My new Chase Reserve card will pay for my Global Entry renewal next year. Cha-ching! (Image: CBP)
Rumor has it that the uber-popular Chase Sapphire Reserve card will lose its tempting 100,000 point sign-up bonus after this Wednesday, January 12. So if you’ve been sitting on the fence about this one, now is the time to act. After January 12, the bonus drops to just 50,000 points.
Last fall, I signed up for the card right away, hit the $4,000 spend limit and how have 100,000 points in my Chase Ultimate Rewards account poised for redemption for my summer vacation… Hawaii? Italy? Peru? I can’t decide!
To get the bonus, scroll up to the top of this post and click on our Credit Card Deals tab, and look for the Chase Sapphire Reserve card. Get crackin’!
To refresh your memory about card benefits, here’s a re-do of our post from last fall when Chase first introduced the card…
You’ve been hiding under a rock if you’ve not heard all the hoo-hah about the new Chase Sapphire Reserve card by now.
Chase introduced the new card last month and it now appears to be one of the most successful card launches ever. So successful in fact that the bank ran out of the plunky metal cards and is sending temporary plastic ones instead.
I’m not a credit card churner or gamer. When I get one, I typically hold on to it for years because I just don’t have the time to keep up with every new card bell or whistles that comes out. Right now, I have a total of five active credit cards (three in my wallet and two in my desk drawer).
Is it time for me to get another card? Yes. So, soon I will have six cards because I’ve just been approved for the new Chase Sapphire Reserve card. It’s that good.
You can redeem Chase Ultimate Rewards points to lounge around on a Korean Air A380 (Chris McGinnis)
1> I can’t resist the 100,000 point sign up bonus. And those are 100,000 Chase Ultimate Rewards points…one of the most valuable currencies out there because they can be redeemed or transferred with so many top shelf travel suppliers. (Such as United, Air France/KLM British Airways, Korean Air, Southwest, Hyatt, Intercontinental, and Marriott). With a 50% bonus for booking travel with Chase Ultimate Rewards, that 100,000 points translates into $1,500 in travel. Not bad!
2> Since I put all our household expenses on a single card, I’ll easily be able to reach the $4,000 dollar spend threshold within three months of getting the card– that’s just $1,333 per month.
Earn 3 points per dollar spent on dining out and travel (Photo: Chris McGinnis)
3> In our household, we spend a lot of money on travel and dining out— with the Reserve card, you get THREE points per dollar spent on those purchases. That’s significant. One downside is that you earn just one point per dollar spent on everything else.
4> I can afford the $450 annual fee (which is not waived in the first year). Chase makes it easy to swallow this bitter pill with an annual travel credit of $300. That brings the cost down to a still pricey, but easily digestible $150, especially when you consider what I’d pay for this card’s benefits. For example, my Global Entry card expires next year. With the Reserve card, Chase offers a $100 credit toward Global Entry or PreCheck. This card offers primary rental car protection and includes generous trip cancellation, delay and luggage insurance.
My new Reserve card provides access to 600 airport clubs, like the VIP Lounge at Barcelona El Prat Airport- which served bugles on my last visit! (Chris McGinnis)
5> It also provides access to hundreds of airline lounges in the US and abroad, saving me from having to pony up steep per-visit fees when I’m stuck at a faraway airport– and not flying business class.
So I’m convinced that this card works for me. What about you?
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Bill Pisor says
January 21, 2017 at 11:34 amThanks. We’ve been with Chase for about 3 years now and have not received or seen any offers. They must be few and far between!
Chris McGinnis says
January 21, 2017 at 11:23 amHey Bill: Chase periodically will send targeted offers to cardholders with things “$100 off Caribbean hotels booked on UR site” or specific things like that. That’s where you’d enter the code provided with the offer.
Bill Pisor says
January 21, 2017 at 11:16 amI have used my UR Points for travel several times now (car rental, airlines using MS points) & when booking on Chase’s site there is a “Promo Code” fill in before confirming my purchase using my UR points.
Question: Has anyone plugged in any kind of Promo Code there and/or what kinds of codes would be allowed towards a purchase? Would it reduce the points needed or increase an award for using it? Just wondering????
Thanks for any input on this….
MadMac89 says
January 9, 2017 at 8:03 pmIts too bad that Chase has stopped writing Joint credit card applications. If you are a single income family, Joint Credit accounts are appealing as an estate planning feature.