The Chase Sapphire Reserve® (see rates and fees), an uber-popular premium journey bank card, has undergone a main refresh.
This update ushered in quite a few adjustments, together with the addition of a number of assertion credit, computerized elite standing and an annual price enhance that sometimes accompanies these sorts of adjustments. The cardboard now carries a $795 annual price — up $245 from its earlier $550 price — however has quite a few assertion credit and advantages to offset this leap.
Plus, you will earn one of the crucial worthwhile and versatile currencies within the type of the Chase Ultimate Rewards points.
At present, new candidates for the Sapphire Reserve can earn 100,000 Final Rewards factors and a $500 Chase Travel℠ credit score after spending $5,000 on purchases throughout the first three months from account opening.
Primarily based on TPG’s June valuations, this bonus is price as much as $2,550 (together with the Chase Journey credit score). When factoring within the worth of the $500 Chase Journey credit score, that is the best-ever bonus we have seen on this card.
In case you’re concerned with making use of, here is every part you must know relating to your eligibility for this profitable welcome bonus.
Associated: The best credit card welcome bonuses of the month
Am I eligible for the Chase Sapphire Reserve bonus?
Chase has lately updated its bonus rules eligibility. Beforehand, you may solely earn one Sapphire welcome bonus each 48 months. Now, Chase has applied a brand new timeframe larger than 48 months relating to the welcome bonus.
A consultant from Chase confirmed the next to TPG: “Starting June 23, 2025, it is possible for you to to have each the Sapphire Reserve and Sapphire Most popular playing cards. New account bonus supply eligibility for both card can be based mostly on elements together with beforehand earned bonus provides and the variety of playing cards opened and closed, amongst others.”
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When you have beforehand acquired a Sapphire Reserve welcome bonus, you’ll not be eligible to obtain one other Sapphire Reserve welcome bonus. Even when it has been years because you acquired a welcome bonus on a selected Sapphire card, you almost certainly won’t be eligible to earn one other bonus on that similar Sapphire card.
This additionally applies to the Chase Sapphire Preferred® Card (see rates and fees), so for those who acquired a welcome bonus on the Most popular, you’ll not be eligible for a Sapphire Most popular bonus.
Different issues to notice are:
- You is probably not eligible for a Sapphire Reserve bonus for those who’re a present Sapphire Most popular cardholder.
- In case you’re not a Sapphire buyer and by no means acquired a bonus on the Sapphire Reserve, you will almost certainly be eligible.
For instance, I at present maintain the Sapphire Most popular and have by no means had the Sapphire Reserve. As a present, energetic Sapphire buyer, I may apply and get permitted for the Sapphire Reserve, however would virtually definitely not be eligible for the bonus. Nevertheless, if I downgraded my Sapphire Most popular after which utilized for Sapphire Reserve, there is a chance I may qualify for the bonus.
Moreover, TPG senior editorial director Nick Ewen at present has the Sapphire Reserve, and he had the Sapphire Most popular a few years in the past. He may apply for the Sapphire Most popular, however he would not be eligible for the bonus, since he is a present Sapphire Reserve buyer. Even when he downgraded his card, he beforehand earned a bonus on the Sapphire Reserve, so he virtually definitely would not be capable of earn one other one.
When making use of for the Sapphire Reserve, a pop-up device will inform you for those who’re eligible for a welcome bonus earlier than you submit an utility and Chase runs a credit score test. That is the easiest way to substantiate for those who’re eligible for a welcome bonus. In case you’re not eligible for a welcome bonus, you’ll be able to nonetheless proceed with the appliance and attempt to get permitted with no bonus.
Associated: The ultimate guide to credit card application restrictions
The 5/24 rule
Chase is understood for its notorious 5/24 rule, which states you could’t have opened 5 or extra playing cards previously 24 months throughout all banks and issuers.
This contains accounts you might be a certified consumer on; nonetheless, many enterprise playing cards don’t count toward your 5/24 standing. So, to be able to be permitted for the Chase Sapphire and eligible for the Sapphire Reserve welcome bonus, you have to be below Chase’s 5/24 rule.
Associated: Here’s how to calculate your 5/24 standing
Shifting credit score traces
Moreover, when you’ve got a number of bank cards with Chase, you might have reached your most whole accessible credit score restrict, which might probably trigger your utility to be declined when making use of for the Sapphire Reserve.
If this occurs, you’ll be able to name the Chase reconsideration line at 1-888-270-2127 and ask them to shift a few of your credit score restrict from an current Chase card so as to get permitted for the Sapphire Reserve.
Associated: What credit score do you need to get the Chase Sapphire Reserve card?
Can I hold both the Sapphire Reserve and Sapphire Preferred at the same time?
Previously, you were only able to hold one Sapphire card at a time. However, with this new refresh of the Sapphire Reserve, you can now hold both the Sapphire Reserve and Sapphire Preferred at the same time.
You just won’t be eligible to earn another welcome bonus if you have previously earned one due to the new bonus eligibility restrictions.
In addition, if you don’t want to hold both cards, you can freely upgrade and downgrade between Sapphire merchandise.
Backside line
The present supply on the revamped Chase Sapphire Reserve is a wonderful deal. It’s price as much as $2,550 (based mostly on TPG valuations) and might offer you a giant stash of Final Rewards factors. For these in search of a premium travel card with nice earnings charges and advantages, the Sapphire Reserve ought to be on the high of your record.
Keep in mind to concentrate to any pop-ups through the utility course of, as considered one of them may point out whether or not you are eligible or not for a welcome bonus.
Apply right here: Chase Sapphire Reserve with 100,000 bonus miles and a $500 Chase Journey credit score after spending $5,000 on purchases within the first three months from account opening.
Associated: The ultimate guide to credit card upgrades
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