Can former Chase Sapphire Preferred cardholders qualify for the 100,000-point bonus? Here's what we're seeing

The article discusses recent developments regarding eligibility for the Chase Sapphire Preferred card's welcome bonus offer. Here are the key points:

1. Unexpected Approvals: Several longtime former cardholders who previously had the Chase Sapphire Preferred and later downgraded or closed their accounts have recently been approved for new applications.

2. Pattern of Successful Applicants:

   • Opened the Sapphire Preferred around 2010-2012.
   • Many downgraded or closed the card circa 2016-2017 when the Chase Sapphire Reserve was launched, as holding both cards wasn't allowed at that time.
   • No longer had a Sapphire Preferred open (as per Chase's terms).
   • Did not receive Chase's bonus-ineligibility pop-up during application.

3. Chase's New Eligibility System: The article suggests that Chase's new eligibility system may be more nuanced than previously thought, and having the card years ago doesn't automatically disqualify you forever.

4. Current Terms: Chase's current terms state that the bonus "may not be available" if you've previously held the card or earned its welcome offer, but this wording is now seen as potentially allowing some former cardholders to qualify again

Read the full article at The Points Guy

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