Hustlermoneyblog has partnered with CardRatings for our coverage of credit card products. Hustlermoneyblog and CardRatings may receive a commission from card issuers.
If you’re a recurrent traveler and looking for a card with great benefits, definitely take a moment to check out the Chase Sapphire ReserveSM Card. With the Chase Sapphire ReserveSM, you have the opportunity to earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Ultimate Rewards®.
That’s $750 toward travel when redeemed through the Chase Ultimate Rewards portal! To top that, you will receive up to $300 in travel credits annually as reimbursement for travel purchases.
In addition, get 3X points on travel immediately after earning your $300 annual travel credit and airport lounge access. Plus, enjoy no foreign transaction fees! The only catch is the card’s $550 annual fee. However, if you use all this card has to offer, you will come out ahead despite the hefty fee.
The Chase Sapphire Reserve is marketed toward the same people who’d apply for The Platinum Card from American Express. On that end, it’s also very competitive.
For what unique features this card has to offer and how it compares to it’s sister card, the Chase Sapphire Preferred, continue reading below. Learn more below on how to earn your Chase Sapphire Reserve Bonus.
*Be sure to check out the current Checking and Savings promotions from Chase Bank.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
Table of Contents
Chase Sapphire Reserve Bonus Summary
 |
| Bonus Available | Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when you redeem through Chase Ultimate Rewards®. |
| *Bonus Value | $1,200 |
| Travel Credit | $300 annually in travel reimbursements.
Through December 31, 2021, purchases at gas stations and grocery stores will also count towards your Travel Credit. |
| Ongoing Rewards/Benefits | 3X Points on Travel Worldwide, immediately after earning your $300 annual travel credit.
3X Points on Dining at Restaurants Worldwide. 1 point per dollar spent on all other purchases. 3X points on up to $1,000 per month in grocery store purchases, including eligible pick-up and delivery services, from 11/1/20 to 4/30/21. Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. 1:1 point transfer to leading airline and hotel loyalty programs. One Year Complimentary Lyft Pink ($199 minimum value). Complimentary DashPass subscription from DoorDash after activating by 12/31/21. |
| Foreign Transaction Fees | No |
| Airport Lounge Access | 1,200+ VIP lounges in over 500 cities worldwide with Priority Pass Select. |
| Annual Fee | $550 annual fee; $75 for each authorized user |
* Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer.
Recommended Free Credit Score (Get Free Score) 740 – 850 (Excellent)
Why I Chose The Chase Sapphire Reserve
For the traveler seeking premium benefits
As a frequent traveler, I decided that I wanted to travel in style. The cards that were in my radar consisted of The Platinum Card from American Express and the Citi Prestige Card. But then, I saw the Chase Sapphire Reserve card that had all of the premium travel features I was looking for.
If you are simply looking for a nice credit card sign-up bonus, the 50,000 points that you can earn will be worth $750 towards travel booked through Chase. This offer alone more than pays for the annual fee, which isn’t waived the first year.
However, there are some ways you can get even more value out of our points, such as transferring your points to Ultimate Rewards travel partners. We’ll have a list below.
Because the offer is only 50,000 points now, this card isn’t the best choice if you’re only looking for the welcome bonus. If you want a card with a good bonus, check out cards with lower annual fees that are waived the first year, such as Chase Sapphire Preferred Card, Capital One Venture Rewards Credit Card.
On top of the decent welcome offer, this card comes with Priority Pass lounge access, 3X points on travel/dining, and $300 in annual travel credit.
#1: Free Priority Pass Select Membership
Save up to $399 on a Priority Pass membership with your card
With this card, you will have access to 1,200+ airport lounges worldwide with the complimentary Priority Pass Select membership. This offer is great because you’re essentially getting a membership level that is equal to the “Prestige” membership plan that would cost you upwards of $400 if you had bought it straight from the Priority Pass site.
Not only will you have access to more than 1,200 lounges, but so will up to 2 of your guests.
If you tend to fly long international flights, then this premium benefit is worth it. At these lounges, you will be able to find common amenities like showers, food buffets, refreshments, alcohol, WIFI, and comfortable seating at many lounges abroad.
Lounges can be found at international airports like PEK (Beijing, China), DXB (Dubai), LHR (London), BKK (Bangkok, Thailand), NRT (Narita, Japan), and many more. They can also be found at busy domestic airports like LAX, ATL, ORD, JFK and DFW.
To learn more, head to the Priority Pass website to find a lounge in your intended destination and terminal.
Tips:
- To take advantage of your free Priority Pass membership, you must do these steps:
- Log into your Ultimate Rewards account.
- Click on either the “Use Points” or “Earn Points” menu at the top.
- Click on “Card Benefits”.
- Click to activate your Priority Pass Select membership.
- Most lounges will let you in your Chase Sapphire Reserve card, but to be safe, you should carry your Priority Pass member card during your travels. Keep in mind that it takes 2-3 weeks after activation to receive your card. Also, most lounges will accept the card digitally through the smartphone app.
- If you must travel before your Priority Pass member card arrives, you can always charge the lounge access fee to your Chase Sapphire Reserve card and you can just call it to have it reimbursed.
Access your Priority Pass membership by activating the offer!
#2: 3X Points On Travel/Dining
Enjoy a nice meal to earn maximum rewards
Earn 3x points per $1 spent on travel worldwide from airfare and hotels to taxis and trains. You can also earn 3x points per $1 spent on dining at restaurants around the world for both fast casual to fine dining.
What are these points worth?
Although you can redeem your points towards gift cards, cash back, or Amazon.com’s “Shop with Points”, you can earn up to 50% more value when you book through the Chase Ultimate Rewards portal.
Keeping in mind the 50% extra value, your rewards rate will be 4.5% on travel/dining and 1.5% on all other purchases. Even the Chase Sapphire Preferred card only earns an effective rate of 2.5% on travel/dining and 1.25% on all others.
For even more points, utilize the 1:1 points transfer ratio through Chase’s travel partners. You can transfer your Ultimate Rewards points earned through your Chase Sapphire Reserve card for an equal amount of points/miles with their transfers partners.
Depending on how you choose to use your points with these partners, your transferred points could end up being worth more. If you book with certain hotel rewards partners, you can average 2 cents per point in value.
So, your 50k points could be worth up to $1,000 compared to the standard $750 value (or 60k points worth $900 value) when booking for travel through Chase.
Here’s a current list of the partners:
Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
#3: $300 Annual Travel Credit
Lastly, another great feature that comes with this card is the $300 Annual Travel Credit. The travel credit can help justify the steep annual fee by quite a bit.
To address any questions about what expenses this travel credit will cover, it can reimburse you for any travel purchases including airfare and hotel charges to your card.
The credits will happen throughout the year automatically as you incur charges. On top of travel, ride-sharing services such as Uber and Lyft will count towards the travel credit.
The travel credit earned from this card is going to be easily used up for any traveler, especially a frequent one. Personally, I was able to utilize the whole amount on my first trip.
Chase Sapphire Reserve Bonus Offer
Take advantage of the 60,000 bonus points by spending at least $4,000 on purchases in the first 3 months from account opening to qualify.
Experienced travelers that are always on the move will have no issues meeting the spending requirement for the bonus, but here are some ways to meet that minimum:
| • Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well. |
| • Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank. |
| • Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't. |
| As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance. Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes. |
| |
Earning Chase Ultimate Rewards Points
With the Chase Sapphire ReserveSM, you earn 3 Chase Ultimate Rewards points per $1 spent on travel and restaurants and 1 point per $1 spent on everything else.
Sapphire Reserve cardholders can get a value of 1.5 cents per point when redeeming points for travel through the Chase Ultimate Rewards portal. That means, travel and dining expenditures can have an effective 4.5% rewards rate. As long as your account remains open, your points don’t expire.
Redeeming Rewards
Redeem points for a variety of items at Chase’s Ultimate Rewards portal. The best redemption option is travel, where you’ll earn a value of 1.5 cents per point. Therefore, 50,000 points is equal to to $750 in travel; 60,000 points is equal to $900 in travel.
Other redemption options include cash equivalents like statement credits, gift cards, and bank account deposits, general merchandise, experiences, and more. You can also redeem points for purchases at Amazon. These other redemption options generally value points at 1 cent per point or less.
Additional Benefits
The Sapphire Reserve from Chase gives you complimentary access to over 900 airport lounges through Priority Pass™ Select. Once you enroll, you may enter lounges for free whenever travelling on any itinerary.
Guests need to pay $27 each, every time they wish to enter. This set-up is equivalent to the Prestige tier of membership in the Priority Pass™ program – a $399 annual value.
Priority Pass™ Select is available through most premium credit cards, not just the Chase Sapphire ReserveSM. In terms of coverage, it’s one of the better lounge memberships available.
There are more Priority Pass™ lounges worldwide than through other programs, like Lounge Club.
Like the Chase Sapphire Preferred®, the Chase Sapphire ReserveSM earns you Ultimate Rewards points. This is one of the most valuable credit card reward programs on the market.
Its value comes largely from the list of transfer partners. You can move your points over to 11 different airline and hotel programs. These will change from time-to-time. The current list includes:
- British Airways Executive Club
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards®
- United MileagePlus®
- Virgin Atlantic Flying Club
- Hyatt Gold Passport®
- Marriott Rewards®
- IHG® Rewards Club
- Ritz Carlton Rewards®
All transfers are at a 1:1 ratio. If you plan your transfers right, it’s possible to increase your overall rewards rate. For example, we value Hyatt Gold Passport® at $0.021 each. Therefore, if you transfer your points over to the hotel, your rewards rate can be anywhere between 2.1% and 6.3%.
Bottom Line
When you sign-up for a Chase Sapphire ReserveSM Card, you will earn a fantastic bonus. If you are a frequent traveler and have read through the features, I’m sure you will now surely want to be an owner of one!
For one, automatically receiving up to $300 back annually in travel credits definitely makes up for the steep annual fee.
The travel credits are good towards almost any and most travel purchases you make — even on parking and tolls. In addition to that, with the Elite travel benefits, you can receive up to $100 credit toward Global Entry or TSA Precheck enrollment.
To conclude, this card offers a big bonus with even bigger benefits that include easy to use travel credits. But despite my ongoing rave about it, if you can not justify paying such a high annual fee for a credit card, don’t feel the need to get one just because of its high ratings.
There will be other deals that will come along and will be more fitting for your spending habits.
For more information about other credit cards, review our complete list of credit card bonus promotions.
|
What’s the Competition?
* Below are some of the top competitors to the Chase Sapphire Reserve Card 50,000 Bonus Points to consider.
 The The Platinum Card® from American Express offers 75,000 Membership Rewards(R) Points after you spend $5,000 on purchases on your new Card in your first 6 months of Card Membership. You'll earn: • 10X points on eligible purchases on your new Card at U.S. Gas Stations and U.S. Supermarkets, on up to $15,000 in combined purchases, during your first 6 months of Card Membership. That's an additional 9 points on top of the 1 point you earn for these purchases. • 5X Membership Rewards(R) Points for flights booked directly with airlines or with American Express Travel. Starting January 1, 2021, earn 5X points on up to $500,000 on these purchases per calendar year. • 5X Membership Rewards(R) Points on prepaid hotels booked on amextravel.com. This card comes with an annual fee of $550 (See Rates & Fees), but you cardholders can enjoy Uber VIP status and up to $200 in Uber savings on rides or eats orders in the US annually. Uber Cash and Uber VIP status is available to Basic Card Member and Additional Centurion Cards only. Plus, up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card® & receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. |
 The Capital One Venture Rewards Credit Card offers 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months. You're able to earn 2X miles on every purchase, every day. This card does come with a $95 annual fee. Enjoy no foreign transaction fees and receive up to $100 application fee credit for Global Entry or TSA Pre?®. |
 The Chase Sapphire Preferred Card offers 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening. You'll earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1X point per dollar spent on all other purchases.. And when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value! You get unlimited deliveries with a $0 delivery fee & reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21. This card carries a $95 annual fee. |
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| Huntington 25 Checking | $300 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| Ally Invest | Up to $3,000 Cash | Review |
| BlockFi | Up To $250 BTC | Review |
| American Express High Yield Savings | 0.40% APY | Review |
| Discover Cashback Debit Account | $360 Cash | Review |
Hustlermoneyblog has partnered with CardRatings for our coverage of credit card products. Hustlermoneyblog and CardRatings may receive a commission from card issuers.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
Denied, Financial qualifications should have allowed, I am a banking person who never knowingly applies for something believed not going to happen. End of doing business with this place.