Posted by William Charles on August 22, 2016
Credit Cards

Published on August 22nd, 2016 | by William Charles

84

Chase Sapphire Reserve Now Available For Sign Up (100,000 Point Sign Up + $450 Annual Fee)

Update: This card is subject to the 5/24 rule.

Reminder: We don’t use credit card affiliate links, I believe bloggers that do will receive their direct links (and third parties such as creditcards.com) sometime today. If you want to support other bloggers that do use these links, you might want to wait until their links are live.

Quick note: This is the direct application page (currently no landing page). Doesn’t mention the 100,000 point offer, I’m 99% sure this link has that offer attached but you may want to wait.

The Chase Sapphire Reserve is now available for sign up officially (after a previous false start). I’m sure everybody is familiar with the card benefits, but just in case:

Contents

Card Benefits

  • 100,000 Chase Ultimate Rewards point sign up bonus after $4,000 in spend within the first three months from account opening
  • Annual fee of $450, not waived the first year
  • Authorized user fee of $75 per year
  • Card earns at the following rates:
    • 3x points per $1 spent on travel & dining worldwide
    • 1x point per $1 spent on all other purchases
  • $300 annual travel credit (click here to read more about it)
  • Points are worth 50% more (1.5¢) when you redeem them for travel through Chase Ultimate Rewards
  • Visa infinite benefits (excluding $100 airfare discount)
  • No foreign transaction fees
  • Priority Pass Select lounge membership
  • Global Entry or TSA PreCheck credit of up to $100
  • Points can be transferred to Chase travel partners
  • Access to exclusive events and experiences

chase-sapphire-reserve-1024x974

 

Our Verdict

This card is pretty ridiculous in terms of value, even if you don’t use any of the card benefits (including the travel credits) and pay the $450 annual fee then you’re still getting a cash sign up bonus of $550 ($1,000 – $450). If you redeem the points through the Chase UR portal for travel then that jumps by another $500 (or you could transfer to their point partners instead). If you use the travel credit this year and next, add another $600 (or whatever you value that at), plus lounge access.

The big question is whether the Chase 5/24 rule applies to this card or not It does apply.  If you do apply for this card, remember that Chase combines multiple inquiries into a single hard pull – so it might make sense to apply for another card (just keep in mind how that might affect you being over/under 5/24). Share your experiences in the comments and goodluck!



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HJ
HJ

Got 7-10 days message. 9/24 🙁

shashi
shashi

Applied – Decision pending, will hear in 7-10 day. at 7/24. What do next? Recon?

Nate
Nate

William Charles
Is your affiliate like live yet? I’d like to give you credit for my app.

Mark O
Mark O

That don’t do affiliates. Use their link when shopping amazon.

Mark O
Mark O

They not that….have you guys ever thought about an edit/delete button?

George
George

I applied through the unofficial link and got declined for 5/24 by mail after receiving a Pending Decision online. I’m so far past 5/24 I don’t even know how many cards I have. But ~750 credit score and income 100k+ for datapoint

PedroNy
PedroNy

Ready, Set, Go!

Any auto approvals for 5/24 folks?

Cheers,

PedroNY

Chuck

Not looking good. One DP on Reddit of approval after calling in, but everyone else was denied.

Vin
Vin

Any suggestions for the next best chase card/bonus to get in order to combine hard pulls? Thanks!

Mark O
Mark O

Hyatt is a good one

Bryan M Yankton
Bryan M Yankton

My wife is thinking about applying for 2 cars on one pull. Do you think she should apply to Reserve or Ink card first?

Thanks,

Mark O
Mark O

Which ever one she wants more. I think ink is the better long term card if you use it right but it depends on your spend patterns too. I would go with the Reserve today since it has a bigger bonus though.

BY
BY

She really wants both and both card match our spending patterns. She is at 3/24 unless Chase counts a closed account that was opened in the last 24 months as 1. Then she is at 4/24

scott
scott

They will count the closed account. It’s not how many accounts you have, but how many cards you received in the past 24 months. Otherwise everyone would just close cards they don’t care about in order to get this card.

BY
BY

Thanks

Kevin
Kevin

Looks to be definitely under 5/24

Oceanic815
Oceanic815

Got it! I’m under 5/24 though.

Shyam
Shyam

Hi,
Did you check with Chase about the sign-up bonus and spending requirements for the CSR that you’ve approved for, since the verbiage doesn’t indicate in the app link.

Dab
Dab

Seems to be under 5/24 rule for sure

Ryan
Ryan

Got the dreaded “you’ll hear from us in 7-10 days” message from the phone status line.

I am WAY past 5/24, so I don’t think this is going to end well.

I had to try, though. I was the first person to apply at my branch.

Matthew Crossett
Matthew Crossett

I am 8/24 and got the 7-10 day need to review verbiage. Called application status line and was told it hasn’t been reviewed yet. I am not hopeful as I am 8/24. That’s Ok I will product change me CSP to CSR. I have close to 500,000 UR points so the bump to 1.5 from 1.25 is a cool $1,250. Once I am under the 5/24 I can product change the CSR to something else and reapply for the CSR and get the bonus then.

ANDREW
ANDREW

Got in! 20k CL and way past 5/24. House in foreclosure; credit report showing a judgment against me. Was up front about the “serious delinquency or bankruptcy”.

Maybe it helps that I spend 10k a month + on my Chase card any pay on time everytime….

Eddy Cue
Eddy Cue

Hi do you Mind sharing your credit score esp given the judgement? The range would be just fine as well. Thanks!

Andrew
Andrew

Sure! It’s about 700.

Jason
Jason

Already over 5/24, still applied both cards just now.

Dab
Dab

Congrats on the approval!

Jason
Jason

I mean, I applied but pending decision….

Dan
Dan

3/24, 200k income, 7-10 business days message, declined at recon for too many cards in past 24 months (about 14 hard pulls in past 12 months)

Any recommendation on when would be a good time to reapply? Definitely under 5/24, so that is not the issue. I also have personal checking & business checking with Chase – should I go into branch to see if I’m pre approved at all?

Chuck

Maybe you have AU cards. If it’s that, you should be able to get a manual approval by explaining that to the recon rep.

Dan
Dan

I do have one AU on my CSP and one employee card on my Ink Plus. That would put me at 5/24? Should I call back to recon and explain this?

Thanks!

Mark O
Mark O

Confused how are you 3/24 with 14 hard pulls in 12 months but are 6/26 with one AU?

Dan
Dan

If the AU and employee cards each count, I’d be at 5/24 with Chase. But I’m looking at 14 hard pulls overall over the past 12 months, including from other banks / card issuers.

Jeff
Jeff

5/24 counts towards ALL cards — not just those with Chase

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