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chase

Chase Sapphire Reserve®

Credit needed
Excellent
APR
16.99% to 23.99%
Annual Fee
$550

Card Summary

Chase Sapphire Reserve, a premium travel card that offers a flexible rewards program as well as elite travel perks. You can redeem your points for bonus travel rewards and dining.
The card offers a large sign-up bonus that will give you a jump on your rewards journey.

You also have access to a number of perks such as an annual travel credit and an expedited airport security credit. The annual cost of Chase Sapphire Reserve is high, but frequent travelers may be eligible for travel rewards.

You can get auto rental coverage of up to $75,000. This card can provide auto rental coverage up to $75,000.

Chase Sapphire Reserve may not be for you. A high annual fee may be a problem if you don't travel often, make few credit card purchases, or have a balance on your cards.

Review of the Chase Sapphire Reserve Card: The card may be suitable for frequent travelers who want to simplify their lives. You might be able to get discounts and travel credits that will make up for the high annual fees.

The pros: After spending $4,000 in your first 3 months of account opening, you earn 50,000 points worth $750 in travel reward points. Get bonus points on Lyft and dining purchases.

Chase Ultimate Rewards cardholders can earn 50% bonus points when they redeem Chase Ultimate Rewards points to travel. Transfers of points from travel partners to permit holders provides several premium travel perks.

You can combine your points from Chase cards without annual fees to get additional rewards

Card Summary - Cons

Carry an APR that is above average.

There is no introductory APR for purchases and balance transfers.

Annual fee of $550.

This is a great place to be: Frequent travelers Individuals who are looking for a substantial sign-up bonus.

Big spenders it's not great for: For the infrequent traveler Balance carriers Minimal spenders

Rates and fees

Issuer Name
Chase
Penalty APR
Maximum 29.99%
Credit Needed
Excellent
Balance Transfer Fee
The transfer amount must be either $5 or 5%, depending on which is higher.
Annual Fee
$550
Cash Advance Fee
You can choose to pay $10 or 5% depending on the transaction amount.
APR
16.99% to 23.99%
Foreign Transaction Fee
$0

Highlights

After you have spent $4,000 in your first three months of account opening, you will earn 50,000 bonus point. Chase Ultimate Rewards will give you $750 towards travel as a reimbursement for any travel expenses that are charged to your account each year, you can get $300 annually as a travel credit.

Chase Ultimate Rewards, immediately after your first $300 in travel purchase, will give you 5x points for air travel and 10x points on hotel and car rental bookings.
Get 3x points for dining and travel, 1 point for every $1 you spend on any other purchase.

Chase Ultimate Rewards offers 50% off when you use your Chase Ultimate Rewards points to redeem for travel.

Example: 50,000 points can be used to get $750 towards travel. You can redeem your Pay Yourself Back points for statement credit against purchases made in selected, rotating categories with the current offer of 50% off 1 point per transfer to top airline or hotel loyalty programs. After a simple enrollment in Priority Pass (tm), Select, and up to $100 credit for Global Entry/ TSA pre-check, you will have access to over 1,300 airport lounges around the world. Count on trip cancellation/ interruption insurance, auto rental collision damage waiver, lost luggage insurance and more.

Comparative Analysis with Other Cards

What is the Chase Sapphire Reserve(r), and how does it compare with other credit cards?

Chase Sapphire Reserve and Chase Sapphire Preferred:

Which one is better?

Chase Sapphire Reserve vs. American Express Platinum Card:

Which one is the best?

Citi Prestige Credit Card vs. Chase Sapphire Reserve

Chase Sapphire Reserve and Chase Sapphire Preferred Card.

Chase Sapphire Reserve is the best option for travelers who plan to travel a lot. It offers more benefits, such as higher bonuses on travel and better perks on the road. The Chase Sapphire Preferred Card offers decent travel benefits and allows you to choose where your points can be spent. It may be more appealing if you live closer to the card's annual cost.

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Chase Sapphire Reserve vs. American Express Platinum Card

It all comes down to your preference for luxury or more reward points. Chase Sapphire Reserve offers rewards for travel and groceries that American Express' Platinum Card does not, but the card comes with luxurious travel benefits like concierge and elite hotel status.

Chase Sapphire Reserve vs. Citi Prestige Credit Card while these cards are comparable in terms of APR and sign up bonuses, Chase Sapphire Reserve is the clear winner when it comes rewards flexibility. Citi Prestige Credit Card offers are slightly less expensive due to its balance and yearly transfer fees. However, Chase Sapphire Reserve provides a wider range of benefits.

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Although the Citi Prestige credit card's fees are not cheap for many users, the card offers some unique features like cellphone protection and identity theft support.

Chase Sapphire Reserve: How to earn rewards Annual rewards value approximately $514.

Sign up bonus: $750 1st-year reward value. After earning your $300 travel credit from Chase Sapphire Reserve, Chase Sapphire Reserve gives you three points per $1 on travel. You also get 10 Lyft points per $2 (valid until March 2022), and three points for dining. Other purchases earn 1 point per $1.

Although the base rate may seem very low, it can still provide a great deal of value depending on how you redeem rewards. The card's most valuable feature is its travel benefits.

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However, if you aren't traveling often it will make it difficult to earn enough rewards every year to cover the annual fee.

What Can You Make?

According to the U.S. Bureau of Labor Statistics' average spending data, Chase Sapphire Reserve cardholders are eligible for an annual 34,270 point bonus. This is worth $514 if you book travel through Chase Ultimate Rewards or possibly even more when you use the cards transfer partners.

Conclusion

Do You Need a Chase Sapphire Reserve Card to Get It?

If you are: Annually, the card can be used to earn more than $550. Only redeem rewards for travel bookings Do not plan on carrying a balance. You can take advantage of travel perks like trip protections, no foreign transaction fees and premium travel perks.

Questions about Chase Sapphire Reserve:

Chase Sapphire Reserve is a credit card that's good for you?

Chase Sapphire Reserve charges a $550 annually fee. This is higher than the average. It has an annual total value of $514 when used for travel, and a $300 travel credit. Cardholders that can benefit from these benefits will find the card worth their while.

What is the value of a point for this card's credit card?

The point values of points vary according to how they are redeemed.

Which credit score is required to get Chase Sapphire Reserve?

To be eligible for Chase Sapphire Reserve, prospective cardholders must have excellent credit scores. To qualify, you must have at least 781 Vantage Score.

Is it possible to upgrade your Chase Sapphire Preferred Card into the Chase Sapphire Reserve?

It is possible to convert your Chase Sapphire Preferred Card into a Chase Sapphire Reserve Card. For more information, contact Chase Customer Service to inquire about an upgrade.

Does Chase Sapphire Reserve get you into airport lounges?

Priority Pass Select is available for Chase Sapphire Reserve cardholders and provides access to over 1,000 airport lounges.

Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.

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