Chase Sapphire Reserve Review and How It Works
The Chase Sapphire Reserve® is a loftier-end travel bill of fare with a large sign-upwardly bonus, lucrative statement credits, and an excellent rewards program packed with unlike airline and hotel partners. While this bill of fare has quite a few features, it also has a costly $550 annual fee. Find out if this is the credit card for yous in our Chase Sapphire Reserve® review.
This credit card is a good fit for: Travel enthusiasts who want a card that has information technology all. Those who tin can take advantage of this bill of fare's robust travel perks can get thousands of dollars in value.
TL;DR: Is the Chase Sapphire Reserve worth it?
The Chase Sapphire Reserve® is worth information technology for frequent travelers, equally it provides plenty of useful benefits and i of the virtually flexible travel rewards programs.
BEST OF 2022
Intro APR
Purchases: Northward/A
Residuum Transfers: N/A
Regular Apr
17.24% - 24.24% Variable
-
The sign-up bonus, premium rewards for travel & dining, and broad assortment of valuable travel credits brand this a compelling offer that volition start the cost of the almanac fee for many. The array of limited time offers go far even more compelling.
-
- Sign-up bonus
- Travel credits
- Airport lounge access
- Travel and dining rewards
- Flexible travel bespeak
- Almanac fee
- Bonus amount
-
- Earn 50,000 bonus points afterwards you spend $iv,000 on purchases in the showtime iii months from business relationship opening. That's $750 toward travel when yous redeem through Chase Ultimate Rewards®
- $300 Almanac Travel Credit as reimbursement for travel purchases charged to your card each account ceremony year.
- Earn 5x full points on air travel and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately subsequently the outset $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & ane point per $one spent on all other purchases
- Go fifty% more value when you redeem your points for travel through Hunt Ultimate Rewards®. For example, 50,000 points are worth $750 toward travel
- With Pay Yourself BackSM, your points are worth 50% more during the current offer when y'all redeem them for argument credits against existing purchases in select, rotating categories
- ane:1 point transfer to leading airline and hotel loyalty programs
- Access to ane,300+ airport lounges worldwide later an easy, one-fourth dimension enrollment in Priority PassTM Select and up to $100 application fee credit every 4 years for Global Entry, NEXUS, or TSA PreCheck®
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Baggage Insurance and more.
Full Chase Sapphire Reserve review
Top perks
With a long list of benefits, the Chase Sapphire Reserve® is one of the most feature-packed cards we know of.
50,000-point sign-up bonus
The Chase Sapphire Reserve® rewards y'all with 50,000 bonus points when you spend $four,000 in the first 3 months subsequently opening your account. Keep in mind that the almanac fee doesn't count toward that spending minimum.
Earn upward to 10 points per $i
This Chase credit bill of fare earns the following rewards rates:
- ten points per $1 when using your carte du jour to book hotel and auto rentals through the Chase Ultimate Rewards portal. Earning is available subsequently using your $300 annual travel credit.
- 5 points per $1 on air travel booked through Chase. Earning is bachelor afterwards the first $300 is spent on travel purchases annually.
- three points per $1 spent on other travel and dining purchases.
- ane point per $i on all other purchases.
Flexible travel points
One of the biggest advantages of Chase travel cards is the card issuer's Ultimate Rewards program, which gives yous several means to redeem your points. Here'due south what you lot can do with your points when you lot have the Chase Sapphire Reserve®:
- Transfer them to Chase'southward airline and hotel travel partners. After you lot transfer your points, y'all can make an award booking in that partner'south loyalty program.
- Redeem them through the Chase Ultimate Rewards travel portal. With the Chase Sapphire Reserve®, points are worth 50% more than the standard cash dorsum value of $0.01 per point this fashion -- a value of $0.015 per bespeak.
- Get a statement credit towards certain types of purchases through the Pay Yourself Back feature. Rewards are also worth $0.015 per point this style with the Chase Sapphire Reserve®.
Although those redemptions tend to offer the near value, at that place are also other options available, including redeeming points for cash dorsum or gift cards.
LEARN MORE: Definitive Guide to Chase Ultimate Rewards Points
$300 almanac travel credit
Chase reimburses y'all for up to $300 in travel purchases every account anniversary year. Credits are applied to your statement automatically, then there's no work required on your part.
Priority Laissez passer airport lounge admission
You'll receive a gratuitous Priority Laissez passer Select membership (a quondam account activation is required), allowing you and up to two guests admission to the program'due south airport lounges free of charge. Priority Pass has lounges in many major airports within the United States, and coverage is even better worldwide.
Run across More OPTIONS: All-time Credit Cards With Drome Lounge Access
Global Entry/TSA PreCheck credit
Chase reimburses yous either $100 for your Global Entry fee or $85 for your TSA PreCheck fee every iv years, so you can register as a trusted traveler and go through airdrome security more quickly. It's improve to sign up for Global Entry because that also includes TSA PreCheck, meaning you get the benefits of both. TSA PreCheck doesn't include Global Entry.
Larn More than: TSA PreCheck, Global Entry, and Articulate: Which Programme Is the All-time?
Cash back redemption rate
Chase Sapphire Reserve® cash back is effectively worth iii% for travel and dining, and i% on other base purchases. While cash back isn't the best use of points for about travel cards, Hunt Sapphire Reserve®'s greenbacks back charge per unit is amend than what you'd get with a competing travel card where points redeemed for cash back are worth less than $0.01 apiece.
Learn more than about the perks Hunt Sapphire Reserve offers
What could be improved
Even though the Chase Sapphire Reserve® is among the best travel credit cards, it'south not without its drawbacks.
Almanac fee
The Chase Sapphire Reserve®'s annual fee is $550. This fee is justifiable for travelers who can take advantage of the perks, but it is worth considering the value y'all can get out of the card before applying.
Bonus amount
A welcome bonus of 50,000 points certainly isn't bad, but for a card with such a high annual fee, it could exist better. Multiple other premium credit cards offer bigger bonus amounts. Even the Chase Sapphire Preferred® Carte du jour, which has a much lower almanac fee, offers a larger bonus.
Meet More than: Best Sign-Up Bonus Credit Cards
Alternatives to consider
If you want to pay a lower annual fee: The Chase Sapphire Preferred® Card is the sister card of the Hunt Sapphire Reserve® with a lower annual fee. This card earns premium points in many of the same categories, too as an ceremony points bonus and $fifty annual hotel credit. The bonus value for Chase redemptions are slightly lower (25% points bonus).
If y'all want a more than valuable sign-upwardly bonus: The Capital I Venture 10 Rewards Credit Card offers new cardholders a bigger sign-up bonus. This premium travel card also has a $300 annual travel credit, plus Capital letter 1 kicks in 10,000 bonus miles every business relationship anniversary.
Equally of Apr. 01, 2022
| | |
| Chase Sapphire Preferred® Menu | Capital One Venture X Rewards Credit Card |
| Rating image, 4.l out of five stars. 4.l stars We want your money to piece of work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. | Rating image, iv.50 out of 5 stars. four.50 stars We want your coin to work harder for y'all. Which is why our ratings are biased toward offers that evangelize versatility while cut out-of-pocket costs. |
| Apply Now for Chase Sapphire Preferred® Card On Chase's Secure Website. | Employ Now for Capital One Venture X Rewards Credit Carte On Uppercase One'due south Secure Website. |
| Read Total Review | Read Full Review |
| Credit Rating Requirement: Skilful/Splendid (670-850) | Credit Rating Requirement: Excellent (740-850) |
| Welcome Offer: 80,000 points | Welcome Offer: 75,000 miles |
| Rewards Program: 1x - 5x points | Rewards Program: 2x - 10x miles |
| Intro April: Purchases: N/A Balance Transfers: N/A | Intro Apr: Purchases: N/A Balance Transfers: Due north/A |
| Regular APR: 16.24% - 23.24% Variable | Regular APR: 17.24% - 24.24% Variable |
| Annual Fee: $95 | Annual Fee: $395 |
| Highlights:
| Highlights:
|
| Apply Now for Chase Sapphire Preferred® Card On Chase's Secure Website. | Apply Now for Capital One Venture Ten Rewards Credit Menu On Capital One's Secure Website. |
Show More  Show Less  | |
Find the best credit bill of fare for your needs
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
Is the Hunt Sapphire Reserve'southward annual fee worth information technology?
The Hunt Sapphire Reserve®'south $550 annual fee puts a solid paring in your wallet. For that fee to exist worth it, you'll need to use most or all of the carte du jour's benefits.
For the starting time year, the carte du jour easily justifies its cost. The sign-up bonus alone is worth $750 towards travel. Once you add in the $300 annual travel credit and a $100 reimbursement for a Global Entry membership, y'all're already getting over $one,100 in value -- more than twice the almanac fee.
After that first yr, it isn't quite and so clear cut. The $300 travel credit brings the carte'south cost down to $250 per year afterwards the annual fee. If yous earn about 17,000 Ultimate Rewards points, those will exist worth more than the annual fee.
Here'southward a simple style to look at it -- if yous plan to use the Chase Sapphire Reserve® for nearly of your expenses, its value will likely outweigh the annual fee. If you lot're going to use multiple height credit cards, then yous'll need to do the math to run into if the annual fee makes sense for yous.
READ MORE: Is the Chase Sapphire Reserve® Worth the $550 Annual Fee?
Compare to other popular travel cards: Chase Sapphire Reserve® vs. The Platinum Carte® from American Limited
The Hunt Sapphire Reserve is Not worth information technology if…
You don't travel ofttimes: Many of this bill of fare'due south benefits are travel related. It merely makes sense for cardholders who travel multiple times per year and are sure to utilise the $300 almanac travel credit. Everyone else should go along browsing credit card reviews to notice a more than suitable option.
You carry a credit card balance: Interest charges will always cost you more than than any credit bill of fare rewards you earn. To come up out ahead with the Chase Sapphire Reserve®, you lot need to pay off your full residuum consistently so you don't get charged whatever interest.
You're on a tight budget: This Chase card can be worth the annual fee, only it's still a sizable 1 at $550 per year. If y'all're trying not to spend besides much, so yous're ameliorate off with a more than affordable bill of fare.
Suggested credit score
A FICO® Score of 670 or higher is recommended to secure approval for the Chase Sapphire Reserve®. The higher your score is, the ameliorate, and a credit score of at to the lowest degree 700 gives you the all-time Chase Sapphire Reserve® approving odds.
Information technology's possible to go approved with a lower score, as applicants take reported approval with scores in the mid and even low-600s. Hunt volition also consider your income and debts when making its decision.
Hunt credit cards are field of study to a special application rule that the card issuer has. If you've already opened v or more credit cards during the previous 24 months, you likely won't meet Chase'south approval requirements and your application will be denied.
LEARN MORE: A Guide to Chase's five/24 Rule
The Chase Sapphire Reserve is right for you lot if:
You travel often and y'all want a premium credit card packed with benefits. In particular, this Chase card is a nifty choice if almost or all of the following are true:
- You normally travel 3 or more times per yr.
- You spend quite a bit on travel and dining.
- Yous can take advantage of this card'southward air travel perks, including airport lounge admission and a credit for a Global Entry or TSA PreCheck membership.
- You want versatile travel points that yous tin can transfer to your favorite hotel and airline brands.
Considering its annual fee, the Chase Sapphire Reserve® won't be correct for everyone. But if its features fit your lifestyle, information technology could be your ticket to big savings and an improved travel experience.
FAQs
-
The credit limit for the Chase Sapphire Reserve® ranges from $10,000 to over $fifty,000. The minimum starting credit limit is $10,000 considering information technology's a Visa Infinite menu. When you're canonical for the carte du jour, Chase sets a credit limit based on your income and credit history.
-
Yes, the Chase Sapphire Reserve® card is fabricated of metal.
-
Aye, you tin utilise the Hunt Sapphire Reserve® internationally, and it doesn't charge a strange transaction fee.
The Motley Fool owns shares of and recommends Visa.
Source: https://www.fool.com/the-ascent/credit-cards/chase-sapphire-reserve-review/
0 Response to "Chase Sapphire Reserve Review and How It Works"
Post a Comment