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Chase Sapphire Reserve Review

Chase Sapphire Reserve

This is the best Travel Premium card you can ever have.

General information about the Chase Sapphire Reserve℠

Chase Sapphire Reserve

Although the sign-up bonus offered by this card is now cut in half, the card is still very beneficial to perspective cardholders. It comes with a very appealing rewards rate of 4.5% as well as a set of other perks. For example, $300 statement travel credit. There is one thing to be aware of – the need to pay $450 each year as an annual fee. In case you’re a regular traveler, it’ll be quite easy for you to offset the fee. Therefore, it doesn’t matter that much.

The card was first introduced to the market in 2016. It almost instantly gained popularity and its popularity didn’t decrease up to now. The reason for it is obvious – the card comes with the advantages that are hard to beat.

You may have already guessed that the card is a better version of the Chase Sapphire Preferred®. Once you get it, you’ll have the privilege of enjoying a bigger sign-up bonus and more freedom in terms of redemption options. However, it also implies a high annual fee to pay that not all people will be ready to pay.

Below we provide a detailed information on the features of the card, as well as its benefits. We also compared the card with its “alternative” – The Chase Sapphire Preferred.

Basic features of the card

The Chase Sapphire Reserve℠ allows you to choose any airline or hotel where you’d like to stay during your trip. This is what many people look for in a travel card. In other words, they want to be able to earn rewards while being able to choose what they like and not what the card requires them to choose. Since this is a premium card, it’s often compared with its competitors such as the Citi Prestige® Card and The Platinum Card® from American Express.

Like these 2 cards it has a rather high annual fee of $450. Well, for some people it may seem to be rather steep. The truth is that its effective rate and top-class perks make it easy for a person to offset it. This is, of course, only under the condition that he/she makes purchases with the card regularly.

Due to the fact that there is a big sign-up bonus waiting for you, there is no need for you to worry about offsetting the annual fee for the 1st year. It’s stated that you’ll be rewarded 50,000 bonus points. If you’re aimed at getting the reward, you should focus on trying to spend at least $4,000 during the period of the first 3 months of you using the card. Once you redeem your bonus, you’ll get $750 statement credit that you can use for the trips ahead. Earlier the card came with the bonus of 100,000. It has recently been cut in half. Despite this fact, the card still has one of the biggest sign-up bonuses among all the rest travel credit cards.

Some people may already have the Chase Sapphire Preferred® Card. They may wonder if this may serve as a reason for being declined if they apply for the Chase Sapphire Preferred. The answer is no. Having one of the Chase cards is no reason for declining you. The only thing you need to make sure of is that you meet all the criteria on the basis of which you qualify for the card.

Once you get the bonus, it all comes down to how many rewards you can earn for the purchases you make with the card. The card rewards you 3 points for each dollar you spend on your trips. The same rate applies if you use the card to pay for you dinner at various restaurants. All the rest purchases will bring you 1 point per each dollar.

This all may seem great. However, the main thing to pay attention is the value you can get from your points. If you’re going to book your trip via the official Chase portal, you get 1.5 cents value for each point you have. This is extremely beneficial especially taking into account a high rewards rate.

This card also gives you an opportunity to transfer the earned points to one of loyalty programs. Since the rate implied for this process is 1:1, you don’t lose anything. It may even so happen that you’ll manage to get a better value out of your points when transferring them to loyalty programs.

Other reasons that make the card advantageous for you

The benefits mentioned above maybe enough for some people to make the final decision and apply for the card. Still the card has something else to offer you:

  • The card allows you to get $300 travel statement credit each year. You can use this sum to book hotels and tickets with the airlines you like. If you compare this card with the Platinum Card® from American Express or the Citi Prestige® Card, you’ll find out that these two cards offer not only a smaller credit but they also have restrictions in terms of how you can use it.
  • The card grants you the access to lots of airport lounges all over the world. In order to get access, you should get your Priority Pass.
  • Once in 4 years you can get a credit of $100 to cover the costs that has to do with your application for Global Entry or TSA PreCheck.

Let’s see what the similarities and the differences between the Chase Sapphire Reserve℠ and Chase Sapphire Preferred® are.

Since the card we are talking about in this article is designed as an improved version of the Chase Sapphire Preferred®, you may be interested in comparing the cards.

Chase Sapphire Reserve℠ Chase Sapphire Preferred®
Annual fee to pay. $450 You’re not expected to pay any fee during the 1st year. Once the period is over, the fee of %95 applies.
Special Offer. Both the cards require you to spend as much as $4,000 to be rewarded 50,000 bonus points. Mind that you need to do it during the first 3 months of using any of them. The only difference is the statement credit you get once you redeem your bonus. With the Reserve card you’ll get $750 while with the Preferred one it’ll only be $625.
Effective rewards rate. You get 3x points when paying with the card for your trips as well as using it to pay for your dinners at restaurants. For all the rest purchases, the rate of 1 point per each dollar spent applies. You get 2x points when paying with the card for your trips as well as using it to pay for your dinners at restaurants. For all the rest purchases, the rate of 1 point per each d9ollar spent applies.
The value you get for your points when redeeming. In case you choose to redeem via the official Chase portal, the value of each point amounts to 1.5 cents. In case you choose to redeem via the official Chase portal, the value of each point amounts to 1.25 cents.
The fee to pay for using the card while being abroad. No fee is implied.
Other advantages that you can expect when getting the card. Each year you’re rewarded $300 statement cr4edit to be used to cover the expenses for your trips ahead. You have a chance to get 5,000 more bonus points. The only thing you need to do in order to get them is to add an authorized user within the period of the first 3 months.

Is the Chase Sapphire Reserve℠ your ideal travel card?

Actually, it is a great card but only if you’re really a passionate traveler that spends lots of money on his/her trips regularly. If it’s not so, maybe there is a need for you to continue looking for a travel credit card that fits you the best. Overall, the card is definitely not worse that other premium travel cards that you can find at the market.

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Comments: 2
  1. Gregory

    This card is an absolute disaster. I’ve been using a Citi for more than 20 years and I’m fine with it. My friend recommended me this card saying that I could get a very big sign-up bonus. I got very excited because the bonus would make up for a very significant part of my trip expenses, plus the card also granted an access to lounges. Well, I asked a Chase representative about whether I’d be able to get in the lounge at JFK. The answer was yes and he also told me that all my family members would be granted the access. So I came to the airport and it turned out that they didn’t work with any credit card companies. I was told that Chase lied to me. I called Chase and all I was told was that I needed to get a separate card that grants the access to lounges. How wonderful is that? I’m very disappointed. My advice is to stay away from this card. I’m going to cancel it as soon as possible.

  2. Jason

    Hi there! The travel credit is provided for you to use during one year. You don’t need to spend it within one month, but you do need to try spending it within 12 months. Hope this is useful for you.

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