Chase Sapphire Reserve Rumors
Chase as a bank has grown tremendously within the credit card realm in the past few years, mostly on the back of their strong co-brand relationships and their very popular Sapphire Preferred and Freedom cards. During that time they have also managed to snag a nice chunk of the high-end market from American Express according to various sources.
What is missing though from Chase’s lineup is a premium card similar to the American Express Platinum or Citi Prestige. They do have their flagship travel rewards card in the Sapphire Preferred and their exclusive Chase Palladium (think Amex Centurion), but nothing in the middle. Well, rumors are now that they will soon fix that with the new Chase Sapphire Reserve.
Chase Sapphire Reserve Details
- Have an annual fee in the $300-$400 range.
- Earn 3X Ultimate Rewards on travel.
- Come with a 100K sign-up bonus.
- Be made of bonded metal similar to the Sapphire Preferred
- Have similar benefits to the Amex Plat/Citi Prestige, although specific details aren’t known.
- Launch on August 21, 2016
Of course this card will most likely be subject to Chase’s 5/24 guidelines, but worrying about that right now seems pointless given that this is all speculation and until this card is actually available we won’t know.
It isn’t everyday the largest credit card issuing bank launches a premium card, so I thought this was worth covering even as a rumor. Obviously, if this card does launch with a 100K bonus (and that is a big if), it will be worth getting no matter what other benefits the card has. Of course I am sure it will come with some sort of lounge access and perhaps an air credit, but I also hope Chase does something else to distinguish it. They could also play it safe feature wise given their relatively strong position in the market. Only time will tell.
Given the rumored information above, do you think this card is actually coming? Will it actually have a 100K bonus? What unique features could Chase give customers to entice them to sign-up? Let us know your thoughts in the comments!