More Leaked Information About the New Chase Sapphire Reserve Card With 100,000 Chase Ultimate Rewards Point Sign-Up Bonus!

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I recently wrote about the rumored Chase card with a 100,000 Chase Ultimate Rewards point sign-up bonus that’s expected to have perks similar to the AMEX Platinum and Citi Prestige cards.

And now, via Doctor of Credit, we know more about the new Chase Sapphire Reserve card!

More Leaked Information About The New Chase Sapphire Reserve Card With 100000 Chase Ultimate Rewards Point Sign Up Bonus

100,000 Chase Ultimate Rewards Points Is Enough for 4 Round-Trip Coach Tickets Within the Mainland US or Canada. So It Could Be Time to Take Your Loved Ones to Miami!

Here’s the new information!

The New Chase Sapphire Reserve Card

Folks have been speculating about the perks of the new Chase Sapphire Reserve card.  And now multiple sources say it will be available August 21, 2016, with a 100,000 Chase Ultimate Rewards point sign-up bonus after spending $4,000 on purchases within the first 3 months of account opening.

You’ll also get:

  • 3X Chase Ultimate Rewards points on travel & dining
  • 1X Chase Ultimate Rewards points on everything else
  • $300 annual credit for travel purchases
  • $75 fee for an authorized user
  • Up to $100 statement credit for Global Entry or TSA PreCheck
  • No foreign transaction fees
  • Complimentary lounge access
  • Visa Infinite

The card will have a $450 annual fee that is NOT waived the first year.  But the sign-up bonus, Global Entry or TSA PreCheck statement credit, and $300 annual credit for travel purchases, will make this card worth it for lots of folks.

And just like the Chase Sapphire Preferred and Ink Plus, you’ll be able to transfer the Chase Ultimate Rewards points you earn with the Chase Sapphire Reserve to lots of great travel partners at a 1:1 ratio.

Plus, you’ll get even more from your Chase Ultimate Rewards points when you redeem them through Chase Ultimate Rewards travel portal.

Chase Ultimate Rewards points are worth 1.25 cents per point when used for travel on Chase’s travel portal if you have the Chase Sapphire Preferred, Ink Plus, or Ink Bold (no longer available).

But the points from the Chase Sapphire Reserve will be worth 1.5 cents per point!  Meaning the sign-up bonus alone is worth $1,500 when used on travel purchases through the Chase Ultimate Rewards travel portal!

That’s great for folks who prefer the simplicity of booking on nearly any airline without blackout dates, while earning airline miles at the same time.

Note:   It’s not known if the Chase Sapphire Reserve will be included under Chase’s tighter application rules.  That is, if you’ve applied for ~5+ cards from any bank (except these business cards) in the past 24 months, it’s unlikely you’ll be approved for most Chase cards.

This is all very exciting news.  And we’ll keep you updated as we learn more!

With all of these great perks, do you plan on getting the Chase Sapphire Reserve?

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20 responses to “More Leaked Information About the New Chase Sapphire Reserve Card With 100,000 Chase Ultimate Rewards Point Sign-Up Bonus!

  1. If I already have the Chase Sapphire Preferred, will I still be able to get this card and the signup bonus?

  2. @Chris. Think it through. If people got the Citi Prestige bonus when they already had the Premier card………

  3. ……Or people got the Chase Ink bonus when they already had a Sapphire Preferred……

  4. I think this is would be great substitution for the CITI Presitge.

  5. Will this $300 fee credit be per calendar year or every 365 days? Thinking of using it twice in first annual fee cycle (once before December 31, one after January 1).

  6. Do we know if the 5/24 rule will apply initially?

  7. I was planning to get the Chase Sapphire Preferred card next; I’ll hold out and get this one instead

  8. Not bad, but nothing compares to the 4th night free on Citi Prestige, unlimited usage. To me, it’s the best travel card perk out there.

  9. Yes I am. I literally have never been *excited* about a credit card in the way I’ve been excited about this one – I’ve been following the news on reddit pretty much religiously for the past week :D. Not sure how exciting the lounge access will be – I looked around, and the lounges at airports I plan on passing through in the next year either aren’t covered by Priority Pass, or look pretty lackluster, plus it’s unclear if I’d have to spend the extra 75$ for my wife to join me, which I’m leaning towards not being worth it… but the increase in points-earning on restaurants and travel, coupled with the increase in *worth* of said points, may turn out to be enough on its own to justify the extra 55$ permanently, if the 300$ travel credit is as open-ended as it sounds like it might be (verdict still out on that one).

    *Definitely* worth getting the first year, at least, though, for a monstrous sign-up bonus plus free Global Entry (which I haven’t bothered with, as it’s really a ‘nice to have’, not a ‘must have’). I’m camping out my local Chase opening day to make sure everything goes through correctly. 😀

  10. I recently applied for a Chase United Club card and was denied right away because of the 5/24 rule. I got a flyer in the mail with no annual fee for the first year and some great perks. It really stinks when I have over an 800 scores. These new cards sounds credit. I told the lady on the phone that I love chase but hate their new policy. She said they are looking at it (the 5/24). I don’t really know what that means. They have to be losing so many customers. I guess i will be concentrating on American Express and Citi Cards.

  11. The big question is if the 100,000 points can be transferred and used to qualify for the Southwest Companion Pass.

  12. Heh, yeah. I’m super lucky – I didn’t even know about the 5/24 rule until I started looking into applying for the CSR, and saw literally hundreds of people complaining about it on reddit… but totally by accident, it appears I’m at 4/24 right now, so yay for me.

  13. @Glenn While I can’t confirm, I doubt these new UR points will count towards the Southwest Companion Pass. That’s only because the existing UR points don’t count.

  14. Glen, transfers directly from your ur account do not count towards the companion pass. The only way I know of to do if is to transfer them from ur to hyatt then to sw. You will loose about half you points doing this. It’s wort it if you only need a semi small amount to top off your account. I could be a little off on my numbers but from what I remember from when I did it, I lost Aprox half my points in the transfer. It would cost you around 220,000 ur points to get the companion pass. You would have to travel a lot in the next year (or 2 depending on how you timed it) to make it worth it.

  15. Adriene and Glenn, another trick that you can do to earn a Southwest Companion Pass is to purchase a Marriott hotel and air package. For 270,000 Marriott points you can get 7 nights in a category 1-5 Marriott and 120,000 Southwest miles which would earn you the companion pass. Points can be combined between your account and your spouse’s account too.

  16. Is the $300 airline credit for actual plane tickets, or is it strictly for things like baggage fees?

  17. I’m curious as well about the airline credit. Hopefully it’s like AMEX plat.

  18. @Chris – Yes, because the Chase Sapphire Preferred and the Chase Sapphire Reserve card are considered different card products.

    @Darwin – It definitely could be!

  19. @Mike M0 – It most likely will be per calendar year, but the details aren’t official yet. We’ll keep you posted as we learn more!

    @Mark B – We believe it will, but we’ll let you know if it doesn’t. 😉

    @Teresa – Great idea!

    @Adam – I’m excited too!

    @Glenn – Most likely not, at least not if you transfer directly from Chase to Southwest. You can read my post about 3 mistakes that won’t get you the Companion Pass:

    @Becky & @Anthony Tseng – Those details aren’t official yet, but stay tuned because I’ll post everything I find out!

  20. there’s a bit in the terms and conditions that says current or past cardmembers with the same rewards program may not be eligible for the bonus… have you ever heard of that happening?
    got the sapphire preferred <2 years ago — given the short(ish) time does it sound like i'd still be able to get the bonus?

    even citi has stopped giving bonuses again within 24 hrs