Can You Upgrade to the Chase Sapphire Reserve?

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If you’re unable to get approved for the new Chase Sapphire Reserve card, you might consider a Sapphire Reserve Upgrade from an existing Chase card.

You will NOT earn the 100,000 point sign-up bonus, but you’ll still get the card’s other great perks.  For example, the $300 annual credit on travel purchases3X Chase Ultimate Rewards points on travel & dining, and the Priority Pass Select membership.

And you’ll be able to get 1.5 cents each for any existing Chase Ultimate Rewards points you have when you redeem through the Chase Ultimate Rewards Travel Portal.

Sapphire Reserve Upgrade

With the Chase Sapphire Reserve Card, You’ll Get a 50% Bonus When You Redeem Chase Ultimate Rewards Points Through the Chase Travel Portal! This Means You’ll Use Less Points to Book Flights Like JetBlue Mint Business Class!

I’ll explain how you can upgrade!

Which Perks Will You Get by Upgrading to the Chase Sapphire Reserve?

Link:   Chase Sapphire Reserve

Link:   My Review of the Chase Sapphire Reserve

When you do a Sapphire Reserve Upgrade, you’ll get:

  • 3X Chase Ultimate Rewards points on travel & dining
  • 1X Chase Ultimate Rewards points on all other purchases
  • $300 annual credit for travel purchases such as airfare and hotels
  • $100 statement credit for Global Entry
  • Priority Pass Select for access to airport lounges
  • No foreign transaction fees
  • Visa Infinite benefits like $25 food and beverage credit at the Luxury Hotel Collection and complimentary car rental elite status with Silvercar

You’ll also have to pay a $450 annual fee, which is NOT waived for the first year.  But the annual travel credit, Global Entry credit, and airport lounge access can more than offset the annual fee.  And you won’t get the 100,000 point sign-on bonus.

Sapphire Reserve Upgrade

With the Chase Sapphire Reserve, You’ll Get a Priority Pass Select Membership for Access to Airport Lounges Like the Virgin America Loft Lounge in Los Angeles!

And you’ll get a 50% bonus for travel booked through the Chase Ultimate Rewards Travel Portal.  To get more Big Travel, you can combine points from other cards like the Chase Freedom or Chase Ink Plus (no longer available).

Sapphire Reserve Upgrade Cards

Only certain Chase cards can be upgraded to the Sapphire Reserve, including:

You can NOT upgrade other airlines, hotel, and small business credit cards issued by Chase.

And you must have had the eligible card open for 1 year to upgrade.

You’ll also need to qualify for a $10,000 credit limit with Chase because the Sapphire Reserve is a Visa Infinite card.  For example, if your Chase Freedom Unlimited has a $5,000 credit limit, Chase will need to review your info to make sure you’re creditworthy to get a higher limit.

Sapphire Reserve Upgrade

If you want to upgrade to the Chase Sapphire Reserve, you can contact Chase at the phone number on the back of your current credit card.

Sapphire Reserve Upgrade

To Upgrade to the Chase Sapphire Reserve, You Can Call the Number on the Back of Your Eligible Chase Credit Card

Because you’re upgrading, the process will be similar to applying for a new credit card.

You’ll have to tell the Chase representative your income to make sure you qualify for the credit limit on the Chase Sapphire Reserve.

Note:   If you upgrade from the Chase Sapphire Preferred, you can get a prorated refund of your annual fee.  For example, if you paid your annual fee 6 months ago, you’ll get 50% of the annual fee refunded when you upgrade to the Sapphire Reserve.

And there’s no annual fee to get back from the Chase Freedom or Chase Freedom Unlimited!

Should You Upgrade?

It depends!

If you upgrade, you’ll be missing out on the 100,000 Chase Ultimate Rewards point sign-up bonus.  But, upgrading might be the only option for some folks who are impacted by Chase’s stricter application rules.  You also won’t have to meet a minimum spending requirement to get the card’s other perks.

It could be worth upgrading if you spend a lot on travel and dining.  Because the 3X Chase Ultimate Rewards points you’ll earn on these categories can go toward Big Travel on Chase transfer partners like Southwest and Hyatt!

You’ll also get the $300 annual travel credit on purchases like airfare and hotels.  And if you upgrade this year, you could earn the credit by the end of 2016 and again in early 2017 before your second annual fee is charged.

Bottom Line

Some folks might consider upgrading to the Chase Sapphire Reserve if you’re impacted by Chase’s tougher application rules and can’t get certain new cards with Chase.

By upgrading, you’ll get perks like 3X Chase Ultimate Rewards points and the $300 annual travel credit.  But, a Sapphire Reserve Upgrade won’t get you the incredible 100,000 Chase Ultimate Rewards point sign-up bonus.

You are eligible to upgrade if you’ve had the Chase FreedomChase Freedom Unlimited, Chase Sapphire (no longer available for new sign-ups), or Chase Sapphire Preferred for more than 1 year.  Just call the Chase number on the back of your current credit card to upgrade.

Are you thinking of upgrading to the Chase Sapphire Reserve?

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10 responses to “Can You Upgrade to the Chase Sapphire Reserve?

  1. Chase told me yesterday that I absolutely could not upgrade my CSP to CSR. They said I could downgrade it but not upgrade. Was she wrong?

  2. I can upgrade from Freedom to CSR ( Nina is the card open les sthan a year?).

    The ? is will I be able to downgrade back to Freedom with quarterly bonuses next year after 2nd $300 posts? If they let me downgrade will they force me into the Freedom Unlimited?

  3. Can I upgrade now, pay the annual fee and downgrade in 12 months so I can apply for the CSR? Will that allow me to apply for CSR? Granted that the signup bonus may not be at 100k this time next year but I just want to make sure, I’d still be bonus eligible.

  4. For the Chase Reserve Fee, when is the $300 annual credit available and when is the annual $450 fee due?

    Is the credit eligible at the first of the year, and the fee paid on Day 366 with the card? So if I am approved September 1, will I get my first $300 then, my second $300 January 1, and the second annual fee would be paid on September 1 2017? Is that right?

  5. The $300 annual credit is immediate and will be posted within a few days to a few weeks of spending your $300 or less. The $300 is renewed each January. It’s the same as the Citi Prestige and Amex Plat cards

  6. Thank you for the post. I took this option to upgrade my Chase Sapphire (no fee) to Reserve. Comparing with Amex Plat this one is better when you compare the cost to add additional cards. With reserve it is 75 and in Amex Plat it is 175 upto 3. Just something to consider.

  7. I called Chase and they do not yet have the availability to upgrade any of the above mentioned cards to the new CSR card. They said it will be coming, but not right now. They will downgrade your CSP to a CS however because that is available. Just not to upgrade yet. The customer service rep said to keep checking back but that it will be available at some point. Anybody have any further insight?

  8. I called Friday 8/26 and upgraded my CSP to CSR with no problems. The rep asked no questions and retrieved no additional info– it was quick and easy. She did read some mandatory disclosures, and said there may be a delay in getting the new card because of the high demand. In the meantime, I’m using my existing CSP (it’s the same CC # as the new CSR card) and earning UR points at the new, higher rate.

    So, if a rep has told you that you can’t upgrade … Call back and speak to a different rep. :-). (It’s possible they’ve put a temporary hold on all upgrades since I did mine four days ago, but that seems unlikely).

  9. Question- If I upgrade my CSP to the CSR, will I still be able to use the travel delay and trip protection benefits from the CSP for travel I’ve already booked and paid for with my CSP?

  10. I just got off the phone with Chase. They can not upgrade my CSP to CSR because you need a least $10k CL, I only have $5k.

    Basically, an HP is needed to request a CLI or apply and get the 100,000 offer. I know I will get denied, going to have to pass