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Chase Sapphire Reserve Features, Benefits & Bonus CONFIRMED by Screenshots

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Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Links in this post may provide us with a commission.

chase sapphire reserve info

Chase Sapphire Reserve Confirmation Screenshots

Update: The Chase Sapphire Reserve card is now available to the public. You can find out much more information about the card along with how to apply in this post.

A few weeks ago rumors began to surface about the new premium Chase Sapphire Reserve card. I decided to cover them mainly because I was almost 100% sure that they were true. I was at least almost certain that the card did exist and that it would be coming out. Now, it seems we have confirmation via screenshots from this Doctor of Credit post which I have included below with permission.  Let’s look at the screenshots and go over what has been confirmed.

The Offer

I know a lot of you will be interested to know what the sign-up offer will be on the card. Just as had been rumored, the sign-up bonus is:

  • 100,000 Ultimate Rewards points after $4,000 in purchases within the first 3 months.

Card Benefits

The following benefits have been confirmed as well:

  • 3X points on travel and dining at restaurants worldwide.
  • $300 annual travel credit – “Automatically applied to your account for travel purchases charged to your card.”
  • 50% more value when you redeem points for travel.
  • No foreign transaction fee.
  • 1:1 points transfers to partners like with the Sapphire Preferred and Ink Plus.
  • $100 Global Entry or TSA PreCheck fee credit.
  • Complimentary airport lounge access to 900+ lounges.
  • Visa Infinite

The following items have not been confirmed via screenshot, however the source of the screenshot confirmed them:

  • Annual fee: $450
  • Authorized users: $75

sapphire reserve3 sapphire reserve2 sapphire reserve1

2.25% Everywhere for Travel

My friend Richard Kerr @thepointsjock mentioned the fact that this card in combination with the Freedom Unlimited means you could earn 2.25% towards most travel on all purchases. That is a great rate and is only bested by the Travel Rewards card from BofA for Platinum Honors members.

Conclusion

This card is real and I think it is compelling, especially if that $300 credit is as automatic as the wording seems to indicate. We still have more to learn as the launch approaches in the coming weeks but as a new sign-up it is a no-brainer (we don’t know how 5/24 will apply) and even as a conversion, it may offer enough value for some people. We will just have to wait and see.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Shawn Coomer
Shawn Coomerhttps://milestomemories.com/
Shawn Coomer earns and burns millions of miles/points per year circling the globe with his family. An expert at accumulating travel rewards, he founded Miles to Memories to help others achieve their travel goals for pennies on the dollar. Shawn also runs a million dollar reselling business, knows Vegas better than most and loves to spend his time at the 12 Disney parks across the world.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

29 COMMENTS

  1. I’d like to double dip on Hotel gift cards. 2016 then again in January 2017. Like many do with Amex Plat and airline gift cards. Wonder if any hotel gift cards would code as travel?

  2. Do you think Chase will allow current SP cardholders to “upgrade” to the Reserve version and get the 100k bonus points?

    My issue is that I have 155k in credit lines from Chase (and I have an 850 Fico). The last card I got was an Ink Plus to get the 60k UR bonus, and they had to reconsider approval due to me being over-extended with available credit from them, and then they only approved a 5k credit line. I fear next time they won’t approve at all.

    • I suspect they will based on what they allow now, but they may be selective too. We will just have to wait to see what they do with this card since it both replaces their Private Client Palladium card and fills a downmarket segment from that as well.

  3. How funny-my Chase banker let me look at her screen of those very screens this afternoon. She said the bank training was just released for the card today. I sure hope 5/24 doesn’t apply!

  4. Does $300 travel credit have to be all in on go, or can it be little by little?

    Also, through what capacity are 900 lounges being offered? Priority Pass?

    • Considering the fact that Amex Plat and Citi Prestige both issue the Priority Pass Select, I would
      assume that this card would follow suit.

    • At this point we don’t know since this information is coming from leaks. The 900+ number is the same used to advertise Priority Pass Select so that would be my guess as to the answer of that question. Normally a credit doesn’t need to be used in one go, but I can’t confirm that answer.

  5. If I’m properly understanding the $300 travel credit, it applies to any travel related expense, including airfare and not just incidentals? That would bring down the actual annual fee to only $150. Lastly, do you know if it offers primary rental car insurance?

    • I would wait for the full product release, but based on the info it does seem to cover all travel. Still, that could be further clarified in some fine print. As for insurance, it doesn’t say but my thinking is it will considering both of the other premium Chase cards are primary.

  6. I am 6/24 in terms of credit cards but I wonder is the 5/24 rule will apply because a fee of 450 up front is going to deter a card churner, don’t you think? I have both the Prestige and the Shappire Perfered and I would love to add this one to the portfolio

    • Would be nice, since I’m probably 9/24. That $450 AF isn’t going to deter this churner, especially with the $300 annual travel credit. I’d be very surprised if this card isn’t covered by the 5/24.

  7. I’m assuming this card will match or exceed the miscellaneous travel benefits offered by the Sapphire Preferred. Anyone here know?

  8. Shawn, at first blush this new card might severely cannibalize the current Sapphire PFD. Seems that it might even be a replacement.
    I won’t go into metrics but I’m certain you see them.

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