The scuttlebutt has been that the Sapphire Reserve has lost money for JPM every year it's been around: that's why the past few years have nerfed benefit after benefit (removing Priority Pass restaurants, where every swipe cost JPM around $20, being the latest). Similar is true for the Citi card (no longer offered to new applicants) that tried to come at the Amex Platinum.
The scuttlebutt has been that the Sapphire Reserve has lost money for JPM every year it's been around: that's why the past few years have nerfed benefit after benefit (removing Priority Pass restaurants, where every swipe cost JPM around $20, being the latest). Similar is true for the Citi card (no longer offered to new applicants) that tried to come at the Amex Platinum.
The scuttlebutt has been that the Sapphire Reserve has lost money for JPM every year it's been around: that's why the past few years have nerfed benefit after benefit (removing Priority Pass restaurants, where every swipe cost JPM around $20, being the latest). Similar is true for the Citi card (no longer offered to new applicants) that tried to come at the Amex Platinum.