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Chase Sapphire Reserve (100,000 points, $4,000 spend, 3 months)

Chase Sapphire Reserve (100,000 points, $4,000 spend, 3 months)

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Old Jan 22, 17, 3:09 am   -   Wikipost
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New Chase Sapphire Reserve Card [Pre-release speculation]

Chase Sapphire Reserve [Initial application frenzy]


This card is subject to Chase's 5/24 policy. For information on (and discussion of) the policy, see Applying for Chase Credit Cards, 2017 onward.

You can override 5/24 by having an in-branch pre-approval (only! online prequalification does NOT override 5/24), 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):

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. [Verified in Post #2635] Also verified by Chase

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 card is made of the same material as the CSP, and is being shipped UPS Next Day Air.

How to determine your account number, expiration date, and shipping date before receiving the card
1. Send a secure message (SM) from the account. A common SM would be to ask about the sign-up bonus and last day to complete the spend requirement (which appears to be approximately 3.5 months from the date of approval).
2. Check the Sent Messages folder, and the full account number will be listed in the header of the message that you just sent. The number starts with 414720.
3. The expiration date is three years from the month of approval. So, if you were approved on August 31, 2016, your expiration date will be August 2019.
4. CVV2 number is not available, so if a merchant requires it for payment, you must wait for the physical card.
5. According to many reports, the card is not activated until it is shipped, which happens to be via UPS Next Day Air Saver (if shipped on Friday, you will not receive the card until Monday or the next business day). To find out when it is shipped, go to My UPS and sign up for a free account. You'll be notified when a shipment is destined for your address.
6. Contrary to what the customer service rep may tell you about the delivery of the card—such as the card will take 1-2 weeks or that expedited shipping is not available—the card is actually expedited and shipped via express shipping, as mentioned in #5. There is no need to ask for expedited shipping.

Priority Pass Select
Click HERE to read the separate thread discussing this benefit.
As soon as the account shows up online:
1. Click on Go To Ultimate Rewards.
2. Scroll down to the very bottom left and click on "Card Benefits"
3. Activate Membership to request card.
4. Card will take 1-2 weeks and can't be expedited, but members have reported success in charging the lounge access to the card and requesting a refund from Customer Service.
5. PP cards will be issued for the account holder and any AU(s)
6. According to Chase, CSR's PP membership includes guest access.

Duplicate Card
1. If you receive the plastic card, wait for the metal card to arrive automatically.
2. If you receive the metal card, send SM or call to request plastic card (for use with overseas merchants that require a card imprint, because you hate metal cards, whatever).
3. DO NOT request a replacement card (especially under any pretense that the card was lost or misplaced).
4. Both cards will have the same number, expiration and CVV. Both cards will work.
5. It appears that all CSR cards are sent overnight once produced, including the plastic 'replacement' cards. No need to request expedited shipping.

How to get bonus points on the first statement
Act very quickly; you may have less than a week. It depends on the timing of your first statement and when you receive the card. 4K in spending has to clear (not pending) about a week before the statement cuts in order to get the bonus points on that statement. Under "account details" you can see your first payment due date. Your closing date is usually three calendar days after your due date. For instance, if your very first bill is due October 20 that statement would close on September 23, and spending would have to clear by approximately September 16 in order to get the bonus points.
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Old Sep 22, 16, 12:35 pm
  #1  
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Join Date: Jul 2016
Posts: 379
Chase Sapphire Reserve (100,000 points, $4,000 spend, 3 months)

THE CARD HAS MADE THE COVER STORY ON BLOOMBERG BUSINESS WEEK
http://www.bloomberg.com/news/featur...t-card-junkies
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Old Sep 22, 16, 12:55 pm
  #2  
 
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Originally Posted by edealinfo12345 View Post
THE CARD HAS MADE THE COVER STORY ON BLOOMBERG BUSINESS WEEK
http://www.bloomberg.com/news/featur...t-card-junkies
Not sure how I'll go to sleep at night now...

https://assets.bwbx.io/images/users/.../-999x-999.gif

Last edited by roundtree; Sep 22, 16 at 2:52 pm Reason: Replaced large, animated images with link
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Old Sep 22, 16, 1:19 pm
  #3  
 
Join Date: Jun 2012
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During that time, Chase burned through its inventory of metal cards—a stock that was supposed to last 10 to 12 months.
crazy right? chase underestimated the demand

will they keep 100k signup forever or cut it? hmmm
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Old Sep 22, 16, 1:23 pm
  #4  
 
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Oh no! Now more ppl will sign up!

Here comes devalued points
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Old Sep 22, 16, 1:25 pm
  #5  
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Originally Posted by paperwastage View Post
crazy right? chase underestimated the demand

will they keep 100k signup forever or cut it? hmmm
Why would they cut the bonus? That would completely upset their "secret sauce" that is currently driving tens of thousands to sign up for it. They have also got all this free publicity and "adoration" with $0 spent on advertising. If they cut the bonus, it would be a game changer in the opposite direction.

100K points breach a psychological threshold. Chase knows that. Move it to 90K and the pendulum begins to swing (negatively) in the opposite direction.
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Old Sep 22, 16, 1:28 pm
  #6  
 
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Originally Posted by paperwastage View Post
will they keep 100k signup forever or cut it? hmmm
Or enforce offer terms.


Originally Posted by edealinfo12345 View Post
Why would they cut the bonus? That would completely upset their "secret sauce" that is currently driving tens of thousands to sign up for it. They have also got all this free publicity and "adoration" with $0 spent on advertising. If they cut the bonus, it would be a game changer in the opposite direction.

100K points breach a psychological threshold. Chase knows that. Move it to 90K and the pendulum begins to swing (negatively) in the opposite direction.
Agree..more likely to enforce offer terms.
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Old Sep 22, 16, 1:35 pm
  #7  
 
Join Date: Feb 2012
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Maybe Chase will go the way of AMEX and punish MS activities (like the AMEX 100K leaked Platinum offer).
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Old Sep 22, 16, 1:50 pm
  #8  
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Originally Posted by yOyOYoo View Post
Maybe Chase will go the way of AMEX and punish MS activities (like the AMEX 100K leaked Platinum offer).
the link to the leaked 100K platinum offer?
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Old Sep 22, 16, 1:54 pm
  #9  
 
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Originally Posted by yOyOYoo View Post
Maybe Chase will go the way of AMEX and punish MS activities (like the AMEX 100K leaked Platinum offer).
I think so...there is no better card to churn or abuse than the Reserve.


Originally Posted by edealinfo12345 View Post
the link to the leaked 100K platinum offer?
Link's dead but here's the thread: http://www.flyertalk.com/forum/ameri...-plat-usa.html
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Old Sep 22, 16, 1:56 pm
  #10  
 
Join Date: Jul 2011
Location: SF Bay Area
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Originally Posted by edealinfo12345 View Post
THE CARD HAS MADE THE COVER STORY ON BLOOMBERG BUSINESS WEEK
http://www.bloomberg.com/news/featur...t-card-junkies
This image from the article says it all:



Chase has blown by Amex in charge volume. It's not hard to see why: Amex doesn't really try to get me to use my Platinum card. It offers a lame 1 MR point per dollar on everything except for special offers, and each point is worth, at most, about 1 cent. So I pretty much only use the thing for special offers.
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Old Sep 22, 16, 2:01 pm
  #11  
mia
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Originally Posted by paperwastage View Post
will they keep 100k signup forever or cut it?
Nothing is forever. Chase is trying to replicate the buzz surrounding the introduction of the refreshed British Airways VISA in 2009. In that case Chase was able to get press coverage before the card launched. The Flyertalk thread is HERE.

Chase has bungled the Reserve rollout. They launched three new cards simultaneously (Reserve, JPM Reserve and refreshed Ritz Carlton). All three are made of non-standard materials, and now they don't have enough to fill the orders. (Underestimating demand sounds like a nice problem to have, but this is a serious error.) Chase also bundled Priority Pass with all three of these cards, Collinson cannot ship the membership cards timely, and Chase inexplicably opted out of the electronic version which would have made this much less important. Another misjudgement.

Is this offer a good deal for us? Absolutely, $450 fee with $600 rebate and 100,000 points ^. Is it a success for Chase? They won't know until renewal time in August 2017.
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Old Sep 22, 16, 2:21 pm
  #12  
 
Join Date: Sep 2015
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Originally Posted by mia View Post
Is it a success for Chase? They won't know until renewal time in August 2017.
I'm guessing it will be a success...the number of card holders that don't utilize $150 in benefits or carry a balance is >>>>> than the number of card holders that cancel before renewal time.
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Old Sep 22, 16, 2:26 pm
  #13  
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Originally Posted by STS-134 View Post
Amex doesn't really try to get me to use my Platinum card. It offers a lame 1 MR point per dollar on everything except for special offers, and each point is worth, at most, about 1 cent. So I pretty much only use the thing for special offers.
Which is why I've never bothered with the Amex Platinum card. The no-AF Everyday card gives 2.4 MR points per dollar on groceries and 1.2 MR points per dollar on everything else (not factoring in special offers) if you make 20 purchases per billing cycle, and the $95 AF Everyday Preferred card gives 4.5 MR points per dollar on groceries, 3 MR points on gas, and 1.5 MR points per dollar on everything else (not factoring in special offers) if you make 30 purchases per billing cycle. I can't think of any higher-AF Amex card that comes close, let alone surpassing that, for most categories.

It's ironic that the best earning on most stuff with Amex is on lower-priced cards. (As is the case with Chase, though not to such an extreme degree perhaps, with Freedom rotating 5x with no AF and Freedom Unlimited always 1.5x with no AF and maybe throwing in $95 AF Ink for some more categories.)

And before you mention that you need higher-cost cards at both Amex and Chase for the travel category, yes, perhaps there, but Citi has the $95 AF TYP Premier which has 3x on "a broader definition of travel" plus 2x on dining and entertainment. So if you don't find the weirdnesses of the TYP program (mostly foreign partners, points evaporate 60 days after card cancellation even if transferred to another card, etc), you can get most categories into higher transferrable-point earning for $95 AF or less per card in one program or another.

Last edited by sdsearch; Sep 22, 16 at 2:31 pm
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Old Sep 22, 16, 2:59 pm
  #14  
 
Join Date: Jul 2016
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Originally Posted by mia View Post
Nothing is forever.
No question, the offer should end at some point. It would be unprecedented to keep that offer available to all comers. I would think there may be targeted offers floating out there, but nothing available 24/7/365.

Originally Posted by mia View Post
Chase has bungled the Reserve rollout. They launched three new cards simultaneously (Reserve, JPM Reserve and refreshed Ritz Carlton). All three are made of non-standard materials, and now they don't have enough to fill the orders. (Underestimating demand sounds like a nice problem to have, but this is a serious error.) Chase also bundled Priority Pass with all three of these cards, Collinson cannot ship the membership cards timely, and Chase inexplicably opted out of the electronic version which would have made this much less important. Another misjudgement.
In part, Chase could have really stuck it to Amex and Citi if they had executed everything 100%. Still, I think you don't acknowledge just how much good pub this has given Chase in the mainstream, compared to all of us whiners here on FT (me especially) fretting about whether we'll get approved and when the card will get here. It may be flawed, but the net result will be huge for Chase, IMO.

Originally Posted by mia View Post
Is this offer a good deal for us? Absolutely, $450 fee with $600 rebate and 100,000 points ^. Is it a success for Chase? They won't know until renewal time in August 2017.
I think they can already tell, if people are rotating any balances to chase the 100k bonus. They'll know far in the advance. Any amount of bonus and benefits has to pale in comparison to the interest paid to Chase. I certainly hope so, given that I don't want the card to be nerfed in the near future.
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Old Sep 22, 16, 3:41 pm
  #15  
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Originally Posted by roundtree View Post
No question, the offer should end at some point. It would be unprecedented to keep that offer available to all comers. I would think there may be targeted offers floating out there, but nothing available 24/7/365.
So, in your opinion, when will the 24/7/365 offer end?
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