Chase Sapphire Preferred and Reserve Cards Can Be Held Together

Chase allows consumers to hold both the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve® Card simultaneously, presenting a potential strategy for maximizing travel rewards. While holding both is permitted, the eligibility for welcome bonuses on a second Sapphire card is a significant factor for cardholders to consider. According to Chase, welcome offer eligibility is determined by various criteria, including prior bonus earnings and account history.

For existing Sapphire Reserve cardholders, adding the Sapphire Preferred may be particularly appealing, especially given the current offer of 100,000 bonus points for the Preferred card after meeting a $5,000 spending requirement in the first three months. This offer matches the highest bonus ever seen on the card. While a cardholder may be able to obtain the Sapphire Preferred again even if they previously held it, they are unlikely to receive another welcome bonus for that specific card. The same principle generally applies to the Sapphire Reserve; if a welcome bonus was previously earned and the card was later closed, earning another bonus upon reapplication is improbable.

This dual-card strategy is gaining traction following a recent refresh of the Sapphire Preferred card. For those who have previously earned a welcome bonus on the Sapphire Reserve and closed the account, reapplying for the card may still be an option, though the expectation of receiving another welcome bonus should be tempered. The decision to hold both cards hinges not only on eligibility for welcome offers but also on the individual's spending habits and travel goals, aiming to leverage the distinct benefits of each card. Chase's policies on welcome bonuses are designed to reward new customers or those who have not held a specific card for a considerable period.