Chase Sapphire Reserve Card overview
*Card score is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
The Chase Sapphire Reserve, one of many high premium rewards bank cards, has undergone a serious refresh, together with a brand new card design that weighs in at 19.6 grams. The refresh introduced further assertion credit, modified earnings, different new advantages and a forty five% annual payment enhance from $550 to $795.
This annual payment is $100 greater than that of The Platinum Card® from American Specific ($695 annual payment; see charges and costs) and $400 greater than that of the Capital One Enterprise X Rewards Credit score Card ($395 annual payment) — although this may nonetheless be value it given the slew of advantages it provides.
We advocate a credit score rating of at the least 670, however it’s not exceptional to get accredited with a decrease rating. If you need premium advantages, the Sapphire Reserve might nonetheless be an important possibility for you, even with its steep annual payment.
Let’s take a look at the options that proceed to make it such a lovely journey bank card and one which has earned a everlasting spot in lots of TPG staffers’ wallets.
Chase Sapphire Reserve professionals and cons
| Professionals | Cons |
|---|---|
|
|
Chase Sapphire Reserve welcome provide
Proper now, new candidates for the Chase Sapphire Reserve can earn a welcome bonus of 100,000 factors plus a $500 Chase Journey promo credit score after spending $5,000 within the first three months from account opening. This provide is ending quickly.
Be aware that the phrases for the journey credit score state: The promotional credit score is legitimate for a one-time use solely, for those who apply the promotional credit score to a transaction lower than $500, you’ll forfeit the remaining steadiness.
TPG’s August 2025 valuations peg Chase Final Rewards factors at 2.05 cents apiece, making the present welcome bonus value as much as $2,550. This might cowl the annual payment of $795 greater than 3 times.
Each day E-newsletter
Reward your inbox with the TPG Each day e-newsletter
Be part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s specialists
That is the all-time welcome provide we have seen on this card, and it is ending quickly. This makes now the proper time to use.
Nevertheless, it is necessary to maintain Chase’s utility restrictions in thoughts, particularly concerning the Sapphire playing cards. Due to Chase’s 5/24 rule, you will wish to apply for Chase playing cards first earlier than turning to different issuers. That is why choosing the right Sapphire product in your scenario is essential.
When you can maintain each the Chase Sapphire Most well-liked® Card (see charges and costs) and the Sapphire Reserve, for those who’ve obtained a bonus on a Sapphire product previously, you are doubtless not eligible for a bonus on that very same card once more.
When making use of, earlier than you submit your utility, a pop-up will inform you for those who’re eligible for a welcome bonus.
Associated: The most effective welcome provides of the month
Chase Sapphire Reserve advantages
Annual journey credit score
One of many greatest perks of the cardboard is the $300 annual journey credit score. Chase will routinely credit score your account $300 while you use it to make eligible purchases, which cowl all kinds of journey suppliers:
Retailers on this [travel] class embody airways, inns, motels, timeshares, automotive rental businesses, cruise traces, journey businesses, low cost journey websites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking heaps and garages.
This perk alone lowers your efficient annual payment to simply $495.
The most effective issues about this credit score is how versatile it’s. It might cowl quite a lot of journey purchases as much as $300, together with airline tickets, lodge reservations, cruise reservations and far more. This can be a favourite perk of many TPG staffers who’ve the Sapphire Reserve.
Different assertion credit
The Sapphire Reserve additionally comes with a large number of different helpful life-style assertion credit. These embody:
- As much as $500 in annual The Edit credit score: Cardholders obtain $250 biannually to make use of on The Edit (for stays of two nights or extra) by way of Chase Journey reserving. This credit score has me intrigued, as I can nonetheless earn and obtain lodge loyalty standing advantages though I am reserving via an internet journey company. I have a tendency to remain at Marriott properties more often than not, and plenty of are on The Edit, so will probably be good that I can use this credit score to cowl my keep. Plus, my Titanium Elite standing advantages would doubtless kick in and earn me elite nights and factors.
- As much as $300 in annual StubHub and Viagogo credit score (via Dec. 31, 2027): Cardholders obtain as much as $150 biannually to make use of on occasion tickets at StubHub. I might simply use this perk, as I attend a number of concert events and sporting occasions every year, and StubHub is without doubt one of the largest on-line ticket platforms.
- As much as $300 in annual eating credit score at Open Desk: Cardholders obtain prime-time reservations at Sapphire Reserve Unique Tables; no prepayment or cost via Open Desk is required.
- As much as $300 in annual promos with DoorDash: Cardholders obtain as much as $25 in month-to-month promos with two $10 nonrestaurant promos and one $5 restaurant promo. Plus, obtain a complimentary DashPass membership for at the least one 12 months, value $120, and luxuriate in $0 supply charges and decrease service charges on eligible orders. (Should activate by Dec. 31, 2027.)
- As much as $250 yearly in complimentary Apple TV+ and Apple Music subscriptions (via June 22, 2027): This perk alone has me contemplating making use of for the cardboard, given I already pay for and use these providers each day. Apple Music has over 33 million subscribers within the U.S., so this must be one of many simpler credit for many cardholders to make use of. (One-time activation per service via chase.com or the Chase Cellular app required.)
- Up to $120 in annual in-app Lyft credit (via Sept. 30, 2027): Cardholders obtain as much as $10 every month; the credit score doesn’t apply to Wait & Save, bike or scooter rides.
- As much as $120 in International Entry, TSA PreCheck or Nexus credit score: Cardholders obtain an utility payment credit score each 4 years. My choose is International Entry because it consists of PreCheck, in order that’s the most effective worth in your cash.
- As much as $120 in Peloton credit score (via Dec. 31, 2027): Given as a month-to-month credit score; activation required.
If you happen to totally use all of those credit and advantages, the worth you will get totals over $2,000.
Lounge entry
Sapphire Reserve cardholders get entry to Chase Sapphire Lounges and Precedence Cross lounges (excluding eating places) for themselves and as much as two visitors. There are presently eight Sapphire lounges, with three extra lounges set to open.
Moreover, cardholders obtain entry to over 20 Air Canada Maple Leaf lounges when touring on a Star Alliance airline.
Licensed customers obtain the identical airport lounge entry on their very own, although you will pay an additional annual payment of $195 for every further cardholder.
The Precedence Cross community consists of over 1,700 lounges, each within the U.S. and overseas.
Lodge advantages
Sapphire Reserve cardholders will obtain automated IHG One Platinum elite standing via Dec. 31, 2027. This standing tier comes with perks like 60% bonus factors on IHG stays, complimentary upgrades (topic to availability), early check-in, 2 p.m. late checkout (topic to availability) and Hertz 5 Star standing.
Moreover, when reserving a lodge by way of The Edit, cardholders will obtain a $100 property credit score and advantages like free breakfast.
Visa Infinite perks
As a result of the Sapphire Reserve is a Visa Infinite card, you will obtain the perks that come together with this system. Highlights embody main rental automotive insurance coverage, journey cancellation and delay protection, misplaced baggage reimbursement, a concierge service, and entry to The Edit.
Moreover, when overseas, you will pay no overseas transaction charges.
Unlockable advantages
Moreover, Reserve cardholders will be capable of unlock much more premium advantages after spending $75,000 or extra in a calendar 12 months. These advantages embody:
- IHG Diamond standing
- Southwest Airways A-Record standing
- $500 Southwest assertion credit score (flights should be booked via Chase Journey)
- $250 annual The Retailers credit score (The Retailers is an internet market from Chase the place you should use your factors to purchase gadgets from in style manufacturers like Dyson and Sony)
Whereas these advantages are good for those who can spend $75,000 in your card organically, I would not exit of my solution to meet the spending requirement. You possibly can qualify for IHG Diamond standing by staying 70 nights at IHG inns or spending $40,000 on an IHG bank card. In the meantime, to qualify for Southwest A-Record standing, you simply must take 20 one-way flights or earn 35,000 tier-qualifying factors.
Relying on what inns and flights you e book, each of those choices might work out to be lower than the $75,000 in spending wanted to unlock these advantages on the Chase Sapphire Reserve.
Moreover, for those who can meet the spending requirement, the additional assertion credit are good, however once more, I would not exit of my solution to attempt to earn them.
Associated: The facility of the Chase Trifecta: Maximize your earnings with 3 playing cards
Incomes factors on the Chase Sapphire Reserve
Moreover the welcome bonus, the Sapphire Reserve’s bonus-earning classes may also assist construct your Final Rewards steadiness. You may earn:
- 10 factors per greenback spent on Peloton tools and accent purchases (via Dec. 31, 2027) of $150 or extra, with a most of fifty,000 factors (a 20.5% return primarily based on TPG’s August 2025 valuations)
- 8 factors per greenback spent on purchases made via Chase Journey, together with The Edit (a 16.4% return)
- 5 factors per greenback spent on Lyft rides via Sept. 30, 2027 (a ten.25% return)
- 4 factors per greenback spent on flights and inns booked straight (an 8.2% return)
- 3 factors per greenback spent on eating worldwide (a 6.15% return)
- 1 level per greenback spent on every thing else (a 2.05% return)
Be aware that you simply will not earn any factors on the primary $300 spent on direct flights and lodge purchases or purchases made via Chase Journey every cardholder 12 months, as that can set off the cardboard’s $300 journey credit score.
Beforehand, this card supplied 3 factors per greenback spent on all journey purchases. Whereas I just like the addition of 4 factors per greenback spent on flights and inns booked straight, not having a bonus class for basic journey purchases stings as Chase broadly defines journey and beforehand included issues like parking and tolls.
These are nice earnings charges on eating, Chase Journey purchases, and inns and flights booked straight, however you would possibly think about pairing this card with the Chase Sapphire Most well-liked, as now you can maintain each Sapphire playing cards. This pairing would earn 4 factors per greenback spent on most flights and inns, 3 factors per greenback spent on eating, and a couple of factors per greenback spent on basic journey purchases.
Associated: Is the Chase Sapphire Reserve definitely worth the annual payment?
Redeeming factors on the Chase Sapphire Reserve
The flexibility to redeem rewards with companions is without doubt one of the most necessary elements of a journey rewards bank card, and that is undoubtedly the case with the Sapphire Reserve. If you happen to switch your factors to considered one of Chase’s 14 journey companions, there’s potential for some wonderful redemptions (extra on that later).
Nevertheless, you possibly can redeem your factors in different methods, too, comparable to for money again, present playing cards, or eating and experiences via the Final Rewards portal at a price of 1 cent per level. Or, you possibly can cowl eligible purchases at the next worth via Chase Pay Your self Again.
These redemption strategies present much less worth than transferring your factors to companions, so I do not advocate utilizing your factors this fashion.
You can even redeem factors to e book journey via Chase Journey. With the latest refresh, we have seen some modifications to redeeming factors via Chase Journey, together with a brand new function: Factors Enhance. Factors can be utilized to e book journey via Chase Journey at a worth of as much as 2 cents per level, relying on the cardboard and the particular redemption (see your rewards program settlement for full particulars).
The redemption charges range primarily based on rotating provides on completely different flights and inns. The airways will range and alter over time, however from the beginning, it seems that the airways eligible for Factors Enhance are all switch companions of Chase. Listed below are some issues to find out about Factors Enhance:
- Beforehand, Reserve cardholders might redeem factors for 1.5 cents every.
- You possibly can redeem factors at 2 cents per level on premium airfare booked via Chase Journey and inns booked via The Edit.
- For cardholders accredited earlier than June 23, 2025, all factors earned earlier than Oct. 26, 2025, will be redeemed at 1.5 cents per level by way of Chase Journey whatever the airfare class or lodge property or at as much as 2 cents with Factors Enhance. The upper redemption price will routinely be chosen for you.
- Cardholders accredited after June 23, 2025, will solely have entry to Factors Enhance.
- After Oct. 26, 2027, factors will be redeemed for 1 cent every for all Chase Journey purchases that do not qualify for Factors Enhance.
- Fundamental financial system flights should not eligible for Factors Enhance.
Associated: From worldwide enterprise class to home journey: The most effective Chase Final Rewards candy spots
Transferring factors on the Chase Sapphire Reserve
Once more, essentially the most invaluable use of your Chase Final Rewards factors is to switch them to considered one of Chase’s 14 airline and lodge switch companions, together with invaluable choices like British Airways Membership, Air Canada Aeroplan and Southwest Airways Speedy Rewards.
For instance, I like to switch my factors to World of Hyatt. Only recently, I transferred 30,000 factors to Hyatt to remain on the Hyatt Centric The Liberties Dublin over St. Patrick’s Day weekend, when money charges have been upward of $400 per evening.
Associated: The way to redeem Chase Final Rewards factors for optimum worth
Which playing cards compete with the Chase Sapphire Reserve?
- If you need a mid-tier card with a decrease annual payment: The Chase Sapphire Most well-liked is an efficient alternative for incomes Chase Final Rewards factors for a decrease annual payment of $95. You may get quite a few journey protections and have entry to all the identical lodge and airline companions as you’d with the Sapphire Reserve. To study extra, try our full overview of the Sapphire Most well-liked.
- If you need a premium journey card with a decrease annual payment: The Capital One Enterprise X Rewards Credit score Card provides entry to Precedence Cross and Capital One lounges for a decrease annual payment of $395. You may additionally take pleasure in insurance coverage protections and earn at the least 2 miles per greenback spent on all purchases and a $300 Capital One Journey credit score every year. To study extra, try our full overview of the Capital One Enterprise X.
- If you wish to earn Amex Membership Rewards factors: The Amex Platinum provides a ton of invaluable assertion credit each calendar 12 months and has a decrease annual payment of $695. Plus, it provides entry to quite a few lounges, together with the Amex Centurion Lounge community and Precedence Cross lounges. Enrollment is required for choose advantages; phrases apply. To study extra, try our full overview of the Amex Platinum.
For added choices, try our full listing of greatest journey bank cards and greatest Chase bank cards.
Associated: Chase Sapphire Most well-liked vs. Sapphire Reserve: Must you go mid-tier or premium?
Backside line
Even with the 45% annual payment enhance, the Chase Sapphire Reserve might be an important addition to your pockets for those who worth premium journey advantages, lounge entry and numerous lifestyle-related assertion credit.
Apply right here: Chase Sapphire Reserve with 100,000 bonus factors and a $500 Chase Journey credit score after spending $5,000 on purchases within the first three months from account opening. Provide ending quickly.
For charges and costs of the Amex Platinum Card, click on right here.
For Capital One merchandise listed on this web page, a number of the advantages could also be offered by Visa® or Mastercard® and will range by product. See the respective Information to Advantages for particulars, as phrases and exclusions apply.
