Is The Chase Sapphire Reserve Card Worth it?
Is Chase Sapphire Right For You?
The Chase Sapphire Reserve is probably my favorite card overall. I was fortunate enough to sign up when the 100k point bonus was live. Drinks flowing in airport lounges like it ain’t no thing. People calling me sir without adding “you’re making a scene”. You immediately become more attractive and interesting. This card gives you a taste of the good life.
Even without the 100k sign up bonus, it’s still a fantastic card but may not be a good fit for everyone. I will break down the pro’s and con’s so you can figure out the Chase Sapphire Reserve is right for you.
Sapphire Reserve Card Benefits
• 50k signup bonus after 4k in minimum spend in the first 90 days
• Access to Priority Pass Lounges (Over 900 worldwide)
• Free TSA Pre-Approval or Global Entry
• Earn 3x points on travel, restaurants, bars, Uber and more
• 1 point for all other purchases
• Very simple system to book travel, similar to a Kayak.com type search engine (redeemed at 1.5 cent per point)
• Flexible points meaning they can be used for Flights, Hotels and more
• Or transfer your points to partners such as United, Southwest, British Airways, Marriot and more (You can often get the most value redeeming this way.)
• No foreign transaction fees (huge for digital nomads and frequent travelers)
Sapphire Reserve Card Benefits Benefits
• Trip Insurance
• Rental Car Damage Waiver
• Lost Luggage Reimbursement
• Roadside Assistance
• Special Member events
• Product Purchase Protection
$450 annual fee w/ ($300 travel credit), so really $150 is the annual fee.
How to Redeem Chase Ultimate Rewards Points
Just like the Chase Sapphire Preferred, you will redeem points using the Chase Ultimate Rewards System. Learn how to use Chase UR Points.
You can also transfer to airline partners such as Southwest & United (and many more), use for Airbnb or even redeem for gift cards (which I do not recommend).
Is Chase Sapphire Reserve Worth it for You?
With a $450 annual fee there are certainly some things to think about here. This card might not make sense for everyone. Just remember that with a $300 per year travel credit (use the card for travel and $300 each year is automatically deducted) really make this card a $150 annual fee with benefits to boot. Big difference.
Chase Sapphire Reserved might make sense for you if:
• You travel a lot and want access to Priority Pass lounges (especially if your home airport has access)
• You want free Global Entry or TSA Pre Check (a game changer for domestic travel)
• You spend a lot of money on travel, dining, bars, trains, uber, etc.
• Have another card w/ Chase UR Points as you can get 1.5 cents per mile if booking via portal, the highest return of any Chase card
Will The 100K Bonus Return?
From everything I am hearing, unfortunately no the 100k bonus will not be returning anytime soon. Apparently Chase has been losing money on the Sapphire Reserve. I don’t see the 100k bonus returning ever to be honest. It’s still the best premium card on the market imho. Don’t wait around for an increased bonus as it may never come.
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<p style=”text-align: center;”><strong><span style=”color: #00a8ff;”>My favorite beginner travel rewards card, the Chase Sapphire Preferred</span></strong></p>
<p style=”text-align: center;”><strong><span style=”color: #00a8ff;”> </span></strong></p>
Disclosure: I may receive compensation or points for some of the links posted on this blog. If you do use one of my affiliate links I am very grateful for your support. After all, I can’t buy food or beer with points so your support is important to keeping the blog running. I publish this blog based on my opinion and what I truly believe to be the truth and will not change this to try to increase compensation. Thanks for your support!
Chase Sapphire Preferred® Card
With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.
More Things to Know about CHASE SAPPHIRE PREFERRED® CARD
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards