Chase Increases Sapphire Bonus Waiting Period From 24 to 48 Months

Aug 27, 2018

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Update 9/11/18: Chase has now added the 48 month language to the offer terms on the Chase Sapphire Preferred application here at The Points Guy and other outlets.

Roughly one year ago, Chase instituted a new “family rule” for sign-up bonuses on its Sapphire line of credit cards. Rather than having its standard 24-month clock apply to each individual card, the issuer deemed that having received a bonus on either the Chase Sapphire Preferred Card or the Chase Sapphire Reserve meant you couldn’t get the bonus on the other Sapphire card for the same 24-month period.

Now, the issuer has quietly updated its offer terms to extend that period on applications for the Chase Sapphire Reserve to once every 48 months, instead of the previous 24 months, and on some instances of the Chase Sapphire Preferred application as well.

As of this writing, the offer terms on the Chase Sapphire Preferred application here at The Points Guy still show the 24-month restriction, but Doctor of Credit reports that the 48-month limitation is appearing in other places on both the Sapphire Preferred as well as Sapphire Reserve cards, so it’s likely just a matter of time before all applications are updated.

If you’ve been juggling your 5/24 requirements while counting down toward your next Sapphire sign-up bonus, this news will no doubt add further complications to your planning process. It’s also not clear if this new 48-month requirement will be extended to other Chase Ultimate Rewards cards. As of this writing, the Chase Freedom card still offers a $150 bonus (15,000 Ultimate Rewards points) after $500 in spend in the first 3 months of account opening to new applicants who haven’t received a bonus within 24 months (No longer open to new applicants), as does the Chase Freedom Unlimited. You may also be able to find Sapphire Reserve referral links from other current CSR cardholders with the old 24-month restriction.

In the meantime, for those folks who are under 5/24, if you’ve been considering getting a Chase Sapphire Preferred and it’s been more than 24 months since you got any type of Sapphire card (but less than 48 months), don’t wait. Apply right now while you can, because the terms may change from 24 to 48 months at any time, and make sure you triple check the offer terms (click “Offer Details” on the application page) to be sure the 24-month language is still in place before you submit your application.

Here’s the link to apply now for the Chase Sapphire Preferred with a 50,000-point bonus after spending $4,000 in the first three months.

H/T: US Credit Card Guide via Doctor of Credit

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