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Update: Some offers mentioned below are no longer available. View the current offers here – Chase Sapphire Reserve

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®

This is one of the top premium cards out there since you earn 3x on all travel (excluding $300 travel credit) and dining and have access to great perks like a $300 travel credit each cardmember year, 50% more value when you redeem points for travel through Chase Ultimate Rewards and you get elite travel benefits like Global Entry application fee rebate, Priority Pass Select and special rental car privileges.

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More Things to Know
  • Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
Intro APR on Purchases
N/A
Regular APR
17.99% - 24.99% Variable
Annual Fee
$450
Balance Transfer Fee
Either $5 or 5% of the amount of each balance transfer, whichever is greater
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.