Chase Reinvents Luxury Credit Card Category with Sapphire Reserve, Launching Today
Wilmington, DE Aug 23, 2016 Chase expands the Sapphire card portfolio, offering a 100,000 points sign-on bonus and the richest rewards value on a wide range of travel purchases.
Chase Card Services, a division of JPMorgan Chase & Co. [NYSE: JPM], today announced Chase Sapphire ReserveSM credit card – the newest addition to the luxury credit card market. Chase Sapphire Reserve joins the suite of Chase Sapphire’s premier rewards cards and sets a new standard for credit card benefits, including 3X points on a wide range of travel and dining purchases, flexible redemption options and valuable travel credits.
"Our customers love Chase Sapphire, so we’re taking it to the next level."
Pam Codispoti, President, Chase Branded Cards
The Chase Sapphire Reserve card offers worldwide rewards on a broad list of travel purchases – from the more traditional airfare and hotels, to the less traditional taxis, trains, and travel within the “sharing economy.” The new card will be on the Visa Infinite platform - the most premium credit offering from Visa, offering the highest level of service, features and benefits that uniquely appeal to affluent cardholders.
"We’re giving our customers more rewards, benefits and the opportunity to unlock one-of-a-kind travel and dining experiences to enrich their lives."
Pam Codispoti, President, Chase Branded Cards
Highest bonus currently offered
Chase Sapphire Reserve cardmembers earn 100,000 bonus points after spending $4,000 in the first three months – the highest premium currently offered through a Chase credit card. This is equivalent to $1,500 when redeemed for travel through Chase Ultimate Rewards®.
Wide range of Chase Sapphire Reserve benefits
Premium Rewards – Worldwide:
- 3X points per $1 spent on travel and dining purchases worldwide
- 1X points per $1 spent on all other purchases
- $300 annual travel credit as reimbursement for travel purchases
- $100 application fee credit for Global Entry or TSA Pre✔®
- No foreign transaction fees
Maximum Redemption Value and Flexibility:
- Points are worth 50% more when redeemed for airfare, hotels, car rentals and cruise lines through Chase Ultimate Rewards – 100,000 points are worth $1,500 toward travel
- 1:1 points transfer to leading airline and hotel loyalty programs
Elite Access:
- Priority Pass Select membership providing access to 900+ airport lounges in over 400 cities worldwide for cardmembers and their travel companions
- 24/7 direct access to Chase Sapphire Reserve Customer Service Specialists
- Special car rental privileges from National Car Rental, Avis and Silvercar
- Elite hotel benefits at Relais & Châteaux and special benefits at top hotels and resorts worldwide with The Luxury Hotel & Resort Collection
- Elevated access to Chase Sapphire events and experiences
The card has a sleek, modern design with embedded metal. There is a $450 annual fee and a $75 annual fee for each authorized user.
For more information or to apply for the Chase Sapphire Reserve card, visit any Chase bank branch location nationwide or go to Chase.com/SapphireReserve.