Originally Posted by
mymilesandpoints
By comparison, some estimate AMEX Platinum and Centurion members to be 1.3 million in total in 2015 (based on rough estimate on the number of member magazines in circulation that comes with AMEX plat and black). For chase to be at 15% of AMEX's historical target clientele should send shockwaves down AMEX's spine.
The real question of course is how many people who signed up for the CSR will actually stay past the first year, and that's really anybody's guess until Q4 next year. The only people I've met in real life that got the CSR were friends of a friend I happened to be at happy hour with and the two of them, a girl and her boyfriend, both said they planned to redeem for cash back and cancel the card
I think a really large portion of the signups were driven by the 100k bonus and when the prospect of paying another $450 AF rolls along, many people will walk away, especially since you can keep the UR points indefinitely if you downgrade the card, it's not like Citi where they'll disappear after you cancel.