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A Chase Sapphire Reserve Retention Bonus is being offered to some members for the first time ever. As Chase's most premium travel credit card, earning 3X Ultimate Rewards points on all travel and dining, the Chase Sapphire Reserve has never offered a retention bonus. In fact, the card's annual fee was supposed to increase to $550 effective 4/1/20, although Chase extended $100 statement credits to member renewals to keep the effective annual fee at $450. Since the card provides a $300 annual travel statement credit (including airlines, hotels, trains, taxis and even subway and ride sharing services) that makes the real annual fee $150 for most card holders. In light of the COVID-19 pandemic and reduced travel, Chase has also offered other benefits, such as 3X on all grocery spend for November 2020-April 2021.
Flyertalker Kleinnaf reports receiving a $250 retention bonus as a statement credit, and says a friend who is a Chase Private Client received a $300 statement credit as a retention bonus.
Flyertalker Critterlynn received a retention bonus of $150 as a statement credit, on annual spend of $7000-8000 on the card. This $150 may be a more typical amount for the retention bonus, absent significant spend or Chase Private Client status.
If you called recently to ask for a retention bonus on your Chase Sapphire Reserve, what retention bonus were you offered, if any?
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Is it recommended to reach out to your Chase Private Client banker, or Chase Platinum Business Banker (for Ink cards), to inquire about retention offers?