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Help Me Build Credit has partnered with CardRatings for our coverage of credit card products. Help Me Build Credit and CardRatings may receive a commission from card issuers. The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

welcome offer

Earn 60,000 points after spending $4,000 within the first 3 months.

Bonus Value

Approximately $600 - $900

Annual Fee

$550

Card Rewards

New! 10 points on Chase dining, hotels and car rentals booked through the Chase Travel Portal

10 points on Lyft rides

New! 5 points on flights booked through the Chase Travel Portal

3 points on all other dining and travel

1 point on all other purchases

Add to compare

Help Me Build Credit has partnered with CardRatings for our coverage of credit card products. Help Me Build Credit and CardRatings may receive a commission from card issuers. The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

Author - Sam Updated: November 7, 2023 | Credit Card Review
Card Overview

The Chase Sapphire Reserve is one of the best luxury travel cards. You earn an annual $300 travel credit as well as a full package of luxury benefits like airport lounge access via Priority Pass, TSA Precheck/Global Entry credit, and more. By having the Chase Sapphire Reserve card you can effectively higher the value of all your Ultimate Rewards points and receive 1.5 cents per point towards any travel booked on the Chase Travel portal. Check out more details about the benefits below.

Why I Like This Card

The Chase Sapphire Reserve is one of the most recommended cards for someone traveling often and looking for luxury benefits. The annual fee may seem like a lot at $550, but the travel credit that you get each cardmember year, knocks off $300 of it. If you are anyway spending $300 on travel a year, then after the $300 credit the fee is down to $250. Plus, your points are worth 50% more when redeemed for travel through Chase Travel. So as long as you are redeeming another 50,000 points per year to book travel on Chase Travel, then it is enough to pay out the rest of the annual fee. And all the luxury benefits that the card offers turn out to be complimentary! I personally have this card because I redeem a lot more than 50k points through Chase Travel a year. It comes out very valuable for me to have the card just for this benefit alone.

Card-Smart Tips & Advice
  • Credit: Excellent credit needed (you will probably need at least one credit card open for more than a year)
  • Chase 5/24 rule: Chase will decline an applicant that has opened 5 or more personal cards (other issuers included) in the past 24 months. Hence, 5/24 rule
  • Max cards: You can get approved for up to 2 Chase credit cards in 30 days. Business cards and personal cards are counted separately
  • Apply for two cards: If you apply for one Chase card and get approved, it is recommended to apply for a second card since Chase is very good about approving for two cards, even within the same day. If the first application is still pending, wait for it to be approved before you apply for a second card
  • Credit bureau: Chase Bank will usually pull your Experian credit report
  • Double dipping: If you have any Sapphire card currently open (Reserve, Preferred, or the plain Sapphire) or if you received a welcome bonus on any Sapphire card within the past 48 months then Chase will not approve you for a new Sapphire card (regardless of which Sapphire card you apply for). You can close or product change the card and apply for a new one after approx 48-72 hours (As long as you did not receive a welcome offer on any Sapphire card within the past 48 months)
  • Combining same-day credit inquiries: Some data points suggest that credit inquiries for all Personal Chase cards for same-day applications will be combined; also, credit inquiries for all Business Chase cards for same-day applications will be combined. Credit inquiries for Personal and Business card applications will not be combined.
  • Check application status: You can check your application status at  Chase.com  / Customer Center / Check my app status or call 1 888 338 2586
  • Reconsideration: If declined you can call 1 888 609 7805 to be reconsidered
  • Quickest way to get my card: You will be able to add your new card to your mobile wallet immediately after you get approved (it can sometimes take up to an hour for it to show up in your online login). You can also request Chase to overnight your physical card by calling Chase customer service.

  • Downgrade options: The Chase Sapphire Reserve card can be downgraded to the Sapphire Preferred ($95), Freedom Unlimited ($0), Freedom Flex ($0), or to the Sapphire ($0) - only available via product change. Please note, Chase will only allow you to downgrade the card after 12 months of account opening.

Approval Monitor (submitted by HelpMeBuildCredit users)

86% Approved
758 Avg. Score of those approved
14% Denied
Approved 86% (31)
Denied 14% (5)

Credit limit range $6,000-$65,000

Avg. Credit limit$19,810

Approved 86% (31)
Denied 14% (5)

Disclosure: These results are based on information submitted by HelpMeBuildCredit users. Credit card approval results are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. Neither HelpMeBuildCredit nor the bank advertiser's take any responsibility on the accuracy of the information.

HelpMeBuildCredit credit ranges are a variation of FICO®️ Score 8, one of many types of credit scores lenders may use when considering your credit card application

Welcome Offer Eligibility
The Chase Sapphire Reserve is not available to either current cardmembers of any Chase Sapphire credit card (Reserve or Preferred), or previous cardmembers of any Sapphire credit card (Reserve or Preferred) who received a welcome bonus within the last 48 months.
Card Details And Benefits
Foreign Transaction Fee

No foreign transaction fee.

Upgraded Status

Emerald Club Executive status

Avis Preferred status

Special Silvercar privileges

Credits

Get a $300 travel credit each cardmember year.

From April 2022 through December 2024: Get a $5 credit each month for DoorDash. The credit gets added to your DoorDash wallet and expires after 3 months (it is be possible to combine three months' credits for a single $15 order)

Get a $15 Instacart statement credit each month plus a free Instacart+ membership for 12 months

Extra Redemption Value

Points are worth 50% more when redeemed for travel through Chase Ultimate Rewards.

Global Entry and TSA pre-check

Get a statement credit for Global Entry, TSA Precheck, or NEXUS every 4 years.

Lounge Access

Access to 1,200+ airport lounges, with a complimentary membership to Priority Pass Select.

Trip Cancellation Insurance

Coverage for canceled or interrupted travel due to an unforeseen medical emergency etc. Max $10,000 per trip for non-refundable travel expenses including flight tickets, hotels, and more.

Auto Rental Collision Insurance

Worldwide primary coverage on rentals. Coverage is for rentals up to 31 days, Max $75,000 per rental.

Travel Accident Insurance

Get coverage if you, G-d forbid, die in an accident while traveling or lose a limb, sight, speech, or hearing (on common carriers). Receive up to $1,000,000 in compensation.

Lost Luggage Reimbursement

Get up to $3,000 per person for lost or damaged luggage.

Trip Delay Reimbursement

If your flight is delayed for 6+ hours, you can claim up to $500 per trip to cover expenses like meals, lodging, toiletries, medication, and other personal use items.

Return Protection

Not happy with a purchase? Get a refund on purchases that have passed the store return policy - up to 90 days from date of purchase. Max $500 per claim, max $1,000 per year.

Extended Warranty Protection

Get your original manufacturer's warranty time matched (up to a year). (Will only cover if the original warranty is for 3 years or less). Max $10,000 per claim, $50,000 per account.

Purchase Protection

Get refunded if your purchase is damaged or stolen, up to 120 days from the date of purchase. Max $10,000 per claim, $50,000 per account.

Luggage delay insurance

If your baggage is delayed for 6+ hours, you can claim up to $100 per day to cover expenses like toiletries & clothing, for up to 5 days.

Roadside Assitance

Get 4 free roadside service calls valued up to $50 each per year.

Travel Medical Insurance

Get covered $2,500 with a $50 deductible for any medical expense while traveling 100+ miles from your home (trip must include travel on a common carrier).

How can the points be used?
Cashback

The points can be redeemed as cashback for 1 penny per point.

Chase Travel

You can redeem 1.5 cents per point on Chase Travel, to book flights, car rentals, hotels, and more.

Transfer to airline and hotel programs

You can transfer your points to any of the following Chase Travel Partners.

Airline partners:

Transfer Ratio Transfer Time
Aer Lingus, AerClub 1:1 Instant
Air Canada, Aeroplan 1:1 Instant
British Airways, Avios 1:1 Instant
Emirates, SkyRewards 1:1 Instant
Air France/KLM, Flying Blue 1:1 Instant
Iberia, Iberia Plus 1:1 Instant
JetBlue, TrueBlue 1:1 Instant
Singapore Airlines, KrisFlyer 1:1 12-24 hours
Southwest, Rapid Rewards 1:1 Instant
United Airlines, MilagePlus 1:1 Instant
Virgin Atlantic, FlyingClub 1:1 Instant

Hotel partners:

Ratio Transfer Time
Hyatt, World Of Hyatt 1:1 Instant
IHG, Rewards Club 1:1 1 day
Marriott, Bonvoy 1:1 2 days
Pay Yourself Back

You can also Pay Yourself Back by paying for purchases on your card and offsetting the purchases with points. You can get 1.25 cents per point (This is a new value as of January 2023).

This can only be done on purchases within certain categories, and Chase constantly changes the eligible categories. Current categories until 12/31/23 are:

  • Gas stations
  • Groceries
  • Annual fee
  • Select charities (Get 1.50 cents per point)

Additional Resources

Targeted Offers

These links may have higher targeted offers. (You can try the links through incognito tabs or different browsers). Please note, these links are not affiliated links and we do not earn commission through applications submitted via these links. Please only use these links if you have been targeted for a higher offer.

  • As of 04/18/2023 Earn 65,000 points after spending $4,000 within the first 3 months through The Infatuation website.

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*The estimate is based on our research on what approximate value consumers get when booking travel with points or transferring the points to partner airlines/hotels and booking award travel. You might need to be reward savvy to achieve the proper value. You can find out more on how we value points here

Please note: Although, I put a lot of effort to give my readers unbiased information. I’m legally required to notify you that I may be receiving compensation from credit card companies mentioned on this page. Please see our Advertisement Disclosure for more details.
The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.
Help Me Build Credit has partnered with AwardWallet and CardRatings for our coverage of credit card products. Help Me Build Credit, AwardWallet and CardRatings may receive a commission from card issuers.

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