The sign up bonus that currently comes with the Chase Sapphire Reserve Card when you apply online, 100,000 Ultimate Rewards after spending $4,000 on the card within three months of opening it, will drop to 50,000 Ultimate Rewards for the same spending requirement this coming Thursday, January 12. If you want the 100k bonus, apply by Wednesday, January 11!
The brand new Chase Sapphire Reserve offers 100,000 bonus Ultimate Rewards after spending $4,000 on the card in the first three months.
$600 in Credits
Plus it offers up to $600 in statement credits in the first year of card membership.
There’s a $300 per calendar year to automatically offset your first $300 in “travel” purchases. This broad category includes airfare, flight award taxes and fees, airline fees, hotels, Airbnb, car rentals, cruises, tolls/E-Z Pass, parking, Uber/Lyft, and taxis.
Everyone reading this blog must rack up well over $300 in such charges per year, so that’s basically free money, and since the credit resets after your December statement, you can get two $300 credits before your second annual fee is due. That’s $600 in statement credits in the first 12 months you have the card.
The card also offers free Priority Pass Select membership.
Priority Pass is the world’s largest independent airport lounge access program. Chase Sapphire Reserve cardholders get free Priority Pass Select membership, which entitles them to free access to 900+ lounges worldwide (everything on the list except United Clubs.)
To get your free membership, you have to request it on chase.com with a few clicks.
I’ve been in a few dozen Priority Pass lounges around the world. They vary in quality, but you can always count on free drinks, snacks, and wifi, and you can usually cobble together a meal with a glass of wine or a cocktail.
Priority Pass Guest Policy
This is where things get amazing! Dansdeals confirmed by secure message and Doctor of Credit confirmed on Twitter that Chase Sapphire Reserve cardholders can bring unlimited free guests into Priority Pass lounges.
All guests in your travel party can access the lounges based on availability. ^MS
— Chase Support (@ChaseSupport) August 26, 2016
The only limit is that some lounges limit the number of Priority Pass guests you can bring in, like the Copa Lounge in Panama City.
Guest limits imposed by lounges are rare. And in the Panama City case, there is another lounge at the airport without a guest limit. Check the “CONDITIONS” section on the lounge’s page in the Priority Pass app to see if there are restrictions.
Comparison to Citi Prestige and Amex Platinum
The Citi Prestige and Amex Platinum also offer free Priority Pass membership.
Getting Priority Pass Membership
With the Citi Prestige, you’re automatically enrolled in Priority Pass and your membership card arrives a few days after you get your Prestige. With the Amex Platinum, like with the Chase Sapphire Reserve, you have to make a few clicks online to enroll in Priority Pass.
The Amex Platinum Card’s Priority Pass membership doesn’t include free guests. You pay $27 per guest. The Citi Prestige’s Priority Pass membership lets you bring two free guests or your spouse and children under 18 into Priority Pass lounges with you for free.
The Chase Sapphire Reserve is better than either. It allows unlimited free guests.
The Chase Sapphire Reserve offers an amazing Priority Pass Select membership for free. You can go into 900+ Priority Pass lounges worldwide whenever you fly, and you can bring in unlimited guests for free.
This perk is in addition to the 100,000 point sign up bonus and $600 in travel statement credits in the first 12 months.
The Chase Sapphire Reserve is clearly the best travel credit card ever.
DON’T FORGET that the current sign up bonus of 100,000 Ultimate Rewards is dropping to just 50,000 Ultimate Rewards for the same $4k minimum spending requirement this coming Thursday, January 12. If you want the 100,000 Ultimate Rewards bonus, sign up by January 11!