As we announced the other day the Chase Sapphire Reserve will have it’s bonus reduced from 100,000 points after $4,000 within the first three months in spend to 50,000 points after $4,000 in spend within the first three months. There are a few things that you should know about this change:
- The change goes into place on January 12th. This means that January 11th is your last chance to apply.
- This only affects online application, in branch applications will still have the 100,000 point bonus. When we originally posted we mentioned that March 12th would be the last day for in branch applications at the 100,000 point level. My sources say that isn’t a hard date, so it’s entirely possible/likely that we will continue to see 100,000 points in branch after that date.
- There are no exceptions to this change. This means that Chase Private Client customers will also only receive 50,000 points online.
- The Chase 5/24 rule is based on calendar months. For example if you currently have received 5 cards in the past 24 months then you will not be eligible, if you signed up for one of those cards on January 17th, 2015 then you won’t be eligible for another card until February 1st 2017. If you won’t be eligible until February 1st but still want the bonus what you can do though is apply for the card before January 12th and then call reconsideration on February 1st. You have 30 days from the date of your application to call reconsideration.
- I suspect the ‘selected offers for you’ that bypass Chase 5/24Â will also have their bonus reduced to 50,000 but fingers crossed they stay at the 100,000 point level. Â In branch pre-approvals also bypass 5/24 and they will continue to be 100,000 points.
