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
