Chase has introduced a new business credit card, the Chase Sapphire Reserve for Business℠, along with updates to its popular travel card, the Chase Sapphire Reserve. These changes include new benefits, statement credits, and an increased annual fee. A representative from Chase confirmed that these updates come with an elevated welcome bonus for new cardholders.
A significant change is the implementation of a new eligibility policy affecting consumer Sapphire cards but excluding the Sapphire Reserve for Business. Previously, there was a 48-month rule preventing customers from earning a new welcome bonus if they had received one in the past four years. Additionally, customers could not hold both the Sapphire Reserve and the Chase Sapphire Preferred Card simultaneously.
Starting June 23, 2025, it will be possible to hold both cards at once. However, eligibility for bonuses will depend on several factors such as previously earned bonuses and account history. This means that even if someone downgrades their card or waits out the 48-month period, they may still not qualify for another bonus on the same product.