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The information related to the Chase Sapphire Reserve℠ has been collected by AwardWallet and has not been reviewed or provided by the issuer of this card.
When the Chase Sapphire Reserve℠ hit the market late in August 2016, it set a new benchmark for rewards earning credit cards. The card featured an introductory signup bonus of 100,000 Ultimate Rewards points after spending $4,000 within three months, and premium perks that have set it at the top of travelers ‘must have’ list of cards.
In fact, even with its $450 annual fee, the card has been so popular in the first few months that Chase ran out of the original metal cards and had to issue temporary plastic cards to meet demand.
Sapphire Reserve highlights include:
- 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening, worth up to $1,500 when redeemed through Ultimate Rewards
- $300 Annual Travel Credit
- 3X Points on travel and dining
- Complimentary Priority Pass™ Select membership
- 50% more value when you redeem Sapphire Reserve points for travel through Chase Ultimate Rewards
- 1:1 Point Transfers to Ultimate Rewards travel partners
- Global Entry or TSA Pre ✓® Fee Credit
- Access the Luxury Hotel & Resort Collection℠
- Travel Insurance and Primary Auto CDW
As happens to all introductory offers, however, the 100K signup is entering its final days. Chase has set the last day it’s accepting online applications with that bonus to be January 11, 2017. So if you’ve been tossing up whether the Sapphire Reserve is the card to help achieve your travel goals, time is running out to secure the 100K offer.
The good news is that all the Sapphire Reserve benefits we’ve grown to love will remain untouched for now, the only thing changing is the signup bonus which drops to 50K, still worth a cool $750 if redeemed through Ultimate Rewards and potentially much more when transferred to one of Chase’s 11 travel partners.
Applications will still be available for the 100K offer in-branch until March 11, 2017, but if you’re applying online, the signup bonus will drop to 50,000 Ultimate Rewards points on January 12, 2017.
Chance to Earn 100,000 Membership Rewards Also Ending in January
It didn’t take long for Amex to introduce some fantastic upgrades to its two Platinum cards in response to the Sapphire Reserve, making The Platinum Card® from American Express the new go-to rewards card for purchasing airline tickets by introducing 5X points on airfare.
Amex focused the majority of its upgrades on The Enhanced Business Platinum® Card from American Express OPEN, adding:
- 1.5X Membership Rewards points per dollar spent on any purchase of $5,000 or more
- 50% points back when using Membership Rewards® Pay with Points to book an economy flight with your selected airline or book first/business class with any airline
Just days after announcing the new earning structures for the Platinum cards, Amex unveiled a 100,000-point signup package on the Business Platinum Amex. Cardholders can earn 50,000 Membership Rewards® points after spending $5,000, and an additional 50,000 points after spending another $10,000 on the Business Platinum Card within the first 3 months.
The spending requirement is comparatively high, and the card has a $450 annual fee, but combined with the 50% extra Membership Rewards points on purchases over $5K, the Business Platinum Amex is perfect for any small business with large purchases to make in the next three months.
In addition to the new perks announced, benefits of the Business Platinum Amex include:
- Complimentary lounge access to The Centurion® lounge network, Delta Sky Club®, Priority Pass™ Select lounges, Airspace Lounge, and The International American Express lounges
- $200 Airline Fee Credit
- Gogo® and Boingo Internet access
- Gold Preferred status with Starwood Preferred Guest (and via status match Gold Elite in Marriott and Ritz-Carlton Rewards)
- Gold Elite status with Hilton HHonors
- Fee Credit for Global Entry or TSA Pre✔™
The current 100K signup offer expires January 25, 2017, so if the Business Platinum Card has been on your radar, but you haven’t yet pulled the trigger, now’s the time to do so.
Don’t think you’ll qualify for a business credit card? You may be more qualified than you think, check out our post on how (almost) anyone can get a business credit card for details.
Ink Business Preferred℠ Credit Card Now Has the Biggest Ultimate Rewards Signup Bonus
The Ink Preferred entered the market with an impressive 80,000-point signup bonus after cardholders spend $5,000 on qualifying purchases in the first 3 months, and earns 3X points per dollar on the first $150,000 spent on combined purchases in the following categories each calendar year:
- Shipping purchases
- Internet, cable and phone services
- Advertising purchases made with social media sites and search engines
The Ink Preferred also offers some of the best card benefits available including Primary Auto CDW when hiring for business purposes and a great Cell Phone Protection package. The Trip Interruption and Cancellation insurance also covers employees of the account holder, so in addition to earning 3X points on travel purchases, employee travel is covered when purchased using your Ink Preferred.
And all of this for an annual fee of only $95. It’s a hard value proposition to beat.
2 Credit Cards with a 50K Signup Bonus but over $350 Difference in Annual Fees
When the Sapphire Reserve signup bonus drops to 50K, it will shine the spotlight back on the Chase Sapphire Preferred® Card. The card will share the same 50K welcome bonus but attract less than quarter the annual fee at only $95, waived for the first year.
The Sapphire Preferred still holds it’s ground as the best mid-tier credit card in the market and the best beginners card for rewards travelers, and dependant on your needs, plenty of situations would make the Sapphire Preferred a better travel rewards card than the Sapphire Reserve.
The card has a 50,000-point signup bonus after you spend $4,000 within the first three months, plus an additional 5,000 points for adding an authorised user and making an initial purchase, earns a solid 2X points on travel and dining, has fantastic perks, and points are worth 1.25 cents per point when redeemed through Chase Ultimate Rewards.
If you’ve been holding off on signing up for the Sapphire Reserve or Business Platinum Card to take advantage of the current 100K signup bonuses, you need to get in before Jan 12 for the Sapphire Reserve and Jan 25 for the Business Platinum Card. These are industry leading bonuses that I don’t think we’ll see for some time to come.
An alternative to the ultra-premium travel credit cards is to mix up a combination of cards like the Sapphire Preferred and the Ink Preferred. With both annual fee’s combined totaling less than half a premium card’s fee of $450 per year, you can enjoy many of the same perks, a combined 130,000 in bonus Ultimate Rewards after meeting minimum spend requirements and earn 3X points on bonus categories via the Ink Preferred.
Now is the time to plan your 2017 rewards travel strategies and start kicking some travel goals for the year ahead.
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