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Updated February 22, 2018

Chase Sapphire Reserve Review: Why $450 Worth It

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An ultra premium travel credit card has arrived: the Chase Sapphire Reserve. Is it worth the $450 annual fee? Read this review to decide.

Chase Sapphire Reserve
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Overall Score

4.2

Rewards

4.5

Fees

3.0

Benefits

5.0
5-point scale (the higher, the better)

Pros and Cons

  • Bonus points
  • Annual travel credit
  • Elite travel benefits
  • $450 annual fee
  • No introductory annual fee
  • No intro APR

Bottom Line

Ultra premium credit card for luxury travelers

Rule of thumb: If you spend at least $300 in travel per year AND $278 per month on dining, the Chase Sapphire Reserve is worth it. We'll explain below.

Chase Sapphire Reserve went viral when it was released in August 2016. Thanks to its massive bonus, increased rewards rate, and long list of travel benefits.

The card has since swapped its original 100,000 points bonus for a 50,000 point bonus. But it still comes with a $450 annual fee.

So, is the Chase Sapphire Reserve still worth applying for?

The jaw-dropping annual fee, perks, and benefits put the Sapphire Reserve in the league of luxury travel cards. Despite its smaller bonus, we feel like the rewards and benefits do it justice.

In this article:

What is the Best Chase Credit Card Promotion for 2018?

Who This Card is Good For

  • Frequent travelers. This card is made for travelers. You get 3x points on travel and a $300 annual travel credit. Your points can be redeemed for travel on the Chase travel portal at 50% more value. Better yet, your points can be transferred to Chase airline and hotel partners at a 1:1 ratio. (See below for other must-have travel benefits this card offers.)

    Counterpoint: If you're a casual traveler but still want to accumulate points for a vacation, consider the Chase Sapphire Preferred instead. It has an $0 Intro Annual Fee for the First Year, then $95.

  • Frequent diners. You also get 3x points on dining at restaurants. So even if you're not making a lot of travel purchases, you can still rack up points if you dine out often.

  • International travelers. You get Priority Pass Select membership and application fee reimbursement for Global Entry. Both are perks useful for those who travel abroad.

Did you know: The luxury Sapphire Reserve card was so popular when it was first released that the manufacturer ran out of the materials to make it. Thankfully, that was temporary and metal cards were soon mailed out to those approved.

Why We Like Chase Sapphire Reserve

Some cards offer good rewards but mediocre benefits, or vice versa. The Chase Sapphire Reserve has both. Here are reasons to consider this card:

  1. Sign-up bonus: You earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

    What is this worth? When you redeem your points for travel through Chase Ultimate Rewards, they are worth 1.5 cents each, making those 50,000 point bonus a $750 value. This is more than you would get with the Chase Sapphire Preferred. Sapphire Preferred gives you 1.25 cents value per point when you redeem your points for travel through Ultimate Rewards.

  2. 50% bonus when you redeem points for travel on Ultimate Rewards: As we mentioned earlier, your points are worth 50% more when you redeem points for travel on the Ultimate Rewards travel portal. So your points are always going to be worth at least 1.5 cents each. This means that a $450 flight will only cost 30,000 points when you redeem through Chase Ultimate Rewards.

    You can book travel on Ultimate Rewards with any airline, for any dates. So you have complete flexibility and don't have to worry about seat restrictions or blackout dates.

  3. 3x points on travel and dining: You will earn 3X points on travel and dining at restaurants worldwide. This is a nice increase from the 2x points you earn on travel and dining with the Sapphire Preferred. All other purchases earn 1 point per dollar.

    We love that Chase has made this card rewarding for everyday use. A lot of other high-end travel cards focus on travel perks instead of earning points with purchases. With 3x points on travel and dining, you'll rack up points fast.

  4. $300 annual travel credit: Every year, you will get up to a $300 credit applied automatically to your statement as reimbursement for travel purchases charged to your card. This credit is eligible for any travel purchase (such as spending on flights, hotels, and trains). It's not locked into any particular airline. In comparison, the AMEX Platinum (from American Express, a CreditDonkey partner) requires you to designate a specific airline.

    This is huge news. As long as you can spend at least $300 in travel expenses a year, this card is worth considering. This effectively helps justify $300 out of the $450 annual fee.

  5. $100 TSA Pre or Global Entry: Every 4 years, you can choose to get a $100 application fee credit for either TSA Pre (expedite security screening) or Global Entry (expedite customs). You're automatically credited for 1 application per account. So if you don't need it, you can "gift" it to someone else.

    Our tip: between the two, we recommend Global Entry if you qualify. Global Entry is more expensive ($100 for 5-year membership vs. $85 for 5-year membership), but it includes TSA Pre. So you kill both birds with one stone (or both memberships with one application).

  6. Airport lounge access: The Sapphire Reserve includes airport lounge access via Priority Pass, the largest independent airport lounge access network. Membership gives you access to more than 1,000 airport lounges worldwide. Many of those lounges offering complimentary food, beverages, work space, and Wi-Fi. You'll need to enroll in advance.

    This is the equivalent of the Prestige membership, which costs $399/year. Actually, the coverage is even better than the Prestige, as you can bring guests into the lounge at no extra cost (while guests are $27 each with Prestige). Keep in mind though individual lounges may have their own guest rules.

  7. 1:1 points transfer: Points can be transferred to partner airline and hotel programs at a full 1:1 value and with no fees.

    Airline transfer partners include Southwest Airlines Rapid Rewards, United Airlines MileagePlus, British Airways Executive Club, Air France Flying Blue, Singapore KrisFlyer, Korean Air SkyPass, and Virgin Atlantic Flying Club. Hotel partners include Marriott Rewards, Hyatt Gold Passport, IHG Rewards Club, and Ritz Carlton Rewards.

    We find that transferring your points will often earn the best value and reward redemption rate.

  8. No foreign transaction fees: As with any good travel card, the Sapphire Reserve does not charge a foreign transaction fee for purchases made outside of the U.S.

    Chase Visa is also accepted almost everywhere worldwide. This feature really comes in handy if you travel a lot internationally.

    Note: Chase Sapphire Reserve uses Chip & Signature technology. This means that you still have to provide a signature any time you use your card. On the other hand, Chip & PIN cards require that you enter a pin number to complete the transaction. Some unmanned kiosks in Europe (such as in train stations and gas stations) only support Chip & PIN cards. Keep this in mind if you're planning to travel to Europe, as those kind of places may not support the Chase Sapphire Reserve.

  9. Luxury benefits

    • Visa Infinite Concierge: A lot of luxury card holders forget this is a service available to them, but it really could be a godsend. Visa Infinite Concierge can help with making reservations at busy or international restaurants, getting entertainment tickets, or planning a trip. The service is free, but you'll have to pay for anything you want to buy, of course.

    • Luxury Hotel & Resort Collection: With your Reserve card, you'll have access to many perks with the hotels in Chase's Luxury Hotel & Resort Collection. When you use your card to book an eligible stay at one of these properties, you and your guest will enjoy a complimentary breakfast, early check-in and late check-out, room upgrades, discounts, and extra gifts and amenities that vary by property.

    • Accelerated access to Elite Status with Relais & Châteaux: Relais & Châteaux offers luxury properties around the world, including locations throughout the U.S., South America, Europe, and Africa. When you book 2 nights (over the course of 12 months) with Relais & Châteaux, you'll be eligible for Club 5C status - giving you access to room upgrades, VIP welcomes, special events, and exclusive offers. Again, you'll need to book your stay with your Reserve card, through Visa Infinite Concierge.

    Note: Chase Sapphire Reserve does NOT give you complimentary hotel elite status, unlike the AMEX Platinum ($550 annual fee) which gives you SPG Gold and Hilton Honors Gold.

  10. $75 for authorized users: The Chase Sapphire Reserve will charge $75 per year for each authorized user. Authorized users get Priority Pass Select membership. They also get 3x points on travel and dining purchases, but don't benefit from their own Global Entry/TSA-Pre credit or the $300 travel credit.

Reasons to Skip It

We have to admit that we're kind of drooling over the Sapphire Reserve. But because we always aim to be fair, here are some reasons you might want to skip this card:

  1. The $450 annual fee: The fee is steep, but like we said, that $300 travel credit helps justify the expense. Add in the complimentary lounge access (via Priority Pass) and it's clear that the value of the card is justifiable to frequent travelers. If you don't spend enough annually on travel, you may want to consider the Chase Sapphire Preferred instead.

    Tip: But we understand that you may not be comfortable without some hard numbers, so here's the math:

    Assume you spend just $65/week on dining out and travel. At 3x points per dollar, that equals $3,380 in a year, or 10,140 points. This equals just over $150 when you redeem the points for travel through Chase Ultimate Rewards. Combined with the $300 annual travel credit, you'll see why the benefits justify the annual fee. Of course, you'll get even more rewards with any extra you spend.

  2. Strict approval process: Generally speaking, you will need excellent credit to qualify for this card.

    Keep in mind: Chase has stricter application rules for their credit cards in general. It has a 5/24 rule, where if you opened 5 new credit cards in the past 24 months, you might not be eligible, even if you have amazing credit.

Chase Sapphire Reserve Application

© CreditDonkey

To apply, visit Chase's website. Keep in mind some of these limitations. Don't wait until the last minute to apply if you have an upcoming travel purchase to make.

  • Credit score: This card is for those with excellent credit. Most Chase Sapphire Reserve cardholders have "excellent" scores over 720, with an average of around 750.

  • 5/24 rule: Chase has a rule that if you've opened 5 new credit card accounts in the past 24 months, your Chase credit card application will not be approved for a new card. This goes for new cards with any bank.

  • Sapphire rules: You cannot own more than one Sapphire-branded card. You're only eligible for the Reserve if you do not have another Sapphire Card AND have not received a bonus for a Sapphire card in the past 24 months. In other words, if you opened a Preferred card, got the sign-up bonus, and then closed it all within the past 24 months, you will not be eligible for the Reserve.

    If you have had a Sapphire Preferred card for over 2 years, you can cancel or downgrade it (like to a Freedom) first, and then wait 30 days to apply to the Sapphire Reserve. You'll be eligible to receive the sign-up bonus. If your Preferred is less than 2 years old, you can call to see if you can upgrade it to a Reserve, but you will not get the sign-up bonus.

Reserve Benefits

© CreditDonkey

The Chase Sapphire Reserve is loaded with many of the same travel protection and purchase protection benefits that Chase Sapphire Preferred users enjoy. This can potentially save you money on travel hiccups.

Travel Protection Benefits We Like:

  • Trip Cancellation/Trip Interruption Insurance: Do you need to cancel a trip because of sickness or severe weather? With trip cancellation/trip interruption insurance, you can be reimbursed for up to $10,000 per trip for your prepaid, non-refundable travel expenses, including airfare, tours and hotels.

  • Primary Auto Rental Collision Damage Waiver: If you rent a car, you can decline the rental company's collision insurance. Unlike many credit cards with secondary coverage, the Chase Sapphire Reserve offers primary coverage for auto rental collision damage waiver. The coverage provides reimbursement for up to $75,000 for theft and collision damage for most rental cars.

    You also get rental privileges with National, Avis, and Silvercar. Benefits may include discounts and upgrades.

  • Roadside Assistant: Ever had an emergency while driving? Chase's roadside assistance covers up to $50 per incident, up to 4 times a year. Available services include towing, jumpstarting, tire changes, locksmith services, or gas fill-ups.

  • Lost Luggage Reimbursement, Trip Delay Reimbursement, and Baggage Delay Insurance: If your flight is delayed by more than 6 hours or requires an overnight stay, you and your family are covered for unreimbursed expenses (such as meals and lodging) for up to $500 per ticket.

  • Emergency Medical Care: Sick on a trip? If you are at least 100 miles from home, you can get reimbursed for emergency medical care up to $2,500 for you or immediate family members. This includes coverage for emergency evacuation up to $100,000.

Purchase Protection Benefits We Like:

  • Price Protection: If an eligible purchase you made in the U.S. is advertised for less (in print or online) within 90 days, you can be reimbursed the difference for up to $500 per item, up to $2,500 per year.

  • Return Protection: You can be reimbursed for eligible items that the store won't take back within 90 days of purchase, up to $500 per item, $1,000 per year.

  • Extended Warranty Protection: This benefit extends the time period of the U.S. manufacturer's warranty by an additional year on eligible warranties of 3 years or less.

  • Purchase protection : For your new eligible purchases, you will be covered up to 120 days against damage or theft, up to $10,000 per claim and $50,000 per year.

Travel Credit

This is one of the biggest benefits of the card. Every year, you get up to a $300 travel credit for travel-related purchases. As soon as you make a travel purchase on your card, Chase will automatically credit it back to you on your statement, until you reach $300.

This is one of the most versatile and generous travel credits offered by premium credit cards. Other cards often require you designate a specific airline or only reimburse airline incidentals. The Reserve's annual credit is for any travel purchase, including flight tickets, hotels, trains, Uber rides, and car rentals.

If you can fully use up your $300 travel credit each year, this effectively helps justify a big portion of the $450 annual fee.

Lounge Access

Priority Pass Select membership gives you and a guest access to over 1,000 lounges in the Priority Pass Select network. That means you don't have to fly business or first class to enjoy the benefits of Priority Pass lounge access. But keep in mind, enrollment is not automatic. You have to request to activate this benefit on Chase's website once your card is approved. Do this early, as it will take time for Priority Pass to mail out your membership card.

Note: Unlike some other cards, Chase Sapphire Reserve does not grant complimentary access to certain popular airline lounge networks. If you're a frequent traveler of the below airlines, consider whether another card will be more beneficial to you.

Read more for the best credit cards with lounge access.

How It Compares

© CreditDonkey

Chase Sapphire Reserve vs. AMEX Platinum: The Chase Sapphire Reserve is a worthy contender against the Platinum Card from American Express (a CreditDonkey partner). Both are popular cards in the high-end travel card category.

While the Platinum offers more benefits, for some, the Reserve may offer better value for everyday use. It depends on how (and how often) you travel.

The AMEX Platinum shines with its Platinum Concierge Service, access to Centurion Lounges and Delta SkyClub lounges, premium Uber benefits, complimentary Boingo membership, complimentary SPG Gold status, and complimentary Hilton Honors Gold status. Added together, the value of these Platinum benefits make up for the steep $550 annual fee, for luxury travelers.

However, the Sapphire Reserve may be better for everyday use.

The Chase Sapphire Reserve has more flexible annual travel credit, and its 3x points on dining offers great value for those who don't travel as frequently. The AMEX Platinum offers only a $200 airline credit for incidentals with a selected airline of your choice, while the Sapphire Reserve's $300 credit can cover any travel purchase.

Remember, too, that American Express is not accepted everywhere, while Visa is accepted pretty much worldwide. Here is a side-by-side comparison:

 

Chase Sapphire Reserve®

The Platinum Card® from American Express

 
  • Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • Named a 'Best Travel Credit Card for 2017' by MONEY® Magazine
  • 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. Plus, no foreign transaction fees
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Up to $200 for Uber rides annually. Credit and Uber VIP status available to Basic Card Member only.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards® points on eligible hotels booked on amextravel.com.
  • As a Platinum Card Member, you can enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. That's up to $50 in statement credits semi-annually. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
 

Interest Rates and Fees

Purchase APR17.74% to 24.74% Variable based on your creditworthiness and other factorsN/A
Balance Transfers APR17.74% to 24.74% Variable based on your creditworthiness and other factorsN/A
Annual Fee$450 annual fee$550 annual fee
 

Benefits and Features

Airline RewardsAirline Rewards: 1:1 point transfer to leading airline and hotel loyalty programsAirline Rewards: 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
Point RewardsPoint Rewards: 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.Point Rewards: Earn 1 point for virtually every dollar spent.
Airline StatusAirline 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
Airline Status: $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline. Terms Apply.
Access to 5 airport lounge networks including The Centurion® lounge network, The International American Express lounges, Delta Sky Club® lounges, Priority Pass(TM) Select, and Airspace Lounge. Enrollment required for Priority Pass Select.
Airline Transfer PartnersAirline Transfer Partners: Airline transfer partners include United Airlines, Southwest Airlines, British Airways, Air France, Korean Air, Singapore Airlines, Virgin Atlantic, Iberia, and Aer Lingus.Airline Transfer Partners: Airline transfer partners include Delta, Hawaiian Airlines, Aeromexico, Air Canada, Air France, Emirates, Cathay Pacific (Asia Miles), Virgin Atlantic, Singapore Airlines, Etihad, Alitalia, All Nippon Airways and more.
 Apply NowApply Now

Chase Sapphire Reserve vs Citi Prestige:

The Citi Prestige is another popular luxury travel reward card. You get 3x points on airfare and hotels, and 2x points on dining and entertainment. So this may be a better card if you spend a lot on entertainment, like going to the movies or concerts. Otherwise, the Sapphire Reserve's 3x on dining may let you earn more points.

Both cards have similar benefits, including complimentary Priority Pass Select membership and credit for Global Entry application. Citi Prestige offers an annual credit of $250 for air travel purchases, such as airline tickets, upgrades, and baggage fees. This is not as flexible as Sapphire Reserve's $300 credit for any travel purchase.

However, one other major advantage is that you get a complimentary night for a 4-night stay at any hotel (when booked through the ThankYou Travel Center or Citi Prestige concierge). If you use this perk, it can add up to quite a bit of savings.

Another thing to consider is the airline partners of both cards. Chase is partnered with United and Southwest, while Citi's only domestic carrier is JetBlue.

 

Chase Sapphire Reserve

Citi Prestige

 

Interest Rates and Fees

Purchase APR17.74% to 24.74% Variable based on your creditworthiness and other factors17.49% to 25.49%* (Variable) based on your creditworthiness and other factors
Balance Transfers APR17.74% to 24.74% Variable based on your creditworthiness and other factors17.49% to 25.49%* (Variable) based on your creditworthiness and other factors
Annual Fee$450 annual fee$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 $750 toward airfare, hotels, car rentals and cruises when you redeem through Chase Ultimate Rewards® 
TravelTravel Rewards: 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
1:1 point transfer to leading airline and hotel loyalty programs
 
AirlineAirline Rewards: 1:1 point transfer to leading airline and hotel loyalty programsAirline Rewards: Earn 3x points on air travel
HotelHotel Rewards: 1:1 point transfer to leading airline and hotel loyalty programsHotel Rewards: Earn 3x points on hotels
PointsPoint Rewards: 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.Point Rewards: Earn 1x points on other purchases
Airline StatusAirline 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
Airline Status: $250 Air Travel Credit each year for flight-related expenses such as airline tickets, baggage fees and upgrades.
Complimentary Priority Pass™ Select membership.
Receive a statement credit as reimbursement for your Global Entry or TSA Pre application fee (up to $100 every 5 years).
Hotel Status Hotel Status: Complimentary 4th night stay on minimum 4-consecutive night hotel stay booked through ThankYou.com or Citi Prestige Concierge.
RestaurantDining Rewards: 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.Dining Rewards: Earn 2 ThankYou Points per dollar spent on purchases for dining at restaurants and entertainment
Airline Transfer PartnersAirline Transfer Partners: Airline transfer partners include United Airlines, Southwest Airlines, British Airways, Air France, Korean Air, Singapore Airlines, Virgin Atlantic, Iberia, and Aer Lingus.Airline Transfer Partners: Airline transfer partners include Asia Miles, EVA Air (Star Alliance), Etihad Guest, Flying Blue, Garuda Indonesia (SkyTeam), Malaysia Airlines (Oneworld), Qantas, Qatar Airways (Oneworld), Singapore Airlines (Star Alliance), Thai Airways (Star Alliance), and Virgin Atlantic.

Citi Prestige: Pricing information including interest rates, rewards, benefits and fees was obtained on June 19, 2018 from published websites and is believed to be accurate, but not guaranteed.

Disclaimer: The information for the Citi Prestige® Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

Chase Sapphire Reserve vs Preferred: The Preferred has long been a favorite of travelers for its flexibility of use and good rewards rate. Compared to the Reserved, it's like a baby version, with a way smaller annual fee of $95 ($0 Intro Annual Fee for the First Year).

However, that smaller annual fee also gets you smaller rewards.

The Sapphire Preferred offers 2x points on travel and dining, compared to the Reserve's 3x points on travel and dining. Both cards offer 1x points on all other purchases. You can use those points to book travel through Chase Ultimate Rewards at a 20% discount, or transfer points at a 1:1 rate to a partner travel program. Unlike the Reserve, the Preferred does not offer any ultra-premium perks such as lounge access, annual travel credit, or TSA Pre/Global Entry credit.

Here is a side-by-side comparison of the Sapphire Reserve and Preferred:

 Chase Sapphire ReserveChase Sapphire Preferred Card
 Apply NowApply Now
 

Chase Sapphire Reserve®

Chase Sapphire Preferred® Card

 

Interest Rates and Fees

Purchase APR17.74% to 24.74% Variable based on your creditworthiness and other factors17.74% to 24.74% Variable based on your creditworthiness and other factors
Balance Transfers APR17.74% to 24.74% Variable based on your creditworthiness and other factors17.74% to 24.74% Variable based on your creditworthiness and other factors
Annual Fee$450 annual fee$0 Intro Annual Fee for the First Year, then $95
 

Benefits and Features

Introductory Bonus Reward PointsIntroductory 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®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 $625 toward travel when you redeem through Chase Ultimate Rewards®
Airline RewardsAirline Rewards: 1:1 point transfer to leading airline and hotel loyalty programsAirline Rewards: 1:1 point transfer to leading airline and hotel loyalty programs
Point RewardsPoint Rewards: 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.Point Rewards: 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide
Airline StatusAirline 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
 
 Apply NowApply Now

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

In our opinion, the Chase Sapphire Preferred is a great stepping-stone for people not yet ready to commit to a $450 annual fee. If you travel only occasionally, the Chase Sapphire Preferred is easier to justify. Read our in-depth Chase Sapphire Preferred vs Reserve article to learn 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®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 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 travel 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
17.74% - 24.74% Variable
$0 Intro for the First Year, then $95

Frequently Asked Questions

  • How much is each Sapphire Reserve point worth?
    This depends on how you redeem them. If you purchase travel through the Chase Ultimate Rewards travel portal, each point is worth 1.5 cents. Since you get 3x points on travel & dining purchases, this means that each of your dollars spent on travel and dining can be redeemed for as much as 4.5 cents if you redeem them for travel through Chase Ultimate Rewards. You can make each point worth even more by transferring your points to airline and hotel partners.

    Redeeming for statement credit or direct deposit makes each point worth only 1 cent.

  • What airline and hotel partners can you use with Chase Sapphire Reserve?
    Here are the current Chase Sapphire Reserve airline transfer partners:

    Hotel partners are:

  • What counts as travel to use the $300 annual credit?
    Chase considers the following as travel: airlines, hotels, motels, timeshares, rideshares (such as Uber), car rentals, cruises, travel agencies, discount travel sites, campgrounds, trains, buses, taxis, limos, ferries, highway & bridge tolls, and parking lots and garages. Though not specifically stated, community-powered services, such as Uber and Airbnb, count as travel too.

    Things NOT considered travel include: real estate agents, in-flight services, on-board cruise services, sightseeing activities & tourist attractions, excursions, and merchants within hotels and airports.

  • How does this credit work?
    It's automatically credited to your statement after a travel purchase. If you make a lot of small purchases, you'll get credited back until you reach $300. If you make a large travel purchase, you'll be credited up to $300 of it.

    This credit resets on each anniversary year (for applications submitted on or after May 21, 2017), and leftover amounts are NOT rolled over.

  • Can the $300 travel credit count as part of the minimum spend?
    Yes. You can purchase travel items as part of your minimum spend period, and get the $300 annual credit reimbursement. You do not need to spend another $300 to meet the $4,000 requirement.

  • Is it worth it to add authorized users?
    It depends on how frequently your authorized user flies, and whether you need help meeting the spending minimum or earning points. If your authorized user flies frequently, they can make up for the $75 fee by taking advantage of the Priority Pass Select lounge access. Authorized users earn 3x points on travel and dining, so having one will help you meet the minimum spend easier and rack up points faster. Chase also lets you transfer points to your authorized user's hotel or airline loyalty programs, so you can gift them points if they need a little bit of help to get a free night or flight.

  • Does the authorized signer have access to the Global Entry Credit?
    No, however, all authorized users do get access to the card purchase protection.

  • Can I transfer or pool the points with other cards?
    Yep. The Sapphire Reserve is part of the Ultimate Rewards family of cards. So you can pool your points with any of the following cards: Sapphire Preferred, Freedom, Freedom Unlimited, Ink Business Cash, and Ink Business Preferred.

    You can also transfer your points to Ultimate Rewards cards belonging to anyone in your household, as long as they share the same address. Head over to our review of Ultimate Rewards for more info regarding earning, pooling, and redeeming your points, along with step-by-step guides on making a transfer.

5 Reasons to Keep the Sapphire Reserve Past the First Year

  1. You spend at least $300 on travel a year: This keeps coming up, but we cannot stress enough the leniency of this huge perk of the card. Unlike many other cards, practical traveling purchases such as taxis, subways, tolls, parking, hotel, and airfare count towards the credit.

  2. You own other Chase cards to pool points: If you own a Freedom, Freedom Unlimited, Ink Cash, and Ink Preferred, you can maximize your savings when you use those cards and transfer those points to the Reserve. For example, with the Freedom card you earn 5 points per dollar up to $1,500 in combined purchases in bonus categories each quarter. So use the Freedom whenever it allows you to earn extra points and the Reserve on travel and dining purchases to maximize the savings.

  3. The Flexibility of Ultimate Rewards: In addition to pooling your points, the Reserve has a generous list of transfer partners allowing you to move your points over at a 1:1 ratio.

    Or you can redeem the points for travel on Chase travel portal at 1.5 cents per point value.

  4. International Travel: The no foreign transaction fees is a nice touch, but when you add the $100 Global Entry application fee statement credit, that is the icing on the cake.

  5. Lounge Access: The Priority Pass lounge membership with the Reserve allows members of your travel party to access the lounge (lounge permitting) with you, this is a huge bonus when traveling with family (which would normally be $27 each). Of course you don't need lounge access, but if you have a long layover or delay they can be invaluable and even save you money because of the Internet, food, and drinks that you would end up paying at a terminal anyhow.

Bottom Line

© CreditDonkey

Is a $450 annual fee credit card worth applying for? It depends on your lifestyle. While the annual fee is steep, the rewards offered by this card are excellent, from the sign-up bonus to the impressive reward rate and a wide array of travel perks. If you're a frequent or luxury traveler, the Chase Sapphire Reserve is a worthwhile card to consider.

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 October 30, 2016. This content may have been updated on February 22, 2018. 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.

Editorial Note: 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 any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Chase Freedom, Ink Business Cash Credit Card, Citi Prestige® Card, and Citi® / AAdvantage® Executive World Elite™ Mastercard® 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 Reserve
Apply for Chase Sapphire Reserve
At Chase's Secure Site
  • Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • Named a 'Best Travel Credit Card for 2017' by MONEY® Magazine
  • 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. Plus, no foreign transaction fees
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.74% - 24.74% Variable
$450

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