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 18, 2016, 3:04 pm
#691
Join Date: May 2013
Posts: 378
I wonder if the Ritz trick of CL reallocation will work on this to offset the annual fee.
Aug 18, 2016, 3:04 pm
#692
Join Date: Jun 1999
Location: NYC/LA
Programs: DL Plat, AA Plat Pro, Marriott Titanium, IHG Diamond Amb
Posts: 7,489
I see people using them all the time. And I am acquainted with a very wealthy family that puts virtually all their spend on their Platinum, at least $1M per year. For that matter I don't even know what they do with their MR points. To my knowledge they've never booked a reward flight.
Aug 18, 2016, 3:18 pm
#693
Join Date: Oct 2007
Location: USA
Programs: UA (1K, 2MM), AA, Avis, National
Posts: 867
This board is not representative of the real world, and the number of people willing to consider an $450 AF card is relatively small. So Chase servers should be OK.
Aug 18, 2016, 3:19 pm
#694
Join Date: Aug 2010
Location: CLT
Programs: AA, UA, BA, Hilton Diamond, Marriott Gold, IHG Platinum
Posts: 2,074
Even if it did, that only applies for the first year. The CARD Act prevents the issuer from charging more than 25% of the credit limit in non-penalty fees within the first year of opening.
Aug 18, 2016, 3:21 pm
#696
Join Date: Jul 2016
Posts: 141
When I applied for the CSP a month ago, the public signup bonus was 50k points. But because I was a Chase Private Client (CPC), they gave me an extra 10k, i.e. 60k points.
Do you think we'll see a similar CPC benefit for the Reserve? Maybe 120k points for CPCs?
When Chase previously offered 100k bonuses, did they ever give an extra benefit for CPCs?
I guess I'll find out soon, but just curious...
Do you think we'll see a similar CPC benefit for the Reserve? Maybe 120k points for CPCs?
When Chase previously offered 100k bonuses, did they ever give an extra benefit for CPCs?
I guess I'll find out soon, but just curious...
Aug 18, 2016, 3:30 pm
#697
Join Date: Sep 2013
Location: SAN
Programs: AS MVPG, UA Silver, Marriott + SPG Gold, Global Entry
Posts: 302
Aug 18, 2016, 3:37 pm
#699
Join Date: Sep 2015
Posts: 205
I've booked dozens of flights through the UR portal and they've always accrued elite qualifying miles, on AS and UA.
As far as the value per mile, this can be endlessly debated but my point of view is that you only derive value when you use miles instead of cash that you would have paid otherwise. Said another way, I would never buy a $7,000 international business fare with cash, so even if I use miles for that, it is disingenuous for me to calculate the value of those miles using $7000 as the numerator.
As far as the value per mile, this can be endlessly debated but my point of view is that you only derive value when you use miles instead of cash that you would have paid otherwise. Said another way, I would never buy a $7,000 international business fare with cash, so even if I use miles for that, it is disingenuous for me to calculate the value of those miles using $7000 as the numerator.
For the occasionally international trip I earn lots of Alaska miles by flying. My experience has been that the flight cost on the UR portal is the same for Alaska flights and that I have no trouble having them be treated as paid flights for earning and upgrades. I currently use my Prestige card for dining because of the double points and 1.33 redemption value but if I can get the Reserve, I will switch to using that for dining and probably a lot of other spend to.
I may or may not keep the Prestige after the devaluation goes into effect. I do use the fourth night free sometimes so it would be only if I would use it for that.
Aug 18, 2016, 3:59 pm
#700
Join Date: Sep 2013
Location: SAN
Programs: AS MVPG, UA Silver, Marriott + SPG Gold, Global Entry
Posts: 302
In my head I'm trying to justify both sides of this equation.
On one side, perhaps the'd like to waive 5/24 for the first week to lure additional cardholders who're willing to pay the annual fee and to get their application numbers up. But on the other hand, many of these people are churning flyertalk members who would get the card for the points, make good use of the $300 fee credit and then cancel before year 2.
I can see a reasonably solid case for both sides, but a firmer case for them keeping the 5/24 in place as they just finished rolling it out, it seems silly of them not to use it.
Thoughts?
On one side, perhaps the'd like to waive 5/24 for the first week to lure additional cardholders who're willing to pay the annual fee and to get their application numbers up. But on the other hand, many of these people are churning flyertalk members who would get the card for the points, make good use of the $300 fee credit and then cancel before year 2.
I can see a reasonably solid case for both sides, but a firmer case for them keeping the 5/24 in place as they just finished rolling it out, it seems silly of them not to use it.
Thoughts?
Aug 18, 2016, 4:01 pm
#701
Join Date: Feb 2010
Location: ORD
Programs: UA 1K
Posts: 4,220
In my head I'm trying to justify both sides of this equation.
On one side, perhaps the'd like to waive 5/24 for the first week to lure additional cardholders who're willing to pay the annual fee and to get their application numbers up. But on the other hand, many of these people are churning flyertalk members who would get the card for the points, make good use of the $300 fee credit and then cancel before year 2.
I can see a reasonably solid case for both sides, but a firmer case for them keeping the 5/24 in place as they just finished rolling it out, it seems silly of them not to use it.
Thoughts?
On one side, perhaps the'd like to waive 5/24 for the first week to lure additional cardholders who're willing to pay the annual fee and to get their application numbers up. But on the other hand, many of these people are churning flyertalk members who would get the card for the points, make good use of the $300 fee credit and then cancel before year 2.
I can see a reasonably solid case for both sides, but a firmer case for them keeping the 5/24 in place as they just finished rolling it out, it seems silly of them not to use it.
Thoughts?
Aug 18, 2016, 4:32 pm
#702
Join Date: Oct 2010
Location: Santa Barbara, CA
Posts: 1,277
Yeah. The landing page was the developer site, but the application itself was Chase. I wonder how they decide which cards are 5/24 and which are not, and if it's the default when they add a new card, or if it has to be turned off.
Aug 18, 2016, 5:29 pm
#703
Join Date: Jun 2013
Posts: 531
United was flipped on shortly before they came out with the 70K+ bonuses earlier this year. And a few holdout cobrand cards still don't follow 5/24.
Aug 18, 2016, 6:09 pm
#704
Join Date: Apr 2002
Posts: 587
I wonder when Chase "flips the switch" of 5/24 for new products. I'm planning to apply after waiting for a few data points this Sunday morning.
Aug 18, 2016, 6:10 pm
#705
Join Date: Mar 2009
Location: LAX
Posts: 3,267
What if they switch it off, then on, then off, then on again, just to mess with us? 