What if we told you that there’s a credit card out there that is offering the rewards equivalent of $750 in travel dollars as an introductory offer?
Well, start dreaming about your next vacation. Chase Sapphire Reserve® has arrived and that introductory offer isn’t a dream; in fact, it's just one of several reasons this card is the 2019 Editor's Choice runner up in the Best Luxury Credit Card category. And, this card was named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine. New cardholders earn 50,000 points after spending $4,000 on their card in the first three months; those points, when redeemed for travel through Chase Ultimate Rewards®, are worth $750.
Before you make a decision based solely on the intro bonus, check out these additional features.
The best features of Chase Sapphire Reserve®:
Paying attention yet? The Chase Sapphire Reserve® card is the Chase Sapphire Preferred® Card maximized and given a luxury polish. Sure its $450 annual fee is steep, but if you’re on the hunt for a card that will reward your travel and dining out spending and allow you to rack up points for your next business or personal trip, this one is worth your time.
Every conversation about the Chase Sapphire Reserve® card starts with the solid introductory offer – it’s a good one at 50,000 points, equal to $750 in travel when redeemed through Chase Ultimate Rewards®. It’s true that the $4,000 threshold to snag the points is a bit high, but you have three months to cross that threshold. If you spend just $1,350 a month on your credit card, you’ll more than hit the mark.
Remember, too, that you’ll also earn three points for every $1 you spend on dining out worldwide and for travel that isn't eligible for the annual reimbursement, as well as one point per $1 on all your other purchases. If you choose to spend toward the intro offer with dining out purchases, you could have as many as 12,000 additional points to go with your intro points.
But, as with any credit card, you need to look beyond the introductory offer to decide whether the card is truly right for you.
In the case of the Chase Sapphire Reserve® card, the ongoing features and perks do make it a compelling choice if you have the credit history to qualify and the credit card spending habits that will enable you to earn enough points to offset the annual fee. It’s not often that a new credit card hits the market with features and perks so special that we drop everything to find out more.
It’s not often, but it does happen and Chase Sapphire Reserve® is currently that card.
Annual statement credits for travel purchases aren’t unheard of in the luxury travel card market, but having those credits extend beyond just airline fees is unique. Chase Sapphire Reserve® offers cardholders up to $300 in automatic statement credit each year to cover everything from airline tickets to hotel stays.
You can effectively lower the annual fee to just $150 if you collect the full $300 in credits annually.
Enough about the awesome rewards and statement credit opportunities, though. Let’s talk about the travel perks that make this card truly one for the jetsetter who appreciates some comfort and luxury as they take to the skies.
Chase Sapphire Reserve® cardholders receive complimentary access to more than 1,000 airport lounges around the world after a one-time enrollment in Priority Pass Select®. You’re also eligible for up to $100 in statement credit every four years as reimbursement for your Global Entry or TSA Pre✓® application fee charged to your card.
Luxury credit cards like Chase Sapphire Reserve® certainly come with a ton of perks, but they also generally come with their share of fees. In particular, the annual fee of $450 only covers the primary user of Chase Sapphire Reserve®; you’ll pay an additional $75 annually for each authorized user you add.
Furthermore, this card doesn’t offer any kind of introductory zero percent interest rate on purchases or balance transfers, so you’ll want to look elsewhere if you are hoping to make a large purchase and spend a few months paying it off interest-free.
Chase Sapphire Reserve® vs. Mastercard® Black Card™
The Mastercard® Black Card™ offers similar perks and features as Chase Sapphire Reserve®, but its annual fee is slightly higher at $495 and you'll pay $195 per year for each authorized user as compared to $75 with Chase Sapphire Reserve®.
Mastercard® Black Card™ members have lower rewards-earning opportunities overall – one point per $1 for all purchases – but when it comes time to redeem, your point value is worth more (2 percent) for airfare redemptions, so it takes just 75,000 points to redeem for $750 in airfare as opposed to 100,000 points with the Chase Sapphire Reserve®, though Chase Sapphire Reserve® redemption bonuses can be applied to a variety of travel beyond just airfare.
Perhaps the biggest difference is that the Mastercard® Black Card™ offers an introductory zero interest period on balance transfers made within the first 45 days of account opening for the first 15 billing cycles (then, 17.24% Variable), making the Mastercard® Black Card™ perhaps a better option if you need to transfer a balance and pay it off over time interest-free. Otherwise, you'll get similar, if not better, perks and features for a lesser annual fee with the Chase Sapphire Reserve® card.
Chase Sapphire Reserve® vs. Citi Prestige® Card (This card is not currently available on CardRatings)
The Citi Prestige® Card (Citi is a CardRatings advertiser) has recently undergone some changes that took some of the luster off its luxury shine. That said, it's still worth checking out as its annual fee is the same as that of the Chase Sapphire Reserve® card, $450, but it charges slightly less per authorized user, $50.
When it comes to the perks, Citi Prestige® Card members are eligible for up to $250 annually in statement credit to reimburse for travel expenses, though the reimbursement is limited to flight-related expenses with the Citi Prestige® Card, whereas the Chase Sapphire Reserve® card offers its reimbursement for everything from flights to hotel stays. Citi Prestige® Card members, however, can receive their fourth consecutive night free when they book their hotel stay through Citi Prestige® Concierge.
The Citi Prestige® Card features a tiered points-earning structure that allows you to earn three points per $1 spent on air travel and hotels, two points per $1 on dining out and entertainment and one point on all other purchases. Consider your typical spending habits and which card's points structure will allow you to accumulate more points.
The Platinum Card® from American Express is another strong contender in the luxury credit card market. It comes with a $550 annual fee. American Express is a CardRatings advertiser. Terms apply. See Rates and Fees
You earn five points for flights purchased directly with airlines or through the Amex travel portal as well as five points for hotels purchased through the portal. You earn one point per $1 spent, however, on all other purchases with The Platinum Card® from American Express, so its reward-earning opportunities are perhaps lower than with the Chase Sapphire Reserve® card. Otherwise, its perks are similar and include airport lounge access, airline fee reimbursement via up $200 in statement credit annually for fees charged by a pre-selected airline, Global Entry or TSA Pre✓ fee reimbursement and, of course, 24/7 concierge service. Terms apply.
The biggest difference here is that The Platinum Card® from American Express is a charge card, not a credit card, which means you'll need to pay off your balance in full each billing cycle as opposed to having the option to carry a balance. Terms apply.
Chase Sapphire Reserve® is raising the bar in the luxury credit card world with its stellar introductory offer and top-of-the-line rewards-earning and redemption possibilities. If you're already a fan of the Chase Sapphire Preferred® Card are are looking for additional perks and comfort when you travel as well as even higher rewards earning opportunities, take a long look at Chase Sapphire Reserve®.
On the other hand, if you like the sound of what Chase Sapphire Reserve® has to offer but just can't justify the steep annual fee, the Chase Sapphire Preferred® Card is still there as an excellent option with a much lower, $95 annual fee and plenty of options to rack up rewards.
Since this card is a step up from the Chase Sapphire Preferred® Card, we'll close by taking a look at a few of the key features of these cards side by side.
Chase Sapphire Reserve®: $450 ($75 for each authorized user)
Chase Sapphire Preferred® Card: $95; no charge for authorized users.
Chase Sapphire Reserve®: 50,000 bonus points, worth $750 in travel when redeemed through Chase Ultimate Rewards®, after spending $4,000 within the first three months.
Chase Sapphire Preferred® Card: 60,000 bonus points, worth $750 in travel when redeemed through Chase Ultimate Rewards®, after spending $4,000 within the first three months (points are worth an extra 25 percent as opposed to 50 percent more with Chase Sapphire Reserve®.
Chase Sapphire Reserve®: Three points for every $1 spent on dining and on travel beyond what is eligible for the $300 reimbursement; one point for every $1 on all other purchases.
Chase Sapphire Preferred® Card: Two points per $1 spent on travel and dining; one point per $1 on all other purchases.
Chase Sapphire Reserve®: Points are worth 50 percent more when you redeem for travel through Chase Ultimate Rewards®.
Chase Sapphire Preferred® Card: Points are worth 25 percent more when redeemed for travel through Chase Ultimate Rewards®.
Foreign transaction fees:
Chase Sapphire Reserve®: None
Chase Sapphire Preferred® Card: None
To see the rates and fees for the The Platinum Card® from American Express please visit the following link: See Rates and Fees.