Tag: Preferred

Can I Have Both the Chase Sapphire Preferred and Reserve Credit Cards?

Chase Sapphire cards are popular among travelers who are looking for lucrative rewards programs — so popular, in fact, that many Chase enthusiasts look into adding more than one Sapphire card to their wallets.

Known for high welcome bonuses and easy tools for redeeming rewards at 25% or 50% more value (when eligible), both the Chase Sapphire Preferred® Card and Chase Sapphire Reserve® Card stand out as some of the top travel cards, and certainly favorites among Chase credit cards in particular.

But unfortunately, it’s not always possible to sign up for both. Chase has strict eligibility requirements on who can open a new Chase travel card, be it the Sapphire Preferred or the Reserve. Most of the time, cardholders can’t have both at once; they have to choose one or the other.

There is one exception, which we dive into below. Here’s what you need to know about who can open a Chase Sapphire credit card — plus some alternatives you may want to check out.

Chase Sapphire Preferred®

Chase Sapphire Preferred®

On Chase’s secure site

  • Rewards

    5X points on Lyft rides through March 2022, 2X points on travel and dining worldwide, 1X points on all other purchases

  • Welcome bonus

    80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening — worth up to $1,000 toward travel when you redeem through Chase Ultimate Rewards®

  • Annual fee

  • Intro APR

  • Regular APR

    15.99% to 22.99% variable on purchases and balance transfers

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

  • Credit needed

Chase Sapphire Reserve®

Chase Sapphire Reserve®

On Chase’s secure site

  • Rewards

    10X points on Lyft rides through March 2022, 3X points on travel worldwide (immediately after earning your $300 annual travel credit), 3X points on dining at restaurants worldwide, 1X point per $1 on all other purchases

  • Welcome bonus

    50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening — worth up to $750 toward travel when you redeem through Chase Ultimate Rewards®

  • Annual fee

  • Intro APR

  • Regular APR

    16.99% to 23.99% variable

  • Balance transfer fee

  • Foreign transaction fee

  • Credit needed

Who can open a Chase Sapphire card?

Chase doesn’t allow you to be the primary account holder on both the Sapphire Preferred and Reserve cards. So if you already have one Sapphire card, you can’t apply for the other. 

This eligibility rule is listed in the terms for Sapphire cards:

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 48 months. If you are an existing Sapphire customer and would like this product, please call the number on the back of your card to see if you are eligible for a product change. You will not receive the new cardmember bonus if you change products.

Normally, this is no big deal. When you signed up for

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