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PSA HU: Major Restrictions To Applying For Sapphire Cards

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Mod, feel free to move , I posted this because more than half of SDers have Chase cards, just to warn everyone before applying and waste a credit hardpull in the record. Smilie
Source: Chase branch rep (and confirmations from various bloggers)

*****

Beginning August 27 our same-product eligibility requirements have been updated for all Sapphire Credit Card products, which include Chase Sapphire, Chase Sapphire Preferred and Chase Sapphire Reserve.

Going forward, a customer may no longer have more than one Sapphire-branded credit card. For example, if a customer has a Sapphire Preferred card, they are no longer eligible for a Sapphire Reserve card.

While this change impacts all new and existing customers (including CPC clients), there is no impact to existing customers who presently have more than one Sapphire product. These customers continue to retain their Sapphire products as usual.

If existing Sapphire customers wish to upgrade or downgrade their product, they made so if eligible. However, no bonus points will be available with this upgrade or downgrade. The customer may call the number on the back of their card OR you may contact Banker Support with customers who are in the brand or already on the phone.

If an account is closed, a customer will not be eligible for any Sapphire-branded credit card if they have earned a cardmember bonus on a Sapphire-branded product within the last 24 months.
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Created 08-28-2017 at 01:47 PM by hondaman82
in Finance (2)
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31 Comments

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This comment has been rated as unhelpful by Slickdeals users
Joined Mar 2008
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#2
I think once you have a CSR, the other Sapphires are a bit irrelevant, especially as the CSP does not give you a bonus on an annual basis (such as the travel credit from the CSR).

Sucks for people that were waiting to get under 5/24 to apply for a CSR/CSP, though (assuming they already have one or the other, or even the base Sapphire no-AF card).
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Joined Apr 2006
World dominator and rebel
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#3
damn, i was considering getting the CSP for the wife but already has CSR...sucks
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#4
Why would they put this limitation? Specially when paying annual fees...
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#5
Quote from igorjrr
:
Why would they put this limitation? Specially when paying annual fees...
Maybe becuase too many people doing MS churning... bank is not getting much profit anymore?
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#6
I think I am happy with Reserve only. Between this and the already in place 5/24 rule for Chase, This will cut down even more on churning. I don't know how much longer I will hold mine as I am out net $150 after the $300 in travel credit for this (my 2nd) year.
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Last edited by c2nah777 August 28, 2017 at 02:36 PM.
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#7
Quote from c2nah777
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I think I am happy with Reserve only.
Unless she is authorized user to the husband's CSR... although I am not clear about authorized user case.
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#8
Quote from hondaman82
:
If an account is closed, a customer will not be eligible for any Sapphire-branded credit card if they have earned a cardmember bonus on a Sapphire-branded product within the last 24 months.
I currently have regular Sapphire(downgraded after 1st year of Sapphire Preferred) from years ago and was looking to do signup bonus for Sapphire Preferred later this year. To confirm, I would still be eligible for a signup bonus if I close my Sapphire card and then sign up for CSP since it has been over 24 months since my last signup bonus?
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#9
Quote from igorjrr
:
Why would they put this limitation? Specially when paying annual fees...
theyre losing alot on the csr
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Joined Dec 2009
Ba Ding!
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#10
I have the regular Sapphire card (non-Preferred or Reserve). Not even sure they still offer this card?

I guess this card would would also restrict me from applying for the Reserve. Bummer.

Maybe I should cancel the vanilla Sapphire...
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#11
Quote from sharownnn
:
I currently have regular Sapphire(downgraded after 1st year of Sapphire Preferred) from years ago and was looking to do signup bonus for Sapphire Preferred later this year. To confirm, I would still be eligible for a signup bonus if I close my Sapphire card and then sign up for CSP since it has been over 24 months since my last signup bonus?
Your current Saphire is still active, I am guessing Chase won't approve any new Sahpire card.
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#12
Quote from hondaman82
:
Maybe becuase too many people doing MS churning... bank is not getting much profit anymore?
Ayup.
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#13
What does Chase require for a product change? I know I won't get the bonuses of the CSR or CSP if I do that, but I want to get in on the old terms if they end up changing things for new cardholders. Do you have to do a hard pull, income disclosure, etc. for a product change?
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#14
Joke on them, I don't have any more Sapphire to apply to.
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#15
Has Chase changed their insane interest on any of their cards? I was shocked when I wanted to open a second card to transfer a small balance with the zero interest. The shock was the 19 or 20% APR when the zero interest period was over. That's higher than my first ever Capital One card had when I got right out of college with no credit and very low income.

I'll stick with my local credit union card with 9% interest. I still earn some meager points with it too, so I'm not seeing the point in big banks and their cards anymore.
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