Chase Sapphire Reserve®

Quick Snapshot

• Annual Fee: $550
• APR: 22.49%-29.49% variable
• Rewards: 10X Chase Travel hotels, 5X flights, 3X dining, 1X everything else
• Bonus: 75,000 bonus points after spending $4,000 in the first 3 months
• Best For: Frequent travelers who want premium perks, airport lounge access, and maximum point value
• Credit Needed: Good to Excellent (670+)

Overview

The Chase Sapphire Reserve is the flagship personal travel card in the Chase Ultimate Rewards lineup. At $550 per year, it demands serious spending to justify the fee, but for frequent travelers it more than delivers. The $300 automatic annual travel credit reduces the effective cost to $250, and the earning structure of 10X on Chase Travel hotel bookings, 5X on Chase Travel flights, and 3X on dining makes it one of the fastest point-earning cards available.

The Reserve's defining perk is Priority Pass Select membership, granting complimentary access to 1,300+ airport lounges worldwide for you and two guests. Combined with Global Entry or TSA PreCheck credit (up to $100 every 4 years), trip cancellation and interruption insurance up to $10,000, trip delay reimbursement for delays over 6 hours, and primary auto rental coverage, the travel protections are among the most comprehensive in the industry.

Points earned with the Reserve are worth 50% more when redeemed through Chase Travel, making each point worth 1.5 cents. The same 1:1 transfer ratios to 14+ airline and hotel partners apply, and the higher base redemption rate means even casual redemptions deliver strong value. For travelers spending $5,000+ annually on travel and dining, the Reserve frequently delivers $1,000+ in annual value.

APR Breakdown

• Purchase APR: 22.49%-29.49% variable
• Balance Transfer APR: 22.49%-29.49% variable
• Cash Advance APR: 29.99% variable
• Penalty APR: None

Note: Your APR will vary with the market based on the Prime Rate. There is no penalty APR, but late payments may result in fees.

Benefits Overview

Travel Benefits

• $300 annual travel credit applied automatically to travel purchases
• Priority Pass Select lounge access at 1,300+ lounges worldwide for you and 2 guests
• Global Entry or TSA PreCheck application fee credit (up to $100 every 4 years)
• Trip cancellation and interruption insurance up to $10,000 per person
• Trip delay reimbursement up to $500 per ticket for delays over 6 hours
• Primary auto rental collision damage waiver up to $75,000
• Baggage delay insurance for expenses up to $100 per day for 5 days
• No foreign transaction fees

Everyday Benefits

• Purchase protection for 120 days against damage or theft up to $500 per claim
• Extended warranty protection adds 1 extra year to eligible manufacturer warranties
• Return protection for items the merchant won't take back (up to $500 per item)
• Zero liability protection on unauthorized charges

Lifestyle Benefits

• Complimentary DashPass membership and DoorDash credits
• Lyft Pink All Access membership with ride credits
• Access to exclusive Chase Dining reservations and culinary events
• Instacart+ membership
• 50% more value when redeeming points through Chase Travel (1.5 cents per point)

Rewards & Points

• 10X points on hotel bookings through Chase Travel
• 5X points on flights booked through Chase Travel
• 3X points on dining, including restaurants and eligible delivery
• 1X point on all other purchases

Transfer Partners: United, Southwest, Hyatt, Marriott, British Airways, Air Canada Aeroplan, Virgin Atlantic, IHG, Singapore Airlines, JetBlue, and more at 1:1 ratios. Points are worth 50% more when redeemed through Chase Travel, making each point worth approximately 1.5 cents. Partner transfers can yield 2+ cents per point on premium award bookings.

Welcome Bonus

Earn 75,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. Worth $1,125+ when redeemed through Chase Travel at the 1.5 cents-per-point rate. Through transfer partners, the bonus can be worth $1,200-$1,800+ depending on your redemption strategy.

Fees Summary

• Annual Fee: $550
• Foreign Transaction Fee: $0
• Balance Transfer Fee: $5 or 5% of the amount, whichever is greater
• Cash Advance Fee: $10 or 5% of the amount, whichever is greater
• Late Payment Fee: Up to $40
• Authorized User Fee: $75 per user

Who This Card Is Best For

Ideal For

• Frequent flyers who book multiple flights per year and want lounge access
• Hotel power users earning 10X on Chase Travel hotels for rapid point accumulation
• Premium travelers who value comprehensive insurance and concierge-level perks
• International travelers with no foreign fees and global lounge access

Not Good For

• Occasional travelers who won't use enough benefits to offset the $550 annual fee
• Budget-conscious users who prefer no-annual-fee cards with simpler rewards
• Current Sapphire holders because you cannot hold multiple Sapphire cards simultaneously

Key Pros & Cons

Pros

• 75,000-point welcome bonus worth $1,125+ through Chase Travel
• $300 annual travel credit reduces effective fee to $250
• 10X on Chase Travel hotels, 5X flights, 3X dining
• Priority Pass Select lounge access for you and 2 guests at 1,300+ locations
• Points worth 50% more through Chase Travel (1.5 cents per point)
• Global Entry or TSA PreCheck credit every 4 years
• Primary auto rental coverage up to $75,000
• Trip delay reimbursement kicks in at just 6 hours (vs. 12 for Preferred)
• Transfer to 14+ airline and hotel partners at 1:1
• No foreign transaction fees

Cons

• $550 annual fee is steep if you don't fully use the benefits
• $75 fee per authorized user adds cost for families
• Cannot hold multiple Sapphire cards simultaneously
• 48-month restriction on Sapphire bonus eligibility
• High APR makes carrying a balance very expensive
• Lounge access has become crowded at popular airports
• Points worth only 1 cent each for cash back redemption

Alternatives to Consider

How the Rewards Add Up

Example Annual Value

Total estimated annual value: $1,050 in points plus $300 travel credit plus ~$200 in lounge/perks, minus $550 fee = $1,000+ net value. Based on 1.5 cents per point via Chase Travel. Transfer partner redemptions can push value higher.

Should You Get This Card?

You Should Get It If...

• You spend $5,000+ per year on travel and dining combined
• You fly often enough to regularly use airport lounge access
• You want the highest point value in the Chase ecosystem (1.5 cents per point)
• You travel internationally and need no foreign fees and global lounge access
• You want premium travel insurance with lower trigger thresholds
• You can meet $4,000 spending in the first 3 months for the bonus

You Should Skip It If...

• You travel fewer than 3-4 times per year
• You won't use the $300 travel credit or lounge access
• You already have a Sapphire card
• You prefer a lower annual fee even if it means fewer perks
• You primarily want cash back rather than travel rewards

Apply Now

Apply for Chase Sapphire Reserve®

Information accurate as of May 2026. Terms and conditions apply. Please visit the issuer's website for the most current information.