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 19, 2016, 12:45 pm
#751
Suspended
Join Date: Aug 2005
Location: BOS
Posts: 15,027
From Chase's point of view, a card with a $450 AF and $300 credit is better for their bottom line than a straight $150 AF card?
Aug 19, 2016, 12:48 pm
#752
formerly known as s2kdriver80
Join Date: Nov 2014
Location: Long Island, New York, USA (JFK <--> OTP)
Programs: Delta SkyMiles, SPG, Marriott Rewards, Amex MR, Chase UR
Posts: 317
Not everyone will use or remember to use the $300 credit. Kinda like how you have to annoyingly activate the 5x categories for the Freedom, hoping you'll forget, when they could enroll you automatically.
Aug 19, 2016, 12:50 pm
#755
Join Date: Feb 2005
Location: MD/DC
Programs: Hilton Diamond, IHG Platinum, Marriott Titanium, TK Gold
Posts: 1,536
On other cards it is also the difficulty of using the benefit (although it should be very easy on this one). Again, most of the world does not live on this board and does not make calculation on how to maximize the benefits.
Aug 19, 2016, 1:11 pm
#758
Join Date: Jul 2011
Location: SF Bay Area
Programs: UA MileagePlus (Premier Gold); Hilton HHonors (Gold); Chase Ultimate Rewards; Amex Plat
Posts: 6,680
They're counting on everyone not actually using the credit and being able to take the extra money as pure profit. It's like how manufacturers require you to actually send in for a rebate after buying a product as opposed to just giving an instant rebate at the point of sale; some people inevitably forget to do it.
Aug 19, 2016, 1:12 pm
#759
Join Date: Dec 2004
Location: Los Angeles California
Posts: 1,395
Thats my strategy too :-) cos I want to avoid the AF for my CSP next year.
Aug 19, 2016, 1:41 pm
#760
Join Date: Nov 2009
Location: 6km East of EPAYE
Programs: UA Silver, AA Platinum, AS & DL GM Marriott TE, Hilton Gold
Posts: 9,582
Aug 19, 2016, 1:43 pm
#761
Join Date: Mar 2013
Location: EWR
Programs: World of Hyatt, Marriott Bonvoy, Hilton Honors, UA Mileage Plus
Posts: 1,255
I have no problem with that explanation which is based on facts and assumptions that one can consider. But again it is only "pretty clear" based on your assumptions of spend. Nothing wrong with that of course, and it will work for a lot of people, under the same assumption - but it is far from universal truth.
I have a problem when someone has an "opinion" that is not based on any supporting facts or any assumptions.
Nothing is "better" or "worse" without knowing the comparison and what was the matrix used to make that determination.
I have a problem when someone has an "opinion" that is not based on any supporting facts or any assumptions.
Nothing is "better" or "worse" without knowing the comparison and what was the matrix used to make that determination.
If the CSP is your current main card and you put all of your travel restaurant spend on it, you only need to spend a total of $4583/yr on travel and restaurants for it to break even. I would guess most people on this board are spending $4500/yr on travel and restaurants but I could be wrong.
I hypothesize anyone who finds it worthwhile to pay the $95 annual fee for the CSP will make out better paying $450 for the CSR.
Aug 19, 2016, 1:48 pm
#762
Suspended
Join Date: Aug 2005
Location: BOS
Posts: 15,027
If the CSP is your current main card and you put all of your travel restaurant spend on it, you only need to spend a total of $4583/yr on travel and restaurants for it to break even. I would guess most people on this board are spending $4500/yr on travel and restaurants but I could be wrong.
I hypothesize anyone who finds it worthwhile to pay the $95 annual fee for the CSP will make out better paying $450 for the CSR.
I hypothesize anyone who finds it worthwhile to pay the $95 annual fee for the CSP will make out better paying $450 for the CSR.
Last year I spend $17,956.12 with my CSP...
Aug 19, 2016, 1:51 pm
#763
Join Date: Jul 2014
Location: LAX
Programs: Hyatt Globalist, AA EXP, Hilton Diamond, Wyndham Diamond, DL PM, Marriott Platinum, IHG Platinum
Posts: 1,305
Moral threshold? Not sure what you mean by that. Can you tell us whether you are implying that someone who cancels the card in YR 2 has a lower moral threshold? Just trying to understand what you mean by degree of moral thresholds in this context.
Aug 19, 2016, 1:51 pm
#764
Join Date: Sep 2013
Location: SAN
Programs: AS MVPG, UA Silver, Marriott + SPG Gold, Global Entry
Posts: 302
That $55 premium turns your 1.5x FU from a 1.875% cash back card into a 2.25% cash back card via its 50% bonus. If you have $15000/yr of unbonused spend and occasionally use cash for points with UR (which at 1.5 cpp is a serious option now) then it pays to have the CSR over the others.
Aug 19, 2016, 1:54 pm
#765
Join Date: Apr 2005
Location: SAN
Programs: AA Platinum, Bonvoy Gold, DL Gold
Posts: 1,200
Please excuse by naivety, but I don't understand how having the CSR changes the value prop of having the Freedom Unlimited. I understand that you need a premium card in order to transfer the points from the freedom cards to an airline, but if you already had the CSP, how does adding the CSR into the mix affect this? Not questioning you, just genuinely curious!