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Chase Sapphire Reserve? Review 2024: Premium Travel Perks

Chase Sapphire Reserve? review
KEY TAKEAWAYS
  • What we think: For frequent travelers, the Chase Sapphire Reserve?’s abundance of luxury benefits and lifestyle-enriching perks, along with its $300 yearly travel credit, can easily make the $550 annual fee worth it.
  • Luxury benefits include VIP airport lounge access, free Lyft, DoorDash and Instacart membership.
  • The annual fee is high, and you usually need a good or excellent credit score to get this card.
  • Earn points on flights and hotels, redeem them for travel, statement credits, cash, or transfer them to partner loyalty programs.
SUMMARY

The Chase Sapphire Reserve? is a luxury credit card with ample travel benefits. In this review, we explore the elite credit card’s rewards, fees and benefits to help you understand whether it aligns with your lifestyle.

Take the Sapphire Reserve card on your journeys and earn an array of high-end perks and benefits as you spend. Read on to find out if this card is right for you.

Pros & Cons

Pros

  • Lucrative and flexible rewards on flights, hotels, rental cars and dining
  • Complimentary access to up to 1,300 VIP airport lounges
  • An array of generous partner benefits

Cons

  • High annual fee
  • Highest rewards only available through the Chase portal
  • VIP lounge access is limited to the Priority Pass? Select network
Chase Sapphire Reserve?
LEARN MORE
Key Information
Earn 10X points on hotels and car rentals booked through Chase Travel, 10X points on Chase Dining purchases, 5X points on flights booked through Chase Travel, 3X points on non-Chase travel and dining, and 1X points on all non-bonus spending. $550 annual fee.

Chase Sapphire Reserve?: Overview

Is the Chase Sapphire Reserve card worth it?

Yes, the Chase Sapphire Reserve? could absolutely be worth it if you’re in the market for a card with premium benefits and you travel frequently enough to get enough value out of it.

However, it’s not all sunshine and rainbows. The Chase Sapphire Reserve has a hefty $550 annual fee, and big rewards only roll in after you’ve spent $300 on travel. That means if you plan on spending $325 on travel next year like the average American, that $550 fee might be reaching, and the card may not offer much value.

Chase Sapphire Reserve: Highlights

Who is the Sapphire Reserve best for?

The Chase Sapphire Reserve is a handy travel companion for high-earners (and high-spenders) with unquenchable wanderlust and a taste for life’s luxuries. It offers generous rewards and perks for the premium traveler, like airport lounge access, an annual travel credit, and valuable partner benefits.?

Chase Sapphire Reserve?: Rewards

Sign-up bonus

You can scoop up 75,000 welcome bonus points with your Chase Sapphire Reserve card if you spend $4,000 on qualifying purchases within three months of account opening. That means you essentially earn $1,125 for travel purchases via Chase Travel? or $750 in cash by just going about your business as usual.?

Earning points

Note: You won’t start earning points on travel until after spending the $300 annual travel credit. The first $300 spent on travel will automatically go toward the travel credit.

Redeeming rewards

With the Chase Sapphire Reserve?, points spent on travel are worth 50% more (1.5 cents each) than other spending options — so 10,000 points would be $150 to spend on travel via the Chase Travel? portal.?

For everything else, it’s typically 1 cent per point, making 100 points equivalent to $1.

Redeem points for statement credits, gift cards, merchandise and travel through Chase Travel?, or transfer them to eligible loyalty programs (like United and Southwest) at a 1:1 ratio.

Maximizing your rewards

To maximize the rewards from the Chase Sapphire Reserve, be sure to check the reward program in advance.?

If you’re likely to spend $4,000 within three months of opening an account and regularly purchase flights, hotel stays and rarely cook at home, it’s a shoo-in.?

Buy and book as much as you can through the Chase Travel? portal, and use Lyft, Peloton, DoorDash and Instacart whenever possible. Our overall advice for maximizing this card? Don’t be a spendthrift and cash points for their travel value.

Rates & Fees

Fees?

Interest rates

Credit limit

Chase sets your Chase Sapphire Reserve credit limit based on a number of factors, including income, credit history and your current spending habits. For example, if you have a credit score of 800, earn a six-figure annual salary and pay your bills in full and on time, you’ll likely get a generous credit limit.

Chase Sapphire Reserve?: Benefits

Travel benefits

Chase Sapphire travel insurance

Hotel benefits

Car rental benefits

Shopping protections

Other benefits

Chase Sapphire Reserve?: Drawbacks

The annual fee

Let’s face it, the Chase Sapphire Reserve’s $550 annual fee is not for the faint of heart. If you’re unable or unwilling to maximize its benefits, this card will only be a costly addition to your wallet.?While Sapphire Reserve undeniably comes with incredibly lucrative rewards and valuable perks, it may be difficult to justify the fee if you don’t travel frequently or dine out. Or, even if you can find enough value in the perks, paying nearly $600 a year for a credit card can still be less than ideal.

No earning points on travel until after the first $300

While the $300 annual travel credit is one of the biggest draws of the Chase Sapphire Reserve, it can also potentially throw a monkey wrench into your point-earning endeavors. The first $300 you spend on travel each year automatically goes toward the travel credit, and you won’t earn any points on travel purchases until after the annual credit is used fully.?

If you spend significantly more than $300 on travel every year, this technicality shouldn’t impact you too much, but if you’re more of a casual traveler, it could make it more difficult to rack up points.

How Chase Sapphire Reserve? compares

Chase Sapphire Reserve? vs. Chase Sapphire Preferred? Card

The Chase Sapphire Preferred? Card carries a lower annual fee ($95) than the Sapphire Reserve but also offers fewer points and less valuable perks. With the Chase Sapphire Preferred, you can earn 5X points on travel purchased through Chase Travel?, 3X points on dining, select streaming services, and online grocery purchases (excl. Walmart, Target, and wholesale clubs), 2X points on non-Chase travel purchases, and 1X points on other purchases. These points can be redeemed for 25% more value through Chase Travel, compared to the Reserve’s 50% more. The Sapphire Preferred would likely be a better option for casual travelers.

To learn more, check out our complete article on Chase Sapphire Preferred vs. Reserve.

Chase Sapphire Reserve? vs. The Platinum Card? from American Express

Compared to the Chase Sapphire Reserve, The Platinum Card? from American Express has a higher annual fee (see rates and fees) and a lower spending threshold spread over a longer period to be eligible for the welcome bonus. Perks are similar, although Amex Platinum offers fewer points on travel, dining and daily purchases overall. The Platinum Card has over $1,500 in annual statement credits, but they’re less flexible than the Sapphire Reserve’s $300 travel credit.

Learn more about how these cards compare with our guide on Chase Sapphire Reserve vs. Amex Platinum.

Chase Sapphire Reserve? vs. Capital One Venture X Rewards Credit Card

Compared to the Capital One Venture X Rewards Credit Card, the Chase Sapphire Reserve stacks up well. It has a higher annual fee than Venture X but also has more valuable points. However, the Venture X has a simpler points-earning structure than the Sapphire Reserve — 10X points on hotels and rental cars, 5X points on flights, and 2X points on other purchases. The perks these two cards offer are similar: $300 annual travel credit, airport lounge access, TSA PreCheck credit, travel insurance benefits, and more.?

To learn more about how these cards compare, check out our guide on Chase Sapphire Reserve vs Venture X.

Chase Sapphire Reserve?

Chase Sapphire Reserve?
LEARN MORE on Bankrate's secure site
Key Information
Earn 10X points on hotels and car rentals booked through Chase Travel, 10X points on Chase Dining purchases, 5X points on flights booked through Chase Travel, 3X points on non-Chase travel and dining, and 1X points on all non-bonus spending. $550 annual fee.
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Chase Sapphire Preferred? Card

Chase Sapphire Preferred? Card
LEARN MORE on Bankrate's secure site
Key Information
Earn 5X points on Chase Travel purchases, 3X points on dining, online grocery purchases, and select streaming services, and 1X points on other purchases. $95 annual fee.
Show More Show Less

The Platinum Card? from American Express

The Platinum Card? from American Express
LEARN MORE Rates & Fees / Terms Apply on Bankrate's secure site
Key Information
Earn 5X Membership Rewards? points for flights booked directly with airlines or with American Express Travel (on up to $500,000 per calendar year), 5X points on prepaid hotels booked with American Express Travel, and 1X points on other eligible purchases. $695 annual fee.
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Should you get the Chase Sapphire Reserve? card?

The Chase Sapphire Reserve? card is a powerhouse in the realm of travel rewards cards, offering exceptional benefits that make it worthwhile for frequent travelers. If you anticipate capitalizing on the card’s lifestyle perks and are confident your spending habits align with its reward program, the Chase Sapphire Reserve is an astute choice. So, in short, the Chase Sapphire Reserve is right for you if you’re a frequent traveler who prioritizes luxury travel perks and lifestyle rewards.

If you can’t justify paying $550 a year for a credit card, you don’t travel much, or you’re not one to go out to restaurants, you’ll likely find more value elsewhere.

See more Chase credit cards Compare cards side-by-side Credit Cards with Mouse Cursor Compare cards

FAQ: Chase Sapphire Reserve? card

Is Chase Sapphire Reserve? prestigious?

Yes, it’s widely recognized as a prestigious credit card due to its premium rewards, luxury perks and high annual fee.

What are the rewards on the Chase Sapphire Reserve? card?

The Chase Sapphire Reserve offers tons of rewards, including 10X points on hotels and car rentals and 5X points on flights booked through Chase Travel?.

Can I transfer points from the Chase Sapphire Reserve? card?

Yes, you can transfer points earned using this card to around 12 airline and hotel loyalty programs at a 1:1 ratio.

What credit score do you need to get the Chase Sapphire Reserve??

You generally need a good to excellent FICO score (around 720+) to get approved for the Sapphire Reserve, but Chase also considers other factors when reviewing your application.?

Not sure what your score is? Learn how to check your credit score with our complete guide.

What income do you need for Chase Sapphire Reserve??

There are no specific income requirements for approval, but people with a high income and excellent record of paying bills on time in full are at an advantage.

How do I get the Chase Sapphire Reserve??

Chase takes your credit score, payment history, existing debt and recent credit applications into account. You can learn more about the Chase Sapphire Reserve card and apply online from the comfort of your own home.

Does Chase Sapphire Reserve? cover Global Entry?

Yes! If you use the Chase Sapphire Reserve card to apply for?Global Entry,?TSA PreCheck, or NEXUS, you can get reimbursed up to $100 every four years to cover the application fee.

Chase is more than just a credit card issuer

The first step in growing and maintaining consistent savings is to understand your personal finances through checking and savings accounts, credit cards, and more.

If you want to save and grow your money, consider the following Chase products:

Imogen Sharma
Imogen Sharma Finance Contributor

Imogen Sharma is an experienced writer, specializing in business, culture, and financial guidance for young adults. She has contributed to articles for Varo Bank, Lendzi, MoneyTips and Indeed, providing invaluable insights into budgeting, financial planning, and lines of credit.

As a dedicated self-employed writer, she cherishes the opportunity to share her knowledge and experience with others, offering advice so they can master their bank accounts and secure their financial futures. Her articles, published in CMSWire, Reworked, WalletGenius and The Customer, serve as actionable guides to help people make solid financial decisions.

Prior to her writing career, Imogen honed her financial acumen in management roles, excelling in P&L analysis, budgeting and HR. During her tenure at Smith & Wollensky in London, her strategic contributions contributed to a 2% increase in EBITDA over a year, demonstrating her ability to drive financial performance and organizational success.

Imogen’s writing style combines expertise with accessibility, making complex financial topics easily understandable and actionable. With a focus on the long game, she encourages readers to approach financial matters with enthusiasm and determination.

* Opinions expressed here are those of the LA Times Compare Cards Team and have not been reviewed or approved by any advertiser or entities included within this content. See our editorial policy for more details.

All products or services are presented in this content without warranty. The information, including card details such as rates and fees, is accurate at the time of publish. Please visit each bank's website directly for the most current information.

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