Chase Sapphire Reserve...who's going for it?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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TXviking
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Re: Chase Sapphire Reserve...who's going for it?

Postby TXviking » Thu Aug 11, 2016 7:07 pm

Tubpbs wrote:Regardless of the travel credit, I doubt the card will replace the CSP. They are meant to stand alone and stand apart in theory.


I would be surprised if Chase encourages people to apply for both. That said, Chase does do that a lot (e.g. Ink + CSP.)


Tubpbs
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Re: Chase Sapphire Reserve...who's going for it?

Postby Tubpbs » Thu Aug 11, 2016 8:03 pm

TXviking wrote:
Tubpbs wrote:Regardless of the travel credit, I doubt the card will replace the CSP. They are meant to stand alone and stand apart in theory.


I would be surprised if Chase encourages people to apply for both. That said, Chase does do that a lot (e.g. Ink + CSP.)


I don't disagree that they might not want people to apply for both (the strongest indication of this is that, at least based off of the rumors, it will be a higher earning card in the same categories), but that isn't to say the CSP doesn't stand alone as a solid travel card for people who travel less frequently or just don't fly or whatever...

You never know what they'll do though. They are the most active of the larger banks with their card lineup changes by a mile. They may be chopping old favorites or may just be expanding their selection. Amex hasn't done anything interesting in forever. Citi got the Costco but otherwise nothing. BoA has nothing interesting to me and has had no card offer changes I'm aware of in several years, WF put out their 1.5% card and I'd say that's the only interesting card they have to me...before that, less than nothing.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

darkguy2
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Re: Chase Sapphire Reserve...who's going for it?

Postby darkguy2 » Sat Aug 13, 2016 12:27 pm

I might be tempted to PC my CSP before it renews early next year. Been looking at getting one of these $450 cards for the travel benefits like the lounge access. Have a couple weddings to fly to next year so if it really is $300 in airline costs that would be great. So that means taking away the $300 and the $95 I would of had to pay for my CSP it would only be $55 more. That is way less than if I bought the lounge access by itself.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

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CarefulBuilder14
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Re: Chase Sapphire Reserve...who's going for it?

Postby CarefulBuilder14 » Sat Aug 13, 2016 1:13 pm

darkguy2 wrote:I might be tempted to PC my CSP before it renews early next year. Been looking at getting one of these $450 cards for the travel benefits like the lounge access. Have a couple weddings to fly to next year so if it really is $300 in airline costs that would be great. So that means taking away the $300 and the $95 I would of had to pay for my CSP it would only be $55 more. That is way less than if I bought the lounge access by itself.

I don't know what your situation is as far as your home airport, destination cities, favored airlines, need for guest access, etc...but keep in mind that when it comes to lounge access, no key opens every door...and it looks like the Sapphire Reserve is only going to come with one key (Priority Pass). Amex Platinum and Citi Prestige may have higher net AFs, but they also give access to more lounges.

At least, from the language of leaked materials, it probably won't be Priority Pass like on the Amex Hilton Select, where each visit has a fee. It's not clear if Sapphire Reserve will allow free guests, though. We also don't know how flexible the $300 credit will be.

The bonus of 100k URs is very tempting, and I might go for it this next summer. It's definitely pretty appealing compared to the CSP, but not necessarily your best choice for lounge access.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

darkguy2
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Re: Chase Sapphire Reserve...who's going for it?

Postby darkguy2 » Tue Aug 16, 2016 11:28 am

CarefulBuilder14 wrote:I don't know what your situation is as far as your home airport, destination cities, favored airlines, need for guest access, etc...but keep in mind that when it comes to lounge access, no key opens every door...and it looks like the Sapphire Reserve is only going to come with one key (Priority Pass). Amex Platinum and Citi Prestige may have higher net AFs, but they also give access to more lounges.

At least, from the language of leaked materials, it probably won't be Priority Pass like on the Amex Hilton Select, where each visit has a fee. It's not clear if Sapphire Reserve will allow free guests, though. We also don't know how flexible the $300 credit will be.

The bonus of 100k URs is very tempting, and I might go for it this next summer. It's definitely pretty appealing compared to the CSP, but not necessarily your best choice for lounge access.


Sadly I do not live in a hub city. From what I have looked at for Priority Pass there are several lounges in the major German airports that I can use. Really the only time I will go to them is when I am traveling internationally. If the 100K bonus is true then I will go for it and see how I like it. If it does not work out I will just downgrade it back to CSP.
Discover IT - $5,700
Chase Freedom - $5,700
Costco Citi - $13,000
Sallie Mae - $4,000
Chase Sapphire Preferred - $6,000
Chase Sapphire Reserve - $19,500
Citi Double Cash - $6,500
Amex BCE - $13,000

FICOs: Discover (777), SallieMae (764), Amex (767), Citi (772)
FAKOs: CK- TU (760), EQ (760)

oldsoldier
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Re: Chase Sapphire Reserve...who's going for it?

Postby oldsoldier » Tue Aug 16, 2016 4:47 pm

Pretty exciting card I can see why everyone seems to be going nuts over it on all the forums. I don't see myself going for it at this time but will def think long and hard about it when I decide to go for my next card.
BoA Cash Rewards $13,000
Chase Sapphire Preferred $14,000
BoA Better Balance $12,000
Amex Every Day $24,000
Discover It $17,000
NFCU Platinum Visa $25,200
Barclay Arrival WMC $10,000
Cap One QuickSilver WMC $6,200
WF Cash back Visa Sig $11,000
Citi Thank You Premier $11,600

kdm31091
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Re: Chase Sapphire Reserve...who's going for it?

Postby kdm31091 » Tue Aug 16, 2016 5:02 pm

Tubpbs wrote:
TXviking wrote:
Tubpbs wrote:Regardless of the travel credit, I doubt the card will replace the CSP. They are meant to stand alone and stand apart in theory.


I would be surprised if Chase encourages people to apply for both. That said, Chase does do that a lot (e.g. Ink + CSP.)


I don't disagree that they might not want people to apply for both (the strongest indication of this is that, at least based off of the rumors, it will be a higher earning card in the same categories), but that isn't to say the CSP doesn't stand alone as a solid travel card for people who travel less frequently or just don't fly or whatever...

You never know what they'll do though. They are the most active of the larger banks with their card lineup changes by a mile. They may be chopping old favorites or may just be expanding their selection. Amex hasn't done anything interesting in forever. Citi got the Costco but otherwise nothing. BoA has nothing interesting to me and has had no card offer changes I'm aware of in several years, WF put out their 1.5% card and I'd say that's the only interesting card they have to me...before that, less than nothing.


Well, those of us in the CC world pay attention but most consumers really don't know or care much about different cards so there isn't much pressure on most banks to constantly innovate. Lots of people don't even redeem their rewards let alone shop for competitive products. The point is that the motivation to innovate is probably pretty low on most bank's priority lists. They want to have products to draw people in and keep them but most don't feel the need to constantly have something new.

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CarefulBuilder14
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Re: Chase Sapphire Reserve...who's going for it?

Postby CarefulBuilder14 » Tue Aug 16, 2016 10:38 pm

According to TPG, there's no $100 discount on 2+ revenue tickets for CSR (like other Visa Infinite cards have)? Does anyone know more about this? The new R-C has that perk.

If so, that does a lot to kill my interest in the CSR...as a long-term card, that is.

I guess I could PC from CSP...use $600 in travel credits...PC the CSR to FU...and reapply for the CSR as a new account in 2017 and get the bonus. :ppp
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

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lobbythis
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Re: Chase Sapphire Reserve...who's going for it?

Postby lobbythis » Wed Aug 17, 2016 12:57 am

apparently the old ritz cards are already upgraded but they arent sending out the physical card unless your's expires or you report it lost. i am traveling soon but it says to use the credit i have to go through the Visa Infinite portal. well, there isn't one for the USA until the CSR comes out i guess.

Nixon
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Re: Chase Sapphire Reserve...who's going for it?

Postby Nixon » Wed Aug 17, 2016 5:09 am

lobbythis wrote:apparently the old ritz cards are already upgraded but they arent sending out the physical card unless your's expires or you report it lost. i am traveling soon but it says to use the credit i have to go through the Visa Infinite portal. well, there isn't one for the USA until the CSR comes out i guess.


Hopefully this doesn't goof up my lack of annual fee.
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