Reports: 100,000 Point Chase Sapphire Reserve Card Now Available In-Branch

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Via Reddit and @IadisGr8 on Twitter it appears that the new Chase Sapphire Reserve Card — not yet available for online application — is now available at Chase branches.

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.

Card Benefits

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’.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. Yup just applied at a Chase branch in Chinatown in NY (very few branches open today). Was approved but I am under 5/24

  2. I initially had the same thoughts as you Gary. Being at 4/24 I was planning to get CSP and later get CSR. Now that Reddit reports say 5/24 is being enforced, I think that’s off the table.

  3. It’s a very generous signup offer. In addition the card is net negative $50 in fees to Chase if one’s plans to keep it for only a calendar year. The 5/24 rule was so to slow down quick churners who tend to cost companies money.

    Is it really any surprise this card has the rule in effect at launch?

  4. Can you open a Chase checking account to get approved for the new Chase Sapphire Reserve card even though (1) you are over 5/24 and (2) already have the Chase Sapphire Preferred card?

  5. Can Ultimate Rewards points from other cards be transferred to the Reserve Sapphire (as they can be to Preferred Sapphire) and thence to airlines for premium seats? If so, what’s the reason to obtain Preferred if one doesn’t already have it as well as Reserve and pay annual fees for both? — only in anticipation of dropping it after first year? Along same line, if one has Preferred now and can obtain Reserve, why keep Preferred?

  6. @ScottB Yes, the Reserve is like a pure superset of the Sapphire Preferred. There’s little reason I can see to have both, other than to collect the signup bonus on the SP. Once I have the Reserve, I plan on downgrading my Preferred to a Freedom Unlimited, which will yield 1.5X on everything that doesn’t earn 3X on the Reserve.

  7. Am I missing something? Beyond the signup offer, why is everyone excited about this card? Any reason to keep it beyond the first year?

  8. Well, the online application is now live, and my decision is pending! I had assumed that I would get instant approval, since I’m Chase PC, but no dice.

    Any recommendation as to calling in and speaking with a CSR, or just wait it out with my fingers crossed? I’m close to the 5/24, but perhaps I’m over it considering authorized user accounts (which is BS, but it’s Chase’s business, not mine)?

    theBOAT

  9. Is the $300 travel credit per calendar year like Citi Prestige – $300 for 2016 and $300 for 2017. I understand that if true this would be for the first year only

  10. @theBoat I read somewhere about not calling Chase as data points show it has negative affect on approval. I wish I can get you the link.

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