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Sapphire Reserve 60k, $4,000 spend in 3 months, $550 fee.

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Old Jan 14, 2020, 9:39 am
FlyerTalk Forums Expert How-Tos and Guides
Last edit by: philemer
Use this thread to discuss the Sapphire Reserve card offer.

Application page with bonus offer (60,000 UR after spending $4,000 in 90 days):
https://creditcards.chase.com/rewards-credit-cards/sapphire/reserve?CELL=6TKX


There are separate threads to discuss:

$300 Travel Credit
Priority Pass
Concierge Service
Travel Insurance
Global Entry/TSA PreCheck reimbursement.


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.)

As of August 2018, all Chase Sapphire cards are (with limited exceptions) subject to an additional restriction:
The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months.
See Sapphire (CSR & CSP) 48 months between bonuses, August 2018 for details and ongoing discussion.

50,000 UR points is worth $500 as statement credit, $750 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
(** Note that this no longer seems to work checking on 5/18 - the account number in the secure message header is XXXXXX'd out except for last 4 digits)
(** Also I do not see any recent comments 5/18 on timely shipping or shipping method)

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 five years from the month of approval. So, if you were approved on August 31, 2016, your expiration date will be August 2021.
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.

Authorized User Card:
1. $75 each authorized card each year.
2. Same Priority Pass membership as the main card.
3. Same earning rate on spending. Same fringe benefits as the main card like purchase, car rental and travel insurance etc.
4. No additional Global Entry/TSA credit. Only one credit for the entire account.
5. No additional annual travel credit.

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.

The prior, archived version of this thread can be found here: https://www.flyertalk.com/forum/chase-ultimate-rewards/1814294-chase-sapphire-reserve-csr-50k-ur-benefit-reductions-august-2018-a.html

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Sapphire Reserve 60k, $4,000 spend in 3 months, $550 fee.

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Old Jan 8, 2020, 5:50 am
  #181  
 
Join Date: Dec 2009
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If you downgrade the card, do you get to keep your existing points?? ...and are the points still worth 1.5 cents when you redeem them?? If so, which downgrade card allows for both of those?
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Old Jan 8, 2020, 5:55 am
  #182  
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Originally Posted by pretzlaff
If you downgrade the card, do you get to keep your existing points?? ...and are the points still worth 1.5 cents when you redeem them?? If so, which downgrade card allows for both of those?
You could downgrade to the CSP. The points would be worth 1.25 cents each.
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Old Jan 8, 2020, 5:58 am
  #183  
 
Join Date: Sep 2006
Posts: 524
Are there any ways of indirectly converting UR to Cash at 1.5x? Don't care if all my Chase accounts get shut down, does not need to be above board. I have hundreds of thousands of UR points that I need to liquidate this year and not enough travel to spend it on. Any ideas? Don't love the idea of proactively transferring to airline miles since I don't need the miles anytime soon and we all know how common devaluations are in that world...
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Old Jan 8, 2020, 6:07 am
  #184  
 
Join Date: Jul 2011
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I'm going to wait to see what the changes are, but I'm not a fan of these delivery services (the higher prices & all the fees are the main reason) and I don't use Lyft frequently (plus I use the Uber credits my family gets on the AMEX Platinum where we all have cards). Unless there are changes to the rewards structure, a downgrade may be in order before June for me.
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Old Jan 8, 2020, 6:45 am
  #185  
RNE
 
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Perhaps if this thread's title had [SPECULATION] in it rather than a mere question mark at its end people would stop their apocalyptic posting like this is a done deal. It's not... yet.
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Old Jan 8, 2020, 7:07 am
  #186  
 
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Originally Posted by canadiancow

I had the Uber Pass for a couple months, then it disappeared. Friends in the same city can buy it. I guess I took too much advantage of it.
Interesting, I will ask around to see if others in NYC can still use Uber Pass. I certainly took advantage of it, it was well worth it for me. Right now Lyft Pink has made the average lift ride significantly cheaper than Uber, so I will lean into Lyft pretty hard until that changes. SkyMiles and Hilton points also help. However I don't know if I want to rely on the availability of Lyft Pink to justify a higher annual fee on a credit card - Lyft Pink can go away tomorrow (though I guess Chase may have figured out a way to make sure Lyft Pink sticks around)

Going back on topic, as someone who doesn't use Priority Pass, travel insurance, etc for the CSR, the increase in the fee is a bit of a bummer. I may be just as happy with the CSP. At the end of the day you only need one premium "general" card nowadays. Time to pare back. I'm sure Chase would be fine with some cancellations as the card doesn't make money
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Old Jan 8, 2020, 7:10 am
  #187  
 
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I've held the card since they introduced it in 2016 (so not a churner) and I have overall been pretty happy with it BUT if the fee is increased I will certainly have to reevaluate if I keep the card moving forward. IMHO since the card was introduced, AMEX has upped their game on virtually all of their products including the Green, Gold and Platinum cards. Chase has done nothing to CSR and raising the fee now when AMEX has some great cards out there is a move that has me scratching my head. I got the AMEX Gold card when it was updated and almost all of my dining spend now goes on that card. I've kept the CSR and used it for travel related charges including flights and rental cars. With an increase in annual fee and an addition of the rumored benefits I might just downgrade the CS and move more spend to the AMEX Gold.
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Old Jan 8, 2020, 7:13 am
  #188  
mia
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Moderator explanantion

Originally Posted by RNE
Perhaps if this thread's title had [SPECULATION] in it
I removed the word [Speculation] from the thread title when Chase changed the Sapphire Reserve's published terms to incorporate the higher fee. The details of when the higher fee will apply, and what features will be added or changed, will emerge in due course.

https://www.chase.com/content/feed/p...e/COL00083.pdf
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Old Jan 8, 2020, 7:43 am
  #189  
 
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Doctor of Credit also saying that CSR will offer 10x on Lyft spending until March 2022. If that is the case then this card is a definite keeper and I will be moving all my rideshare spend to Lyft. Would be a huge coup for Lyft too.
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Old Jan 8, 2020, 7:47 am
  #190  
 
Join Date: Jun 2013
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Originally Posted by jags86
If you raise 100% of people’s annual fees by giving 50% of the users and additional benefit you’re likely putting big bucks in your pocket. Makes sense to me.
Not if the 50% of people that don't get the additional benefit cancel the card.

I spend a lot of money on dining, a fair amount on travel, but very little on ride share or meal delivery services so to me this is just $100 increase for a negligible benefit increase most likely. If they offer at least $100 in *yearly* (not a token amount per month, but a credit each year) in Lyft and or Doordash credits then at least I'll break even but as I've said earlier, I liked the simplicity of this card so I'm not happy about this change. From the thread i can tell that there definitely are people that do like it because they use those services a lot but it seems like adding $100 to your fee for something only a subset of your customers care about might not work out well for Chase.
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Last edited by mia; Jan 8, 2020 at 8:24 am Reason: Combine consecutive replies.
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Old Jan 8, 2020, 8:39 am
  #191  
 
Join Date: Mar 2017
Posts: 209
Originally Posted by Adelphos
Doctor of Credit also saying that CSR will offer 10x on Lyft spending until March 2022. If that is the case then this card is a definite keeper and I will be moving all my rideshare spend to Lyft. Would be a huge coup for Lyft too.
10x on Lyft is nice, but I hate these time-limited benefits. I don't like a lot of CC turnover (just don't have the time to keep setting up new accounts), so if the benefit isn't stable, I tend to discount it when determining the value of a high-AF card.
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Old Jan 8, 2020, 8:42 am
  #192  
mia
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Originally Posted by Zeeb
Not if the 50% of people that don't get the additional benefit cancel the card.
Chase knows the price elasticity of credit cards. A 22% price increase will not provoke 50% cancellation. The rational comparison is not Sapphire Reserve 2020 versus Sapphire Reserve 2019, but rather versus current cards from other issuers. Chase is merely following the price changes made by American Express and Citi. The secondary issuers will now also be able to raise the fee for their products in this price tier.

It will be interesting to see if Chase changes their No Retention Bonus policy for Sapphire Reserve once the higher fee is in effect.
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mia is offline  
Old Jan 8, 2020, 8:53 am
  #193  
 
Join Date: Jul 2011
Location: SF Bay Area
Programs: UA MileagePlus (Premier Gold); Hilton HHonors (Gold); Chase Ultimate Rewards; Amex Plat
Posts: 6,680
Originally Posted by openwheelracing
CSR is VISA infinite. The more you spend the more Chase makes. Same situation as AMEX. CSR was not created to generate revenue on interest, maybe CF and CFU. This is not Capital One. You can see this on the financials. $450 AF does not attract interest payers. Bust out schemes are more concerning than making money on interest with CSR.

Let's say I have 20 credit cards, and I sign up for CSR just for SUB and 50% bonus. Yet I put flights on Amex Plat and Citi Prestage, food and grocery on Amex Gold and Cap1 Savor, and everything else on Citi DC. Someone has to pay for that 50% travel bonus, PP steak meals, Korean Airline Lounge, PreCheck, insurance....etc. Fact is churners are not profitable for anyone, except churners. Those who actually generate revenue for Chase will be squeezed if something doesn't change.
The funny thing is, Chase doesn't give me an incentive to put anything except travel and dining on the CSR. If they made the CSR earn 1.5 points/$ on everything not in bonus categories, I'd drop the CFU and use the CSR instead, and Chase would actually make more money.
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Old Jan 8, 2020, 9:06 am
  #194  
mia
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Join Date: Jun 2003
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Originally Posted by STS-134
.... If they made the CSR earn 1.5 points/$ on everything not in bonus categories, I'd drop the CFU and use the CSR instead,
I understand this part....

and Chase would actually make more money.
....but not this part.
mia is offline  
Old Jan 8, 2020, 9:08 am
  #195  
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Join Date: Jul 2003
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Originally Posted by RNE
Perhaps if this thread's title had [SPECULATION] in it rather than a mere question mark at its end people would stop their apocalyptic posting like this is a done deal. It's not... yet.
Wishful thinking.

It is a done deal in case you totally miss the new T&Cs showing up on Chase site.

For all existing card member whose renewal is April and beyond, the fee is $550, FYI.
Happy is offline  


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