Credit card issuers have to come up with new ways to not only attract new customers but retain existing users as well. When Chase launched their new premium travel credit card for the annual fee of US$450, not too many people were enthusiastic about the concept. But as it turns out, the perks that come with it may be worth considering. A desperate grasp at straws by financial institutions, or an example Bitcoin debit card providers should follow? The New Chase Sapphire Reserve Travel Card As the name suggests, the new travel card issued by Chase will not be for everyone. The annual price of US$450 will turn away a lot of people, and rightfully so. In exchange for this price, however, users will receive three points per spent dollar on travel and dining around the world. Additionally, they will learn one point per dollar on all other purchases. But there is a twist, as the card also comes with an annual US$300 statement credit to be used for travel purchases. Additionally, there is the application fee credit of up to US$100 for Global Entry or TSA PreCheck. But there is also Priority Pass Select airport lounge and a 100,000 point sign-up bonus for whoever spends US$4,000 or more in the first three months. This boatload of rewards may set off the initial annual US$450 price, assuming one travels a lot. For business people, this card will be far more appealing compared to other offerings. The 100,000 points bonus converts to US$1,500 to be used for one’s next trip or vacation. Add the US$300 on top of that, and a free holiday could be yours, as a Chase Sapphire Reserve Travel Car d holder. While premium reward cards have a certain appeal, they are all but useless for people […]
