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Chase Sapphire Reserve®

Rates and Fees

👉 Click to Learn More

Annual Fee: $550

Bonus Miles
Bonus Points
60,000
Recommended Credit
740 - 850
Current Offer

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 Travel℠.

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool
60,000
Bonus Points

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 Travel℠.

Summary

The incredible travel rewards earned from this card more than make up for the high annual fee. It's a premium travel credit card tailored for frequent travelers seeking luxury perks and rewards. With a focus on travel benefits, this card offers a generous welcome offer, airport lounge access, travel statement credits, and valuable rewards through the Chase Ultimate Rewards program, making it an excellent choice for travelers.

***Chase Bank only allows you to sign up for one Sapphire card, so you have to choose between the Sapphire Preferred and the Sapphire Reserve (this card). ***

Earning Rewards

[.redeem] 10x [.redeem]per $1 on hotels and car rentals through Chase after the first $300 is spent on travel purchases annually

[.redeem] 10x [.redeem]per $1 on Lyft rides (ending March 31, 2025)

[.redeem] 5x [.redeem]per $1 on flights purchased through Chase (after the $300 travel credit is used)

[.redeem] 3x [.redeem]per $1 on travel (after the $300 travel credit is used) and dining purchases

[.redeem] 3x [.redeem]per $1 on dining at restaurants, including eligible delivery services, takeout, and dining out

[.redeem] 1x [.redeem]per $1 on all streaming services, online grocery purchases, and all other purchases

Additional Benefits

  • Receive a $300 travel statement credit reimbursement each anniversary year
  • Complimentary membership to Priority Pass lounges
  • Access to the Chase Sapphire Lounge by The Club
  • Get 50% more value when you redeem for airfare, hotels, car rentals, and cruises through Chase TravelSM
  • Receive one statement credit of up to $100 every four years for Global Entry, TSA PreCheck, or NEXUS
  • Discounts on DoorDash with free DashPass subscription (Must be activated by December 31, 2024)
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
  • No foreign transaction fees

And, your miles don't expire as long as your account is open.

Foreign Transaction Fee

  • None

Also consider

🏆 Best for premium travel perks

Capital One Venture X Rewards Credit Card

Capital One Venture X Rewards Credit Card

Capital One Venture X Rewards Credit Card

🏆 Best for premium travel perks

75,000
Bonus Miles
Earn 75,000 bonus miles after spending $4,000 in the first 3 months.
75,000
Bonus Miles
Earn 75,000 bonus miles after spending $4,000 in the first 3 months.
The Venture X (one of our favorites!) is a premium travel rewards card that offers generous earning rates on travel and dining purchases, along with a wide range of travel perks and benefits. Cardholders can enjoy flexible redemption options for their rewards, making it a popular choice for frequent travelers.
✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

🏆 Best for luxury benefits

The Platinum Card® from American Express

The Platinum Card® from American Express

The Platinum Card® from American Express

🏆 Best for luxury benefits

80,000
Bonus Points
Earn 80,000 Membership Rewards® points after spending $8,000 within the first six months.
80,000
Bonus Points
Earn 80,000 Membership Rewards® points after spending $8,000 within the first six months.
The Amex Platinum is a premium card offering a range of exclusive travel and lifestyle benefits, including access to luxury airport lounges, annual travel credits, and Membership Rewards points that can be redeemed for travel or other rewards. With a high annual fee, this card is designed for individuals who value premium perks and are frequent travelers looking to enjoy a heightened level of luxury and convenience.
✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

Chase Sapphire Reserve®

CURRENT OFFER

60,000

Bonus Points

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 Travel℠.

REWARDS RATE
1-10x Points
ANNUAL FEE
$550
Our Score
88
Annual fee (20%)
2
Welcome Offer (20%)
7
Point Redemption Value (20%)
10
Rewards Rates (15%)
9
Benefits (15%)
9
Travel Protections (10%)
10
Our Mission
Our Methodology

My Take

Upgrading to the Chase Sapphire Reserve card is one of the best choices I’ve made for my wallet. As someone who spends a lot on travel, earning 3x Ultimate Rewards (after use of the $300 travel credit) on all of those purchases is reason enough to pay the higher annual fee. Thankfully, the $550 annual fee is largely offset by the annual $300 travel credit, which, unlike other premium credit cards, can be used on ANY travel purchases rather than just through a portal. Speaking of portals…Holding the CSR allows you to redeem your Ultimate Rewards for 1.5 cents each when booking flights and hotels through Chase Travel. Since this card also comes with a full Priority Pass airport lounge membership and excellent travel insurance, it’s a great “one-stop shop” for a credit card that does it all.

If you’re having a tough time making this decision, Brendan does an amazing job comparing these cards side-by-side. Check out that YouTube video here 👇

Comparable Cards

The Platinum Card® from American Express

Annual Fee: $695

Rates & Fees
|
Terms Apply
WELCOME OFFER
80,000
Bonus Points
OUR SCORE
88

Capital One Venture X Business

Annual Fee: $395

Rates & Fees
|
Terms Apply
WELCOME OFFER
150,000
Bonus Miles
OUR SCORE
92

Capital One Venture X Rewards Credit Card

Annual Fee: $395

Rates & Fees
|
Terms Apply
WELCOME OFFER
75,000
Bonus Miles
OUR SCORE
90

Pros & Cons

Pros

[.pro] Higher earning rates than the Sapphire Preferred including 10X per $1 on hotels and car rentals through Chase [.pro]

[.pro] Luxury perks such as airport lounge access, travel statement credits, and trusted traveler programs [.pro]

[.pro] $300 travel statement credit reimbursements each anniversary year [.pro]

Cons

[.con] This card does come with a $550 annual fee [.con]

Rewards Summary

[.redeem] 10x [.redeem]per $1 on hotels and car rentals through Chase after the first $300 is spent on travel purchases annually

[.redeem] 10x [.redeem]per $1 on Lyft rides (ending March 31, 2025)

[.redeem] 5x [.redeem]per $1 on flights purchased through Chase (after the $300 travel credit is used)

[.redeem] 3x [.redeem]per $1 on travel (after the $300 travel credit is used) and dining purchases

[.redeem] 3x [.redeem]per $1 on dining at restaurants, including eligible delivery services, takeout, and dining out

[.redeem] 1x [.redeem]per $1 on all streaming services, online grocery purchases, and all other purchases

Additional Benefits

  • Receive a $300 travel statement credit reimbursement each anniversary year
  • Complimentary membership to Priority Pass lounges
  • Access to the Chase Sapphire Lounge by The Club
  • Get 50% more value when you redeem for airfare, hotels, car rentals, and cruises through Chase TravelSM
  • Receive one statement credit of up to $100 every four years for Global Entry, TSA PreCheck, or NEXUS
  • Discounts on DoorDash with free DashPass subscription (Must be activated by December 31, 2024)
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
  • No foreign transaction fees

And, your miles don't expire as long as your account is open.

Customer Reviews & Redemptions

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The reviews above are not provided or commissioned by the bank advertiser. Customer reviews have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. 

How to make the most of your

Chase Sapphire Reserve®

When it comes to Chase Ultimate Rewards, the best way to maximize your points is to redeem them with travel.

[.dontreco] We don’t recommend: Turning your points into cash back [.dontreco]

While you can redeem your points for cash back or gift cards at a rate of 1 cent per point, or use Chase's Pay Yourself Back option, it simply doesn’t provide the best value.

[.sometimesreco] We sometimes recommend: Using the Chase Travel Portal [.sometimesreco]

You can redeem your points for flights, hotel stays, and car rentals through Chase TravelSM, all at a fixed rate of 1.5 cents per point. While this is a decent option, it’s still not the best.

[.alwaysreco] We always recommend: Using transfer partners at a 1:1 ratio to stretch your points as far as humanly possible. [.alwaysreco]

The bottom line is — if a flight or hotel room can be bought with cash, you can use your points to book it. Transferring your Chase points can score you more than 1.5 cents per point by moving rewards to Chase's 14 amaaaazing airline and hotel partners. Top picks include Hyatt, United, British Airways, IHG One Rewards, and so many more. Taking advantage of these transfer partners is one of the best ways to justify your Sapphire Reserve. Chase often runs bonus promotions, giving you up to 30% more points or miles when you transfer to a partner.

Transfer Partners

Transferring your Chase points is a super simple process. Simply log in to your Chase account and click on “points” in the top right corner. Then, you’ll see three dots on the top of the screen. Click those and select “transfer points to partners.” From there, you’ll be able to view any bonuses and available transfer options.

And you’re on your way! ✈️

PROGRAM NAME
TRANSFER RATIO

Aer Lingus

1:1

Air Canada

1:1

Air France / KLM

1:1

British Airways

1:1

Emirates

1:1

IHG One Rewards

1:1

Iberia

1:1

JetBlue

1:1

Marriott Bonvoy

1:1

Singapore Airlines

1:1

Southwest Airlines

1:1

United Airlines

1:1

Virgin Atlantic

1:1

World of Hyatt

1:1

Our Favorite Redemptions

Brendan and Erin booked an insane 15-Day European vacation using points! I know this feels like a once-in-a-lifetime trip, but what if I told you that you could use your Sapphire Reserve to make the same redemption?

Check out this video to see the full details on this trip, and get tips on the best ways to utilize your Chase Ultimate Rewards 👇

Offer History

OFFER DATES
OFFER DETAILS
Current Offer since
Oct 2021
through
Jun 2022
Earn 50,000 bonus points after spending $4,000 in the first three months of account opening
Current Offer since
Jun 2022
through
Oct 2022
Earn 60,000 bonus points after spending $4,000 in the first three months of account opening
Current Offer since
Oct 2022
through
Jan 2023
Earn 80,000 bonus points after spending $4,000 in the first three months of account opening
Current Offer since
Feb 2023
through
May 2024
Earn 60,000 bonus points after spending $4,000 in the first three months of account opening
Current Offer since
May 2024
through
Jun 2024
Earn 75,000 bonus points after you spend $4,000 on purchases in the first three months from account opening
Current Offer since
Jun 2024
through
Earn 60,000 bonus points after spending $4,000 in the first three months of account opening

The Best Complementary Cards

IHG One Rewards Premier Credit Card

ELEVATED OFFER

Why? Ok, hear me out. If you’re already working with a premium card, then it might be time to pair that with a hotel card. This would massively increase your travel game, and here’s how: IHG Premier cardholders can earn tons of points at IHG properties and enjoy exclusive perks. With IHG's extensive global presence and the new IHG One Rewards program, this card has become much more appealing. Plus, the generous welcome offer on a $99 card is hard to resist (especially when you’re already paying a steeper annual fee with the Sapphire Reserve).

With this card, you’re looking at 26X total points per $1 at IHG hotels and resorts (🤯), 3X per $1 on everyday purchases, automatic Platinum Elite Status, an anniversary free night, and so much more. With the Sapphire Reserve, you’re being granted some sweet travel perks, like lounge access and elevated earnings through the Chase Portal. And with the IHG Premier, you’re earning similar rewards, but through hotels this time. In short, when these two cards combine, they can really round out your travel game.

Chase Freedom Unlimited®

Why? The Chase Freedom Unlimited is a well-known “starter” card. And while you might be wary of “backtracking” to a starter, when paired with the Sapphire Reserve, your point-earning potential skyrockets. First of all, earning an extra 1.5% on EVERYTHING you buy (up to $20,000 in the first year) is a great deal, potentially giving you $300 cash-back. If you also have a Chase card that earns Ultimate Rewards points (like the  Sapphire Reserve), you can convert your cash-back into valuable Chase points, transferable to airline and hotel partners.

Top Premium Cards

Here’s the thing about the Sapphire Reserve. Your points can prove most valuable when you use the 50% bonus by booking through the Chase Portal. The 60,000 points you’ll be getting through the welcome offer are now worth 90,000 points when using said bonus.

Brendan does a great job breaking down the benefits of this premium card (along with two others) in this YouTube video 👇

Who Should Get The

Chase Sapphire Reserve®

?

  1. The Luxurious Traveler

Let’s be clear. The Sapphire Reserve is boujee. In case you need convincing of that, just check out the annual fee. But let’s be clear about another thing. You shouldn’t let that annual fee scare you. This card’s perks and statement credits are here to save the day. And speaking of perks, the Reserve has proven to be for the luxurious traveler. We’re talking about a complimentary membership to Priority Pass lounges and access to the Chase Sapphire Lounge by The Club, both of which add a little sparkle to any travel day. Plus, you’ll receive up to $100 every four years for Global Entry, TSA PreCheck, or NEXUS. Needless to say, with the Sapphire Reserve, you’re definitely traveling in style.

  1. The Everyday Traveler

Ok, every day is a stretch, but you get the point. The Sapphire Reserve is a perfect choice for those frequenting the airport. In case you’re in need of some convincing, here are some examples of ways Mike has used his card recently:

  • Hotel in Myanmar: There are no chain hotels in that area, so he used the Sapphire Reserve to book a place for 1.5 cents per point value.
  • At a Hyatt: He booked a 5-night stay for 15k points transferred from the Sapphire Reserve. While this wasn’t a massive cents-per-point value, it was still super nice to get a long stay for basically no points (with free breakfast and free dinner every night).
  • Flight from Chongqing, China to Hong Kong: He booked said flight with 12,500 United miles transferred from the Sapphire Reserve. The flight was priced at $500 so it was about 4 CPP value!
  • Qsuites flight: Mike booked a Qsuites flight from Pakistan to Doha for 26,000 JetBlue miles…which is nuts!

Who Should Not Get The

Chase Sapphire Reserve®

?

Here’s a good rule of thumb: You probably shouldn’t own a credit card if you: (1) have a bad credit score, (2) are a non-U.S. resident (for this particular card), and (3) cannot control your spending. If your credit score is below 700, you'll need to improve it before applying for travel credit cards, as approval for the best ones, like the Capital One Venture X Rewards Credit Card, is unlikely. Be honest with yourself: if a new credit card will tempt you to overspend, it's best to avoid it. Credit cards are crucial for earning miles and points, but they require responsible use.

We’ve said it before — but the Sapphire Reserve is not a beginner card. If you’re at the beginning of your miles and points journey, there are a few starter cards we would suggest checking out first. For example, the Sapphire Preferred is an excellent stepping stone on the way to the Reserve. You’ve still got access to Chase’s Travel Portal and transfer partners, but you’re paying a significantly lower annual fee (and working on building up that credit score in the meantime).

Here are a few cards we suggest you check out first:

Frequently Asked Questions

What airport lounges does Sapphire Reserve get you into?

The Sapphire Reserve can get you into Priority Pass Lounges, which has over 1,500 locations worldwide. Plus, you can access the Chase Sapphire Lounge by The Club at locations in Boston, New York City, and Hong Kong, with more coming soon in Philadelphia, Las Vegas, Phoenix, and San Diego.

How can I make the Chase Sapphire Reserve worth it?

The Chase Sapphire Reserve card's $550 annual fee can be justified by its valuable benefits, including travel credit, airport lounge access, and trip protections. For instance, the card offers a $300 annual statement credit for travel purchases, which significantly reduces the annual fee.

Is it worth upgrading to the Chase Sapphire Reserve?

Despite its $550 annual fee, which exceeds that of many other rewards credit cards, the Chase Sapphire Reserve® is a valuable option for frequent travelers seeking solid benefits. If you’re looking to level up your travel game with luxury perks, the Sapphire Reserve is a great option.

What is the 5/24 rule?

The Chase 5/24 rule prevents you from being approved for a new Chase credit card if you have opened five or more credit cards in the past 24 months. Read more about it here.

Is Sapphire Reserve a luxury card?

Yes, the Chase Sapphire Reserve is a premium travel credit card with a $550 annual fee, but frequent travelers can find it worthwhile due to benefits like a $300 annual travel credit, no foreign transaction fees, elite hotel perks, and car rental rewards programs.

How hard is it to get Chase Sapphire Reserve?

Typically speaking, you need a credit score of at least 740 for card approval, though the average score is somewhat higher. Those with scores under 700 have been approved, but their approval process is often delayed.

Is Chase Sapphire Reserve worth the price?

Although the Chase Sapphire Reserve® card has a $550 annual fee, its benefits can offset this cost if used wisely. The high reward rates on travel expenses justify the annual fee.

Authors

Written by: McKay Moffitt

Content Specialist

Edited by: Tiffany Eastham

Writer & Editor

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