The Chase Sapphire Reserve is the ultimate card for the frequent traveler. It comes with a $300 travel credit, $100 Global Entry or TSA Precheck credit, airport lounge access via Priority Pass Select, and much more.
Chase Sapphire Reserve
Annual fee: $450
Welcome bonus: 50,000 Ultimate Rewards points ($750 in travel), after $4,000 in spend within the first 90 days of account opening
Earn 3X on travel
Earn 3X on dining
Earn 1X on everything else
Foreign transaction fees: 0%
$300 Travel credit that works on booking flights, hotels, and rideshare
$100 Global Entry/TSA Pre-Check credit
Access airport lounges via Priority Pass
Primary collision damage waiver (CDW)
Redeem Ultimate Rewards for 1.5x using the Chase Ultimate Rewards Travel Portal
If you sign up for a new card and spend $4,000 in the first 3 months, you’ll receive 50,000 Ultimate Reward (UR) points. Depending on how you redeem the points, the value of these points can range from $500 to $75000. You don't receive a signup bonus when you product change a card to the Chase Sapphire Reserve.
If you chose to redeem the UR points for cash, you’ll get 1 cents per point (CPP), meaning that 50,000 UR points turn into $500. This is useful if you’re worried about paying off the annual fee or need the money for other expenses.
When you chose to redeem the UR points for travel on Chase’s portal, you’ll get 1.5 CPP. This means that your sign up bonus is worth $750 in travel. This includes flights, hotels, cruises, and vacation packages. The cost on Chase’s travel portal is comparable to other deal sites from my experience.
The Chase Sapphire Reserve also lets you transfer your points on a 1 to 1 basis to their transfer partners. This method typically yields you 2 CPP, meaning that you’re getting $1,000 in travel.
3X on Travel and Dining
For transactions that code as travel or dining, you’ll get 3X points. Again, depending on how you value your points, this means that you’re getting 3% to 6.2% back from your travel and dining transactions.
The only cards that give you a similar cashback are the Chase Freedom which gives 5% cash back to specific categories, depending on the quarter, the Discover It which has a similar 5% bonus system (which doubles to 10% in your first year!), and the Citi Prestige (one of its main competitors for premium travel credit card).
$300 Travel Credit
Chase will automatically refund you for transactions that code as travel, up to $300 per cardmember year.
The Chase Sapphire Reserve's travel credit is the easiest to use compared to its competitors. Any transactions that code as travel including airline tickets, hotels, and ride shares will count towards the $300 travel credit. With other cards, only travel incidental fees can be applied towards the travel credit.
$100 Global Entry/TSA PreCheck Credit
The Chase Sapphire Reserve provides you with a $100 credit to cover your Global Entry costs every 4 years. Depending on if you value Global Entry, this can easily save you $100.
The $100 Global Entry/TSA Precheck credit can be applied to anyone, as long as you pay for the application with your credit card. If you have multiple cards that offer a Global Entry/TSA Precheck credit, then you can use the credits on family and friends by paying for the application.
Once you pay for the application, a $100 statement credit will be issued.
Who should get the Chase Sapphire Reserve?
You should get the Chase Sapphire Reserve if...
You travel more than 2-3 times per year
You can fully utilize the $300 travel credit
You want access to select airport lounges
How Much Are Chase Ultimate Reward Points Worth?
Chase Ultimate Rewards Redemption Rates
|Value Per Point|
|Statement Credits||1 cent|
|Cash Back||1 cent|
|Gift Cards||1+ cent|
|Travel via Chase Ultimate Rewards Travel Portal||1.5 cents|
|Airline and Hotel Transfer Partners||1.5+ cents|
UGC disclosure: These responses 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.”