Chase Sapphire Reserve

welcome offer

Earn 50,000 points after $4,000 spent within the first 3 months.

Bonus Cash Value

Approximately $750*

Annual Fee

$550

Card Rewards

Earn 3 points for every $1 spent on travel and dining

Earn 10 points on Lyft Rides

Earn 1 point everywhere else

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.

Card Overview

The Chase Sapphire Reserve has your back, ensuring you get your money's worth if you ever run into a mishap during traveling. This card gives you an annual $300 travel credit as well as a full package of luxury benefits. 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.

Card-Smart Tips & Advice
  • Excellent credit needed (you will probably need at least one credit card open for more than a year)
  • This card is under the  Chase 5/24 rule
  • If you had received a welcome bonus on any Sapphire credit card in the past 48 months you are not eligible to receive a new bonus
  • You can only get approved for up to 2 Chase Credit Cards in 30 days. (Business Card and Personal cards are counted separately)
  • If you currently have open any Sapphire card Chase will probably not approve you for a new one
  • Chase Bank will usually pull your Experian credit report
  • You can check your application status at  Chase.com  / Customer Center / Check my app status or call 1 888 338 2586
  • If declined you can call 1 888 609 7805 to be reconsidered
Card Details And Benefits
  • Earn $300 in annual travel credits
  • Special car rental privileges from National Avis and Silver car
  • Access to luxury hotel and resort collection with special benefits
  • Complementary Lyft Pink membership
  • Earn $60 annual Doordash credit plus 1 year free membership
  • Emergency medical insurance
  • Global Entry or TSA PreCheck
  • No Foreign Transaction Fee
  • Lounge Access
  • Trip Cancellation Insurance
  • Auto Rental Collision Insurance
  • Travel Accident Insurance
  • Lost Luggage Reimbursement
  • Trip Delay Reimbursement
  • Return Protection
  • Extended Warranty Protection
  • Purchase Protection

Covid-19 Temporary Benefits

  • New! Pay Yourself Back: You can use your Ultimate rewards points at a rate of 1.50 cents per point to refund any dining, grocery, or home improvement purchases (works on gift cards bought in HomeDepot, etc) Click here to redeem the points for eligible purchases, expires 09/30/20. (Chase confirmed that the feature will be permanent but the categories may change)
  • Annual Fee: The fee will be deducted starting 07/01/20 – 12/31/20 back to $450. Cards renewing between 04/01/20- 07/01/20 will receive a $100 statement credit.
  • Bonus Points On Grocery Spent: Earn 5 points per dollar on Instacart groceries on up to $3,000 from 07/01/20- 09/30/20
  • Bonus Points On Gas Spent: Earn 5 points per dollar on gas on up to $1,500 from 07/01/20- 09/30/20
  • Bonus Points On Select Streaming Spent: Earn 10 points per dollar on select streaming services on up to $1,500 from 07/01/20- 09/30/20. Valid streaming services include: Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV.
  • $300 Travel Credit: You can use the travel credit for gas and grocery purchases starting 06/01/20 – 12/31/20

Additional Resources

 

Compare Cards

CardChase Sapphire PreferredChase Sapphire Reserve
Welcome BonusEarn 60,000 points after $4,000 spent within the first 3 months.Earn 50,000 points after $4,000 spent within the first 3 months.
Annual Fee$95$550
Rewards- Earn 2 points per $1 spent on travel and dining - Earn 5 points on Lyft Rides - Earn 1 point per $1 spent everywhere else- Earn 3 points for every $1 spent on travel and dining - Earn 10 points on Lyft Rides - Earn 1 point everywhere else
Upgraded StatusNational Car Rental, Avis, Silvercar, and Relais & Châteaux.
Credits$300 annual travel credit.
Extra Redemption ValuePoints are worth 25% more when redeemed for travel through Chase Ultimate RewardsPoints are worth 50% more when redeemed for travel through Chase Ultimate Rewards
Global Entry and TSA pre-checkStatement credit for Global Entry or TSA Pre-Check
No Foreign Transaction FeeNoneNone
Lounge AccessAccess to 1,000+ airport lounges, with a complimentary membership to Priority Pass.
Trip Cancellation InsuranceUp to $10,000 per person per trip for a max of $20,000 per yearUp to $10,000 per person per trip for a max of $20,000 per year
Auto Rental Collision InsurancePrimary coverage on rentals up to 31 daysPrimary coverage on rentals up to 31 days. Max $75,000 per rental
Travel Accident InsuranceUp to $500,000 if occurred on the carrier or at the airport/station. Up to $100,000 if occurred from when you leave until you return.Up to $1,000,000 if occurred on the carrier or at the airport/station. Up to $100,000 if occurred from when you leave until you return.
Lost Luggage ReimbursementUp to $3,000 per person for lost or damagedUp to $3,000 per person for lost or damaged
Trip Delay ReimbursementIf delayed more than 12 hours or overnight you can claim up to $500If delayed more than 6 hours or overnight you can claim up to $500
Extended Warranty ProtectionOne additional year (limit $10,000 each claim and $50,000 max per account)One additional year (limit $10,000 each claim and $50,000 max per account)
Purchase ProtectionLost and theft, up to 120 days. $10,000 per claim ($50,000 per account)Lost and theft, up to 120 days. $10,000 per claim ($50,000 per year)
Authorized User Fee$0$75
Luggage Delay InsurenceIf delayed for a minimum of 6 hours you can claim up to $100 a day for up to 5 daysIf delayed for a minimum of 6 hours you can claim up to $100 a day for up to 5 days
Road Side AssitanceOffers roadside assistance, but charges $59.95 per service call.Offers 4 free roadside service calls valued up to $50 each per year.
Travel Medical InsuranceGet covered for any medical expense up to $2,500 with a $50 deductible while traveling 100 miles or more from your home (trip must include travel on a common carrier).

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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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