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New Chase Sapphire Reserve Card [Pre-release speculation]

New Chase Sapphire Reserve Card [Pre-release speculation]

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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
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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.)
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Old Aug 19, 16, 12:45 pm
  #751  
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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?
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Old Aug 19, 16, 12:48 pm
  #752  
 
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Originally Posted by Dieuwer View Post
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?
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.
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Old Aug 19, 16, 12:48 pm
  #753  
 
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Originally Posted by Dieuwer View Post
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?
Obviously because you are going to have people who won't (or forget to) take advantage of the $300 travel credit.
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Old Aug 19, 16, 12:48 pm
  #754  
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Originally Posted by Dieuwer View Post
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?
Yes, because not everyone will use the $300 credit.
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Old Aug 19, 16, 12:50 pm
  #755  
 
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Originally Posted by Dieuwer View Post
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?
Of course - you actually have to use the card to get it back, which is a free loan (as short term at it be) of $300 to the bank, plus the commission fee they'll get from using the card, plus the behavioral inducing strategy of having you using the card.

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.
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Old Aug 19, 16, 1:07 pm
  #756  
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Originally Posted by MD/DC Flyer View Post
Again, most of the world does not live on this board and does not make calculation on how to maximize the benefits.
Which keeps surprising me. How can you just apply for a card and not know the terms? And not be mindful of the $300 credit?
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Old Aug 19, 16, 1:11 pm
  #757  
 
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Originally Posted by Dieuwer View Post
Which keeps surprising me. How can you just apply for a card and not know the terms? And not be mindful of the $300 credit?
Never underestimate people's laziness.
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Old Aug 19, 16, 1:11 pm
  #758  
 
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Originally Posted by Dieuwer View Post
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?
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.
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Old Aug 19, 16, 1:12 pm
  #759  
 
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Originally Posted by United747 View Post
I'm going to downgrade mine. I'll probably have to transfer credit too. Here's my sequence:
  1. App for CSR
  2. Assuming it goes pending, call customer service to downgrade CSP and transfer over some credit
  3. Spend away on CSR
Thats my strategy too :-) cos I want to avoid the AF for my CSP next year.
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Old Aug 19, 16, 1:41 pm
  #760  
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Originally Posted by Dieuwer View Post
Which keeps surprising me. How can you just apply for a card and not know the terms? And not be mindful of the $300 credit?
Originally Posted by Statman View Post
Never underestimate people's laziness.
or never underestimate how much FT does not represent the masses. I know several people w/ AMEX Plat's who have NO IDEA about the perks!
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Old Aug 19, 16, 1:43 pm
  #761  
 
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Originally Posted by MD/DC Flyer View Post
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.
Of course--Everyone must do their own calculations for their own particular needs and spend.

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.
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Old Aug 19, 16, 1:48 pm
  #762  
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Originally Posted by jags86 View Post
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.
Where does the $4583 come from?
Last year I spend $17,956.12 with my CSP...
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Old Aug 19, 16, 1:51 pm
  #763  
 
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Originally Posted by rgAAFT View Post
Just what I said, it's not that complicated......
But I guess different people have varying degrees of moral thresholds, and will see different value proposition for the same product................
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.
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Old Aug 19, 16, 1:51 pm
  #764  
 
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Originally Posted by jags86 View Post
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.
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!
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Old Aug 19, 16, 1:54 pm
  #765  
 
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Originally Posted by UpAt40k View Post
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!
URs will be worth 1.5 cents each when redeeming for flights via Chase's travel portal versus 1.25 currently, therefore the value of all URs goes up (assuming you use that as a redemption method).
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