If you’re a recurrent traveler and looking for a card with great benefits, definitely consider the Chase Sapphire Reserve®. With this card, you have the opportunity to 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®!
To top that bonus offer, you will receive up to $300 in travel credits annually as reimbursement for travel purchases.
In addition, get 3X points on travel immediately after earning your $300 travel credit, and another 3X points on dining at restaurants at 1 point per $1 spent on all other purchases.
Plus, there are no foreign transaction fees! If you want to find out more about what unique features this card has to offer and how it compares to the Chase Sapphire Preferred Card, continue reading below.
Chase Bank offers great bonuses with their Checking/Savings accounts also!
Table of Contents
- 1 Chase Sapphire Reserve Card Summary
- 2 Chase Sapphire Reserve Card – Earn Up to 50k Points
- 3 Earning Points
- 4 Redeeming Points
- 5 Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
- 6 Free Priority Pass Select Membership
- 7 How to Access Your Priority Pass Select Membership
- 8 Chase Sapphire Reserve Cardholder Benefits
- 9 Tip: Additional UR Bonus Points With Sapphire℠ Checking
- 10 Author’s Verdict
- 11 Alternative Credit Card Options
Chase Sapphire Reserve Card Summary
The Chase Sapphire Reserve® offers 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'll earn 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. When redeeming your points for travel through Chase Ultimate Rewards, you'll get 50% more value.
This card does carry a $450 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre✓®.
Chase Sapphire Reserve Card – Earn Up to 50k Points
As stated previously above, you can earn up to 50,000 bonus points if you hit $4,000 in spending within 3 months. This differs from other card sign-up bonuses. There are many ways to go about this. Down below are several options to acquiring these points.
This bonus is presented in the form of Ultimate Reward Points that can be redeemed for cash back or travel expenses. If you redeem your travel expenses through the Ultimate Rewards Portal, it will be the same value.
• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.
• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on what bank offers it.
• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.
As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
The Chase Sapphire Reserve earns an unlimited 3 Ultimate Rewards points for every $1 spent on travel (including airfare, rental cars, and hotels) and dining out. All other purchases earn an unlimited 1 point for every $1 spent.
Redeem Chase Sapphire Reserve points for a variety of items at Chase’s Ultimate Rewards portal. The best way to redeem is through travel, offering a value at $0.015 per point. For example, 100,000 points is equal to $1,500 in travel.
Other redemption options include cash equivalents (statement credits, gift cards, and bank account deposits), general merchandise, experiences, and more. You can also redeem points for purchases at Amazon. However, these other options generally offer a value of $0.01 per point or less. Your points don’t expire as long as your account remains open.
Once you move your points to an account that earns Ultimate Rewards, you can transfer them to one of Chase’s travel partners. Or, you can book travel directly through the Chase portal.
Your Ultimate Rewards points will be typically transferred at a 1-to-1 ratio. But, depending on which partner you transfer your points to, you could get even more value for your redemption.
Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
|Airline Transfer Partners||Hotel Transfer Partners|
|Aer Lingus AerClub||IHG Rewards Club|
|British Airways Executive Club||Marriott Bonvoy (Previously Marriott Rewards)|
|Flying Blue AIR FRANCE KLM||The Ritz-Carlton Rewards|
|Iberia Plus||World of Hyatt|
|Singapore Airlines KrisFlyer|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
When you transfer your points, you can increase the value of them beyond the $0.015 Ultimate Rewards portal redemption rate. Just redeem them for flights or hotel stays that would normally require more Ultimate Rewards points. You should also note how the value of points can vary for each partner.
Chase Sapphire Reserve cardholders can enjoy various benefits such as travel credit, airport lounge access, discounts and other privileges if they choose to partake in the Priority Pass Select membership.
Free Priority Pass Select Membership
As long as your account is open and in good standing, you’ll get complimentary access to 1,200+ Priority Pass airport lounges worldwide. At these lounges, you’ll have access to private bathrooms where you can shower before your next flight, food, drinks, etc. Companions pay a discounted $27 per person, and this perk is normally worth $399 per year.
However, if you don’t have the Chase Sapphire Reserve card, for a limited time offer, you can essentially get a 10% discount off the annual fee for your first year!
How to Access Your Priority Pass Select Membership
After having received your Chase Sapphire Reserve card, you should immediately activate your Priority Pass Select membership to enjoy the perks stated below. You can do so by taking these steps:
- First, log into your Ultimate Rewards account and navigate to “use points”
- Click on “card benefits” to activate your Priority Pass Select membership
- It takes about 2-3 weeks for your card to arrive after activation so the sooner it is activated, the better
- It is recommended that you have your Priority Pass Select membership card with you during travels
- You must activate your Priority Pass Select membership before you can have access to any of these perks.
Chase Sapphire Reserve Cardholder Benefits
$300 Annual Travel Credit: Enjoy $300 annual travel credit to use to offset travel-related purchases including:
- Airline incidentals, including baggage fees and in-flight purchases
- Hotel charges and incidentals
- Rental car charges and incidentals
Credits are applied on your statement until you hit the $300 annual cap, which renews on your card member anniversary date.
TSA Precheck / Global Entry Fee Credit: Enjoy $100 Global Entry or TSA Precheck application fee credit once every four years.
Rental Car Discounts: Enjoy exclusive discounts on car rentals with National, Avis, and Silvercar. Discounts vary by location and carrier, but range from 25% – 30% off the regular rental rate.
Luxury Hotel & Resort Collection Privileges: Get special privileges at more than 900 Luxury Hotel and Resort Collection properties worldwide. Perks include complimentary breakfast for two, complimentary room upgrades when available, flexible check-in and check-out times, and other benefits unique to specific properties like resort credits and welcome gifts. A full list is available at lhrcollection.com.
More Travel Benefits:
- Complimentary auto rental collision damage waiver
- Trip delay reimbursement up to $500 per ticket for trips delayed longer than 12 hours due to circumstances beyond your control
- Trip cancellation and interruption service, a partial travel insurance policy that reimburses you up to $10,000 for trips canceled or cut short due to factors outside your control
- Damaged or lost luggage reimbursement up to $3,000 per passenger
- 24/7 travel emergency assistance.
Tip: Additional UR Bonus Points With Sapphire℠ Checking
The Chase Sapphire℠ Checking account lets you combine Ultimate Rewards points from all Chase products and you can also earn an additional 60,000 bonus points.
Similar to the Chase Sapphire Preferred Card (see our review), when you sign-up for a Chase Sapphire Reserve®, you will earn a welcome offer. If you’re a frequent traveler and have read through the features, I’m sure you will now surely want to be an owner of one!
For one, automatically receiving up to $300 back annually in travel credits definitely makes up for the steep annual fee of $450. The travel credits are good towards almost any and most travel purchases you make — even on parking and tolls. In addition to that, you can receive up to $100 credit toward Global Entry or TSA Precheck enrollment.
Whether you’re traveling domestic or international, you will have access to 1,000+ airport lounges worldwide with complimentary Priority Pass Select membership after a simple one-time activation. You can also turn your points into airline miles and hotel points.
To conclude, this card offers a big bonus with even bigger benefits that include easy to use travel credits. But despite my on-going rave about it, if you can not justify paying such a high annual fee for a credit card, do not feel the need to get one just because of its’ high ratings.
Alternative Credit Card Options
The Chase Sapphire Reserve card can be compared to the Platinum Card from American Express.
The The Platinum Card® from American Express offers 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
This card comes with an annual fee of $550, but you cardholders can enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings. Furthermore, you'll receive $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline. Plus, up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card® & receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts.
In addition, you can earn 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel & on prepaid hotels booked on amextravel.com.
If you don’t spend a lot on travel and dining, then you might consider the Barclaycard Arrival Plus®World Elite Mastercard® that has 2% earnings rate on all purchases made. Another one is the Chase Sapphire Preferred Card.
The Chase Sapphire Preferred® Card offers 60,000 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'll earn 2X points on travel and dining at restaurants worldwide; 1 point per dollar spent on all other purchases. And when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, you'll get 25% more value!
Learn More About This Card
• Chase Bank Bonuses. Chase usually offers the most sign-up bonuses out of all the big banks. Read up and enjoy several promotions for their Checking, Savings and Business accounts.
• HSBC Bank Bonuses. HSBC has some big value offers available for their Checking accounts. Some require hefty deposits to qualify. They also have an online Savings account offering a very competitive rate.
• Huntington Bank Bonuses. Huntington has Consumer Checking and Business Checking accounts available throughout the year.
• Discover Bank Bonuses. As an online bank, Discover offers high and competitive rates on their Savings, CD, and Money Market accounts. Enjoy excellent customer service nationwide.
• TD Bank Bonuses. TD Bank consistently offers great Checking account bonuses all year long. Savings account offers are less frequently available.
|Chase SapphireSM Checking||$750 Cash||Review|
|Chase Total Checking® + Chase SavingsSM||$350 Cash||Review|
|Chase Premier Plus CheckingSM||$300 Cash||Review|
|Chase College CheckingSM||$100 Cash||Review|
|Chase Private Client||$1,250 Cash||Review|
|TD Bank Beyond CheckingSM||$300 Cash||Review|
|TD Bank Convenience CheckingSM||$200 Cash||Review|
|Chase Total Business Checking®||$200 Cash||Review|
|Huntington Bank Accelerated Business Checking||$750 Cash||Review|
|Huntington Bank Fast Track Business Checking||$400 Cash||Review|
|Huntington Bank Community Business Checking||$200 Cash||Review|