The Chase Sapphire Reserve Overview (Up to date 2024)

Nomadic Matt holding his Chase Sapphire Reserve credit card on a backdrop of a marbled kitchen counter
Posted: 3/4/24 | March 4th, 2024

Nomadic Matt has partnered with CardRatings for our protection of bank card merchandise. Nomadic Matt and CardRatings could obtain a fee from card issuers.

The upgraded model of the Chase Sapphire Most popular, the card_name is my considered one of my favourite premium playing cards. It provides a variety of unbelievable perks for avid vacationers.

Whereas The Platinum Card® from American Categorical will get all of the fanfare when it comes to luxurious rewards playing cards, I personally choose the Chase Sapphire Reserve. It comes with higher points-earning bonus classes; extra sensible, on a regular basis perks (which I’ll get into under); and extra complete journey insurance coverage.

At present, I need to share a bit extra about this card so you may decide whether or not it’s the fitting card for you.

 

What’s the Chase Sapphire Reserve?

card_name

The card_name (also known as CSR) is a journey rewards card issued by Chase. The cardboard comes with a $550 USD annual charge and a number of advantages like lounge entry, journey insurance coverage, and an array of assertion credit. When used proper, these advantages will be value way more than the annual charge.

A type of advantages is a $300 USD annual journey credit score that could be very straightforward to get, successfully decreasing the annual charge to a extra cheap $250 USD. You don’t must do something excessive to obtain this profit both; the primary $300 USD per yr that you just spend on journey is just erased out of your assertion.

Chase additionally has a really broad definition of what it classifies as journey, making it straightforward to benefit from this credit score (even parking garages depend in the direction of it). In line with Chase, they classify journey purchases as together with:

“airways, motels, motels, timeshares, automobile rental businesses, cruise strains, journey businesses, low cost journey websites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking heaps and garages.”

So, the primary $300 USD of purchases you make in any of those classes will likely be eliminated out of your assertion, and after that, you’ll earn 3x factors on these purchases.

And that’s only one good thing about the cardboard. Once you join this card, you’ll get:

  • 60,000 factors (after spending $4,000 within the first 3 months)
  • $300 annual journey credit score
  • 3x factors on journey (earned after incomes your $300 annual journey credit score)
  • 3x factors on eating, together with eligible supply providers and takeout
  • 5x factors on flights when booked via Chase
  • 10x factors on motels and rental vehicles when booked via Chase
  • 10x factors on Lyft + 2-year Lyft Pink membership
  • Precedence Cross Membership and entry to Sapphire Lounges by The Membership
  • $100 credit score towards International Entry or TSA Pre-Verify each 4 years
  • 1 yr of complimentary Instacart+ membership (contains as much as $15 in assertion credit every month via July 2024)
  • Complimentary DashPass membership (contains $5 in DoorDash credit every month)
  • Journey insurance coverage together with emergency medical and dental protection, emergency evacuation insurance coverage, journey delay protection, main automobile rental insurance coverage, misplaced baggage reimbursement, and journey cancellation insurance coverage
  • No international transaction charges

Chase Sapphire Reserve Journey Insurance coverage

The card_name additionally provides essentially the most complete journey insurance coverage out of any bank card and is without doubt one of the solely ones to incorporate any form of medical insurance coverage. It’s my prime decide as the very best bank card for journey insurance coverage.

As a Visa Infinite® card, the Chase Sapphire Reserve’s journey insurance coverage contains the next:

  • Major automobile rental insurance coverage as much as $75,000 USD
  • Journey accident insurance coverage as much as $1,000,000 USD
  • Journey cancelation/interruption protection as much as $10,000 USD per particular person and $20,000 USD per journey
  • Journey delay protection of $500 USD after delays of six hours or extra
  • Misplaced baggage protection as much as $3,000 USD
  • $100 per day for as much as 5 days in case your baggage is delayed
  • Emergency medical and dental protection as much as $2,500 USD for therapy (minus a $50 USD deductible)
  • Emergency evacuation insurance coverage as much as $100,000 USD

Whereas I at all times advocate buying a separate journey insurance coverage coverage, having protection via your bank card is an additional benefit that you just get at no further value.

Utilizing Your Chase Final Rewards® Factors

With this card, you’ll earn Chase Final Rewards® factors. You should utilize these factors such as you would some other rewards program: to get money again, e book journey straight, or switch them to journey companions. You too can redeem them for Amazon or Apple purchases, however these are unhealthy redemption values and I’d not advocate utilizing factors this manner.

The simplest possibility is to redeem your factors for journey within the Chase Journey portal, which works like reserving via Expedia or some other on-line journey company. Once you do that, you’re mainly utilizing your factors as money, at a price of 1.5 cents per level. So, for instance, in case you have 50,000 factors, they’ll be value 75,000 factors when redeemed via the portal. It is a higher worth than for those who merely redeem your factors straight as money, as you’ll solely get a price of 1 cent per level that means.

Utilizing your factors within the Chase Journey portal could be very easy, making it a sexy possibility for factors and miles newbies. If that is the one means that you just’ll use your factors, then utilizing them is healthier than letting them sit round!

Simply know that there are professionals and cons to utilizing the journey portal. Specifically, you may often get extra to your factors whenever you switch them to Chase’s 14 switch companions (which is what you need to be doing along with your factors).

Taking Benefit of Chase’s Switch Companions

The power to switch to its companions is what makes Chase Final Rewards® factors so worthwhile. You may often discover airline and resort redemptions the place you may get way more than 1.5 cents per level. Whereas the precise worth you may get varies enormously primarily based on flight or resort, a great benchmark is The Points Guy’s monthly valuation chart, which values Chase Final Rewards® factors at over 2 cents per level when used as transferable factors.

To offer a real-life instance, the 50,000 factors from the instance above could possibly be an off-peak, round-trip economic system fare from New York to Paris when redeemed via the portal. However for those who switch factors to considered one of Chase’s associate airways, you may benefit from flash offers and saver area, probably discovering the identical fare for as much as 50% much less factors. Until it’s an excellent low-cost flight or resort room (lower than $150 USD), I at all times switch factors to their journey companions, particularly when reserving enterprise class flights or fancy resort rooms. You simply get extra bang to your buck.

Transferring to airline and resort companions is a little more work than utilizing the portal, however there are extra instruments than ever that will help you maximize your factors. For instance, you need to use level.me for locating flights with factors and Awayz for locating award resort stays.

Chase’s present switch companions are:

Airline Switch Companions:

  • Aer Lingus, AerClub
  • Air Canada Aeroplan
  • British Airways Govt Membership
  • Emirates Skywards®
  • Flying Blue AIR FRANCE KLM
  • Iberia Plus
  • JetBlue TrueBlue
  • Singapore Airways KrisFlyer
  • Southwest Airways Fast Rewards®
  • United MileagePlus®
  • Virgin Atlantic Flying Membership

Resort Journey Companions:

  • IHG® Rewards Membership
  • Marriott Bonvoy®
  • World of Hyatt®

Chase Sapphire Reserve vs Chase Sapphire Most popular

By this level, you could be questioning what makes this card totally different from its sibling, the Chase Sapphire Most popular. Each playing cards presently have the identical welcome supply: 60,000 factors after you spend $4,000 within the first 3 months of account opening. Each additionally earn 3x factors on eating. You additionally get journey insurance coverage with each playing cards, although the insurance coverage provided with the Reserve is way more complete.

Given all that, is the Reserve actually definitely worth the greater annual charge?

Finally, that’s as much as you to resolve primarily based in your spending, journey habits, and whether or not you worth the Reserve’s further perks and advantages. However remember that the actual distinction in value between these two playing cards is simply $155 USD per yr. Certain, that’s contemplating the $300 USD annual journey credit score on the Reserve, however I’m guessing that anybody pondering of getting a journey rewards card spends a minimum of $300 USD on journey per yr. And for those who do, you’re prone to come out forward with the Chase Sapphire Reserve as a result of skill to earn factors sooner, use assertion credit, and benefit from luxurious perks like airport lounge entry.

Right here’s a fast cheat sheet of the principle variations:

Chase Sapphire Reserve:

Chase Sapphire Most popular

$550 annual charge

$95 annual charge

$300 annual journey credit score

$50 annual Final Rewards resort credit score

3x factors on journey

2x factors on journey

3x factors on eating

3x factors on eating

10x factors on motels and rental vehicles and 5x factors on flights booked via Chase

5x on all journey booked via Chase

10x factors on Lyft and 2-year Lyft Pink membership

5x factors on Lyft

Factors value 1.5 factors when redeeming via Chase Final Rewards portal

Factors value 1.25 factors when redeeming via Chase Final Rewards portal

International Entry, TSA PreCheck or Nexus credit score (as much as $100) each 4 years

N/A

Precedence Cross membership and entry to Sapphire lounges

N/A

N/A

10% anniversary factors increase

One-year Instacart+ membership and $15 in Instacart credit per 30 days

6-month Instacart+ membership and $15 in Instacart credit every quarter

DoorDash DashPass subscription and $5 in DoorDash credit every month

DoorDash DashPass subscription

Journey delay protection of $500 USD after delays of 6 hours or extra

Journey delay protection of $500 USD after delays of 12 hours or extra

Major automobile rental insurance coverage, covers as much as $75,000

Major automobile rental insurance coverage, reimburses as much as money worth of the automobile, with exclusions

Emergency medical and dental protection as much as $2,500 USD for therapy (minus a $50 USD deductible)

N/A

Emergency evacuation insurance coverage as much as $100,000 USD

N/A

Execs of the Chase Sapphire Reserve

  • Nice rewards-earning charges
  • Giant welcome supply
  • $300 USD journey credit score
  • 14 unbelievable switch companions
  • Glorious journey insurance coverage
  • Assertion credit for International Entry/TSA Precheck (each 4 years)
  • Airport lounge entry via Precedence Cross membership and entry to Sapphire lounges
  • Complimentary memberships (together with Lyft Pink, DashPass, InstaCart)
  • No international transaction charges

Cons of the Chase Sapphire Reserve

  • Giant annual charge ($550 USD per yr)
  • $75 USD approved consumer charge
  •  

    Who Is the Chase Sapphire Reserve For?

    This card is finest for frequent vacationers. For those who get this card, you’ll need to have the option benefit from the cardboard’s accelerated incomes charges on journey and eating, journey assertion credit, and different travel-specific advantages. You’ll get much more out of this card for those who worth perks like airport lounge entry and expediting your airport expertise via International Entry/TSA Precheck, and can switch your factors to considered one of Chase’s switch companions.

    For those who’re solely a semi-regular traveler, you could be higher served by the Chase Sapphire Most popular. This complete evaluate has every little thing you want to find out about that card.

    ***

    The card_name is without doubt one of the finest journey rewards playing cards on the market. It comes with a excessive welcome supply, plenty of perks, and sturdy points-earning capabilities in an effort to rapidly stack up worthwhile Chase Final Rewards factors. You get a ton of worth with this card. I believe it’s value a spot within the pockets of any frequent traveler.

     

    E book Your Journey: Logistical Suggestions and Methods

    E book Your Flight
    Discover a low-cost flight by utilizing Skyscanner. It’s my favourite search engine as a result of it searches web sites and airways across the globe so that you at all times know no stone is being left unturned.

    E book Your Lodging
    You may e book your hostel with Hostelworld. If you wish to keep someplace aside from a hostel, use Booking.com because it constantly returns the most cost effective charges for guesthouses and motels.

    Don’t Overlook Journey Insurance coverage
    Journey insurance coverage will shield you in opposition to sickness, damage, theft, and cancellations. It’s complete safety in case something goes fallacious. I by no means go on a visit with out it as I’ve had to make use of it many occasions prior to now. My favourite firms that supply the very best service and worth are:

    Need to Journey for Free?
    Journey bank cards assist you to earn factors that may be redeemed without cost flights and lodging — all with none further spending. Take a look at my information to selecting the correct card and my present favorites to get began and see the most recent finest offers.

    Want Assist Discovering Actions for Your Journey?
    Get Your Guide is a large on-line market the place you’ll find cool strolling excursions, enjoyable excursions, skip-the-line tickets, personal guides, and extra.

    Able to E book Your Journey?
    Take a look at my useful resource web page for the very best firms to make use of whenever you journey. I listing all those I take advantage of once I journey. They’re the very best at school and you’ll’t go fallacious utilizing them in your journey.

    Nomadic Matt has partnered with CardRatings for our protection of bank card merchandise. Nomadic Matt and CardRatings could obtain a fee from card issuers.