Chase has said to various media outlets that the are doing away with the 48 month signup bonus eligibility restriction in favor of a proprietary determination by the bank of signup bonus eligibility.
Theoretically someone might be deemed by Chase to be eligible in less than 48 months. Practically Chase seems to be getting stricter and might deem someone ineligible even beyond 48 months. It will all depend on how profitable Chase deems you or whatever other factors they consider.
Chase will introduce a notice during the application flow which will let you know if you are not eligible for the bonus and give you the choice to continue or cancel the application. This makes sense: since the bonus determination is variable based on your customer history, they’ll let you know during the application if you are eligible for the bonus.
We are transitioning away from the family of cards every 48 month eligibility to a same product premium eligibility. The timeframe will be longer than 48 months but we aren’t able to share additional details.
American Express has long had this system whereby they’ll let you know during the application flow if you are eligible for a bonus. It’s often referred to as ‘AmEx pop up jail’ whereby someone attempts to apply for a card and gets a ‘pop up’ notice from Amex informing them they are eligible for the bonus.
I’m not sure exactly how the notice will display with Chase, but we might as well call this new Chase bonus denial, ‘Chase pop up jail’.
These changes will go in effect on June 23, 2025.
For now I’m only seeing this new change for the Sapphire Reserve and Preferred cards. It’s possible that all other cards, for the time being, will not have this new notification system and will run with all of the rules that we’ve seen until now.
New account bonus offer eligibility for either card will be based on factors including previously earned bonus offers and the number of cards opened and closed, among others.
Consumers applying through most channels will be notified during the application process if they are not eligible for a bonus offer and given the choice to continue the application or cancel the application with no impact to their credit score.
Over time, it’s possible that this pop-up method will eventually replace the whole 5/24 rule, as Chase will decide with each application whether to allow a bonus or not. For now, we haven’t heard any mention of changes to 5/24.
That’s a real shame. For light participants in the game as myself it was a free couple of grand P1/P2 every 4 years from the CSP.
Damn, eagerly waiting for my four year cool-off in September. Make me anxious to take the reduced annual fee (550) before July 23 by Product changing from CSP to CSR.
Seems like this is only for Sapphire cards not inks.
Doctor of Chase?
“Practically, Chase seems to be getting stricter and MIGHT deem someone ineligible even beyond 48 months.”
Might? Chase says it will: “The timeframe WILL be longer than 48 months…”
Lol my 48 month clock was set to reset on July. I’ll report application DP if the SUB is at least 150K
Same boat, first week of July. A bit underwhelmed with the changes, might end up going for a CSP. But if the SUB is really good, I might be persuaded. 😀
Not sure if chase is still allowing it, but you could try to upgrade a current chase card to CSR to lock in the 550 AF. (*Just make sure they confirm it will be 550). Then, use the travel credit. If the SUB is good, downgrade the card, and apply outright (you have 30 days to downgrade). If the sub is not good, you could elect to keep the card for a year at 550 AF and use the new benefits. Upon renewal, downgrade the card (but only after using the $300 travel credit again).
I would only be doing it for the SUB. No real use for the new benefits. And there’s no guarantee that the double dip of travel credits will work on a downgrade. Hope they will but given that Chase even mentions that, seems they’re trying to prevent that.
I hate pop-up jail. You can never predict what will happen. At least before we know for sure within 48 months we can get bonus again. Now we gotta wait for popup algo which as you know doesn’t favor churners
🙁
time to find a real job…….
Amex and Chase card operations are done in India. I think they probably poach executives from each other who then bring these nickel & dime bad policies with them. Chase should copy Amex’s policy of approving cards without credit checks for existing customers.
They have only copied all the bad policies.