Chase Sapphire Reserve
Offset your $795 fee with up to $2,060 in annual travel, dining and lifestyle credits
Earn 8X points on Chase Travel, 4X on direct flights and hotels, and access exclusive airport lounges worldwide with up to $2,060 in annual credits and promos across travel, dining, and lifestyle benefits (Chase puts total annual value, including non-cash perks such as lounge access, above $3,000). Ultimate Rewards points transfer to 14 airline and hotel partners, 13 of them at 1:1.
- Annual Fee
- $795
- Ultimate Rewards points · Welcome Bonus
- 100,000
- Highest rate (conditional)
- Up to 10X (Peloton)
Terms checked against the issuer on October 10, 2026
At a Glance
- Annual Fee
- $795
- Authorized User Fee
- $195
- Foreign Transaction Fee
- $0
- Network
- Visa Infinite
- Rewards Currency
- Chase Ultimate Rewards
- Point Value (Transfer Estimate)
- 1.5–2.05 cpp (mid: 1.8)
- Credit Required
- Excellent
Welcome Offer
100,000
Ultimate Rewards points
Spend $6,000 in the first 3 months
Chase values the welcome bonus at $2,000 for select flights and hotels through Chase Travel, where points are worth 1 cent each and up to 2 cents with Points Boost. Or transfer points 1:1 to airline partners like United and Southwest. Meet the $6,000 spend requirement on everyday purchases within 3 months of account opening, then redeem points for travel.
Historical Welcome Offers
| Bonus | Spend | Period | Ended | Note |
|---|---|---|---|---|
| 125,000 | $6,000 | 2026-07-29 | ||
| 75,000 | $4,000 | 2024-06-30 | ||
| 60,000 | $4,000 | 2023-03-31 |
Earning Rates
- 8X
Travel
All travel booked via Chase Travel portal (includes hotels, flights, car rentals)
- 8X
Hotels
- 8X
Flights
- 8X
Car Rentals
- 4X
Hotels
Hotels booked directly
- 4X
Flights
Flights purchased directly with airlines
- 3X
Dining
Dining at restaurants worldwide
- 10X
PelotonLimited time
Hardware and accessory purchases over $150, on up to $5,000 in total purchases (up to 50,000 points)
Cap: $5,000/lifetime
- 5X
LyftLimited time
Limited time promotion through Lyft app
- 1X
All Other
All other purchases
Earning Scenarios
8X Points on Chase Travel Portal Bookings
Earn 8 Ultimate Rewards points per dollar on hotels, flights, car rentals, activities, and experiences booked through Chase Travel. Points Boost values points at up to 2 cents each on select flights and hotels through Chase Travel, which would work out to up to 16% back on those bookings.
Book a $2,000 hotel stay through Chase Travel: earn 16,000 points worth up to $320 toward future travel, making your effective earn rate 16%.
4X Points on Flights Booked Directly
Earn 4X points when you book flights directly with airlines. Stack with airline loyalty programs to earn points from both programs simultaneously.
Book a $1,000 direct flight: earn 4,000 Chase points plus airline miles. Transfer those 4,000 Chase points to United for 4,000 United miles - double-dip on the same purchase.
4X Points on Hotels Booked Directly
Earn 4X points when you book hotels directly with properties. Stack with hotel loyalty programs to earn points from both programs simultaneously.
Book a $500 direct hotel stay: earn 2,000 Chase points plus hotel loyalty points. Combine with elite status benefits for upgrades and late checkout.
3X Points Worldwide Dining
Earn 3X points at restaurants worldwide - from quick service to fine dining. No categories to activate, no spending caps, no enrollment required. Automatically earns on all dining purchases globally.
Spend $500 monthly on dining: earn 1,500 points per month (18,000 annually), worth $360 at 2cpp through Chase Travel.
5X Points on Lyft Through September 2027
Limited-time promotional rate of 5X points on eligible Lyft products through September 30, 2027. Combine with the card's $10 monthly Lyft in-app credit, also available through 9/30/2027.
Take $200 in Lyft rides monthly: earn 1,000 points per month plus the $10 monthly Lyft credit, reducing effective cost to $190 while earning points.
10X Points on Peloton Hardware and Accessories
Earn 10X total points on Peloton equipment and accessory purchases over $150, on up to $5,000 in total purchases (50,000 points max). Limited-time promotion through December 31, 2027. Plus receive $10 monthly credit toward Peloton membership.
Purchase $2,500 Peloton Bike: earn 25,000 points worth $500 through Chase Travel, plus $120 annual membership credit, making effective price $1,880 for a $2,500 bike.
Benefits & Perks
Travel Benefits
8 perksElite Status
General Travel
Show 2 moreShow fewer
Annual Credits & Statement Credits
10 creditsUp to
$2,511.50
in recurring credits (annual) · Plus $250 first-year / eligibility-dependent
$300 travel credit
Get $300 back on travel purchases with automatic statement credits - no enrollment required
$300
Annual
$500 hotel credit
Two $250 credits for 2+ night stays at 1,400+ luxury Edit hotels with breakfast and $100 property credit
$500
Annual
$300 event tickets StubHub
Two $150 credits per year for concerts, sports, and theater tickets on StubHub and viagogo
$300
Annual
$250 select hotels
Get $250 back on prepaid 2-night stays at IHG, Montage, Pendry, Omni, Virgin, Minor, and Pan Pacific through Chase Travel.
$250
One-time
$300 dining at 275+ restaurants
Two $150 credits for dining at 275+ hard-to-book restaurants plus reserved table access
$150
Every 6 months
$120 Global Entry/TSA PreCheck
Automatic reimbursement for Global Entry, TSA PreCheck, or NEXUS every 4 years
$120
Every 4 years
Show all 10 creditsShow fewer credits
$35/mo DoorDash + DashPass
Free DashPass with $0 delivery fees plus $35 in monthly DoorDash promos - $15 on any order and two $10 on groceries and essentials
$35
Monthly
$27/mo Apple TV & Music
Free Apple TV and Apple Music for at least a year, valued by Chase at $324 annually; activate by June 22, 2027
$27
Monthly
$10/mo Peloton credits
$10 monthly membership credits plus 10x points on equipment purchases over $150 through 2027
$10
Monthly
$10/mo Lyft credit
Get up to $10 a month in Lyft in-app credits ($120 a year) plus 5x points on Lyft, both through 9/30/2027
$10
Monthly
Lounge Access
Access 1,300+ airport lounges worldwide
Air Canada Maple Leaf Lounge on Star Alliance (1 guest)
Access select Air Canada Maple Leaf Lounges with 1 guest when flying any Star Alliance carrier
1 guest free, then 59 USD/CAD/GBP/EUR/guest
Chase Sapphire Lounges with 2 free guests
Free access at 8 Chase Sapphire Lounges with made-to-order food, cocktails, and wellness amenities
2 guests free, then $27/guest
8
Worldwide
Priority Pass lounges with 2 free guests
Complimentary Priority Pass Select membership, valued at $469 a year, with up to two guests at 1,300+ lounges
2 guests free, then $27/guest
1,300+
Worldwide
Elite Status & Memberships
Fast track to top-tier perks
IHG Platinum Elite with 60% bonus points, no stays
Primary personal Reserve cardmembers may activate IHG Platinum Elite through December 31, 2027 by linking their IHG account; allow up to 3 weeks.
$27/mo Apple TV & Music
Free Apple TV and Apple Music for at least a year, valued by Chase at $324 annually; activate by June 22, 2027
Insurance & Protections
10 protectionsTrip delay coverage up to $500 per ticket after 6 hours
Get reimbursed for meals, hotel, and essentials when your common carrier travel is delayed 6+ hours or requires overnight stay
Emergency Evacuation up to $100,000 coverage
Up to $100,000 coverage for emergency medical evacuation and transportation when injured or ill while traveling more than 100 miles from home.
Purchase protection up to $10,000 per claim for 120 days
Get coverage for damage or theft on eligible purchases made with your card within 120 days of purchase
Return protection up to $500 per item within 90 days
Get refunded for eligible purchases up to $500 per item when merchants refuse your return within 90 days
Trip cancellation insurance up to $10,000 per person
Get reimbursed for prepaid travel if your trip is cancelled or interrupted due to illness, severe weather, or other covered reasons.
Show all 10 protectionsShow fewer protections
Extended warranty adds 1 year to manufacturer coverage
Get an extra year of warranty protection on electronics and appliances with up to $10,000 coverage per claim
Travel Accident Insurance up to $1,000,000
Up to $1,000,000 coverage for accidental death or dismemberment while traveling on flights, trains, buses, and cruises paid with your card.
Emergency Medical and Dental up to $2,500
Reimbursement up to $2,500 for medical and dental expenses when you or family become sick or injured while traveling 100+ miles from home.
Baggage insurance up to $3,000 for lost luggage
Reimbursement for essentials when bags delayed 6+ hours up to $500, plus up to $3,000 coverage for lost or damaged luggage.
Primary rental car insurance up to $75,000
Skip rental counter insurance with primary coverage for collision damage and theft on rentals up to 31 days worldwide.
Experiences & Access
Sapphire Reserve Experiences and Venue Benefits
Access exclusive events, curated trips, venue lounges, preferred seating, and VIP packages at Chase-partnered venues like Madison Square Garden.
Dining Out
3x at restaurants
Chase Ultimate Rewards
≈$5.40 in value on a $100 dinner, at our valuation of 1.8¢ per point
Annual fee: $795
Explore 440 restaurants where this card unlocks perksExclusive Tables Dining Credit
At 440 Sapphire Reserve Exclusive Tables restaurants
$150
Every 6 months
Stack a dining program
Rakuten Dining
5% back at 20,618 participating restaurants, on top of this card's 3x, once you join and link this card.
+$5
cash back, or ≈$5.50 as points
More on a $100 dinner
Program & Transfers
Chase Ultimate Rewards
Chase Ultimate Rewards rewards earned with this card can transfer to 14 loyalty partners.
Chase Ultimate Rewards stands as the most versatile transferable points program, combining best-in-class hotel transfers, strong airline coverage, and valuable portal redemptions. The crown jewel is the World of Hyatt transfer, widely considered the best hotel transfer value in the industry, at 4:3 since October 1, 2026 (1,000 points become 750 Hyatt points). With 14 transfer partners spanning all three major alliances, Ultimate Rewards offers flexibility for both domestic and international travel. Southwest Rapid Rewards is a 1:1 partner, one of two transferable currencies (with Bilt) that reach Southwest. Chase's Southwest card terms do not say whether transferred points count toward the Companion Pass. Points Boost is card-specific: the Sapphire Preferred can reach up to 1.5 cents per point on select flights and hotels through Chase Travel, while the Sapphire Reserve can reach up to 2 cents per point. Pay Yourself Back values also depend on the card and current offer. This combination of transfer flexibility and fixed-value options makes Ultimate Rewards useful for both beginners and optimization experts.
Program Ratings
Recent Changes & News
Points Boost replaces fixed portal multipliers for new Sapphire cardholders, changing CSR from guaranteed 1.5cpp to variable 1.0-2.0cpp
Chase Sapphire Reserve Business card launched with 150,000 point welcome bonus and $120K annual spend threshold
Air Canada Aeroplan added as 14th transfer partner with instant transfers and 10% bonus for Chase Aeroplan cardholders on 50K+ transfers
The Edit luxury hotel collection launched for Sapphire Reserve holders with breakfast, $100 credit, and room upgrades
Transfer Partners (14)
Transfer your Ultimate Rewards points to 14 leading loyalty programs for maximum value.
Airlines
(10)Most partners accept Ultimate Rewards points at a 1:1 ratio with instant or near-instant transfers.
View detailed transfer ratios
Airlines
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | 7-10 days | — | — | |
| 1:1 | 7-10 days | 91% | 1.25 cpp | |
| 1:1 | 7-10 days | 85% | 1.3 cpp | |
| 1:1 | 7-10 days | 79% | 1 cpp | |
| 1:1 | 7-10 days | 79% | 1.35 cpp | |
| 1:1 | 7-10 days | 79% | 1.25 cpp | |
| 1:1 | 7-10 days | 79% | 1.25 cpp | |
| 1:1 | 7-10 days | 79% | 1.2 cpp | |
| 1:1 | 7-10 days | 73% | 1.25 cpp | |
| 1:1 | 7-10 days | 67% | 1.35 cpp |
Hotels
| Partner | Ratio | Transfer Time | Value Retained | Point Value |
|---|---|---|---|---|
| 1:1 | 7-10 days | — | 0.7 cpp | |
| 4:3 | 7-10 days | 103% | 1.65 cpp | |
| 1:1 | 7-10 days | 42% | 0.7 cpp | |
| 1:1 | 7-10 days | 36% | 0.6 cpp |
Sweet Spots — Best Redemptions
| Route / Property | Points | Book With | Cabin/Type | Value / Region |
|---|---|---|---|---|
| Intra-Europe in Economy on a Partner | 3,500 | British Airways Avios | economy | Europe |
| Intra-Europe in Economy | 3,500 | Iberia Plus | economy | Europe |
| Short Haul Intra-Europe | 4,000 | British Airways Avios | economy | Europe |
| Intra-Europe in Economy on a Partner | 4,000 | Virgin Atlantic Flying Club | economy | Europe |
| Intra-Europe in Economy | 7,500 | Flying Blue | economy | Europe |
| Intra-Europe on Star Alliance | 8,000 | United Mileageplus | economy | Europe |
| Domestic US in Economy | 4,600 | Jetblue Trueblue | economy | United States |
| Domestic US in Economy on a Partner | 6,300 | United Mileageplus | economy | United States |
| Domestic US and Canada in Economy | 7,100 | Air Canada Aeroplan | economy | United States |
| Domestic US in Economy on a Partner | 7,500 | Virgin Atlantic Flying Club | economy | United States |
| Domestic US in Economy on a Partner | 13,500 | British Airways Avios | economy | United States |
| Domestic US in Economy on a Partner | 15,000 | Singapore Krisflyer | economy | United States |
| US to Europe in Economy | 6,000 | Virgin Atlantic Flying Club | economy | Europe |
| US to Europe in Economy | 13,000 | Aer Lingus Avios | economy | Europe |
| US to Europe in Economy | 16,000 | Iberia Plus | economy | Europe |
| US to Iceland in Economy on a Partner | 17,000 | Jetblue Trueblue | economy | Europe |
| US to Europe in Economy | 25,000 | Flying Blue | economy | Europe |
| US to Europe in Economy | 26,700 | United Mileageplus | economy | Europe |
| US to Europe in Economy | 35,000 | Air Canada Aeroplan | economy | Europe |
| US to Hawaii in Economy | 8,000 | Southwest Rapid Rewards | economy | United States |
Showing top 20 of 54 sweet spots
Reviews & Analysis
Third-Party Rankings & Ratings
5 sourcesCategory Rankings (20 categories)
How It Compares
The Chase Sapphire Reserve delivers the most flexible points currency and easiest-to-use travel credits among super-premium travel cards. The $300 travel credit applies automatically to nearly all travel purchases - no airline restrictions or manual enrollment. Points Boost values points at up to 2 cents each on select flights and hotels through Chase Travel, or you can transfer them to 14 airline and hotel partners.
Pros and Cons
Pros
- +Up to $2,060 in annual credits and promos can more than cover the $795 fee
- +Priority Pass Select with 2 guests included
- +Exclusive Chase Sapphire Lounge access
- +Primary rental car coverage saves $15-30/day
- +Points Boost values points at up to 2 cents each on select flights and hotels through Chase Travel
- +1:1 transfer to United, Southwest, and 10+ partners; 4:3 to Hyatt
- +Comprehensive travel insurance package
Cons
- -$795 annual fee is substantial commitment
- -5/24 rule restricts applicants with recent cards
- -Credits require specific spending patterns to use
- -$195 authorized user fee with no free users
- -No 0% intro APR offer
Who It's Best For
Best For
- Frequent travelers who maximize lounge access
- Dining enthusiasts earning 3X on restaurants
- Travelers wanting comprehensive insurance coverage
- Point maximizers using Chase Travel portal for 8X
- Premium experiences like fine dining and exclusive hotels
Not Ideal For
- Budget-conscious users who won't use up to $2,060 in annual credits
- Light travelers under 2-3 trips per year
- Those who prefer cash back simplicity
- Users who carry balances (19.74%-28.24% variable APR)
The Math: Is $795 Worth It?
First-year value includes $1,800.00 welcome bonus
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$1,656.90
Annual Fee
-$795
Net Annual Value
+$711.90
Details & Terms
Application Rules
| Rule | Details |
|---|---|
| Sapphire Reserve bonus eligibility | This credit card is unavailable to you if you currently have this card open. The new cardmember bonus may not be available to you if you previously held this card or received a new cardmember bonus for this card. We may also consider the number of cards you have opened and closed in determining your bonus eligibility. |
| 5/24 | Chase applications will be declined if 5 new cards have been added to your personal credit report in the past 24 months. |
| Chase 2/30 | You'll be declined if you apply for a third Chase card of any kind within 30 days |
| Chase 4/6 | Chase will decline your application you apply for a 5th Chase card (personal or BUSINESS) in 6 months |
Payment Terms
| Purchase APR | 19.74%–28.24% (Variable) |
| Cash Advance APR | 28.74% (Variable) |
| Foreign Transaction Fee | $0 |
| Authorized User Fee | $195 |
Card Family
Sapphire family
| Card | Tier | Annual Fee | Note |
|---|---|---|---|
| Chase Sapphire Preferred | premium | $95 | |
| Chase Sapphire Reserve Business | super premium | $795 |
Product changes available between family members without a new credit inquiry.
FAQs
Is it better to use Chase points for travel or cash back?
Cash back redemptions return only 1 cent per point. Booking travel through the Chase Travel Portal can be worth up to 2 cents per point with the Chase Sapphire Reserve for Points Boost redemptions. Transferring points to airline or hotel partners can deliver even higher value, up to 7-10 cents per point.
What is the most efficient way to redeem Chase points?
The most efficient way to redeem Chase points is to transfer them to travel partners. Transfers deliver outsized value, often well more than 2 cents per point. Booking through the Chase Travel Portal is easier, but learning partner awards maximizes long-term value and flexibility.
Which Chase card is best for rewards?
The two Chase Sapphire Reserve cards, personal and business, offer the biggest signup bonuses and most perks, but they also carry higher annual fees. The Chase Sapphire Preferred is an excellent alternative for travelers who want strong value and transferable points with a lower fee.
Can you book Airbnb through Chase Travel?
You cannot book Airbnb through Chase Travel, as Airbnb is not a direct transfer partner. Chase does offer vacation rentals in its portal for select cardholders. Log in to Chase Travel, and if your card is eligible you will see options to search hotels or vacation homes.
Who has more lounges, Chase or Amex?
American Express provides access to more lounges than Chase through the Global Lounge Collection, which includes Centurion Lounges, Delta Sky Clubs, and other partner lounges. The premium cards from both reward systems offer access to the most lounges.
Media & Resources
Video Reviews
8 videosA deep dive into the Chase Sapphire Reserve changes
Is the NEW Chase Sapphire Reserve Worth $795?
Chase Sapphire Preferred vs Reserve (2025 Updates Explained)
Is the Chase Sapphire Reserve STILL Worth It in 2025?
NEW Chase Sapphire Reserve Card - HUGE Updates
NEW Chase Sapphire Reserve Review 2025: Worth $795?!
Chase Sapphire Reserve Just Got a MASSIVE Update [2025]
Chase Sapphire Reserve vs Amex Platinum [2025 UPDATE]
Third-Party Articles & Reviews
Is the Chase Sapphire Reserve Worth Its New Annual Fee?
Value analysis of the refreshed Chase Sapphire Reserve examining whether the $795 annual fee is justified by the card's expanded benefits. Includes breakeven calculations and comparison with pre-2025 version of the card.
Chase Sapphire Reserve review: Premium travel perks
Comprehensive review of the Chase Sapphire Reserve covering the $795 annual fee, $1,650+ in annual credits, Priority Pass Select lounge access, and 10X earning rates on Chase Travel portal. Analysis of whether the premium benefits justify the increased annual fee in 2025.
A deep dive into the Chase Sapphire Reserve changes
Video deep dive analyzing the major 2025 changes to Chase Sapphire Reserve including the $795 annual fee, removal of fixed 1.5cpp redemption rate, introduction of Points Boost feature, and comprehensive breakdown of new statement credits.
Chase Sapphire Reserve Review 2025
Comprehensive Upgraded Points review covering Chase Sapphire Reserve's earning structure, $1,650+ in annual credits, lounge access programs, travel insurance benefits, and recommended strategies for maximizing value. Includes pros/cons analysis and card comparison tool.
Chase Sapphire Reserve Enhances $500 'The Edit' Credit + Adds One-Time $250 Hotel Credit
Details on Chase's enhancement of The Edit hotel credit and addition of one-time $250 Select Hotels credit at luxury properties including Aman, Auberge, Rosewood, and Oetker Collection. Includes booking requirements and eligible properties.
Chase Sapphire Reserve 'Points Boost': Removes 1.5% Travel Redemption
Analysis of Chase's removal of the fixed 1.5cpp Chase Travel redemption rate and introduction of variable Points Boost feature offering 1-2cpp on select travel bookings. Discusses implications for cardholders and optimal redemption strategies.
Refreshed Chase Sapphire Reserve Credit Card Review (2026)
Frequent Miler's comprehensive 2026 review of the refreshed Chase Sapphire Reserve analyzing earning rates, statement credits, lounge access programs, travel protections, and optimal redemption strategies. Includes comparison with other super-premium travel cards.
Updated $795 Chase Sapphire Reserve offers best-ever welcome bonus: 100K points, $500 travel credit
Breaking news coverage of Chase's 2025 Sapphire Reserve overhaul, including the increased welcome bonus, new annual fee structure, and comprehensive list of added statement credits and benefits. Discusses immediate vs. October 2025 implementation dates.
Chase Sapphire Reserve card review: Do the benefits outweigh the $795 annual fee?
Detailed CNBC review evaluating whether the Chase Sapphire Reserve's luxury perks and statement credits justify the $795 annual fee. Analysis covers lounge access, travel protections, Ultimate Rewards transfers, and credit utilization strategies.
Chase Sapphire Reserve Reviews for 2026
WalletHub's aggregated user reviews and expert analysis of Chase Sapphire Reserve with 300+ user ratings. Includes community feedback on actual benefit usage, credit application, and real-world value delivered by the card.
Chase Sapphire Reserve Review 2025
Daily Drop's expert review of Chase Sapphire Reserve covering the card's premium travel benefits, earning rates on dining and travel, Priority Pass access, comprehensive insurance coverage, and Ultimate Rewards transfer partners.
Is the Chase Sapphire Reserve Card Worth It in 2026?
2026 worth-it analysis examining Chase Sapphire Reserve's value proposition for different traveler types. Includes breakeven calculations based on various credit utilization patterns and comparison with other premium travel cards in the market.
Card Design
Evidence Sources
| Source | Verified | Citation |
|---|---|---|
| Chase Official | — | Chase Official |
| Chase | — | Chase |
| Chase | Chase: Multiple card facts | |
| Chase | Chase: Apr | |
| Chase | Chase: Apr | |
| Issuer Page | Issuer Page: Welcome offer | |
| Issuer Page | Issuer Page: Earn rates | |
| Chase | Chase |
Top brands for this card
Brands where this card's earn-rate structure makes it a strong choice. Open a brand for the full ranked list.
Partner credits at
Merchants this card gives you a statement credit or membership at. Unlike the brands above, this isn't about earn rate — it's money the card hands back when you spend there.
