Even with the $550 annual fee, the Chase Sapphire Reserve® credit card is a terrific offer for those who travel often. It is notable for being one of the finest premium travel cards that can be obtained since it comes with benefits such as a yearly travel credit of $300 and bonus credits that can be transferred at a ratio of 1:1 to several other loyalty programs.
However, you will be required to make purchases via the Chase Ultimate Points® site to earn this card's greatest possible rewards rate, which may be restrictive. And even though the card provides a good overall value for those who spend a significant amount of money on travel and eating, you may find that a different travel card is a better option for you if you cannot use some of its more specialized advantages. Below you'll find the chase sapphire reserve review.
This Card is Best For
If you are a frequent traveler with great credit and are looking for a premium travel credit card, the Chase Sapphire Reserve is a tempting option. On the other hand, it is also a fantastic alternative for regular customers who only take a few trips each year but want to experience the pleasures of luxury while on the go. Access to over a thousand airport lounges for free is a nice perk, and a credit of up to $100 (every four years) for Global Entry or TSA Precheck is a nice bonus.
If you spent around $108 each week on travel and eating (which both earn 3 points for every $1 spent) and redeemed those points for travel via Chase Ultimate Rewards, you would more than cover the cost of the card's annual fee. You may get three points for every dollar spent on food or transportation.
Those who already have other Chase credit cards that earn Ultimate Rewards points or are interested in applying for such cards stand to benefit the most from this card. This is because you can move points freely between your account for this card and your accounts for the other cards. Therefore, you can choose the Chase credit card on which you will earn the most points for each purchase and then transfer the points earned with that card to the account associated with your Chase Sapphire Reserve card. Because of this, you can take advantage of the bonus rate on trips purchased via Chase Ultimate Rewards.
Rewards Earning Details
When you use Ultimate Rewards® to make purchases at Chase Dining, you will earn ten times the total points. Earn double points on flights and three times as many on all other travel. You may earn three times the points on any other meal you do at restaurants, such as qualified delivery services, dining out, or ordering takeout. In addition, you will get one point for every dollar spent on other purchases.
The types of expenditures that are considered to be "travel" by Chase are quite broadly defined. In addition to purchases made through airlines, hotels, and motels, eligible acquisitions include those made via timeshares, bargain travel websites, campsites, car rental agencies, and cruise lines. Expenditures on public transit, limos, taxis, ferries, roads, toll bridges, parking lots, and garages are not included in this calculation; however, expenditure on other fuel and gasoline is. "dining" refers to both quick-service eateries and more upscale establishments.
Rewards Redemption Details
This card stands out from others since it provides various options for redeeming its benefits. Using the Chase Ultimate Rewards platform, you can immediately utilize any points you earn to book travel and various other activities. However, you may also redeem points for cash back, gift cards, orders placed on Amazon.com, and purchases made on Apple.com.
When redeemed for travel via Chase Ultimate Rewards, points are worth 1.5 cents per point; however, the same number of points is only worth 1 cent when redeemed for cash back, experiences, or gift cards. Redemptions made for purchases made on Amazon.com and Apple result in a revenue of 0.8 cents for every dollar spent. Doing business with these organizations is not wise unless you cannot wait to turn your points into cash before purchasing from them. As long as your Ultimate Rewards credit card account is active, your points will never become invalid.
Security Features
Customers who use Chase credit cards get a variety of security perks, most of which are common across card issuers. When you log in to your Chase account through the internet or mobile app, there are various authentication checks that you must pass. This is one of the many safety measures that Chase provides. In addition, it encrypts your login and password and any other sensitive account information it finds in your profile and monitors it for signs of fraud.
