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The Chase Sapphire Reserve® * was updated Earlier this week and now includes a number of new annual credits and other features, including an Apple Plus subscription and Apple Music, worth $ 250 per year (ends on June 22, 2027). Chase has also increased annual card costs.
It now costs $ 795 per year, so you will have to make more legs to get enough card value to cover the cost. This probably means that the average credit card user will not even want to consider this as an option. Which is right.
In my opinion, you should not need to exchange dozens of credits, register for several free subscriptions, only flights and hotels when your points are stimulated, or you feel that you must buy a peloton to make sure you get enough value to justify the annual costs of a card. The new credits and features sound very well on paper, but for me, they just mean more work.
There are also significant changes in card rewards. It has a greater reception offer and new award rates, and, less exciting, Chase changes the way it values the points of the card. But we will get there.
I am sure that some travel experts and credit card enthusiasts will disagree and could easily get a lot of value from this card, but for credit card holders like me who prefer to have a more automated and rationalized experience, this does not seem valid the additional effort.
Here is brand new with the Chase Sapphire reserve.
What does the new Chase Sapphire reserve look like?
Chase has changed the awards of the card and how much they are worth when it is time to buy.
New and old awards compared
| New awards | Old awards |
|---|---|
| 8x points for all trips reserved via Chase Travel | 10x points to book hotels and rental cars via Chase Travel |
| 4x points on flights and hotels reserved directly | 5x points on the flights reserved by Chase |
| 3x points on the dining room | 3x points for all other trips |
| 1x point for everything else | 1x point for everything else |
These changes are good. The awards to eat seem to be obvious on a travel card, and it is something that I was surprised not to see on the card originally. In addition, not having to always book through Chase Travel opens more trips and gain.
The card also includes a higher reception offer:
- 100,000 bonus points and a travel credit of $ 500 for spending $ 5,000 in the first three months from the opening of the account.
However, Chase also changes the value of the awards you earn with its new Boost Points program.
You could exchange your points for a trip per chase to a bonus value of 1.5 cents per point. Now you will win 2 cents per point, but only with buyout flights and hotels increased in rotation. And if you exchange your points for a flight or a non -boosted hotel, they are only 1 hundred each. You can always transfer your points to a 1: 1 report to the Chase travel partners.
This is clearly less flexible than the previous reward program of the card, and will likely lead to missing card holders the value they would have otherwise obtained. What if there are no flights or boosted hotels for when and where you are looking to travel?
You will need to wait or have less from your covered trip. Or, you can transfer your points where they could be worth more – but again, it takes more work than simply exchanging via the portal of your card transmitter for a small bonus, as before. The Chase Sapphire Preferred® * card now also uses the Boost Points Boost program.
New annual credits
The card also wins a handful of new annual credits:
- $ 500 Credit Edit℠. The edition is the new Chase collection of more than 1,100 hotels. You get $ 250 from January to June and $ 250 from July to December.
- Restoration credit of $ 300. Again, divided into two – $ 150 from January to June and other $ 150 for July to December.
- $ 300 Stobhub credit. $ 150 from January to June, $ 150 from July to December. Ends on December 31, 2027.
- Apple Plus membership and Apple Musicworth $ 250 per year. Ends on June 22, 2027.
- Peloton credit of $ 120. You get monthly statement credits of $ 10 for a peloton membership until December 31, 2027, for a maximum of $ 120 per year. In addition, you will earn 10x awards on shopping for peloton equipment.
These are the new credits; There are also a number of others. You can see them all on Chase page. The transmitter indicates that the card offers more than $ 2,700 in value, but you will really have to work to achieve it.
For those who spend $ 75,000 on a trip on the card during a calendar year, you will unlock a travel credit in the southwest $ 500 Plus the A-List status, IHG Diamond Elite and $ 250 in declaration credits for the store in Chase. It is a high expenditure threshold that only the wealthiest traveler can probably reach, and that does not seem to be an excellent return on investment.
And a higher fee
Finally, the card now costs $ 245 more than a month ago. The annual costs for the Chase Sapphire reserve is now at $ 795, one of the highest on the market. Although the credits offered can exceed the price of the card, you will have to do the work to use everything he has to offer.
This means buying and using a peloton, checking the Boost Points program, ordering Doordash, using Lyft and enjoying the new catering credit and two travel credits, and so on. It’s a lot of homework. If you do not use the additional advantages enough, you will probably be on the hook for at least part of its annual costs.
Should you get this card?
In short, I think there are people who will find this card are worth it, in particular those who have travel budgets above average (and perhaps a kind of assistant to help them keep track of everything), but for the average traveler or the holder of the credit card, they are more likely to leave value on the table and to be stuck with high annual costs.
There are so many things offered here, which is great, but the change in the way the points are valued, how much additional work you, as a card holder, must pay every year to pay the $ 795 of the card is worth it, does not add me. But again, I probably consider credit cards a little different from most card experts. I like the easy route, the one that guarantees value without financial corrosion or work beyond my usual routine.
So I’m going to stay with pleasure with my favorite sapphire, which offers much less, but only costs $ 95 each year.
I use it for my catering and traveling costs, I buy my travel points at home via Chase Travel and take advantage of its annual credit on the $ 50 statement.
There may not be countless annual credits, memberships and subscriptions, but I barely need to do additional work – and I certainly don’t need to spend too much – to achieve its value in relation to how much it costs me every year.
* All the information on the Chase Sapphire and Chase Sapphire reserve has been collected independently by CNET and were not examined by the issuer.
