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Earlier today, news broke that Chase is changing the rules on who can get signup bonuses on 2 of their most popular cards – the Chase Sapphire Preferred and Chase Sapphire Reserve. These 2 cards are quite popular and it’s no surprise that they were the first 2 picks in our credit card mock draft.
[Why I keep recommending the Chase Sapphire Preferred for people starting out]
People wanting to apply for either of the 2 Sapphire Premium cards already had to contend with the Chase 5/24 rule, which said that anyone who had been approved for 5 cards from ANY bank in the past 24 months would not be approved for either of these 2 cards (among others).
[The 2 types of cards subject to Chase 5/24]
There has been reports on this change to who is eligible…