Posted by William Charles on August 4, 2016
Credit Cards no image

Published on August 4th, 2016 | by William Charles

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Chase Sapphire Reserve: 50% Bonus On Chase UR Redemption, Lounge Access Type + Card Design

Latest information can be found here: Chase Sapphire Reserve.

We now have more information regarding the Chase Sapphire Reserve from multiple sources (including this reddit thread). Here is what the card will offer (I’ve added bold to any new information):

  • Sign up bonus of 100,000 Chase Ultimate Rewards points, unknown minimum spend requirement
  • Card will earn 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

Update: Removed image as per request.

Our Verdict

Here are my thoughts on the new aspect of this card. It’ll be interesting to see what benefits if any the authorized user gets. Obviously the big problem is going to be the Chase 5/24 rule.

Lounge Access

The lounge access they are offering is extremely weak, especially compared to the American Express platinum, although I didn’t really expect them to give United Club access either.

50% Bonus

The 50% bonus on redeeming points is great, the Chase Sapphire Preferred offers a 25% bonus (although it’s worded as 20% off). This means that the bonus is worth $1,500 on travel, pretty massive bonus but even without that people would be all over this.

Airline Credit

I suspect the airline credit will be the exact same as what the Ritz-Carlton offers. I really hope this isn’t the case, because you have to manually call in for that benefit. They are also much more restrictive in what qualifies:

Only the following types of non-ticket Net Purchases qualify for this offer: airline lounge day pass, or towards a yearly lounge membership of your choice; airline seat upgrades; airline baggage fees; in-flight internet/entertainment; in-flight meals; Global Entry fees.

Now we’re just speculating on that part at the moment.



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Joseph E Amici
Joseph E Amici

Typo: Card will ear the following rates:

NinjaX
NinjaX

Amazing card, especially if each benefit is on the “better end” of the speculation spectrum. However, expect 12-18 months max until the benefits get a beat down like Citi Prestige. No way they can keep this up. Either way, will see about the 5/24.

Miz
Miz

Title of your post says “50% off” and the elsewhere in your post, you say 50% bonus. 50% off is different from 50% bonus. 50% off means 100% bonus.

SearchGuy
SearchGuy

That’s an interesting comment, on the CSP on Chase website it says 20% off on travel which is reflected in 25% bonus, the question here is whether chases wording where the source is from is 50% off which means 100% bonus?….
Just saying

Lrdx
Lrdx

If that would be 50% off instead of 50% bonus, this would be a 2% card, with 6% on travel/dining.

Not going to happen.

James Carson
James Carson

Other Visa Infinites around the world have higher than average minimum income requirements, and also either have a high minimum credit limit or no preset spending limit. Do we know anything about income requirements or credit limits for this card?

Holly Johnson

When I logged into Chase banking yesterday, I got a pop-up that asked me to update my income information. All it asked for was our gross annual income. I thought that was strange, and I immediately wondered if they were asking due to this new product specifically.

Kurtis Foster
Kurtis Foster

I was thinking the same thing

James Carson
James Carson

I realize the card would probably look better with a higher quality photo, but the design does nothing for me. It doesn’t look like a sapphire, it looks like a broken phone screen.

James Carson
James Carson

As the image has been removed, I’ll describe it for those who missed it, assuming that’s ok: It’s a plain black card, with the Chase Sapphire Reserve brand in the upper left just like the Preferred, the cardholder’s name in the lower left, then a few blue lines in the upper right with blue shading that looks a bit like broken glass.

James Carson
James Carson

Oh, and unlike several other Chase cards, including the Sapphire Preferred, it has the Visa logo on the front. It’s silver, in the lower-right, with the word “Infinite” in small type below.

mike
mike

I’m guessing visa mandated it for the first high profile infinite card in the US.

For other cards, the trend has been simplifying the card front, even my new MileagePlus Explorer moved everything but the name to the back.

Dan
Dan

Dude who CARES about the design? Remember why you got into this game

James Carson
James Carson

It won’t affect whether I get it, but product design affects purchases, which is why companies put so much effort into it. The reason credit card designs have evolved so much recently, decluttering the front, adding silver reflections, prismatic sheens and metal cores, etc., is because research has shown that when consumers love the look of a card, they’ll give it pride of place in their wallets and whip it out more.

With premium cards, it’s even more of a factor, because the reality is that a major reason people get expensive things is to show them off. And while I gag at this conspicuous consumption, the reason why there are ultra-premium credit cards with crazy annual fees and few benefits to justify them is because people want to show off their Centurion and Palladium cards. It’s stupid, but from the point of view of Chase, it’s stupid to put out a premium card without a premium design.

Carl
Carl

Do we know if it will be a charge or a credit?

Red
Red

Chase seems to have abandoned charge cards. All of the old Ink Bold accounts were transformed into credit cards. I’d be suprised if they got back into that offering.

Kira
Kira

I have been saving my inquiries for this ever since I heard the “rumor”. After the way Citi has been treating me lately despite putting thousands thru Prestige, I’m glad to have another player in the game (besides Amex).

sapphiremebro
sapphiremebro

pic is still hosted and online. what a bunch of n00bs

James
James

Is this the final roll up of the card’s benefits? Lounge access is weak compared to Amex Plat. The latter also offers SPG and Hilton gold status. Any reciprocity with Chase with Marriott Gold? UA Lounge access was a hard ask.

Johnny

The huge sign on bonus makes this card a no brainer for the first year if you can get it.

After first year, if $300 credit is for all travel (like citi prestige, not Amex Plat), then the $300 is as good as cash and the annual fee would be $150, or $55 more than the sapphire. THe priority pass select, 3x category, higher redemption rate, and visa infinite make this card a no brainer for your everyday card and CSP replacement.

If the $300 is like the ritz carlton/amex plat, then at least to me, that’s not worth straight cash but still worth something, and at that point, it’s a toss up to see if the annual fee is worth all the other benefits (Visa infinite looks pretty legit but dont’ have any experience with it yet!)

Eric
Eric

Unless I’m reading this wrong, it’s not quite a CSP replacement due to the primary auto coverage. That’s a pretty big deal and I’d love to see that offered in the Reserve.

Johnny

I’ms ure the CSR would have same or similar levels of auto coverage being a high end card and all.

DT
DT

So if you get 1.5 UR/$ with Chase Freedom Unlimited and redeem those points with this card it would net 2.25%, wouldn’t it?

Johnny

yep 🙂

Zoey
Zoey

Good morning everyone
(Inside sources HAA HAA). Well y’all already know most of it.
Chase will discontinue JPMorgan Palladium card. Sapphire Reserve will take its place.
$450 annual fee, $75 per authorized user
3x travel & dining
1x the rest
100k UR after $4k spent w/in 90 days. 100k equals $1,500 in travel rewards thru UR
$300 annual travel credit
No forex
1:1 transfer to partners
GE/TSA credit
Complimentary airport lounge access to 900+
Doesn’t have to be private clients to apply.

No changes to Chase Sapphire Preferred.

sunny morris
sunny morris

This feels like such a tease since most of us in this game are stuck not able to get any new chase cards due to the 5/24 rule. I can’t ever see a day in the future where I won’t have at least 5 new cards in 24 months. I am just glad I got the ink when I did. So many great cards I am missing out on.

Nick
Nick

Classic case of rules don’t apply if you got money. Become a Chase private client and problem solved.

Michelle
Michelle

I’m maintaining my chase banking relatonship to improve my chance of qualifying in branch for this card.

Allen
Allen

Anybody have a reasonably valid source/idea as to whether it’s a $300 travel vs airline credit? Would love to see that $300 free to use beyond wifi and aisle seat upgrades (I never check baggage lol).

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