Chase Sapphire Reserve Rumored Change

[Steelers0854]

I figured this was the best place to post this as I know a lot of people try and maximize their purchase using CC points earnings. There is a rumor circulating that Chase will be making major changes soon and, in addition to a massive annual fee increase, will move the points earnings on travel from 3 points to 1 point. This would be a major blow. We have been incrementally paying off a loan on a recent purchase taking advantage of this, so I really hope this rumor doesn’t come to fruition, but I wanted to bring it up in case anyone was waiting on a purchase or payment as you never know when this change will drop and it likely will be immediate if/when it does.

 

[geargrinder]

I've heard the rumors that the current new application promotion is about to end. I haven't heard of the other rumors you mentioned. Hope not.

 

[Patmcpsu]

I also just heard about the rumors here but according to the story, the source is a poorly-trained call center rep. I wouldn't rely on it being true. If Chase gets rid of the 3x on travel, they would really be shooting themselves in the foot (especially if they demand a higher annual fee for that privilege).

Do I believe there will be some changes (including a higher annual fee)? Absolutely. But I would be shocked if they eliminate 3x on travel.

 

[DanCali]

Just read that rumor too - and it adds that the $300 general travel credit will go away to be replaced by "coupon-line" credits where every 1-3 months you need to remember to claim a credit or lose it.

• $500 Chase hotel Edit credit ($250 semi-annually) $250/semi-annual (hotel portal run by Chase for select hotels. More info here)
• $300 Sapphire Reserve Tables dining credit ($150 semi-annually)
• $300 StubHub credit ($150 semi-annually)
• $300 DoorDash credit ($25 a month)
• $120 DoorDash membership
• $250 credit toward Apple TV+ and Apple Music
• $120 Lyft credit ($10 a month)
• $120 Peloton credit ($10 a month)

The Amex Platinum card has been doing that for quite a few years now. Forces me to use things like Uber Eats ($15/month) and Sacks 5th Avenue (I use the $50 semi-annual credit on overpriced body wash) that I would never spend on otherwise. I hate it...

If Chase does this I may have to ditch the card and stay with the Amex Platinum and Venture X.

 

[Brian Noble]

If Chase does this I may have to ditch the card and stay with the Amex Platinum

If these are even close to correct, I'll drop my CSR. Quickly. I already am on the fence about keeping both it and the Amex Plat, and have been burning my UR points. Not a bad time to accelerate that.

 

[davidhr]

The only thing the Reserve has over the Platinum is the travel multipliers and easy travel credit.

If they want to be more like the Plat, they need a robust lounge network before making these rumored changes. I don’t know what they’re thinking if this is true. Right now I’m leaning towards this isn’t true.

 

[supercarrie]

Count me in on ditching the CSR and keeping my Platinum.

I find it hard to believe they'd go down to 1x on the CSR without changes to the CSP, too. 2x on travel on a lesser card?

We'll see. I'd probably downgrade my CSR to CSP and apply for the Ink Preferred. I just closed my Preferred, too.

 

[davidhr]

I find it hard to believe they'd go down to 1x on the CSR without changes to the CSP, too. 2x on travel on a lesser card?

The Amex Green has 3x on all travel, while the platinum is 1x for most of it.

Amex is doing pretty well, so maybe they’re trying to copy them

 

[supercarrie]

The Amex Green has 3x on all travel, while the platinum is 1x for most of it.

Amex is doing pretty well, so maybe they’re trying to copy them

Fair point...! Maybe I'll open a Green and go all in on MRs (I already have the Platinum, Gold, and Business Gold). I liked Chase for portal redemptions at 1.5c and Hyatt transfers.

 

[Brian Noble]

The only thing the Reserve has over the Platinum is the travel multipliers and easy travel credit.

And the Platinum has a number of other useful-to-me features. The CSR has been worth keeping at net $250. It is not worth keeping at net $450. I might use the restaurant credits organically, but that depends a lot on what is included.

Even at the old $250 net, it is not worth keeping at 1x travel earn.