Chase To Launch New Premium Sapphire Reserve/Elite Card On August 21st, 2016 (100k UR Sign Up Bonus)

Fourth update: 50% Off Chase UR Redemption, Lounge Access Type + Card Design

  • Sign up bonus of 100,000 Chase Ultimate Rewards points, unknown minimum spend requirement
  • Card will ear the following rates:
    • 3x points on travel & dining purchases
    • 1x points on all other purchases
  • Annual fee of $450
  • Authorized user fee of $75
  • $300 annual travel credit for travel purchases charged to the card
  • No foreign transaction fees
  • Complimentary lounge access at over 900+ lounges (this indicates it’s a Priority Pass Select membership)
  • Points will be transferable to Chase travel partners (we didn’t already know this, but it was assumed since the lower annual fee Chase Sapphire Preferred does this)
  • Global Entry or TSA PreCheck credit of up to $100
  • 50% bonus when redeeming points through Chase Ultimate Rewards for airfare, hotels, car rentals and cruises
  • Visa Infinite

 

Third update: It’s rumored the following will be true:

  • $450.00 Annual Fee
  • 100K UR Sign up Bonus
  • $300.00 Airline Credit
  • Priority Pass Select
  • 3X Points Travel
  • 3X Points Dining (Yes 3X for Dining)
  • Visa Infinite

 

Second update: It will be a Visa Infinite card

Update: An unnamed reader has some more information (and has had good information in the past).

  • The Sapphire Elite card will enter the market as a competitor to high end/premium travel cards like AMEX Plat and Citi Prestige. Expect an annual fee to match those cards or be in the same ballpark
  • The card will come with a 100k UR Point sign up bonus. Unclear on minimum spend needed to meet this requirement
  • Expect benefits to match AMEX Plat/Citi Prestige. Unclear on exact details
  • Exact earning structure unclear
  • Unclear if AF will be waived first year
  • Card will be launched on August 21st, 2016

I’ve heard rumblings about a new premium Chase card recently (although without any specifics worth posting), but Flyertalk user mvcore just posted about a new premium card from Chase that would be coming in the next couple of months. This is backed up by the fact that Chase has a trademark for ‘Sapphire Reserve’ (and TravelPlus & Unlimited). Details are sparse at the moment about the exact specifics, but this is what is rumored currently:

  • Annual fee of $300-$400
  • Card earns 3x Chase UR on travel purchases
  • Will be made via bonded metal (e.g same as the Chase Sapphire Preferred)

I’ll see if I can find out more details via my source, but feel free to discuss what we currently know in the comments (as well as any rumors/information you know or even benefits you’d like to have). Obviously most readers won’t be able to get this card due to the Chase 5/24 rule, although there are some ways around this restriction (you should also be able to product change to this card but obviously you won’t get the sign up bonus).

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jcb
jcb

anyone know if AU’s get the Global Entry credit?

Juan
Juan

I wonder if they will have an upgrade offer from the CSP card to this one. Otherwise the 5/24 rule would disqualify me.

Autumn
Autumn

Does anyone know if know if being an authorized user even counts towards 5/24?

Chuck

I think the system counts it, but some have success explaining the AU angle to a rep and getting them not to count it.

Mmgfarb
Mmgfarb

For AU counting toward 5/24, does it go by the day you were added or the day the card was opened?

Phil
Phil

They also filed for a trademark for the names “Sapphire Unlimited” and “Sapphire TravelPlus”. They applied for these at the same time they applied for the “Sapphire Reserve” name.

Phil
Phil
Paul
Paul

Would be nice if you could choose a benefit: $250 airline credit, hyatt diamond, etc which would last until the next annual fee when you can keep the same benefit or select a new one. That would be different than AMEX Plat of Citi Prestige and allow card holders to tailor the benefit most valuable to them.

Harrison
Harrison

I think I saw the answer to this in the comments above, but would a store credit card for something like best buy or a furniture store count towards 5/24? think one of those 0% financing cards.

AC
AC

Might be a silly question, but how do I check how many cc are on my report that Chase would be looking at for the purpose of 5/24 rule?

Kevin
Kevin

Get a copy of your credit report and count. Odds are, if you don’t know how many new cards you have opened in the last two years, it’s probably more than four.

howard
howard

I will do that for sure, but when it comes to credit reports, they will remove old accounts after they have been opened for two years (or more likely, in the 25th month). So more specifically, for the purpose of 5/24, should I wait till that happens and my report only shows 4 new accounts and then apply?

Lrdx
Lrdx

How many cards did you open in the last 24 months? You should know the answer by heart. If it is 5 or more, you’re out. 4 or less, go for it.

Jeff
Jeff

Not eligible if they run the 5/24 on this. Good thing my wife hasn’t opened too many new cards. She’s at 1/24 so will have to let her get this one and wait til I’m no longer 5/24.

beth
beth

would like speculation here as to how long the introductory signup bonus will last–a month and then it will drop down to 50-60k? 3 months? a year? Always be 100,000? Will it be like the periodic enhanced signups we see, or will it stick around long enough that some of us may age out of our 5/24 restrictions? What guess you?

NinjaX
NinjaX

When you look at the other CC, there is totally no way its 100k all the time. Its obvious the 100k will be a promo to get shitload people signed up. It will be on and off just like other CC promos. The initial customer acquisition period may be longer so you may have 90 days max into the holidays to get the promo. Then it will go to 40k-70k. Why? Again, look at the competition. Unless JPM just wants to lose a lot of money, they will do the same thing. Prestige 40k? Thats not an accident. Amex Plat 40k? Also not an accident.

Carl
Carl

Or they could keep it high and not waive the AF. 100k + $400AF vs 50k + No AF…in the ballpark.