Chase Sapphire Reserve Review
The Chase Sapphire Reserve card is ideal for individuals who are looking for a travel card that comes with a high earning potential and flexible redemption points. Although the card has one of the most expensive annual fees of all Chase cards, its vast luxury perks make it appealing to frequent travelers.
Travelers with excellent credit may find the Chase Sapphire Reserve card compelling due to the numerous perks associated with it. Members find value in the card’s high earning and redemption rates as well as luxury perks such as lounge access, concierge services and a $300 yearly travel credit.
Card Details to Know Up Front
- Bonus, Fee or FeatureHas or Not
- Has Annual Fee
- Has Balance Transfer Offer
- Has APR Offer
- Cash Back Rewards
- Travel Rewards
Chase Sapphire Reserve at a Glance
The Chase Sapphire Reserve is a luxury travel card with exclusive perks for frequent travelers. In addition to the elevated earning and redemption values offered, new cardmembers can earn 60,000 bonus points by spending $4,000 on the card in the first three months. Chase Sapphire Reserve customers can also access over 1,200 worldwide lounges with the Priority Pass Select and are credited $300 back on travel purchases made through the card each year.
- Chase Sapphire Reserve Card
An outstanding travel card with flexible redemption points
- ExcellentCredit Needed
- $550Annual Fee
- 1–3 Points per $1Rewards Rate
- 3xRewards Rate at Hotels
- 3xRewards Rate on Dining
Pros & Cons Explained
Before applying for the Chase Sapphire Reserve card, it can be helpful to know the perks and drawbacks of owning the card. This can help you determine if it’s the right card for your wallet.
- No foreign transaction feeSome cards charge a 3% foreign transaction fee. However, using this card means that you won’t be charged to make payments outside of the United States.
- Welcome bonus for new cardholdersNew customers earn 60,000 points for spending $4,000 within the first three months of getting the card. Cardholders can redeem the points for an equivalent of $900 travel costs.
- Annual travel creditCardholders receive up to $300 travel credit each year, which is automatically credited into their account.
- DoorDash subscriptionIf you get the Chase Sapphire Reserve card, you will be eligible for a maximum of $120 DoorDash credits. You’ll also get a DashPass membership that allows you to get free delivery and reduced service fees on orders that cost more than $12.
- Priority Pass Select membershipCard holders can access over 1,200 VIP airport lounges worldwide with the included Priority Pass.
- High annual feeYou will pay a $550 annual fee for using this card. Authorized users will also pay a $75 annual fee.
- Strong credit is requiredYou must have exceptionally good credit to get approval to purchase this card.
- Limit on high-reward pointsWhile some cards offer the highest rewards across several categories, this card only offers three points per dollar on travel and dining and just one dollar on other purchases.
- High variable APRThe APR for purchases and balance transfers is higher than some Chase travel credit cards.
MoneyGeek ranks the best cards across various categories in its database of credit cards. You can compare the Chase Sapphire Reserve card with Moneygeek’s list of the best travel cards to see whether it has the features that you are looking for.
Bonuses & Rewards Explained
By getting the Chase Sapphire Reserve card, you will be allowed access to various rewards and bonuses. Here are some of the top perks you can expect to receive if you get the card.
1:1 point transfer
You can transfer your points to some of the top airline and hotel loyalty programs. These Chase points are highly valued and will transfer to partner programs at a 1:1 rate.
Once you get this card, you will receive 60,000 bonus points if you spend $4,000 on purchases in the first three months. You can redeem these points for up to $900 of travel costs.
No blackout dates
With this card, you can book any seat on a flight or any room in your hotel of choice using the Chase Ultimate Rewards program.
You will get up to 15% off for car rides as well as priority airport pickups and other exclusive savings opportunities with an active Chase Sapphire Reserve card.
Cardholders are eligible for $120 DoorDash credits. You’ll also get a DashPass membership that allows you to get free delivery and reduced service fees on orders that cost more than $12.
Chase Sapphire Reserve customers receive a $300 travel credit every year. This is automatically applied to your account when you make a travel-related purchase.
TSA PreCheck or Global Entry Application Credit
Card users will receive a credit when they use the card to pay for their TSA PreCheck or Global Entry applications.
Other Features Explained
Aside from the rewards and bonuses that the Chase Sapphire Reserve card offers, there are several additional features that make the card appealing to people with excellent credit.
- Card FeatureDescription
- Luxury hotel and resort optionsThe card allows you to enjoy special benefits within some of the top hotels and resorts worldwide. This may include complimentary room upgrades, free breakfast and resort credits.
- Customer serviceMembers have 24/7 access to customer service regardless of their location.
- Complimentary airport lounge accessWith this card, you will be granted access to various VIP lounges across 500 cities before your next flight.
It is possible to upgrade to this card from the Chase Sapphire Prefered if you’re looking to earn the larger 100,000 point welcome offer, though you will have to wait 12 months to do so. This is also the card to get if you’re looking for luxury perks, such as the Priority Pass Select. The $300 travel credit also helps this card make a lot of sense financially.
Understanding the Fine Print
Although the card has a high annual fee, it is a great supplement to other reward credit cards. With its 1:1 point transfer feature, it is easy for cardholders to transfer points between different accounts as a way of maximizing the bonus and other rewards. However, you will need to have excellent credit to get the card.
- Card FeatureAmount or Rate
- Annual Fee$550
- Cash Back Rewards
- Rewards Rate1–3 Points per $1
- Airline Benefits
Variable APR of 16.99% to 23.99%
The Chase Sapphire Reserve card has a slightly higher variable APR than some of the other Chase cards. This variable applies to all purchases and balance transfers, and the rate depends on your creditworthiness.
My Chase Plan Fee
This fee is the same across Chase cards and is charged at 1.72% of each transaction’s cost. This amount remains standard until the plan is paid in full.
Before completing the Chase Sapphire Reserve application, you need to be sure that you are ready to meet its high annual fee of $550 per year. You can also add authorized users to the card at a rate of $75 per year.
If you do not make your minimum payments by the due date, you will be charged a penalty APR of up to 29.99%. You’ll also pay the same rate for returned payments.
Balance Transfer Fee
The balance transfer fee for this card is $5 or 5% of the transaction amount. Typically, the largest amount of the two will be considered when computing the fee.
Cash advance Fee
The card also features a cash advance fee of $10 or 5% of the advance amount. That means if you take an advance of $300, you will pay a $15 fee.
In addition to this card, you may have other cards that are not listed in MoneyGeek’s analysis. Different people may choose different cards depending on several factors such as the fees, rewards and category-specific perks. If you are unsure about getting the Chase Sapphire Reserve card, you can compare it with other MoneyGeek recommended travel cards. To obtain the necessary information for this comparison, you can check out your last billing statement or the provider’s mobile app or online account. You may also find some useful information on the credit card agreement database, which is maintained by the Consumer Financial Protection Bureau.
Who Should & Shouldn’t Consider Chase Sapphire Reserve?
Other Considerations for Chase Sapphire Reserve
For travelers who are not planning to use the card for travel and dining, this card may not offer the best benefits and rewards.
Things to Consider if This Will Be Your First or Only Credit Card
One of the essential factors to consider before making the Chase Sapphire Reserve your first card is your creditworthiness. If you do not have exceptionally good credit, you may need to consider other options. Also, while there is a signup bonus associated with the card, you will need to spend at least $4,000 within three months to qualify.
Things to Consider if This Will Be an Additional Card in Your Wallet
The Chase Sapphire Reserve benefits are substantial for travelers who dine out regularly, either in their home city or while traveling. If you want to get this card to supplement your other cards, consider the high annual fee of $550. However, with the Chase reward program, you may save on this fee by redeeming your points for dining and travel.
MoneyGeek’s credit card assessment process incorporates various detailed steps. For this research, MoneyGeek started by collecting essential credit card data from the Consumer Finance Protection Bureau, then used this data to generate standard data points and spend profiles. We then listed the bonuses associated with each card. This information is then updated each month.
How Chase Sapphire Reserve Compares to Other Cards
The Chase Sapphire Reserve card offers travelers some of the best perks and rewards despite its annual fees. 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.
In-Depth Credit Card Comparisons:
- Chase Sapphire Reserve vs Chase Sapphire Preferred
- Chase Sapphire Reserve vs American Express Gold Card
Quick Comparison of Chase Sapphire Reserve
Chase Sapphire Reserve
- Annual fee: $550
- Purchase APR: 16.99 - 23.99%
- Signup Bonus: 60,000 points for $4,000 earned in the first three months
- Foreign transaction fee: $0
- Late Fee: $40
- Best For: Travelers seeking a card with a generous signup bonus.
American Express Platinum Card
- Annual fee: $695
- Purchase APR: 15.99 - 22.99%
- Signup Bonus: 100,000 points for $6,000 spent within the first six months
- Foreign transaction fee: $0
- Late Fee: $40
- Best For: Those seeking a travel card with a higher signup bonus, lower APR and no foreign transaction fees.
Other Helpful Decision-Making Q&As
When considering the Chase Sapphire Reserve card, you may come across several frequently asked questions. Here are some answers to the most common customer questions.
Still not sure about this card? Consider these options.
With the Chase Sapphire Reserve review from MoneyGeek, travelers can determine whether this card offers their ideal benefits and rewards. If you are still unsure of your decision to apply for this card, you can check out various other options that will give you cash back, gas rewards or general rewards.
Amazon Prime Rewards Visa Signature Card
Credit One Bank Platinum Visa
Wells Fargo Business Secured Credit Card
World of Hyatt Business Credit Card
OpenSky® Secured Visa® Credit Card
Wells Fargo Business Platinum Credit Card
Chase Freedom Unlimited
Amazon Business Card
Citi Custom Cash Card
American Express Blue Business Plus Credit Card
American Express Blue Cash Preferred Card
American Express Business Platinum Card
American Express Business Gold Card
American Express Cash Magnet Card
American Express Delta SkyMiles Blue Card
American Express Delta SkyMiles Gold Business Card
American Express Delta SkyMiles Gold Card
American Express Delta SkyMiles Platinum Business Card
American Express Delta SkyMiles Platinum Card
American Express Delta SkyMiles Reserve Business Card
American Express Delta SkyMiles Reserve Card
American Express Hilton Honors Business Card
American Express Hilton Honors Card
American Express Gold Card
American Express Hilton Honors Surpass Card
American Express Marriott Bonvoy Brilliant Card
American Express Marriott Bonvoy Business Card
American Express Plum Card
American Express The Platinum Card
U.S. Bank Altitude Connect Visa Signature Card
U.S. Bank Altitude Go Visa Signature
U.S. Bank Triple Cash Rewards Visa Business Card
Citi AAdvantage Executive World Elite Mastercard
Citi American Airlines AAdvantage MileUp Mastercard
U.S. Bank Visa Platinum
Citi AAdvantage Platinum Select World Elite Mastercard
Citi CitiBusiness AAdvantage Platinum Select Mastercard
Citi Costco Anywhere Visa Business Card
Citi Secured Mastercard
Citi Costco Anywhere Visa Card
Citi Double Cash Card
Citi Premier Card
Citi Diamond Preferred Card
Citi Rewards+ Card
Citi Simplicity Card
Chase British Airways Visa Signature
Chase Freedom Student
Chase Aer Lingus Visa Signature
Chase Freedom Flex
Chase Iberia Visa Signature
Chase IHG Rewards Club Premier
PenFed Pathfinder Rewards Visa Signature
Capital One Quicksilver Rewards
Capital One VentureOne Rewards
Capital One Quicksilver Student Rewards
Bank of America Premium Rewards Card
PenFed Platinum Rewards Visa Signature
Capital One Venture X
Chase Ink Business Preferred
Mastercard Titanium Card
Disney Premier Visa Card
Capital One Spark Miles Select
Credit One Bank Platinum Rewards Visa
Capital One Walmart Rewards Mastercard
Alliant Credit Union Cashback Visa Signature Credit Card
Alliant Credit Union Visa Platinum Card
Capital One Spark Miles
Upgrade Bitcoin Rewards Visa
Capital One Spark Cash Select
Bank of America BankAmericard
Capital One Spark Cash Select - Good Credit
Chase Ink Business Unlimited
Disney Visa Card
Chase Sapphire Reserve
Mastercard Black Card
Credit One Bank Platinum Visa for Rebuilding Credit
Capital One Platinum Secured Card
Capital One QuicksilverOne Rewards
Indigo Platinum Mastercard
USAA Rate Advantage Visa Platinum Card
Chase Southwest Rapid Rewards Performance Business
PenFed Power Cash Rewards Visa Signature Card
Navy Federal More Rewards American Express
NASCAR® American Express® Card from Credit One Bank
Indigo Unsecured Mastercard
Chase Southwest Rapid Rewards Plus
Bank of America BankAmericard for Students
Bank of America Travel Rewards for Students
Bank of America Business Advantage Travel Rewards
Chime Credit Builder Secured Visa Credit Card
Bank of America Cash Rewards for Students
Mastercard Gold Card
Navy Federal Visa cashRewards Card
Chase Southwest Rapid Rewards Premier
Capital One Journey Student Rewards
Chase Southwest Rapid Rewards Premier Business
Navy Federal Credit Union Visa Signature Flagship Rewards
Capital One Platinum Credit Card
Merrick Bank Double Your Line Secured Visa
Capital One SavorOne Rewards
Merrick Bank Secured Visa
Chase United Business
Deserve EDU Mastercard for Students
Southwest Rapid Rewards Priority Credit Card
Assent Platinum 0% Intro Rate Mastercard Secured Credit Card
Capital One SavorOne Rewards for Students
Chase United Club Infinite
Learn more about credit cards in general
- Chase Credit Cards. "Chase Sapphire Reserve Credit Card." Accessed September 4, 2021.
- Creditcards.com. "Chase Sapphire Reserve Review - Are the Benefits Worth It." Accessed September 4, 2021.
- J.D. Power. "2020 U.S. Credit Card Satisfaction Study." Accessed September 4, 2021.
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.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.