Chase has officially confirmed — and briefly had up on its website — details of the new Chase Sapphire Reserve Card that’s coming. And it’s going to be awesome.
The card will offer a 100,000 point signup bonus (after $4000 spend within 3 months).
Earning will be 3 points per dollar on all travel and dining.
It has a $450 annual fee, but it also has a $300 travel credit. And you don’t need to use it just for bag fees or other ancillary fees. And there’s no messing around with gift cards to get the best value out of it. It’s an automatic credit against any travel spend — including airline tickets and even hotels.
There will also be a $100 Global Entry credit.
You also get a Priority Pass Select card for airport lounge access. And it’s a Visa Infinite, so comes with top card protections. And that even includes primary collision for rental cars.
Points will transfer to the same airlines and hotels as the Chase Sapphire Preferred Card. In addition, points can be redeemed towards paid travel at 1.5 cents each through the Ultimate Rewards web portal.
I collected the information related to the Chase Sapphire Reserve credit card, it wasn’t provided or reviewed by Chase and I do not have my own links to this card.
This hits all reasons to get and keep a credit card.
- It will have a great signup bonus
- It has fantastic ongoing earning
- It even has strong benefits
It will be a no-brainer to get. With the travel credit, which will be based on calendar year and therefore available twice during the first annual fee year, you can ‘make money’ on the first year fee even aside from the 100,000 point signup bonus that you can earn.
If the travel credit was just a fee credit, I’d argue that the annual fee was too high to justify 3 points per dollar on travel and dining versus 2. And Priority Pass Select comes bundled with many cards, although if you didn’t already have one it would be worth some portion of the fee.
But since the travel credit will be so broad, use it on travel you’d buy anyway, the fee makes sense and the ongoing earning is strong like the bonus.
There was a brief period of time yesterday where the application for the card went live before intended. Plenty of data points suggest that people were being approved without regard to the number of new card accounts they’ve opened over the past two years. That would suggest you’ll still want to get the Chase Sapphire Preferred Card first and this one after.