We’ve talked briefly about the Chase Sapphire Reserve card on this site, though I have not done a full review of the card. The Chase Sapphire Reserve card is Chase’s answer to the premium cards from other banks, such as The Platinum Card® from American Express and the Citi Prestige® card
Now with the Citi Prestige® card devaluing, and Citibank changing the rules about who is eligible to get signup bonuses on new cards, to say that the introduction of the Chase Sapphire Reserve card is highly anticipated is…. quite an understatement!
Chase Sapphire Reserve application live! (then not)
While there was not a working application link for the Chase Sapphire Reserve card when I originally wrote this page, you can now apply for rewards cards through the image below
Yesterday the world exploded as a reddit user found a working application link. First it was just an application link, then another user found a landing page. Hundreds of people applied for the card and many were approved instantly, but within an hour or two, the links were taken down. My guess is that this was a test by Chase to prep for this weekend’s launch that accidentally went public facing
The great news is that many people who were WAY over the Chase 5/24 limits reported being approved. Whether that was just because this was a link that was not intended to go live or not, or whether the Chase Sapphire Reserve card will be exempt from 5/24 (at least at the start) is still unclear. Frequent Miler has a rundown.
EDIT: It appears that Chase 5/24 IS in effect for the Chase Sapphire Reserve – see data points on Chase Sapphire Reserve 5/24 here
Confirmation of Chase Sapphire Reserve benefits
One good thing is that we got a pretty good idea of what the Chase Sapphire Reserve benefits will be. A reddit user captured a screenshot of the landing page, and then later in the day Chase sent out an official Tweet announcing the card, oddly enough linking to a post on The Points Guy blog.
So here’s what we have for Chase Sapphire Reserve benefits
- 100,000 Ultimate Rewards as a signup bonus after spending $4000 in the first 3 months
- If you use the points for travel on the Chase Ultimate Rewards portal, they’ll be worth 1.5 cents each (SEE ALSO: Why it pays to check the Chase Ultimate Rewards mall before transferring points)
- $450 annual fee (not waived). $75 for authorized users
- $300 annual credit that applies automatically to anything in the “travel” category. This appears to even include things like local transportation / subway cards.
- Priority Pass Select membership
- Infinite Visa benefits
- $100 Global Entry reimbursement
I didn’t get in on the action yesterday, but I am planning on applying for the Chase Sapphire Reserve card when it goes live. While there was not a working application link for the Chase Sapphire Reserve card when I originally wrote this page, you can now compare the Sapphire Reserve with other cards here
Did you apply / get approved for the Chase Sapphire Reserve card yesterday? Are you planning on signing up?
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Any word on when the official launch date is?
It’s supposed to be this Sunday (the 21st). It remains to be seen whether this little fiasco (publishing it too soon) will move up the date or not
The currently “expected” date is in the article.
Thank you for posting. While I like the 100,000 points over the 50,000 points from the Sapphire Preferred, the $450 annual fee for the Reserve Card is certainly a “step up” over the $95 fee of the preferred card.
How long do you usual keep your card? Cancel after receiving the points so not to max out the 5/24 limit?
Yes that is true the a/f is a step up (and not waived the first year like the Sapphire Preferred is. You’ll have to decide for yourself if it’s worth it. Depending on how tightly defined the “travel” category is, $600 in travel reimbursements (over the first 2 calendar years) for one $450 annual fee seems like a pretty good deal for me. Whether it gives enough to keep after the 2nd annual fee posts in a year’s time is a decision for…. a year from now 🙂
Thank you for your reply. I really appreciate your input.
How do you calculate $600 in travel reimbursement for one year only? Doesn’t the second year’s reimbursement (another $300) post with the second year’s fee of $450?
Any insight on how the travel reimbursement works?
$300 per calendar year, so one in 2016 and one in 2017 etc.
2016 – You pay $450 and get $300 worth of travel reimbursement
January 2017 – you can immediately enjoy $300 worth of travel before you pay the next annual fee
Missed it! I was working. Then saw all the data points. I missed the Hyatt Diamond match too. Striking out here!
If I have a Sapphire preferred card now have was approved for sapphire reserve–is there any reason to keep the preferred? Doesn’t seem like it. Thoughts?
Probably not, though make sure to transfer your Ultimate Rewards over from your Chase Sapphire Preferred to your new Chase Sapphire Reserve before you close the CSP
Thanks much! Wil do