Official: Chase Won’t Even Approve You If You’ve Received A Sign Up Bonus On The Card In The Last 24 Months

For some time all Chase cards have had the following language:

  • This bonus is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months

New language states:

  • This product is available to you if you do not have this card and have not received a new cardmember bonus for this card in the past 24 months

This means that Chase will not even approved you for a credit card if you’ve received a new cardmember bonus on that card within the past 24 months. Previously they would approve you but not give you the sign up bonus. This is something that has been previously happening anyway, but Chase has updated application pages to reflect this. I wish that Chase would do the same in regards to the Chase 5/24 rule. This shouldn’t really affect most readers as generally people will want to wait that 24 month period so they are eligible for the sign up bonus again anyway, if anything this new rule could be considered more consumer friendly as applicants are no longer signing up when they might think they are eligible for the sign up bonus. It does mean you can’t just sign up for a card when you want the card benefits and not the sign up bonus though.

Hat tip to reader VM

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