{"id":1301,"date":"2021-04-07T05:00:00","date_gmt":"2021-04-07T11:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=1301"},"modified":"2023-04-18T14:37:13","modified_gmt":"2023-04-18T20:37:13","slug":"chase-mdd","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2021\/04\/07\/chase-mdd\/","title":{"rendered":"Chase Modified Double Dip"},"content":{"rendered":"<p class=\"has-ek-indent\" style=\"--ek-indent:40px\">In this hobby, seasoned hackers often poke fun at questions like \u201cShould I get the Chase Sapphire Reserve or Chase Sapphire Preferred?\u201d with the joking answer: \u201cBOTH!\u201d We usually don\u2019t mean it, but sometimes we do. (Say what, Mr. Double Speak?) Well, under certain circumstances, it is possible to get both even though it\u2019s technically not allowed by Chase (and thus you won\u2019t see most bloggers, who are typically parters with Chase, talk about it).<\/p>\n<p class=\"has-ek-indent\" style=\"--ek-indent:40px\">Since the <a aria-label=\"sign up bonuses for both cards (opens in a new tab)\" class=\"ek-link\" href=\"https:\/\/creditcards.chase.com\/a1\/21Q2\/sapphire\/dual\" rel=\"noreferrer noopener\" target=\"_blank\">sign up bonuses for both cards<\/a> are at four year highs now is actually a good time to get \u201cBOTH!\u201d for some people, just don\u2019t forget to re-evaulate their usefulness the moment your second year\u2019s annual fee comes due and don\u2019t 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:<\/p>\n<ul>\n<li>You have an existing relationship with Chase<\/li>\n<li>You\u2019re <a aria-label=\"under 5\/24 (opens in a new tab)\" class=\"ek-link\" href=\"https:\/\/milesearnandburn.com\/index.php\/2021\/02\/09\/lol-24-relief\/\" rel=\"noreferrer noopener\" target=\"_blank\">under 5\/24<\/a><\/li>\n<li>You haven\u2019t received a bonus on either card in the last 48 months<\/li>\n<li>You will use the sign up bonus, either with Pay-Yourself-Back or travel<\/li>\n<\/ul>\n<p class=\"has-ek-indent\" style=\"--ek-indent:40px\">The bonuses, because that\u2019s 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\u2019ll pay a whopping $645 for the annual fees, and you\u2019ll earn a total of 140,000 Ultimate Rewards points plus $350 in easy to redeem credits. There are other credits too, but honestly they\u2019re not worth much to most people so I wouldn\u2019t factor them in to your equation.<\/p>\n<p>To get both, you\u2019ll do the \u201cModified Double Dip\u201d (MDD), which is <a aria-label=\"well documented by Reddit (opens in a new tab)\" class=\"ek-link\" href=\"https:\/\/www.reddit.com\/user\/intervested99\/comments\/bpwv3d\/quick_guide_for_chase_sapphire_reserve_csr_and\/\" rel=\"noreferrer noopener\" target=\"_blank\">documented by Reddit\u2019s \/r\/churning<\/a>. In short:<\/p>\n<ul>\n<li>Meet the above qualifications<\/li>\n<li><a aria-label=\"Apply for the Sapphire Reserve (opens in a new tab)\" class=\"ek-link\" href=\"https:\/\/creditcards.chase.com\/a1\/21Q2\/sapphire\/dual\" rel=\"noreferrer noopener\" target=\"_blank\">Apply for the Sapphire Reserve<\/a> on a Monday or a Tuesday, and get approval (calling recon if necessary)<\/li>\n<li>Lower the credit line to $6,000 by calling Chase<\/li>\n<li><a aria-label=\"Apply for the Sapphire Preferred (opens in a new tab)\" class=\"ek-link\" href=\"https:\/\/creditcards.chase.com\/a1\/21Q2\/sapphire\/dual\" rel=\"noreferrer noopener\" target=\"_blank\">Apply for the Sapphire Preferred<\/a> the day after approval, during Eastern US working hours<\/li>\n<\/ul>\n<p>I wish I could do this, but I can\u2019t because I\u2019m lol\/24. If you\u2019re 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\u2019ll earn 15,000 Ultimate Rewards for your successful approval. They\u2019ll probably buy you a nice drink too, or maybe pay for a month of your Peleton?<\/p>\n<p>Finally, since it\u2019s probably hard to find, here\u2019s the number for Chase reconsideration: 888-270-2127<\/p>\n<div class=\"wp-block-image is-style-editorskit-rounded\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" alt='The text \"The More You Know\" in a blue diagonal print with a rainbow and a yellow star trail underneeth.' class=\"wp-image-1302\" height=\"330\" loading=\"lazy\" sizes=\"auto, (max-width: 420px) 100vw, 420px\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/04\/tmyk.png\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/04\/tmyk.png 420w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2021\/04\/tmyk-300x236.png 300w\" width=\"420\"\/><figcaption>Don\u2019t count out the MDD.<\/figcaption><\/figure>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this hobby, seasoned hackers often poke fun at questions like \u201cShould I get the Chase Sapphire Reserve or Chase Sapphire Preferred?\u201d with the joking<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[54,6],"tags":[],"class_list":["post-1301","post","type-post","status-publish","format-standard","hentry","category-credit-cards","category-quick-hits"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/1301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=1301"}],"version-history":[{"count":8,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/1301\/revisions"}],"predecessor-version":[{"id":7319,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/1301\/revisions\/7319"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=1301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=1301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=1301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}