Update: Official application link with landing page is out. This offer pays me commission (though I posted direct link as soon as it became available). Unfortunately, it appears that 5/24 rule does indeed apply. 🙁
First, let me say that I hate myself a little for adding yet another post on this card. Even though the sign-up bonus is magnificent, I’m sick and tired of hearing words Chase. Sapphire. Reserve. Let me see if I can find a stock photo image to convey my emotions. Here we go:
Image courtesy of num_skyman at FreeDigitalPhotos.net
Someone on Reddit has called this card Chase Sapphire Schizofrenia, and I concur. Apparently, few folks stayed up all night waiting for the link to hit the web first thing this morning (it didn’t). Others have been refreshing Chase page like maniacs all day long, and few have been calling non-stop for updates. It’s at times like these I seriously think about quitting the hobby for good, but we all know it’s not going to happen, so…
Anyway, on Sunday the card became available inside Chase branches but not online. I’m sure some will need therapy and meds to get over this horrible betrayal. For the rest of you semi-normal folks, here are a few answers to your possible questions. Do keep in mind that this post was published on Sunday, so things may have changed since then. I plan to update it on Monday as soon as I see new information.
1) Does 5/24 rule apply to CSR?
Update on Monday: It appears that 5/24 rule does apply.
We don’t know yet. Data on this Reddit thread seems inconclusive so far, at least the way I’m reading it. Be aware, there is a survey on Reddit where you can leave your own data point if you just applied for CSR. Consider doing it to help others. My gut feeling is that 5/24 rule will be enforced once application link hits the web, but we’ll see. Comments on this DoC post are not super encouraging. My opinion is that if 5/24 rule is hardcoded for online apps, it will be this way from the very beginning. I plan on waiting a day or two before deciding on whether to apply.
2) Will applying inside Chase branch improve my chances of approval?
It might. Some have indicated that they were pre-approved by the banker before applying. Several were way over 5/24 limit. Once again, it’s hard to say for certain because some of these commenters might be trolls messing with unsuspecting folks in the hobby. As I said, IMO there aren’t enough data points to say one way or another.
Supposedly, the online application link will be available on Monday, but it could take longer if hobbyists crash the system. Seriously, the level of madness is mind-boggling. I don’t think Chase has anticipated how insane our brethren really is!
3) How long will 100K bonus be around?
We don’t know for sure, but someone on Reddit was told by the banker that it will stick around through at least the end of September. Sounds plausible, but once again, it’s coming from one person. Take it with a grain of salt. I tend to think that this one is probably true. I doubt Chase will continue handing out such large quantities of points indefinitely, but it’s unlikely that the bonus will be reduced in a matter of days.
4) If I’m nowhere close to 5/24 limit, is it critical for me to apply as soon as the card is available online?
Heck no! Ignore the madness, none of this applies to you. I wouldn’t wait several months, but waiting a few days or even weeks is unlikely to make a huge difference.
5) If I don’t get approved for CSR, is my life still worth living?
Readers, please, share your thoughts!
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Leana is the owner and founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.