Chase Announces the Sapphire Reserve Card

Let’s just put it out there folks. The Chase Sapphire Reserved is probably the most anticipated credit card of 2016. Make that the decade. All blogger-doms have circled the JPM campfire in a heated debate about what is fact and what is fiction. The wait is over; details confirmed.

Chase Sapphire Reserve

The Chase Sapphire Reserve – one card to rule them all!

The Good

A majority of the details that leaked over the past few weeks ring true.

The Bad

Although this is a Visa Infinite card, it does not carry the $100 airfare credit. In my opinion, we should take this with a grain of salt; Chase has to make a desirable product while maintaining a profit. Also, we need to keep in mind that the $300 yearly credit is pretty generous in itself.

Remember what happened to Citi’s Prestige card? It was fairly generous, and yet Citi changed a few benefits and dropped others. It also didn’t help that too many people took advantage of the sign-up bonus.

The Ugly

In all, there isn’t anything I can list without sounding a bit greedy or trivial. Access to Priority Pass pales in comparison to Amex’s Centurion Lounge, and while I have not had the opportunity to visit on yet, I hear that they are suffering from the stress of their success with overcrowding. That said, there is the 5/24 rule which in one hand keeps card-churning under control, but at the same time limits your ability to apply for as many cards as you want.

There is a solution.

If you have not fallen victim to the 5/24 rule, and you have excellent credit, you can apply as usual. If you have succumbed to the 5/24 rule, you can request to upgrade your existing Chase Sapphire Preferred. You will not get the bonus, but you will get the card and everything else that comes with it.

Decisions, decisions.

Chase Sapphire Reserve Travel Benefit Details

I would be remiss if I did not mention the incredible benefits included with this card; published benefits here.

  • $450 Annual Fee (not waived)
  • 100k Ultimate Rewards signup bonus
  • $300 travel credit per calendar year
  • Free Global Entry or TSA Pre ($100 value if you don’t have it already – available every four years)
  • Free Priority Pass Select Membership for airport lounge access (not sure about number of guests included)
  • No foreign transaction fee

Looking For a Comparison?

NerdWallet has a great comparison between the Chase Sapphire Preferred and the Chase Sapphire Reserve: “Chase Sapphire Reserve Review: A First-Class Premium Travel Card“. Update (19 August 2016): Points With A Crew also has a quick read comparing the card to the Amex Platinum and Citi Prestige: “Chase Sapphire Reserve vs. Amex Platinum vs. Citi Prestige“.

Summary

The Chase Sapphire Reserve is a great card with a great set of benefits. I don’t know about you, but I’ve been reasonably careful with my applications, and I will be able to apply with no issues. My choices involved me not taking the bait earlier in the summer when the American Express Platinum went up for their annual 100k offer. Two problems held me back. The first was that while I enjoy the Amex experience, Membership Rewards just aren’t as valuable. Second, I wanted to leave myself some bargaining room just in case Barclays Aviator upped the ante January 2017 or Marriott came out with a new card due to the merger.

I am sure all will be revealed in less than a week. Until then, let’s continue the discussion in the comments below.

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I am Founder and CEO of Hitorishibai. I am a former DJ, middle managing jack of all trades and protector of freedom. I enjoy running, travel, tech, gadgets, fitness. Klark currently works in the Nashville metro area. In his free time, he likes to go home to Florida or take short flights around the world for a new adventure. This site is for those who want to maximize their time, money and efforts.

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  • Great overview! A few other perks to consider:
    -That airport lounge access gains you entrance to 900+ lounges
    -select Visa Infinite hotel, air and car rental perks
    -lots of insurance features (lost luggage, trip delay and cancellation, car rental, etc)

    Source: http://www.creditcards.com/reviews/chase-sapphire-reserve-card/

    • All great points. Priority Pass with guest is indeed a great benefit. Chase has reliably produced a solid product. No complaints.

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