The big news in the mega-nerdy world of frequent flier miles is that the Chase Sapphire Reserve is cutting bonus miles in half because the benefits worked too well.
— 100,000 miles if you spend $4000 in the first 4 months (worth $1500)
— 3x Points on travel and dining worldwide
— $300 credit towards travel
— 1:1 points points transfer
— Access to airport lounges
— 24/7 service
The big caveat is that it comes with a $450 annual fee that is somewhere off-set by the $300 travel credit. My Virgin and Barclay travel cards have $95 fees.
I was a little hesitant to sign-up because of that annual fee, but I might just cancel it after I get that sweet 100,000 miles. They loved my credit history so much that they gave me a credit limit of $18,000. Let’s go to Vegas, bitches!
Tomorrow is the last day to sign up. After that, you can sign up in person at a Chase branch and still get that 100K until March 12.
I’m loyal to my Virgin Atlantic card because of my frequent visits to London and I just adore their service. So, I feel like I’m cheeting on them. I could transfer my miles to Virgin, even though I have 190,000 miles racked up and ready to use.
I will report on my activity in the coming months.