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Chase Sapphire Reserve Review: A First-Class Premium Travel Card
January 18, 2017
With so many websites offering free financial tools, it can be hard to know whom to trust. At NerdWallet, we spend literally 1,000s of hours researching partner offers and following strict editorial integrity to match you with the perfect choice. We even share how we make money so you can enjoy our expert advice and researched recommendations with total clarity and confidence.
Chase Sapphire Reserve
on Chase’s secure website
Intro APR Promotions
- APR: 16.74%-23.74% Variable
- Cash Advance APR: 25.74%, Variable
Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®
- Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®
- $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
- 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. Plus, no foreign transaction fees
- Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
- 1:1 point transfer to leading airline and hotel loyalty programs
- Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
- Up to $100 application fee credit for Global Entry or TSA Pre✓®
- No blackout dates or travel restrictions – as long as there’s a seat on the flight, you can book it through Chase Ultimate Rewards
$300 Annual Travel Credit as reimbursement for travel purchases such as airfare and hotels charged to your card
Is the Chase Sapphire Reserve worth it?
The short answer? Yes, as long as you spend enough on travel and dining. But how much is enough?
The $300 credit for travel expenses paid with the card effectively reduces the annual fee by two-thirds. Let s ignore the sign-up bonus and the other perks for a minute (but only a minute).
Remember, you ll earn 3 points per dollar on travel and dining, and you can redeem points for 1.5 cents apiece through Chase Ultimate Rewards®. That means you need to spend about $3,333 on travel and dining per year to wipe out the rest of that annual fee. That s a figure that should be easy for frequent travelers to hit — especially if they eat a lot of restaurant meals while they re on the road. Any money you spend on other categories, earning a flat 1 point per dollar spent, is just gravy.
All in all, the Chase Sapphire Reserve is a great addition to Chase s suite of credit cards. It competes favorably with other premium travel cards, and the generous rewards rate paired with the better points redemption value more than justify the high annual fee.
This article has been updated. It was originally published Aug. 16, 2016.
NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.