It’s not surprising that the Chase Sapphire Reserve continues to be one of the most exciting credit cards available. I think this is the best premium travel rewards credit card!
The Sapphire Reserve sign-up bonus is worth at least $750 in travel. And you also get a $300 annual credit for travel purchases every cardmember anniversary. That’s $1,050 in value in the first year, which doesn’t consider other money saving perks you enjoy as a cardholder.
Folks looking to get Big Travel with Small Money can do really well with the Chase Sapphire Reserve. I’ll share my full review of the card, so you can decide if it’s a good fit for your wallet.
Complete Review of the Chase Sapphire Reserve 50,000-Point Offer!
Link: Chase Sapphire Reserve
When you sign-up for the the Chase Sapphire Reserve card, you’ll earn 50,000 Chase Ultimate Rewards points after you spend $4,000 on purchases in the first 3 months from account opening.
You’ll also get:
- 3X Chase Ultimate Rewards points on travel & dining worldwide
- 1X Chase Ultimate Rewards point on all other purchases
- $300 annual credit every cardmember anniversary for travel purchases such as airfare and hotels
- $100 statement credit for Global Entry
- Free Priority Pass Select membership for access to airport lounges
- No foreign transaction fees
- Visa Infinite benefits like $25 food and beverage credit at the Luxury Hotel Collection and complimentary car rental elite status with Silvercar
- Rental car discounts with National Car Rental and Avis
Million Mile Secrets team members Keith and Harlan say this is the #1 card they’re using right now. Because they make frequent travel and dining purchases, so they can earn lots of valuable points!
The card has a $450 annual fee, which is NOT waived for the first year. But the annual travel credit and airport lounge access can more than offset the annual fee! That said, if you shy away from premium credit cards with high annual fees, consider the Chase Sapphire Preferred (my #1 card pick for beginners!)
Just be sure to do the math when deciding between the Chase Sapphire Preferred and Chase Sapphire Reserve. For example, you’re effectively paying a $150 annual fee with the Chase Sapphire Reserve ($450 annual fee – $300 travel credit). After the first year with the Chase Sapphire Preferred, you’ll pay a $95 annual fee. So you’ll pay effectively pay $55 more each year ($150 – $95) to get many extra perks, like lounge access, more bonus points on travel & dining purchases, rental car discounts, and much more!
|Coverage||Chase Sapphire Reserve|
|Primary Rental Car Insurance||• Cardholders covered when you rent a car with your card and decline the car rental agency’s collision damage waiver|
|Delayed Baggage||• If your baggage is delayed for more than 6 hours, you could be reimbursed for purchases of essential items (i.e. clothing, toiletries, cell phone charging cables, and more)
• Up to $100 per day for a maximum of 5 days
|Lost Luggage||• Covers the cost to repair or replace lost luggage and personal items inside
• Up to $3,000 per person each trip with a limit of $500 for items such as jewelry and electronics
|Trip Delay Protection||• If your trip is delayed for more than 6 hours, you could be reimbursed for up to $500 per ticket for reasonable expenses (meals, lodging, toiletries, medication, and other personal use items)|
|Trip Cancellation & Interruption Insurance||• Up to $10,000 per person per covered trip (maximum $20,000 per occurrence)
• Up to $40,000 per 12 month period
• See the Chase Sapphire Reserve Benefits Guide for more details
|Emergency Medical and Dental Coverage||• Up to $2,500 for medical expenses if you or your immediate family member becomes sick or injured 100 miles or more from home on a trip
• See my post on the Chase Sapphire Reserve's coverage for more details
|Emergency Evacuation & Transportation||• Up to $100,000 in coverage|
|Travel Accident Insurance||• Up to $1,000,000 per person ($2,000,000 maximum)|
|Benefits Guide||• Chase Sapphire Reserve Benefits Guide|
The Sapphire Reserve also comes with terrific purchase protection coverage. For example, when you shop with the Sapphire Reserve, you’ll get 1 extra year added to a warranty of 3 years or less. And you get coverage for eligible purchases in case of theft, damage, or lost property. Be sure to read the Guide to Benefits for additional details of these perks.
Don’t forget, Chase Sapphire Reserve cardholders can take advantage of the roadside assistance benefits, which means you can save on annual fees with programs like AAA.
50,000 Chase Ultimate Rewards Points Are Worth at Least $750 in Travel (Potentially Much More!)
My favorite way to use Chase Ultimate Rewards points is to transfer them directly to Chase’s terrific travel partners, like Hyatt or United Airlines. Team member Keith transferred Chase Ultimate Rewards points to United Airlines to book 6 Business Class award tickets home from Sydney!
And for folks with other Chase Ultimate Rewards points earning credit cards (like the Chase Freedom), you can combine points to your Sapphire Reserve account before transferring them directly to an airline or hotel partner.
Here are a few ways you can redeem 50,000 Chase Ultimate Rewards points.
1. Book Airfare, Hotels, and Rental Cars Through the Chase Travel Portal ($750 Worth of Travel)
Using the Chase Ultimate Rewards travel portal, you can book flights, hotels, and rental cars for less with points linked to your Chase Sapphire Reserve. That’s because they’re worth 1.5 cents each when you redeem for travel through the Chase portal.
So you’ll get $750 worth of travel with the 50,000-point Chase Sapphire Reserve sign-up bonus. And you can combine points from other cards like the no-annual-fee Chase Freedom to still get the higher redemption value!
Plus, you never have to worry about blackout dates or finding award seats. And you’ll still earn miles for your flight! Prices are usually the same as what you’ll find through online travel agencies, like Priceline.
When redeem points through the Chase portal, you’re NOT restricted to booking travel with one of Chase’s travel partners mentioned above. You can book hotel stays at boutique hotels or airfare on budget airlines.
Keep in mind, there are 4 low-cost airlines that do NOT show up on Chase’s travel portal: Southwest, Norwegian Air, Allegiant, and Gol. But you can still book tickets using your Chase Ultimate Rewards points by calling the Chase travel center at 866-951-6592.
2. Hyatt Award Stay ($900+ Worth of Value)
Along with many Million Mile Secrets team members, I love transferring Chase Ultimate Rewards points to Hyatt to book fantastic hotel stays.
You can book a free night for as few as 5,000 Hyatt points. This means the Chase Sapphire Reserve could get you 10 free nights at wonderful Hyatt hotels around the world! Or you can splurge for a special occasion and use more points to stay at a higher category Hyatt hotel, which might otherwise be very expensive if you paid cash.
Plus, Hyatt has a no blackout date policy, which makes it easier to use points to book award stays. You can even use points to stay at top-rated all-inclusive Hyatt hotels, like Hyatt Zilara Cancun, which team member Scott highly recommends. Room nights at this hotel can cost $450+ per night. But you can book the same exact room for 20,000 Hyatt points.
So the Chase Sapphire Reserve sign-up bonus is enough for 2 free nights at this Category 5 hotel. And with the points you earn from minimum spending, you’ll be close to having enough points to book a 3rd night!
3. 2 Round-Trip Award Flights to Hawaii ($1,000+ worth of value)
Thanks to a new partnership between Alaska Airlines and Singapore Airlines, you can book round-trip coach flights from the West Coast cities to Hawaii on Alaska Airlines for 24,000 Singapore Airlines miles!
And Singapore Airlines is a Chase transfer partner, which means the 50,000-point Sapphire Reserve sign-up bonus is enough for 2 round-trip coach award flights! These flights typically cost $500+ per person if you pay cash.
Important Chase Application Rules to Keep in Mind!
Chase has these restrictions for their Sapphire-branded credit cards:
- You may no longer have more than one Sapphire-branded credit card. For example, if you currently have the Chase Sapphire Preferred card, you won’t be eligible for the Chase Sapphire Reserve card.
- If you close a Chase Sapphire card account, you will NOT be eligible for any Sapphire-branded credit cards if you’ve earned the sign-up bonus on a Sapphire-branded product within the last 24 months
You should also consider the Chase “5/24 rule.” If you’ve opened 5+ cards in the past 24 months from ANY bank (excluding Chase business cards and other certain small business cards), you will NOT be approved for Chase Sapphire Reserve. If you’re just over the “5/24 limit”, it might be worth waiting to apply for other cards to make yourself eligible to get the Sapphire Reserve.
There are lots of reasons the Chase Sapphire Reserve is such a popular premium travel rewards credit card.
When you sign-up for the the Chase Sapphire Reserve card, you’ll earn 50,000 Chase Ultimate Rewards points after meeting minimum spending requirements. At a minimum, you can use the sign-up bonus points to get $750 worth of travel by booking airfare, hotels, or rental cars through the Chase travel portal.
But you can potentially get much more value by transferring points directly to Chase’s terrific travel partners, like Hyatt or United Airlines.
The Sapphire Reserve card comes with a $300 annual credit for travel purchases every cardmember anniversary, which effectively reduces the annual fee to $150 ($450 annual fee – $300 annual travel credit). And it’s easy to accumulate points with this card because you earn 3X points for travel & dining purchases.
That’s one reason Million Mile Secrets team members Keith and Harlan say this is the #1 card they’re using right now.
What’s your favorite perk with the Chase Sapphire Reserve card?