Note: Some of the offers mentioned below may have changed or are no longer be available. You can view current offers here.
Just when the summer credit card season was feeling a little dull, Chase swoops in with the Chase Sapphire Reserve.
This card has the potential to be a strong choice for earning Ultimate Rewards points and enjoying some massive benefits.
What We Know:
Thanks to a leaked application today, we are able to share some details about what to expect from the Chase Sapphire Reserve. Several lucky folks were able to apply and be approved today but you will be able to get this card on August 21.
As many of you know, it has become increasingly difficult to open certain Chase cards the more cards you have opened. I think it’s a safe bet that we’ll see a similar situation with this card. For those of you considering other Chase cards at this time, hit the pause button and give this card a look.
The Chase Sapphire Reserve will initially have a 100,000 Ultimate Rewards points bonus after reaching $4,000 in spend within three months from your card opening date.
The bonus categories for the Reserve match the Chase Sapphire Preferred, but instead of earning two points per dollar on travel and dining purchases (still a solid earn rate), this card will earn three points per dollar. All remaining purchases will earn one point per dollar.
The card also comes with a fantastic $300 travel credit. This is higher than the airline credits provided by the American Express Platinum and Citi Prestige cards.
Not only is the credit higher, it is much more versatile as it includes airfare and hotel purchases. Don’t forget, the credit is issued per calendar year, so your first year with the card will provide $600 in travel credit!
Like several other premium cards, the Reserve will include a $100 Global Entry credit. Additionally, it will provide a 50% bonus on points redeemed through the Chase travel portal for airfare, hotels, cruises, and car rentals. You will, of course, be able to transfer points to any of the Ultimate Rewards travel partners, including United Airlines, Singapore Airlines, and Air France/KLM.
Airport lounge access is another perk with this card. The latest info shows that you will receive complimentary access to over 900 lounges. As Doctor of Credit pointed out, this likely means that the card will include a Priority Pass Select membership.
An uncommon perk of the Chase Sapphire Reserve is that it will be issued as a Visa Infinite card, one of only a few in the United States, and this will provide a few more benefits. The Visa Infinite benefits on the City National Bank include hotel perks, airfare discounts, and rental car perks. It’s likely that the benefits on this card will be similar.
The annual fee for the card will be $450, with $75 per authorized user. What benefits authorized users receive remains to be seen.
As you can see, the benefits of this card are clear. You can boost your ability to earn Chase Ultimate Rewards points and redeem at a higher rate via the Chase travel portal.
Add in a $300 travel credit, lounge access, and a $100 Global Entry credit and that really pushes this card into the premium category. Not to mention the Visa Infinite benefits we expect to see.
While some details of the card remain unknown, this much is clear: the Chase Sapphire Reserve has some serious points-earning and travel perks potential.
We’ll be keeping an eye out for updates, but until then…
See you in the sky,
10xTravel is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers.
Editors Note: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.