Chase continues to make it more difficult to get approved for new credit cards and earns large sums of points with sign up bonuses. By now, many are familiar with the 5/24 rule, in which Chase will automatically reject applications for most of their cards if you have opened five or more new credit card accounts with any bank within the last 24 months.
Now, Chase has come out with a new rule, targeted at the Sapphire family of cards. There are three cards in the Sapphire family: the no annual fee Sapphire card, Sapphire Preferred, and Sapphire Reserve. Here are the new rules per a memo sent to Chase bankers: