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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 week, many 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:
- Chase Sapphire Reserve Review and Application Link
- Questions and Answers About the Chase Sapphire Reserve Card
- Everything You Need to Know About Chase Sapphire Reserve Perks
- Chase Sapphire Preferred vs. Chase Sapphire Reserve: Benefits, Coverage & More
Did you receive a plastic Sapphire Reserve card?
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.
- 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®
- $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
- Named a ‘Best Travel Credit Card for 2017’ by MONEY® Magazine
- 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✓®