Chase Sapphire Reserve® Credit Card Review: Essential Guide for 2023

The Chase Sapphire Reserve® Credit Card has become a popular choice among frequent travelers, offering a range of impressive benefits and rewards. This premium travel credit card provides cardholders with valuable features that can enhance their travel experiences and potentially save them money over time.

One of the standout features of the Chase Sapphire Reserve® card is its extensive rewards program, which includes travel credits and points earning opportunities. For those who often travel and want to make the most out of their spending, this credit card could be a game-changer. In this review, we’ll dive into the details, evaluating the card’s benefits, fees, redemption options, and other essential factors that will help you decide if this card is right for you.

It’s important to consider the annual fee, rewards structure, and additional benefits offered by the Chase Sapphire Reserve® card in comparison to other available credit cards. By evaluating these aspects, you can make an informed decision on whether this card aligns with your travel needs and spending habits, ultimately optimizing your card rewards and travel experiences.

Key Features

The Chase Sapphire Reserve® Credit Card is well-known for its impressive selection of features and benefits, making it a top choice for travelers and dining enthusiasts. Let’s take a closer look at some of the card’s most notable features.

First and foremost, the card offers an attractive rewards program. Cardholders earn 3 points per dollar spent on travel and dining purchases, making it a perfect companion for those who frequently dine out or travel.

Additionally, the card comes with an annual $300 travel credit, which is automatically applied to eligible travel purchases. This credit helps offset the cost of traveling and can be an excellent way to save money on your trips throughout the year.

The Chase Sapphire Reserve® Credit Card also offers a variety of travel perks, such as trip delay and cancellation insurance, baggage delay insurance, and emergency assistance services. These features provide extra peace of mind while traveling and can save you from potential headaches and expenses in case of unexpected events.

Another valuable benefit of the card is complimentary airport lounge access. Cardholders gain access to over 1,300 airport lounges worldwide through the Priority Pass Select program, providing a comfortable and relaxing space to unwind during layovers or delays.

Lastly, the card includes a suite of valuable purchase protection features, such as purchase protection, extended warranty coverage, and return protection. These benefits help protect your investments and ensure you get the most out of your purchases made with the Chase Sapphire Reserve® Credit Card.

Rewards Program

The Chase Sapphire Reserve® Credit Card has a versatile rewards program designed for frequent travelers and dining enthusiasts. Cardholders earn bonus rewards for travel and dining purchases.

The rewards structure is as follows:

  • 10X points on hotels, car rentals, and more when booking through Chase Ultimate Rewards®
  • 5X points on airfare booked through Chase Ultimate Rewards®
  • 3X points on travel and dining purchases worldwide
  • 1X point on all other purchases

A notable feature of the Chase Sapphire Reserve card is the flexibility of its rewards. Points can be redeemed for travel, dining, cash back, or gift cards through the Chase Ultimate Rewards portal. Additionally, when redeeming points for travel through Chase, they are worth 50% more, thus increasing the value of your rewards.

Points can also be transferred to several airline and hotel partners at a 1:1 ratio, giving cardholders more options for travel redemptions. This flexibility allows you to maximize the value of your rewards, depending on your travel needs and preferences.

Travel Benefits

The Chase Sapphire Reserve® credit card offers several noteworthy travel benefits to cardholders. One prominent feature is the $300 annual travel credit, which automatically reimburses cardholders for the first $300 of travel-related expenses each year. This credit applies to various travel categories, such as flights, hotels, car rentals, and public transportation, making it a highly flexible perk.

Cardholders also enjoy additional points on travel purchases. The Chase Sapphire Reserve® credit card provides 10x points on travel when booking through the Chase Ultimate Rewards portal. Furthermore, cardholders earn 3x points on other travel purchases made directly with travel providers. Earning these valuable points can lead to significant savings on future travel.

Beyond credits and points, the Chase Sapphire Reserve® card opens the door to premium travel experiences. Cardholders receive complimentary Priority Pass Select membership, granting access to over 1,300 airport lounges worldwide. In addition, the card offers benefits such as:

  • Global Entry or TSA Pre✓® fee credit
  • Primary rental car insurance
  • Baggage delay insurance
  • Trip delay reimbursement
  • Travel accident insurance

These travel benefits make the Chase Sapphire Reserve® credit card an attractive option for frequent travelers looking for premium perks and valuable rewards.

Annual Fee and Interest Rates

The Chase Sapphire Reserve® Credit Card comes with a significant annual fee of $550, which may make some potential cardholders hesitant to apply for the card. However, the card’s benefits and rewards may help offset the cost, depending on your spending habits.

When it comes to interest rates, the card has a variable APR ranging from 21.49% to 28.49%. The exact APR that you receive will depend on your creditworthiness and prevailing market rates. Keep in mind that carrying a balance on this card could quickly negate any rewards and benefits earned if you’re paying high interest.

For your reference, here is a brief summary of the card’s annual fee and interest rates:

Annual Fee Regular APR Penalty APR
$550 21.49% – 28.49% Variable Up to 29.99%

To make the most out of your Chase Sapphire Reserve® Credit Card, it’s important to ensure that the benefits you will utilize are enough to justify the annual fee and that you pay your balance in full each month to avoid accruing interest.

Pros and Cons

The Chase Sapphire Reserve® is a popular premium travel credit card offering numerous benefits and rewarding incentives. In this section, we’ll take a look at some of the key pros and cons of this card to provide a clearer understanding of its value.


  • $300 annual travel credit is incredibly flexible, ensuring you can take advantage of travel-related reimbursements.
  • Generous bonus rewards are offered, boosting your point earnings on travel and dining purchases.
  • When redeeming points for travel through the Chase Ultimate Rewards, you get 50% more value for your points.
  • Elite travel perks such as airport lounge access, Global Entry or TSA PreCheck fee credit, and travel insurance coverage.


  • The card comes with a substantial $550 annual fee, which may not be affordable for moderate spenders or those new to the world of premium credit cards.
  • The rewards program may be more complex than simpler cashback cards, requiring careful navigation of point redemption and transfer partners for maximum value.
  • Some travel and dining purchases may not be categorized as such by Chase, potentially limiting your bonus point earnings in certain cases.

These are some of the main factors to consider when evaluating the Chase Sapphire Reserve® credit card. Be sure to weigh the benefits against the costs, and determine whether this card aligns with your spending habits and travel preferences.

Comparison to Competitors

Chase Sapphire Reserve® is a popular premium travel credit card, but it’s essential to compare it to its competitors to determine if it’s the best option for you. A few of the most notable alternatives include the Chase Sapphire Preferred® Card, The Platinum Card® from American Express, and the Citi Prestige® Card.

The Chase Sapphire Preferred® Card is an excellent alternative to the Chase Sapphire Reserve® with a lower annual fee of $95. While it offers a lower point-earning rate (2X on travel and dining), its welcome bonus is often competitive, making it an attractive choice for those looking for a more affordable option.

Another competitor worth considering is The Platinum Card® from American Express. This card is popular among frequent travelers, offering luxury benefits such as access to Centurion Lounges, $200 airline fee credit, and more. However, it also comes with a steep annual fee, sometimes even higher than Chase Sapphire Reserve®.

The Citi Prestige® Card offers a comparable rewards structure with 5X points on dining and air travel, 3X on hotels and cruise lines, and 1X on all other purchases. It also offers a unique complimentary fourth-night hotel stay benefit but has a similar annual fee to the Chase Sapphire Reserve®.

All of these cards cater to different preferences and spending habits. It’s essential to consider your travel and spending patterns when deciding which credit card best suits your needs.


The Chase Sapphire Reserve® is a competitive choice for serious travelers who are willing to invest in a credit card with impressive rewards and travel perks. The card offers bonus rewards for travel and dining, making it suitable for globetrotters who frequently dine out or make travel-related purchases.

Although the card comes with a high annual fee, its extensive list of benefits, such as travel credits, elite travel perks, and premium rewards, justifies the cost for frequent travelers. Noteworthy features include travel protection, lounge access, and a generous points redemption rate through the Chase Ultimate Rewards program.

Potential cardholders should carefully evaluate their travel and spending habits to determine if the benefits of the Chase Sapphire Reserve® outweigh the card’s cost. In the end, the decision should be informed by individual priorities and preferences.

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