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 &Â 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:
- CSR branch offer goes down from 100k to 50k for most people and to 60k for Private Clients
- CSR pre-approvals will hopefully come backÂ
- INK Preferred goes up to 100k in branch but has an annual fee
- INK Cash goes up to $500 in branch
Hat tip again to reader D. for sharing this screenshot
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.
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…..
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
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.
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.
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).
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……
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.
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.
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.
would a credit score of 740 suffice if i apply in branch? thanks
Interesting that they’re removing the Chase Private Client verbiage from the CSP but they are leaving it on the CPC debit card.
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?
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.
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…).
Whoops, yes, I meant CSR!
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.
Inconsistency should be corrected: “bonus will no longer be available in Chase branches after March [11 not] 12.”
Fixed