Link: Learn more about the Chase Sapphire Reserve® Card
The Chase Sapphire Reserve® Card (review) is one of the most popular premium credit cards out there, and it’s currently offering a best-ever welcome bonus of 150,000 Ultimate Rewards points after spending $6,000 within the first three months. This is an absolutely massive bonus on a lucrative card, so if you’re eligible, I think it makes a lot of sense to apply.
In this post, I’d like to talk a bit about how Chase has updated its eligibility requirements for earning the bonus on this card in recent times, as it means that a lot more people should be eligible for the card than in the past. So that I don’t bury the lede, the changes mean that if you have the Chase Sapphire Preferred® Card (review), you’re still eligible for the Chase Sapphire Reserve, including the bonus.
Current Chase Sapphire Reserve approval & bonus rules
On January 22, 2026, Chase updated its eligibility requirements for both the Chase Sapphire Reserve and Chase Sapphire Preferred. You’ll now see that both cards have the following terms:
This credit card is unavailable to you if you currently have one open. The new cardmember bonus may not be available to you if you previously held this card or received a new cardmember bonus for this card. We may also consider the number of cards you have opened and closed in determining your bonus eligibility.
Since more people are probably interested in the huge Chase Sapphire Reserve offer at the moment, this means that:
- You may not be eligible for the welcome bonus on the Chase Sapphire Reserve if you’ve had it in the past
- However, whether you currently have, or have had the Chase Sapphire Preferred in the past, has no bearing on eligibility for the Chase Sapphire Reserve, including the bonus
So Chase essentially has a “once in a lifetime” rule on each of its Chase Sapphire cards, with the two cards being viewed as distinct products for those purposes. Now, I imagine that at some point the “lifetime” resets (at least that’s the case with most card issuers), though it’s anyone’s guess what that timeline is.
Nowadays Chase generally has a pop-up during the application process in case you apply and aren’t eligible for the bonus on a card, so that you can decide whether you want to finalize your application before there’s a hard pull. That typically looks something like this:
It looks like you’re not eligible for a bonus for a Chase Sapphire Reserve credit card. This can happen if you’ve already held or received a bonus for this credit card. Current holders of personal Chase Sapphire cards are also ineligible. We haven’t done a credit check yet, so there will be no impact to your score if you don’t continue.
How would you like to proceed?
- Continue without the bonus
- Cancel my application (no impact to credit score)
How have Chase Sapphire Reserve eligibility rules changed?
For those curious about the background of this, Chase has had three different sets of application restrictions on Chase Sapphire products in the past year, so some tweaks have been happening.
Through June 22, 2025, the Chase Sapphire Reserve and Chase Sapphire Preferred were mutually exclusive, but followed a 48-month rule:
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.
Then between June 23, 2025, and January 21, 2026, we saw the 48-month rule eliminated, and we saw some new mutual exclusions on the cards, as the terms read as follows:
This credit card is unavailable to you if you currently have one open. The new cardmember bonus may not be available to you if you currently have any other personal Sapphire cards open, previously held this card or received a new cardmember bonus for this card. We may also consider the number of cards you have opened and closed, as well as other factors in determining your bonus eligibility.
It’s common for card issuers to tweak their rules around card bonuses, in order to maximize the odds of consumers applying for cards with the intent to keep them long term. How do the three policies compare?
- I’d say that the policy that was in place for seven months (primarily for the second half of 2025) was the worst, so I’m happy to see that has been eliminated
- Meanwhile the old policy was best if you had a card in the past and wanted to get it again, while the new policy is best if you currently have one of the Chase Sapphire cards, and want to get the other one
Bottom line
At the moment, we’re seeing a best-ever 150K bonus points offer on the Chase Sapphire Reserve, with a reasonable spending requirement no less, making it the best time to pick up this card.
Understandably, credit card application rules can be difficult to understand, especially with how often they change. Thanks to changes we saw to the Chase Sapphire Reserve bonus eligibility in early 2026, I’d argue the rules are easier to understand than in the past.
Essentially, you’re not eligible for the welcome bonus on the Chase Sapphire Reserve if you had the card in the past. However, you are eligible for the card, including the bonus, if you have or have had the Chase Sapphire Preferred. So if you’ve never had the card, this would be the time to submit your application!
What’s your take on the evolution of Chase Sapphire application restrictions?
