Best Chase Sapphire Reserve Credit Card Review Is the topic of today’s discussion. A lot of people have been asking finance writers if Chase Sapphire Reserve Credit Card is good or not. Because of this, I have decided to write on the credit card.
Disclaimer: This is my own opinion of the Chase Sapphire Reserve Credit Card. I’m no affiliate of Chase Sapphire Reserve Credit Card and I’m not paid to write about the company. Kindly note that this is not a bit of financial advice. Using any product or services we recommend here is at your own peril. Make your own research too.
Chase Sapphire Reserve Credit Card is a credit card which is known to offer amazing rewards to its users. The card offers rewards on travel and dining purchases. The card allows you to earn with flexible redemption options. This alone makes it one or the sort after travel card by travellers who spend heavily.
In today’s article, we’re going to cover everything you need to know about Chase Sapphire Reserve Credit Card and how you can get one for yourself.
Chase Sapphire Reserve® Credit Card Review
Chase Sapphire Reserve® Credit Card is one of the best credit cards out there for travellers. The card comes with an annual fee of $550 and a regular APR of 18.49%-25.49% variable. As a user of this card, you get to earn 10X total points on chase dining purchases with Ultimate Rewards®. You also get to earn 5X total points on flights while you earn 3X on other travels around the globe. When you dine at restaurants, use delivery services, take out and dine out, you get to earn 3X and 1 point per dollar you spend on any other purchases.
Another amazing thing I love about the card is the 0% fee on foreign transactions. But when you try to transfer your balance, you’ll get to pay 5$ or 5% of the amount of each transfer, whichever is greater.
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What We Love About Chase Sapphire Reserve Credit Card (Pros)
Chase Sapphire Reserve® Credit Card has an excellent reward for travel and dining. As I have mentioned before, the card gives you 3 points for each $1 you spent on travel and dining purchases. The card stands as one of the best among other premium travel cards.
Higher Value For Points. The value of these points increases from 1 cent per point to 1.5 cents per point when redeemed for travel through Chase Ultimate Rewards. With that boost, you can get an effective reward rate of up to 4.5% on dining and travel purchases since you’re earning 3 points per dollar you spend
Mouth Watering Bonus For new Card Holders. Only a few card companies offer amazing bonuses and Chase Sapphire Reserve® Credit Card is one of them. As a new member or user of the Chase Sapphire Reserve® Credit Card, you can earn up to 60,000 bonus points when you spend up to $4,000 on purchases within your first three months of opening an account. With that, this simply means that you’re getting a total of $900 toward travel when you redeem the points through Chase Ultimate Rewards®.
Amazing Luxury Benefits. As a user of the card, you get to earn up to $100 in statement credits (every four years) towards Global Entry or TSA Precheck, complimentary access to more than 1,000 VIP airport lounges worldwide, and benefits with the Luxury Hotel & Resort Collection.
What We Don’t Love About Chase Sapphire Reserve Credit Card (Pros)
You Get To Pay a $550 Annual Fee. The card stands among the most expensive card to maintain compared to others out there. This shows that the card is not meant for an average-class citizen.
A good Credit Score Is Required To Get Chase Sapphire Reserve® Credit Card. Chase has a specific class for individuals with a good credit score and credit history. Despite the fact that there is no minimum score required as an indication of who is eligible or not, the company still requires an excellent credit score. If you’ll love to get the card, make sure you have a minimum of 750.
What/Who Is Chase Sapphire Reserve Credit Card Best For?
- Those who dine out regularly while travelling.
- People who love travelling occasionally or even frequently.
- Businessmen who travel and spend on leisure.
- Reward strategists who love to maximize points or miles earnings across spending categories.
Rewards and Earnings for Chase Sapphire Reserve Credit Card
- You get to earn 10X total points when you dine with Ultimate Rewards®.
- 5X points will be earned when you take flights and 3X for international flights you take globally.
- You earn 3x points on other dining at restaurants, including eligible delivery services, takeout and dining out. Plus, earn 1 point per dollar spent on all other purchases.
How To Redeem Chase Sapphire Reserve Credit Card Points
To redeem your Chase Sapphire Reserve® Credit Card points you can do that by booking a flight and other range of experiences using the Chase Ultimate Rewards® portal.
Another way you can also redeem your point is through cash back, gift cards, Amazon.com orders, and Apple purchases.
During redemption, your points which are worth 1.5 cents will be redeemed at 1 cent per point when you use the Chase Ultimate Rewards® in the case of cashback, experience, and other gift cards. If you’re using Amazon.com and apple purchases, your points will be redeemed at 0.8 cents per $1.
How To Transfer Chase Sapphire Reserve Credit Card Points
As a user of the Chase Sapphire Reserve® Credit Card, your points will be moved at a 1:1 ratio to one of chase’s travel partners. What this means is that you’re on an advantageous side since you’re a member of the loyalty program.
By leveraging your Ultimate Rewards points to take advantage of limited-time offers through Chase’s travel partners, you might be able to greatly increase the value of a point
Below are some of the partners of chase airline travel
- Air Canada Aeroplan
- British Airways Executive Club
- Emirates Skywards
- Aer Lingus, AerClub
- Flying Blue Air France KLM
- Iberia Plus
- World of Hyatt
- Southwest Airlines Rapid Rewards
- Singapore Airlines KrisFlyer
- United MileagePlus
- JetBlue TrueBlue
Its hotel travel partners include:
- World of Hyatt
- IHG Rewards Club
- Marriott Bonvoy
Conclusion/Final Verdict
Currently, in the market of credit cards out there, the Chase Sapphire Reserve Credit Card currently rates as the best overall credit card, best rewards Credit card, best travel credit card, best airline credit card, best hotel credit, and best chase credit card.
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