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Sapphire Reserve higher annual fee ($550) with Lyft & Doordash benefits.

Sapphire Reserve higher annual fee ($550) with Lyft & Doordash benefits.

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Old Jan 14, 20, 1:46 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: StartinSanDiego
Wiki Link
Use this thread to discuss the Sapphire Reserve card offer.

Application page with bonus offer (50,000 UR after spending $4,000 in 90 days):
https://creditcards.chase.com/reward...erve?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.

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/chas...st-2018-a.html
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Old Jan 14, 20, 3:01 pm
  #481  
 
Join Date: Oct 2014
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Originally Posted by jamesteroh View Post
Lyft benefit really only helps business travelers in big cities who would be taking frequent airport trips or using lyft on a regular basis. I wish they would give a monthly lyft credit instead like Am Ex does with Uber.
Monthly credit is the most customer-unfriendly way to offer it.

Some months I don't use it at all, so the credit would be wasted. Some months I have 8 airport rides... why would I not want a 15% discount on every one?
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Old Jan 14, 20, 3:05 pm
  #482  
 
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Originally Posted by Adelphos View Post
https://help.lyft.com/hc/en-us/artic...8-af2bec97eba5

"In addition to these card benefits, Chase Sapphire Reserve and J.P. Morgan Reserve card members are eligible for one free year of Lyft Pink. This benefit is only available for one Lyft account per credit card account.

...

After your free year of Lyft Pink has ended, you can opt in for monthly billing at the rate in effect at that time (currently $19.99/month). You will not be enrolled automatically."

This does beg the question whether a cardholder can activate Lyft Pink right before his annual fee hits, cancel the downgrade or cancel the card, then continue to benefit from the free year of Lyft Pink.
I stand correct and made a mistake of signing on too early,

I do find it interesting that I did not received any official notice from Chase on the changes.
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Old Jan 14, 20, 4:06 pm
  #483  
mia
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Originally Posted by MD/DC Flyer View Post
I do find it interesting that I did not received any official notice from Chase on the changes.
I expect the notice will come a bit later. A soft launch allows engaged cardholders to enroll without overwhelming the servers as happens if everyone receives an email or letter or postcard in the same week.
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Old Jan 14, 20, 5:48 pm
  #484  
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Originally Posted by mia View Post
I expect the notice will come a bit later. A soft launch allows engaged cardholders to enroll without overwhelming the servers as happens if everyone receives an email or letter or postcard in the same week.
On that note, I just got an email about the DoorDash benefit on my Freedom card. I suspect whatever soft launch Chase did is pretty much done now.
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Old Jan 14, 20, 9:10 pm
  #485  
 
Join Date: Jan 2003
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Originally Posted by tmiw View Post
On that note, I just got an email about the DoorDash benefit on my Freedom card.
You made me look! I thought hey... Freedom and Freedom Unlimited get them too? 3x $60 I am going to feast! But they only get the 3 month free Dashpass boo....
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Old Jan 15, 20, 7:20 pm
  #486  
 
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FWIW, on a route that I usually take where Uber and Lyft were basically the same price, Lyft is showing a $3 pre-discount price premium to Uber... With the a Lyft Pink “discount,” Lyft is $1 cheaper, but this illustrates how a 15% discount may not really be 15% most of the time
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Old Jan 15, 20, 9:16 pm
  #487  
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I don't think anyone was claiming it was a 15% discount over all alternatives always.
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Old Yesterday, 1:38 am
  #488  
 
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Originally Posted by Adelphos View Post
This does beg the question whether a cardholder can activate Lyft Pink right before his annual fee hits, cancel the downgrade or cancel the card, then continue to benefit from the free year of Lyft Pink.
From the FAQs by Lyft:

When you delete your card, your Lyft Pink benefits will end. Once you re-add your card, your benefits will resume. However, the benefit will have the original expiration date from when it was first activated.

https://www.lyft.com/chase?utm_mediu...view=false#faq

So I'm going to guess that's a no.
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Old Yesterday, 8:10 am
  #489  
 
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Originally Posted by Adelphos View Post
FWIW, on a route that I usually take where Uber and Lyft were basically the same price, Lyft is showing a $3 pre-discount price premium to Uber... With the a Lyft Pink “discount,” Lyft is $1 cheaper, but this illustrates how a 15% discount may not really be 15% most of the time
Originally Posted by Zorak View Post
I don't think anyone was claiming it was a 15% discount over all alternatives always.
Adelphos is saying that the Pink "discount" is not even really 15% over regular Lyft.
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Old Yesterday, 10:32 am
  #490  
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Originally Posted by pallhedge View Post
Adelphos is saying that the Pink "discount" is not even really 15% over regular Lyft.
That's definitely true. I was once given a 15% off for a week as part of a promotion. They ended up bumping up my prices 15% so that the final price was the same as Uber.

So far with Lyft Pink, I haven't seen this behavior, but I would suggest continuing to compare prices.
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Old Yesterday, 4:02 pm
  #491  
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Originally Posted by pallhedge View Post
Adelphos is saying that the Pink "discount" is not even really 15% over regular Lyft.
Got it. Sorry, I read past that too quickly!
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Old Yesterday, 6:40 pm
  #492  
 
Join Date: Jul 2015
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Just got the email with the new $550, due at "your next annual fee billing date on or after April 1, 2020".

Without using the questionably beneficial new "benefits", it make the CSR card a less attractive calculus. A win for the Amex Plat!
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Old Yesterday, 9:26 pm
  #493  
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While I never want fees to go up, CSR still provides way more value to me than the fee. I am lucky to be based at an airport that has PP restaurant options. With my spouse AU and kids, we get meals before flights each time. While we can spend up to $112 my real value is probably $40 per visit as that is what I'd really spend if I were going to do it myself. (But when there is a delay that bar tab is much easier now...)

But the points remain the real source of value. Even if you just use the cash back route, $8,350 in dining and travel spend covers the the fee after the $300 allowance. If you use the points to purchase a ticket or hotel via the portal then the spend is only $5,500. Frequent flyers shouldn't have an issue hitting these. One or two work trips for me and its done.

More spend and other benefits are gravy past that. But as others have noted this is a travel card. Don't travel, don't get the card.
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Old Yesterday, 9:53 pm
  #494  
 
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Originally Posted by williwaw View Post
But the points remain the real source of value. Even if you just use the cash back route, $8,350 in dining and travel spend covers the the fee after the $300 allowance. If you use the points to purchase a ticket or hotel via the portal then the spend is only $5,500. Frequent flyers shouldn't have an issue hitting these. One or two work trips for me and its done.
How did you arrive at those numbers? You really need to compare to alternatives. I have the Wells Fargo Propel Amex which has no annual fee and earns 3% in cold hard cash back on travel and dining. If you look purely at earning rates, the CSR only has the 1.5x multiplier as an advantage. To make up the $250 fee you would have to spend $16k (250/0.015). Before the fee hike this was $10k (150/0.015). Because a significant chunk of my travel spend goes on the Amex Platinum, I just barely break even on this spend threshold. The calculation improves slightly if you take into account the earning on the Freedom Unlimited, but again, there are alternatives that aren't that much worse.

While the CSR in a vacuum isn't a bad card, when evaluated against the competition, it is now significantly less competitive.
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Old Yesterday, 10:08 pm
  #495  
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Originally Posted by blaz View Post
How did you arrive at those numbers? You really need to compare to alternatives. I have the Wells Fargo Propel Amex which has no annual fee and earns 3% in cold hard cash back on travel and dining. If you look purely at earning rates, the CSR only has the 1.5x multiplier as an advantage. To make up the $250 fee you would have to spend $16k (250/0.015). Before the fee hike this was $10k (150/0.015). Because a significant chunk of my travel spend goes on the Amex Platinum, I just barely break even on this spend threshold. The calculation improves slightly if you take into account the earning on the Freedom Unlimited, but again, there are alternatives that aren't that much worse.

While the CSR in a vacuum isn't a bad card, when evaluated against the competition, it is now significantly less competitive.
If I spend $8,350 on dining or travel, that turns into 25,050 UR points. I could just cash them at a penny per point and get $250 and cover the new fee. But realistically I am combing this with Freedom and Ink points and either spending on travel or moving to airlines. I haven't been able to get the Amex Plat to pencil for me (and there are cobranded Amex that make more sense but thats another topic.)
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