Posted by Chuck on August 28, 2017
Credit Cards

Published on August 28th, 2017 | by Chuck

59

It’s Official: Chase Updates the Terms to Indicate Sapphire Family Limitation

Earlier today we posted about the memo being circulated to Chase bankers indicating that all Sapphire cards are considered one family for the purposes of getting signup bonuses and for holding two Sapphire cards. It’s now official with the updated terms showing that all Sapphire cards are considered one.

Sapphire Preferred link, Sapphire Reserve link

The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 24 months.

I still see the old terms at one link, but it doesn’t matter much since – as per numerous data points – Chase has been simply denying any Sapphire cardholders who apply for another Sapphire version. It’s well within their rights to decide if they want to issue another Sapphire card to a customer.

There is one odd data point of an approval for CSP yesterday and CSR today. Only thing I can think is that the Chase system didn’t fully update them as a new cardmember. Or else, maybe, since they didn’t yet get the bonus, a quirk in the system is allowing them to get approved for both. In any case, this can be a small loophole in the new terms by applying for both within a day, but then again, who knows if this person will or will not end up getting both bonuses.

Hat tip to reader Seth



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59 Comments on "It’s Official: Chase Updates the Terms to Indicate Sapphire Family Limitation"

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“who received a new cardmember bonus within the last 24 months.”

Is this date the account opening date or the day you receive the actual bonus points?

It is the date you receive the bonus not the date you receive the card. Read the word carefully “Received a new card member bonus within the last 24 months”.

FU CHASE is all i CAN SAY.

Relax, it’s just a game. We are gamers, there will always be new chances for as long as Americans are ridiculously addicted to debt and getting whatever they want.

> FU CHASE is all i CAN SAY.

We’re glad you enjoy our FU product – Chase

Hey u/SJ0,
Is that you?
I’d like to say FU Chase 1.5x

I agree that the Freedom Unlimited is a great product, but I actually prefer the regular Freedom.

Just wait ’til they make you choose just one Freedom family member too! Good times ahead!

Doesn’t mention “Freedom family”, but DOES say you’re only eligible if you don’t already have that card on the Freedom app page.

Yeah, I’d rather have multiple regular freedoms instead to up the $1500 cap. The Freedom page has similar wording that you’re not eligible for the product if you already have it or have received the bonus in 24 months. I wonder if they’ll still allow product conversions to multiple freedoms. Now that I can’t add a new Sapphire preferred though, I don’t have anything I can convert to another freedom.

I guess maybe in another ~14 months I can try to convert my existing Reserve to another freedom and then apply for a new Reserve a couple months later.

On the referral page, “This product is not available to either (i) current cardmembers of this credit card, or (ii) previous cardmembers of this credit card who received a new cardmember bonus for this credit card within the last 24 months.” Should I apply now?!

Chase 5/24 cards are as good as dead to me anyhow, will never be below 5/24 and now there’s even less reason to hold back on apps to drop back down to <5/24.

nooooooo

sigh… SMH.

Any guesses as to what this will mean for referrals? Will a Preferred holder be able to refer to the Reserve?

Chase copied CITI…

everyone will copy everyone as they all read these public boards. nobody should be surprised here.

Indeed. It’s been made easy for them. Certain blogs and forums reveal way too much about everything (not talking about this one or this particular topic). What people have to realize is that corporations have people who read what’s on the internet just like anyone else. If you find a way to benefit in some game type system, know that you aren’t alone and that the first few that discover it will wisely keep it to themselves so it will be tolerated longer. Once someone outs it publically, it dies sooner than it would have. Again, not talking about publically outing a bank memo, which will be made known by the bank anyhow. This particular information about the Sapphire family will be helpful to those who are under 5/24 and had certain plans. I’m keeping the CSR anyhow and had no plans to try for anymore Chase cards for possibly many years to come unless the 5/24 is relaxed or I don’t see any worthy new cards introduced by other institutions.

No not exactly. Citi will reset the clock from when you open OR close an account. It seems with chase you may be able to keep the card for a year then close it then reapp in a year. If you like the chase card you keep it two years then close and reapp.

This may be a dumb question, but the changes have me thinking and I was looking at the Ink Cash and Ink Preferred Offer Details and I can’t seem to find any language making you only eligible for their bonuses once every 24 months as has always been the case for most all (if not all) of chase cards. Am I missing something?

(I realize this has nothing to do with today’s changes, I just didn’t know where to talk and ask… I was thinking of opening another Ink Preferred now that I converted to Ink Cash (I also got an Ink Cash by signing up right before I converted the Preferred), then I thought “oh no dummy, you got the bonus in the last 24 months” but then I looked into the terms and I can not find the restrictive language)

Here is the card details for the main landing page of the Ink cash:

https://creditcards.chase.com/a1/olainkcash/th (then click “offer details”)

and here is a page which does contain the language when I googled for “ink cash offer details” but it shows an old offer of 20k points obviously instead of 30k .. so must be old?
https://www.chase.com/online/business-credit-cards/ink-cash-offer.htm

What gives? Thanks… go easy on me if I am missing the most obvious point ever.. LOL.

Churning’ ain’t easy.

No good. Haven’t got any reserve myself. Anyone knows whether an added authorized card holder on someone else’s reserved card would count as an existing card ?

AUs don’t count, never did at any bank.

AUs DO count for Chase’s 5/24 rule though, don’t they?

What about those who are authorized users but never signed up for the card themselves?

So I don’t have the CSR (I was over 5/24 during the great CSR sign-up-gasm).
I do hold the CSP. Have had it for years. Probably got the sign-up bonus 8-10 years ago.

I’m now under 5/24.

I’m thinking that I could wait for the next stunning CSR sign-up bonus (likely to follow this move by Chase, methinks, since that would only bring in new folks). Downgrade my CSP first (to FU), THEN apply for the CSR. As long as I’m confident that I should qualify based on 5/24, credit-worthiness, etc., I’m thinking this will all work out.

I’ve been on a steady diet of cards that don’t count against me for 5/24 for the past 2.5 years and I can fit into my old pre-churning jeans…

I’ve been on the same diet but, like you, missed the big bonus. Now that I qualify (under 5/24) I was thinking of applying for CSR this week. But I also have a very old CSP. I wonder if they will have a period of time between having no Sapphire and applying with a bonus? I hope you’re right about an increased sign up, but I worry since their initial offering was overly successful and it is being seen as a money loser (which will probably just got worse when so many cancel at renewal).

When you downgrade from CSP to Freedom or FU, what happens to the current balance of Ultimate Reward pts? I’m in the same situation as you guys and missed the big bonus because of 5/24. And now with this new one Sapphire card rule, I’m not sure what will happen to my pts if I downgrade my CSP.

What about if u got approved already within last two weeks for a CSP and working on min spend, do u still get the bonus even if u have the Reserve?

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