Chase Sapphire Reserve
The welcome offer, every credit and its catch, what it earns, the insurance, and whether the $795 fee pays for itself.
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Premium travel · Chase
Welcome offer
100,000 points
Annual fee
$795
100,000 points after $6,000 in purchases in the first 3 months. Not available to current cardholders, and the bonus may be withheld from anyone who has had the card or its bonus before.
Authorized users: $195 eachForeign transaction fees: NoneRewards: Chase Ultimate Rewards
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The Atelier Take
Worth it for the well-traveled who will use the credits without stretching; otherwise the Preferred does most of the work for a fraction of the fee.
Who it suits
Frequent travelers who already book through Chase Travel or The Edit, eat at the kind of restaurants in the Exclusive Tables program, and value lounge access with two guests.
Who should skip it
Anyone who would use only the $300 travel credit. The Sapphire Preferred keeps the same transfer partners (though World of Hyatt is 4:3 from it, 1:1 from the Reserve) and strong travel insurance for $95.
Every credit, and the catch
A $300 travel credit that almost anyone can use, then a long list of lifestyle credits tied to specific brands, half-year windows and end dates. Chase puts the total above $3,000; what counts is how many would be used anyway.
Travel credit
Up to $300 a year
Applies automatically to travel purchases, which then earn no points. The easiest credit on the card.
The Edit hotel credit
Up to $500 a year
Prepaid bookings of at least two nights with The Edit through Chase Travel only. Those rates can be higher than booking the hotel directly, and the credited amount earns no points.
Dining credit
Up to $300 a year
Only restaurants in the Sapphire Reserve Exclusive Tables program on OpenTable, mostly in larger cities.
StubHub credit
Up to $300 a year
StubHub and viagogo purchases only, and only through December 31, 2027.
Apple TV and Apple Music
Worth $324 a year
Only valuable to people who would otherwise pay for these subscriptions.
DashPass and DoorDash promos
$120 DashPass + up to $420 in promos
Promos are for DoorDash orders, groceries and essentials, and unused monthly promos are lost.
Lyft credit
Up to $120 a year
Rides only, through September 30, 2027.
Peloton credit
Up to $120 a year
Eligible Peloton memberships only, through December 31, 2027.
Global Entry, TSA PreCheck or NEXUS
Up to $120 every 4 years
What it earns
Rewards: Chase Ultimate Rewards points, which transfer to airline and hotel programs including World of Hyatt and United; World of Hyatt transfers stay at 1:1 from this card (4:3 from the Sapphire Preferred).
8x
Everything booked through Chase Travel, including The Edit
4x
Flights booked directly with airlines
4x
Hotels booked directly
3x
Dining worldwide
5x
Lyft rides
Through September 30, 2027
10x
Peloton equipment and accessories over $150
Through December 31, 2027, on up to $5,000 of purchases
1x
Everything else
Including groceries and gas
TPG values Ultimate Rewards points at 2.05¢ each, when transferred to partners. On that basis 4x on direct flights and hotels returns about 8¢ per dollar. Points Boost can make points worth up to 2¢ each on selected hotels and flights booked through Chase Travel. Purchases covered by the travel credit earn no points.
Lounges, status and other benefits
Sapphire Lounges by The Club
Access to every Chase Sapphire Lounge with up to two guests free.
Priority Pass Select
Over 1,300 airport lounges worldwide.
Air Canada lounges
Select Maple Leaf Lounges and Air Canada Cafés in the U.S., Canada and Europe with an eligible Air Canada boarding pass.
The Edit hotel benefits
On bookings through The Edit: daily breakfast for two, a $100 property credit, a room upgrade and early check-in or late checkout when available, and Wi-Fi.
IHG One Rewards Platinum Elite
Complimentary through December 31, 2027.
Points Boost
Points can be worth up to 2¢ each on selected hotels, including The Edit, and flights with selected airlines through Chase Travel.
After $75,000 of spending in a year
World of Hyatt Explorist and IHG Diamond Elite status, Southwest A-List, a $500 Southwest credit through Chase Travel and a $250 credit at The Shops at Chase.
Reserve Travel Designers
A planning service that builds custom itineraries.
Will the $795 fee pay off?
Enter what would go on this card. The result values points at TPG’s valuation, adds the credits that would actually be used and, in year one, the welcome offer, then sets the total against a no-fee card that pays 2% back on everything.
1 · Spending on this card
Example figures are filled in; replace them with real ones.
Travel booked through Chase TravelFlights, hotels and The Edit
8x
Flights booked directly with airlines
4x
Hotels booked directly
4x
DiningWorldwide
3x
Groceries
1x
Gas
1x
Everything else
1x
2 · Credits that would be used
Tick only what would be used anyway, at full value.
When the travel credit is ticked, the first $300 of travel above is treated as covered by it and earns no points, as Chase’s terms say.
3 · Assumptions
The result
Not counted: lounge access for the cardholder and two guests, IHG Platinum Elite status, the travel insurance, 5x on Lyft (through September 30, 2027) and 10x on Peloton equipment over $150. Points Boost can make points worth up to 2¢ each on selected Chase Travel bookings.
Insurance and protections
Chase calls this the most complete set of travel protections it offers, and the car rental cover is primary, which is rare. Pay for the trip or purchase with the card to be covered; the Guide to Benefits has the full terms.
Auto rental collision damage
Primary cover up to $75,000 for theft and collision damage on most rentals in the U.S. and abroad, when the rental company’s cover is declined.
Trip cancellation and interruption
Up to $10,000 per traveler and $20,000 per trip for prepaid, non-refundable travel canceled or cut short by illness, severe weather and other covered reasons.
Trip delay
Up to $500 per traveler for meals, lodging and other costs when a trip is delayed more than 6 hours or needs an overnight stay.
Lost luggage
Up to $3,000 per traveler to repair or replace checked or carry-on bags.
Baggage delay
Up to $100 a day for 5 days for essentials when bags are delayed more than 6 hours.
Emergency evacuation
Up to $100,000 for medical evacuation on trips 100 miles or more from home.
Emergency medical and dental
Up to $2,500, after a $50 deductible, on trips 100 miles or more from home.
Travel accident insurance
Up to $1,000,000 when the fare is paid with the card.
Roadside assistance
Up to $50 per incident, four times a year.
Purchase protection
Damage or theft within 120 days of purchase, up to $10,000 per item.
Return protection
Up to $500 per item and $1,000 per 12 months when a store won’t take an item back within 90 days.
Extended warranty
Adds one year to U.S. manufacturer warranties of three years or less.
Pros and cons
Pros
- Primary car rental cover and some of the strongest travel insurance on any card
- 4x on flights and hotels booked directly, with no portal needed
- World of Hyatt transfers stay at 1:1, while the Sapphire Preferred now gets 4:3
- Lounge access includes two guests
- The $300 travel credit is as easy to use as a credit gets
Cons
- $795 fee, now close to the Amex Platinum’s
- Most lifestyle credits are tied to one brand and half-year windows, and several end in 2027
- 1x on groceries, gas and everyday spending
Card terms change often and some offers are personalized; the issuer’s page is the final word.