The Offer
There’s a mail preapproved offer some are getting for the Chase Sapphire Reserve card with a few advantages over the typical public offer:
- Get a signup bonus of 100,000 Ultimate Rewards points after $10,000 in spend.
- $550 annual fee is waived the first year.
- Authorized user fee of $75 is waived for up to 2 authorized user cards.
Card Details
- $550 annual fee will apply for the second year and onward
- Card earns at the following standard rates per $1 spent:
- 3x points on travel & restaurants
- 1x points on all other purchases
- No foreign transaction fees
- $300 annual travel credit
- Primary car rental insurance
- Visa infinite benefits
Full review on Chase Sapphire Reserve can be found here.
Our Verdict
An incredible offer with the annual fee waiver and the signup offer of double the standard 50,000 points offer. The spend requirement on this offer is higher, but obviously well worth it if you can manage that. I’m guessing this was sent out very selectively to those with high balances with Chase, let us know if you got it.
Hat tip to waqaszm1 on MyFico
Would they send a mailer to someone with a Sapphire bonus within 4 years (and if so, would it work)?
Want to know if I should hold out hope, lol.
I am CPC.
The one DP so far the poster said they had almost a $1MM credit limit across all cards and legit business spend. Seems likely this is a pretty highly targeted offer.
dude has measly 50k dep and 35k opening credit isn’t difficult. are we suppose to think he’s a baller cuz 35 loc?
Still have my CSP in my third year. Honestly I wanna close it.
No real point in closing it- just downgrade it to one of the Freedoms.
Food For Thought
I too would like more confirmation that this offer is real. But, for the sake of argument, let’s assume it is.
Would it help bring the country out of recession if Chase waived some of its credit card requirements and permitted, maybe just temporarily, holders of one Sapphire card to hold two?
Waive:
One card in the card family rule
5/24 rule
48 months rule for last Sapphire bonus.
Result:
I have the feeling the discussed offer would go gangbusters , say some multiple of the frenzy accompanying the initial offer of the Sapphire reserve four years ago.
It may also encourage other lenders to follow suit.
The additional spending requirements and the accompanying use of points for purchases such as in the Pay Yourself Back offer Chase Sapphire cards currently have can only stimulate the economy.
Thoughts?
I think you’ve mistaken Chase for UNICEF
Excuse the skepticism… but are there any other data points beyond the ONE person who received it? Other than the person at https://ficoforums.myfico.com/t5/Credit-Card-Approvals/Chase-Sapphire-RESERVE-special-offer-APPROVED-35-5K/td-p/6169976 ? I don’t see anyone on this thread or elsewhere you reports receiving this.
Yeah exactly…only one person has given a DP of it in the sea of Reddit and DoC readers (who btw didn’t bother to post a pic of his mailer)…seems to be ultra-targeted imo if it is indeed true. And not sure why DoC decided to post it without more evidence just to create hype, helps views and ad revenue I guess
I would downvote you if I could.
Is there a reason why you always post negative stuff under different names?
I don’t even get why the one tbh. we are cpc with 120k on deposit & chase wants to downgrade us if I don’t pony up more. deposit 20k/mo + 60-100k once a year. shenanigans. i think he’s making it up.
I wonder if someone at Chase marketing pushes out lucrative offers to a few hundred CPC members who’ve never churned and then enjoys reading comments to the posts like this one 🙂
At least if Joe Biden wins the presidency, you can easily hit the $10,000 spend by paying your taxes.
You must be so upset by someone paying more than $750 a year in taxes.
He pre paid taxes
Why are you picking on him. It is called tax avoidance. If you don’t understand-look it up. Sounds like the ultimate Doc reader to me.
It’s not called tax avoidance, it’s called illegal deductions which is a crime.
You make over $400K a year? Congrats
He won’t be raising my taxes. I’m not in the $400,000 club.
Let’s try to keep politics off the site please.
Would have expected
debit to make a comment like this..
Hitting the $10k spend will be just as easy under Trump. Funerals are crazy expensive!
I literally can’t do anything but laugh at someone so mislead to think a president changes a normal and unfortunate reality of life like death.
A mask mandate might have prevented more than 100k deaths to date. I mean yeah, they would have died eventually, but you can’t think any attempt to delay death is pointless. https://www.google.com/amp/s/www.nytimes.com/2020/10/23/health/covid-deaths.amp.html
According to CNBC.com, as of October 15, The 17 states with the highest daily new corona virus cases per 100k residents all voted for trump in 2016. The 11 states with the lowest number of cases voted Democrat. So the president talking about masks does have a direct correlation between life and death.
The number of cases per 100K is meaningless. It’s the number of deaths that counts. https://nypost.com/2020/10/20/swedish-expert-still-wont-budge-on-no-mask-approach-to-covid-19/
a few months ago it was opposite.
so what?
Is this coming by mail or email?
For anyone reading this site: neither
1. review needs quite a bit of update with duplicated and outdated content
2. I’m guessing that 3x points doesn’t apply to UberEats, DoorDash or the like?
Worked for me on Ubereats, seemed to code as Dining
Works for me on DoorDash, 3x, unless it’s from a convenience store of course.
Right now we have 8 chase cards between p1 and p2 and less than $100 per month spending all combined. I am loving Amex right now. Amex offers so many good deals that I have stopped using Boa for 2.65%. Only Boa cash card for Costco cash card.
But I am going to move money to chase and close the chase preferred in December and make ourselves attractive to chase 🙂
Can you explain what do you mean by Boa cash card for Costco cash card?
As a platform honors you get 5% cash back for online shopping category So I buy Costco cash card from costco.com. If I use boa cash card directly at Costco warehouse, I get only 3.5%.
The challenge for most people is having 100k with BofA
Boa 2.65 is for everything else purchase categories.. Wondering what amex offers that you mentioned is better than boa 2.65?
Well, anyone with the AMEX Blue for Business Plus earns 2 MR/$ right there, no need for AMEX Offers, which is more than 2.65%. In fact since the BBP came out I’m not sure why the 2.65 is still considered so attractive? Especially with the $100k requirement.