Chase Sapphire Reserve: Earn 3x on travel plus a $300 voucher |

Chase Sapphire Reserve® review – September 2018

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Enjoy exclusive travel benefits, 3x points on travel and dining and 0% foreign transaction fees with this high-end card.’s rating: 4.6 / 5.0


30-second take

  • Get this card if you want to earn rewards for your frequent travel — and don’t mind paying $450 per year 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 NameChase Sapphire Reserve®
Card TypeVisa
Annual Fee$450
APR (Annual Percentage Rate) for Purchases17.74% to 24.74% variable
Balance Transfer Fee$5 or 5% of the transaction, whichever is greater
Cash Advance Rate26.74% variable
Cash Advance Fee$10 or 5% of the cash advance amount, whichever is greater
Foreign Transaction FeeNone
Interest Free PeriodUp to 21 days
Minimum Interest$0
Late Payment Fee$37
Returned Payment Fee$37
Additional Cardholder Fee$75
Welcome BonusEarn 50,000 points after spending $4,000 in the first 3 months
Reward Value per Dollar1 points
Rewards Points ExpiryNever

The basics

Chase Sapphire Reserve® 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 can get this bonus after you spend $4,000 on purchases in the first 3 months of opening your account. 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 the steep annual fee of the Chase Sapphire Reserve®. 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 on purchases in the first 3 months of 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.

The perks

If you use this high-end card regularly, you can definitely make the high $450 annual fee worth it.

  • SIGNUP BONUS: Several redemption options.

    Earn a whopping 50,000 points — a $750 value when redeemed through Chase Ultimate Rewards — when you spend $4,000 on purchases in the first 3 months of opening your account. Redeem points for travel, dining and other perks.

  • POINT TIERS: 3x points on travel and dining.

    Earn 3x points 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 with up to $300 in statement credit each year. Plus, get an additional $100 toward the application fee for 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 after an easy, 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.

Compare Chase Sapphire Preferred® credit card vs. Chase Sapphire Reserve®

You’ll also like …

  • Exclusive travel benefits.

    Enjoy additional benefits on car rentals, at The Luxury Hotel & Resort Collection and more.

  • No foreign transaction fees.

    Use your card overseas without the worry of extra transaction fees.

  • Travel protection.

    Coverage includes trip cancellation and interruption insurance up to $10,000 per trip on travel expenses paid with your card. Charge your entire rental car cost and get reimbursement up to $75,000 for theft and collision damage with their auto rental collision damage waiver. Plus, if you’re sick while traveling away from home and need emergency evacuation, you’re covered for medical services and transportation up to $100,000. You’ll also get trip delay reimbursement up to $500 per ticket if your common carrier travel is delayed more than six hours.

  • Purchase protection.

    Charge something new to your card and get coverage for 120 days against damage or theft up to $10,000 per claim and $50,000 per year. Store won’t take back your items? With return protection, you have 90 days from the purchase date to be reimbursed for eligible items, up to $500 per item and $1,000 per year. You’ll also receive extended warranty protection of one extra year on eligible items with warranties of three years or less.

  • 24/7 worldwide service team.

    Get direct access to a customer service specialist, the Chase Travel Team and Visa Infinite Concierge for assistance with dinner reservations, Broadway tickets, sporting events and more.

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 more cash back on everyday purchases.

    Travel and dining are the mainstays for earning points with Chase Sapphire Reserve®. Check out Chase Freedom® credit card for 5% cash back on categories that rotate on a quarterly basis. The 5% rate will apply to up to $1,500 in purchases per quarter, and then falls down to 1% cash back thereafter. You can also compare Bank of America® Cash Rewards credit card for 2% cash back at grocery stores and wholesale clubs and 3% on gas for the first $2,500 in combined purchases — and then 1% after. All other purchases earn you a consistent 1% cash back.

  • 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® credit card 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 Everyday® Card from American Express comes with an intro purchase APR of 0% for the first 15 months from account opening and a 14.74% to 25.74% variable APR after. HSBC Cash Rewards Mastercard® credit card offers an intro balance transfer APR of 0% for the first 15 months after opening your account and a 14.74% to 24.74% variable APR after.

Is there a Chase Sapphire for business?

Compare travel credit cards

Name Product Welcome Bonus Reward Value per Dollar APR (Annual Percentage Rate) for Purchases Annual Fee
1 points
16.74% variable
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
1 points
16.74% variable
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
2 points
16.74% variable
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
Earn 60,000 points after spending $5,000 in the first 3 months
1 points
None (Charge Card)
Get 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel and 5X points on eligible hotels booked on
Earn 25,000 points after spending $2,000 in the first 3 months
1 points
None (Charge Card)
$0 annual fee for the first year ($195 thereafter)
25,000 bonus Membership Rewards® Points (up to $250 value) when you spend $2,000 in the first 3 months
Earn 25,000 points after spending $1,000 in the first 90 days
1.5 points
16.74% to 24.74% variable
An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
Earn 50,000 points after spending $4,000 in the first 3 months
1 points
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
Earn 50,000 points after spending $3,000 in the first 90 days
1.5 points
17.74% to 24.74% variable
Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
Earn 50,000 points after spending $4,000 in the first 3 months
1 points
17.74% to 24.74% variable
Earn 50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
Earn 50,000 miles after spending $3,000 in the first 3 months
2 miles
14.74%, 21.24% or 24.74% variable
$0 annual fee for the first year ($95 thereafter)
Earn 40,000 miles after spending $2,000 in the first 3 months
1 miles
17.74% to 24.74% variable
$0 annual fee for the first year ($95 thereafter)
40,000 bonus miles after you spend $2,000 on purchases in the first 3 months from account opening.* Plus a $100 statement credit after your first purchase.
Earn 40,000 points after spending $1,000 in the first 3 months
1 points
17.74% to 24.74% variable
40,000 bonus points after you spend $1,000 on purchases in the first 3 months your account is open

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What you should know before applying

To apply for Chase Sapphire Reserve® you must:

  • Be at least 18 years old.
  • Be at least 19 years old if you live in Alabama or Nebraska.
  • Be at least 21 if you live in Puerto Rico.
  • Have a permanent home address in the US or US territories, or a US military address.
  • Have a valid Social Security number.

What credit score should I have?

An excellent credit score of 720 or higher will increase the chances of your application’s approval.

What’s my likelihood of being approved?

The most obvious and widely used factor in determining whether you’ll be approved is your credit score, but it’s not the only one. Here are a few other things that might affect your odds of approval:

  • Whether you’re a current Chase customer. Chase is reportedly more likely to approve its current banking customers. This makes sense, as it can more readily evaluate your financial stability with the data it already has. Furthermore, it has an incentive to keep you happy as a customer.
  • How many hard pulls you have on your credit report. If you have several hard inquiries — or hard pulls — on your account, it might make you look desperate for credit. This implies you’re having trouble managing your debt, and Chase may be less likely to take you on as a customer.
  • Factors that tie into your credit score. Credit utilization is a major factor that Chase will consider. The bank prefers a customer who has low balances relative to their credit limit. Having many new card accounts may be a red flag, too, as it may indicate you’re desperate for credit. It may also give the impression that you’re a flighty customer who’s just hunting for signup bonuses.

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 as of May 2018. Most negative reviews cite slow responses to fraud complaints and less-than-helpful customer service. Positive reviews praise 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®?

  1. Go to the Chase Sapphire Reserve® website and click Apply now.
  2. Complete the application with your personal and financial information. Accept the terms and submit.

step 2 Chase Sapphire Reserve Credit Card

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.

How long will it take to get my Chase Sapphire Reserve®?

Upon approval, your card will be sent by mail in five to seven business days, though many customers report receiving their cards expedited in two to three days. 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.
  • Take advantage of your statement credit. You can get reimbursed for up to $300 in travel expenses in the form of statement credits every year. Be sure to check your card’s terms to find out what’s eligible and when the credits are applied.
  • Make use of the Global Entry or TSA Pre✔® fee credit. Every four years you can receive a statement credit of up to $100 towards application fees for either Global Entry or TSA Pre✔® when you pay for them using your Chase Sapphire Reserve®.
  • Sign up for Priority Pass. Follow the instructions you receive from Chase to complete the one-time activation of your Priority Pass.
  • Watch out for penalties. If your payments are late, you’ll pay up to $37. If your payments are late, you’ll pay a fee of $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.

Bottom line

The Chase Sapphire Reserve® 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.

Common questions about the Chase Sapphire Reserve®


Travel card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

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Adrienne Fuller

Adrienne Fuller leads the publishing team at She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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