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- Chase Sapphire Reserve Bonus
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The 100,000 bonus points offer for the Chase Sapphire Reserve® has officially expired. You can still earn 50,000 bonus points with the card when you spend $4,000 on purchases in the first 3 months.
Even though the 100k points offer is no longer available, I still believe the card to be worth the $550 annual fee. However, this won’t be the case for users that don’t travel often, or those who don’t appreciate the premium travel perks.
*Be sure to check out the current Checking and Savings promotions from Chase also.
|Bonus available||50,000 Points when you spend $4,000 on purchases within the first 3 months.|
|Travel credit||$300 annually in travel reimbursements.|
|Ongoing rewards||3X points on travel immediately after earning your $300 annual travel credit. 3X points on dining at restaurants. 1 point per dollar spent on all other purchases.|
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||1,300+ 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 concoursswmi and not the card issuer. Read our card review for more details.
View our latest valuations here.
Why I Chose The Chase Sapphire Reserve
For those simply seeking a hefty credit card sign-up bonus, the 50k bonus points that you can earn will be worth $750 towards travel booked through Chase. This offer more than makes up for the $550 annual fee, which isn’t waived for the first year. You can potentially get even more value with your points by transferring points over to Ultimate Rewards travel partners. More on this below.
Now that the bonus offer is down to 50,000 points, this card won’t be such a good choice for those only looking for bonus value. If you’re in this boat, consider other bonus options with lower annual fees that are waived the first year (e.g. Chase Sapphire Preferred® Card, Capital One® Venture® Rewards Credit Card).
If you are in the market for a premium travel card to hold on to, this is a solid choice. There are 3 premium travel benefits I picked this card for – Priority Pass lounge access, 3X points on travel/dining, and $300 in annual travel credit.
#1: Free Priority Pass Select Membership
You’ll have access to 1,300+ airport lounges worldwide with the complimentary Priority Pass Select membership. This membership level is equivalent to the “Prestige” membership plan that would cost you $400+ if purchased directly on the Priority Pass site (see Priority Pass discounts here). As this is a benefit that’s important to me, I perceive the savings as a huge rationale for the $550 annual fee.
You’ll have access to 1,300+ lounges at no cost, and your guests (up to 2) will also be covered.
This premium benefit is much needed on those long international travel plans. You’ll 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.
Go to the Priority Pass website to see the participating lounges worldwide.
- Once you receive your Chase Sapphire Reserve card, you’ll have to activate your free Priority Pass Select membership to take advantage of the benefit.
- to 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 now accept the card digitally through the smartphone app (always the case in my travels), but you do get a physical Priority Pass card after activating your free membership. It could take 2-3 weeks after activation to receive your card, so plan accordingly (I received mine in under 2 weeks).
- If you’re traveling before your Priority Pass member card arrives, charge the in-network lounge access to your Chase Sapphire Reserve card and you can call in to have it reimbursed.
#2: 3X Points On Travel/Dining
You’ll earn 3 points per $1 spent on travel worldwide from airfare and hotels to taxis and trains. The 3 points per $1 spent on dining at restaurants worldwide applies to both fast casual to fine dining. Outside of these categories, you’ll earn 1 point per $1 spent on all other purchases.
What are these points worth?
While you can redeem your points towards Gift Cards, Cash Back, or Amazon.com “Shop with Points”, you’ll receive 50% more value when you book travel through the Chase Ultimate Rewards portal.
Taking into account the 50% extra value, your rewards rate will be 4.5% on Travel/Dining and 1.5% on all other purchases. In comparison, the Chase Sapphire Preferred Card earns an effective rate of 2.5% on Travel/Dining and 1.25% elsewhere.
To possibly get even more value from your earned points, you can take advantage of the 1:1 points transfer feature with Chase’s travel partners. Transfer over your Ultimate Rewards points earned with the Chase Sapphire Reserve card for an equivalent amount of points/miles with their transfer partners.
Depending on how you use your rewards with these partners, your transferred points could end up being worth much more. This is the case with many of the hotel rewards and certain airline partners.
Going through several booking scenarios, I found you can get up to an average 2 cents per point in value. So, 50k points can be worth up to $1,000 compared to $750 in travel through Chase. I’ve personally gotten double the value for my Ultimate Rewards points when transferring over to the United and Emirates airline programs for a flight booking.
Partners sometimes change, but here’s a list:
|Airline Transfer Partners||Hotel Transfer Partners|
|Aer Lingus AerClub||IHG Rewards Club|
|British Airways Executive Club||Marriott Bonvoy|
|Flying Blue AIR FRANCE KLM||World of Hyatt|
|Singapore Airlines KrisFlyer|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
#3: $300 Annual Travel Credit
Thirdly, the $300 Annual Travel Credit that you’re allotted will cut down on the $550 annual fee substantially. I’ve seen some misunderstanding from readers on this card thinking it only applies to minor expenses like baggage fees and seat upgrades. Actually, the credit will be used as reimbursement for travel purchases that includes airfare and hotels charged to your card.
The credits also occur throughout the year automatically as your charges are processed (it only took a few days for my first hotel booking with the card to get credited). I can also personally confirm that ride-sharing expenses such as Uber and Lyft count towards the travel credit as well.
This credit will be easily used up for any traveler, much less a frequent traveler that I only recommend this card for.
50,000 Bonus Points To Top It All Off
To earn the 50,000 bonus points, you’ll have to spend $4,000 on purchases in the first 3 months from account opening to qualify.
Frequent travelers should have no issues meeting the spending requirement for the bonus, but here are some ideas:
Anyone who makes full use of all the travel benefits of the Chase Sapphire Reserve card will see why choosing a premium card with a whopping $550 annual fee can actually make sense.
What’s The Competition?
If you don’t spend enough on Travel/Dining or don’t feel as though the premium travel benefits are worth the annual fee, you may want to consider these alternatives – the Capital One Venture Rewards Credit Card and the Chase Sapphire Preferred Card.
The information related to the Chase Sapphire Reserve credit card has been collected by MoneysMyLife and has not been reviewed or provided by the issuer of this card.
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