Editorial Review

Chase Sapphire Reserve Review: A First-Class Premium Travel Card

Earn 3X points on travel and dining, then redeem points for travel or transfer them to partner airlines and hotels. This card piles on the perks, too. But it comes at a price.

Claire TsosieJune 19, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Our Take


NerdWallet rating 

The Bottom Line: With a big sign-up bonus, triple points on travel and dining, hundreds of dollars in annual credits and other perks, it's worth the hefty annual fee.

Chase Chase Sapphire Reserve Credit Card

on Chase's website

Annual Fee


Regular APR

19.24% - 26.24% Variable APR

Intro APR


Recommended Credit Score

Quick Facts

Annual Fee
Annual Fee
Intro APR

Pros & Cons

  • A large bonus

  • High rewards rate

  • High value benefits

  • Cool factor - metal card

  • No foreign transaction fee

  • High annual fee

  • Needs excellent credit

Alternate Pick: Simple rewards

Capital One® Venture® Rewards Credit Card

Earn 2 miles per $1 spent on anything

No appetite for actively managing your credit card travel rewards? This card gives you a flat 2 miles per dollar spent on every purchase. Redeem miles to "erase" any travel purchase at a penny per mile. There's a great sign-up bonus, and the annual fee is $0 for the first year, then $95.

Read our review

Compare to Other Cards

Annual Fee


Annual Fee


Annual Fee


Regular APR

19.24% - 26.24% Variable APR

Regular APR

18.24% - 25.24% Variable APR

Regular APR


Rates & Fees

Intro APR


Intro APR


Intro APR


Recommended Credit Score
Recommended Credit Score
Recommended Credit Score

Full Review

For avid travelers, the Chase Sapphire Reserve® is a flat-out bargain — even with its $450 annual fee.

That's because this premium travel card offers incredibly high long-term value with a potpourri of goodies, including an annual travel credit worth up to $300 and airport lounge access. In a crowded field of luxury cards, easy-to-use perks like these make it stand out as one of the most practical, valuable choices for folks who travel often.

Key features of the Chase Sapphire Reserve®

Here's a quick run-down of what this card offers:

  • Card type: Travel.

  • Sign-up bonus: Earn 50K 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®

  • Annual fee: $450; $75 for each authorized user

  • Ongoing rewards:

    • 3 points per dollar spent on travel and dining

    • 1 point per dollar spent on all other purchases

  • Foreign transaction fees: None

  • Other benefits:

    • Up to $300 a year in statement credit automatically applied to travel purchases

    • Complimentary Priority Pass Select lounge membership

    • 1:1 transfer partners

    • Primary rental car coverage up to $75,000 for theft and collision damage

How much is a point worth?

Chase Ultimate Rewards® points earned on this card are worth 1.5 cents each when redeemed for travel booked through Chase. But you can often get more value per point by transferring them to Chase's airline and hotel partners and then taking advantage of good redemption deals. Partners include United Airlines, Southwest Airlines, British Airways, Marriott and Hyatt.

It’s also possible to redeem for cash back, gift cards and other products and services, although those options provide less value per point. For a quick primer on how to transfer Chase Ultimate Rewards® points, watch the issuer's video on this topic.

To find out whether the card is worth the $450 annual fee for you based on your spending and travel habits, use the calculator below.

Benefits of the Chase Sapphire Reserve®

The Chase Sapphire Reserve® is a premium credit card, but its benefits are more about practicality than superficial pizzazz.

Big sign-up bonus. Even though the sign-up bonus on the Chase Sapphire Reserve® was sliced in half several months after it was launched, it's still a real head-turner when compared to sign-up promotions on other travel cards. The bonus: Earn 50K 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®  — enough in many cases to cover an international round-trip flight.

To find out whether you prequalify for this card, check out NerdWallet’s prequalification tool.

High ongoing rewards for dining and travel. This card earns 3 points per dollar spent on travel and dining purchases. With points worth 1.5 cents each when redeemed through Chase for travel, that gives the card an impressive 4.5% effective rewards rate in those popular categories. That's a boon for folks who spend plenty in these areas. Also, you get the 3 points per dollar on purchases worldwide — not just in the U.S.

Travel statement credit of up to $300. While many premium cards offer airline fee credits for baggage fees and other select purchases, the travel credit of up to $300 on the Chase Sapphire Reserve® covers a much broader range of travel purchases, including taxi rides, campground fees and train fares.

Because this credit is applied automatically, taking advantage of it is effortless. Use this card to pay for a $20 Uber ride and — poof! — that travel credit is applied to your credit card statement right away. 

Airport lounge access and Global Entry or TSA Precheck reimbursement. With the Chase Sapphire Reserve®, your next layover could be spent in an exclusive lounge with a complimentary cocktail in hand. The card comes with Priority Pass Select membership, with access to more than 1,000 airport lounges internationally and meal credits at select airport restaurants and bars.

With the card's TSA Precheck or Global Entry reimbursement, you can also speed through security and get to those swanky lounges a little sooner. The card offers reimbursement for the application fee for TSA Precheck ($85) or Global Entry ($100) once every four years.

Transfer partners. With the Chase Sapphire Reserve®, you can move points to several other loyalty programs — listed on NerdWallet's Chase Ultimate Rewards® review page — at a 1:1 ratio.

On the Chase Sapphire Reserve®, transferring points and redeeming them strategically can be incredibly lucrative. For example, say you turn 50,000 Chase Ultimate Rewards® points into 50,000 United miles, then redeem those miles for a flight that would have otherwise cost $2,000. Taxes and fees aside, you’d be getting 4 cents per point, an outstanding value. 

How it compares to the Chase Sapphire Preferred® Card

While checking out the Chase Sapphire Reserve®, you might also have your eye on Chase Sapphire Preferred® Card, its lower-cost sibling. That card has an annual fee of $95, but it lacks the same rich benefits. Comparing the two might make you wonder: Is paying a higher annual fee for more benefits actually a better deal?

The answer ultimately depends on your spending. For frequent travelers, the Chase Sapphire Reserve® offers far more long-term value. The Chase Sapphire Preferred® Card is a better choice for those who don’t plan on using so many benefits but still want a large sign-up bonus.

For a more thorough breakdown of the differences, read NerdWallet's full comparison of these two cards. Here's how they stack up at a glance:

To see which of these cards makes the most sense for you, use the calculator below.

Why you might want a different card

If you can't use all the over-the-top benefits on the Chase Sapphire Reserve®, consider applying for one of these cards, instead.

You want access to more lounges. If your go-to airport doesn’t have a Priority Pass lounge, the Chase Sapphire Reserve® might not be of much use to you. The Platinum Card® from American Express could be a better alternative.

With an annual fee of $550, this card isn't cheap. But it comes with much broader airport lounge coverage, along with plenty of other top-flight benefits. In addition to giving cardholders Priority Pass Select coverage, the card also offers access to several other lounge networks, including AmEx's own Centurion lounges and Delta Sky Clubs (for folks flying with Delta on the same day).

You can’t stomach the $450 annual fee. If the Chase Sapphire Reserve® seems a little rich for your blood — even with all of its big perks — go with the less-expensive Chase Sapphire Preferred® Card instead.

As we mentioned earlier, the Chase Sapphire Preferred® Card has an annual fee of $95. It has the same 1:1 transfer partners as the Chase Sapphire Reserve® and a robust sign-up bonus. Although it lacks the most attention-grabbing perks, such as the $300 travel credit, it's ideal for folks looking for a versatile travel card with a lower price tag.

You’re not big on travel. The Chase Sapphire Reserve® is an ideal card for frequent travelers, but it’s not the best option for people who only travel once or twice a year.

If you don't travel often, try the Citi® Double Cash Card – 18 month BT offer instead. Although it’s not a premium card, it offers a top-notch cash-back rewards rate on all purchases. You'll get 1% back on every dollar spent, and another 1% back on every dollar paid off. The annual fee is $0

To find out how these cards might stack up vs. competing travel cards, take a look at NerdWallet’s best credit card offers page.

Is the Chase Sapphire Reserve® right for you?

Spending $450 a year on a credit card is a big deal — and probably isn’t worth it in this case if you’re not a frequent traveler. But if you fly often, the Chase Sapphire Reserve® is worth every penny.