Chase Sapphire Reserve®: Spend $4,000 in First 3 Months, Earn
Expired
80,000 Points
+92Deal Score
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Update: This offer is still available for registration
Chase is offering 80,000 bonus points when you spend $4,000 within the first 3 months with the Chase Sapphire Reserve®. Annual fee is $550.
Thanks to community member slk900 for finding this deal.
Card Details:
Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®
$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
1:1 point transfer to leading airline and hotel loyalty programs
Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
Chase is offering 80,000 bonus points when you spend $4,000 within the first 3 months with the Chase Sapphire Reserve®. Annual fee is $550.
Card Details:
Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,200 toward travel when you redeem through Chase Ultimate Rewards®
$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,200 toward travel
1:1 point transfer to leading airline and hotel loyalty programs
Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
These 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.
Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
I will say that Annual Fees can be quite daunting, but if you do a little research into the card and it's earning structure you can do some back of the napkin math to see if it's worth it. There are also various online calculators[thepointcalculator.com] that will do the math on almost every major rewards card.
Also keep in mind the 5/24 rule[nerdwallet.com] from Chase. They will auto-deny you if you opened 5 credit cards in the last 24 months. Which means you need to be at 4 as they count the one you are currently applying for. Other issuers[thepointsguy.com] have their own set of rules for approval.
Words of advice: Do NOT try to game Chase or Amex. Neither has any issue closing your accounts for any perceived "gaming" or "cheating" of their rewards.
Thanks. We do plan to do quite a bit of traveling starting from this holiday. So we figured this might be a good one to use. I think the $550 (while not great) is okay giving all the other benefit $300 travel and others. I suppose the plan is if we decided it it not worth it we simply plan to downgrade to the Chase Freedom or some of their free cards.
I think you misunderstood my post. I'm perfectly aware of how to responsibly use credit cards. But many (if not most) Americans do not. And at a time like this, people are putting necessities on their credit cards just to scrape by which is why I'm surprised banks are encouraging it with juicy sign-up offers rather than slashing peoples' credit limits like they did during Covid. If people are using credit cards to just narrowly get by, they're definitely not paying off their balances in full at the end of each month and the next logical step will be an increase in defaults.
Maybe 'loudmouth' is right and this card isn't being given out to high-risk borrowers. If/when people begin losing their jobs though, today's low-risk borrowers may just become higher risk. I myself have never paid interest in my life nor have I ever been late on a CC payment and I still had my credit limits slashed on my credit cards when Covid hit, so I just assumed banks would be getting more cautious now as people are becoming increasingly desperate to make ends meet thanks to inflation. But apparently not! I hope that works out well for them.
I think what you said the on point. But it's business so I'm sure they know there are some risks involved. Also one has to assume that those with good credit has a decent amount of sense of financial responsibility. For example even with a good credit and as someone that is able to get this card, You can be sure that if I or my partner gets fired from out job, we will have enough to pay back the credit card as well as immediately put a stop to all non-essential spending and reevaluate/cutdown our spending pattern.
Nah I didn't spend 4k yet. Will update when I do hit the spend amount
The bonus offer shows in your account and will say how much it is whether 60K or 80K. Mine shows 60K and I haven't spent 4K yet. It shows on the dashboard of the ultimate rewards website.
The bonus offer shows in your account and will say how much it is whether 60K or 80K. Mine shows 60K and I haven't spent 4K yet. It shows on the dashboard of the ultimate rewards website.
When I talked to the rep on the phone, she said I wouldn't see the 60k change to 80k in my portal. She said that when I hit my 4k spend amount, I'll be awarded 80k instead of 60k since I applied within a month of the upgraded sign up bonus.
When I talked to the rep on the phone, she said I wouldn't see the 60k change to 80k in my portal. She said that when I hit my 4k spend amount, I'll be awarded 80k instead of 60k since I applied within a month of the upgraded sign up bonus.
I would be skeptical on what the reps say. I talked to 3 different reps and also a supervisor and the they all said that the only way to get the 80k is if the marketing team approves the request. They gave me an escalation number for my case a few days ago and the case was denied yesterday by their marketing team. If you don't have an escalation assigned for promotions team to review the bonus, you will not get the 80k bonus. I also got approved for 60K just one day before the promotion changed to 80k last week and still got denied the 80K unfortunately.
I would be skeptical on what the reps say. I talked to 3 different reps and also a supervisor and the they all said that the only way to get the 80k is if the marketing team approves the request. They gave me an escalation number for my case a few days ago and the case was denied yesterday by their marketing team. If you don't have an escalation assigned for promotions team to review the bonus, you will not get the 80k bonus. I also got approved for 60K just one day before the promotion changed to 80k last week and still got denied the 80K unfortunately.
How do you know you got denied? Did you spend the 4k already?
I think you misunderstood my post. I'm perfectly aware of how to responsibly use credit cards. But many (if not most) Americans do not. And at a time like this, people are putting necessities on their credit cards just to scrape by which is why I'm surprised banks are encouraging it with juicy sign-up offers rather than slashing peoples' credit limits like they did during Covid. If people are using credit cards to just narrowly get by, they're definitely not paying off their balances in full at the end of each month and the next logical step will be an increase in defaults.
Maybe 'loudmouth' is right and this card isn't being given out to high-risk borrowers.
Not the person you were quoting but this card is not given out willy nilly. Not only do you need to meet the criteria from Chase regarding your credit. If the amount the algo determines to set your Credit Limit at less than $10,000 you are auto-denied. That comes from the CSR being a Visa Infinite card.
In general travel/rewards cards usually have higher than average credit score and history requirements. On top of the lenders not being known for handing out high lines of credit to just anyone. Especially if you don't have a current relationship (checking, savings, investing) with them.
Quote
from papatoony
:
If/when people begin losing their jobs though, today's low-risk borrowers may just become higher risk. I myself have never paid interest in my life nor have I ever been late on a CC payment and I still had my credit limits slashed on my credit cards when Covid hit, so I just assumed banks would be getting more cautious now as people are becoming increasingly desperate to make ends meet thanks to inflation. But apparently not! I hope that works out well for them.
During covid my Chase Amazon and Chase Freedom both got multiple CLIs that were from Chase. I only knew after I received an email saying my credit limit had increased, which I initially ignored as Spam/Phishing. Neither had particularly heavy use, but they are both quite old now and I had never requested a CLI for them all those years.
I know banks did lower some folks CLs during Covid, but seems they increased others with more out of their good will?
How do you know you got denied? Did you spend the 4k already?
I talked to the rep and she created an escalation ticket for the marketing team to review my request a few days ago and I got a message in my account yesterday from chase that my 80K request was denied. I have been a chase customer for a long time and they don't care about that either and it's all up to the marketing team to approve the bonus points. I called back today and spoke to the supervisor and they couldn't do anything about it as well.
I talked to the rep and she created an escalation ticket for the marketing team to review my request a few days ago and I got a message in my account yesterday from chase that my 80K request was denied. I have been a chase customer for a long time and they don't care about that either and it's all up to the marketing team to approve the bonus points. I called back today and spoke to the supervisor and they couldn't do anything about it as well.
October 16, 2022 and got approved on this day. It was right before 80k bonus went into effect. I also read on a few sites that chase does not match higher bonus offers on their credit cards after getting approved for your current offer after the pandemic since at least 2020 so this might be the reason for denial.
Plat AF is higher ($695) but the benefits you get more than makes up for the fee, if you can work within the restrictions (airline fee only applies to one airline, hotel credit only works if you book FHR/THC, etc). Plus Amex's customer service for these cards are amazing.
Chase's $300 travel credit is easy to redeem but that's not enough to cover the annual fee. They are easier to use abroad though (visa is more accepted than Amex).
It's pretty close but I think the Sapphire Reserve edges out the Plat because you can pair it with other chase cards. The CFF is basically 30k free points a year which already covers the effective $250 fee on the CSR. Pair it with the CFU and the minimum you'd get on any purchase is 1.5x compared to 1x for the Plat.
The Plat is more a card where if you already utilize Uber, Walmart+, and Saks then it's probably worth it. Otherwise it's not really. It'd be a card you get for the SUB then dump after a year. Chase also has way better transfers.
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I will say that Annual Fees can be quite daunting, but if you do a little research into the card and it's earning structure you can do some back of the napkin math to see if it's worth it. There are also various online calculators [thepointcalculator.com] that will do the math on almost every major rewards card.
Also keep in mind the 5/24 rule [nerdwallet.com] from Chase. They will auto-deny you if you opened 5 credit cards in the last 24 months. Which means you need to be at 4 as they count the one you are currently applying for. Other issuers [thepointsguy.com] have their own set of rules for approval.
Words of advice: Do NOT try to game Chase or Amex. Neither has any issue closing your accounts for any perceived "gaming" or "cheating" of their rewards.
Maybe 'loudmouth' is right and this card isn't being given out to high-risk borrowers. If/when people begin losing their jobs though, today's low-risk borrowers may just become higher risk. I myself have never paid interest in my life nor have I ever been late on a CC payment and I still had my credit limits slashed on my credit cards when Covid hit, so I just assumed banks would be getting more cautious now as people are becoming increasingly desperate to make ends meet thanks to inflation. But apparently not! I hope that works out well for them.
When I talked to the rep on the phone, she said I wouldn't see the 60k change to 80k in my portal. She said that when I hit my 4k spend amount, I'll be awarded 80k instead of 60k since I applied within a month of the upgraded sign up bonus.
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How do you know you got denied? Did you spend the 4k already?
Maybe 'loudmouth' is right and this card isn't being given out to high-risk borrowers.
In general travel/rewards cards usually have higher than average credit score and history requirements. On top of the lenders not being known for handing out high lines of credit to just anyone. Especially if you don't have a current relationship (checking, savings, investing) with them.
I know banks did lower some folks CLs during Covid, but seems they increased others with more out of their good will?
When did you submit your application for the CSR?
They waive off first annual fee for sapphire preferred 99$. So, worth trying the same for this
Chase's $300 travel credit is easy to redeem but that's not enough to cover the annual fee. They are easier to use abroad though (visa is more accepted than Amex).
The Plat is more a card where if you already utilize Uber, Walmart+, and Saks then it's probably worth it. Otherwise it's not really. It'd be a card you get for the SUB then dump after a year. Chase also has way better transfers.
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