A well connected reader has let us know that Chase would be offering some Chase Sapphire Reserve cardholders retention offers if they wanted to cancel after their first year of being a card member. The offers will be individualized by account and it’s possible that only Chase Private Clients will be eligible to receive a retention offer. Chase has already sent out letters to cardholders tallying the value they have received in their first year in an effort to proactively reduce cancellation rates when the second years annual fee becomes due. Chase has been looking to cut $200M in costs due to concerns that the card isn’t profitable.
If anybody successfully receives a retention offer on this card (or doesn’t) please share your experiences in the comments below, as well as things such as whether you have CPC status or not. You can read our complete guide to retention offers here. You’re unlikely to get an offer until after your annual fee posts, so wait until then. Keep in mind you have 30 days after the annual fee posts to cancel and receive a refund.
