Chase Sapphire Reserve Review: Plentiful Travel Perks

Chase Sapphire Reserve Review: Plentiful Travel Perks

Chase Sapphire Reserve Review: Plentiful Travel

Current bid:

50,000 bonus points after spending $4,000 on purchases in the first 3 months of account opening.

Best Rated for

• The best credit cards for car rental insurance
• The best Chase credit cards
• The best hotel credit cards
• The best airline credit cards
• The best Visa credit cards
• The best travel credit cards

Who is this credit card best for?

• He flies regularly and likes to find ways to get even more travel, for free. See more cards. Jet Setter.
• Search diligently for the best products and delicacies in a good offer. See more cards. Offer finder.
• He often hits the road, either for work or play. See more cards. Road warrior.
• He loves to explore places and experience new things. See more cards. Adventure seeker.

If you have excellent credit and spend a lot of money on food and travel, this credit card could be a great one for you. Once you’ve earned your travel credit, you’ll work off the annual fee as long as you spend $16,667 per year (or approximately $1,389 per month) on any combination of travel and dining purchases, assuming you redeem your points for 1.5 cents each on portal travel. That’s not hard for many frequent travelers or familiesqlpros

• Bonus points for travel and restaurant purchases
• Many types of purchases that count as travel expenses
• Lucrative redemption options
• Statement credits help offset the cost of the annual fee

cons

• Large annual fee
• high APR

pros explained

• Bonus points for travel and restaurant purchases: Very few travel cards include the highest reward rates possible in both categories. Earning 3 points per $1 spent on dining expenses makes it easy to earn points while you enjoy traveling and dining at home. Cardholders will also earn 10 points for every $1 spent on each Lyft ride through March 2022.
• Many Types of Purchases That Count as Travel Expenses – Chase defines travel spending more broadly than many competitors. It includes everything from airlines and hotels to camping and parking (more on that below). That makes it easier to earn rewards.
• Lucrative redemption options: You have two stellar options: transfer to other eligible loyalty programs on a 1:1 basis and book travel through the Ultimate Rewards portal with a good redemption rate.
• Statement credits help offset the cost of the annual fee: You’ll earn a $300 travel credit each year, and you can also earn up to $60 in statement credits for DoorDash food deliveries.

Cons explained

• Large Annual Fee: As with many premium rewards cards, the Chase Sapphire Reserve comes with a hefty annual fee: of $550 for new cardholders. There are ways to make up for it, but you’ll need to travel and dine out quite often.
• High APR – Because this card requires a high volume of spending to earn rewards, it’s important to note the high annual percentage rate (APR). If you don’t pay your balance each month, you’re looking at an APR of 18.49-25.49%, depending on your credit.

If you carry a balance, interest charges will quickly wipe out the value of any rewards you earn. Do not use this card unless you can pay the balance in full