What To Know
- The Chase Sapphire Reserve is a premium travel credit card that offers a wide range of benefits and rewards for frequent travelers.
- The Chase Sapphire Reserve is a good choice for frequent travelers who want a card that offers a wide range of benefits and rewards.
- If you are not sure if the Chase Sapphire Reserve is the right card for you, there are a number of other travel credit cards that you may want to consider.
The Chase Sapphire Reserve is a premium travel credit card that offers a wide range of benefits and rewards for frequent travelers. It is a charge card, which means that you must pay your balance in full each month. The annual fee for the card is $550, but it can be worth it for those who travel frequently and take advantage of the card’s many benefits.
Key Features of the Chase Sapphire Reserve
- Earn 3x points on travel and dining: You’ll earn 3 points per dollar spent on travel and dining, including purchases made through the Chase Ultimate Rewards portal.
- Earn 1x point on all other purchases: You’ll earn 1 point per dollar spent on all other purchases.
- Get a $300 annual travel credit: You’ll get a $300 credit each year to use towards travel expenses, such as flights, hotels, and rental cars.
- Access to airport lounges: You’ll get access to over 1,300 airport lounges worldwide, including Priority Pass lounges and United Club lounges.
- Global Entry or TSA PreCheck credit: You’ll get a $100 credit every four years to use towards the cost of Global Entry or TSA PreCheck.
- No foreign transaction fees: You won’t pay any foreign transaction fees when you use your card abroad.
- 24/7 customer service: You’ll have access to 24/7 customer service to help you with any questions or issues you have.
Benefits of the Chase Sapphire Reserve
The Chase Sapphire Reserve offers a number of benefits that can make it a valuable card for frequent travelers. These benefits include:
- Flexible rewards: You can redeem your points for a variety of travel rewards, including flights, hotels, rental cars, and cruises. You can also use your points to purchase gift cards or cash back.
- Generous sign-up bonus: You can earn a sign-up bonus of 60,000 points after spending $4,000 on purchases within the first three months of opening your account. This bonus is worth up to $750 in travel rewards.
- Excellent customer service: Chase has a reputation for providing excellent customer service. You can expect to get help quickly and easily when you need it.
Drawbacks of the Chase Sapphire Reserve
There are a few drawbacks to the Chase Sapphire Reserve that you should be aware of before applying for the card. These drawbacks include:
- High annual fee: The annual fee for the card is $550. This is a significant expense, so you should make sure that you will be able to take advantage of the card’s benefits to justify the cost.
- Limited earning potential: You can only earn 3x points on travel and dining. If you spend a lot of money on other categories, you may not be able to earn as many points as you would like.
- Points can be devalued: The value of Chase Ultimate Rewards points can fluctuate over time. This means that your points may not be worth as much in the future as they are today.
Who should get the Chase Sapphire Reserve?
The Chase Sapphire Reserve is a good choice for frequent travelers who want a card that offers a wide range of benefits and rewards. It is also a good choice for those who value flexibility and customer service. However, the high annual fee makes it important to make sure that you will be able to take advantage of the card’s benefits to justify the cost.
How to apply for the Chase Sapphire Reserve
You can apply for the Chase Sapphire Reserve online or by calling Chase customer service. The application process is relatively simple and should only take a few minutes. You will need to provide some basic information, such as your name, address, and Social Security number. You will also need to provide information about your income and employment.
Once you have submitted your application, Chase will review your information and make a decision. You should receive a response within a few weeks.
Alternatives to the Chase Sapphire Reserve
If you are not sure if the Chase Sapphire Reserve is the right card for you, there are a number of other travel credit cards that you may want to consider. These cards offer a variety of benefits and rewards, so you can find one that fits your needs and budget.
Some of the best alternatives to the Chase Sapphire Reserve include:
- American Express Platinum Card: The American Express Platinum Card is a premium travel credit card that offers a wide range of benefits and rewards. It has a $695 annual fee, but it offers a number of perks that can make it worth the cost, such as airport lounge access, a Global Entry or TSA PreCheck credit, and a $200 annual Uber credit.
- Citi Premier® Card: The Citi Premier® Card is a mid-tier travel credit card that offers a generous sign-up bonus and a variety of travel benefits. It has a $95 annual fee, but it offers a 60,000-point sign-up bonus after spending $4,000 on purchases within the first three months of opening your account.
- Capital One Venture X Rewards Credit Card: The Capital One Venture X Rewards Credit Card is a premium travel credit card that offers a generous sign-up bonus and a variety of travel benefits. It has a $395 annual fee, but it offers a 100,000-point sign-up bonus after spending $10,000 on purchases within the first six months of opening your account.
The Bottom Line: What is the Chase Sapphire Reserve?
The Chase Sapphire Reserve is a premium travel credit card that offers a wide range of benefits and rewards for frequent travelers. It is a charge card, which means that you must pay your balance in full each month. The annual fee for the card is $550, but it can be worth it for those who travel frequently and take advantage of the card’s many benefits.
Popular Questions
1. What is the annual fee for the Chase Sapphire Reserve?
The annual fee for the Chase Sapphire Reserve is $550.
2. What is the sign-up bonus for the Chase Sapphire Reserve?
The sign-up bonus for the Chase Sapphire Reserve is 60,000 points after spending $4,000 on purchases within the first three months of opening your account.
3. What are the benefits of the Chase Sapphire Reserve?
The benefits of the Chase Sapphire Reserve include 3x points on travel and dining, 1x point on all other purchases, a $300 annual travel credit, access to airport lounges, a Global Entry or TSA PreCheck credit, and no foreign transaction fees.
4. What are the drawbacks of the Chase Sapphire Reserve?
The drawbacks of the Chase Sapphire Reserve include the high annual fee, limited earning potential, and the fact that points can be devalued.
5. Who should get the Chase Sapphire Reserve?
The Chase Sapphire Reserve is a good choice for frequent travelers who want a card that offers a wide range of benefits and rewards. It is also a good choice for those who value flexibility and customer service.
6. How do I apply for the Chase Sapphire Reserve?
You can apply for the Chase Sapphire Reserve online or by calling Chase customer service.
