CreditDonkey is a credit card comparison and reviews website. This website is made possible through financial relationships with card issuers and some of the products and services mentioned on this site. Advertiser Disclosure†








Updated October 5, 2019

Chase Sapphire Reserve Review: Is $450 Worth It?

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.
This article contains references to products from our partners. We receive compensation if you apply or shop through links in our content. You help support CreditDonkey by reading our website and using our links. (read more)

With excellent rewards and premium travel benefits, the Chase Sapphire Reserve is meant for frequent travelers. Read on to decide if the $450 annual fee is worth it for you.

Chase Sapphire Reserve
Apply Now

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:

BOTTOM LINE:
If you travel frequently, the Chase Sapphire Reserve is worth it. The numerous premium benefits (such as $300 annual travel credit and airport lounge access) can easily offset the annual fee, even for small spenders. The reward rate is excellent and redemption value is strong.

What is the Best Chase Credit Card Promotion for 2019?

ForCredit Card
TravelChase Sapphire Reserve
Small BusinessInk Business Preferred
Cash BackChase Freedom Unlimited

Who This Card is Good For

  • Frequent travelers. You get a $300 annual travel credit and 3x points on travel (after earning your $300 travel credit). Your points can be redeemed for travel on the Chase travel portal at 50% more value or be transferred to Chase airline and hotel partners at a 1:1 ratio.

    Counterpoint: If you're a casual traveler but still want to accumulate points for a vacation, consider the Chase Sapphire Preferred instead. It has a $95 annual fee.

  • 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 airport lounge access and application fee credit for Global Entry. Both are useful perks if you often travel abroad.

    Chase Visa is also accepted worldwide, so you can use it just about anywhere.

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.

Pros & Cons

PROS:

  • Large welcome bonus
  • Bonus points on travel & dining
  • High redemption value
  • Annual travel credit can be used for any travel purchase
  • Premium travel perks, such as airport lounge access
  • Excellent travel & car rental protections
  • No foreign transaction fee
  • Cool luxurious metal card

CONS:

Sign-up Bonus (At Least $750 Value)

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 worth $750 in value.

If you transfer points to airline partners, 50,000 points can be worth even more. For example, 50,000 points can be traded in for 2 round-trip flights from Los Angeles to Hawaii.

Chase Sapphire Preferred offers the same sign-up bonus. However, your points are only worth 1.25 cents each when redeemed through Ultimate Rewards (making it only $625 in value).

Earning Points

The Sapphire Reserve earns:

  • 3x points on travel (after earning your $300 travel credit)
  • 3x points on dining at restaurants worldwide
  • 1x point on all other purchases

Your 3x points on travel will start immediately after you've earned your $300 annual travel credit. You will not earn points for the first $300 spent on travel purchases each cardmember year.

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.

Chase also has a very broad definition of travel that includes:

  • Airlines
  • Hotels, motels, and homestays (like Airbnb)
  • Timeshares
  • Campgrounds
  • Car rentals and rideshares (like Uber and Lyft)
  • Cruise lines
  • Travel agencies and discount travel sites
  • Trains, buses, limos, and ferries
  • Tolls, bridges, and highways
  • Parking lots and garages

Redeeming Points

You get extra value when you redeem your points for travel purchases.

1. Get 50% bonus on the Chase travel portal:
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. You have complete flexibility and don't have to worry about seat restrictions or blackout dates.

2. Transfer points 1:1 to airline and hotel partners:
Points can be transferred to partner airline and hotel programs at a full 1:1 value and with no fees. This will often earn the best value and reward redemption rate.

Airline transfer partners include:

  • Southwest Airlines
  • United Airlines
  • JetBlue
  • British Airways
  • Air France
  • Singapore Airlines
  • Emirates
  • Aer Lingus
  • Iberia Airlines
  • Virgin Atlantic

Hotel partners include:

  • Marriott Bonvoy
  • World of Hyatt
  • IHG Rewards Club

See our detailed guide on the best ways to use Chase's transfer partners.

Premium Travel Benefits

© CreditDonkey

Chase Sapphire Reserve may not have as many perks as the AMEX Platinum (from American Express, a CreditDonkey partner), but in our opinion, it offers a better balance of earning/redeeming value and practical benefits.

Let's go over the perks:

$300 Annual 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 on your statement, until you reach $300.

This credit is eligible for any travel purchase (such as flights, hotels, trains, and even Uber). This is one of the most versatile and generous travel credits offered by premium credit cards. Other cards often have limitations.

In comparison, the AMEX Platinum (from American Express, a CreditDonkey partner) annual airline fee credit requires you to designate a specific airline and only reimburses incidentals.

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

Airport Lounge Access

© CreditDonkey

The Sapphire Reserve gives you complimentary Priority Pass Select membership. This gives you access to more than 1,000 airport lounges worldwide. You can even bring in 2 guests at no extra cost.

Generally lounges offer complimentary food, beverages, work space, and Wi-Fi. So you can also think of it as saving money on expensive airport food and drinks.

Lounges usually cost $50 per entrance, so if you travel at least 2-3 times a year, this perk will more than justify the remaining annual fee (after the $300 travel credit is deducted).

Enrollment is not automatic. You'll need to activate your membership once you open your Reserve account. Learn more here.

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.

$100 TSA Pre or Global Entry Credit

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 reimbursed when you apply to one of the programs with your Reserve card.

You're 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.

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 requests such as:

  • Making reservations at busy or international restaurants
  • Getting entertainment and sporting tickets
  • Making travel arrangements

The service is free, but you'll have to pay for anything you want to buy, of course.

Luxury Hotel Perks

The Reserve's hotel perks won't be useful for everyone. But it's a nice bonus if you enjoy splurging on luxury hotels.

  • Luxury Hotel & Resort Collection:
    Get perks when you book an eligible stay with the Chase's Luxury Hotel & Resort Collection. Enjoy perks such as complimentary breakfast, early check-in and late check-out, room upgrades, discounts, and extra gifts and amenities. Varies by property.

  • Accelerated access to Elite Status with Relais & Châteaux:
    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.

    Relais & Châteaux offers luxury properties around the world, including locations throughout the U.S., South America, Europe, and Africa. 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 which gives you Marriott Bonvoy Gold and Hilton Honors Gold status.

Authorized User Benefits

The Chase Sapphire Reserve will charge $75 per year for each authorized user. Some benefits include:

  • Get their own Priority Pass lounge access. They can also bring in 2 guests for free. If your authorized user travels a lot, it's GREAT value to get this just for $75/year.

  • They also earn 3x points on travel and dining. All their points go into your account.

  • You can transfer points to your authorized user's hotel or airline loyalty programs.

Note that authorized users do not get their own Global Entry/TSA-Pre credit or the $300 travel 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 (with any bank) in the past 24 months, your Chase credit card application will not be approved for a new card, even if you have amazing credit.

  • 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 48 months. In other words, if you opened a Preferred card, got the sign-up bonus, and then closed it all within the past 48 months, you will not be eligible for the Reserve.

    If you have had a Sapphire Preferred card for over 4 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 4 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 Travel & Purchase Protections

© 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:

  • 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 person and $20,000 per trip for your prepaid, non-refundable travel expenses, including airfare, tours and hotels.

  • Primary Auto Rental Collision Damage Waiver: Get primary coverage when you rent a car and decline the rental company's collision insurance. The coverage provides reimbursement for up to $75,000 for theft and collision damage for most rental cars. Learn about this benefit in detail.

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

  • Roadside Assistance: 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.

  • Trip Delay Reimbursement: 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.

  • Lost Luggage Reimbursement: If your carry-on or checked luggage is damaged or lost by your carrier, you can be reimbursed up to $3,000 per person (up to $500 per person for jewelry, watches, and electronics).

  • 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:

  • 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.

See the full list of Chase Sapphire Reserve benefits.

Is the Sapphire Reserve Worth It After The First Year?

© CreditDonkey

After you've already collected your welcome bonus, is the Reserve still worth the $450 annual fee past the 1st year?

In our opinion, it's definitely still worth it for frequent travelers. Just using the $300 annual travel credit and airport lounges a few times a year will more than make up the annual fee.

From a purely earning and redeeming standpoint - at what point does the Sapphire Reserve become better value than the Preferred?

We've calculated that you need to spend roughly $3,500 a year in travel and dining to come out ahead with the Reserve. This equals to $292 per month. You'll get more rewards with the Reserve, despite the larger annual fee.

Here's the math breakdown:

The Sapphire Preferred has an annual fee of $95. After the $300 travel credit, the Reserve's annual fee effectively becomes $150, which is only $55 more than the Preferred. However, remember that you don't earn points on the first $300 in travel.

Sapphire Preferred:
$3,500 on travel & dining x 2 = 7,000 points
7,000 points x 1.25 value = $87.5 on Chase Ultimate Rewards

Sapphire Reserve:
$3,500 - $300 (you don't earn points on) = $3,200
$3,200 on travel & dining x 3 = 9,600 points
9,600 points x 1.5 value = $144 on Chase Ultimate Rewards

$144 - $87.5 = $56.5 (which is more than the difference in annual fee)

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 Marriott Bonvoy Gold status, and complimentary Hilton Honors Gold status. Added together, the value of these Platinum benefits make up for the steep $550 annual fee (See Rates & Fees), 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 50,000 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®
  • Named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 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.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
  • 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®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
 

Interest Rates and Fees

Purchase APR18.74% to 25.74% Variable based on your creditworthiness and other factorsN/A
Balance Transfers APR18.74% to 25.74% 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 immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 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: Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air France, Singapore Airlines, Virgin Atlantic, Iberia, Emirates, 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.

Both cards feature travel benefits, including complimentary Priority Pass Select membership.

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). 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, Southwest, and JetBlue. But Citi's only domestic carrier is JetBlue.

 

Chase Sapphire Reserve

Citi Prestige

 

Interest Rates and Fees

Purchase APR18.74% to 25.74% Variable based on your creditworthiness and other factors18.74% to 25.74%* (Variable) based on your creditworthiness and other factors
Balance Transfers APR18.74% to 25.74% Variable based on your creditworthiness and other factorsSee Issuer's Website
Annual Fee$450 annual fee$495 annual fee
 

Benefits and Features

Bonus DealIntroductory Bonus Offer: Earn 50,000 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®Introductory Bonus Offer: Earn 50,000 bonus points after spending $4,000 within 3 months of account opening.
TravelTravel Rewards: 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
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 5x 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 immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 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 Travel Credit each calendar year for eligible travel purchases
Complimentary Priority Pass™ Select membership.
Hotel Status Hotel Status: Complimentary 4th Night at a hotel of your choice after a minimum 4 consecutive night booking through ThankYou.com. Note: Beginning 9/1/2019, this benefit will be capped at 2 times, each year.
RestaurantDining Rewards: 3X points on dining at restaurantsDining Rewards: Earn 5x points at restaurants
Airline Transfer PartnersAirline Transfer Partners: Chase airline transfer partners include United Airlines, Southwest Airlines, JetBlue, British Airways, Air France, Singapore Airlines, Virgin Atlantic, Iberia, Emirates, 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 September 25, 2019 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.

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

The Preferred only gives 2x points on travel and dining. The points are worth 1.25x more value when used to book travel through Chase Ultimate Rewards (as opposed to the Reserve's 1.5x value). They can also be transferred 1:1 to partner travel programs. 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 APR18.74% to 25.74% Variable based on your creditworthiness and other factors17.74% to 24.74% Variable based on your creditworthiness and other factors
Balance Transfers APR18.74% to 25.74% 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$95 annual fee
 

Benefits and Features

Introductory Bonus OfferIntroductory Bonus Offer: Earn 50,000 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®Introductory Bonus Offer: Earn 60,000 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®
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 immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 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 60,000 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®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.74% - 24.74% Variable
$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 (immediately after earning your $300 travel credit) & 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. 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.

Bottom Line

© CreditDonkey

Is a $450 annual fee credit card worth applying for? If you're a frequent traveler - especially internationally - then yes. While the annual fee is steep, the rewards are excellent, from the sign-up bonus to the impressive reward rate and a wide array of travel perks. It's easy to justify the annual fee as long as you spend at least $300 in travel per year and use airport lounges a few times.

If you don't spend enough annually on travel, you may want to consider the Chase Sapphire Preferred instead.

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 October 5, 2019. 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.

For rates and fees of the American Express Platinum card, please click here.

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.

More from CreditDonkey:


Chase Sapphire Preferred Review


Redeem Chase Ultimate Rewards


Chase Ultimate Rewards Review

More Articles in Reviews


Chase Sapphire Reserve
Apply for Chase Sapphire Reserve
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 $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 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
18.74% - 25.74% Variable
$450

Compare Chase Sapphire Reserve to:

Compare Chase Sapphire Reserve vs Chase Sapphire Preferred

Chase Sapphire Preferred® Card

Compare Chase Sapphire Reserve vs American Express Platinum

The Platinum Card® from American Express

Compare Chase Sapphire Reserve vs American Express Gold

American Express® Gold Card


Chase Sapphire Preferred Rental Car Insurance

Chase Sapphire Preferred offers primary coverage for rental cars. Learn what this covers, how to use it, and how to file a claim.

    Beginner's Guide to Airline Miles and Points

    New to airline miles? Learn how it works and how to earn a ton of miles fast through credit cards. Before long, you'll be redeeming miles for free flights and hotel rooms.

    Study: Credit Cards for International Travel

    The best credit cards for international travel have no foreign transaction fees, chip technology and worldwide acceptance. But what's the right travel card for you?

    Airline Rewards

    The best airline credit card racks up miles fast with reasonable fees and amazing rewards.

    Credit Card Bonus Offers

    Looking for a new credit card? Earn extra cash, reward points, and airline miles with these bonus offers for new customers.

    No Foreign Transaction Fee Credit Cards

    Most credit cards tack on a 3% charge, or foreign transaction fee, on purchases made outside the United States. If you travel internationally with a no foreign transaction fee credit card, you'll save money on your purchases.
    The Centurion Lounge

    Credit Cards with Airport Lounge Access

    No one likes waiting for their flight to board. Uncomfortable chairs, crowded terminals, overpriced dining options, dying phone with no outlet for charging... you get the point.

    Priceline Flights: What You Need to Know

    Is Priceline good for flights? You could save a lot with their express deals. Read our review to find out if this app is reliable (or not).

    JetBlue Baggage Fees

    JetBlue offers straightforward pricing and baggage policies. Here's what you need to know for your next trip.

    Hotwire: What You Need to Know

    Hotwire is the best site for discounts on hotels, flights, and car rentals. Read this to learn how to save money on your next trip.

    American Airlines Baggage Fees

    Planning travel with American Airlines? Learn the luggage fees before you take off to avoid unpleasant surprises. We breakdown how much you'll pay and the best ways to save.

    How Much Are Airline Miles Worth

    You use airline miles to purchase flights and other travel perks. But what are they really worth? Read on for the answer, plus the best way to use airline miles on your next trip.

    Chase Refer a Friend: How Referrals Work

    Earn Chase points fast by referring your friends and family members. You can earn up to 100,000 extra points with little work. Read on.

    Chase Sapphire Travel Insurance Benefits Review

    Is travel insurance on the Chase Sapphire cards good enough? Here's what's covered and how it compares to other policies.

    Chase 5/24 Rule: What You Need to Know

    Applying for a new Chase card? Not so fast. The 5/24 rule can make you ineligible. Learn what the Chase 5/24 rule is and which credit cards are impacted.

    Best Chase Ultimate Rewards Transfer Partners

    Find the best way to use each Chase transfer partner. Read this to maximize the value of your Ultimate Rewards points.

    Which Chase Sapphire Has No Foreign Transaction Fee?

    Chase Sapphire Preferred and Reserve are great for travel as they both have no foreign transaction fees. But there are some differences you need to know. Read on before you take off.

    Southwest Airlines Early Bird Check-In Worth It?

    Unlike other airlines, Southwest uses a first-come, first-serve basis for getting a seat. That means Southwest passengers can't choose their seat ahead of time.

    Southwest Baggage Fees

    Southwest prides itself on providing customers lots of extras without the extra costs. Here's what you need to know for your next flight on Southwest.

    United Baggage Fees

    It's hard to keep up with all the changes around baggage fees. Here's all you need to know about United's baggage fees.

    Alaska Airlines Baggage Fees

    Like most major airlines, Alaska Airlines charges for checked bags - here's what you need to know before you fly.
More Articles in Reviews

Learn more about Travel, Airline and Hotel cards:

Credit Cards for International Travel


Airline Miles for Beginners


Hotel











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

†Advertiser Disclosure: Many of the card offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.