Chase Sapphire Card Update: Hold Two Cards, New Bonus Rules?

Chase is changing its Sapphire card policy, allowing customers to hold both the Chase Sapphire Preferred and the Chase Sapphire Reserve simultaneously. This is a significant shift from the previous rule that only allowed one Sapphire card per customer. The change opens up the possibility of earning two Sapphire welcome bonuses, although the exact timeframe for eligibility remains unclear. Chase has stated they are moving away from the 48-month restriction on bonus eligibility but will implement a longer timeframe. Adding to this update is the introduction of a potential “pop-up jail” system. This system, similar to American Express's approach, will present a warning to applicants who are ineligible for a welcome bonus, giving them the option to cancel the application without affecting their credit score. This new system's relationship to the existing Chase 5/24 rule remains uncertain. While the specifics of bonus eligibility remain unconfirmed, speculation suggests Chase might create restrictions, preventing customers from earning bonuses on both the Preferred and Reserve cards consecutively. The exact implementation of the new rules and the “pop-up jail” system is still pending, but the changes suggest an evolution of Chase's approach to welcome bonuses, mirroring strategies used by other major credit card issuers like Amex. The ability to hold two Sapphire cards is a welcome change for many, opening doors to increased rewards potential, while the “pop-up jail” system aims to enhance transparency and streamline the application process.

(Source: https://dannydealguru.com/hold-2-sapphire-cards-pop-up-jail/)