The Chase Sapphire Reserve Card is one of the superstars of the credit card world and delivers a rich host of features and benefits. A premium credit card, it comes with a hefty $450 annual fee, a huge 50,0000-point welcome bonus, and earns 3X on travel and 3X on dining at restaurants. The card also provides lounge access through Priority Pass Select membership and is the perfect travel companion, offering no foreign transaction fees.
- 50,000 Chase Ultimate Rewards points after spending $4,000 in the first three months of card membership
- A $300 annual travel credit to cover travel purchases made with your card
- Earn 3X points on travel after earning your $300 travel credit
- Earn 3X points for dining at restaurants
- Earn 1X on all other purchases
- Airport lounge access with Priority Pass Select membership
- $100 statement credit towards Global Entry or TSA Pre✓
- 0% foreign transaction fees
- Industry-leading insurance benefits
- Visa Infinite Card
The Chase Sapphire Reserve Card comes with a generous welcome bonus of 50,000 Chase Ultimate Rewards points. You can redeem them with Chase for at a minimum $500 of value, or you can transfer them to one of Chase Ultimate Rewards’ travel partners.
$300 Travel Statement Credit
You will receive up to $300 in statement credit towards travel expenses every year with your Chase Sapphire Reserve. If you are wondering what Chase classes as travels, the list is extensive. Merchants classed as travel by Chase include airlines, hotels, car rental companies, buses, taxis, timeshares, motels, travel agencies, and many more. With so many merchants qualifying as travel, it is very simple to maximize the annual $300 of travel credit.
3X On Travel & Dining
The x earns an industry leading 3X on travel and dining. With the travel including a wide range of merchants, you have the opportunity for earning an industry leading 3X on a large number of travel-related expenses.
You also earn 3X at restaurants; while this rate is up there with the best cards on the market, you can do better (up to 4X). Although, as a package, the offering from the X still remains very attractive. Outside of travel and dining the Chase Sapphire Reserve earns 1X on all other expenses.
Airport Lounges Access
The Chase Sapphire Reserve provides you with complimentary lounge access via Priority Pass Select membership. You can access over 1,000 airport lounges around the world with your membership. When lounges are overcrowded, Priority Pass has a large number of participating restaurants worldwide (mainly in the US) that you can use your card at. Using your card at a restaurant will generally give you $28 credit off your bill towards food and drink. The Priority Pass membership provided by the Chase Sapphire Reserve allows you to bring in 2 guests to airport lounges or restaurants.
$100 Global Entry or TSA Pre✓ Credit
If you travel regularly and have not enrolled in Global Entry or TSA Pre✓, you should. The benefits of trusted traveler programs are huge and can revolutionize your airport experience. Membership can greatly smooth out your progress through an airport. The x provides you with a $100 statement credit every 4 years to be used towards either Global Entry or TSA Pre✓ enrolment fees.
Insurance Cover Benefits
The x provides a wide array of industry-leading insurance benefits, including:
- Extended Warranty Protection
- Primary Rental insurance Auto Rental Collision Damage Waiver
- Roadside Assistance
- Trip Cancellation and Trip Interruption cover
- Trip Delay cover- starts after 6 hours of delay
- Lost Luggage cover- up to $3,000 per trip
- Baggage Delay cover- $100 per day for up to 5 days
- Travel and Emergency Assistance Services
- Travel Accident Insurance
- Emergency Evacuation and Transportation
- Emergency Medical and Dental
The insurance benefits provided by the Chase Sapphire Reserve are extensive and can be a lifesaver when travelling abroad. However, as with any insurance cover, there are always exclusions, deductibles and other limitations. To get the most of your Chase Sapphire Reserve you need to become familiar with all the details of the cover provided by the card.
With an annual fee of $450, the Chase Sapphire Reserve is definitely on the expensive side. However, when you compare the host of features and benefits that come with the card, the annual fee can feel like a steal. If you spend more than $300 a year on eligible travel expenses, you are effectively paying $150 annually for the card. Compare the Chase Sapphire Reserve Card with other premium cards on the market, and the $450 annual feels like a pretty good deal.
Applying for the Chase Sapphire Reserve Card card is subject to a host of restrictions applied by Chase. There are eligibility criteria regarding welcome bonuses you have received in the past, other Chase cards you hold, and obviously, the card is subject to Chase’s 5/25 rule.
The Chase Sapphire Reserve earns Chase Ultimate Rewards; you can redeem your points directly through Chase’s travel portal or exchange them for gift vouchers or even transfer them to airline and hotel loyalty programs. Generally, the best value to be had is via transferring to partners, or directly with Chase depending on your travel goals.
The Chase Sapphire Reserve Card is a powerhouse of a card; feature-rich with great earning potential, it is one of the top cards on the market today. Combining your Chase Sapphire Reserve with either the Chase Freedom or the Chase Freedom Unlimited℠ can help you create the ultimate Chase Ultimate Rewards combo of cards and will let you leverage your spending for some excellent travel rewards.