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August 25, 2017 12:00 PM PT

Chase Sapphire Rewards: What You Need to Know

Editorial Note: This content is not provided by the card issuer. Opinions expressed here are author's alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer.
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Chase Sapphire cards offer some of the best travel rewards. Here's what you need to know, including how to earn points and redeem them for maximum value.

Chase has two cards in the Sapphire family: Chase Sapphire Preferred and Chase Sapphire Reserve.

Both are highly popular travel reward cards. Both offer a large sign-up bonus and extra points on travel and dining purchases.

You can use points to purchase travel on the Ultimate Rewards travel portal at a discount, or transfer them to Chase airline and hotel partners.

Read on for everything you need to know about Chase Sapphire Rewards.

Note: Chase used to have a Chase Sapphire card with no annual fee. But that card is no longer available. Now, there is the Sapphire Preferred (Chase's travel card) and Sapphire Reserve (the luxury travel card).

Chase Sapphire Preferred vs Sapphire Reserve

First, let's go over how the two Sapphire Cards work:

 

Chase Sapphire Preferred

Chase Sapphire Reserve

 

Interest Rates and Fees

Purchase APR16.99% to 23.99% Variable based on your creditworthiness and other factors16.99% to 23.99% Variable based on your creditworthiness and other factors
Balance Transfers APR16.99% to 23.99% Variable based on your creditworthiness and other factors16.99% to 23.99% Variable based on your creditworthiness and other factors
Annual FeeIntroductory Annual Fee of $0 the first year, then $95$450 annual fee
 

Benefits and Features

Points DealIntroductory Bonus Reward Points: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®Introductory Bonus Reward Points: Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward airfare, hotels, car rentals and cruises when you redeem through Chase Ultimate Rewards®
PointsPoint Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwidePoint Rewards: 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
Airline Status Airline Status: $300 Annual Travel Credit (as reimbursement for travel purchases charged to your card).
Complimentary Priority Pass™ Select membership for access to 1,000+ airport lounges worldwide. Enrollment required for Priority Pass Select

Chase Sapphire Reserve: Pricing information including interest rates, benefits and fees was obtained on July 17, 2017 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Chase Sapphire Reserve has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Read our detailed Chase Sapphire Preferred vs Reserve comparison for an analysis of which card is better for you.

How Does Chase Ultimate Rewards Work

Ultimate Rewards is Chase's credit card rewards program. It offers many ways to both earn and use your points.

For Sapphire cardholders, here are some ways to earn points fast:

  • Bonus points on travel and dining. Both Chase Sapphire Preferred and Reserve give you extra points on travel and dining purchases. Sapphire Preferred gives you 2x points, while Sapphire Reserve gives you 3x points.

  • Shop online through Chase's shopping portal. Chase has a great online shopping portal that gives you bonus points for every $1 spent at partner merchant websites. Many popular online stores offer 3-5x bonus points, with some going up to as much as 20x points. This helps you rack up the points faster.

  • Refer your friends. Chase has a Refer-A-Friend program, where you can earn bonus points if your friends and family sign up for the card through you. You can get up to an extra 50,000 points per year by spreading the word on eligible cards. Note that not all Chase credit cards participate in this program.

What can you do with your rewards? There are several ways to redeem your points, including:

  • Cash back or cash equivalent. You can get statement credit, direct deposit, or gift cards at the redemption rate of 1 cent = 1 point.

  • Book travel on the Ultimate Rewards travel portal. Chase has a travel booking site where you can book flights, hotels, and car rentals. With both the Sapphire Preferred and Sapphire Reserve, your points are worth more when used for travel purchases on the travel portal.

    • Sapphire Preferred: points are worth 25% more toward travel on Chase Ultimate Rewards (10,000 points = $125)
    • Sapphire Reserve: points are worth 50% more toward travel on Chase Ultimate Rewards (10,000 points = $150)

  • Transfer points to Chase travel partners. You can also transfer your points 1:1 to one of Chase's 7 airline partners and 4 hotel partners.

Read the beginner's guide to Chase Ultimate Rewards

Ultimate Rewards Airline and Hotel Partners

Chase has 7 airline partners and 4 hotel partners. All partners allow you to transfer your points 1:1 to their loyalty programs. In our opinion, this is the most valuable feature of the rewards program. This gives you the potential to use your points at a much higher value.

Chase's travel partners are:

Airlines:

  • United MileagePlus
  • Southwest Rapid Rewards
  • British Airways Executive Club
  • Air France Flying Blue
  • Korean Air SKYPASS
  • Singapore Airlines KrisFlyer
  • Virgin Atlantic Flying Club

Hotels:

  • Hyatt Gold Passport
  • Marriott Rewards
  • IHG Rewards Club
  • Ritz-Carlton Rewards

Be careful, not all airline partners are equal. In fact, some have downright terrible redemption value. Read our Do's and Don'ts of Chase Transfer Partners before you make a points transfer.

Here are some of our favorite transfer options:

  • Transfer to United as they never charge a fuel surcharge.
  • Transfer to Hyatt as most redemptions are valued at well over 2 cents a point. Hyatt, which has a great award chart, is the most value hotel partner.
  • Use Flying Blue or Korean Air SKYPASS to fly from the continental U.S. to Hawaii, Mexico, Central America, and the Caribbean.

Is It Worth It

Both Chase Sapphire cards offer great rewards and benefits. If you're a frequent traveler, they're worth checking out. Chase Ultimate Rewards is one of the best credit card reward programs on the market. We love that it offers more value for Chase Sapphire cardholders when using their points on the travel portal. The ability to transfer to hotel and airline partners is another valuable feature that make your points worth even more.

Chase Sapphire Preferred Card
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
16.99% - 23.99% Variable
Introductory Annual Fee of $0 the first year, then $95

Next Step: View the issuer's official application, terms, and details

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on August 25, 2017. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Chase website for updated information.

Disclaimer: The information for the Chase Sapphire Reserve has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Chase Sapphire Preferred Card
Apply for Chase Sapphire Preferred Card
At Chase's Secure Site
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
16.99% - 23.99% Variable
Introductory Annual Fee of $0 the first year, then $95

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About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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