While my hands-down favorite travel credit card is the card_name, a flexible travel card with a low annual fee of annual_fees, it also has a sister card.
Here is my card_name review, so you can decide which of these 2 “Sapphire” cards is best for you, as you each person can only hold one.
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About Chase Sapphire Reserve
In 2016, Chase introduced card_name as a new travel credit card with some outstanding travel benefits.
At the time, they offered a HUGE 100,000-point bonus upon meeting the minimum spend. It ended up being so popular that Chase ran out of the material it used to make the card!
The bonus points have dropped from initial 100,000 Chase Ultimate Rewards points to a bonus of 60,000 points after a $4,000 minimum spend in 3 months.
Because it charges a hefty $550 annual fee, you will need to be a frequent traveler to offset most of that fee in travel credits. We also really like card_name, a card that offers similar perks for a lower annual fee. I’ll explain how to decide if you’d get your full value out of card_name instead of 60,000 points after a $4,000 minimum spend in 3 months.
card_name earns Chase Ultimate Rewards points, which can be transferred to many different airline and hotel partners, including my favorite, Southwest Airlines, as well as British Airways, United and Virgin Atlantic. Its points can also be transferred to hotel chains, including Hyatt, Marriott and InterContinental Hotels Group, as well as used to book free travel in the Chase Travel Portal.
Key Benefits of card_name
- Earn 60,000 points after a $4,000 minimum spend in 3 months
- Annual Fee: annual_fees
- $300 reimbursement on any travel expenses put on the card each year. This includes hotel, airline, car rental, transportation (bus, cab, train), tolls, parking and cruise line expenses. See complete list of what qualifies as travel.
- 3X points on dining and other travel after you’ve earned your $300 travel credit (above); this one-ups card_name (read my full review of this card here), which earns only 2X points on travel and is a KEY benefit! You also earn 1 point per dollar on all other purchases.
- Access to more than 1,500 Priority Pass Select Airport Lounges around the world. (Check out this genius hack that I figured out that saves even MORE MONEY when using your Reserve Priority Pass)
- Up to $100 application credit for Global Entry or TSA PreCheck application fee when purchased with the card once every 4 years.
- No foreign transaction fees when traveling internationally.
- Discounts at National & Avis Car Rental when paying with your card.
- Upgrades and other special amenities when staying at Luxury Hotel & Resort Collection properties.
- Trip cancellation insurance up to $10,000.
- Primary car rental collision insurance, which means you DO NOT have to file a claim with your insurance company, resulting in higher rates.
- $500 per airline ticket for accommodations and meals if your flight is delayed overnight and you paid for your airfare with this card.
- Emergency evacuation and transportation up to $100,000.
- $10,000 per claim for damage and theft of new purchases with this card for the first 120 days.
- And more insurance coverage…
Other Details
card_name
Annual Fee: annual_fees
You should earn back $300 in travel expenses and up to $100 application credit with TSA PreCheck or Global Entry. Then you are at a $150-$165 annual fee, which is reasonable.
Take out the DoorDash pass, another $100 value, and you’re back to $50-$65.
Interest Rate: It has a high interest rate, so it’s not a card you’d want to carry a balance on from month to month!
Authorized Users: $75 annual fee for each authorized user (if you don’t want to pay this fee every year, be sure to remove any authorized users before the card renews!)
Reasons You Should Apply for This Card
- If you think you will use the $300 travel credit quickly and recoup $300 of the $550 annual fee.
- If you can pay the $550 annual fee charged to your account in the first month by the credit card due date.
- If someone in your traveling party needs TSA PreCheck, for which you will be refunded the $85 fee when paying with this card.
- You can use the $28/person credit at participating Priority Pass airport restaurants to make up the remainder of the annual fee. If not, you should instead opt for card_name to get similar travel perks.
Reasons You Should Not Apply for This Card
- If you have not yet applied for or been approved for the Southwest Rapid Rewards Chase Visa personal and business cards and you plan to earn the Southwest Companion Pass or simply want to accrue the points for free flights. Chase will not approve you if you have applied for more than 5 credit cards in the last 24 months, so apply for Southwest cards FIRST. We can help you with what cards to apply for in what order inside of our Families Fly Free membership where we offer custom plans and personal support.
- You don’t have $550 to spend out of pocket on the annual fee and/or can’t pay the $550 charged to your balance within 30 days. Instead, I’d suggest starting with the card_name, which has a lower $95 annual fee, earns and earns 2X points on travel and 3X points on dining. One of my all-time favorite cards! Read my full review.
- No one in your traveling party needs TSA PreCheck or Global Entry.
Keep in mind that you can only hold EITHER card_name OR the card_name, but not both.
How We Have Used Chase Sapphire Reserve
My husband applied for the card in December 2016 while it was at the 100,000-point bonus, and it netted us 4 tickets to Ireland entirely on points (plus security fees and fuel surcharges) on Aer Lingus.
We used the card in on a trip to Europe to offset some of the fuel surcharges we had to pay out of pocket and get my oldest son, who turned 13, his own TSA PreCheck, as he was too old to fall under ours at that point.
We’ve also used the $300 credit to help pay for a cheap flight on Allegiant Airlines to get us from Indianapolis to Ft. Lauderdale, where we flew to Grand Cayman on Southwest for Spring Break for only ~3,150 points round-trip per person, using our Southwest Companion Pass for my husband to fly with us free.
While holding it, we used the card to pay for most of our out-of-pocket dining and travel expenses, especially when traveling, to net us 3 points per $1.
We then transfer these points either to Southwest Airlines for more free flights or use them to book free flights or hotels in the Chase Travel Portal.
If you decide to apply, let me know if you are approved and how you like the card!
Read More:
- Everything You Wanted to Know about Chase Sapphire Preferred
- What to Do If You Were Declined for a Southwest Credit Card
- Chase Sapphire Reserve vs Preferred: Which Card Should You Choose?
- Reader Question: Which Card Should I Use for Purchases: Southwest or Chase Sapphire Preferred?
- How I Use Chase Sapphire Preferred Points for Free Hyatt Stays
