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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.
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)
Exceptional point rewards for dining and travel through Chase Ultimate Rewards
Boosted redemption value for travel
Substantial signup bonus
Exclusive luxury perks for travelers
Travel and purchase protection
Annual travel credit
High annual fee
No introductory APR period
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.
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.
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.
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.
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
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
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
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