Updated new cardmember bonus offers just came out for the newly-refreshed Chase Sapphire Reserve card (consumer version) and the Chase Sapphire Reserve for Business. Everyone’s talking about it…but are they worth pursuing for everyone?
You can read more about these offers here: https://frequentmiler.com/big-new-bonuses-on-chase-sapphire-reserve-and-chase-sapphire-reserve-for-business/
Are those Sapphire Reserve offers worth pursuing?
Watch here:
Or listen here (or click “Follow” on the player below to select your preferred podcast app instead):
(00:41) – Chase Sapphire Reserve welcome offer: 100K points + promo credit good for up to $500 towards a single Chase Travel℠ booking after $5K spend in 3 months
(01:50) – There are some things to keep in mind about that $500 promo credit
(07:09) – Is this worth pursuing for some people?
(11:01) – Chase Sapphire Reserve for Business welcome offer: 200K points after $30K spend in first 6 months
(18:26) – Do we think this card is worth pursuing (personally)?
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I’m over 5/24 and submitted an app for business sapphire just to try my luck. Showed 7-10 days for review but got a denial later that day by letter. Seems like Chase is not relaxing their rules for the new push. Wonder if anyone over 5/24 will make it through the gauntlet. Let us know below
Does purchasing $25 in Lyft cash trigger the $10 monthly Lyft credit on the CSR ?
Try it and report back.
What’s the record for highest percentage of people downgrading/cancelling after their first year? Chase is going to beat it.
Just say no to coupon books. It’s the only way to make them stop. Besides, it’s not even worth a 5/24 or a 1 per 6mo recommended chase velocity slot. Better to get an Ink and then go get some other personal card instead, you’ll have more points, much less AF, and no dumb coupons to worry about.
If a person has to “go for” the statement credits, then the card probably is not a fit.
If the statement credits just happen as a result of a person’s normal spending, then the card probably is a fit.
There are much better/less expensive ways to get 100K/200K Chase points.
Sapphire cards are for suckers.
Totally get that it’s not for everyone, but I have to disagree — we’re able to run $30K through the 3x advertising category, which nets us 90K points just from spend, plus the 200k bonus. That’s about 290K points in value for first year. Even if I only value the $300 travel credit, the math still works for me, even with the $500 extra fee
Lina, if you’ve followed the hobby blogs for a while, you might have seen that there is great animosity towards the BILT card . . . which is quite similar to the Chase Sapphire Preferred. Some of the comments are extreme and one has to wonder what’s up with this. And, they typically come from churners because BILT doesn’t have a formalized sign-up bonus. But, strangely, we don’t hear the same animosity towards the CSP. Hmmm.
I sense something similar is going on with the Chase Sapphire Reserve. Under the now-former annual fee and credits, it was easy for lounge lice types to pick up lounge access for no net cost. Under the new annual fee and credits, it is tougher. They will actually have to spend some money to make the card work.
For an avid traveler, the CSR makes a lot of sense. No hand-wringing over whether you’ll earn enough statement credits to justify the card. Which is a petty way of looking at it rather than comprehensive value received. Those credits will just naturally happen.
I can probably secure credits that total twice the annual fee. Then, the value of the extra points even on direct bookings runs into the thousands of dollars. The card is a drop kick. So, you are right.