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Chase Sapphire Reserve® Full Review
The new Chase Sapphire Reserve® comes with a bevy of benefits, travel credits, and increased earn rates. It also comes with a new $795 annual fee, a litany of credits, 4x on hotels and airfare booked direct, 3x dining, lounge access with 2 guests, but is it worth it compared to having the Chase Sapphire Preferred® Card?
In the past few years we have seen an onslaught of super premium card offerings from Chase, Amex, Citi, and Capital One. Recently we saw the Capital One Venture X gut their lounge access, and while I’d still argue that its the most straight forward super premium card for most people, the New Chase Sapphire Reserve® comes with a ton of benefits that could make it a very good value proposition to you if you utilize them.
Eligibility: If you have ever gotten a Sapphire Reserve bonus or you currently hold a Sapphire product, you’re ineligible for the bonus. If you currently have a Sapphire product, you can downgrade and once that product converts, you are then eligible for this bonus.
Chase Sapphire Reserve®
The Chase Sapphire Reserve® is the grandaddy of all Chase cards. It’s a super premium card that comes with a bevy of benefits, travel credits, increased earn rates, and points worth 1.5c in Chase Travel℠.
Eligibility: If you have ever gotten a Sapphire Reserve bonus or you currently hold a Sapphire product, you’re ineligible for the bonus. If you currently have a Sapphire product, you can downgrade and once that product converts, you are then eligible for this bonus.
Welcome Offer
Earn 100,000 bonus points + $500 Chase Travel℠ promo credit after you spend $5,000 on purchases in the first 3 months from account opening
Annual Fee
$550
Points Earned
Transferrable Ultimate Rewards
Annual Fee
- Annual Fee of $795
- Authorized Users are $195
Credits
- $300 Annual Travel Credit
- $500 annual The Edit℠ credit
- Chase Travel℠’scollection of over 1,100 hand-picked hotels and resorts
- Get up to $250 in statement credits from January through June, and again from July through December for a maximum of $500 annually for prepaid bookings made with The Edit℠.
- Two-night minimum
- Purchases that qualify will not earn point
- $300 annual dining credit and primetime reservations at Sapphire Reserve Exclusive
- Tables, available for booking on OpenTable
- Split into 2 $150 credits every 6 months
- $250 annual value through complimentary subscriptions to Apple TV+ and Apple Music
- $300 annual StubHub credit on concert and event
- $120 application fee credit every four years for
- Global Entry, NEXUS, or TSA PreCheck(R).
- $120 Peloton credit
- $10 monthly credit
- $120 Lyft credits
- $10 monthly credit
Earning + Benefits
- 8x points on all Chase Travel℠ purchases
- 4x on hotels and airfare booked direct
- 3x on dining
- 1x on everywhere
- Redeem points via Chase Travel℠ and new program Points Boost where members may get up to 2x
- IHG One Rewards Platinum Status
- Lounge
- Enjoy complimentary access to every Chase Sapphire Lounge by The Club with up to two guests,
- Access to 1,300+ Priority PassTM airport lounges worldwide.
- Also get access to select Air Canada Maple Leaf Lounges and Air Canada Cafés in the U.S., Canada and Europe with an eligible boarding pass
- No Fx fees
- Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Spend over $75k annually
- IHG One Rewards Diamond status
- Southwest Airlines A-List status
- $500 Southwest credits
- redeemable within Chase Travel℠
When the Chase Sapphire Reserve® first hit the market in 2016 it had a 100k offer, but the highest in recent years has been 80k after $4k spend in 3 months.
We keep an up to date spreadsheet that lists what the highest offers: You can find that spreadsheet here.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The new Chase Sapphire Reserve® comes with a bevy of benefits, travel credits, and increased earn rates. It also comes with a new $795 annual fee, a litany of credits, 4x on hotels and airfare booked direct, 3x dining, lounge access with 2 guests
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash , Ink Business Unlimited you can combine the points into Preferred account and transfer into hotel and airline partners.
Personally, I think the Chase Sapphire Preferred® may offer more value for the annual fee, and if you want the super premium benefits, take a look at the Capital One Venture X to pair with it.
Table of Contents
What are the new Chase Sapphire Reserve® details?
Annual Fee
- Annual Fee of $795
- Authorized Users are $195
Credits
- $300 Annual Travel Credit
- $500 annual The Edit℠ credit
- Chase Travel℠’scollection of over 1,100 hand-picked hotels and resorts
- Get up to $250 in statement credits from January through June, and again from July through December for a maximum of $500 annually for prepaid bookings made with The Edit℠.
- Two-night minimum
- Purchases that qualify will not earn point
- $300 annual dining credit and primetime reservations at Sapphire Reserve Exclusive
- Tables, available for booking on OpenTable
- Split into 2 $150 credits every 6 months
- $250 annual value through complimentary subscriptions to Apple TV+ and Apple Music
- $300 annual StubHub credit on concert and event
- $120 application fee credit every four years for
- Global Entry, NEXUS, or TSA PreCheck(R).
- $120 Peloton credit
- $10 monthly credit
- $120 Lyft credits
- $10 monthly credit
Earning + Benefits
- 8x points on all Chase Travel℠ purchases
- 4x on hotels and airfare booked direct
- 3x on dining
- 1x on everywhere
- Redeem points via Chase Travel℠ and new program Points Boost where members may get up to 2x
- IHG One Rewards Platinum Status
- Lounge
- Enjoy complimentary access to every Chase Sapphire Lounge by The Club with up to two guests,
- Access to 1,300+ Priority PassTM airport lounges worldwide.
- Also get access to select Air Canada Maple Leaf Lounges and Air Canada Cafés in the U.S., Canada and Europe with an eligible boarding pass
- No Fx fees
- Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Spend over $75k annually
- IHG One Rewards Diamond status
- Southwest Airlines A-List status
- $500 Southwest credits
- redeemable within Chase Travel℠
I use Chase Ultimate Rewards to transfer to Hyatt to stay at incredible places like the Alila Villas Uluwatu in Bali
Do you qualify for the new Chase Sapphire Reserve® ?
First things first…Chase has quite stringent sign up rules for their Sapphire Products in general which includes their flagship Sapphire Reserve Let’s break those down.
What kind of credit score do you need for New Chase Sapphire Reserve®?
It’s our opinion that you should be good to go as long as you’re over 720 – nothing is published on this though.
What are the sign up rules for the New Chase Sapphire Reserve®?
So these rules are quite convoluted and I’ll try my best to make them clear.
5/24
- Almost all of Chase’s cards are a part of their 5/24 rule. This means that you can not sign up if you have opened more than 5 credit cards in the last 24 months.
You can get the card, but you won’t get a bonus if:
- If you’ve received a Sapphire Reserve bonus in the past
- If you currently hold a Sapphire ( either CSP or CSR )
You can get the bonus if
- You’ve never received a Sapphire Reserve bonus in the past
- You currently have a Sapphire Preferred and you downgrade
- once that card converts internally, you are eligible for the Sapphire Reserve bonus
- this should take a week or two, but could take longer
- if you ever got the Sapphire Reserve bonus in the past, you’re ineligible for the bonus
Chase Sapphire Reserve®
The Chase Sapphire Reserve® is the grandaddy of all Chase cards. It’s a super premium card that comes with a bevy of benefits, travel credits, increased earn rates, and points worth 1.5c in Chase Travel℠.
Eligibility: If you have ever gotten a Sapphire Reserve bonus or you currently hold a Sapphire product, you’re ineligible for the bonus. If you currently have a Sapphire product, you can downgrade and once that product converts, you are then eligible for this bonus.
Welcome Offer
Earn 100,000 bonus points + $500 Chase Travel℠ promo credit after you spend $5,000 on purchases in the first 3 months from account opening
Annual Fee
$550
Points Earned
Transferrable Ultimate Rewards
Annual Fee
- Annual Fee of $795
- Authorized Users are $195
Credits
- $300 Annual Travel Credit
- $500 annual The Edit℠ credit
- Chase Travel℠’scollection of over 1,100 hand-picked hotels and resorts
- Get up to $250 in statement credits from January through June, and again from July through December for a maximum of $500 annually for prepaid bookings made with The Edit℠.
- Two-night minimum
- Purchases that qualify will not earn point
- $300 annual dining credit and primetime reservations at Sapphire Reserve Exclusive
- Tables, available for booking on OpenTable
- Split into 2 $150 credits every 6 months
- $250 annual value through complimentary subscriptions to Apple TV+ and Apple Music
- $300 annual StubHub credit on concert and event
- $120 application fee credit every four years for
- Global Entry, NEXUS, or TSA PreCheck(R).
- $120 Peloton credit
- $10 monthly credit
- $120 Lyft credits
- $10 monthly credit
Earning + Benefits
- 8x points on all Chase Travel℠ purchases
- 4x on hotels and airfare booked direct
- 3x on dining
- 1x on everywhere
- Redeem points via Chase Travel℠ and new program Points Boost where members may get up to 2x
- IHG One Rewards Platinum Status
- Lounge
- Enjoy complimentary access to every Chase Sapphire Lounge by The Club with up to two guests,
- Access to 1,300+ Priority PassTM airport lounges worldwide.
- Also get access to select Air Canada Maple Leaf Lounges and Air Canada Cafés in the U.S., Canada and Europe with an eligible boarding pass
- No Fx fees
- Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Spend over $75k annually
- IHG One Rewards Diamond status
- Southwest Airlines A-List status
- $500 Southwest credits
- redeemable within Chase Travel℠
When the Chase Sapphire Reserve® first hit the market in 2016 it had a 100k offer, but the highest in recent years has been 80k after $4k spend in 3 months.
We keep an up to date spreadsheet that lists what the highest offers: You can find that spreadsheet here.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The new Chase Sapphire Reserve® comes with a bevy of benefits, travel credits, and increased earn rates. It also comes with a new $795 annual fee, a litany of credits, 4x on hotels and airfare booked direct, 3x dining, lounge access with 2 guests
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash , Ink Business Unlimited you can combine the points into Preferred account and transfer into hotel and airline partners.
Personally, I think the Chase Sapphire Preferred® may offer more value for the annual fee, and if you want the super premium benefits, take a look at the Capital One Venture X to pair with it.
Is this the best offer we’ve offer seen?
See our best offer spreadsheet for more data
What is the Annual fee?
The annual fee is $795 and is not waived for the first year.
$300 Annual Travel Credit
This an annual travel credit that is issued per anniversary year is credited toward any travel purchase you make on the card. This differs from other card issuers who stipulate that purchases must be in a portal. The Sapphire Reserve does not. Here is how Chase defines travel
Merchants in the travel category include airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages
Rent a Tesla and use your Sapphire Reserve …you’ll trigger your $300 travel credit
$500 Annual “The Edit℠” Credit
- $500 annual The Edit℠ credit
- Chase Travel℠’s collection of over 1,100 hand-picked hotels and resorts
- Split into 2 credits every 6 months of $250
- Must be a 2 night stay
Chase Sapphire Reserve® Earn Rates
1x Everywhere
The Chase Sapphire Reserve® earns 1x on every single purchase, but earns increased earn rates on select categories:
4x Hotels and Airfare booked direct
As long as you book direct with the airline or hotel, you’ll trigger 4x points. This is a big deal on airlines like British Airways, which is a transfer partner, since they charge high taxes and fees even when you book with points. I’d earn 4x points on those fees which is great!
Chase Travel℠ earns 8x
When you book travel via the travel portal you will earn at the following rate
- 8x across the board
Redeeming Chase Ultimate Rewards with the Chase Sapphire Reserve®
Chase has implemented a new program called Points Boost where Select travel will be redeemable at a 2c per point valuation in Chase Travel(SM) – all other travel will be a penny per point.
Transferring points
Chase offers some of the richest points in the business with a great list of both domestic and international partners. With partners like Hyatt, United, Southwest, Marriott, and IHG I believe they have some of the easiest to redeem points.
I have used Chase Ultimate Rewards to fly in some of the world’s best first class products as well as stay in incredible 5 star hotels via transferring points like Emirates First Class
Chase Sapphire Reserve®
The Chase Sapphire Reserve® is the grandaddy of all Chase cards. It’s a super premium card that comes with a bevy of benefits, travel credits, increased earn rates, and points worth 1.5c in Chase Travel℠.
Eligibility: If you have ever gotten a Sapphire Reserve bonus or you currently hold a Sapphire product, you’re ineligible for the bonus. If you currently have a Sapphire product, you can downgrade and once that product converts, you are then eligible for this bonus.
Welcome Offer
Earn 100,000 bonus points + $500 Chase Travel℠ promo credit after you spend $5,000 on purchases in the first 3 months from account opening
Annual Fee
$550
Points Earned
Transferrable Ultimate Rewards
Annual Fee
- Annual Fee of $795
- Authorized Users are $195
Credits
- $300 Annual Travel Credit
- $500 annual The Edit℠ credit
- Chase Travel℠’scollection of over 1,100 hand-picked hotels and resorts
- Get up to $250 in statement credits from January through June, and again from July through December for a maximum of $500 annually for prepaid bookings made with The Edit℠.
- Two-night minimum
- Purchases that qualify will not earn point
- $300 annual dining credit and primetime reservations at Sapphire Reserve Exclusive
- Tables, available for booking on OpenTable
- Split into 2 $150 credits every 6 months
- $250 annual value through complimentary subscriptions to Apple TV+ and Apple Music
- $300 annual StubHub credit on concert and event
- $120 application fee credit every four years for
- Global Entry, NEXUS, or TSA PreCheck(R).
- $120 Peloton credit
- $10 monthly credit
- $120 Lyft credits
- $10 monthly credit
Earning + Benefits
- 8x points on all Chase Travel℠ purchases
- 4x on hotels and airfare booked direct
- 3x on dining
- 1x on everywhere
- Redeem points via Chase Travel℠ and new program Points Boost where members may get up to 2x
- IHG One Rewards Platinum Status
- Lounge
- Enjoy complimentary access to every Chase Sapphire Lounge by The Club with up to two guests,
- Access to 1,300+ Priority PassTM airport lounges worldwide.
- Also get access to select Air Canada Maple Leaf Lounges and Air Canada Cafés in the U.S., Canada and Europe with an eligible boarding pass
- No Fx fees
- Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Spend over $75k annually
- IHG One Rewards Diamond status
- Southwest Airlines A-List status
- $500 Southwest credits
- redeemable within Chase Travel℠
When the Chase Sapphire Reserve® first hit the market in 2016 it had a 100k offer, but the highest in recent years has been 80k after $4k spend in 3 months.
We keep an up to date spreadsheet that lists what the highest offers: You can find that spreadsheet here.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The new Chase Sapphire Reserve® comes with a bevy of benefits, travel credits, and increased earn rates. It also comes with a new $795 annual fee, a litany of credits, 4x on hotels and airfare booked direct, 3x dining, lounge access with 2 guests
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash , Ink Business Unlimited you can combine the points into Preferred account and transfer into hotel and airline partners.
Personally, I think the Chase Sapphire Preferred® may offer more value for the annual fee, and if you want the super premium benefits, take a look at the Capital One Venture X to pair with it.
Lounge Access – Chase Sapphire Lounge® by The Club + Priority Pass
Access
- Chase Sapphire Reserve, J.P. Morgan Reserve and The Ritz-CarltonTM Credit Card primary cardmembers and authorized users have lounge access with their complimentary Priority PassTM membership.
- Sapphire Reserve and J.P. Morgan Reserve cardmembers may bring up to two guests per visit for free, and additional guests for $27.
- There’s no additional charge for children under two.
- Ritz-Carlton cardmembers may bring unlimited guests at no charge.
- Access is based on lounge capacity
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Chase Sapphire Reserve® Travel Protections
| Primary rental car coverage, up to $75k, some exclusions |
Trip Cancellation
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Trip Delay
|
Baggage delay
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Lost Baggage
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Emergency Medical
|
Purchase Protection
|
Overall
The Sapphire Reserve is a super premium card that comes with an incredible amount of benefits and when you factor in this new increased welcome offer, I think you can justify getting it over the Chase Sapphire Preferred® Card for at least the first year.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 75,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Points Boost
- each account anniversary you’ll earn bonus points equal to 10% of your total purchases made the previous year
- Points are transferrable to 14 Ultimate Rewards partners
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Complimentary DashPass which unlocks $0 delivery fees & lower service fees for a min. of one year when you activate by 12/31/27. Plus, a $10 promo each month on non-restaurant orders
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.