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Rumor: 100,000 Chase Ultimate Rewards Point Sign-Up Bonus With New Card Coming Soon!
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Million Mile SecretsMillion Mile Secrets Team
We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.
Via FlyerTalk, there are rumors of an exciting new Chase travel credit card that may be released within the next month. This is NOT official or confirmed!
Folks on Reddit and FlyerTalk are saying the new card will be an upgraded version of the Chase Sapphire Preferred card. There are rumors it’ll be called the Chase Sapphire Reserve or Chase Sapphire Elite. And that it’ll be open to sign-ups on August 21, 2016.
Perks are expected to be similar to the AMEX Platinum and Citi Prestige. This new Chase card will have an annual fee of ~$300 or ~$400, which is similar to premium cards from other banks.
If you’ve opened ~5 or more credit cards from any bank (excluding certain business cards) in the past 24 months, it’s unlikely you’ll be approved for most Chase cards.
I’ll be sure to update y’all when I find out more!
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Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
No foreign transaction fees
1:1 point transfer to leading airline and hotel loyalty programs
Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)
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8comments
John
I for one really hope that they offer a promotion to upgrade people from Sapphire Preferred to Sapphire Reserve.
Jules
Do Hyatt credit cards fall under the 5/24 rule?
Nathan
Angelo – Depends on the card. Not all co-brand cards fall under the 5/24, like IHG card for example I was able to get even though I had 15+ new cards in the previous 24 months. It started out mainly being the Chase Ultimate Rewards cards, now it seems to be slowly spreading into some of the co-brand cards like Southwest, United, Marriott, etc.
Unless the 5/24 rule changes for this card, there are going to be a number of unhappy travel hackers if this really ends up being a 100k bonus offer.
Angelo
I really don’t understand the 5/24 rule as I have been approved for 3 chase cards in the last 6 months and I was over the 5/24 rule by a lot and all they did was shift my credit through my 4 current to the 2 new and the business one got a large limit on its own since I have didn’t have anymore business ones as I churned them. Am I missing something?
David
This would be awesome if it weren’t for the 5/24 we don’t want your business rule.
I for one really hope that they offer a promotion to upgrade people from Sapphire Preferred to Sapphire Reserve.
Do Hyatt credit cards fall under the 5/24 rule?
Angelo – Depends on the card. Not all co-brand cards fall under the 5/24, like IHG card for example I was able to get even though I had 15+ new cards in the previous 24 months. It started out mainly being the Chase Ultimate Rewards cards, now it seems to be slowly spreading into some of the co-brand cards like Southwest, United, Marriott, etc.
Unless the 5/24 rule changes for this card, there are going to be a number of unhappy travel hackers if this really ends up being a 100k bonus offer.
I really don’t understand the 5/24 rule as I have been approved for 3 chase cards in the last 6 months and I was over the 5/24 rule by a lot and all they did was shift my credit through my 4 current to the 2 new and the business one got a large limit on its own since I have didn’t have anymore business ones as I churned them. Am I missing something?
This would be awesome if it weren’t for the 5/24 we don’t want your business rule.