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JPMorgan Chase reduces Sapphire Reserve rewards

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JPMorgan Chase reduces Sapphire Reserve rewards

JPMorgan Chase reduces Sapphire Reserve rewards*/

– This story was delivered to BI Intelligence “Payments Briefing” subscribers.To learn more and subscribe, please click here.JPMorgan Chase will be cutting back some of the lucrative rewards associated with its Sapphire Reserve card, which took the credit card rewards market by storm last summer, according to The New York Times.
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JPMorgan Chase to Cut Sapphire Reserve Card’s Bonus in Half

JPMorgan Chase to Cut Sapphire Reserve Card's Bonus in Half*/

– Those who wish to apply for the card online have until Jan. 12 before the 100,000 point bonus is cut in half.Those who wish to apply for the card online have until Jan. 12 before the 100,000 point bonus is cut in half.Photo by Bloomberg — Getty ImagesWith its 100,000-point bonus, the Chase Sapphire Reserve credit card was almost too good to be true.
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JPMorgan Chase Plans to Cut Sapphire Reserve Card’s Bonus in Half

JPMorgan Chase Plans to Cut Sapphire Reserve Card’s Bonus in Half*/

– When a Wall Street banking institution starts throwing 100,000-point bonuses at credit card customers, it may be best to grab them before they inevitably disappear.And so it goes with Chase Sapphire Reserve, a card that the bank, JPMorgan Chase, introduced last summer.The bank offered a sign-up bonus worth $1,500 to people who spent $4,000 on the card in the first three months they had it and then redeemed the bonus for travel.
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