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®
$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
Earn 5x total points on air travel and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 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, 50,000 points are worth $750 toward travel
With Pay Yourself BackSM, 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 PassTM Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
October 8, 2021
In this Chase Sapphire Reserve® review, we’ll look at who the card is for, the card’s credit score requirements, its benefits, its key characteristics, and more.
(Click on a link to jump to the specific section)
Let’s begin with this credit card review.
The Chase Sapphire Reserve® Card is one of the best premium travel credit cards today. Few cards rival its lucrative rewards and even fewer that offer the same flexibility to redeem your points.
Access to Chase Ultimate Rewards® makes this credit card a great choice to earn maximum points for luxury resort vacations, premium hotel stays, and more.
The Chase Sapphire Reserve is also the perfect credit card for cardholders looking for a primary credit card for purchases with travel benefits.
As a top-tier travel rewards card, the Sapphire Reserve Card has a hefty credit score requirement. For the best chances of approval, you’ll need to have a credit score of at least 740.
Owning the Chase Sapphire Reserve will cost you $550 annually. This may seem like a lot but an annual fee this high isn’t out of the ordinary for premium travel rewards cards.
With proper utilization, the high annual fee is easily offset by the rewards points, signup bonus, and the range of perks that come with owning this credit card.
For instance, new cardmembers can earn rewards worth $750 during the first three months and easily make up for the first year's annual fee.
As expected from a rewards card of its caliber, the Sapphire Reserve comes with zero foreign transaction fees making it a great fit for avid travelers.
Chase charges a balance transfer fee of $5 or 5% of the amount transferred, whichever is greater.
A cash advance will cost you $10 or 5% of the amount of the transaction, whichever is greater.
The Sapphire Reserve's variable APR for purchases and balance transfers ranges from 17.24%-24.24%.
Cash advances come with a variable APR of 25.24%.
As a Sapphire Reserve cardholder, you're going to want to keep tabs on your card's bills as it has a penalty APR of up to 29.99%.
This credit card offers a robust rewards program. Sapphire Reserve Cardholders can use the Chase Ultimate Reward portal to redeem their reward points in a variety of ways. This includes eligible travel purchases, a statement credit, gift cards, and merchandise.
Here’s a breakdown of the Chase Sapphire Reserve Card’s rewards rate:
Next, let’s take a look at some of the key characteristics of this credit card.
Many people apply for credit cards for different reasons. Some for the welcome bonus, some for low annual fees, and some for the luxurious rewards and benefits. The Chase Sapphire Reserve card falls into the last category.
It’s a sleek offering targeted at the premium cardholder space long dominated by The Platinum Card from American Express. This Chase Card is as much a symbol of elite status as it is an essential credit card for a savvy cardholder.
The Chase Sapphire Reserve Card is a solid option for those with excellent credit who are in search of a great travel rewards card. It’s perfect for frequent travelers and high spenders.
Although the card comes with a high annual fee, its extensive list of rewards makes it a worthy possession.
You can apply for this card here.
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