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Chase Sapphire Reserve®: review

With Chase Sapphire Reserve®, you can earn rewards — known as Ultimate Rewards® points — in a variety of ways and redeem them strategically for travel, like transferring those points to a variety of loyalty programs, including United Airlines or Hyatt, for example.

Thanks to features such as an annual $300 travel credit, as well as bonus rewards that can be transferred at a 1:1 ratio to several loyalty programs, it stands out as one of the best premium travel cards available. 

Pros & Cons


  • Points are worth 1.5 cents apiece when redeemed for travel through Chase Ultimate Rewards®
  • Earn high rewards on several areas of spending
  • Transfer points to travel partners at 1:1 rate
  • Many travel and shopping protections
  • New cardholder bonus offer
  • Bonus categories
  • Primary rental car coverage
  • Flexible rewards redemption
  • Transfer partners


  • High annual fee
  • High variable APR on purchases
  • No intro APR offer
  • Requires excellent credit
  • Complicated rewards
  • Best travel rewards are only for bookings through Chase

Rates, fees & offers

  • Annual fee: $550; $75 for each authorized use.
  • Rewards rate: 1x – 10x
  • Bonus offer: 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
  • Intro APR: N/A
  • Ongoing APR
    APR: 16.99% – 23.99% Variable APR

Penalty APR: 29.99%
Cash Advance APR: 24.99%, Variable

  • Balance transfer fee: Either $5 or 5% of the amount of each transfer, whichever is greater
  • Foreign transaction fee: None


More ways to earn

  • Earn 5x total points on flights when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
  • Earn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
  • Earn 3x points on other travel worldwide after the first $300 is spent on travel purchases annually
  • Earn 10x total points on Chase Dining purchases with Ultimate Rewards®
  • Earn 3x points on other dining at restaurants, including eligible delivery services, takeout and dining out
  • Earn 1 point per dollar spent on all other purchases

50% more redemption value

Get 50% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel.

Furthermore, with Pay Yourself BackSM, your points are worth 50% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.

Premium travel benefits

  • $300 Annual Travel Credit: automatically receive up to $300 in statement credits as reimbursement for travel purchases charged to your card each account anniversary year
  • Global Entry or TSA Pre✓® Fee Credit: receive a statement credit of up to $100 every 4 years as reimbursement for the application fee charged to your card
  • Complimentary Airport Lounge Access: rest and revive before your flight at one of the 1,000+ VIP lounges in over 500 cities worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • The Luxury Hotel & Resort CollectionSM: enjoy special benefits at a variety of hand-selected top hotels and resorts worldwide such as complimentary room upgrades, early check-in and late check-out
  • 24/7 access to Customer Service Specialists: count on 24/7 access to a dedicated customer service specialist from anywhere in the world

How to request this card

Applying for a credit card is very simple and you can do it through the app or website. But you need:

  • Social Security Number
  • Gross income
  • Employer name (if applicable)
  • Rent/mortgage amount

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