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Rumor Update2: Is Amex’s announcement the TIER ONE?
Tier One…this is rumor people. Unlike Doctor of Credit who has some inside sources at Amex, I’m just doing some good ole’ digging and trying to connect some speculative dots. I originally saw the rumors posted on Reddit and thought it would be fun just to speculate its veracity. Some of those same contributors who posted have said it’s silly to speculate from a random post. Guys…This is fun! I certainly am not guaranteeing anything nor substantiating any rumors, but I first posted because I’m a geek for this stuff and it’s fun. For goodness sakes I write with Miles.
After seeing the post pop up on DoC it occurred to me that this thing could actually be real. So I started thinking about the series of steps Chase took to release their Reserve. They, too, surreptitiously leaked their card online through Reddit and Flyertalk. Coincidence? Maybe. But, one of the big things that validated the leaks was the revelation that Chase had registered a trademark: Sapphire Reserve. Well, American Express has just registered a trademark under the same classifications as the Reserve named Tier One. So will Amex release a new card named the American Express Tier One?
American Express Tier One has a nice ring to it.
Here are the trademark registration details. The status has also been updated as of yesterday – ironic since that’s when the gossip started. Whereas when you look at the Reserve status it was updated September 5th. 
And here
These registrations look strikingly similar to Chase’s registration of Reserve:
I have no idea if this is true or not, but the speculation is SUPER fun
I mean, the credit card landscape has tremendously changed in just the last year or so. With the introduction of Prestige and Reserve, Amex NEEDS to do something to bolster their position in the market. Not to mention the fact that they lost Costco…Now there is BIG TIME buzz about an announcement in October. I MEAN CAHMON – this is amazing for us point geeks.
Certainly American Express registering the TIER ONE trademark doesn’t mean this is a new card or that they are even releasing a new card. But, you have to admit…it makes it a wee bit more fun =)
Maybe this October announcement is the TIER ONE, maybe it’s just added benefits. Who knows…it could be nothing or there could be no announcement. But then again…Maybe someone reading this already knows about the TIER ONE and can rule it out or in. If so…lemme know.
Let the speculation begin
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.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.