As we all know, good things must come to an end. When Chase first announced its brand new credit card, the entire bloggosphere immediately exploded with excitement. Rarely do you ever see a credit card with so many great perks AND a massive sign up bonus. But as reports came out that the Chase Sapphire Reserve was cutting into Chase’s profit margin by up $300 million in profit per quarter, I knew that the incredible 100,000 point sign up bonus’ days were limited.
Chase has just announced that they will be discontinuing the 100,000 sign up offer on the CSR and downgrading to a 50,000 point bonus as of January 12th! Some reports have indicated that the 100k offer will still be made available in Chase branches until March 12th, but that remains to be seen.
Why It’s Such An Amazing Credit Card
- Well for one, I already mentioned the lucrative 100,000 point sign up bonus for spending $4,000 in 3 months. At an absolute minimum, that’s worth $1,500 thanks to the CSR’s travel redemption of 1.5 points per point. Meaning, a $600 airline ticket will cost you just 40,000 points.
- $300 in travel credit per year – This can be used for almost any travel expense including but not limited to: airfare, hotels, car rentals, Uber, AirBnB, and much more! That’s $600 in credit, since you’ll get the travel credit both this year and in January 2018.
- Free Global Entry fee – Chase will reimburse you $100 when you apply for Global Entry.
- Priority Pass – Offers free lounge access at hundreds of airports around the world.
- The Chase Sapphire Reserve offers countless additional perks, such as primary car rental car insurance, comprehensive travel protection, purchase protection, and much more!
So if you’re hesitant to get this card due to the hefty $450 annual fee, it’s more than easy to justify the price tag with a minimum of $2,100 in free travel. If you’re not a victim of the Chase 5/24 rule (received 5 new consumer credit cards in the last 24 months), I would highly recommend jumping on this card before the sign up offer is reduced. What will you do?