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Rumor No More: Chase Sapphire Reserve is official
The past few weeks have been an all out gossip extravaganza. I haven’t seen anything like it since Kim broke the internet. I even read on a gas station bathroom wall that there was a new Chase Sapphire Reserve card coming out in August. Oddly the application number started with 1-900, billed per minute, and the gravely voiced phone rep was intent on knowing if I was a boxers or briefs type of guy. Let’s just say I don’t think it was “Jake from State Farm,” but the moral of this story is Miles will go to great lengths to get you guys the scoop! ANNNNNND NOW, after all the speculation, the rumors have been put to rest and Chase announced today that it was official: The Chase Sapphire Reserve card is real and some dude named The Points Guy 😉 was releasing the official deets.
The confirmed Deets:
- 3X points on travel and dining
- 100k bonus after 4k in 3 months – same min spend as Sapphire Preferred
- $300 annual travel credit ( confirmed for ANYTHING coded as travel)
- similar to Citi Prestige and much better than Amex Platinum
- $450 annual fee, Authorized Users are $75
- No Foreign Transaction fees
- 1:1 transfer to partners
- Lounge access is Priority Pass Select
- unclear if only cardholder gets access or if guests are allowed
- $100 fee credit for Global Entry or TSA Pre
- 50% bonus on Ultimate Reward redemption through Ultimate Rewards site
Here are a couple leaked photos that were circulating Reddit a couple weeks ago:
There are also a lot of rumors circulating that people have been approved with more than 5/24
There is a large thread on Reddit that discusses the Chase Sapphire Reserve and a couple days ago a link was leaked. Tons of people signed up and many reported back that they had been instantly approved. Many of those applicants were WAAAAAY over 5 cards in 24 months. Some were mid 20s and higher. Who knows if this is because it was a targeted link that wasn’t supposed to be made public, or if it is a greater sign that the Chase Sapphire Reserver won’t be limited by the 5/24 rule like other cards.
I’m stoked
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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