Key facts
The New Chase Sapphire Reserve® card ups the ante in travel credit card, offering more than $2,700 in value.
This comes in the form of a gigantic set of features, benefits, and statement credits, plus access to The Edit℠ collection of luxury hotels with special perks just for cardholders.
Annual Fee:
$795Min. Credit Score for Approval:
800-850 * ExcellentOngoing APR:
20.24%-28.74% VariableBalance transfer fees
Either $5 or 5% of the amount of each transfer, whichever is greater.Foreign Transaction Fee:
0%You’ll need to read on to see if the benefits and statement credits outweigh the $795 annual fee (authorized users are $195 and also get the same lounge access as the primary cardmember).
For some, it will be a slam dunk while for others the math may not quite add up.
The elevated 65% bonus has ended – it’s now 50% until August 15th.
Get 65% bonus Marriott Bonvoy points when you transfer Ultimate Rewards points between 12:00 AM ET on June 15, 2025 and 11:59 PM ET on June 30, 2025. When the early bird offer ends, get 50% bonus Marriott Bonvoy points when you transfer Ultimate Rewards points between 12:00 AM ET on July 1, 2025 and 11:59 PM ET on August 15, 2025. Bonus points will be awarded by Marriott Bonvoy in your Marriott Bonvoy account up to 7 days after your transfer is complete.
Here is a link to historical transfer bonuses to Marriott Bonvoy.
And here is a link to historical transfer bonuses specifically from Chase Ultimate Rewards to Marriott Bonvoy. We did see 70% last summer, but other than that 65% is pretty much h as high as it gets while the second tier 50% offer is average.
That said, this is almost never a good transfer unless you are topping off for an award you are ready to book. Keep in mind that we value a Chase point at roughly 3X the value of a Marriott Bonvoy point.
However, there are always exceptions and you might find a 5 night stay (5th night free) where the transfer makes sense so do the math – but you likely do not want to transfer speculatively unless you are a Bonvoy pro and believe you will exceed value you can get via other Ultimate Rewards partners.
Reward multipliers
Here’s how this card earns:
- 8X points on all Chase Travel℠ purchases
- 4X points on flights and hotels booked direct
- 3X points on dining
- 5X points on Lyft rides through 9/30/27
- 1X points on everything else
Earns bonus points for spend in the following bonus categories:
Only applies to bookings made via Chase Travel℠. Otherwise earn 4X points per dollar if booked directly with the airline. Bookings via any other channel earn 1X.
Estimated Rewards Value: 14%
Only applies to bookings made via Chase Travel℠. Otherwise earn 4X points per dollar if booked directly with the hotel. Bookings via any other channel earn 1X.
Estimated Rewards Value: 14%
Only applies to bookings made via Chase Travel℠. Otherwise earn 1X.
Estimated Rewards Value: 14%
Estimated Rewards Value: 5.25%
Estimated Rewards Value: 1.75%
ALREADY HAVE THIS CARD?
Pair another card and boost your rewards
In some cases, adding cards from the same points system will increase your rewards by unlocking a higher point value based on the ability to transfer points to air or hotel partners. In other cases, the cards simply work together to earn more points with one bank or diversify your bonus category rewards across banks.
Key features
Unique Card Benefits
IHG Platinum Status
Valid through December 31, 2027. Activation is required by linking IHG One Rewards membership on Chase.com or the Chase mobile app, simply by having the card!
Complimentary access to Reserve Travel Designers
Offering end-to-end travel planning from custom itinerary to trip support. This offers you access to luxury travel planners that would normally charge a fee of up to $300 per trip – i.e. this is a real benefit for those that like help with their trip itineraries.)
Points Boost
This allows you to get 2 cents per point in the travel portal on select premium (Premium Economy and higher classes of service) air and hotel bookings – essentially a rotating set of offers on select airlines and at select hotels in which your points will be worth 2 cents each.
When you search the portal for a flight or hotel destination, Points Boost (2 cent per point) redemptions will appear first and very obviously display the 2 cent per point value.
If an Emirates round trip to Milan in Business Class is $5,000, for example, and is being offered as a Points Boost selection, you’d pay 250,000 Ultimate Rewards® points.
The redemptions at 2 cents are focused on premium economy and higher classes of service for flights and premium hotels.
Even better, if you have other credit cards that earn Ultimate Rewards points, like a Freedom Flex, Freedom Unlimited, Ink Business Preferred, Ink Unlimited, or Ink Cash, you can combine all of those points to your Sapphire Reserve to redeem using Points Boost.
Chase Sapphire Lounge by the Club and Priority Pass Lounge Access includes Experiences (but not Dining)
First, this card gets you and up to two guests access to all Chase Sapphire Lounge by The Club locations, a growing collection of premium airport lounges.
The Chase Sapphire Reserve also has Priority Pass airport lounge access.
The unique feature here is that while American Express and Capital One cardmembers with Priority Pass are not eligible to take advantage of what Priority Pass calls “experiences” which translates to savings on airport shopping and spa experiences, Chase Sapphire Reserve (And Chase JP Morgan Reserve) cardmembers are still eligible.
However, Chase Sapphire Reserve cardholders are no longer able to dine at airport restaurants associated with Priority Pass. This benefit ended March 2024.
To describe the additional benefit in detail:
1) Spa Experiences
You can get complimentary spa treatments at participating Be Express spas which are all over US airports.
- As of March 2024, treatments eligible for free were:
- Be Back 15-minute Massage plus O2 (a US$38 value)
- Be Back 30-minute Massage (a US$38 value)
- Polish Change plus Hand Massage (a US$38 value)
- Be Feet on lounger 10-minute plus O2 (a US$44 value)
In summary, the Chase Sapphire Reserve credit card gives you the above experiences in addition to the Priority Pass lounges. This card is great for frequent travelers!
2) Shopping discounts
Sometimes you will see an offer for a discount at an airport retail outlet with your Priority Pass card.
The Edit
Book through The Edit and discover a curated collection of inspired stays with cardmember benefits including daily breakfast for two, a $100 property credit, room upgrades (upon availability) and more.
Your hotel status, if applicable, will also be honored giving you the best of both worlds including loyalty program elite status recognition, hotel program points earning, and elite night credits towards your annual status renewal.
The Sapphire Reserve also includes up to $250 in statement credits from January through June and again from July through December for a maximum of $500 annually for prepaid bookings made with The Edit. Two-night minimum.
Purchases that qualify will not earn points for the amount of the credit.
DashPass by DoorDash
Get complimentary access to DashPass – a membership for both DoorDash and Caviar – a value of $120 for 12 months – which unlocks $0 delivery fees and lower service fees on eligible orders for a minimum of one year when you activate by Dec 31, 2027.
Peloton
Get up to $120 back in statement credits each year towards Peloton Membership purchases. That’s $10 per month on eligible Peloton All-Access Membership, Rental, App+, Guide, App One and Strength+ memberships through 12/31/27. Activation required.
Also, earn 10x total points on Peloton equipment and accessory purchases over $150 through December 31, 2027.
Premium Benefits Unlocked with $75,000 Spend
Cardmembers can earn additional status and credits after spending $75,000 each calendar year:
- IHG One Rewards® Diamond Elite Status good for the year earned and the following year.
- Southwest Airlines® A-List Status for the year earned and the following year and a $500 Southwest Airlines credit when booked through Chase Travel.
- $250 credit to The Shops at Chase.
Annual Statement Credits
This is a long list! Let’s dig in…
$300 Annual Travel Credit
It’s easy to offset $300 of your annual fee since the Chase Sapphire Reserve will automatically reimburse you for your first $300 in travel purchases annually.
That includes everything from flights, hotels, and cruises to parking garages and parking meters.
$500 annual The Edit credit
Chase Travel’s collection of over 1,100 hand-picked hotels and resorts (Bi-annual credits of $250; Jan-June and July-Dec)
$300 annual dining credit and primetime reservations at Sapphire Reserve Exclusive Tables
These are available for booking on OpenTable.
This credit is in the form of two bi-annual $150 statement credits (Jan-June and July–Dec) and will be automatically applied when you use your Sapphire Reserve to pay for a designated “Exclusive Table” on OpenTable.
$250 annual value through complimentary subscriptions to Apple TV+ and Apple Music
Get complimentary Apple TV+ and Apple Music – a value of $250 annually. One-time activation is required (per service – need to activate Apple TV+ and Apple Music separately) on chase.com or on the Chase Mobile app.
$300 annual StubHub / viagogo credit on concert and event tickets
Get up to $150 in statement credits from January through June and up to $150 in statement credits from July through December for a maximum of $300 annually for StubHub and viagogo purchases. Activation required.
$120 in annual Lyft in-app credits
Get up to $10 monthly, plus 5x total points on eligible Lyft rides
$300 annually in monthly DoorDash promos and complimentary DashPass membership worth $120
The $300 in annual credits is broken down as $5 a month towards a dining order and 2 X $10 a month for groceries, beauty, electronics, etc.
Up to $120 in annual statement credits toward Peloton memberships.
That’s $10 per month on eligible Peloton All-Access Membership, Rental, App+, Guide, App One and Strength+ memberships through 12/31/27. Activation required.
After $75,000 Spend in a Calendar Year
Cardmembers can earn additional status and credits after spending $75,000 each calendar year:
- $500 Southwest Airlines credit when booked through Chase Travel.
- $250 credit to The Shops at Chase
Airport Lounge Access
As described above in the Unique Card Benefits of the Chase Sapphire Reserve, you get access to two sets of airport lounges.
The first is access for you and up to two guests to all Chase Sapphire Lounge by The Club locations, a growing collection of premium airport lounges.
You also get full Priority Pass Select membership, which includes unlimited lounge access for you to every Priority Pass airport lounge including up to two guests (additional guests are $27 per visit). Priority Pass experiences (excluding airport restaurant locations) are included.
Lastly, you also get access to select Air Canada Maple Leaf Lounges and Air Canada Cafés in the U.S., Canada and Europe with an eligible boarding pass.
One time enrollment is required.
Primary Car Rental CDW Waiver
Auto Rental Coverage
With the Chase Sapphire Reserve, you can not only decline the car rental company’s collision damage waiver when you book and pay with your Card, but rest assured that coverage is Primary. This means that if your rental damage, you would not be forced to first deal with your own auto coverage.
It will be completely taken care of by this coverage, up to $75,000 for theft and collision damage for rental cars in the U.S. and abroad (be sure to check vehicle and country restrictions before traveling).
Primary rental car insurance is more rare than you might think! Most are secondary to your own insurance.
Just keep in mind that no CDW/LDW coverage includes liability.
Specific limitations apply to New York residents: Auto Rental Coverage – inside the United States coverage is secondary to your personal automobile insurance.
Earns Transferable Points
You’ll earn valuable Chase Ultimate Rewards® points with each eligible dollar you spend on your Chase Sapphire Reserve.
I personally believe that Ultimate Rewards points are the most valuable of all of the major transferable bank points, with transfer partners like World of Hyatt and United Airlines.
We value Chase Ultimate Rewards points at 1.75 cents a piece, due to the flexibility their airline and hotel transfer partners provide for booking premium travel.
If you don’t understand how to redeem using frequent flyer and hotel programs, you can use your points to book almost any travel directly using Chase Travel℠
You can either book a Points Boost offer on selected premium flights and hotel stays and get 2 cents per point in value or redeem for any other offering in Chase Travel where your points are worth 1 cent per point.
And Chase also offers a program called Pay Yourself Back, where you can cover certain purchases with your points at a value that may vary. Not as good as what you get for travel, but works for some who aren’t currently traveling.
Worst case, you can cash your Ultimate Rewards points out for 1 cent each.
Here is a matrix of all available Chase Ultimate Rewards Airline and Hotel Transfer Partners:
| Chase Ultimate Rewards Transfer Partners | ||
|---|---|---|
| Transfer Ratio | Expected Transfer Time * | |
| Aer Lingus Avios | 1:1 | Instant |
| Air Canada Aeroplan | 1:1 | Instant |
| Air France Flying Blue | 1:1 | Instant |
| British Airways Avios | 1:1 | Instant |
| Emirates | 1:1 | Instant |
| Iberia Avios | 1:1 | Instant |
| JetBlue | 1:1 | Instant |
| Singapore Airlines KrisFlyer | 1:1 | ~ 1 - 2 days |
| Southwest Airlines | 1:1 | Instant |
| United MileagePlus | 1:1 | Instant |
| Virgin Atlantic Flying Club | 1:1 | Instant |
| Hyatt | 1:1 | Instant |
| Marriott Bonvoy | 1:1 | ~ 1-2 days |
| IHG Rewards Club | 1:1 | ~ 24 hours |
Global Entry / TSA PreCheck Reimbursement
You can get a statement credit of up to $120 every four years for Global Entry or TSA PreCheck as reimbursement for the application fee charged to your Chase Sapphire Reserve.
Chase is unique in also covering NEXUS (the Canadian border program) in addition to Global Entry or TSA PreCheck.
Return Protection
If the store won’t take back an eligible item within 90 days of purchase, Chase will cover you for up to $500 per item (max $1,000 per year).
Extended Warranty
Extend your U.S. manufacturer’s warranty by an additional year, on eligible warranties of 3 years or less.
Purchase Protection
Coverage with your Chase Sapphire Reserve is for 120 days against theft or damage.
Limits are up to $10,000 per claim and a maximum of $50,000 per year.
Trip Protections
Trip Cancellation/Interruption Insurance
Offers up to $10,000 per person and $20,000 per trip for your pre-paid and non-refundable travel expenses – up to the value put on your Card within the overall limit). Covered situations include sickness, severe weather and more (see benefits guide).
Lost Luggage Reimbursement
Your Checked and Carry–on Baggage each have a maximum benefit up to three thousand ($3,000.00) dollars per Covered Person per Trip.
Both include a sub–limit up to five hundred ($500.00) dollars for jewelry and watches and a sub–limit up to five hundred ($500.00) dollars for cameras and other electronic equipment per Covered Person per Trip. Additional restrictions apply.
New York State Residents: You are additionally limited to $2,000 per bag and $10,000 for all Covered Travelers per Trip.
Trip Delay Reimbursement
If you have purchased common carrier travel with your card (airfare, train fare, etc) and are delayed more than 6 hours or require an overnight stay, you and your family can be reimbursed for unreimbursed expenses, like meals and hotels, up to $500 per ticket.
Emergency Evacuation & Transportation
This benefit covers medical services and emergency evacuation transportation (up to $100,000) when you or a member of your immediate family get sick or are injured far from home..
Baggage Delay
Reimburses you up to $100 a day for up to 5 days for essential purchases like toiletries and clothing when baggage is delayed over 6 hours.
No Foreign Transaction Fees
As you’d expect, there are no foreign transaction fees with the Chase Sapphire Reserve credit card.
Roadside Assistance
Get a tow, jumpstart, tire change, locksmith or gas with your Chase Sapphire Reserve – up to $50 per incident, 4 times a year.
Concierge Services
Your Chase Sapphire Reserve gives you access to the Visa Infinite Concierge for help with dinner reservations as well as show and event tickets. That’s in addition to your access to Reserve Travel Designers.
Travel and Emergency Assistance Services
With the Chase Sapphire Reserve, you can call for legal and medical referrals or other travel and emergency assistance. (Please note that you will be responsible for the cost of any goods or services provided.)
Free Access to Credit Score
Chase Credit Journey will provide free access to your credit score.
Metal Card
Add some heft to your wallet with the Chase Sapphire Reserve, which weighs an impressive 19.6 grams.
That’s 7 grams more than the previous incarnation of this card! It’s also the heaviest of all mainstream credit cards.
Earn more rewards by combining credit cards
Pros & cons
- Aside from a $300 annual credit on travel, you'll earn up to 8X on all travel purchases made via Chase Travel℠
- Chase Sapphire Lounge by the Club and Priority Pass Select airport lounge access for you and 2 guests, including Priority Pass Experiences
- The potential for more than $2,700 in annual value in benefits and statement credits.
- High annual fee
- Not as many bonus categories as some other cards
- If booking travel directly (rather than via Chase Travel℠), 4X bonus categories are limited to Airfare and Hotels booked directly but not all travel.
Our review
💳 This card earns Chase Ultimate Rewards points. Chase often runs transfer bonuses where you can get even more points when you transfer to airline or hotel partners at designated times. Transfer bonuses are awesome. Get 20%, 30%, 40% or more bonus miles when you transfer points at the right times. But they are easy to miss!
You can see all past Transfer Bonuses from Chase Ultimate Rewards here.
Even better? Get notified when a new transfer bonus comes out and again before it ends (either or both, your choice). Sign up for free alerts right here. 🔔
The Chase Sapphire Reserve® is a luxury travel card legend – there’s no doubt about that.
The 2025 refresh, however, with the increase in fee to $795, makes this a must have for some, but not all, travelers. It remains one of the strongest travel credit cards on the market, competing with the Capital One Venture X and The Platinum Card® from American Express.
Whereas the older version of the card was more about simplicity, the new version packs in $2,700 in annual total value for the $795 annual fee. But that doesn’t mean you’ll use all of that value.
My baseline assumption is that everyone that is interested in this card will use the $300 travel credit, the same as always – applied towards absolutely any travel including parking.
Then there is the $300 annual dining credit. While that is $150 bi-annually, it seems ridiculously easy to dine twice a year at restaurants that are part of Sapphire Reserve Exclusive Tables. You don’t even have to book via the program. The card will know the restaurant participates and give you the credit. I feel like this applies to a majority of the target market for this card which I believe skews towards those in or near urban/suburban locations.
So in two lines, we see $600 in statement credits out of a $795 annual fee.
But of course there’s much more to the card than those two credits!
If you use even one $250 credit for the Edit, you are ahead.
If you use the Chase Sapphire lounges or Priority pass a few times a year with the most generous guest access policy around at 2 guests, you are ahead.
If you have a Travel Planner plan even one trip a year, you are ahead.
If you like live events and use the two StubHub credits ($150 bi-annually), you are ahead.
And finally, let’s revisit the bonus categories for spend.
- 8X points on all Chase Travel purchases, replacing 5x points on flights and 10x points on hotels and car rentals booked through Chase Travel
- 4X points on flights and hotels booked direct, replacing 3x points on all travel
- 3X points on dining
Keep in mind that only hotels booked through The Edit℠ will confer full hotel loyalty program benefits – status honored, benefits honored, elite night credits earned, and loyalty points earned. Other hotel bookings will not.
With that said, if you book a lot of travel and are willing to book via Chase Travel, then 8X on all travel is pretty amazing! And even if you don’t, 4X on hotels booked direct are at the top of the market and 4X on airfare is second only to the Platinum Card® from American Express.
I think that for some, those bonus multipliers will result in mountains of earned points – but, certainly, for others the spend level might not be enough to make that up.
And so I’m back where I started. Assuming you will use the $300 travel credit and the $300 “Sapphire Reserve Exclusive Tables” dining credit, all you have to do is look up at the benefits and statement credits and find more than $195 in additional value for the card to pay for itself.
If it doesn’t? Then it may not be the right card for you. We have plenty of other great transferable points based rewards travel cards in our Card Explorer!
Either way, hopefully you have all the information you need to make an informed decision.
Eligibility
You can now hold both the Chase Sapphire Preferred® and the Chase Sapphire Reserve® card. Finally!
However, the bonus will be subject to eligibility rules which will determine if you are eligible or not. You will be notified during the application process if you are not eligible for a bonus offer and given the choice to continue the application or cancel the application with no impact to your credit score.
You must also be under 5/24.
Frequently asked questions
Does Chase Sapphire Reserve have an annual fee?
It does. The annual fee is $795, though there is also a $300 annual travel credit that covers part of that and many other available credits that total over $2,000 in value.
Does the Chase Sapphire Reserve get you into airport lounges?
Yes, it comes with Priority Pass Select membership which covers you and 2 guests. Dining experiences are excluded.
Is it hard to get the Chase Sapphire Reserve?
It’s not as hard as you might think. Despite being the most premium consumer Chase credit card, a 740 FICO or so should be enough to qualify you. Of course, that’s just one consideration for Chase. Other factors like your 5/24 will come into play.
Is it worth getting the Chase Sapphire Reserve?
With such a large annual fee, but also so many features, benefits, and statement credits, the answer is super individualized. You’ll need to total up the value of the benefits and credits that you would really use (easily!) and if that is above the annual fee, you’re good to go. Also think about how much you’ll spend in the rich bonus categories.
How do I earn points / cash with the Chase Sapphire Reserve?
- 8X points on all Chase Travel℠ purchases, replacing 5x points on flights and 10x points on hotels and car rentals booked through Chase Travel
- 4X points on flights and hotels booked direct, replacing 3x points on all travel
- 3X points on dining
- 5X points on Lyft rides through 9/30/27
- 1X points on everything else
Is there a better credit card than the Chase Sapphire Reserve?
For you, maybe? The best way to find out is to enter your spending information and select your feature and benefits preferences in our World Famous Card Explorer.
Does the Chase Sapphire Reserve charge foreign transaction fees?
The Chase Sapphire Reserve credit card will never charge you any foreign transaction fees. It’s a traveler’s credit card, after all!
Does the Chase Sapphire Reserve have car rental coverage?
Yes! If your rental damage, you would not be forced to first deal with your own auto coverage. It will be completely taken care of by this coverage, up to $75,000 for theft and collision damage for rental cars in the U.S. and abroad (be sure to check vehicle and country restrictions before traveling).
Coverage is secondary in New York State.
Does the Chase Sapphire Reserve come with any Elite Status?
Yes. The Reserve covers your eligible new purchases for 120 days from the date of purchase against damage or theft up to $10,000 per item
Does the Chase Sapphire Reserve offer extended warranty?
Yes. Extend your U.S. manufacturer’s warranty by an additional year, on eligible warranties of 3 years or less.
Does the Chase Sapphire Reserve offer purchase protection?
Yes. Coverage with a Chase Sapphire Reserve credit card is for 120 days against theft or damage. Limits are up to $10,000 per claim and a maximum of $50,000 per year.
It also has Return Protection, offering reimbursement for eligible items that the store won’t accept within 90 days of purchase, up to $500 per item and up to $1,000 total per 12-month period.
Does the Chase Sapphire Reserve offer trip protections?
Yes, it offers several, including Trip Cancellation/Interruption Insurance, Lost Luggage Reimbursement, Lost luggage insurance, Trip Delay Reimbursement and Emergency Evacuation & Transportation. We have all the details above.
What credit score do I need to get a Chase Sapphire Reserve?
You’ll likely need a Good to Excellent credit score for a Chase Sapphire Reserve credit card approval. That’s roughly a 740 FICO or better. The minimum credit line on a Chase Sapphire Reserve credit card is $10,000.
What can I do with the points earned for spending on the Chase Sapphire Reserve?
Redeem them through the Ultimate Rewards portal with a value of up to 2 cents using Points Boost (curated and limited redemptions that change) or 1 cent per point for other portal redemptions.
Does the Chase Sapphire Reserve have Cell Phone Protection?
No, at this time, the Chase Sapphire Reserve credit card does not have Cell Phone Protection coverage.
