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Chase Sapphire Reserve® review

Earn 3x points on travel and dining, plus great travel benefits.’s rating: 4.6 / 5


  • Get this card if: you’re a frequent traveler who wants one of the top travel cards on the market.
  • Pick something else if: you don’t travel enough to take advantage of this card’s benefits.
  • Apply with an excellent credit score of 740 or higher.


Points as welcome offer

Up to 10x



Annual fee

16.99% to 23.99%

Purchase APR (variable)


Annual fee$550
Welcome Offer60,000 points after spending $4,000 in the first 3 months, a value of up to $900 through Chase Ultimate Rewards.
Rewards10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases
Purchase APR16.99% to 23.99% variable
Balance transfer APR16.99% to 23.99% variable
Recommended minimum credit score740

Review by

Steven Dashiell is a writer at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.

Expert review

The Chase Sapphire Reserve® is the premier travel rewards offering under the Ultimate Rewards banner. For the $550 annual fee, it comes with a 60,000-point welcome offer after you spend $4,000 within your first 3 months of account opening, 3x points on travel and dining, a $300 annual statement credit, $100 toward the application fee for Global Entry or TSA Pre-Check, and countless additional travel perks.

This card is, in fact, the second credit card I ever decided to add to my wallet. That might sound a bit risky based on the card’s annual fee, but I knew there was nothing to worry about just by reading the card’s features: This card sweats value into your wallet so long as you’re using the card’s benefits. Case in point: I immediately used the $300 statement credit to pay for my partner and I’s annual trip to the east coast. Think of it as shaving $300 off the annual fee of the card – travel once with this credit and you only have to generate another $250 in value to make up for the card’s cost. We did this handily by signing up for the card’s complimentary Priority Pass Select membership, which is a value of over $400. All told, this card more than paid for itself within the first flight I took after getting the card.

This card has continuously demonstrated its value in the years since I’ve had it: I’ve since earned free amenities and breakfast at hotels from the Luxury Hotel and Resort Collection, enjoyed a complimentary full year of Lyft Pink, had several free meals through DoorDash and regularly redeem my earned points at 1.5x value through the Chase Travel Portal. Not even COVID-19 travel restrictions COVID-19 hurt this card’s value as Chase moved quickly to add temporary benefits and ways to spend credits. If you’re in the Chase ecosystem or you’re simply looking for one of the top luxury travel cards on the market, the Chase Sapphire Reserve® is a no-brainer.

How do I apply for the Chase Sapphire Reserve®?

Applying for the Chase Sapphire Reserve® is simple and straightforward. First, to qualify, you’ll need at least an excellent credit score of 740 or higher. Then, simply follow these steps:

  1. Learn more about how to apply for Chase Sapphire Reserve®.
  2. Fill out the required information and click Submit.

Chase Sapphire Reserve® benefits

  • Earn Ultimate Rewards points. The Chase Sapphire Reserve® earns 3x points on eligible travel and dining purchases. This is a great earning rate, particularly given the value of Ultimate Rewards points. The Sapphire Reserve now also earns 10x points on Lyft car rides, a terrific earning rate and among the highest available for ride-shares.
  • Welcome offer. Spend $4,000 within your first 3 months of account opening and you’ll earn a substantial 60,000 Ultimate Rewards points. That is roughly a $900 value when you redeem these through the Chase Travel portal.
  • Higher points value on travel redemption. Redeem your points on travel purchases through the Chase Ultimate Rewards portal and get 50% higher points value. You also get 50% higher redemption value on groceries, dining (including delivery and takeout), home improvement stores (such as Home Depot or Lowes) and donations to eligible charities with the Pay Yourself Back feature, which is available until September 30, 2021. This makes your 3x points on travel and dining be worth 4.5x, which is one of the highest rates you can earn with a credit card.
  • Statement credits. Each year you’ll enjoy $300 back in statement credits on travel purchases. Plus your first year and every four years thereafter, you’ll receive a $100 statement credit toward the application fee for TSA PreCheck or Global Entry. And until December 31, 2021, earn up to $120 in statement credits on Peloton Digital and All Access Memberships.
  • Travel perks. This card offers numerous travel benefits, including Priority Pass membership, a year of Lyft Pink and DashPass by DoorDash membership, concierge service and travel protections. Many of these, such as the Priority Pass membership, are worth hundreds of dollars on their own, so taking advantage of these is a simple way to make up for the cost of the card.
  • Transfer points to partners. Transfer your points to airline and hotel partners in 1:1 ratio. Partners include IHG, Marriott, Hyatt, United Airlines, Southwest, Jet Blue and more. Sometimes, transferring your points can get you the best value for your points.
  • Travel insurance. As a cardholder, you get access to a host of travel insurances offered by Chase. This includes baggage delay insurance, lost luggage reimbursement, auto rental collision damage waiver, emergency evacuation and transportation, trip cancellation and trip interruption insurance and trip delay reimbursement.
  • Peloton benefits. From now until March 2022, earn 10x points on each Peloton Bike, Tread and accessory you purchase for over $1,800. However, you’re capped at a maximum of 50,000 points, which is $5,000 spent with this offer. Also, you earn up to $120 in statement credits on Peloton digital or all-access membership through December 31, 2021.

Chase Sapphire Reserve® drawbacks

  • Annual fee. The Chase Sapphire Reserve® demands a $550 annual fee from cardholders. Generally, this won’t be a problem if you travel and take advantage of the card’s perks. Although, if you’re an infrequent traveler, you might find it hard to get enough value out of the card to cover the annual fee.
  • No intro APR. While not a huge deal for a rewards card, a lack of intro APR means you’ll need to start paying back interest on balances immediately after opening your card. Considering you’ll want to shoot for the welcome offer as well, you’ll need to take care to pay off your balance in full to avoid unwanted interest.
  • High credit score requirements. You’ll need an excellent credit score to get this card.

Is the annual fee worth it?

Absolutely. When my partner and I applied for this card, we made sure to do so a few months ahead of a planned cross-country trip.

Once we received the card, we booked our flights using it, instantly taking advantage of the $300 travel credit — a significant portion of our annual fee. Really, even a single trip can help take the bite out of your annual fee if you take advantage of all of the card’s features.

Compare Sapphire Reserve to similar credit cards

Here’s a look at how the Sapphire Reserve stacks up to the Chase Sapphire Preferred® Card and the American Express® Gold Card, which are other popular travel card options.

Chase Sapphire Reserve®


Finder Rating: 4.6 / 5

Terms apply, see rates & fees
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Minimum credit score


Annual fee


Purchase APR

16.99% to 23.99% variable

Balance transfer APR

16.99% to 23.99% variable


10x points on Lyft rides, 3x points on dining and travel after earning your $300 travel credit and 1x points on all other purchases

Welcome offer

60,000 points after spending $4,000 in the first 3 months, a value of up to $900 through Chase Ultimate Rewards.

Chase Sapphire Preferred® Card


Finder Rating: 4.3 / 5

Find out more

Minimum credit score


Annual fee


Purchase APR

15.99% to 22.99% variable

Balance transfer APR

15.99% to 22.99% variable


5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases

Welcome offer

100,000 points after spending $4,000 in the first 3 months. That's $1,250 when you redeem through Chase Ultimate Rewards®

Chase Sapphire Reserve® reviews and complaints


The Chase Sapphire Reserve® is a favored card from users across a variety of social media. Many customers tout the generous travel credits and signup bonus as big factors in their happiness with the card, with several users on Reddit recommending frequent travelers upgrading from the Chase Sapphire Preferred.


Among social media complaints for the Chase Sapphire Reserve®, some cardholders felt the card wasn’t worth the high annual fee. Others complained about a lack of lounge coverage through the Priority Pass program — a sting felt by yours truly. Finally, a few cardholders felt Chase customer service was lacking when they encountered issues.

Chase Sapphire Reserve® rewards

The Chase Sapphire Reserve® is a travel rewards workhorse. It offers plenty of ways to earn Ultimate Rewards points on top of its base earning rate. Moreover, it also allows you to redeem earned Chase rewards at a higher rate than average, and even transfer your points to other eligible rewards programs.

The name of the game with making the most of your points is pairing up your Chase rewards cards. By pairing up the Chase Freedom Unlimited with the Chase Sapphire Reserve, you can earn bigger rewards on purchases you wouldn’t earn otherwise earn accelerated rewards on. And from there, you can move the points you earn on the Unlimited over to the Reserve, allowing you to redeem those points for greater value. Check out our Chase Trifecta guide for more information on maxing your rewards.

The Chase Freedom Unlimited® can also prove useful for this technique, providing a steadier 1.5% base cashback rather than rotating categories, in addition to the same accelerated categories as the Chase Freedom Flex℠.

The “One Sapphire” rule

Chase restricts cardholders to only one Sapphire card per person. There are a few things to note about this ruling:

  • If you want to move from a Sapphire Preferred to a Sapphire Reserve or vice versa, you’ll need to apply for a product change.
  • If you make a product change up or down, you can’t earn the welcome offer on your new card.
  • If you closed a Sapphire card, you’ll need to wait upwards of four years before you can qualify for another Sapphire.

The bottom line

With a terrific signup bonus, a strong earning rate on travel and dining, more than $300 in statement credits and a plethora of travel perks, the Chase Sapphire Reserve® is more than worth your time if you’re a frequent traveler. And if you were like me and hardly traveled much beforehand, this card’s benefits might motivate you to go out and see the world. Or at the very least, visit your family once in a while.

If you like the perks mentioned here but don’t quite travel enough to make this card worth it, compare rewards cards to find one that best suits your needs.

Frequently asked questions

Do my reward points expire?
Your reward points don’t expire as long as there’s no change in your account status.

Is there qualifying criteria to get complimentary airport lounge access?
No, but you’ll need to enroll in Priority Pass Select.

How many interest-free days do I get on purchases?
There will be a gap of at least 21 days between your next due date and the close of the previous billing cycle. If you pay the entire balance from purchases during this period, you won’t pay interest on your charges.

What is the Chase Sapphire Reserve phone number?
If you have issues with your card, call 800-432-3117. This isn’t a dedicated Chase Sapphire Reserve® number, but it’s Chase’s support line for personal credit cards.

Credit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our team evaluates credit cards to determine their value against similar cards on the market.

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