The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

Travelers with excellent credit may find the Chase Sapphire Reserve® compelling due to its numerous premium travel perks, including high earning and redemption rates, lounge access, concierge services and an annual travel credit.

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WHY WE GEEK OUT

The Chase Sapphire Reserve® shines in the travel and dining rewards department, offering exceptional point rewards through Chase Ultimate Rewards and increased redemption value for travel. The substantial sign-up bonus, exclusive luxury travel perks, protections for travel and purchases, and an annual travel credit add to its appeal for frequent travelers. However, it comes with a notably high annual fee, which may be a deal-breaker if you know you won't get the full value out of the card's many premium benefits.

Chase Sapphire Reserve® Overview

The Chase Sapphire Reserve® delivers a ton of value for its high annual fee of $550. It offers frequent travelers and spenders an attractive rewards rate on dining, travel, and general purchases, with an especially lucrative welcome offer and luxury travel perks. Here are the key details:

Rewards rate: 10X points on Chase Dining purchases, hotel stays and car rentals booked through Chase Ultimate Rewards, 10X points on Lyft purchases (through March 31, 2025), 5X points on air travel through Ultimate Rewards, 3X points on general travel and restaurant purchases, 1X points on all other spending (all travel rewards rates apply only after earning the $300 travel credit each year)

Welcome offer: 60,000 points after spending $4,000 in the first three months

Regular APR: 22.24% to 29.24% (variable)

Annual fee: $550

Intro APR offer: None

Flexible redemption: Redeem points for travel, cash back, gift cards or merchandise. No expiration dates, points limits or blackout dates

Bonus redemption: 50% bonus on travel rewards redeemed through Chase Ultimate Rewards

Annual travel credit: $300

Additional travel perks: Up to $100 credit for Global Entry/TSA PreCheck application fee, airport lounge access through Priority Pass Select membership, trip cancellation/interruption insurance, emergency evacuation and transportation coverage and primary rental car insurance

Additional memberships: Complimentary Lyft Pink membership (if activated using your card by Dec 31, 2024), Complimentary DoorDash DashPass membership (if activated using your card by March 2025)

Key Takeaways

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Exceptional point rewards for dining and travel through Chase Ultimate Rewards

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Boosted redemption value for travel

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Substantial signup bonus

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Exclusive luxury perks for travelers

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Travel and purchase protection

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Annual travel credit

Cons

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High annual fee

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No introductory APR period

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High variable APR

Important Card Details

When evaluating this card, it's crucial to weight the substantial rewards rate and premium travel benefits against the hefty annual fee and the likelihood that you'll actually reap all the benefits.

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    Lucrative Rewards

    This card's rewards structure is highly advantageous for frequent travelers and those who dine out often, offering an impressive 10X points on Chase Dining, hotels, and car rentals booked through Chase Ultimate Rewards, as well as Lyft purchases (valid until March 31, 2025). Additional rewards such as 5X points on air travel through Ultimate Rewards (after a $300 travel credit), 3X points on general travel and restaurant purchases, and 1X points on all other spending further enhance its appeal, providing broad opportunities to accumulate points across a range of spending categories. All travel rewards rates apply only after earning the $300 travel credit each year.

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    High Annual Fee

    The substantial $550 annual fee and an extra $75 for each additional user are significant considerations with this card, marking it as a premium offering in the credit card market. These fees underscore the importance of fully utilizing the Chase Sapphire Reserve®'s high-end rewards and benefits to ensure they outweigh the costs and offer meaningful value to the cardholder.

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    Solid Welcome Offer

    The welcome offer of 60,000 points after spending $4,000 in the first three months is a competitive proposition within the premium travel credit card sector, providing a substantial head-start for new cardholders to accrue points. Given that these points could potentially translate to high-value travel rewards or statement credits, this welcome offer adds significant upfront value to the card.

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    Premium Travel Benefits

    This card's suite of premium travel benefits positions it as a standout option for frequent travelers, offering notable features such as statement credits for Global Entry or TSA PreCheck application fees, complimentary Priority Pass Select membership granting access to VIP airport lounges worldwide, and unique amenities via the Luxury Hotel and Resort Collection. Enhancing its value, the card includes comprehensive travel insurances, and also offers exclusive dining experiences with Reserved by Sapphire, which helps cardholders secure reservations at some of the nation's top-rated restaurants.

How the Chase Sapphire Reserve® Compares

The Chase Sapphire Reserve® offers travelers some of the best perks and rewards in exchange for its sizable annual fee. Travelers with excellent credit can use the card to maximize their points and ensure maximum comfort during their trips. However, comparing it with another card can help you determine if it’s the best card for your wallet.

How This Card Compares

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Chase Sapphire Reserve® Card

  • Rewards rate: 10X points on Chase Dining purchases, hotel stays and car rentals booked through Chase Ultimate Rewards, 10X points on Lyft purchases (through March 31, 2025), 5X points on air travel through Ultimate Rewards (after earning your $300 travel credit), 3X points on general travel and restaurant purchases, 1X points on all other spending
  • Welcome offer: 60,000 points after spending $4,000 in the first three months
  • Regular APR: 22.24% to 29.24% (variable)
  • Annual fee: $550
  • Intro APR offer: None
  • Best for: frequent travelers seeking luxury
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The Platinum Card® from American Express

  • Rewards rate: 5X points on flights booked directly with airlines and flights or prepaid hotels booked through American Express Travel (up to $500,000 in spending per calendar year), 2X points on prepaid car rentals through Amex Travel and 1X points on everything else
  • Welcome offer: Earn 80,000 points after spending $6,000 in the first six months
  • Regular APR: See Pay Over Time APR
  • Annual fee: $695
  • Intro APR offer: None
  • Best for: big spenders on travel

About Grace Pilling


Grace Pilling headshot

Grace Pilling is passionate about empowering readers to make informed financial choices to support their best lives, not a company’s bottom line. Prior to joining MoneyGeek as a senior content manager, Grace was a senior editor at CreditCards.com and Bankrate, where she focused on teaching people how to use credit cards wisely.


*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
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