I applied for the Chase Sapphire Reserve® Card shortly after it was introduced, and it’s the card on which I’ve put the most spend, given how rewarding it is.
Many people say that this card is “too good to be true,” and I don’t disagree. When you look at the combination of the sign-up bonus, the return on spend, and the perks it offers, this is a very well rounded card.
While the card has a $450 annual fee, your real “out of pocket” shouldn’t end up being nearly that high.
Current Offer:Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee: $450
Foreign Transaction Fees: $0
Card Bonuses: 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
Chase Sapphire Reserve Rewards Program
The Chase Sapphire Reserve earns Ultimate Rewards Points, which I find to be one of the most valuable flexible points currencies.
Ultimate Rewards points transfer at a 1:1 ratio to the following programs:
|Aer Lingus Aer Club||IHG Rewards Club|
|Air France/KLM Flying Blue||Marriott Bonvoy|
|British Airways Executive Club||World Of Hyatt|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
In general, here’s how long you can expect it to take for points to transfer:
|Ultimate Rewards Transfer Partner||Transfer Ratio||Transfer Time|
|Aer Lingus Aer Club||1000 : 1000||Instant|
|Air France KLM FlyingBlue||1000 : 1000||~ 1 hour|
|British Airways Executive Club||1000 : 1000||Instant|
|Iberia Plus||1000 : 1000||Instant|
|JetBlue TrueBlue||1000 : 1000||Instant|
|Singapore Airlines KrisFlyer||1000 : 1000||~ 1 to 7 days|
|Southwest Rapid Rewards||1000 : 1000||Instant|
|United MileagePlus||1000 : 1000||Instant|
|Virgin Atlantic Flying Club||1000 : 1000||Instant|
|IHG Rewards Club||1000 : 1000||~ 1 to 2 days|
|Marriott Bonvoy||1000 : 1000||~ 1 to 2 days|
|World Of Hyatt||1000 : 1000||Instant|
Points are also worth more when redeeming for travel through the Ultimate Rewards portal. So you can apply points towards any “revenue” ticket at a rate of 1.5 cents per point, though you’re almost always going to get a better value by transferring points directly to the airline or hotel partner.
For example, you could transfer 25,000 points to Hyatt Gold Passport for a free night redemption at the Park Hyatt Maldives.
The generous earning structure of the Chase Sapphire Reserve makes it one of the most lucrative travel credit cards.
The card has a great welcome bonus, excellent return on dining and travel spend, great customer service, and some useful perks, like primary collision coverage, no foreign transaction fees, etc. not to mention the Reserve’s better travel coverage, Global Entry/TSA Pre-Check fee credit, and Visa Infinite perks.