Chase Sapphire Reserve review: Is it worth it? |


Points as welcome Sapphire offer

16.ninety nine% to 23.99%

Purchase APR (variable)

DetailsFeaturesFeesAnnual price$550Welcome Offer60,000 factors after spending $four,000 inside the first 3 months, a fee of up to $900 thru Chase Ultimate Rewards.Rewards10x points on Lyft rides, 3x factors on eating and travel after incomes your $three hundred journey credit and 1x points on all different purchasesPurchase APR16.ninety nine% to 23.99% variableBalance switch APR16.99% to 23.99% variableRecommended minimum credit score score740 IssuerVisaCash increase rate24.99% variableCash develop price$10 or five% of the coins increase amount, whichever is greaterPenalty APRUp to 29.99% variableForeign transaction feeNoneInterest unfastened periodUp to 21 daysLate price feeUp to $39Returned fee feeUp to $39Additional cardholder rate$75Security depositN/ARates & feesTerms practice, see costs & charges

Review by way of

Steven [email protected]

Steven Dashiell is a writer at Finder specializing in all matters credit score cards. With extra than 300 articles under his belt, he targets to help readers include credit playing cards and maximize their rewards. Steve is analyzing to end up a Certified Educator in Personal Finance, and is a common face on Finder’s Sapphire YouTube channel, supplying the brand new in credit card hacks and recommendation. His know-how has been featured on numerous retailers, inclusive of U.S. News & World Report, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and extra.

Expert assessment

The Chase Sapphire Reserve® is the most suitable travel rewards supplying beneath the Ultimate Rewards banner. For the $550 annual charge, it comes with a 60,000-factor welcome provide when you spend $4,000 inside your first 3 months of account opening, 3x points on tour and eating, a $300 annual announcement credit score, $a hundred closer to the application charge for Global Entry or TSA Pre-Check, and endless extra tour perks.

This card is, in reality, the second one credit card I ever decided to feature to my wallet. That would possibly sound a chunk risky based totally on the card’s annual charge, however I knew there has been nothing to fear approximately just through analyzing the card’s functions: This card sweats fee into your wallet so long as you’re the use of the cardboard’s benefits. Case in factor: I without delay used the $three hundred announcement credit to pay for my associate and I’s annual ride to the east coast. Think of it as shaving $three hundred off the annual fee of the cardboard – journey once with Sapphire this credit score and also you handiest should generate any other $250 in fee to make up for the cardboard’s fee. We did this handily by means of signing up for the card’s complimentary Priority Pass Select club, that’s a value of over $four hundred. All instructed, this card more than paid for itself inside the first flight I took after getting the card.

This card has constantly demonstrated its value inside the years when you Sapphire consider that I’ve had it: I’ve on the grounds that earned free services and breakfast at inns from the Luxury Hotel and Resort Collection, enjoyed a complimentary complete year of Lyft Pink, had several free food via DoorDash and regularly redeem my earned points at 1.5x price thru the Chase Travel Portal. Not even COVID-19 travel regulations COVID-19 hurt this card’s fee as Chase moved quickly to add temporary benefits and methods to spend credits. If you’re in the Chase atmosphere otherwise you’re virtually looking for one of the pinnacle luxury journey playing cards on the market, the Chase Sapphire Reserve® is a no brainer.

Applying for the Chase Sapphire Reserve® is simple and easy. First, to qualify, you’ll need as a minimum an great credit score score of 740 or better. Then, clearly comply with these steps:

Click Apply now.Fill out the desired records and click Submit.Earn Ultimate Rewards points. The Chase Sapphire Reserve® earns 3x points on eligible journey and eating purchases. This is a first-rate earning fee, specially given the cost of Ultimate Rewards factors. The Sapphire Reserve now additionally earns 10x factors on Lyft vehicle rides, a remarkable incomes price and the various maximum to be had for journey-shares.Welcome provide. Spend $4,000 within your first three months of account starting and you’ll earn a vast 60,000 Ultimate Rewards factors. That is more or less a $900 value when you redeem those thru the Chase Travel portal.Higher points price on tour redemption. Redeem your factors on travel purchases thru the Chase Ultimate Rewards portal and get 50% better factors cost. You also get 50% better redemption cost on groceries, eating (along with shipping and takeout), domestic development stores (such as Home Depot or Lowes) and donations to eligible charities with the Pay Yourself Back characteristic, that’s available till September 30, 2021. This makes your 3x factors on journey and eating be well worth 4.5x, that’s one of the highest charges you can earn with a credit card.Statement credit. Each year you’ll enjoy $three hundred returned in statement credit on travel purchases. Plus your first yr and every four years thereafter, you’ll acquire a $a hundred announcement credit score towards the utility price for TSA PreCheck or Global Entry. And till December 31, 2021, earn up to $120 in declaration credit on Peloton Digital and All Access Memberships.Travel perks. This card gives numerous tour benefits, together with Priority Pass membership, a yr of Lyft Pink and DashPass by means of DoorDash club, concierge carrier and journey protections. Many of those, along with the Priority Pass membership, are really worth masses of greenbacks on their personal, so taking gain of those is a easy manner to make up for the fee of the cardboard.Transfer points to companions. Transfer your points to airline and motel partners in 1:1 ratio. Partners include IHG, Marriott, Hyatt, United Airlines, Southwest, Jet Blue and extra. Sometimes, shifting your factors can get you the exceptional value on your factors.Travel insurance. As a cardholder, you get access to a host of tour insurances presented via Chase. This includes bags delay coverage, lost baggage compensation, car condo collision harm waiver, emergency evacuation and transportation, journey cancellation and journey interruption coverage and trip put off reimbursement.Peloton benefits. From now till March 2022, earn 10x points on each Peloton Bike, Tread and accent you buy for over $1,800. However, you’re capped at a most of 50,000 points, which is $five,000 spent with this provide. Also, you earn up to $120 in declaration credits on Peloton virtual or all-get admission to membership through December 31, 2021.Annual fee. The Chase Sapphire Reserve® needs a $550 annual fee from cardholders. Generally, this won’t be a problem in case you tour and take gain of the card’s perks. Although, if you’re an rare tourist, you would possibly find it tough to get sufficient cost out of the card to cowl the yearly fee.No intro APR. While no longer a massive deal for a rewards card, a loss of intro APR way you’ll want to start paying back hobby on balances at once after commencing your card. Considering you’ll need to shoot for the welcome offer as properly, you’ll want to take care to repay your balance in complete to avoid unwanted hobby.High credit score score necessities. You’ll need an great credit score rating to get this card.Is the annual charge well worth it?

Absolutely. When my companion and I implemented for this card, we made certain to achieve this a few months in advance of a planned pass-united states journey.

Once we received the cardboard, we booked our flights the use of it, right away taking advantage of the $300 journey credit — a giant part of our annual rate. Really, even a single journey can assist take the chew from your annual fee in case you take advantage of all the card’s features.

Here’s a take a look at how the Sapphire Reserve stacks up to the Chase Sapphire Preferred® Card and the American Express® Gold Card, which are other famous tour card options.

Chase Sapphire Reserve®


Finder Rating: 4.6 / 5

Terms apply, see rates & feesGo to Sapphire website online

Minimum credit score score


Annual charge


Purchase APR

sixteen.ninety nine% to 23.ninety nine% variable

Balance switch APR

16.99% to 23.99% variable


10x factors on Lyft rides, 3x factors on eating and travel after incomes your $300 tour credit score and 1x factors on all other purchases

Welcome offer

60,000 factors after spending $4,000 in the first 3 months, a cost of as much as $900 via Chase Ultimate Rewards.

Chase Sapphire Preferred® Card


Finder Rating: four.three / 5

Terms practice, see prices & feesGo to website

Minimum credit rating


Annual rate


Purchase APR

15.ninety nine% to 22.ninety nine% variable

Balance transfer APR

15.99% to 22.99% variable


5x factors on Lyft, 2x points on tour and eating and 1x factors on all other purchases

Welcome offer

one hundred,000 factors after spending $four,000 in the first 3 months. That’s $1,250 whilst you redeem via Chase Ultimate Rewards®


The Chase Sapphire Reserve® is a favored card from users throughout quite a few social media. Many clients tout the beneficiant journey credits and signup bonus as massive elements in their happiness with the cardboard, with several users on Reddit recommending common travelers upgrading from the Chase Sapphire Preferred.


Among social media court cases for the Chase Sapphire Reserve®, some cardholders felt the card wasn’t worth the high annual rate. Others complained about a lack of living room coverage via the Priority Pass software — a sting felt via yours genuinely. Finally, a few cardholders felt Chase customer support changed into lacking after they encountered problems.

The Chase Sapphire Reserve® is a tour rewards workhorse. It gives lots of methods to earn Ultimate Rewards points on top of its base incomes price. Moreover, it also permits you to redeem earned Chase rewards at a higher charge than common, or even switch your factors to other eligible rewards applications.

The call of the game with making the maximum of your points is pairing up your Chase rewards cards. By pairing up the Chase Freedom Unlimited with the Chase Sapphire Reserve, you could earn larger rewards on purchases you wouldn’t earn otherwise earn increased rewards on. And from there, you may move the factors you earn at the Unlimited over to the Reserve, allowing you to redeem those points for extra fee. Check out our Chase Trifecta manual for extra information on maxing your rewards.

The Chase Freedom Unlimited® can also prove useful for this technique, offering a steadier 1.five% base cashback instead of rotating classes, similarly to the equal increased categories because the Chase Freedom Flex℠.

Chase restricts cardholders to most effective one Sapphire card per individual. There are some things to be aware approximately this ruling:

If you want to move from a Sapphire Preferred to a Sapphire Reserve or vice versa, you’ll want to apply for a product exchange.If you are making a product trade up or down, you may’t earn the welcome provide in your new card.If you closed a Sapphire card, you’ll need to attend upwards of 4 years before you could qualify for any other Sapphire.

With a fantastic signup bonus, a strong incomes price on travel and eating, more than $three hundred in statement credit and a plethora of travel perks, the Chase Sapphire Reserve® is extra than worth it slow if you’re a common visitor. And in case you had been like me and hardly traveled much in advance, this card’s blessings might motivate you to go out and notice the arena. Or a minimum of, go to your circle of relatives on occasion.

If you want the perks mentioned right here but don’t pretty tour enough to make this card really worth it, compare rewards playing cards to locate one that high-quality fits your needs.

Compare Chase Sapphire Reserve® with other playing cards

Do my reward points expire?Your reward points don’t expire as long as there’s no change in your account repute.

Is there qualifying criteria to get complimentary airport lounge access?No, but you’ll want to sign up for Priority Pass Select.

How many interest-free days do I get on purchases?There might be an opening of as a minimum 21 days among your subsequent due date and the near of the preceding billing cycle. If you pay the whole stability from purchases at some point of this era, you gained’t pay interest for your prices.

What is the Chase Sapphire Reserve phone number?If you’ve got issues along with your card, call 800-432-3117. This isn’t a dedicated Chase Sapphire Reserve® number, but it’s Chase’s guide line for private credit playing cards.

Credit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our group evaluates credit playing cards to decide their cost in opposition to similar playing cards available on the market.

We rank card kinds — tour, coins back, business — on a hard and fast of factors that are most applicable to that type of card. We create these scores that will help you narrow down a credit score card that exceptional suits your spending and budget.

Learn the information of our technique and scoring.

Why you can agree with this overview

At Finder, we price and admire our editorial independence. We hold our critiques completely factualso you can use them to make higher selections. While we may additionally get hold of revenue and referral costs fromadvertising and affiliate hyperlinks, advertisers do no longer approve our evaluations.

Learn more in our editorial guidelines.

Leave a Reply

Your email address will not be published.