Grand Reserve World Mastercard - Earn up to 8x Points On BD12

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Expand view Topic review: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by EAScrog » February 26th, 2021, 10:25 am

Dan Hammer wrote: February 26th, 2021, 9:30 am I got what I Deserve.

FYI.
My bill came in the mail today. The return address is marked Deserve. Under normal circumstances, I would have tossed this with the other junk mail. Good thing I didn't. It's the bill from my new card.
I switched to paperless after I paid my first bill. Easy to do.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Dan Hammer » February 26th, 2021, 9:30 am

I got what I Deserve.

FYI.
My bill came in the mail today. The return address is marked Deserve. Under normal circumstances, I would have tossed this with the other junk mail. Good thing I didn't. It's the bill from my new card.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Mark Morrissette » February 25th, 2021, 11:56 am

Mark Morrissette wrote: February 20th, 2021, 9:48 am One oddity on the Gabriel Gold glasses is that ordering a 6-pack costs more than ordering 3 two-packs. Only 100 points more, but still odd.
Anyway, order in, and I am very pleased!
Pretty awesome customer service experience on this. I ended up ordering 4 two-packs of GGG.

Soon after I did, the catalog price for ordering multiple GGGs changed (cheaper!). To be honest I had not gone back to look, and had not noticed yet.

But, I got an email from customer service last night, saying they had refunded me the difference in points between when I redeemed, and what they are valued at now. Over 30K points added back to my account!! Very proactive, unexpected, and frankly awesome, customer service!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Kedar Dubhashi » February 23rd, 2021, 6:48 pm

When you factor in taxes, the redemption value is really 0.66 cents/point.

I will do a side-by-side comparison between Zalto Burgundy, Sensory and Grassl Cru someday. :)

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Ken Strauss » February 23rd, 2021, 6:43 pm

Mich@el Ch@ng wrote: February 23rd, 2021, 6:34 pm
Ken Strauss wrote: February 23rd, 2021, 6:29 pm
Mich@el Ch@ng wrote: February 23rd, 2021, 9:14 am I know, I bought one of those packs, but they don’t always have them.
They have them now.
Why would you make that post knowing that they cost $300?
Because that’s what they cost. Even at 300 it’s still the best value on there IMO.
Ok
Thats ok!
Just pointing out that it’s a $300 comparison not $400

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Mich@el Ch@ng » February 23rd, 2021, 6:34 pm

Ken Strauss wrote: February 23rd, 2021, 6:29 pm
Mich@el Ch@ng wrote: February 23rd, 2021, 9:14 am I know, I bought one of those packs, but they don’t always have them.
They have them now.
Why would you make that post knowing that they cost $300?
Because that’s what they cost. Even at 300 it’s still the best value on there IMO.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Li Chen » February 23rd, 2021, 6:33 pm

Ken Strauss wrote: February 23rd, 2021, 6:29 pm
Mich@el Ch@ng wrote: February 23rd, 2021, 9:14 am I know, I bought one of those packs, but they don’t always have them.
They have them now.
Why would you make that post knowing that they cost $300?
Ken, I received mine from Rare Wine Co today. They are very pretty. Best redemption, IMHO.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Ken Strauss » February 23rd, 2021, 6:29 pm

Mich@el Ch@ng wrote: February 23rd, 2021, 9:14 am I know, I bought one of those packs, but they don’t always have them.
They have them now.
Why would you make that post knowing that they cost $300?

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Mich@el Ch@ng » February 23rd, 2021, 9:14 am

I know, I bought one of those packs, but they don’t always have them.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Ken Strauss » February 23rd, 2021, 8:50 am

Mich@el Ch@ng wrote: February 23rd, 2021, 7:23 am
Dan Hammer wrote: February 23rd, 2021, 6:02 am
Mich@el Ch@ng wrote: February 22nd, 2021, 6:24 pm Sensory 4 pack seems like the best deal.
I tasted these wines at a local NYC tasting several years ago. Craig from Sojourn suggested it.
I’m referring to the conterno sensory glass. The 4 pack is usually ~400 so that’s about 0.8 cpp, or ~5.6% on the 7x pts.
Just so you know Rare Wine sells the Conterno glass 4 pack for $300 with free shipping.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Todd F r e n c h » February 23rd, 2021, 8:25 am

I'm gonna finally get a Coravin with my points...just waiting on the bonus

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Mich@el Ch@ng » February 23rd, 2021, 7:23 am

Dan Hammer wrote: February 23rd, 2021, 6:02 am
Mich@el Ch@ng wrote: February 22nd, 2021, 6:24 pm Sensory 4 pack seems like the best deal.
I tasted these wines at a local NYC tasting several years ago. Craig from Sojourn suggested it.
I’m referring to the conterno sensory glass. The 4 pack is usually ~400 so that’s about 0.8 cpp, or ~5.6% on the 7x pts.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Dan Hammer » February 23rd, 2021, 6:02 am

Mich@el Ch@ng wrote: February 22nd, 2021, 6:24 pm Sensory 4 pack seems like the best deal.
I tasted these wines at a local NYC tasting several years ago. Craig from Sojourn suggested it.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Mich@el Ch@ng » February 22nd, 2021, 6:24 pm

Sensory 4 pack seems like the best deal.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Luca Giupponi » February 22nd, 2021, 5:52 pm

Just got my signup bonus!! Sadly all the Hanzell got swept up by those of you who were faster than me....

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by matthewgoldman » February 21st, 2021, 5:25 pm

Li Chen wrote: February 21st, 2021, 9:33 am Brian, thanks. It's not yet posted to my account. Maybe it takes a few days.
Generally speaking, the Top Wine Merchant bonus is based on calendar month, not your individual statement period. You should expect to see this bonus within a few days of the end of each calendar month. This may vary depending on the day of the week that any given month ends.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Li Chen » February 21st, 2021, 9:33 am

Brian, thanks. It's not yet posted to my account. Maybe it takes a few days.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Brian Tuite » February 21st, 2021, 9:13 am

Li Chen wrote: February 21st, 2021, 9:05 am Copy-pasted from GrandReserveCard.com

"Earn an additional 2 points per dollar at your top wine merchant (the winery or wine merchant where you spend the most) each month"
Login and click on “Rewards Activity”

34D796A1-506B-461A-B357-6D91D8822D88.jpeg

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Li Chen » February 21st, 2021, 9:05 am

Copy-pasted from GrandReserveCard.com

"Earn an additional 2 points per dollar at your top wine merchant (the winery or wine merchant where you spend the most) each month"

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Brian Tuite » February 21st, 2021, 8:47 am

Li Chen wrote: February 21st, 2021, 8:00 am Has anyone received the monthly 2X after statement posted? I do not see mine.
?

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Li Chen » February 21st, 2021, 8:00 am

Has anyone received the monthly 2X after statement posted? I do not see mine.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Mark Morrissette » February 20th, 2021, 9:48 am

One oddity on the Gabriel Gold glasses is that ordering a 6-pack costs more than ordering 3 two-packs. Only 100 points more, but still odd.
Anyway, order in, and I am very pleased!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Kedar Dubhashi » February 20th, 2021, 9:24 am

I found the following to be the best redemptions:

Grassl BD12 dozen/6
Sensory 4-pack
Gabriel Gold 2-pack
2016 Vineyard 7 & 8
2016 Palmaz

Would love to hear from the experts here.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Anthony C » February 19th, 2021, 7:31 am

Mike C. wrote: February 18th, 2021, 10:29 pm The Nez du Vin aroma kit came back but unfortunately the point value was raised by nearly 10K points (I think it was 66.5K when I applied and now it is 75K). Still put in the order but not a great look.
Yeah, I made a quick spreadsheet to compare the card to my other cashback card and I had the same number down for the Le Nez kit.

Looks like some items in the catalog are still about 150 to 170 points per dollar, but the Coravin capsules and Le Nez stuff I just checked went up to 187 points per dollar since I signed up. Using my purchasing habits that equates to about a 1.7% cash back card (at 167 points per dollar, it's more like a 1.9% cash back card). It will be interesting to see what the points per dollar of future catalog items are. Right now it's still barely a better deal than my bank's free card. The annual fee and what the points can actually buy will determine if it stays that way.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Mike C. » February 18th, 2021, 10:29 pm

The Nez du Vin aroma kit came back but unfortunately the point value was raised by nearly 10K points (I think it was 66.5K when I applied and now it is 75K). Still put in the order but not a great look.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Ken Strauss » February 18th, 2021, 1:36 pm

Received and paid my 1st bill and was promptly credited 75,000 points.
I was happy to see in the catalog the bd12 special for glassl. Ordered
Thanks

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by matthewgoldman » February 16th, 2021, 1:54 pm

Brian Tuite wrote: February 16th, 2021, 8:27 am Little snippet of info for you all. If you make your payment on acct with a checking acct ACH transaction your acct is not credited with the payment for 7-10 days. So, although I have paid my acct on 2-11-21 (prior to the statement even hitting) I have no open to buy until 2-23-21.

So, in essence, if you pay a balance that is 1/2 or more of your credit line with your bank acct your card is only good for 20 days a month.

This is the first card or credit acct of any kind that I have ever had that has this kind of policy. Very consumer unfriendly. Thanks but no thanks.
Brian - I messaged you privately about your account. I am here to listen, improve and respond. I do encourage you to contact us directly about account-specific issues.

Generally speaking, when payments are made via a checking or savings account, there may be up to a 7 business day hold on your account until the payment fully clears on our end, although typically 3 business days. The payment is recognized on the date it is made, although the open credit may reflect the payment hold.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by matthewgoldman » February 16th, 2021, 9:19 am

Dan Hammer wrote: February 14th, 2021, 5:21 pm
matthewgoldman wrote: February 14th, 2021, 1:48 pm Hi all - a quick note since a few folks asked and our catalog availability has improved again; thank you for your patience. I think all of the items that were mentioned are back as well as some other great new items such as SippingTHIS coasters, Glasvin Glasses, and some nice chocolates.

We always welcome your feedback on the catalog. If you want to see something please let me know and we will see if we can make it happen! Cheers!
When can we expect to see travel items, such as hotels back up?
Hotel availability is very limited due to COVID-19 and the capacity restrictions. At this time I wouldn't hazard a guess on when hotel deals will be back in the ProofLoyalty store.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Brian Tuite » February 16th, 2021, 8:27 am

Little snippet of info for you all. If you make your payment on acct with a checking acct ACH transaction your acct is not credited with the payment for 7-10 days. So, although I have paid my acct on 2-11-21 (prior to the statement even hitting) I have no open to buy until 2-23-21.

So, in essence, if you pay a balance that is 1/2 or more of your credit line with your bank acct your card is only good for 20 days a month.

This is the first card or credit acct of any kind that I have ever had that has this kind of policy. Very consumer unfriendly. Thanks but no thanks.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Dan Hammer » February 14th, 2021, 5:21 pm

matthewgoldman wrote: February 14th, 2021, 1:48 pm Hi all - a quick note since a few folks asked and our catalog availability has improved again; thank you for your patience. I think all of the items that were mentioned are back as well as some other great new items such as SippingTHIS coasters, Glasvin Glasses, and some nice chocolates.

We always welcome your feedback on the catalog. If you want to see something please let me know and we will see if we can make it happen! Cheers!
When can we expect to see travel items, such as hotels back up?

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by matthewgoldman » February 14th, 2021, 1:48 pm

Hi all - a quick note since a few folks asked and our catalog availability has improved again; thank you for your patience. I think all of the items that were mentioned are back as well as some other great new items such as SippingTHIS coasters, Glasvin Glasses, and some nice chocolates.

We always welcome your feedback on the catalog. If you want to see something please let me know and we will see if we can make it happen! Cheers!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Bruce Rudman » February 13th, 2021, 3:18 am

JDavisRoby wrote: February 12th, 2021, 6:43 pm
I have no dog in this fight other than a quixotic belief the world can return to a more civil place someday.
This is my hope in every arena.

I cannot even imagine taking the time to calculate the comparisons and participate on the foregoing scale in these complaints about points on their luxury credit cards. Not happy with the free card then don't renew it next year when they want to charge a fee. That simple.

To me, I'd rather just enjoy the wine I bought in the free glasses they sent!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Won H. L e e » February 12th, 2021, 9:17 pm

Kedar Dubhashi wrote: February 12th, 2021, 4:24 pm
Won H. L e e wrote: February 12th, 2021, 1:14 pm
Kedar Dubhashi wrote: February 11th, 2021, 6:00 pm

Won, I am not great at math as you are but I will try. :)

It's 5% with a partner + 2% with the merchant where you spent the most per billing statement.
It's 3% at wineries/wine.com etc + %2 just like above.

Done carefully, you would get 7% at a partner and 5% at wine.com per month -- which could net you 4.2 cents per dollar spent with a partner and 3 cents at wine.com. That beats Sapphire, IMHO. Also, beats Chase Sapphire Reserve + Freedom Unlimited which would give you 2.25 (1.5 x 1.5) cents per dollar spent. Let's not discount $550 yearly Reserve fees.

I have only scanned the catalog of goodies. Based on some examples, Riedel Sommelier glasses would give me .6 cents/point. ProofLoyalty is at .5 cents/point.

Hilton Honors program gives me .5 cents/point. So, this is in the ballpark for redemption, a little better actually.

I had not signed up for the previous program. I don't quite understand why you are so upset at .4 cents/point. It's not great like Hyatt at 1.8-2 cents/point but it's not too far off from Hilton. And it was for free!

My belief: this card would be useful for people who spend quite a bit on wines per year. If you spend $7500 per year at partners, you will come out ahead compared to Reserve. No?

except that's not how math works. Not all points are created equal, and GRW has specified that each point is worth 0.4 cents. Therefore, you get 7 POINTS (not dollars) at the max category listed above. 7 pts *.4 cents = 2.1 cents per dollar spend. and much less elsewhere. You may get a slightly better value by aiming for specific rewards as specified, but it isn't much.

Chase reserve is priced at $450 (they don't plan to increase the cost). but you get $300 back each year, anything that is considered a travel, including hotel/flight/rental car, so it's more of $150 per yr. + more benefit than what this card offers.
Also, YMMV but many wineries I have purchased counted as dining/travel, and thereby being credited with 3 points per dollar spent; heck even garagiste wine was considered food/drink purchase, and thereby earning 3 points. Each chase pt could be valued at 1.5 cent, so that's 4.5% return. What's better option then?

Look, I am not flaming their old program. I was a fan, signed up, enjoyed it. I get it that they don't make much $$ off of it compare to the credit card, but to give customer only short notice with expiration, so take it or leave it is what left bad taste in my mouth. It felt like they were trying to hook people onto service, and then switch bait to credit card.
I think you are still missing something here. Yes, I understand that the cashback value of the expiring program is 0.4. However, redemption value for something like Riedel Sommelier is 0.6. So, 7 x 0.6 is 4.2.

In the interest of learning, how do you know beforehand that CSR would give you 3% at a winery before you make the charge?

Also, on the point of the previous program -- why not redeem whatever points you have from the old program for something you want? Whatever is left is likely too insignificant even if you were to get 0.4 cents/point.

YMMV with redemption. You can find Riedel Som glasses on sale, which would lower the redemption cost, but I think we are just disagreeing on point valuation, and that happens with every point currency, so no need to debate there.

I can't vouch for all wineries, but i have noticed many wineries being categorized that way, and furthermore, i'd make a small purchase (before say diving into a big purchase) to see how CSR (or say amex gold) categorize the spending.

I am, but don't have much on the offer sheet that i can get with the points... for items that I would want.


cheers.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by JDavisRoby » February 12th, 2021, 6:43 pm

The internet and its forums are a funny place. What other place is it okay to openly disparage someones business right in their face? Would you walk into the lobby of a business and campaign potential customers to not do business with the business?

I get you’re upset at something but if you believe the point value is so bad to begin with why you do care so much? Are you trying to save the masses from what you perceive to be a bad deal?

I have no dog in this fight other than a quixotic belief the world can return to a more civil place someday.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Kedar Dubhashi » February 12th, 2021, 4:24 pm

Won H. L e e wrote: February 12th, 2021, 1:14 pm
Kedar Dubhashi wrote: February 11th, 2021, 6:00 pm
Won H. L e e wrote: February 11th, 2021, 4:17 pm


Best redemption value is to spend whatever points you have left and get out. The company just admitted that their point is valued at 0.004 cent per. They offer 5 points per dollar spent (thereby 2% return) on their partners, 1.2% return on other wineries, wine clubs, restaurants, deliveries, and 0.8% return on everywhere else, while charging $149 per year (After 1st yr). Heck, you can get Chase Sapphire preferred and get 2% return on all wineries, dining (including takeout) and still get 1% return on everywhere else, with annual fee of 99$. I can also explain why Amex Gold and Chase Reserve is better (Despite higher fees) but I don't want to expand into that.


Why would anyone even bother signing up for this card?
Won, I am not great at math as you are but I will try. :)

It's 5% with a partner + 2% with the merchant where you spent the most per billing statement.
It's 3% at wineries/wine.com etc + %2 just like above.

Done carefully, you would get 7% at a partner and 5% at wine.com per month -- which could net you 4.2 cents per dollar spent with a partner and 3 cents at wine.com. That beats Sapphire, IMHO. Also, beats Chase Sapphire Reserve + Freedom Unlimited which would give you 2.25 (1.5 x 1.5) cents per dollar spent. Let's not discount $550 yearly Reserve fees.

I have only scanned the catalog of goodies. Based on some examples, Riedel Sommelier glasses would give me .6 cents/point. ProofLoyalty is at .5 cents/point.

Hilton Honors program gives me .5 cents/point. So, this is in the ballpark for redemption, a little better actually.

I had not signed up for the previous program. I don't quite understand why you are so upset at .4 cents/point. It's not great like Hyatt at 1.8-2 cents/point but it's not too far off from Hilton. And it was for free!

My belief: this card would be useful for people who spend quite a bit on wines per year. If you spend $7500 per year at partners, you will come out ahead compared to Reserve. No?

except that's not how math works. Not all points are created equal, and GRW has specified that each point is worth 0.4 cents. Therefore, you get 7 POINTS (not dollars) at the max category listed above. 7 pts *.4 cents = 2.1 cents per dollar spend. and much less elsewhere. You may get a slightly better value by aiming for specific rewards as specified, but it isn't much.

Chase reserve is priced at $450 (they don't plan to increase the cost). but you get $300 back each year, anything that is considered a travel, including hotel/flight/rental car, so it's more of $150 per yr. + more benefit than what this card offers.
Also, YMMV but many wineries I have purchased counted as dining/travel, and thereby being credited with 3 points per dollar spent; heck even garagiste wine was considered food/drink purchase, and thereby earning 3 points. Each chase pt could be valued at 1.5 cent, so that's 4.5% return. What's better option then?

Look, I am not flaming their old program. I was a fan, signed up, enjoyed it. I get it that they don't make much $$ off of it compare to the credit card, but to give customer only short notice with expiration, so take it or leave it is what left bad taste in my mouth. It felt like they were trying to hook people onto service, and then switch bait to credit card.
I think you are still missing something here. Yes, I understand that the cashback value of the expiring program is 0.4. However, redemption value for something like Riedel Sommelier is 0.6. So, 7 x 0.6 is 4.2.

In the interest of learning, how do you know beforehand that CSR would give you 3% at a winery before you make the charge?

Also, on the point of the previous program -- why not redeem whatever points you have from the old program for something you want? Whatever is left is likely too insignificant even if you were to get 0.4 cents/point.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Won H. L e e » February 12th, 2021, 2:07 pm

Eric Z. wrote: February 12th, 2021, 1:22 pm
Won H. L e e wrote: February 12th, 2021, 1:14 pm
Kedar Dubhashi wrote: February 11th, 2021, 6:00 pm

Won, I am not great at math as you are but I will try. :)

It's 5% with a partner + 2% with the merchant where you spent the most per billing statement.
It's 3% at wineries/wine.com etc + %2 just like above.

Done carefully, you would get 7% at a partner and 5% at wine.com per month -- which could net you 4.2 cents per dollar spent with a partner and 3 cents at wine.com. That beats Sapphire, IMHO. Also, beats Chase Sapphire Reserve + Freedom Unlimited which would give you 2.25 (1.5 x 1.5) cents per dollar spent. Let's not discount $550 yearly Reserve fees.

I have only scanned the catalog of goodies. Based on some examples, Riedel Sommelier glasses would give me .6 cents/point. ProofLoyalty is at .5 cents/point.

Hilton Honors program gives me .5 cents/point. So, this is in the ballpark for redemption, a little better actually.

I had not signed up for the previous program. I don't quite understand why you are so upset at .4 cents/point. It's not great like Hyatt at 1.8-2 cents/point but it's not too far off from Hilton. And it was for free!

My belief: this card would be useful for people who spend quite a bit on wines per year. If you spend $7500 per year at partners, you will come out ahead compared to Reserve. No?

except that's not how math works. Not all points are created equal, and GRW has specified that each point is worth 0.4 cents. Therefore, you get 7 POINTS (not dollars) at the max category listed above. 7 pts *.4 cents = 2.1 cents per dollar spend. and much less elsewhere. You may get a slightly better value by aiming for specific rewards as specified, but it isn't much.

Chase reserve is priced at $450 (they don't plan to increase the cost). but you get $300 back each year, anything that is considered a travel, including hotel/flight/rental car, so it's more of $150 per yr. + more benefit than what this card offers.
Also, YMMV but many wineries I have purchased counted as dining/travel, and thereby being credited with 3 points per dollar spent; heck even garagiste wine was considered food/drink purchase, and thereby earning 3 points. Each chase pt could be valued at 1.5 cent, so that's 4.5% return. What's better option then?

Look, I am not flaming their old program. I was a fan, signed up, enjoyed it. I get it that they don't make much $$ off of it compare to the credit card, but to give customer only short notice with expiration, so take it or leave it is what left bad taste in my mouth. It felt like they were trying to hook people onto service, and then switch bait to credit card.
CSR actually did bump up their price to $550 in Jan 2020 and if you open up a browser to apply it says $550. They clawed it back with a $100 statement credit upon renewal for a time and just expanded that for another wave of those who are set to renew. Does skew your math a bit but I am a fanatic about credit card points as my wife and I have traveled the world for free so yes I'd take CSR or Amex MR over points in any specific sector. Not bashing this product but its why I do not collect United Miles or Delta Miles but you collect transferrable currency so when someone changes the game, you go elsewhere. Here - the game changed it seems and you are now in their new program without much options.

I am sure there is a break even point if you spend a lot with the select wineries you'll come out ahead. If you are truly into the points game you likely have more than 1 piece of plastic in your wallet any given time!
I am with you on the mile/point gaming world. I miss the days when I could go on mileage runs (although should i miss em?). Yes CSR did bump it to $550, but following onset of pandemic, they backed off and 2021 are gonna renew at $450. I am actually considering moving away from CSR to either citi or amex gold. CSR need to reposition itself. Nevertheless, my complaint was more than what was offered for this credit card. Rather that it felt ingenuine that they rushed people last (2020) berkserkerday to sign up for their reward system, only to drop it with short notice; take-it-or-leave-it kind of proposition is what frustrated me.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Eric Z. » February 12th, 2021, 1:22 pm

Won H. L e e wrote: February 12th, 2021, 1:14 pm
Kedar Dubhashi wrote: February 11th, 2021, 6:00 pm
Won H. L e e wrote: February 11th, 2021, 4:17 pm


Best redemption value is to spend whatever points you have left and get out. The company just admitted that their point is valued at 0.004 cent per. They offer 5 points per dollar spent (thereby 2% return) on their partners, 1.2% return on other wineries, wine clubs, restaurants, deliveries, and 0.8% return on everywhere else, while charging $149 per year (After 1st yr). Heck, you can get Chase Sapphire preferred and get 2% return on all wineries, dining (including takeout) and still get 1% return on everywhere else, with annual fee of 99$. I can also explain why Amex Gold and Chase Reserve is better (Despite higher fees) but I don't want to expand into that.


Why would anyone even bother signing up for this card?
Won, I am not great at math as you are but I will try. :)

It's 5% with a partner + 2% with the merchant where you spent the most per billing statement.
It's 3% at wineries/wine.com etc + %2 just like above.

Done carefully, you would get 7% at a partner and 5% at wine.com per month -- which could net you 4.2 cents per dollar spent with a partner and 3 cents at wine.com. That beats Sapphire, IMHO. Also, beats Chase Sapphire Reserve + Freedom Unlimited which would give you 2.25 (1.5 x 1.5) cents per dollar spent. Let's not discount $550 yearly Reserve fees.

I have only scanned the catalog of goodies. Based on some examples, Riedel Sommelier glasses would give me .6 cents/point. ProofLoyalty is at .5 cents/point.

Hilton Honors program gives me .5 cents/point. So, this is in the ballpark for redemption, a little better actually.

I had not signed up for the previous program. I don't quite understand why you are so upset at .4 cents/point. It's not great like Hyatt at 1.8-2 cents/point but it's not too far off from Hilton. And it was for free!

My belief: this card would be useful for people who spend quite a bit on wines per year. If you spend $7500 per year at partners, you will come out ahead compared to Reserve. No?

except that's not how math works. Not all points are created equal, and GRW has specified that each point is worth 0.4 cents. Therefore, you get 7 POINTS (not dollars) at the max category listed above. 7 pts *.4 cents = 2.1 cents per dollar spend. and much less elsewhere. You may get a slightly better value by aiming for specific rewards as specified, but it isn't much.

Chase reserve is priced at $450 (they don't plan to increase the cost). but you get $300 back each year, anything that is considered a travel, including hotel/flight/rental car, so it's more of $150 per yr. + more benefit than what this card offers.
Also, YMMV but many wineries I have purchased counted as dining/travel, and thereby being credited with 3 points per dollar spent; heck even garagiste wine was considered food/drink purchase, and thereby earning 3 points. Each chase pt could be valued at 1.5 cent, so that's 4.5% return. What's better option then?

Look, I am not flaming their old program. I was a fan, signed up, enjoyed it. I get it that they don't make much $$ off of it compare to the credit card, but to give customer only short notice with expiration, so take it or leave it is what left bad taste in my mouth. It felt like they were trying to hook people onto service, and then switch bait to credit card.
CSR actually did bump up their price to $550 in Jan 2020 and if you open up a browser to apply it says $550. They clawed it back with a $100 statement credit upon renewal for a time and just expanded that for another wave of those who are set to renew. Does skew your math a bit but I am a fanatic about credit card points as my wife and I have traveled the world for free so yes I'd take CSR or Amex MR over points in any specific sector. Not bashing this product but its why I do not collect United Miles or Delta Miles but you collect transferrable currency so when someone changes the game, you go elsewhere. Here - the game changed it seems and you are now in their new program without much options.

I am sure there is a break even point if you spend a lot with the select wineries you'll come out ahead. If you are truly into the points game you likely have more than 1 piece of plastic in your wallet any given time!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Won H. L e e » February 12th, 2021, 1:14 pm

Kedar Dubhashi wrote: February 11th, 2021, 6:00 pm
Won H. L e e wrote: February 11th, 2021, 4:17 pm
Kedar Dubhashi wrote: February 10th, 2021, 3:09 pm I am hoping the experts here would advise us on the thoughts below.

What are the best redemption values for GR Wine Points? Is it Chris' fantastic glasses, ProofLoyalty? Something else?

I missed the BD12 boat for spending. What expenses are you putting on this card?

Some point systems allow combining points across multiple accounts. I was wondering if our friend Won H. Lee might be allowed to combine points across multiple accounts into a single one. It would be a great selling point for the card and make Won happy.

Best redemption value is to spend whatever points you have left and get out. The company just admitted that their point is valued at 0.004 cent per. They offer 5 points per dollar spent (thereby 2% return) on their partners, 1.2% return on other wineries, wine clubs, restaurants, deliveries, and 0.8% return on everywhere else, while charging $149 per year (After 1st yr). Heck, you can get Chase Sapphire preferred and get 2% return on all wineries, dining (including takeout) and still get 1% return on everywhere else, with annual fee of 99$. I can also explain why Amex Gold and Chase Reserve is better (Despite higher fees) but I don't want to expand into that.


Why would anyone even bother signing up for this card?
Won, I am not great at math as you are but I will try. :)

It's 5% with a partner + 2% with the merchant where you spent the most per billing statement.
It's 3% at wineries/wine.com etc + %2 just like above.

Done carefully, you would get 7% at a partner and 5% at wine.com per month -- which could net you 4.2 cents per dollar spent with a partner and 3 cents at wine.com. That beats Sapphire, IMHO. Also, beats Chase Sapphire Reserve + Freedom Unlimited which would give you 2.25 (1.5 x 1.5) cents per dollar spent. Let's not discount $550 yearly Reserve fees.

I have only scanned the catalog of goodies. Based on some examples, Riedel Sommelier glasses would give me .6 cents/point. ProofLoyalty is at .5 cents/point.

Hilton Honors program gives me .5 cents/point. So, this is in the ballpark for redemption, a little better actually.

I had not signed up for the previous program. I don't quite understand why you are so upset at .4 cents/point. It's not great like Hyatt at 1.8-2 cents/point but it's not too far off from Hilton. And it was for free!

My belief: this card would be useful for people who spend quite a bit on wines per year. If you spend $7500 per year at partners, you will come out ahead compared to Reserve. No?

except that's not how math works. Not all points are created equal, and GRW has specified that each point is worth 0.4 cents. Therefore, you get 7 POINTS (not dollars) at the max category listed above. 7 pts *.4 cents = 2.1 cents per dollar spend. and much less elsewhere. You may get a slightly better value by aiming for specific rewards as specified, but it isn't much.

Chase reserve is priced at $450 (they don't plan to increase the cost). but you get $300 back each year, anything that is considered a travel, including hotel/flight/rental car, so it's more of $150 per yr. + more benefit than what this card offers.
Also, YMMV but many wineries I have purchased counted as dining/travel, and thereby being credited with 3 points per dollar spent; heck even garagiste wine was considered food/drink purchase, and thereby earning 3 points. Each chase pt could be valued at 1.5 cent, so that's 4.5% return. What's better option then?

Look, I am not flaming their old program. I was a fan, signed up, enjoyed it. I get it that they don't make much $$ off of it compare to the credit card, but to give customer only short notice with expiration, so take it or leave it is what left bad taste in my mouth. It felt like they were trying to hook people onto service, and then switch bait to credit card.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by matthewgoldman » February 12th, 2021, 12:00 pm

D@ve D y r 0 f f wrote: February 12th, 2021, 11:42 am My sign-up bonus hasn't come through yet, but while I wait I only see the one BD12 special in the catalog - 75k for 12 stems. I filled out the survey for the half-deal at 37.5K for 6, will that be appearing soon?

Thanks!
If you choose "Show Options" on the BD12 special you will see 37,500 for 6 option and 75,000 for 12 option. It's like t-shirt sizes, just pick the correct one and add to cart.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by D@ve D y r 0 f f » February 12th, 2021, 11:42 am

My sign-up bonus hasn't come through yet, but while I wait I only see the one BD12 special in the catalog - 75k for 12 stems. I filled out the survey for the half-deal at 37.5K for 6, will that be appearing soon?

Thanks!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by matthewgoldman » February 12th, 2021, 11:33 am

bradkaplan wrote: February 12th, 2021, 11:11 am Thanks Matthew - I just placed an order but honestly don't recall what my filled out form indicated I wanted! I PM'd Chris to clarify what I would like, but if there's a better way to do that, please let us know.
Great. Chris will be in touch on fulfillment for these special orders!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by bradkaplan » February 12th, 2021, 11:11 am

Thanks Matthew - I just placed an order but honestly don't recall what my filled out form indicated I wanted! I PM'd Chris to clarify what I would like, but if there's a better way to do that, please let us know.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by matthewgoldman » February 12th, 2021, 10:59 am

For those of you who filled out Chris's Grassl survey for special 6 and 12 packs those are now available in the catalog. Look for the BD12 specials.

The catalog will continue to change, always. items come in and out of stock. Manufacturers discontinue items, etc. We're working to restock some additional items and you'll see quite a few more in the next week or so be added (some returns, some new).

For Kedar's math: the value of a point at ProofLoyalty (or anywhere else) in the catalog is a minimum of $0.006 per point. Some things are better deals than others. Some things are priceless (e.g. a winemaker dinner) and as we look to a more open world we hope to have more great experiences for you all to enjoy.

Thanks for the feedback and keep it coming!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Bruce Rudman » February 12th, 2021, 6:03 am

Interesting mix of complaints here. I did not get my card until Wednesday (about 18 days after approval). In fact, I got an email that they had printing issues and extended the bonus period by 30 days due to the delay. Then on Wednesday I got two cards with two different numbers, one by snail mail and one by Fedex. Too late for most of the Spring buying season or Berserkerday, but I am happy with the Grassl glasses and will try out the card the next 90 days for the added points. I did not see Realm Cellars as a vendor so used a higher points card for that purchase though!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by bradkaplan » February 12th, 2021, 6:00 am

Since we are all peppering Matthew with questions, I'm eager to use some points on two Grassl 6 packs - coming soon?

(I should add, I've been happy with everything thus far, sorry to hear others are having issues)

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Brian Tuite » February 12th, 2021, 5:29 am

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champagne.gif

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Mike C. » February 11th, 2021, 11:09 pm

matthewgoldman wrote: January 27th, 2021, 3:01 pm
Mike C. wrote: January 27th, 2021, 2:34 pm What happened to the wine scent kits on the reward page? I saw it last week as a redemption option before I applied but now they are all gone.
Temporary stock issues...some should re-appear shortly! We try not to show out of stock items.
I see that the 12-aroma kit is back but not the Le Nez du Vin or the 60-aroma master kit--will either of those two be coming back soon? Thanks in advance!

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Kedar Dubhashi » February 11th, 2021, 6:00 pm

Won H. L e e wrote: February 11th, 2021, 4:17 pm
Kedar Dubhashi wrote: February 10th, 2021, 3:09 pm I am hoping the experts here would advise us on the thoughts below.

What are the best redemption values for GR Wine Points? Is it Chris' fantastic glasses, ProofLoyalty? Something else?

I missed the BD12 boat for spending. What expenses are you putting on this card?

Some point systems allow combining points across multiple accounts. I was wondering if our friend Won H. Lee might be allowed to combine points across multiple accounts into a single one. It would be a great selling point for the card and make Won happy.

Best redemption value is to spend whatever points you have left and get out. The company just admitted that their point is valued at 0.004 cent per. They offer 5 points per dollar spent (thereby 2% return) on their partners, 1.2% return on other wineries, wine clubs, restaurants, deliveries, and 0.8% return on everywhere else, while charging $149 per year (After 1st yr). Heck, you can get Chase Sapphire preferred and get 2% return on all wineries, dining (including takeout) and still get 1% return on everywhere else, with annual fee of 99$. I can also explain why Amex Gold and Chase Reserve is better (Despite higher fees) but I don't want to expand into that.


Why would anyone even bother signing up for this card?
Won, I am not great at math as you are but I will try. :)

It's 5% with a partner + 2% with the merchant where you spent the most per billing statement.
It's 3% at wineries/wine.com etc + %2 just like above.

Done carefully, you would get 7% at a partner and 5% at wine.com per month -- which could net you 4.2 cents per dollar spent with a partner and 3 cents at wine.com. That beats Sapphire, IMHO. Also, beats Chase Sapphire Reserve + Freedom Unlimited which would give you 2.25 (1.5 x 1.5) cents per dollar spent. Let's not discount $550 yearly Reserve fees.

I have only scanned the catalog of goodies. Based on some examples, Riedel Sommelier glasses would give me .6 cents/point. ProofLoyalty is at .5 cents/point.

Hilton Honors program gives me .5 cents/point. So, this is in the ballpark for redemption, a little better actually.

I had not signed up for the previous program. I don't quite understand why you are so upset at .4 cents/point. It's not great like Hyatt at 1.8-2 cents/point but it's not too far off from Hilton. And it was for free!

My belief: this card would be useful for people who spend quite a bit on wines per year. If you spend $7500 per year at partners, you will come out ahead compared to Reserve. No?

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by matthewgoldman » February 11th, 2021, 4:59 pm

Won H. L e e wrote: February 11th, 2021, 4:18 pm
matthewgoldman wrote: February 10th, 2021, 12:53 pm
Won H. L e e wrote: February 10th, 2021, 12:44 pm


correct, you were allowing this company to have free access to your data, in return for providing meager point. I signed up also because, heck google has all my info anyway. So grand reserve mined the data, likely spun that to sell for profit, and now are discontinuing that to force people to either lose point, or cash out at ridiculously low $per point, or get their credit card with crappy value. yay
I do want to make clear that we do not sell user data. No profit was earned from the Grand Reserve Link program.
I want to make sure I heard you correct then. You have ran money losing business all this time prior to credit card program. That the ability to acquire partnership with wineries were NOT based on spending pattern analysis from your members or any of their personal data?
That's correct. We did not sell any personal information and are prohibited from doing so in our privacy policy. We were hopeful that the Grand Reserve Link program would grow and we would be able to provide offers to its members from our partner wineries. However, as many of our users have experienced, our ability to consistently download transactional data from third-party credit card companies, has been challenging. This is the primary reason we are sunsetting the program. The bank-connection technology is not reliable enough to provide a great experience to all users. In addition, many users did not want to use the Plaid interface to login to their bank.

In contrast, with our own card, we get all of the data directly from Mastercard. This enables us to consistently and properly reward points. Cardmembers are eligible both for the higher per transaction earning rates and for special offers from our partner wineries.

Re: Grand Reserve World Mastercard - Earn up to 8x Points On BD12

by Won H. L e e » February 11th, 2021, 4:18 pm

matthewgoldman wrote: February 10th, 2021, 12:53 pm
Won H. L e e wrote: February 10th, 2021, 12:44 pm
Todd F r e n c h wrote: February 10th, 2021, 11:00 am

I just received the email, trying to figure it out as well. To me it seems like it is the former program, where you just linked another card to the rewards program (like I had), but that earned very little in terms of points, by my experience anyway.

correct, you were allowing this company to have free access to your data, in return for providing meager point. I signed up also because, heck google has all my info anyway. So grand reserve mined the data, likely spun that to sell for profit, and now are discontinuing that to force people to either lose point, or cash out at ridiculously low $per point, or get their credit card with crappy value. yay
I do want to make clear that we do not sell user data. No profit was earned from the Grand Reserve Link program.
I want to make sure I heard you correct then. You have ran money losing business all this time prior to credit card program. That the ability to acquire partnership with wineries were NOT based on spending pattern analysis from your members or any of their personal data?

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