Go Back  FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > Chase | Ultimate Rewards
Reload this Page >

New Chase Sapphire Reserve Card [Pre-release speculation]

New Chase Sapphire Reserve Card [Pre-release speculation]

    Hide Wikipost
Old Sep 12, 16, 9:32 am   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: mia
Wiki Link
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.)
Print Wikipost

Old Aug 19, 16, 5:38 am
  #721  
 
Join Date: May 2012
Location: Michigan
Programs: UA Plat Marriott Gold Hyatt Diamond
Posts: 194
Why go through all that work and move them back?
Also good luck finding a JPMorgan advisor willing to waste their time on that.

Originally Posted by STS-134 View Post
If you are over 5/24, it seems like you should be able to in-kind transfer some brokerage assets to Chase, become a CPC, apply, then transfer them back. I haven't heard of Chase ever canceling a card that someone acquired as a CPC, simply because that person ceased to be a CPC...at least not yet. Only annoying thing about that plan: your current brokerage would lose your cost basis information.
Jalen500 is offline  
Old Aug 19, 16, 5:45 am
  #722  
 
Join Date: Feb 2005
Location: MD/DC
Programs: Hilton Gold, PC Ambassador Platinum, Club Carlson Gold, Marriot/SPG Gold, TK Gold
Posts: 1,278
Originally Posted by rgAAFT View Post
I personally think that even FTers who "churn this card" in the strictest sense and "close before year two" are really stupid imo. Yes, you are correct in thinking that most of us likely have plans to extract $300 from this card. Thus, those who wouldn't want to keep CSR at $150 per year vs CSP or ink plus at $95 are really dumb in my opinion and don't deserve to be playing this game
Explain. Why do you see value in this card in year 2?
MD/DC Flyer is offline  
Old Aug 19, 16, 5:59 am
  #723  
 
Join Date: Jul 2014
Location: LAX
Programs: AS 75K, Hilton Diamond, SPG Gold, IHG Platinum
Posts: 1,165
Originally Posted by rgAAFT View Post
I personally think that even FTers who "churn this card" in the strictest sense and "close before year two" are really stupid imo. Yes, you are correct in thinking that most of us likely have plans to extract $300 from this card. Thus, those who wouldn't want to keep CSR at $150 per year vs CSP or ink plus at $95 are really dumb in my opinion and don't deserve to be playing this game
It is true however that this card is still missing that one defining benefit similar to amex centurion lounge access or citi 4th night free hotel, independent of $300 travel credit.. I hope they fix this gap by giving us united club access with this card or hotel status or something...... this is my personal view and analysis
Any hidden Chase marketing execs here, feel free to hire me, as I'm looking for work..😊
Totally disagree. That extra point may just not be worth it for many of us. I am switching my loyalty to DAL or AS next year. In either case, their branded cards are pretty awesome and I will have to put very good spending on DAL cards to get the MQMs.

Also, you can easily get 3x points and more on Amex for airlines spending and more on hotel spending -- I was recently targeted 10,000 MR for spending $500 or more in a single booking via Amex Travel. You start adding these benefits up and all of a sudden that extra point is totally meaningless. I also have hotel loyalty cards for free nights (IHG, Hyatt, Freemont, SPG, Hilton) where I get way more hotel points, so I don't care for the extra point


For Infiniti benefits, I have City Crystal and get the $100 discount that won't be offered with this product, and 12 GoGo passes per AU and $250 airline fee reimbursement per AU and the same car rental insurance coverage that comes with CSR.

For everyday spend, it's hard to beat EDP and for travel insurance, fourth night free, Citi Rewind, restaurants without Amex Offers of restaurant gift cards, I have the Prestige.


Bottom line, people who really know how to optimize spending for points and status will be canceling this card in 12 months or so after getting it.
jediwho is offline  
Old Aug 19, 16, 7:52 am
  #724  
 
Join Date: Jan 2011
Posts: 170
My biggest use for this card: getting it for my wife.

While happy to enjoy miles & points perks I accumulate she jeers at bonus categories; new card applications; keeping track of minimum spends to maximize rewards across cards, etc etc (basically anything involved with this 'hobby').

So, finding 1 card for her wallet to use for all spending that's at least close to maximizing value makes me feel better
ukyank is offline  
Old Aug 19, 16, 7:59 am
  #725  
 
Join Date: Jan 2016
Posts: 263
Originally Posted by ukyank View Post
My biggest use for this card: getting it for my wife.

While happy to enjoy miles & points perks I accumulate she jeers at bonus categories; new card applications; keeping track of minimum spends to maximize rewards across cards, etc etc (basically anything involved with this 'hobby').

So, finding 1 card for her wallet to use for all spending that's at least close to maximizing value makes me feel better
Haha, I'm in the same exact boat. This is the perfect excuse to convince her to get a new card. She's travels much more than me for work, so that 3 points is going to make a huge difference.
Flamenguista is offline  
Old Aug 19, 16, 8:50 am
  #726  
FlyerTalk Evangelist
 
Join Date: Sep 2002
Location: Chicagoland, IL, USA
Programs: WN CP, Hilton Diamond
Posts: 13,191
Originally Posted by Flamenguista View Post
Haha, I'm in the same exact boat. This is the perfect excuse to convince her to get a new card. She's travels much more than me for work, so that 3 points is going to make a huge difference.
Me, too. Impossible to get the wife's head around which card to use, this month, for gas, grocery, etc.

I should just get her $200 Visas and Amazon GCs from Officemax @5x UR for almost everything.
toomanybooks is offline  
Old Aug 19, 16, 9:09 am
  #727  
 
Join Date: Jul 2011
Location: SF Bay Area
Programs: UA MileagePlus (Premier Gold); Hilton HHonors (Gold); Amex Plat
Posts: 1,760
Originally Posted by MNSWEEps View Post
with CPC, isn't your money really sitting idle? any good interest rates on the cash we hold with them?
Assets in a brokerage account count toward your $250k CPC total too, as do actively managed Chase funds (which, let's face it, is what Chase really wants you to do with your money).

Originally Posted by Jalen500 View Post
Why go through all that work and move them back?
Also good luck finding a JPMorgan advisor willing to waste their time on that.
Well presumably you wouldn't tell the advisor your true plans until after you were approved for and received the card.
STS-134 is offline  
Old Aug 19, 16, 9:12 am
  #728  
 
Join Date: Apr 2005
Location: PHX
Programs: Whatever you have, I have too.
Posts: 359
Anyone planning on having themselves and their spouse/partner/significant other apply next week? My husband and I are considering applying at the same time and I'm wondering if other couples are too.
Tpa-flyer is offline  
Old Aug 19, 16, 9:15 am
  #729  
 
Join Date: Apr 2014
Location: DC
Posts: 345
Yes, I plan to do that.
Both are over 5/24, will try to get the card for the both of us if indeed 5/24 does not apply on the first day(s).
After 1st year we'll keep mine (or downgrade to CSP) and dump hers.
mikex163 is offline  
Old Aug 19, 16, 9:19 am
  #730  
 
Join Date: Feb 2013
Programs: Delta Gold, Marriott Plastic, Hyatt Podiatrist (or something), Hilton Plastic, IHG Plastic
Posts: 833
Originally Posted by Tpa-flyer View Post
Anyone planning on having themselves and their spouse/partner/significant other apply next week? My husband and I are considering applying at the same time and I'm wondering if other couples are too.
208,000 (or more) URP * 1 HGP/1 URP * 1 Nght/30,000 HGP = 7 Nights is tempting
highops is offline  
Old Aug 19, 16, 9:23 am
  #731  
 
Join Date: Jul 2013
Programs: SPG Gold/HH Diamond/CC Gold/Hyatt Explorist
Posts: 305
Originally Posted by highops View Post
208,000 (or more) URP * 1 HGP/1 URP * 1 Nght/30,000 HGP = 7 Nights is tempting
7 Nights at a category 7 Hyatt does sound pretty amazing. Especially with Diamond status.
Nehawk is offline  
Old Aug 19, 16, 9:27 am
  #732  
 
Join Date: Apr 2005
Location: PHX
Programs: Whatever you have, I have too.
Posts: 359
Originally Posted by Nehawk View Post
7 Nights at a category 7 Hyatt does sound pretty amazing. Especially with Diamond status.
Precisely!
Tpa-flyer is offline  
Old Aug 19, 16, 9:31 am
  #733  
FlyerTalk Evangelist
 
Join Date: Dec 2003
Location: Oakland, California, USA
Programs: AA PLT,AS,UA PP,J6,FB,EY,LH,SQ,HH Dmd,Hyatt Expl,Marriott Plat,IHG Plat,Accor Gold
Posts: 10,426
Originally Posted by rgAAFT View Post
I personally think that even FTers who "churn this card" in the strictest sense and "close before year two" are really stupid imo. Yes, you are correct in thinking that most of us likely have plans to extract $300 from this card. Thus, those who wouldn't want to keep CSR at $150 per year vs CSP or ink plus at $95 are really dumb in my opinion and don't deserve to be playing this game
It is true however that this card is still missing that one defining benefit similar to amex centurion lounge access or citi 4th night free hotel, independent of $300 travel credit.. I hope they fix this gap by giving us united club access with this card or hotel status or something...... this is my personal view and analysis
Any hidden Chase marketing execs here, feel free to hire me, as I'm looking for work..😊
Originally Posted by jediwho View Post
Totally disagree. That extra point may just not be worth it for many of us. I am switching my loyalty to DAL or AS next year. In either case, their branded cards are pretty awesome and I will have to put very good spending on DAL cards to get the MQMs.

Also, you can easily get 3x points and more on Amex for airlines spending and more on hotel spending -- I was recently targeted 10,000 MR for spending $500 or more in a single booking via Amex Travel. You start adding these benefits up and all of a sudden that extra point is totally meaningless. I also have hotel loyalty cards for free nights (IHG, Hyatt, Freemont, SPG, Hilton) where I get way more hotel points, so I don't care for the extra point


For Infiniti benefits, I have City Crystal and get the $100 discount that won't be offered with this product, and 12 GoGo passes per AU and $250 airline fee reimbursement per AU and the same car rental insurance coverage that comes with CSR.

For everyday spend, it's hard to beat EDP and for travel insurance, fourth night free, Citi Rewind, restaurants without Amex Offers of restaurant gift cards, I have the Prestige.


Bottom line, people who really know how to optimize spending for points and status will be canceling this card in 12 months or so after getting it.
Well, seems like a YMMV type of thing. Personally, I could definitely see keeping it beyond the first year for the $300 travel credit and the 3X spending for travel and dining, especially since the Citi Prestige is losing its AA lounge access perk and UR offers better travel partners for me than TY and Amex. Also, the alternative option of getting the expensive AA Citi card that includes lounge access is going away since Citi is about to limit access to cards within the same affiliate families of cc's (e.g., AA, Hilton) unless you wait for two years (I know I'm not stating it quite correctly, but it's something like that).

Given the $450 price and since Chase is making this an appealing card that's supposed to compete with other high-end cards, I'm hoping that the 5/24 rule will be waived on the theory that lots of folks are like me and will hold onto it. But I should know better than to hope for such favors from the cc gods...
Thunderroad is offline  
Old Aug 19, 16, 9:41 am
  #734  
 
Join Date: Oct 2014
Location: PHL
Posts: 224
Originally Posted by cslovacek View Post
I'm really really wishing/wanting for Chase (or Citibank) to come out with very premium card -- Annual Fee in the $750-$1,000 range, have mind blowing benefits...

Have Chase or Citibank ever studied such a card?
Apparently the answer is yes...
Originally Posted by dlesin View Post
There will be a card tiered above palladium to release same day as CS(R) that will actually require private bank relationship and will not have loophole to allow app through CPC or over the phone as Palladium did. I'm told that will have the features of the speculated Palladium overhaul that never came to be. Will have details this coming week when I get mine.
Ratamacue is offline  
Old Aug 19, 16, 9:48 am
  #735  
 
Join Date: Feb 2008
Location: Dallas, TX
Programs: United MileagePlus, AAdvantage, Southwest Airlines
Posts: 626
Originally Posted by Ratamacue View Post
Apparently the answer is yes...


Most of that sounds what I'd ultimately be looking for, but with one big caveat -- I don't want to have a "business relationship" with Chase other than the credit card. Not into being a Private Client of theirs, etc.

Darn, looks like it would be close to what I'm after though.
cslovacek is offline  

Thread Tools
Search this Thread