Originally Posted by
pvrMM3
Thus one analyst said he believes the number of sapphire reserve "has been reduced by 25% or more since the announcement, through either downgrades to other Chase cards or cancelations."
hmmm where did you see this? not on a fan of the csr changes too, but this number seems plucked out of the thin air
1) the new csr has been out for around 4 months. assuming that the renewals are evenly spreaded out in a year, that is only 25% of the existing holders who may cancel or downgrade their csr
2) for existing holder, the main negative is the loss of 3x for certain types of travel spend, but with the overwhelming majority of holders' af still $550 (since only those who renew after oct 26 is at the higher af and it has only been a week), the $300 travel credit intact, a ton of new credits, and the 1.5x grandfathered until oct 2027, i dont see that many existing holders rushing to cancel/downgrade their card
3) there has been quite a lot of sign ups for the enhanced SUB, which will replace any cancellation/downgrade