New Chase rule: only one Sapphire card
Sep 11, 2017, 5:50 am
#121
Join Date: Sep 2011
Posts: 1,857
Correct. The CARD Act forbids cc issuers from increasing your annual fee in the first year. CSP->CSR would increase your AF.
Sep 11, 2017, 5:55 am
#122
Join Date: Sep 2011
Posts: 1,857
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 24 months.
Sep 11, 2017, 1:56 pm
#123
Join Date: Jan 2014
Programs: Amtrak Guest Rewards (SE), Virgin America Elevate, Hyatt Gold Passport (Platinum), VIA Preference
Posts: 3,134
File me as peeved about this...mainly because I was just about to come out of 5/24 (thanks to a BofA cluster two years ago surrounding the new AGR cards and a bungled rollout*). I actually didn't bother with the CSR sign-up bonus (as indicated in many places, as much as I would have preferred to have an extra 100k in my account there were/are enough bells and whistles attached to the card to make it worthwhile without the bonus) because the whole thing dropped shortly after 5/24.
(This card being my oldest regular-use account has triggered some sub-optimal behavior...I moved it to a CSP, then a CSR, after Amtrak switched banks because I did not want that account going in a drawer and then getting cancelled.)
*Basically, thanks to IT issues, I wound up getting three cards in the space of 48 hours rather than the one I had planned on. On the other hand, this has left me in a surprisingly strong position for status requalification on Amtrak since I can harvest 40% of the SE requirement off of my cards.
(This card being my oldest regular-use account has triggered some sub-optimal behavior...I moved it to a CSP, then a CSR, after Amtrak switched banks because I did not want that account going in a drawer and then getting cancelled.)
*Basically, thanks to IT issues, I wound up getting three cards in the space of 48 hours rather than the one I had planned on. On the other hand, this has left me in a surprisingly strong position for status requalification on Amtrak since I can harvest 40% of the SE requirement off of my cards.
Sep 12, 2017, 2:19 am
#124
Suspended
Join Date: Oct 2011
Location: LAX
Programs: AAdvantage EXPLAT, Hilton Diamond, SPG/Marriott Gold, IHG Platinum, Citi Exec MC, Amex Plat
Posts: 1,443
So I was first a CSR cardholder and got the 100K bonus and I shamelessly got a CSP just to get the 55K bonus, and now I have no need for my CSP anymore. I've heard that some can downgrade CSP to CFU or CF. Do I have to wait until 1 year later or can I do it now (just a few months after getting CSP)?
The CSR is a no-brainer to me, as my family annually books over $20K in travel (and thus, I blow through the $300 credit in a week). Plus the PP membership I utilize very heavily and the 3X travel/dining rewards are super rewarding.
I like my CF for the quarterly bonuses, and I want to supplement with a CFU to get the 1.5x for all other purchases (aside from Hilton stays where I have my Hilton cards).
The CSR is a no-brainer to me, as my family annually books over $20K in travel (and thus, I blow through the $300 credit in a week). Plus the PP membership I utilize very heavily and the 3X travel/dining rewards are super rewarding.
I like my CF for the quarterly bonuses, and I want to supplement with a CFU to get the 1.5x for all other purchases (aside from Hilton stays where I have my Hilton cards).
Sep 12, 2017, 7:09 am
#125
Join Date: Mar 2015
Location: CLE -> BNA
Programs: IHG Spire Ambassador, Hyatt Explorist, Hilton Gold, Bonvoy Titanium, UA Silver, RR A-List
Posts: 312
So I was first a CSR cardholder and got the 100K bonus and I shamelessly got a CSP just to get the 55K bonus, and now I have no need for my CSP anymore. I've heard that some can downgrade CSP to CFU or CF. Do I have to wait until 1 year later or can I do it now (just a few months after getting CSP)?
The CSR is a no-brainer to me, as my family annually books over $20K in travel (and thus, I blow through the $300 credit in a week). Plus the PP membership I utilize very heavily and the 3X travel/dining rewards are super rewarding.
I like my CF for the quarterly bonuses, and I want to supplement with a CFU to get the 1.5x for all other purchases (aside from Hilton stays where I have my Hilton cards).
The CSR is a no-brainer to me, as my family annually books over $20K in travel (and thus, I blow through the $300 credit in a week). Plus the PP membership I utilize very heavily and the 3X travel/dining rewards are super rewarding.
I like my CF for the quarterly bonuses, and I want to supplement with a CFU to get the 1.5x for all other purchases (aside from Hilton stays where I have my Hilton cards).
Sep 13, 2017, 5:50 am
#127
Join Date: Sep 2011
Posts: 1,857
You had CSP for longer than 1 year, so you were able to PC directly to CFU. If you've had it for less than 1 year, you almost always need to go the indirect route described in the post that you quoted.
Sep 13, 2017, 6:54 am
#128
Join Date: Jan 2003
Posts: 3,784
Sep 25, 2017, 11:00 am
#131
Join Date: Feb 2012
Location: DEN
Programs: Hilton Diamond Hyatt Globalist Marriott Gold AA EXP
Posts: 1,004
So my wife currently has the CSP since about Dec of 16. Does this new rule mean there is no way for her to get the CSR card anytime soon?
Chase is blocking their own everyday customers for getting their newest card???
Chase is blocking their own everyday customers for getting their newest card???
Sep 25, 2017, 11:43 am
#133
Original Poster
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,192
Sep 25, 2017, 11:53 am
#134
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,952
When her Sapphire Preferred has been open for 12 months she should be able to upgrade to Sapphire Reserve. No bonus, but not blocked from obtaining the card.
Sep 27, 2017, 5:23 pm
#135
Join Date: Jul 2016
Posts: 495
I think this is incorrect.
It should be:
After 24 months after you received your bonus points for the Sapphire Preferred, you can then upgrade to the Sapphire Reserve.
You may wish to check out this thread........
Downgraded Sapphire Preferred to Freedom Unlimited, but Reserve app rejected.