Aug 15, 2016, 12:49 pm
Last edit by: mia
Discussion continues HERE.
This card is under 5/24. You can override 5/24 by having an in-branch (only! online prequalification does NOT override 5/24) pre-approval, or by already being Chase Private Client (as in you see the "Chase Private Client" text on the login screen of the Chase mobile app.)
Landing page with bonus offer (100,000 UR after spending $4,000 in 90 days) is now live:
https://creditcards.chase.com/credit...04&IS2F=Y71UH0
Application page: https://applynow.chase.com/FlexAppWe...L3P&PROMO=DF01
100,000 UR points is worth $1,000 as statement credit, $1,500 when used for travel through the Chase portal, or potentially more if transferred to a partner.
Card features are here:https://www.chase.com/card-benefits/...reserve/travel. The card's Priority Pass includes unlimited guests.
Schumer box on 8/15/2016:
https://applynow.chase.com/FlexAppWe...g.do?card=FL3P
Chase Sapphire Reserve Ultimate Rewards Program Agreement
https://chaseonline.chase.com/resources/RPA0511_Web.pdf
Chase Sapphire Reserve Guide to Benefits
https://www.chasebenefits.com/sapphirereserve
The purchases made that you receive the $300 travel credit (or $85/$100 trusted traveler program credits) for do count towards the minimum spend, but the annual fee does not.
The card is made of the same material as the CSP, and is being shipped UPS Next Day Air Saver to everyone after production (currently (8/26) appears to have about a 3-day delay after approval before shipping.)
This card is under 5/24. You can override 5/24 by having an in-branch (only! online prequalification does NOT override 5/24) pre-approval, or by already being Chase Private Client (as in you see the "Chase Private Client" text on the login screen of the Chase mobile app.)
Landing page with bonus offer (100,000 UR after spending $4,000 in 90 days) is now live:
https://creditcards.chase.com/credit...04&IS2F=Y71UH0
Application page: https://applynow.chase.com/FlexAppWe...L3P&PROMO=DF01
100,000 UR points is worth $1,000 as statement credit, $1,500 when used for travel through the Chase portal, or potentially more if transferred to a partner.
Card features are here:https://www.chase.com/card-benefits/...reserve/travel. The card's Priority Pass includes unlimited guests.
Schumer box on 8/15/2016:
https://applynow.chase.com/FlexAppWe...g.do?card=FL3P
Chase Sapphire Reserve Ultimate Rewards Program Agreement
https://chaseonline.chase.com/resources/RPA0511_Web.pdf
Chase Sapphire Reserve Guide to Benefits
https://www.chasebenefits.com/sapphirereserve
The purchases made that you receive the $300 travel credit (or $85/$100 trusted traveler program credits) for do count towards the minimum spend, but the annual fee does not.
The card is made of the same material as the CSP, and is being shipped UPS Next Day Air Saver to everyone after production (currently (8/26) appears to have about a 3-day delay after approval before shipping.)
New Chase Sapphire Reserve Card [Pre-release speculation]
Aug 16, 2016, 4:15 am
#451
Join Date: Apr 2002
Posts: 587
5/24 or not, I'm going to apply on 8/21. Best case scenario: I get the card with the 100K offer. Worst case scenario: I waste a hard inquiry and end up upgrading CSP to CSR. Either way, I think it's worth pursuing.
Aug 16, 2016, 5:30 am
#452
Join Date: Jun 2013
Posts: 531
- The strength of the UR program means that I will always hold at least one of the CSP, Ink Plus, or CSR.
- The annual fee for the CSP or Ink Plus is $95
- The annual fee of the CSR is $150 net of the travel credit.
- Use the $100 visa infinite airfare credit just once per year and the annual fee is down to $50.
- 'Nuff said.
Aug 16, 2016, 6:02 am
#453
Join Date: Jul 2003
Location: CT/ Germany - Ich spreche deutsch
Programs: UA 1K, Bonvoy LTTE, HH Dia, HY Expl
Posts: 4,657
I might be a bit slow at times and I am also not impacted by the 5/24 rule BUT why do people seem to think that if this is indeed a Chase policy that they are going to not apply it to this card? (I would think it would be enforced even more strongly due to the 100k UR points sign-up bonus.)
IMHO there will probably be some that can slide in under the rule but the policy is in place for a reason...to put an end to applications for just the sign-up bonus. I can already see all the complaining and moaning that is going to happen in the next week due to applications submitted before the actual feed went live being denied or closed and then the complaining will continue IF they apply the 5/24 rule.
I'm not a chrunner and I currently have 4 Chase cards (CSP, Hyatt, IC and UA...used to have BA but I closed it bc I saw no benefit to it after using the companion deal a couple of years in a row) I was thinking about applying for the Ritz or Freedom Unlimited card a while ago but decided against it. Will definitely apply for this card once it is officially available!
IMHO there will probably be some that can slide in under the rule but the policy is in place for a reason...to put an end to applications for just the sign-up bonus. I can already see all the complaining and moaning that is going to happen in the next week due to applications submitted before the actual feed went live being denied or closed and then the complaining will continue IF they apply the 5/24 rule.
I'm not a chrunner and I currently have 4 Chase cards (CSP, Hyatt, IC and UA...used to have BA but I closed it bc I saw no benefit to it after using the companion deal a couple of years in a row) I was thinking about applying for the Ritz or Freedom Unlimited card a while ago but decided against it. Will definitely apply for this card once it is officially available!
Aug 16, 2016, 7:17 am
#454
Join Date: Aug 2016
Posts: 9
so I just called to get my tracking number
and was told that the card cannot be over nighted because the launch date is on the 21st.
they will overnight it on the launch date
and was told that the card cannot be over nighted because the launch date is on the 21st.
they will overnight it on the launch date
Aug 16, 2016, 7:24 am
#455
Join Date: Mar 2016
Posts: 1
The Freedom Unlimited had a few data points early on that suggested the 5/24, which has applied to chase-brand cards for a while now, was bypassed. This could be done as a way to encourage anyone to apply, or could be a hole in the code that needs to be (or has been -_-) fixed. If you're already over 5/24, hoping the card initially won't have the rule applied is the only hope to get the sign-up, but for some it'll be the only option to get the card (especially if they don't have anything to PC from.
Aug 16, 2016, 7:52 am
#456
Join Date: Jun 2016
Posts: 46
I might be a bit slow at times and I am also not impacted by the 5/24 rule BUT why do people seem to think that if this is indeed a Chase policy that they are going to not apply it to this card? (I would think it would be enforced even more strongly due to the 100k UR points sign-up bonus.)
IMHO there will probably be some that can slide in under the rule but the policy is in place for a reason...to put an end to applications for just the sign-up bonus. I can already see all the complaining and moaning that is going to happen in the next week due to applications submitted before the actual feed went live being denied or closed and then the complaining will continue IF they apply the 5/24 rule.
I'm not a chrunner and I currently have 4 Chase cards (CSP, Hyatt, IC and UA...used to have BA but I closed it bc I saw no benefit to it after using the companion deal a couple of years in a row) I was thinking about applying for the Ritz or Freedom Unlimited card a while ago but decided against it. Will definitely apply for this card once it is officially available!
IMHO there will probably be some that can slide in under the rule but the policy is in place for a reason...to put an end to applications for just the sign-up bonus. I can already see all the complaining and moaning that is going to happen in the next week due to applications submitted before the actual feed went live being denied or closed and then the complaining will continue IF they apply the 5/24 rule.
I'm not a chrunner and I currently have 4 Chase cards (CSP, Hyatt, IC and UA...used to have BA but I closed it bc I saw no benefit to it after using the companion deal a couple of years in a row) I was thinking about applying for the Ritz or Freedom Unlimited card a while ago but decided against it. Will definitely apply for this card once it is officially available!
Chase is a publicly traded company that exists to make profit (or pretend that they're making profit to impress shareholders). This is a niche card at best, from the start, and launching a new product to totally ho-hum numbers might worry some stockholders. I can see there being a grace period at the start, so that those in the know can get the card and boost those preliminary numbers. Realistically, how many people that are willing to pay $450 for a credit card don't already have a Plat, Prestige, etc? Maybe I'm rationalizing to make myself feel better about my chances.
Aug 16, 2016, 8:13 am
#457
Suspended
Join Date: Aug 2005
Location: BOS
Posts: 15,027
I think the new CSR might cannibalize the CSP.
Aug 16, 2016, 8:30 am
#458
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,958
I assume it would, and that Chase will be happy to convert $95 to $450 customers, or even $150 customers if they did their books that way (which they will not).
Aug 16, 2016, 8:39 am
#459
Join Date: Mar 2009
Location: LAX
Posts: 3,267
I dunno...I'm always telling my friends about these cards. Not a single one has ever taken me up on my offer to walk them through the process of getting a $450 AF card (I'll even show them how to MS the minimum spend, and go with them a few times so they don't make a mistake).
The response is the same every time: "Oh...$450. That's a lot."
Followed by me: "But it's not really $450. With the air credit it's $150, and the other benefits are worth $150 at least."
And the response: "But...$450. That's a lot."
The response is the same every time: "Oh...$450. That's a lot."
Followed by me: "But it's not really $450. With the air credit it's $150, and the other benefits are worth $150 at least."
And the response: "But...$450. That's a lot."
Aug 16, 2016, 8:40 am
#460
Join Date: Aug 2011
Programs: many
Posts: 1,437
I say nay. In the larger public, there are far more many who wont be able to look past the higher AF of the CSR, ending any further look into the other benefits. The vast majority travel far too infrequently to value what this community values and puts forth effort on acquiring. Just as its far too much effort involved for the majority to fly at a reduced cost with mileage awards and points. We've all had these conversations with friends, family, coworkers, the glazed look in the eye quickly appears as the picture we try to paint is too cloudy and frankly requires more effort than they feel its worth. The majority prefer things to be as effortless as possible and most IMO desire the legacy hotel/airline cards that drop points directly into their accounts after purchase and payment. Getting them to work through the nuances of transfers to programs, statement credits, and redemption for cashback is quite a step. Chase will keep the CSP intact and the CSR will remain niche except for our small little community of opportunists and Chase private wealth clients.
Aug 16, 2016, 8:45 am
#461
Suspended
Join Date: May 2009
Location: DFW
Programs: AAdvantage Platinum, Hilton HHonors Gold
Posts: 2,863
Aug 16, 2016, 8:46 am
#463
Join Date: Jul 2011
Location: SF Bay Area
Programs: UA MileagePlus (Premier Gold); Hilton HHonors (Gold); Chase Ultimate Rewards; Amex Plat
Posts: 6,680
I dunno...I'm always telling my friends about these cards. Not a single one has ever taken me up on my offer to walk them through the process of getting a $450 AF card (I'll even show them how to MS the minimum spend, and go with them a few times so they don't make a mistake).
The response is the same every time: "Oh...$450. That's a lot."
Followed by me: "But it's not really $450. With the air credit it's $150, and the other benefits are worth $150 at least."
And the response: "But...$450. That's a lot."
The response is the same every time: "Oh...$450. That's a lot."
Followed by me: "But it's not really $450. With the air credit it's $150, and the other benefits are worth $150 at least."
And the response: "But...$450. That's a lot."
"What's the annual fee?"
"$450"
"Oh, never mind."
"But there's a $300 travel credit you can use on airfare, hotels, etc, so the AF is really $150."
"Wait...any plane tickets?"
"Yep"
"Oh...I'll look into it."
Aug 16, 2016, 8:48 am
#464
Join Date: Aug 2011
Programs: many
Posts: 1,437
I dunno...I'm always telling my friends about these cards. Not a single one has ever taken me up on my offer to walk them through the process of getting a $450 AF card (I'll even show them how to MS the minimum spend, and go with them a few times so they don't make a mistake).
The response is the same every time: "Oh...$450. That's a lot."
Followed by me: "But it's not really $450. With the air credit it's $150, and the other benefits are worth $150 at least."
And the response: "But...$450. That's a lot."
The response is the same every time: "Oh...$450. That's a lot."
Followed by me: "But it's not really $450. With the air credit it's $150, and the other benefits are worth $150 at least."
And the response: "But...$450. That's a lot."
Even a $95 card is a stretch.
and churning, zero chance.
Want to see a deer in the headlights and looks of suspicion of a somehow scam? Talk to them about the 5/24 rule, churning, cents per mile valuations. Or simply get them out of their comfort zone, just bring up the conversation of partner airlines.....
I no longer ever bring up the subjects, its simply too "other worldly" to them. Anyway, the back of the plane needs to be filled somehow.
Aug 16, 2016, 8:57 am
#465
Join Date: Nov 2015
Location: Chicago, IL
Posts: 114
I dunno...I'm always telling my friends about these cards. Not a single one has ever taken me up on my offer to walk them through the process of getting a $450 AF card (I'll even show them how to MS the minimum spend, and go with them a few times so they don't make a mistake).
The response is the same every time: "Oh...$450. That's a lot."
Followed by me: "But it's not really $450. With the air credit it's $150, and the other benefits are worth $150 at least."
And the response: "But...$450. That's a lot."
The response is the same every time: "Oh...$450. That's a lot."
Followed by me: "But it's not really $450. With the air credit it's $150, and the other benefits are worth $150 at least."
And the response: "But...$450. That's a lot."
While there is obviously MS and other tricks you can do, even just placing your daily expenses, travel (especially if you travel for business), and dining on a card like the CSR will earn you a good deal of points per year - to be used for free trips. Most people don't really get that though when a high annual fee comes into play.
But on the flip-side, I'm ok with less people having and taking advantage of cards like the CSR, Prestige, etc...hopefully that keeps the benefits around longer for us who do have them, as the cards are for the most part not sustainable long-term for the banks - at least not without reducing/cutting benefits.