In this hobby, seasoned hackers often poke fun at questions like “Should I get the Chase Sapphire Reserve or Chase Sapphire Preferred?” with the joking answer: “BOTH!” We usually don’t mean it, but sometimes we do. (Say what, Mr. Double Speak?) Well, under certain circumstances, it is possible to get both even though it’s technically not allowed by Chase (and thus you won’t see most bloggers, who are typically parters with Chase, talk about it).

Since the sign up bonuses for both cards are at four year highs now is actually a good time to get “BOTH!” for some people, just don’t forget to re-evaulate their usefulness the moment your second year’s annual fee comes due and don’t let anyone sell you on the value of the cards other than the points, pay yourself back, and travel credits. People who might want to get both:

  • You have an existing relationship with Chase
  • You’re under 5/24
  • You haven’t received a bonus on either card in the last 48 months
  • You will use the sign up bonus, either with Pay-Yourself-Back or travel

The bonuses, because that’s very important, are 80,000 Ultimate Rewards + $50 after spending $4,000 for the Preferred, and 60,000 Ultimate Rewards for spending $4,000 for the Reserve. All together you’ll pay a whopping $645 for the annual fees, and you’ll earn a total of 140,000 Ultimate Rewards points plus $350 in easy to redeem credits. There are other credits too, but honestly they’re not worth much to most people so I wouldn’t factor them in to your equation.

To get both, you’ll do the “Modified Double Dip” (MDD), which is documented by Reddit’s /r/churning. In short:

I wish I could do this, but I can’t because I’m lol/24. If you’re not, consider the above, and right now the sign up bonuses for the Sapphire cards are available via referral, so ask an existing card holder for a referral link and they’ll earn 15,000 Ultimate Rewards for your successful approval. They’ll probably buy you a nice drink too, or maybe pay for a month of your Peleton?

Finally, since it’s probably hard to find, here’s the number for Chase reconsideration: 888-270-2127

The text "The More You Know" in a blue diagonal print with a rainbow and a yellow star trail underneeth.
Don’t count out the MDD.