Published on July 29th, 2016 | by William Charles30
More Rumored Information About Chase Sapphire Reserve/Elite
In case you’ve missed it, Chase will be launching a new premium credit card (projected to) launch on August 21st. The original Flyertalk user has shared some additional information, some of it we already knew, but some of it is new:
$450.00 Annual Fee
100K UR Sign up Bonus
$300.00 Airline Credit
Priority Pass Select
3X Points Travel
3X Points Dining (Yes 3X for Dining)
We were already knew about it being a Visa Infinite card, offering a 100k UR sign up bonus and offering 3x points on travel. Offering 3x points on dining, the airline credit (we knew it would offer an airline credit, but not the amount) and priority pass select membership plus the exact annual fee are new. Personally I hope this isn’t all Chase has planned for this card, because it’s not a very attractive prospect for keeping long term.
It’s likely that the airline credit will be for incidentals only, but even if we value it at $300 you’re still paying an additional $55 per annum for an extra 1x on travel & dining compared to the Chase Sapphire Preferred (to be fair, you also get the priority pass select membership and extra Visa Infinite benefits, but to say that $300 in airline incidentals is the same as cash isn’t even close to being true). I wouldn’t think about keeping this card long term, I don’t highly value lounge access and already get better access from other cards. 3x on dining is great, but not that much better than what other cards offer. Juggling airline credits is a real pain and only something I find worth the effort if the card offers other significant benefits.
To me this just screams get the bonus, use the airline credit (hopefully it’s based on a calendar year so you can get it twice) and then cancel the card. There isn’t anything inventive about this card (unlike the Citi Prestige with their 4th night free benefit and free golf rounds – although these benefits are being cut back).
It’s important that this is only rumored information, I haven’t been able to confirm any of this new information with my sources and it’s also not clear yet if these are all the benefits that Chase will offer. I certainly hope that this isn’t the case, but at the same time most people won’t really care due to the Chase 5/24 rules anyway.