Posted by Chuck on February 24, 2017
Credit Cards

Published on February 24th, 2017 | by Chuck

29

Chase Sapphire Reserve 60,000 In-Branch Offer for Private Clients Starting March 12

Okay, this is the third and final ‘March 12’ post for the day. 🙂 First two can be found here.

The Offer

As has been previously reported, the 100k Chase Sapphire Reserve bonus will no longer be available in Chase branches after March 11. Starting March 12, the branch offer will align with the online offer at 50,000 points.

Chase is sending out to their bankers a small piece of good news that Chase Private Clients will get a slightly higher bonus on the Sapphire Reserve card of 60,000 point beginning March 12.

[image removed a the request of Chase]

 

Another small change mentioned is that the cards will no longer say ‘Private Client’ on them to support privacy.

Card Details

  • $450 annual fee, NOT waived the first year
  • Comes with an annual $300 travel credit which can be had twice in the first 12-months of being a card member
  • Free Priority Pass Select membership
  • Points are worth 1.5 cents toward travel
  • Global Entry or TSA Pre✔ Fee Credit
  • No foreign transaction fees

Card earns at the following rates per $1 spent:

  • 3x points on travel & restaurants
  • 1x points on all other purchases

Our Verdict

Currently, the in-branch signup bonus on the Sapphire Reserve card is 100,000 points, so this 60k offer is a bad deal. It will only be a good deal starting March 12 when the standard offer will be 50k. Again, if you are eligible for the card you should be applying now in-branch for the 100k and not waiting for the 60k offer, even if you are a Private Client.

Chase Private Client no longer works to get around 5/24; this 60k offer will only work if you are under 5/24 or if you get preapproved. (Note, preapprovals are currently down for CSR but they’ll likely come back sometime after March 12 when the bonus gets lowered.)

Recap

To recap, there are primarily four changes taking place on March 12:

Hat tip again to reader D. for sharing this screenshot



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Ferris
Ferris

If I were to go in March 9th and have to go through recon and whatnot and it goes past 3/12 to get approved, I’d still get the 100k right?

Austin
Austin

Yes you would. As long as you apply before the 12th in branch, you application will be tied to the 100k offer

Austin
Austin

your*

Justin
Justin

Yes

Arnold
Arnold

But….how long after your application date will the original application be available for reconsideration (and this still be tied to the 100K offer)? Is a recon with the original offer good for 30 days? 60 days? 90 days?
Thank you!

Sean
Sean

Would also like to know this. How long can Chase apps remain open for recon?

Adam
Adam

What are the odds of someone with 40k income, ~730 fico and limited credit history (2 cards; highest CL around 2k, oldest card 2 years) being approved for the CSR in branch? Mostly concerned about the low existing credit limit, to get a 10k cl from chase

Peter
Peter

my gf has lower income, similar credit score, a negative mark, and limited credit history too. she got approved for CSR with a $10K limit after applying in branch last week. Had to move a good chunk of credit over from her two other chase cards, so the whole application ended up taking 40 mins in the banker’s office, but got it through in the end. So I’d say it’s worth a shot! Get the checking and maybe savings bonuses too while you’re there

Adam
Adam

Thanks. Chase cards might have been beneficial in that case, though. My SO has no relationship with Chase currently

Jim
Jim

I was approved when I applied online with a very similar income and fico score, with a fairly limited credit history (1 CC w/ 7 months of history and several loans). I’d say you have a very good shot, so it’s worth a try. Good luck!

esdot
esdot

Inconsistency should be corrected: “bonus will no longer be available in Chase branches after March [11 not] 12.”

Peter
Peter

Can we expect the CSP to periodically go up to 100 K or get targeted 100 K offers? My 5/24 will not be cured until the end of the year.

Jay
Jay

I presume you meant CSR, not CSP. The CSP hasn’t seen a 100k offer since 2011 🙂

I wouldn’t be surprised if the CSR 100k returns in the form of targeting. It was conceived as a direct competitor to the Amex Plat, which sends out targeted 100k offers pretty regularly (though Chase probably won’t screw up as often as Amex does with regards to leaked public 100k links, lol…).

Peter
Peter

Whoops, yes, I meant CSR!

William Charles

No idea at this stage, Chase will probably evaluate the # of sign ups they get at the 50k level and also see how many people keep the card year two onwards.

icemule1
icemule1

Interesting that they’re removing the Chase Private Client verbiage from the CSP but they are leaving it on the CPC debit card.

Henry
Henry

I have a cpc debit card, but neither my CSP nor CSR say anything about private client on it. I’ve never even seen one of these cards with that denotation. Anyone have an image link?

jason
jason

would a credit score of 740 suffice if i apply in branch? thanks

Gabriel
Gabriel

how sure are we that 5/24 is can’t be bypassed.. One of my friend was not preapproved and 8/24 got approved in Jan when 100K offer was still available online.. pls give some data points.

Batastil
Batastil

Apply and find out. The worst that can happen is they say no. I know I plan to apply after March 1st in branch even though I’m way over 5/24. At this point, another inquiry is fairly insignificant.

J
J

I’m a college student with 3 credit cards (ranging from 2-10 months) and 3 AU on chase cards (ranging from 8-30 months), but my AAoA is 10 months. Should I try to apply? I feel like it’s worth a shot because of the 100k bonus.

James
James

Is there anyone who wants this card, who hasn’t applied for it yet? At this point, I assume only people who either aren’t interested in the card, even with the 100k bonus or people who want the card, but can’t get approved for it are left.

calwatch
calwatch

I’m seriously considering the card given that it is highly unlikely it is coming again, at least in a public fashion, but with a mid six figure UR balance find it hard to justify accumulating more points before spending it down. On the other hand, the ability to use UR points through their portal at 1.5X, compared with 1.25X with the Ink that I currently have, is significant, except that I rarely if ever use the Chase portal given that I have travel expenses that need to be offset with the Bank of America Travel Rewards card, or I use hotel web sites in order to earn points/get premium benefits (as an OTA you don’t earn points through the UR portal). So the main thing would be getting a discount on flights (which I can already through the Citi portal, and need to spend that down before cancelling my Citi Premier) and rental cars.

Katherine
Katherine

Sure, those who are waiting to get to 4/24 and wondering what would happen on 3/12. I am private client and applied in the Fall when I thought the private client could get me past 5/24 rule, but I was declined. So I waited until I was down to 4/24 after authorized user accounts were removed. That alone took more time/hassle in branch on the phone with recon, but knowing the 3/12 magic date for the 100k going away, it was definitely worth doing instead of waiting until those auth user accounts aged past the 24 months (April).

HK
HK

I’m planning on applying for this card. I don’t have a chase branch directly in my area and that is the main reason I haven’t applied in branch yet. I’m planning a trip to New York the weekend of 3/10 and I will apply for the CSR and my wife will apply for the Chase Ink 100K in branch offer……

David
David

Data point FWIW – CSR approved in branch today for 100k offer. Initially declined because of 6/24 – however 2 of those are AU’s on wife’s cards. After confirming the AU’s Chase approved me for $20k CL moved from Hyatt card. About 15 minutes total. Thanks for keeping us up to date on deadlines and possible ways round 4/24

Moe
Moe

Recently closed a Citi business card. Also applied for 2 personal cards recently (w/o 24 month language) and got approved. Now applied for this business card and was denied because I didn’t establish my credit usage of the new personal cards yet…..

Cole
Cole

Does anyone know if Chase will skirt around 5/24 if your close to becoming eligible? Heard a guy get approved in January and Chase told him his 5/24 was up in March and that was close enough. Reason i ask is my 5/24 will be up in April. Thought about applying and then stringing it along hoping it drops off before a final no verdict.

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