The Chase Sapphire Preferred card was one of the first credit cards I applied for back in 2011. I ended up downgrading the credit card to the Chase Sapphire no annual fee credit card once the annual fee posted. You have up to 60 days to request for a refund of the annual fee. I downgraded the credit card mainly because I held the Chase Ink Bold credit card, which was an overall better card with the Chase Ultimate Rewards benefits and the 5X points on office supplies and cable/cell phone/internet bills. Now that I held the Chase Sapphire no annual fee credit card, could I get the Chase Sapphire Preferred credit card once again and get the bonus?
The current rule for earning the sign up bonus a second time is as follows:
This bonus offer is available to you as long as you have not received a new cardmember bonus for this product in the past 24 months.
Usually I track the dates on an excel spreadsheet for when I signed up for the credit card. I’m not sure when I received the bonus exactly, but it is safe to say that I’ve earned my bonus 27 months after my initial sign up date. This is because, you have to meet the minimum spend within 3 months. I’ve tested the rule above before by reapply for the Chase Southwest personal credit card and I received the bonus for the 2nd time.
I was worried that I would have to call Chase to explain why I needed the Chase Sapphire Preferred when I already had the Chase Sapphire card. I also thought they might question me on why I downgraded my CSP before and want it again. When I applied for the card, I was expecting a pending approval or denial of some sort. To my surprise I saw this:
I was shocked to see an instant approval! I just received my card and authorized user card in the mail yesterday and I’m ready to earn another sign up bonus!
In conclusion, holding both the Chase Sapphire and Chase Sapphire Preferred is no problem. I was able to see both my Chase Sapphire and Chase Sapphire Preferred accounts under my Chase login. Waiting 2 years seems like a long time to sign up again and receive the sign up bonus again, but realistically there are so many credit card products that it takes a while to get through all of them. By the time you applied for almost all the good sign up bonuses, it’s time to apply for them all once again! Anybody apply for the Chase Sapphire Preferred a 2nd time?