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Chase Sapphire Reserve Credit Card Review

overall rating

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The Chase Sapphire Reserve card offers top rewards on travel and dining purchases, albeit with a high annual fee and an excellent credit score recommended to be approved. But this travel card's rich earnings, luxury perks, and flexible redemption options make it attractive to ardent travelers. Provided you spend heavily in its main categories and take full advantage of its benefits, you can recoup its cost and more over a year.

Chase Sapphire Reserve®

Overall Rating
Chase Sapphire Reserve®
On Chase's Secured Site.
Current Offer

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®.

Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Regular APR (%) 21.49% - 28.49% variable
Annual Fee $550
Rewards Earning Rate Earn 10x total points on chase Dining purchases with Ultimate Rewards®. Earn 5x total points on flights and 3x on other travel worldwide. Earn 3x points on other dining at restaurants, including eligible delivery services, takeout and dining out. Plus, earn 1 point per dollar spent on all other purchases.
Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever is greater.
Foreign transaction fee (%) 0%
how this card stacks up
When compared among all rewards cards in our database:
Low Fees
Security/Customer Experience
Low Interest
worst best

Full Review of Chase Sapphire Reserve Credit Card

  • Excellent point rewards rate for travel and dining

  • Large bonus for new cardholders

  • Exceptional luxury travel benefits

  • Points are worth 50% more for travel bought through Chase

  • $550 annual fee

  • Limited high-rewards categories

  • Strong credit appears to be required

Pros Explained

  • Excellent point rewards for travel and dining: At 3 points per $1 spent for travel and dining purchases, this card offers one of the best rewards rates among premium travel cards—better, even, than its lower-priced sibling, the Chase Sapphire Preferred.
  • Points are worth 50% more for travel bought through Chase: The value of points increases from 1 cent per point to 1.5 cents per point when redeemed for travel through Chase Ultimate Rewards. That boost gives you an effective rewards rate of 4.5% on travel and dining purchases since you earn 3 points per $1 in those categories. While the Chase portal allows points to be redeemed for cash back, gift cards, and transfers to Chase points partners, the bonus applies only if points are used to make travel purchases.
  • Large bonus for new cardholders: Few travel cards offer a bonus as substantial as the Chase Sapphire Reserve, which partly explains the card's popularity. New members can earn 60,000 bonus points after spending $4,000 on purchases within the first three months of opening an account. That's $900 toward travel when you redeem through Chase Ultimate Rewards®.
  • Exceptional luxury travel benefits: Earn up to $100 in statement credits (every four years) towards Global Entry or TSA Precheck, complimentary access to more than 1,000 VIP airport lounges worldwide, and benefits with the Luxury Hotel & Resort Collection.

Cons Explained

  • $550 annual fee: With its $550 annual fee, this is among the priciest cards on the market. This card's cost increases the incentive to determine in advance the likelihood that you'll travel and eat out enough to have the investment pay off.
  • Limited high-rewards categories: Some cards offer their best rewards in a range of categories, and some offer strong earnings on many or most purchases. The Chase Sapphire Reserve isn't such a card. Chase limits this card's 3-points-per-$1 rewards to travel and dining. Beyond that, all other purchases earn just 1 point per $1 spent.
  • Strong credit appears to be required: Unlike many other card issuers, Chase doesn't specify the minimum credit score range to qualify for each of its cards. But the best indications are the Chase Sapphire Reserve recommends excellent credit, which is to say a score of at least 750.   

This Card is Best For

  • Avatar for Rewards Strategist Persona
    Seeks to maximize points or miles earnings across spending categories
    Rewards Strategist
  • Avatar for Frequent Flyer Persona
    Flies often for business or leisure
    Frequent Flyer
  • Avatar for Frequent Diner Persona
    Dines out regularly while traveling or in home city
    Frequent Diner
  • Avatar for International Traveler Persona
    Travels outside of U.S. on occasion or frequently
    International Traveler

The Chase Sapphire Reserve is a compelling choice for devoted travelers with excellent credit searching for a premium travel card. Yet it can also be a good option for average consumers who take only a few trips per year but want to enjoy luxury benefits when they're on the go. The credit of up to $100 (every four years) for Global Entry or TSA Precheck further adds to the card's value, and complimentary access to more than 1,000 airport lounges boosts travel comfort. 

With the travel credit factored in, you could more than break even on the card's annual fee if you spent around $108 per week on a combination of travel and dining—both of which earn 3 points per $1 spent—and redeem those points for travel through Chase Ultimate Rewards. 

This card is particularly rewarding for those who also hold, or are open to getting, other Chase cards that earn Ultimate Rewards points. That's because you can transfer points back and forth between those cards and your account for this one. For each transaction, then, you can choose the Chase card on which you'll earn the most and transfer points you earn with it to your Chase Sapphire Reserve account. That allows you to take advantage of the bonus rate on travel bought via Chase Ultimate Rewards.

Chase Sapphire Reserve Credit Card One-Time Offer

New cardholders can receive 60,000 bonus points after making $4,000 or more in purchases within the first three months of opening an account. That's a value of $900 when the points are used to book travel through Ultimate Rewards. After you qualify for the bonus, points are credited to your balance within six to eight weeks.

Rewards Earning Details

Earn 10x total points on chase Dining purchases with Ultimate Rewards®. Earn 5x total points on flights and 3x on other travel worldwide. Earn 3x points on other dining at restaurants, including eligible delivery services, takeout and dining out. Plus, earn 1 point per dollar spent on all other purchases.

Chase has broad definitions of the spending that qualifies as travel. Eligible purchases encompass not only those from airlines, hotels, and motels but timeshares, discount travel sites, campgrounds, car rental agencies, and cruises (not counting purchases made aboard the boat). Public transportation, limousines, taxis, ferries, highways, toll bridges, parking lots, and garages are also included, though not spending on gasoline or other fuels. Dining includes both fast food outlets and fine-dining restaurants.

Rewards Redemption Details

This card shines in offering diverse ways in which to redeem its rewards. Any points you earn can be used directly to book travel and a range of other experiences using the Chase Ultimate Rewards portal. But you can also redeem points for cash back, gift cards, orders, and Apple purchases.

Points are worth 1.5 cents per point when redeemed for travel through Chase Ultimate Rewards, and at 1 cent per point for cash back, experiences, and gift cards. You make a little less, 0.8 cents per $1, on redemptions for and Apple purchases. That makes these transactions a poor option unless you can't wait to convert points into cash back before you buy from these companies.   

Ultimate Rewards points don't expire as long as your card is open.

Transferring Points

Points can be moved at a 1:1 ratio to one of Chase's travel partners. That can be very advantageous if you're a member of a loyalty program and find a good deal through a travel partner. By leveraging your Ultimate Rewards points to take advantage of limited-time offers through Chase's travel partners, you might be able to greatly increase the value of a point.

Chase's airline travel partners include:

  • Aer Lingus, AerClub
  • Air Canada Aeroplan
  • British Airways Executive Club
  • Emirates Skywards
  • Flying Blue Air France KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club

Its hotel travel partners include:

  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

How to Maximize Your Rewards

You can begin getting the most value out of this card by ensuring you take advantage of its introductory bonus. That may take some planning, such as moving up some anticipated big purchases, since you need to spend at least $4,000 in your first three months with the card to earn the 60,000-point bonus reward. (Be careful to consider when and how you will pay back the purchases to avoid having interest charges eat into your net gain from the bonus.)  

Next, if you have any other Chase cards that earn Ultimate Rewards points, look carefully at the points rewards you receive from those. Compare them to the rates you're making with the Chase Sapphire Reserve. Because you can transfer points from those cards to this one, consider using the Chase card that offers the best reward for any particular purchase. In the long run, you may even want to acquire other Chase cards that offer higher points in some categories so as to make the most of this helpful points-transfer capability.

If you're a member of a loyalty program, look into transferring points to Chase's travel partners. While using points to buy travel at Chase Ultimate Rewards portal earns you a 50% bonus in their value, you may get greater value still by transferring points to partners. Points transfer at a 1:1 ratio, which increases the possibility that using them in a partner program might pay off.

Remember to use this card's money-saving benefits as well. It offers trip cancellation and interruption insurance, for example, which isn't part of the benefits packages for all other travel cards.

Average Case

Let's estimate spending and rewards for an average household which, according to the Bureau of Labor Statistics, spends $2,375 on dining out annually. Those meals would earn about 7,125 points with the Chase Sapphire Reserve. Adding a vacation per year that costs $1,500 in airfare would earn 3,600 additional points (you earn 3X points on travel). We've omitted earnings at the 1 point per $1 spent for regular purchases, because comparable earnings are available with most points cards, including some no-fee ones.

In total, then, our family might earn 10,725 points with this card in travel and dining rewards. Exchanged for travel through Chase Ultimate Rewards, those points would, with the 50% bonus at that site, be worth $160.76 (If they were instead traded for cash back, they'd be worth $107.25). 

You can earn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards®. Earn 10x total points on Chase dining purchases with Ultimate Rewards®. Earn 5x total points on flights and 3x on other travel worldwide. Earn 3x points on other dining at restaurants, including eligible delivery services, takeout and dining out. Plus, earn 1 point per dollar spent on all other purchases.

Since you've spent 1,500 on travel, you would be eligible to receive huge bonuses, which may come in handy to offset the $550 annual fee.

Aspirational Case

Avid travelers who take more than a few trips per year and dine out at restaurants regularly will predictably reap higher rewards with this card. They'll also be able to take full advantage of its perks.

Now let's calculate the benefits compared with the fee for a household that spends triple the typical amounts on both dining and travel—a plausible scenario for a family who pays for a premium travel and dining card like the Chase Sapphire Reserve. They would spend $7,125 on dining, earning 21,375 points. Additionally, they would spend 4,500 in travel and earn about 21,000 points. With these 41,375 points, they would have $413.75 in cash back value or $635.63 in travel value at Chase Ultimate Rewards.

Given the $550 annual fee, frequent travelers and diners would allow the rewards to pay for themselves while receiving other benefits such as lounge access, 3X the points on dining, and earning 1 point for every $1 on every other purchase.

Chase Sapphire Reserve Credit Card's Outstanding Benefits

  • Statement credit up to $100 every four years for Global Entry or TSAPrecheck
  • Access to more than 1,000 airport VIP lounges worldwide
  • Complimentary benefits with the Luxury Hotel & Resort Collection
  • 24/7 access to customer service specialists

Standard Benefits

  • No foreign transaction fees
  • Trip cancellation and interruption insurance
  • Primary auto rental collision insurance
  • $3,000 in lost luggage reimbursement
  • Trip delay reimbursement up to $500
  • Emergency evacuation and transportation up to $100,000
  • Purchase and return protection
  • Extended warranties

Cardholder Experience

Chase ranked fourth out of 11 national card issuers and scored one point below the average score in the J.D. Power 2021 U.S. Credit Card Satisfaction Study.

Cardholders get a number of free features that are also standard with most other cards, including 24/7 access to a customer service specialist from anywhere in the world and a free credit tool, which Chase calls Credit Journey, that automatically alerts you of potential fraud. There's also a free credit score with the card.

Customers can use Chase's credit card resources center to get answers to common questions about their credit card, access education information about credit cards, learn what to do in case of fraud, and take steps to dispute a charge. 

The self-service tool kit can help you perform tasks like signing up for automatic payments, verifying and replacing your card, adding authorized users, and setting up account alerts.

Chase's online customer service information 404 for credit cards indicates no email or chat options for customer service, only assistance by phone or physical mail. The customer service call center is available 24/7 at 800-432-3117. Customers can also message Chase on Facebook, Instagram, or Twitter at @ChaseSupport.

Security Features

Credit card customers at Chase get a number of security benefits, all fairly standard among card providers. At a high level, Chase offers safety precautions like multiple authentication checks when you're logging in via the website or mobile app. It also monitors your profile to detect fraud and encrypts your username, password, and other personal account information.

For its credit cards, Chase provides 24/7 fraud monitoring—the bank will alert you if any unusual activity occurs on your account. It also provides card replacement services in case your card is lost or stolen, and it doesn't hold you responsible for unauthorized charges made with your card.

This card comes with chip-enabled technology to provide enhanced security when making purchases.

Fees to Watch out For

There's a fee of $75 for each additional authorized user of your Chase Sapphire Reserve card; while it’s not uncommon for premium cards to impose such charges, not all do so. Other fees are in line with industry standards.

Chase Sapphire Reserve vs. Sapphire Preferred

Chase offers a less expensive alternative to the Sapphire Reserve Card in the form of the Sapphire Preferred card. The Sapphire Preferred actually predated Sapphire Reserve by a number of years before Chase decided to launch a higher-end luxury card to properly compete with the Platinum Card from American Express. The cards are quite similar in their general rewards structure offering bonus Ultimate Rewards points on worldwide travel and dining expenditures, though Sapphire Preferred only offers 2X points on travel vs. 3X points for Sapphire Reserve.

In addition to the enhanced earning rate, the Sapphire Reserve card offers premium travel benefits such as airport lounge access and TSA PreCheck or Global Entry credit every four years whereas Sapphire Reserve does not. Both cards do provide primary auto rental insurance coverage, though.

Another important thing that distinguishes the two cards is on the redemption side. While both offer a redemption bonus when using Ultimate Rewards to book travel through Chase, Sapphire Reserve offers a 50% bump in value compared to only 25% for Sapphire Preferred.

So, to truly understand whether one is better than the other, you must determine the value of the rewards earned and redeemed from the one-time bonus, likely annual spending, along with the value of the travel credits and airport lounge access. Once you arrive at the number for each card using your annual category spending, simply subtract the cost of the annual fee in each scenario to see where you come out for which better fits your situation and rewards aspirations.

Below is a head to head comparison of the rewards and benefits of each:

Chase Sapphire Reserve Vs. Chase Sapphire Preferred
Features Sapphire Reserve Sapphire Preferred
One-time Bonus 60,000 Points 60,000 Points
Bonus on Travel/Restaurant Spend 3X Points 2X-3x Points
Bonus on Lyft Spending 10X Points 5X Points
Points on All Other Spending 1X Point 1X Point
Point Value for Travel Redemption 1.5 1.25
Annual Fee $550 $95
Annual Travel Credit None None
Global Entry/TSA Pre App Fee Credit Yes No
Airport Lounge Access Credit Priority Pass Select None
Additional Credits Lyft Pink, DoorDash DashPass, Peloton DoorDash DashPass, Peloton
Authorized User Fee $75 $0

If you're trying to decide on which Sapphire card to apply for start by determining on how your likely annual rewards earning will compare between the two cards and whether the combination of the one-time bonus and any other perks justify the cost of the annual fee.

Our Verdict

With premium perks, generous rewards, and an outstanding bonus offer, Chase Sapphire Reserve is a top entry among premium travel cards. Travel maximalists will get the most benefit from this card, but its rewards and perks are substantial enough that even typical diners and travelers might come out ahead after paying the $550 annual fee. 

Chase's redemption program adds to this card's appeal. Extremely flexible, the plan allows cardholders to redeem points for nearly any purchase type or transfer points to a loyalty program. There's also an outstanding 50% bonus when points are used to buy travel from Chase Ultimate Rewards.  

Yet another plus: People who hold this card and other Chase cards that earn Ultimate Rewards can use the additional cards, perhaps at better rates for certain purchases than the Chase Sapphire Reserve, and then transfer the points earned to this card's account to buy travel at Chase Ultimate Rewards, thus enjoying the 50% points redemption bonus of Sapphire Reserve.   

Yet if your travel and dining habits are merely typical, the Chase Sapphire Preferred might be a better option. Its benefits and rewards aren't quite as robust as the Sapphire Reserve, but they're fine nonetheless, and it's more likely you'll be able to justify its lower ($95) annual fee. This sibling card comes with a comparably substantial bonus.

Next Steps
For Chase Sapphire Reserve®
on Chase's Secured Site.
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Chase Sapphire Reserve®
overall rating
Recommended Credit
Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Regular APR (%) 21.49% - 28.49% variable
Annual Fee $550
Rewards Earning Rate Earn 10x total points on chase Dining purchases with Ultimate Rewards®. Earn 5x total points on flights and 3x on other travel worldwide. Earn 3x points on other dining at restaurants, including eligible delivery services, takeout and dining out. Plus, earn 1 point per dollar spent on all other purchases.
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Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.