Latest news with #SamPalmer
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Travel + Leisure
a day ago
- Business
- Travel + Leisure
One of the Best Credit Cards for Travel Rewards Is Getting a Refresh—With More Perks and a Higher Annual Fee
After nearly a decade, one of the best travel rewards credit cards is getting a refresh. The Chase Sapphire Reserve will relaunch on June 23, with a bolder program that's rich with benefits—and a higher annual fee to go along with it. 'It's been almost 10 years since Sapphire first launched, and we really think we tapped into something special in the premium card space when it did,' said Chris Reagan, president of branded cards at Chase, during a media event in New York on June 9. 'But we know that the industry has changed a lot since then.' That, as well as extensive customer research from the brand, has led Chase to rethink the premium card, which will now come at an annual fee of $795, up from $550—a 44.5 percent increase for the consumer. 'We're bringing elevated benefits and greater value in the areas that our current members are most passionate about,' said Sam Palmer, general manager of Chase Sapphire. The new version of the Chase Sapphire Reserve will deliver 'over $2,700 in card member value,' Palmer said. This includes a $300 credit for travel expenses and $500 to spend on hotels that are part of Chase's hotels collection, The Edit. Other perks include a free Apple TV+ subscription, a $300 DoorDash credit, and a $300 credit for tickets purchased through StubHub. One quintessential bonus, a $120 credit for things like Global Entry and TSA Precheck, remains a core feature of the card. Meanwhile, Chase has added other experiential perks. One example, said Palmer, is 'exclusive access to prime-time reservations at some of our favorite restaurants across the country.' The chosen restaurants—grouped together in the so-called Reserve Exclusive Tables program—are selected by The Infatuation, in partnership with OpenTable. This collection of 300+ restaurants, which card holders will get a $300 credit to dine at, includes in-demand spots such as Canlis, in Seattle, and Estela, in New York. Another perk is automatic enrollment in IHG One Rewards at the platinum elite level; this would otherwise require spending 40 nights at IHG properties. In addition to statement credits and perks, the Chase Sapphire Reserve is a powerful points-earning card that allows for flexible redemptions. Put another way, Chase points can be cashed in at multiple hotels and airlines rather than with one particular brand. With the relaunch, the company has tweaked the earning structure for the card. Here's an overview of how the new card will work, according to Chase: 8x points on purchases made through Chase Travel 4x on flights and hotels booked directly 3x on dining 5x on 'eligible' Lyft rides, including Standard, Extra Comfort, XL, Black, or Black SUV rides 1x on other, everyday spending Chase has also introduced what it calls Points Boost, a 'new points redemption accelerator program' that replaces a long-standing benefit that helped define the Sapphire Reserve. Instead of earning 1.5x on all bookings, now users will see dynamic discounts on reservations. To illustrate how it works, Palmer gave an example: Let's say you were booking an Emirates flight from New York to Milan, in business class, for this summer. If such a flight were offered at 350,000 Ultimate Rewards points, a card holder might find it instead offered at approximately half off, or 177,000 points, as part of the Points Boost program. In other words, Chase has switched from giving an earnings bonus on purchases with a straightforward 1.5x earning structure, to discounting on redemptions. Plus, Chase has made it harder to tell if and when such Points Boost opportunities will arise. Lounge access will remain another key feature of the new card. It grants 'access to the Chase Sapphire Lounge by The Club network of airport lounges and entry to over 1,300 lounges with Priority Pass Select, and more than 20 select Air Canada Maple Leaf Lounges and Air Canada Cafés when traveling on a Star Alliance airline,' according to the company. That includes some of the world's most impressive lounges, such as the fab, two-story lounge at New York's LaGuardia Airport.. 'You can visit any of our lounges or the Priority Pass lounges and bring up to two guests each time at no cost,' Palmer pointed out. Card holders can also tap into the expertise of Chase's growing network of Reserve Travel Designers, who can assist with trip planning as well as support along the way. There's one other element to the refresh that will appeal to small-business owners and sole proprietors: The first-ever Sapphire business card will also launch on June 23. The new Sapphire Reserve for Business will have many of the same features and perks as the flagship card, with a few add-ons aimed for corporate users, such as credits for ZipRecruiter fees and Google Workspace charges, according to Jenny Shum, general manager, Chase small business card. Both of the new Chase cards will be available for purchase next week, on June 23. While executives hinted that rich sign-up bonuses would be a part of the card relaunch, specifics on just how many points new cardholders may be able to score have not yet been announced.
Daily Mail
14-05-2025
- Business
- Daily Mail
Petra Ecclestone and Sam Palmer reveal why they are putting their palatial £31.5 million Los Angeles mansion on the market just two years after buying it
As a billionaire's daughter, Petra Ecclestone might expect to have a 'forever home'. Instead, the Formula 1 heiress is apparently condemned to life on the move. 'We do projects – we design homes then sell them,' explains her husband, Sam Palmer, who has put their LA pad on the market for £31.5 million. Sam, 40, and Petra, 36, bought the house, which has seven bedrooms and an infinity pool, two years ago for £23 million. 'We're staying in LA,' he adds. 'We love it here.' Petra and Sam, who is an estate agent specialising in 'off market luxury property' look set to make a healthy profit on the sprawling seven-bedroom, 13,500sq ft mansion which was built by Emily White, a former Snapchat executive, and her financier husband Bryan Kelly, meaning it was never on the market. Back in January Petra confirmed the home miraculously escaped the raging bushfires that have caused mass destruction across Los Angeles. Sam previously admitted they were 'praying for a miracle' as the fire tore across upscale Pacific Palisades, a stone's throw from their palatial £30million home in Brentwood. Petra and Sam, who is an estate agent specialising in 'off market luxury property' look set to make a healthy profit on the sprawling seven-bedroom, 13,500sq ft mansion In the midst of the fires the family fled their property, initially relocating to the Beverly Hilton Hotel before leaving the city. Engaging in a question and answer session with followers Petra later admitted they were thankfully out of danger, and their home was intact. She wrote: 'Safe and evacuated from the fires... the most scary and surreal thing I have ever had to have gone through. 'We are so grateful that for now our home is still standing for now. Thoughts and prayers for all our friends who lost their homes.' Petra also revealed the schools her children attend had been burned during the blaze, which reduced much of the Palisades to rubble. Asked if the fires had affected her home or area, she added: 'Yes... my children's schools have been and we live next to the Palisades, which to me was one of the best and most beautiful parts of Los Angeles... a lovely community full of amazing families... still does not feel real. Praying for Los Angeles right now.' Confirming the family were no longer in Los Angeles, she wrote: 'We left luckily after being in the middle of it all... so grateful to be safe.' Petra and Sam tied the knot in July 2022, enjoying a lavish ceremony at the F1 heiress's £170 million London mansion. The couple share daughter Millie, three, together and Petra's daughter Lavinia, 11, and twin boys James and Andrew, eight, from her marriage to ex husband, James Stunt.
Wall Street Journal
07-05-2025
- Business
- Wall Street Journal
Formula One Heiress Petra Ecclestone Lists Los Angeles Mansion
Four months after the Los Angeles wildfires threatened to destroy it, the Brentwood home of Formula One heiress Petra Ecclestone and her husband, Sam Palmer, is going on the market for $41.95 million. The couple paid $30.5 million for the property in 2023, then renovated it and redid the landscaping. During the January fires, they fled to the Beverly Hills Hotel and later relocated temporarily to London, the English couple said. While their home was spared, two of their children's schools were destroyed, along with much of their local community in neighboring Pacific Palisades. The children have been home-schooled since the fires, Palmer said, and finding a new school for them will help dictate the location of their new home.
