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Rumor Alert: New 100k Chase Sapphire Reserve Coming August 21st
According to multiple sources there is a brand spanking new Primo version of the Chase Sapphire coming called the Chase Sapphire Reserve. It looks as though it is going to directly compete with the Citi Prestige and American Express Platinum cards. I’d have to agree with what’s going around the blog-o-sphere at this point – Chase has a huge gaping hole in its line up when it comes to premium cards. This new card is completely part of the rumor mill, but it’s being circulated by some of the venerable blogs like Doctor of Credit and Million Mile Secrets. It’s also on a few different threads on reddit and flyertalk. It’s even been confirmed that a trademark has been filed for the name: Chase Sapphire Reserve
What are some Deets?
- August 21st either announcement, application will be ready, or we will be hoaxed.
- 100k bonus
- No idea on min spend
- No idea on total perks
- Looks like 3x travel
- Annual fee in range of Prestige and Amex Plat: $3-400
- Probably metal but who knows
- Most everyone has drool stains
- This will be debated endlessly til August 21st.
Does the 5/24 apply?
Let’s keep our fingers crossed cause you never know…but probably.
Will Miles get one
He would swear off bananas to get one of these if it turns out to be true. But…Miles has also signed up for like 50 credit cards in the last two years, so the odds of approval are slim. Must start figuring out how to get Chase Private Client without 250k. Hmmmmmm
H/T Million Mile Secrets and Doctor of Credit and Reddit
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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