Update: DEAD! Don’t miss it if this becomes alive again. Sign up for deal notification alerts here!
The Chase Sapphire Preferred and Sapphire Reserve cards are an essential tool for all credit card users. They offer bonus points on dining and travel in addition to the ability to transfer points from all Chase Ultimate Rewards cards into miles or to use points towards paid flights.
Unfortunately, Chase keeps on making it harder to qualify for the cards.
First, Chase added 5/24 restrictions that made it hard to get approved for most Chase cards if you have been approved for 5 consumer cards in the past 24 months.
Then, Chase added a 24 month restriction on all Sapphire cards. If you have received a bonus on any Sapphire card in the past 24 months, Preferred or Reserve, you can’t get a new Sapphire card.
Now, Chase is changing that 24 month Sapphire restriction to 48 months. With the new rule, if you have received a bonus on any Sapphire card in the past 48 months, Preferred or Reserve, you can’t get a new Sapphire card.
The Sapphire Reserve card launched 24 months ago, so I guess it’s not a surprise that Chase is increasing the restriction from 24 months to 48 months to stop people from cancelling their card and opening a new one.
If you go to the Chase homepage, both card applications now have this 48 month restriction when you click on offer details:
However via the link below, you can view a Chase Sapphire Preferred offer with a 24 month restriction that can be seen when you click on offer details. It comes with 50K points for spending $4K in 3 months plus another 5K points for adding a free additional user card. The $95 annual fee is waived for the first year.
If you haven’t received a bonus on a Sapphire card in the past 24 months then now is the time to apply for this card before the 48 months restriction is added to all application links.
You can always upgrade the Sapphire Preferred to Sapphire Reserve later on to take advantage of the many amazing benefits that come with that card. Or you can downgrade it to either the no-annual fee Freedom or Freedom Unlimited card. Both of those cards are incredible tools as well for earning points.
Having the Sapphire Preferred or Sapphire Reserve card is practically a requirement to maximize your miles, but there’s no reason to have both cards. Which card is right for you?
Here’s a comparison chart that illustrates their strengths and weaknesses.
|Sapphire Preferred||Sapphire Reserve|
|Signup bonus||50K points for spending $4,000 in 3 months, plus 5K points for adding an additional user||50K points for spending $4,000 in 3 months|
|Annual Fee||$0 for the first year, then $95||$450|
|Allows you to transfer Chase points from any card to airline miles||Yes||Yes|
|Value of points towards paid airfare, hotels, car rentals, cruises, and activities||1.25 cents||1.5 cents|
|Additional Cardholder Fee||$0||$75|
|Annual Travel Credit (Airfare, hotels, car rentals, Uber, etc)||$0||$300|
|Points earned on travel (Airfare, hotels, car rentals, Uber, etc)||2 per dollar||3 per dollar|
|Points earned on dining||2 per dollar||3 per dollar|
|Priority Pass membership||None||Primary and secondary cardholders can bring themselves and 2 free guests into a lounge|
|$100 Global Entry/Pre-Check Fee Refund||None||Once every 4 years for Primary cardholder|
|Foreign transaction fee||None||None|
|Worldwide Car Rental CDW Coverage||Primary coverage||Primary coverage|
|Roadside Assistance||Available for a $59.95 charge||Free battery boost, flat tire service, 2 gallons of fuel delivery, towing, or lockout assistance|
|Purchase Protection for items damaged or stolen within 120 days||$500 per item||$10,000 per item|
|Extended Warranty Protection||1 extra year for items up to $10,000||1 extra year for items up to $10,000|
|Trip Cancellation/Trip Interruption Insurance||$10,000 per trip or $20,000 per trip with multiple travelers||$10,000 per trip or $20,000 per trip with multiple travelers|
|Return Protection||None.||$500/item up to $1,000/year|
|Lost Luggage Insurance||$3,000 per person per trip (limit of $500 per person for jewelry, watches, and electronics)||$3,000 per person per trip (limit of $500 per person for jewelry, watches, and electronics)|
|Trip Delay Reimbursement||$500 per person for reasonable expenses (Hotel, food, toiletries, medicine, etc) required for delays more than 12 hours.||$500 per person for reasonable expenses (Hotel, food, medicine, etc) required for delays more than 6 hours.|
|Baggage Delay Reimbursement||$100 per day per person (max of 5 days) for essential items needed (Clothing, toiletries, cell phone charger, etc) required for delays more than 6 hours.||$100 per day per person (max of 5 days) for essential items needed (Clothing, toiletries, cell phone charger, etc) required for delays more than 6 hours.|
|Travel Accident Insurance||$500,000 per person||$1,000,000 per person|
|Emergency Evacuation and Transportation due to injury or illness on a trip||None||$100,000 for trips between 5-60 days, more than 100 miles from your home|
|Repatriation of Remains Insurance||None||$1,000 for a coffin and to return your body to your home country if you die on a vacation|
|Emergency Medical and Dental Benefit||None||$2,500 for medical expenses on trips between 5-60 days, more than 100 miles from your home|
Will you signup for a Sapphire card before the 48 months rule goes into effect for all Sapphire application links?