What happened
Chase has updated its credit card eligibility rules to allow cardholders to hold both the Chase Sapphire Preferred and Chase Sapphire Reserve cards at the same time. Previously, holding one card disqualified a consumer from earning the welcome bonus on the other. This policy change enables existing Sapphire Reserve holders to apply for the Sapphire Preferred and earn its current 100,000-point welcome offer (requiring $5,000 spend in 3 months). The article details a case study of an editor who held the Preferred 15 years ago, was previously ineligible due to holding the Reserve, but successfully applied for the bonus after the rule change