Chase Sapphire Reserve℠ is a premium credit card that provides you with extremely lucrative rewards. With $450 annual fee, this card is quite expensive to maintain, but if you obtain it, you get an access to luxury services and a great bonus and rewards program, which are especially worthwhile for travelers.
- Huge sign-up bonus – 50,000 Ultimate Rewards® points;
- $300 travel credit reimbursement;
- Great rewards for travel purchases and dining out: 3 Ultimate Rewards points on travel and 1 Ultimate Rewards point on other purchases;
- Access to the lounge zones in more than 900 airports around the world;
- No foreign transaction fee.
- $450 annual fee.
How to use this card
Spend $4,000 on this card in the first 3 months and get 50,000 Ultimate Rewards® points as a sign-up bonus. Each year, you automatically get up to $300 of travel reimbursement in statement credits (depending on how much you’ve spent on travel throughout last year).
A Chase Sapphire Reserve℠ holder earns 3 Ultimate Rewards® points for each dollar spent on travel purchases and dining out and 1 point per $1 spent on all other purchases. The category of travel purchases is very wide: it’s not only airfare and hotel stays but also taxis (Lyft and Uber included), public transportation, campgrounds, etc. Dining out category includes not only restaurants and cafes but also food delivery.
Points redemption on Chase Sapphire Reserve℠ grants you 1.5 cents per one Ultimate Rewards® point if redeemed for travel through the Chase Travel Portal. Thus, your sign-up bonus is worth of $1,500 if redeemed for travel. To maximize your travel rewards, you can use your Chase Freedom® credit card together with your Chase Sapphire Reserve℠. To learn how to implement this travel maximization strategy, read our guide “Combine Chase Cards to Maximize Travel Rewards.”
After activation of your Chase Sapphire Reserve℠, you get a Priority Pass Select membership. This gives you an access to the lounge zones in more than 900 airports around the world. If you add an authorized user to your Chase Sapphire Reserve, he or she will be able to use Priority Pass Select membership benefits. Each authorized user will cost you $75.
How much it costs
Annual fee is $450. A variable 16.99% - 23.99% APR is applied based on your creditworthiness. A penalty fee up to $37 for late or returned payments might be charged.
The bottom line
With the $450 annual fee, the Chase Sapphire Reserve℠ is quite an expensive credit card. However, we believe that its bonuses make it totally worth it. The sign-up bonus will cover the annual fee for five years if redeemed for travel. The $300 annual reimbursement for travel purchases, in fact, will reduce your expenses on your annual fee to $150 (if you spend a certain amount of money on travel throughout the year).
Great rewards for travel purchases and lucrative offers for points redemption (1.5 cents per 1 point) as well as an access to airport lounge zones make this card number one for any frequent traveler.