ST Alpha - "Hey guys, you only have a couple more days to get Chase's ridiculous signup bonus on the Sapphire Reserve credit card." (Reading a Post)

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Hey guys, you only have a couple more days to get Chase's ridiculous signup bonus on the Sapphire Reserve credit card.

Posted by spamlet Jan 9 '17, 06:21

Read the fine print, it's not a cheap card (though you get a lot of benefits for it) and you have to spend $4k in the first 3 months on it but the deal is so good Chase had to explain it on their earnings call because it had a material effect on last quarter's earnings.

https://creditcards.chase.com/credit-cards/chase-sapphire-reserve?CELL=682K (creditcards.chase.com)

Responses:

Hmmm. (We need to put in a back yard fence...) -- nm - kelly Jan 9, 07:09
I don't know if I can spend $4k in three months. is that sad? I don't even know if I could pre-buy enough to hit $4k in three months.) -- nm - university of amanda jones Jan 9, 06:54 3
- You obviously need more Echo pucks. -- nm - JaxSean Jan 9, 07:05
- No, that's good :) - spamlet Jan 9, 06:56 1
  - I did send it to sash though. she is thinking of sponsoring me for a trip to PR in March, so.... -- nm - university of amanda jones Jan 9, 06:57
What is the credit score impact if I cancel the card after the first year? -- nm - James Bond (aka on phone) Jan 9, 06:37 5
- As David says, it really depends. Ours has not been effected by opening and closing cards but I don't do it in a massive way. - spamlet Jan 9, 06:45 2
  - On the plus side, I was reading an article the other day that someone's score went up by 20 points after getting this card. - David Jan 9, 06:47 1
    - Yeah, when we got approved ours was higher than any other limits we've had. - spamlet Jan 9, 06:56
- Like all credit issues, it just depends. Getting this card will spike your available credit. When you close, you'll lose that. - David Jan 9, 06:42
- massive. -- nm - decline Jan 9, 06:40
We are getting 3% on travel for free through BOA. -- nm - Strongbad Jan 9, 06:30 3
- This still looks like a better deal than our current card though. Thanks for the link. -- nm - Strongbad Jan 9, 06:43 2
  - Only question right now is whether cruises count as "travel" and qualify for the 50% more points redemption. -- nm - Strongbad Jan 9, 06:49 1
    - See below on the categories. For the 50% bonus, it's not on travel per se but on booking with the points on the Chase travel portal. - spamlet Jan 9, 06:55
holy smokes. $450 annual fee?!? -- nm - prayformojo Jan 9, 06:27 5
- Yes but you get a $300 annual travel credit (taking it to $150). The signup bonus is $1,500 by itself. -- (edited) - spamlet Jan 9, 06:29 4
  - Yeah it's a great card for travelers. -- nm - ML Jan 9, 06:31 3
    - Luckily, Chase's definition of travel is extremely broad. - spamlet Jan 9, 06:37 2
      - are all restaurants 3x? it says on the chase page "from fine dining to cafes" but it's not above. -- nm - university of amanda jones Jan 9, 06:41 1
        
        It should be all travel above and anything that codes as dining. That's just the travel category. -- (edited) - spamlet Jan 9, 06:43

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Hey guys, you only have a couple more days to get Chase's ridiculous signup bonus on the Sapphire Reserve credit card.

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