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One card that sometimes gets overlooked but is certainly worth having on your radar is The Chase Sapphire Reserve®, one of the top premium travel credit cards for several reasons. For one, it comes with an annual $300 travel credit that can be used on hotels, flights, car rentals, and more. Also, when cardholders use the Chase Ultimate Rewards® portal to book travel, their points will be worth 50% more. On top of that, points transfer to leading travel hotels and airline partners on a 1:1 basis.

Additionally, cardholders can earn up to 10x Chase Ultimate Rewards® points on purchases.

New Chase Sapphire Reserve® cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when redeemed through Chase Ultimate Rewards®.

While the Chase Sapphire Reserve isn’t for everybody, it might be the perfect rewards travel card for you.

Chase Sapphire Reserve review
Johnny Jet holding his Chase Sapphire Reserve Card. This Chase Sapphire Reserve Review can help you determine if this is the card for you.

Chase Sapphire Reserve Review

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

The Chase Sapphire Reserve is great for those who travel often and who like flexibility. If you are very loyal to one airline or hotel, you may get more value out of a co-brand card.

In this Chase Sapphire Reserve review, I’ll show you how the Chase Sapphire Reserve’s benefits can be worth the $550 annual fee, even if your travel is on hold for the time being.

Earn Points On Dining and Travel (Once Eligible)

The Chase Sapphire Reserve® earns unlimited:

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

You can also earn up to 10x Ultimate Rewards on Lyft rides through March 31, 2025.

You will not receive rewards points on your first $300 in annual travel purchases as the annual travel statement credit reimburses these purchases.

There are no limits to how many points you can earn worldwide.

However, to earn points on travel, you must first earn your $300 annual travel credit to be eligible. Once you do, you will immediately begin to earn points on travel.

The Chase Sapphire Reserve outearns almost every other travel rewards card and co-brand airline credit card that only earns 2x points on travel purchases.

While you are probably considering the Chase Sapphire Reserve for its travel benefits and 1:1 points transfers, the 3x earning bonus means you can quickly rack up the points to make your next award trip sooner—which is the sole purpose of owning a travel rewards card.

$300 Annual Travel Credit

Almost every premium travel credit card offers an annual travel credit. The Chase Sapphire Reserve is definitely the most flexible of all the premium rewards cards.

The $300 travel credit is reimbursement for travel purchases charged to your card each account anniversary year. It can be redeemed for any travel-related purchases from plane ticket purchases, cruise tickets, hotel nights, to a guided tour. Some of the other premium travel credit cards air travel credit only covers checked baggage fees and in-flight purchases.

Sign-Up Bonus: $900 in Award Travel

New Chase Sapphire Reserve® cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when redeemed through Chase Ultimate Rewards®.

Chase Pay Yourself Back

Points are worth 50% more when redeemed for statement credits against existing purchases in select, rotating categories with the Chase Pay Yourself Back feature.

1:1 Ultimate Rewards Transfer Partners

One benefit that distinguishes the Chase Sapphire Reserve from many other travel rewards cards is the option to transfer your rewards points directly to one of the following airline or hotel Chase travel partners. This Chase Sapphire Reserve review wouldn’t be complete without mentioning these:

  • Aer Lingus AerClub
  • Air Canada Aeroplan
  • British Airways Executive Club
  • Flying Blue AIR FRANCE KLM
  • Emirates
  • Iberia Plus
  • Korean Air SKYPASS
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • IHG Rewards Club
  • Marriott Bonvoy
  • World of Hyatt

Although each Ultimate Rewards point is worth 1.5 cents each when you redeem them through Chase for award travel, many Sapphire Reserve cardholders almost always transfer their points to one of the Chase travel partners where the points can be worth more than 1.5 cents each.

Considering most travel rewards cards only have a maximum redemption value of 1 cent each, the 50% point redemption bonus and 1:1 travel partners are extremely valuable.

Complimentary Priority Pass Select Membership

Frequent flyers will enjoy the complimentary Priority Pass Select membership that lets you and your travel companions enter one of the 1,300+ locations for free. Whether you get to the airport early or have a long layover, you can visit one of these lounges for free to relax, refresh, and even catch up on work.

An annual Priority Pass membership with unlimited visits currently costs $399 per person. This benefit alone almost pays the $550 annual fee itself.

Other rewards credit cards offer access to other lounge networks in addition to Priority Pass, but Priority Pass is still the most extensive network that you can access regardless of which airline you’re flying this trip. But it’s not as great as the Centurion lounge access you get to with select American Express products.

Global Entry and TSA PreCheck Reimbursement

Like the other premium travel rewards cards, your application fee for Global Entry or TSA PreCheck will be reimbursed with a fee credit of up to $100. This benefit saves you $100 and the headache of standing in the long airport security and customs lines.

Additional Chase Sapphire Reserve Benefits

The most valuable Chase Sapphire Reserve benefits are the $300 travel credit, 1:1 point transfers or 50% point redemption bonus, and complimentary Priority Pass lounge access.

Some of the additional travel benefits that you’ll also enjoy are:

  • Up to $10,000 in trip protection insurance
  • Primary rental car collision damage waiver coverage
  • Avis, National, and Silvercar discounts and upgrades
  • Bonus amenities with The Luxury Hotel and Resorts Collection stays
  • Exclusive Sapphire events like going to the Emmys

Additionally, once activated, Chase Sapphire Reserve cardholders can enjoy complimentary DoorDash DashPass benefits through December 31, 2024.

Chase Sapphire Reserve Advantages

When you factor in the $300 travel credit, Priority Pass lounge access, and Global Entry application fee reimbursement together, these three benefits are worth $720 each year.

The Chase Sapphire Reserve® is worth the $550 annual fee when:

  • You use the $300 travel credit and Priority Pass lounge access
  • Redeem or transfer your points for award travel
  • Travel frequently to maximize the 3x dining and travel (once eligible) purchase rewards
  • No foreign transaction fee

Sapphire Reserve Disadvantages

The Sapphire Reserve isn’t for everybody. You’ll want to consider a different card when:

Even if you travel frequently but primarily use one airline or hotel, you might be better off with their co-brand card. You will earn more rewards points for your brand purchases and will enjoy other complimentary benefits. For example, free checked bags can be worth more than the $300 travel credit.

Some of the best Chase credit cards are also co-brand airline and hotel cards.

Alternatives to the Chase Sapphire Reserve

If you found in this Chase Sapphire Reserve review isn’t worth the $550 annual fee, below are a couple of different alternatives that still offer flexible travel rewards.

Chase Sapphire Preferred Card

If you enjoy the Chase Ultimate Rewards 1:1 point transfer opportunities, but won’t benefit from the Sapphire Reserve’s other travel benefits, the Chase Sapphire Preferred® Card offers these two travel rewards:

  • Unlimited 1:1 point transfers
  • 25% point redemption bonus (points are worth 1.25 cents each)

The annual fee for the Chase Sapphire Preferred® Card is only $95 per year and additional cardholders are free. You will also earn 5x points on travel purchased through Chase Ultimate Rewards, 3x points on dining, and 2x points on all other travel purchases.

This review of the Chase Sapphire Reserve vs Chase Sapphire Preferred can provide a better look at how these two cards compare.

The Platinum Card from American Express

The Platinum Card® from American Express is one of the best premium credit cards you can get. It’s best for frequent flyers and people who stay at hotels because of these benefits:

  • Transfer points on a 1:1 basis to airlines and hotel partners
  • Up to $200 airline fee credit for incidental fees at one select qualifying airline (in the form of a statement credit, enrollment required)
  • Free airport lounge access (Centurion, Priority Pass (enrollment required), Delta Sky Club, and others)
  • Global Entry or TSA PreCheck fee credit
  • Terms apply

This card also provides automatic Hilton Honors Gold and Marriott Bonvoy Gold Elite status (enrollment required).

Cardholders can get $200 back in statement credits each year on prepaid Fine Hotels + Resorts® or The Hotel Collection bookings, which requires a minimum two-night stay, through American Express Travel when paying with their Platinum Card®.

Also, get up to $200 in statement credits per calendar year in baggage fees and more at one select qualifying airline.

Plus, American Express has expanded The Centurion® Network to include 40+ Centurion Lounge and Studio locations worldwide. Now there are even more places your Platinum Card® can get you complimentary entry and exclusive perks.

Terms apply. Enrollment may be required.

New The Platinum Card from American Express Benefits

There’s also a new digital entertainment credit. Cardholders can get up to $20 in statement credits each month when you pay for eligible purchases with The Platinum Card® from American Express at your choice of one or more of the following providers: Peacock, Audible, SiriusXM, and The New York Times. Enrollment required.

In addition to enjoying TSA PreCheck or Global Entry access, cardholders can also enjoy CLEAR perks. Cardholders can use their Card and get up to $189 back per year on their CLEAR® membership. Terms apply.

Another exciting new benefit is the ability for cardholders to enjoy up to $25 back each month on select Equinox memberships when you pay with your Platinum Card®. This amounts to up to $300 annually. Enrollment required. 

There is also a $155 Walmart+ credit to enjoy. This covers the cost of a $12.95 monthly Walmart+ membership with a statement credit after you pay for Walmart+ each month with your Platinum Card. Cost includes $12.95 plus applicable local sales tax.

Get the full details and learn more in our in-depth The Platinum Card from American Express review.

The annual fee is $695 (See Rates & Fees) but can be offset with the perks, which are valued at over $1,400. 

Welcome Bonus Offer

New The Platinum Card® from American Express cardmembers can earn 100,000 Membership Rewards® Points after spending $6,000 on purchases on the Card in the first 6 months of Card Membership. Plus, new cardholders can choose new Platinum Card designs! Select your preferred metal Card design: classic Platinum Card®, Platinum x Kehinde Wiley, or Platinum x Julie Mehretu. Terms apply.

The annual fee is $695 (See Rates & Fees) but can be offset with the perks, which are valued at over $1,400.

Learn more: Johnny Jet Recommended Credit Cards

Summary

In conclusion, the Chase Sapphire Reserve review can show you it is worth it if you travel on a regular basis and want flexibility because you’re not loyal to a particular airline or hotel. If you maximize the Chase Sapphire Reserve’s benefits, it can definitely be worth more than the $550 annual fee.

60,000 Point Bonus: Chase Sapphire Reserve®

Related Articles:

For rates and fees of The Platinum Card® from American Express, please click here.

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Chase Sapphire Preferred® Card

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  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.

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1 Comment On "New Offer! Chase Sapphire Reserve Review: 10x Points, $300 Credit"
  1. Maria|

    Sorry guys this card is horrible and didnt meet my simplest need. They did not hold their part of the deal! After calling to let them know I’ll be out of the country and to allow access to my card, still the card was blocked overseas. I was forced to use another card and pay foreign transaction fees, which is the only reason I got this card is so that I don’t have to pay foreign fees. When I called, it took 30 minutes to get no where. They said that next time I leave the country there’s no guarantees the card will work again…So my response to that was waive the annual fee and I will close my account right now since I’ve only use the card for one month and I will pay the rest in full. No one cared and no one wanted to work towards a sensible solution or fix their mistake or make the customer happy. Mind you, this card had a $450 annual fee. A huge mistake and I will not be using this card anymore.

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