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.

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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:

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

 

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!