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Chase Sapphire Reserve®

Requires sign in
Rewards Rate
3x points on travel and dining, 1x points on all other purchases
Welcome Offer
60,000 points after spending $4,000 in the first 3 months
Typical Credit Score
Excellent
Chase Sapphire Reserve®
Chase Sapphire Reserve®
Details
  • Click APPLY NOW to securely apply online.
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 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. Through December 31, 2021, gas station & grocery store purchases will also count towards earning your Travel Credit

  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases

  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $900 toward travel

  • With Pay Yourself Back℠, your points are worth 50% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories

  • 1:1 point transfer to leading airline and hotel loyalty programs

  • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit for Global Entry or TSA Pre✓®

  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more

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Chase Sapphire Reserve Review

Who is the Chase Sapphire Reserve card for?

The Chase Sapphire Reserve checks all the right boxes for a premium rewards travel card. There are few cards that rival the lucrative rewards rate and even fewer that offer the flexibility to redeem your points. This metal card offers an exciting design that gives an exclusive feeling to your spending. In short, we recommend this to those who will use it as a primary credit card for everyday purchases and want to improve their travel experience.

The Chase Sapphire Reserve card is a travel rewards credit card that makes most sense for restaurant goers and frequent travelers -- where you’ll rack up 3x points on purchases. A key differentiator of this card is how generous the earning categories are. For example, travel spending extends beyond standard flight and car rental purchases to include everyday expenses like Uber & Lyft ridesharing, metro public transport, and commuting tolls. Similarly, earning 3x points on restaurants (and over $300 food delivery credits) means you want the Chase Sapphire Reserve to be your go-to card in your wallet.

As the premium offering from Chase, this is the card for those who want to earn maximum points to get free luxury resort vacations, exclusive dining experiences, premium hotel nights, and more.

Rewards Rate

There are few cards with better rewards rates than this card. Cardholders earn 3x points on travel after consuming your $300 travel credit, 3x points on dining at restaurants, and 1x points on everything else with no cap on the total amount of points you can earn.

A key to this card is using the $300 travel credit as soon as possible so you start earning 3x points on travel purchases. We recommend booking a flight as soon as you open this card so you can start earning travel points on your everyday purchases, like ridesharing. If you don’t have a set trip in mind, you may consider booking a refundable ticket so you can start earning points without risk of changing travel plans. Make sure you book this flight in the Chase Ultimate Rewards portal for additional points.Like all Chase cards, The Chase Sapphire Reserve offers access to the Chase Ultimate Rewards portal where you earn 50% more value when redeeming points for hotels, airfare, and car rentals. We highly advise cardholders to take advantage of this because you essentially get to leverage the combined purchasing power of Chase when you book through their portal.

This card also offers a lot in terms of rewards redemption flexibility. If you prefer not to book through Chase, you are still able to transfer your points to 10 different airline frequent flyer programs and 3 hotel loyalty accounts.

The Chase Sapphire Reserve is a perfect card to compliment an airline or hotel card due to the 1-to-1 points transferring ability. Most airline or hotels cardholders will earn 1x points on everyday purchase categories, like restaurants. Savvy cardholders use the Sapphire Reserve to earn 3x points and transfer these to a loyalty program before they book a flight or hotel room.

You can convert your points with:

Airline Partners:

  1. Aer Lingus 
  2. British Airways
  3. Air France
  4. Emirates
  5. Iberia
  6. Jetblue
  7. Singapore Airlines
  8. Southwest
  9. United Airlines
  10. Virgin Atlantic

Hotel Partners:

  1. Marriott
  2. Hyatt Hotels
  3. IHG (International Hotel Group)

If you are thinking about converting your Chase points into one of these programs, we recommend doing so only when you’re about to book your trip so you preserve maximum optionality.

Benefits & Credits

The Chase Sapphire Reserve comes with a rich package of statement credits that helps make travel more enjoyable. The largest of these values is the $300 annual traveling credit that is posted to your account upon sign up. This statement credit is great because it also refreshes every year on the anniversary of opening your credit card. This credit is automatically consumed as you use your card on travel-related purchases so no need to manually configure anything. 

TIP: The travel credit is consumed when you spend on travel purchases, as determined by the business’s merchant ID number. For example, if you used your card to buy theme park tickets, they would not count because theme park merchant IDs don’t register as travel-related purchases. However, if you booked those same tickets via a travel agent, they would count towards your statement credit because they have a travel merchant ID.

The Sapphire Reserve delivers on ridesharing and food delivery credits by partnering with Lyft and Doordash. Cardholders get a complimentary year of Lyft Pink -- a $199 value -- if you make the Sapphire Reserve card your primary billing card. Furthermore, you will automatically earn 10x points on Lyft rides (7x points in addition to the 3x standard travel points) if they are paid for with your Sapphire Reserve card.

You also receive DoorDash’s DashPass, which provides you with unlimited $0 deliveries in addition to the two $60 annual statement credits that come with the card. For most cardholders, Lyft and DoorDash are already part of existing expenses, so we can effectively count this as cash-in-pocket. This holds especially true if you are in a major metropolitan area where these on-demand services are widely available.

Cardholders also get access to over 1,300 airport lounges with the Priority Pass Select that comes with the Chase Sapphire Reserve card. These lounges are all over the world and can be the deciding factor in making your layover relaxing. This point should also be seriously considered for those who travel frequently for work. Free, secure, and fast Wi-Fi are all staples at all Priority Pass lounges, and can make the difference in getting work done in transit. The next time you fly you’ll get Wi-Fi, snacks, beverages, and more for free if you present your card. 

This card goes one step further to ensure you have a pleasant travel experience by offering a $100 fee credit towards an application to Global Entry or TSA Pre✔. Both of these services truly change the airport experience by maintaining “5 minutes or less” of security wait time. These services will save you countless hours and frustration on your travels.

Finally, the Sapphire Reserve comes with great travel insurance for both airfare and car rentals. If your flight is cancelled or cut short due to sickness, weather, or other events you can be insured up to $20,000 per trip. Likewise, if you pay for your rental cars with the Chase Sapphire Reserve you are covered for up to $75,000 in theft or collision damage. This applies to cardholders no matter if you are in the U.S. or traveling abroad.

Welcome Bonus
Once you spend $4,000 on purchases in the initial 3 months from account opening, new cardholders receive 50,000 bonus points. Like all Chase rewards cards, if you redeem points through the Chase Ultimate Rewards portal, you will benefit from a 1.5x value multiplier -- effectively making this 75,000 points. Accordingly, our math settles these points around a $780 to $800 value depending on how you redeem your points. You also receive the $300 annual traveling credit as soon as you are approved for your card. Just these two rewards are worth $1,100 -- which is about 4 free round trip domestic flight tickets.

Annual Fee

All of these benefits come at the annual cost of $550. While that is certainly a considerable sum, it’s worth framing this in context of what you receive. We estimate the first year value for a typical premium rewards cardholder (including the welcome bonus) to be around $1500. These estimates assume you use this as your main credit card (to earn the most points) -- which you should do given the high rewards rate of this card.

Conclusion

The Chase Sapphire Reserve card is a sleek offering targeted at the premium cardholder space that has long been dominated by the American Express Platinum card. From the metal embossing to the holographic finish, this card is as much a social statement as it is a luxury rewards tool for savvy cardholders.

Complete Card Details
Rewards Rate
3x points on travel and dining, 1x points on all other purchases
Welcome Bonus
60,000 points after spending $4,000 in the first 3 months
Typical Credit Score
Excellent
Intro Annual Fee
N/A
Annual Fee
$550
Additional User Annual Fee
$75
Foreign Transaction Fee
N/A
Intro Purchase APR
N/A
Regular Purchase APR
16.99% - 23.99%
Cash Advance Fee
Either $10 or 5% of the amount of each transaction, whichever is greater
Cash Advance APR
24.99%
Late Fee
Up to $39
Intro Balance Transfer APR
N/A
Regular Balance Transfer APR
16.99% - 23.99%
Penalty APR
Up to 29.99%
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Return Payment Fee
Up to $39
Minimum Deposit
N/A
Credit Card Network
Visa
Credit Card Issuer
Chase
Chase Sapphire Reserve® FAQ

What is the minimum credit score required to apply for Chase Sapphire Reserve®?

A credit score of 750 is required to be eligible for Chase Sapphire Reserve®.

What is the minimum deposit required for Chase Sapphire Reserve®?

There is no minimum deposit required for this credit card.

What is the Intro Annual Fee for Chase Sapphire Reserve®

The Intro Annual Fee for this credit card is not available at the moment. Please check the terms for more details.

What is the Annual Fee for Chase Sapphire Reserve®

The Annual Fee for this credit card is $550.

What is the Intro Purchase APR for Chase Sapphire Reserve®

The Intro Purchase APR for this credit card is not available at the moment. Please check the terms for more details.

What is the Regular Purchase APR for Chase Sapphire Reserve®

The Regular Purchase APR for Chase Sapphire Reserve® is 16.99% - 23.99%.

What is the Intro Balance Transfer APR for Chase Sapphire Reserve®

The Intro Balance Transfer APR for this credit card is not available at the moment. Please check the terms for more details.

What is the Regular Balance Transfer APR for Chase Sapphire Reserve®

The Regular Balance Transfer APR for this credit card is 16.99% - 23.99%.

What is the Cash Advance APR for Chase Sapphire Reserve®

The Cash Advance APR for this credit card is 24.99%.

What is the Cash Advance Fee for Chase Sapphire Reserve®

The Cash Advance Fee for this credit card is either $10 or 5% of the amount of each transaction, whichever is greater.

What is the Late Fee for Chase Sapphire Reserve®

The Late Fee for this credit card is up to $39.

What is the Penalty APR for Chase Sapphire Reserve®

The Penalty APR for Chase Sapphire Reserve® is up to 29.99%.

What is the Balance Transfer Fee for Chase Sapphire Reserve®

The Balance Transfer Fee for Chase Sapphire Reserve® is either $5 or 5% of the amount of each transfer, whichever is greater.

What is the Min. Balance Transfer Fee for Chase Sapphire Reserve®

The Min. Balance Transfer Fee for Chase Sapphire Reserve® is $5.

What is the Foreign Transaction Fee for Chase Sapphire Reserve®

The Foreign Transaction Fee for this credit card is not available at the moment. Please check the terms for more details.

What is the Return Payment Fee for Chase Sapphire Reserve®

The Return Payment Fee for this credit card is up to $39.
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