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Enjoy exclusive travel benefits, multiple point bonuses and no foreign transaction fees with this high-end card.
- Get this card if you want to earn rewards for your frequent travel — and don’t mind paying $450 for it.
- Pick something else if you’re looking for an intro APR for balance transfers and purchases.
- Apply with an excellent credit score of 720 or higher.
|Product Name||Chase Sapphire Reserve®|
|Balance Transfer Rate (not intro)||17.24% to 24.24% variable|
|APR for Purchases ( Purchase Rate )||17.24% to 24.24% variable|
|Cash Advance Rate||26.24% variable|
|Interest Free Period|
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
|Up to 21 days|
|Returned Payment Fee||$37|
|Foreign Currency Conversion Fee (VISA)|
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
|0% of transaction value|
|Minimum Credit Score||Good (700-739)|
|Minimum Age||18 years of age|
|Returned Payment Fee||$37|
|Late Payment Fee||$37|
|Cash Advance Fee||$10 or 5% of the amount of each transaction, whichever is greater|
|Additional Cardholder Fee||$75|
|Rewards Program||Chase Ultimate Rewards®|
|Bonus Points on Sign-up||50,000|
|Rewards Points per $ spent (VISA/MC)||3|
The Chase Sapphire Reserve® Card offers an unheard-of signup bonus of 50,000 points to get you on your way to enjoying the benefits of this high-end credit card. You may find other Chase credit cards with no annual fees, but if you often travel overseas and enjoy first-class benefits you can make back the fee in no time.
The value of points
Not many cards come with Chase Sapphire Reserve®‘s steep annual fee. But it can offer great value for your money if you need top-class amenities while traveling — and travel often.
Right off the bat, you can get 50,000 bonus points after spending $4,000 in the first 3 months after opening your account. What’s more: It’s a premium travel card, allowing you to earn 3x points on travel and dining and 1x points on all other purchases. And you can relax in class with complimentary access to over 1,000 airport lounges in more than 500 cities worldwide.
If you use this high-end card regularly, you can definitely make the high $450 annual fee worth it.
SIGN UP BONUS: Several redemption options.
Earn a whopping 50,000 points — a $750 value — when you spend $4,000 in the first 3 months. Redeem points for travel, dining and other perks.
POINT TIERS: 3x points on travel and dining.
Earn 3 points for every $1 spent on hotels, airfare, taxis and trains and at restaurants worldwide. You’ll earn 1x points for all other purchases.
STATEMENT CREDIT: $300 annually.
Get reimbursed for travel purchases charged to your card. Get an additional $100 toward Global Entry or TSA Pre-Check every four years.
AIRPORT LOUNGES: More than 1,000 airport lounges worldwide.
Relax at VIP lounges in over 500 cities with one-time enrollment in Priority Pass Select.
POINT REDEMPTION: Great for travel.
Get 50% more value when you redeem your points for airfare, cruises, car rentals and more through Chase Ultimate Rewards. Or redeem your points for cash back.
You’ll also like…
Exclusive travel benefits.
Enjoy additional benefits on car rentals, at Luxury Hotel & Resort Collection and more.
No foreign transaction fees.
Use your card overseas without the worry of extra transaction fees.
Coverage includes trip cancellation and interruption insurance, auto rental collision damage waiver, emergency evacuation and transportation, trip delay reimbursement, purchase protection, price protection, return protection and extended warranty protection.
24/7 worldwide service team.
Get direct access to a customer service specialist, the Chase Travel Team, and Visa Infinite Concierge for assistance with reservations, Broadway tickets and sporting events.
What to watch out for
Steep annual fee.
To justify the $450 fee, you’ll need to regularly make use of this high-end card.
No intro APR.
You’ll begin paying interest on any balances after your first statement.
Consider other cards if …
You want cash back on everyday purchases.
Travel and dining are the mainstays for earning points with Chase Sapphire Reserve®. Check out Chase Freedom® for 5% cash back on categories that rotate on a quarterly basis. The 5% rate will apply to up to $1,500 per quarter and unlimited 1% after. You can also compare Bank of America® Cash Rewards for 1% cash back on every purchase, 2% at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined purchases for grocery, gas and wholesale club purchases.
You don’t want to pay a high annual fee.
Not up to shelling out $450 for the annual fee? You might have better luck with Chase Sapphire Preferred® and it’s $0 fee for the first year and $95 thereafter. Your travel rewards won’t be quite as robust, but you’ll still get 2x points on travel and dining.
An intro APR is important.
Blue Cash Card® from American Express comes with an intro purchase APR of 0% for the first 15 months from account opening and a 14.49%, 18.49% or 24.49% variable APR after. HSBC Cash Rewards Mastercard® credit card offers an intro balance transfer APR of for the 15 months and a 14.49%, 18.49% or 24.49% variable after.
Compare other Chase credit cards
What you should know before applying
To apply for the Chase Sapphire Reserve® Card you must:
- Be at least 18 years old, at least 19 years old if you live in Alabama or Nebraska or at least 21 if you live in Puerto Rico.
- Have a permanent home address in the US, US territories or a US military address.
- Have a valid Social Security number.
Always consider your options and your financial situation before you apply for a credit card.
What credit score should I have?
An excellent credit score of 720 or higher will increase the chances of your application’s approval.
What do customers say about Chase Sapphire Reserve®?
Customers on the Chase website generally appreciate how far their points can get them when it comes to paying for travel costs. Complaints are common around customer service. Generally customers find the customer service agents to be rushed or rude, and the lack of a chat feature was noted as a big drawback.
Chase earns a Trustpilot score of 5.5 out of 10 at the time of this writing. Most negative reviews cite slow responses to fraud complaints and less-than-helpful customer service. Positive reviews cite the bank’s great mobile app and quick resolutions to their issues. Overall, your mileage may vary with Chase customer support.
The JPMorgan Chase Credit Card division earns an overall A+ rating from the Better Business Bureau.
How do I apply for the Chase Sapphire Reserve® Credit Card?
1. Go to the Chase Sapphire Reserve® Credit Card website and click Apply Now.
2. Complete the application with your personal and financial information. Accept the terms and submit.
How long will it take for me to be approved?
After you submit an online application, you’ll find out about its status almost immediately as long as the information you submitted can be verified against your credit report. Chase will also send a letter with the application decision. Upon approval, your card will be sent by mail and your credit access line will be at least $10,000.
I got the card. Now what?
- Keep track of your spending. Register with Chase Online to monitor your account activity 24/7.
- Watch out for penalties. If your payments are late or your checks returned, you’ll pay up to $37.
- Contact customer service. Get round-the-clock access to the Chase customer service team. Contact Chase at 1-800-432-3117, on Twitter @ChaseSupport or log in to your account to send a secure email.
The Chase Sapphire Reserve® Credit Card is a good fit for people who seek exclusive privileges when traveling. With enough travel, you can offset the high $450 annual fee. Be sure to compare your options before you settle with any one credit card. You may be able to find a card that better fits your on-the-go lifestyle.