CHASE SAPPHIRE RESERVE REVIEW 2020!
Mark Reese // Credit & Finance
•January 30th, 2021
DESCRIPTION
The Chase Sapphire Reserve is an extremely popular credit card and it’s one of the best credit cards for travel. Let’s do a full review and discuss why! Click "Show More" to see Ad Disclosure.
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SIGNUP BONUS (as of Jan. 2021)
Earn 50,000 Chase Ultimate Rewards points after spending $4,000 in the first 3 months. The approximate value is $500 to $750+ depending on how you redeem your points.
ANNUAL FEE = $0
EARN CHASE ULTIMATE REWARDS POINTS
3X Travel
3X Dining
3X Grocery Stores: Up to $1K spend / mo. thru 4/30/2021
1X Everything Else
WHAT COUNTS AS TRAVEL FOR CHASE SAPPHIRE RESERVE
airlines
hotels
motels
timeshares
car rental agencies
cruise lines
travel agencies
discount travel sites
campgrounds
passenger trains
buses
taxis
limousines
ferries
toll bridges
highways
parking lots
garages
LEARN MORE (including dining & other categories):
https://www.chase.com/personal/credit-cards/rewards-category-faq
REDEEM CHASE ULTIMATE REWARDS POINTS
- Travel (Chase Transfer Partners): 2.0¢ per point (average)
- Travel (Chase Travel Portal): 1.5¢ per point (flat rate)
- Pay Yourself Back (Statement Credit, select categories): 1.5¢ per point (flat rate)
- Cash Back (Statement Credit or Deposit): 1.0¢ per point (flat rate)
CHASE TRANSFER PARTNERS
Aer Lingus, AerClub
British Airways Executive Club
Emirates Skywards
Flying Blue Air France KLM
Iberia Plus
JetBlue TrueBlue
Singapore Airlines KrisFlyer
Southwest Airlines Rapid Rewards
United MileagePlus
Virgin Atlantic Flying Club
IHG Rewards Club
Marriott Bonvoy
World of Hyatt
CHASE SAPPHIRE RESERVE BENEFITS
- Travel Credit: $300 per year for travel purchases. (Through 6/30/2021, gas station & grocery store purchases will also count.)
- TSA Precheck or Global Entry Credit: Up to $100 every 4 years
- Airport Lounge Access: Priority Pass Select membership
- Luxury Hotel & Resort Collection: VIP perks at top hotels & resorts
- DoorDash: DashPass for 1 year, PLUS $120 statement credits*
- Lyft: Earn 10X points thru March 2022, PLUS Lyft Pink for 1 year*
- Peloton: $120 back on Peloton Digital / All-Access Membership*
- No Foreign Transaction Fees
NOTE: Partner benefits have expiration dates / enrollment deadlines.
INSURANCE & PROTECTIONS
- Trip Cancellation / Interruption Insurance
- Auto Rental Collision Damage Waiver
- Lost Luggage Reimbursement
- Trip Delay Reimbursement
- Emergency Evacuation & Transportation
- Purchase Protection
- Return Protection
- Extended Warranty Protection
SHOULD YOU GET IT?
YES if you…
- Travel frequently
- Spend broadly on Travel & Dining
- Will spend $300+ on travel each year
- Value Chase’s transfer partners
- Will use partner benefits
- Want to pool points for travel with Freedom Unlimited, Freedom Flex and/or Ink Business credit cards
NO if you…
- Prefer cash back
- Don’t like high annual fees
- Don’t travel often
- Want the greatest # of options to fly internationally in business/1st Class cabins
GOOD TO KNOW
- Subject to Chase 5/24 Rule
- Subject to 48-Month Rule: The product is not available to either (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months.
- Downgrade to lower-tier cards after 1 year is possible
- Authorized users cost $75 per person, per year
- Metal card
OTHER CHASE CREDIT CARDS TO CONSIDER (All of these earn Ultimate Rewards points that can be combined)
- Chase Sapphire Preferred
- Chase Freedom Flex
- Chase Freedom Unlimited
- Chase Ink Business Preferred
- Chase Ink Business Unlimited
- Chase Ink Business Cash
OTHER TRAVEL CREDIT CARDS TO CONSIDER
- US Bank Altitude Reserve (great for earning 3X via mobile wallets)
- Citi Prestige Card (earns Citi ThankYou points)
- Citi Prestige Card (earns Citi ThankYou points)
- Amex Platinum Card (earns Membership Rewards points)
- Amex Green Card (earns Membership Rewards points)
- Wells Fargo Propel American Express Card (earns GoFar Rewards points that have equal value for travel & cash back; no transfer partners)
- Capital One Venture Card (earns Venture miles that give the best value for covering travel charges)
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #travelcreditcards #chasesapphire
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