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, 10:01 am
#736
Join Date: Jul 2011
Location: SF Bay Area
Programs: UA MileagePlus (Premier Gold); Hilton HHonors (Gold); Chase Ultimate Rewards; Amex Plat
Posts: 6,679
I wouldn't mind seeing a $4000 AF card that has a $3700 travel credit and earns 5x UR points/$ on travel and dining. I think the "cost" of the card alone would turn away a lot of people, but it's not a true cost because of the travel credit.
Aug 19, 2016, 10:27 am
#737
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,041
I'm all in on the $100K annual fee card with $99,850 in travel "credits" and 25x UR points.
Aug 19, 2016, 10:32 am
#738
Join Date: Apr 2005
Location: SAN
Programs: AA Platinum, Bonvoy Gold, DL Gold
Posts: 1,200
Aug 19, 2016, 10:35 am
#739
Join Date: Dec 2013
Programs: UA 1K, Marriott Platinum Elite, Hyatt Gold, IHG Platinum Elite
Posts: 47
Aug 19, 2016, 10:51 am
#742
Join Date: Jul 2014
Location: LAX
Programs: Hyatt Globalist, AA EXP, Hilton Diamond, Wyndham Diamond, DL PM, Marriott Platinum, IHG Platinum
Posts: 1,305
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...
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...
Regarding AA Exec and also writing off Amex Platinum, I would say it's way too early. Citi and Barclays just signed a new deal with AA and I am expecting some serious benefits to be rolled out soon, including more miles per $ spend, higher EQMs on spending vs. 25% (10K for 40K spending), etc. Right now, DAL has the best CC offering....way better than AA, UA and even better than AS.
Amex can do dozens of things to make sure its users keep spending money.
Overall, I am glad CSR will be launched soon. It would mean Amex and likely Citi would up its game. It is still a vast and open playing field and this could be just the start of the action.
Aug 19, 2016, 11:42 am
#743
Join Date: Jul 2013
Location: DFW,OVB (Russia)
Programs: AA HH Gold SPG Gold BA
Posts: 1,823
Aug 19, 2016, 11:48 am
#744
Join Date: Jul 2013
Location: DFW,OVB (Russia)
Programs: AA HH Gold SPG Gold BA
Posts: 1,823
Aug 19, 2016, 12:05 pm
#745
Join Date: Mar 2013
Location: EWR
Programs: World of Hyatt, Marriott Bonvoy, Hilton Honors, UA Mileage Plus
Posts: 1,255
Assuming you're going to have one of the following: CSP, CSR, or Ink+, the value proposition is pretty clear for CSR.
There is a $55/yr premium in having the CSR vs the others once you consider the travel credit.
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.
There is a $55/yr premium in having the CSR vs the others once you consider the travel credit.
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, 12:08 pm
#746
Join Date: Aug 2011
Programs: SPG gold lifer
Posts: 54
Anyone able to suggest the correct strategy and sequencing of moves for the following?
I have the CSP (and my wife is an authorized user.) I want to get the CSR. Don't have any 5/24 issues etc so should be approved.
I assume correct approach is to apply for CSR instead of upgrading CSP to grab the 100K UR sign up bonus. But then my CSP is useless and has the fee, so I should either cancel it or downgrade into Freedom Unlimited. Assume downgrading is better to keep my AoA up? So do I apply for the CSR first, then downgrade CSP, and then transfer credit line from CSP to CSR? Does that sequencing matter?
Thanks!
I have the CSP (and my wife is an authorized user.) I want to get the CSR. Don't have any 5/24 issues etc so should be approved.
I assume correct approach is to apply for CSR instead of upgrading CSP to grab the 100K UR sign up bonus. But then my CSP is useless and has the fee, so I should either cancel it or downgrade into Freedom Unlimited. Assume downgrading is better to keep my AoA up? So do I apply for the CSR first, then downgrade CSP, and then transfer credit line from CSP to CSR? Does that sequencing matter?
Thanks!
Aug 19, 2016, 12:10 pm
#747
Join Date: Feb 2005
Location: MD/DC
Programs: Hilton Diamond, IHG Platinum, Marriott Titanium, TK Gold
Posts: 1,536
Assuming you're going to have one of the following: CSP, CSR, or Ink+, the value proposition is pretty clear for CSR.
There is a $55/yr premium in having the CSR vs the others once you consider the travel credit.
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.
There is a $55/yr premium in having the CSR vs the others once you consider the travel credit.
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.
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.
Aug 19, 2016, 12:11 pm
#748
Join Date: Feb 2010
Location: ORD
Programs: UA 1K
Posts: 4,217
Anyone able to suggest the correct strategy and sequencing of moves for the following?
I have the CSP (and my wife is an authorized user.) I want to get the CSR. Don't have any 5/24 issues etc so should be approved.
I assume correct approach is to apply for CSR instead of upgrading CSP to grab the 100K UR sign up bonus. But then my CSP is useless and has the fee, so I should either cancel it or downgrade into Freedom Unlimited. Assume downgrading is better to keep my AoA up? So do I apply for the CSR first, then downgrade CSP, and then transfer credit line from CSP to CSR? Does that sequencing matter?
Thanks!
I have the CSP (and my wife is an authorized user.) I want to get the CSR. Don't have any 5/24 issues etc so should be approved.
I assume correct approach is to apply for CSR instead of upgrading CSP to grab the 100K UR sign up bonus. But then my CSP is useless and has the fee, so I should either cancel it or downgrade into Freedom Unlimited. Assume downgrading is better to keep my AoA up? So do I apply for the CSR first, then downgrade CSP, and then transfer credit line from CSP to CSR? Does that sequencing matter?
Thanks!
- App for CSR
- Assuming it goes pending, call customer service to downgrade CSP and transfer over some credit
- Spend away on CSR
Aug 19, 2016, 12:13 pm
#749
Join Date: Jul 2013
Location: DFW,OVB (Russia)
Programs: AA HH Gold SPG Gold BA
Posts: 1,823
Assuming you're going to have one of the following: CSP, CSR, or Ink+, the value proposition is pretty clear for CSR.
There is a $55/yr premium in having the CSR vs the others once you consider the travel credit.
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.
There is a $55/yr premium in having the CSR vs the others once you consider the travel credit.
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.
That's exactly my scenario
Aug 19, 2016, 12:14 pm
#750
Join Date: Feb 2005
Location: MD/DC
Programs: Hilton Diamond, IHG Platinum, Marriott Titanium, TK Gold
Posts: 1,536
Frankly I'm surprised Chase allows it to continue as much as it did. Maybe when this would move from the niche of the Ritz card to the CSR they would crack down harder on it.