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
The rumor of this card started with a Flyertalk post and Doctor of Credit followed up with more rumored information from a reader. According to these reports the card will:
- 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.
Thoughts
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!
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I kind of chuckle at all the sour grapes about Chase’s 5/24 rule. For the rest of us, the 5/24 is great. Now, marketing money that was previously sucked up by a small number of people, who double dipped, triple dipped, quadruple dipped, can now be funneled into higher sign up bonuses.
It is no coincidence that after Chase instituted 5/24, and voilà, their marketing budget now has the money for a 100,000 UR point sign up bonus. This is great. Chase can now offer me, and big bunch of other people, this huge sign bonus. I’m salivating.
I wanted to be annoyed at this tard. “For the rest of us.,” – like he’s some kind of Kennedy instead of a dude posting on blogs from his Mom’s basement. But if you can get past the idiot messenger, the message is accurate. 5/24 is going to work very well long-term, for the responsible among us. People with no jobs or assets who buy $10k of VGG at one time at Staples need not apply. And that will have benefits for everyone else.
Anyone that would actually be interested in opening this card account will be blocked by 5/24. Great move Chase.
If the sign up bonus really is 100k I’ll be opening a checking account at Chase to see if any targeted offers are available to bypass 5/24.
It is really hard to get excited about any card from Chase with their 5/24 rule. As an individual that pays his cc bills before they are due I can understand why Chase would want me to not have their cards. I can only assume they want individuals that don’t pay their bills so they can make additional money off the interest. Because of Chases 5/24 rule I have decided to stop spending on their cards and switching my spending to other cards. Sorry about the rant.
Hum, wonder if they might offer loyal Sapphire Preferred users an upgrade?
Will look forward to seeing the details and use this to replace my Citi Prestige. Hopefully the new Chase card comes with lounge access and Priority Pass
Yes, please. Lounge access to replace the Prestige!
Don’t care b/c of 5/24.
That’s what I was thinking.
Talked to my branch manger today. She said Chase is launching a big new marketing campaign in August. So this could be a big part of it.
If this is true, the timing is good as those disheartened by the Prestige devaluation will have something new, and hopefully attractive, to consider.