Travel cards offer cardholders an amazing opportunity to collect rewards and redeem them from travel-related purchases. This particular travel card happens to be the creme of the crop.
Therefore, if you’re looking to take advantage of:
Triple points of dining and travel purchases
Hundreds of bucks in yearly credits
No foreign transaction fees
You can look no further than the Chase Sapphire Reserve travel credit card. Unfortunately, this credit card is only available to people with excellent credit. There is also a high annual fee to be aware of, especially if you’re not a frequent traveler.
For a complete overview of the specifications, pros, and cons of this credit card, continue reading this review for more information.
Current Deals from Chase Sapphire Reserve®: Quick Facts
There are several details to be aware of before enrolling for this credit card, which include:
When you spend at least $4,000 within the first three months of opening your account, you can earn 30,000 rewards points. When you redeem these points through the Chase Ultimate Rewards Portal, you can utilize 900 total points toward travel purchases.
Every year, members can receive a $300 travel credit as a type of reimbursement for all travel purchases made with your account. Until the end of 2021, even grocery stores and gas purchases will acquire travel credits.
Upon earning your $300 travel credit, you can immediately receive 3x travel rewards points. This includes 3x rewards points for dining purchases (dine-in, take-out, restaurants, etc.), and 1 point for every $1 spent for all other purchases.
You can achieve 50% more value for your rewards points when you redeem them through the Chase Ultimate Rewards portal. For example, you can receive $900 toward travel if you redeem 60,000 points.
You can transfer your rewards points to leading hotel and airline loyalty programs.
When you enroll into Priority Pass Select, you can receive access to more than 1,300 worldwide airport lounges.
Members can take advantage of lost luggage insurance, car rental insurance, trip cancellation, and more.
From a first glance, the Chase Sapphire Reserve is an amazing travel credit card. Although the Chase Sapphire Reserve Benefits far outweigh the cons, potential cardholders should be aware of how much the disadvantages can affect them.
There is a large sign-up bonus.
This travel credit card offers a high rewards rate.
There are also high-value benefits.
This card is made from metal, which adds a nice cool factor.
There aren’t any foreign transaction fees.
There is a very high annual fee.
Cardholders are required to have excellent credit.
Current Deals from Chase Sapphire Reserve®: Specifications
Below, you’ll find the main specifications of the Current Deals from Chase Sapphire Reserve® travel credit card:
Annual Fee: $550
Regular APR: 16.99% – 23.99% Variable
Introductory APR: $0
Credit Score Range: 720-850
The Chase Sapphire Reserve annual fee is very expensive compared to other travel credit cards, and this can be concerning considering that only those with an excellent credit score can apply in the first place.
However, the Chase Sapphire Reserve rewards rate does make it possible to offset this annual fee, especially if you’re a frequent traveler.
Chase Sapphire Reserve Review: Who is This Card For?
Surprisingly, even with the expensive annual fee, the Chase Sapphire Reserve is an ideal credit card for many travelers. To begin, this travel credit card can access the Chase Ultimate Rewards portal.
This makes it very simple to redeem your points at several hotel and airline transfer partners and loyalty programs. While you’ll still have to pay $550 every year to use this credit card, eligible members can receive a $300 reimbursement.
This can reduce the overall annual cost to as low as $250 before you account for other credit card benefits. To put it simply, this credit card is a great option for people with an excellent credit score who travel very frequently across the world.
People that lack an excellent credit score and don’t see much time outside of their homes should look for more affordable options with less restrictions.
Current Deals from Chase Sapphire Reserve®: Main Benefits
If you’ve considered applying for this credit card, here are some helpful benefits to consider:
Great Sign-Up Bonus – Cardholders can receive a minimum sign-up bonus worth at least $900. If you’re a very frequent traveler, you can earn much more.
Annual Travel Credit – One of the greatest benefits of this travel credit card is that cardholders can receive $300 in an annual travel credit when they make eligible travel purchases.
Unlimited DoorDash Delivery – Cardholders can become eligible for $120 DoorDash credits, a free one-year pass, free delivery, and reduced service costs.
Lyft Pink Membership – Members can also take advantage of 15% savings on all surprise offers, car rides, airport pickups, cancellation fees, and more. Cardholders can earn 10x total points each time they use their credit card for a Lyft ride until 2022.
Priority Pass Lounge Access – Members can gain access to more than 1,200 airport lounges throughout the world.
Chase Sapphire Reserve Review: Main Drawbacks
Again, the main drawback of this travel credit card is the high annual fee. Even with the $300 travel reimbursement, you may still pay $250 every year to use this credit card.
This rate is still high considering these disadvantages:
The benefits are primarily niche. People who don’t use DoorDash or Lyft, may not get much value from this credit card.
There are limited lounge choices. If your usual airport doesn’t provide this benefit, you could miss out as well.
Current Deals from Chase Sapphire Reserve®: The Final Verdict
If you’re not keen on spending $550 a year or aren’t a frequent traveler, then this travel credit card isn’t for you. However, if you’re constantly traveling on business or personal satisfaction and want to take advantage of some excellent rewards, this travel credit card is worth the high annual fee.
In fact, it may be worth every penny for regular travelers with excellent credit.
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