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As I previously reported, the card will offer a 100,000 point signup bonus (after spending $4,000 on purchases in the first 3 months from account opening) and earning will be 3 points per dollar on all travel and dining.
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 the card at this time.
The card 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’s also a $100 Global Entry credit.
You get a Priority Pass Select card for airport lounge access. And it’s a Visa Infinite, so comes with top card protections. Doctor of Credit walked through the details of those. Notable, like the Sapphire Preferred Card, it even includes primary collision for rental cars. There’s a shorter (6 hour) delay required before travel delay coverage kicks in as well.
Points transfer to the same airlines and hotels as the Chase Sapphire Preferred Card.
- Airlines: United, Korean, British Airways, Singapore, Southwest, Virgin Atlantic, Air France
Hotels: Hyatt, Marriott, IHG Rewards Club, Ritz-Carlton
In addition, points can be redeemed towards paid travel at 1.5 cents each through the Ultimate Rewards web portal.
Get the Card Now? One Reason to Hold Off…
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 ultimately 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.
Plenty of data points suggest that people were being approved during the brief window where the application was live early without regard to the number of new card accounts they’ve opened over the past two years. There’s already a report of the same in-branch.
That would suggest you’ll still want to get the Chase Sapphire Preferred Card first and this one after. Getting a Chase Sapphire Reserve could make it harder to get a Sapphire Preferred Card later, but to the extent 5/24 limits aren’t being imposed on Sapphire Reserve then getting Sapphire Preferred now won’t make it harder to get Sapphire Reserve later.
Put another way, you may be 50,000 points better off applying for the Chase Sapphire Preferred Card now and Sapphire Reserve later than if you did Sapphire Reserve first.
Update: there are subsequent reports of folks with more than 5 new cards in 24 months being declined so definitely ‘developing’.