Chase Sapphire Reserve Credit Card Review | CompareCredit

Chase Sapphire Reserve® Review

By Thomas Donaldson

As the industry-standard for premier travel rewards, the Chase Sapphire Reserve® is a powerful card packed to the brim with perks and rewards. Cardholders enjoy up to 3x points on purchases, plus premium benefits like airport lounge access and annual travel credits.

Chase Sapphire Reserve®

(3 reviews)

Current Offer
50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
Apply Now

on Chase's secure site

  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases
  • 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening
  • One Year Complimentary Lyft Pink & Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • $550
  • Excellent
Product Details
  • Click "APPLY NOW" to apply online
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year. From 6/1/20 through 6/30/21, gas station & grocery store purchases will also count towards earning your Travel Credit
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • With Pay Yourself Back℠, your points are worth 50% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority PassTM Select and up to $100 application fee credit for Global Entry or TSA Pre✓®
  • Earn 3x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services

Our Expert Review

Why We Like It


Offer Rating

5/ 5

By Our Editorial Team

Key Benefit

Packed with perks – enjoy a $300 Annual Travel Credit, lounge access and more!

Compare Credit logomarkEditor

It's hard to find a travel credit card packed with more perks and benefits than the Chase Sapphire Reserve® card. While some consumers might initially scoff at the $550 annual fee, there is so much value packed into this card that it becomes quite easy to justify the annual fee once you see everything this card has to offer. Right off the bat, new cardholders earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.

You also receive a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year. Those two perks alone offer you over $1,000 in value during your first year! And since the Annual Travel Credit is a recurring benefit, you'll enjoy that $300 reimbursement each year you are a cardholder. The rewards rate on your spending is quite generous with this card – 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. Another thing that makes this card stand out if the flexibility in terms of how you can redeem your points.

Cardholders will also enjoy travel perks like access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit for Global Entry or TSA Pre✓®. You can earn 50% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, but you also have the option of transferring your points directly to a number of airline frequent flyer programs and hotel loyalty accounts. A few of the transfer partners include Southwest Airlines, United Airlines, Marriott, and Hyatt hotels.

Pros & Cons

Pros

  • Generous 3X points on travel and dining with no limit on the number of points you can earn
  • Flexible redemption options to stretch your points even further
  • No foreign transaction fees, $300 Annual Travel Credit, and a big sign up bonus

Cons

  • The annual fee is not waived the first year
  • The spending threshold to earn the sign up bonus is a bit higher than some other cards

Pros Explained

  • Generous 3X points on travel and dining with no limit on the number of points you can earn: For anyone that likes traveling or dining out, this unlimited rewards rate can help rake in loads of points
  • Flexible redemption options to stretch your points even further: You can use the Chase portal to redeem points for purchases with any airline or hotel, or transfer your points directly to a number of popular frequent flyer or hotel loyalty programs.
  • No foreign transaction fees, $300 Annual Travel Credit, and a big sign up bonus: The long list of perks on this card offer tons of value to card to cardholders and can make the annual fee worthwhile.

Cons Explained

  • The annual fee is not waived the first year: Some cards with annual fee will offer to waive the annual fee during the first year of cardmembership.
  • The spending threshold to earn the sign up bonus is a bit higher than some other cards: Some consumers may find it difficult to spend the full amount required to meet the minimum spending threshold for the sign up bonus.

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