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I can’t remember the last time there was this much fuss about a credit card… though I admit, the new Chase Sapphire Reserve is amazing. Did you apply?

While the Chase Sapphire Reserve has a $450 USD annual fee (that is not waived the first year), the card does come with some amazing benefits such as 100k Chase Ultimate Rewards points after spending $4k USD in three months. The biggest two benefits of the card are the $300 annual travel credit and the bonus categories whereby you can earn up to three points per dollar spent.

The Chase Sapphire Reserve is intended to compete with cards like the American Express Platinum Card (which I still love, and won’t cancel anytime soon), by providing premium travel benefits such as a Priority Pass Select membership.

Sadly, Chase has a dumb restriction in place whereby they seem to generally not be approving people for this card if they’ve opened 5 or more credit cards in the past 24 months. Most of us have… and therefore when I applied for the Chase Sapphire Reserve a few minutes ago, my application went “pending”. Pending with Chase usually means a denial. With AMEX, however, pending can actually be a good thing.

Anyway, I doubt Chase will approve me for this new fantastic card anytime soon. While I love Chase, some of their rules aren’t just consumer friendly. I’ve decided to not call the reconsideration line because the agents are not the friendliest in that department. The last time I called, I got asked why I was trying to aggressively request miles credit..

To those that were approved – congrats. The bonus is amazing. And to those that weren’t – you can upgrade most non co-branded Chase cards to the Chase Sapphire Reserve.. but you won’t be receiving the bonus.


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