The blogosphere is abuzz with the rumor that the Chase Sapphire Reserve card 100,000 point bonus will be eliminated on January 12, 2017.
If you’re thinking of getting a Chase Sapphire Reserve, now is the time.
With the possibility that Chase reduces the signup bonus from 100,000 UltimateRewards points to 50,000 now is the time to pull the trigger. I currently value Chase UltimateReward points at 2.5c which means the reduction in signup bonus reduces the offer value by $1,250 (signup bonus currently valued at $2,500) after January 12.
Worried about the $450 signup fee?
If you commute or travel, the annual fee can quickly be mitigated by normal travel spending as the Chase Sapphire Reserve card offers a $300 credit each calendar year. Therefore you can get $600 in credits in the first billing year alone.
- 100,000 point sign up bonus after spending $4,000 in three months
- 3x points on travel and dining at restaurants worldwide
- 1x point on all other spending
- $300 travel annual credit/reimbursement (aforementioned)
- $100 credit for Global Entry or TSA PreCheck
- 1.5x redemption rate on travel purchases within the UltimateRewards Portal (usually 1.25x)
- Priority Pass Select lounge access
- Visa Infinite branded
- National Car Rental Executive status
- Full benefit details: Chase Sapphire Reserve Benefits
- $450 a year annually
You can apply for the Reserve card at: https://creditcards.chase.com/credit-cards/chase-sapphire-reserve2?