Card Highlights
Chase Sapphire Reserve is a Credit Card
With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel.
Card Rewards
Earn Ultimate Rewards with the card. Learn about the Chase Ultimate Rewards Program here.
Sign-up Bonus
Before you apply, make sure your ability to get the sign-up bonus is not limited by Chase restrictions on an additional sign-up bonus or the Chase 5/24 rule. Also be mindful of the unwritten 30 day application rule.
Annual Fee
$550 annual fee
Additional Cardholder Fees
Additional cardholder fees are $75 per year per card.
Earn Points on Spending
1. Earn 3 points on Dining– Earn 3 points per $1 spent at restaurants. AND 10x points per $1 on Chase Dining purchases through Ultimate Rewards.
2. Earn 10x points per $1 on hotels and car rentals purchased through Chase Travel
3. Earn 5x points per $1 on flights purchased through Chase Travel
4. Earn 3 points on Travel-Earn 3 points per $1 spent on travel when you use your card to pay for airfare, hotels, cruises, rental cars, travel agencies, train tickets, taxis, tolls and more. (Click here for a complete definition of travel from Chase)
Note-you will not earn ANY points on travel that will be offset by the $300 travel credit, after the $300, you will earn at the 3X rate on travel purchases (the credit is explained below)
5. You earn 10x points per $1 on Lyft rides through March 2025.
6. You earn 10x points per $1 on Peloton equipment for each $1 spent on up to $5,000 in total purchases for Peloton equipment and accessory purchases over $450 through 6/30/2022. AND if you are a person who began taking advantage of this offer as originally advertised with a 03/31/22 end-date: If you have not yet reached the $5,000 offer maximum you may take advantage of the lowered purchase minimum of $450 starting 01/01/2022 and continue earning through 6/30/2022 or until you reach the $5,000 maximum, whichever occurs first.
7. In addition to earning 3 points per dollar at restaurants and on travel, you’ll earn 1 point for every dollar you spend on all your other purchases.
Earn Even Extra Points
EXTRA POINTS FROM PARTNER MERCHANTS-Earn extra rewards points from partner merchants when you shop online through Chase Ultimate Rewards.
$300 Annual Travel Credit
Each anniversary year, automatically receive up to $300 in statement credits as reimbursement for travel-related purchases charged to your card. Note, you do not earn points on the travel purchases that are credited by the $300.
Complimentary Priority Pass Select Membership
You can enroll in Priority Pass Select at no additional cost. This program gives you access to numerous airport lounges that are part of the Priority Pass Select Program. You can bring in a maximum of two accompanying guests. For any additional guests, your card will be charged $27 per guest, per visit.
Global Entry or TSA Pre✔ Fee Credit
Receive a statement credit of up to $100 every 4 years as reimbursement for the application fee charged to your card for Global Entry or TSA Pre√
50% More In Value When You Redeem Your Points For Travel
When you use points to redeem for cash, each point is worth $.01 (one cent), which means that 100 points equals $1 in redemption value. However, each point you redeem for travel booked through Chase Ultimate Rewards is worth $.0150 (one and a half cents), which means that 100 points equals $1.50 in redemption value, and points are worth 50% more than if redeemed for cash. For example, a $750 flight (or other travel purchase booked on the Chase Ultimate Rewards site) requires 50,000 points. (NOT 75,000) Note, compare this to the Sapphire Preferred card where points can be redeemed for 1.25 cents each. Read about how to redeem points through Ultimate Rewards here.
No Foreign Transaction Fees
Pay no foreign transaction fees when you use your card on purchases made outside the United States.
Lyft Pink All Access Membership
You get 2 free years of Lyft Pink All Access and a 3rd year at 50% off when you activate by Dec 31, 2024 (a value of $199/year). Note, the membership auto-renews.
DoorDash DashPass Membership
Point to Point Transfer With No Transfer Fees
Transfer points to participating frequent travel programs with no transfer fees and at full 1:1 value – that means 1000 Ultimate Rewards points equal 1000 partner miles/points. Read about how to transfer points to travel programs here.
Special Benefits At The Luxury Hotel & Resort Collection
Benefits at these properties may include complimentary room upgrades, complimentary meals, early check-in and late check-out, special discounts and credits and extra amenities.
Extra Perks at sbe Hotels
You now get extra benefits at particpating sbe hotels, like the 4th night free!
Elite Hotel Benefits At RELAIS & CHÂTEAUX
Trip Cancellation/Interruption Insurance
If you purchase a portion of your trip with your card, you may be able to take advantage of the Trip Cancellation/Interruption Insurance benefit if necessary. Read more here.
The Points Mom And The Chase Sapphire Reserve
I couldn’t resist. I just got the card! And since getting the card, it forced me to analyze and make some changes within my own credit card inventory.
Fast forward 5 years, I downgraded my card to the Sapphire Preferred.