The Offer
- Via The Infatuation, Chase is offering 65,000 points after $4,000 in spend within the first three months from card opening on the Sapphire Reserve card.
Card Details
- $550 annual fee
- Card earns at the following standard rates per $1 spent:
- 3x points on travel &Â restaurants
- 1x points on all other purchases
- No foreign transaction fees
- $300 annual travel credit
- Primary car rental insurance
- Visa infinite benefits
- Full review on Chase Sapphire Reserve can be found here.
Our Verdict
Standard bonus is now 60,000 points while this link gives a better 65,000 points bonus. We might not add this to our list of Best Credit Card Signup Bonuses since not long ago there was a higher 75k offer. Some might prefer to signup at the lower bonus using a friend’s referral link.
Hat tip to bazingy-benedictus
Can anyone confirm this. I know with the Chase bank account bonuses, if you try and sign up for the bonus and you don’t qualify (like because of timetables, being too early), it will give you a warning before proceeding with the application.
Does the CSP/CSR application do the same? P2 does not have the statement from prior bonus, and is not 100% sure on the timing. Not sure if can try applying and get a warning if it’s too early, or wait it out a couple more months to be sure?
Is there a time table on this offer?
Probably closing the CSR next year as I can’t justify the $550 AF anymore. The Venture X has the best value for the premium card
You can downgrade to CSP or Freedom and keep your established account.
it’s a POS card, only worth it for the Apple 33% off promo as it’s a flat % off new machines that will not go on-sale (e.g. highest end M4 Max chips) but their portal has limited offerings (even though their getting Apple to drop-ship orders)
why this over Venture X? X literally gives you $5 to keep the card.
Never got $5 from Cap One to keep it and I’ve had it for 3 years. Did you join under a special promo/referral?
Wick is referring to the annual $300 travel credit and annual 10,000 miles bonus, and valuing them at $400 total. My valuation is slightly lower than that but Wick’s point is fair.
Ah, I get it. Net value of benefit and not $5 sent to you. Thanks.
$300 travel credit plus 10,000 miles (~$100).
Not sure I see a reason to get this over the CSP anymore. The Reserve removed Priority Pass dining and the monthly Instacart credit. The CSP now has a $50 annual hotel credit and you get 10% bonus points each year. And a 65K SUB is lame for such an expensive card.
My main reason for applying for the CSR over the CSP earlier this year was to use PYB on a bunch of UR points that I had been hoarding. Other than that and the 2 $300 travel credits, you are probably right.
Aren’t the 2 $300 travel credits only for existing customers for this one time only?
Yes, the Chase Sapphire reserve is now a churn card every 48 months otherwise it’s a dumpster fire and really I don’t know why you would pick that one over CSP.
No, where did you get that idea? If you time the eventual downgrade correctly, you should have access to $300 of travel credits in the 1st cardmember year and another $300 after the card’s 1 year anniversary passes but before you downgrade.
It might make sense if you’re burning URs @ 1.5 cpp via travel portal. I know people with CSP / CIP burning sizeable stashes of URs @ 1.25 cpp, and whenever I say that extra $150-200 a year they’d pay for CSR would save them more points / money they tell me that they don’t want to pay $550 AF.
I mainly use my URs through the travel portal at 1.5. But I’m planning to downgrade the CSR and then apply for the CSP and get the 70K SUB plus referral bonus from P2. The bonus points will more than make up the difference going from 1.5 to 1.25.
Chase travel portal prices are rarely competitive anymore. Just booked a hotel in Japan on booking.com for $300, same hotel same dates was $423 on Chase. It’s a not-so-subtle devaluation of UR.
I usually only book flights through the travel portal, always the same as airlines’ sites in my experience. Hotels are usually best when booked directly, again in my experience.
CSP + VX is cheaper and gets you into both systems.
I literally just applied for this card yesterday at 60k points :sob:
Just call chase card services they will give you the extra 5k points after you finish the $4,000 sign up bonus
I secure messaged them and they said “We reviewed the offer to receive 65,000 points and
determined your account does not qualify because
promotional offers are only available for select credit
cards and they aren’t transferable between accounts.”
Bunch of bull that is.
will we ever see 100k again in our lifetime?
Depends on your lifespan. Once inflation devalues UR points enough, I’m sure there will be.
Chase might get bought out by Chime. By then the Sapphire product line will gone. It could be replaced by Brass.
Ah, Chime.. FinTech… the Artificial Intelligence of yesteryear… and the dot-com bubble before it. How sustainable. So bespoke.
My money is on Mercury Financial buying out Chase, once Jamie Dimon declares that he has a small PP. It’s only a matter of time.
Most of the guys here have a small Priority Pass.
Only 8 vists per year. /s
I’d settle for an answer to “will we see 100k again within 4 years?”.
But if I gamble on “no” and take the 65k I suppose Chase will change 1/48 to once per lifetime then offer 150k.
Not if you’re a boomer.