Who should get it
The Chase Sapphire Reserve is a top-tier travel card offered by Chase. It carries a high annual fee ($550) but provides a slew of travel benefits and perks to help mitigate that. It comes with an impressive reward program and a lucrative welcome bonus. Due to the high fee, it should only be considered by consumers who travel frequently each year and are able to take full advantage of the card's suite of benefits.
How to use it
Note cardholders will need to spend $300 on travel annually to unlock the high rewards, but that shouldn't be too hard for consumers who are considering this card. That said, the card comes equipped with an annual $300 travel credit that's automatically added to your account as a statement credit for eligible travel purchases, covering that requirement. It also includes an application fee credit for Global Entry or TSA PreCheck.
Use the card for all of your travel and dining needs, sign up for Global Entry or TSA PreCheck, book through Chase Ultimate Rewards when you can, and utilize point transfers to get a higher per-point value for your rewards.
- $550 annual fee
- $300 annual travel credit
- Great selection of travel protections
- Flexible redemption and point transfer options
Why you'll love it
First off, the welcome bonus: 50,000 bonus points after spending $4,000 in the first three months with the card. That's a $750 value when redeemed through Chase Ultimate Rewards.
Aside from that, the Sapphire Reserve can be very rewarding for frequent travelers. It offers high rewards through Chase Ultimate Rewards and includes an impressive array of travel protections that could save cardholders a lot of money in certain situations. It also provides time and money saving perks like a Global Entry or TSA PreCheck application fee credit and an annual $300 travel credit.
Additionally, its flexible redemption program provides a 50% point bonus for travel redeemed through Chase Ultimate Rewards as well as a 1:1 point transfer rate to Chase's travel partners.
Pro tip: By transferring points to Chase's airline and hotel partners, cardholders could find a greater per-point value.