Chase Sapphire Reserve℠

Sapphire Reserve is So Popular That Chase Ran Out of Metal Cards

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After I posted an unboxing video last weekmany readers have written in to say that their much-anticipated Chase Sapphire Reserve cards arrived in a plain white envelope, rather than the issuer’s elaborate packaging. Fortunately, those new Reserve customers still received metal cards — according to a report in Bloomberg, Chase has since run out. Yes, that’s right — Sapphire Reserve is so popular that Chase ran out of metal cards!

According to the article, Chase approved “tens of thousands of applications” within the first two days. With a $450 annual fee, it’s likely that the issuer expected significantly less demand for its new flagship product, resulting first in a shortage of fancy boxes and now a depleted supply of metal cards. In the meantime, some customers may receive a plastic card, though they’ll be able to “upgrade” to a metal version once Chase has them back in stock. Interestingly, while I did receive a metal card, I’ve come across a couple of registers that haven’t been able to scan the magnetic strip. I asked for a replacement, which has yet to arrive — I guess it’s now clear why.

So why, exactly, has demand for this card been off the charts? It’s all about the perks — from a 100,000-point sign-up bonus (after spending $4,000 in the first three months) to an annual $300 travel credit (that even works on airfare and Ubers), this new card has a lot going for it. Of course the benefits won’t change if you’re initially issued a plastic version, though there’s no question that the card’s typical metal construction helps to boost its appeal.

Have a question about the Chase Sapphire Reserve Card? Check out our Q&A. See these posts for more:

Did you receive a plastic Sapphire Reserve card?

Chase Sapphire Reserve℠

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  • New! Earn 100K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,500 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases such as airfare and hotels charged to your card
  • 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. Plus, no foreign transaction fees
  • Get 50% more value when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 100,000 points are worth $1,500 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 900+ airport lounges worldwide with complimentary Priority Pass™ Select membership
  • Up to $100 application fee credit for Global Entry or TSA Pre√®
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A 16.24%-23.24% Variable $450 0% Excellent Credit