The Chase Sapphire Reserve is one card that you should definitely hold and keep for the long-term. The Sapphire Reserve card does have a $450 annual fee, but there are a ton of benefits. There is a $300 travel credit that can be easily used on anything travel related such as hotels, airfare, rental cars, etc. That travel credit effectively reduces the annual fee to $150 each year.
The Sapphire Reserve’s other benefits justify the remainder of the annual fee. The 6-hour trip delay insurance allows you to spend $500 per person if you are delayed more than 6 hours, which can take a lot of the stress of flying during the winter or on a tight connection. You also get a lot of other travel benefits such as a Global Entry/TSA PreCheck fee credit, and primary rental car insurance, which covers any damage to your rental car (liability is not included).
The Sapphire Reserve also comes with Priority Pass airport lounge access, which now includes many airport restaurants. This can be a great benefit even if you fly only a few times per year. It is great to have access to a lounge after a long flight and take a shower or save money by eating for almost free at an airport restaurant (typically you get $28 per person, plus two guests, so you could get $84 in free food and drinks at most places)
- Target Bonus: 50,000 Ultimate Rewards
- Current 50,000 Ultimate Rewards
- Subject to 5/24 Rule and Sapphire Rule
Annual Fee: $450
Earning Ultimate Rewards Points
- 3x points on travel and dining
- 1x points everywhere else.
Sapphire Reserve Benefits
- $300 annual travel credit (automatic and easy to use, but only once per card year)
- You can cash your Ulitmate Rewards points out at 1.5 cents for travel-related purchases, which is a bonus over the Sapphire Preferred (1.25 cents per point) and other Ultimate Rewards cards (1.0 cent per point)
- Priority Pass (unlimited with 2 guests)
- 6-hour travel delay insurance
- Global Entry or TSA Pre-Check Credit
- Primary car rental insurance
- Lost luggage reimbursement
- Medical evacuation insurance
- Trip cancellation insurance
- 120-day purchase protection
- Extended warranty protection.
- Luxury Hotel and Resort Collection- You can get free room upgrades, meals, early/late check-in, and extra amenities by booking via Chase’s Luxury Hotel & Resort Collection.
- Hotel Benefits at Relais & Chateaux- This hotel chain has 500 hotels worldwide and as a cardholder, you can get a room upgrade, VIP welcome, and free breakfast.
Note 1: Chase now only allows a person to have either the Preferred or Reserve.
Note 2: Authorized users get all of the benefits except the $300 annual travel credit and global entry reimbursement.
Note 3: If you want to create a digital priority pass for the Chase Reserve, register your priority pass card online.
Note 4: You can get an extra 75,000 points when you have a Reserve card and get a home loan with Chase.
Note 5: The following purchases generally qualify as dining: Bars, Cafes, Coffee shops, Fast food restaurants, Restaurant delivery services (e.g. Postmates or Seamless), Restaurants, and Vending machines. However, the following purchases do not generally qualify as dining: Amazon Restaurants, Bakeries, Grocery stores, and Meal kit subscriptions.
Comparison of All Ultimate Reward Cards
Sapphire Reserve Sapphire Preferred Ink Preferred Freedom Unlimited Freedom Ink Cash Ink Unlimited Sapphire Reserve Sapphire Preferred Ink Preferred Freedom Unlimited Freedom Ink Cash Ink Unlimited Current Bonus 50,000 50,000 80,000 15,000 15,000 30,000 $500 Annual Fee $450 $95 $95 $0 $0 $0 $0 Additional Card Holder Fee $75 $0 $0 $0 $0 $0 Annual Travel Credit $300 No No No No No No Transfer Partners Yes Yes Yes No No No No UR Value on travel 1.5 cpp 1.25 cpp 1.25 cpp 1 cpp 1 cpp 1 cpp N/A (Cash back) Lounge Access Priority Pass No No No No No No Travel 3x 2x 3x 1.5x 1x 1x 1.5% cashback Dining 3x 2x 1x 1.5x 1x 2x 1.5% cashback Groceries 1x 1x 1x 1.5x 1x 1x 1.5% cashback Gas 1x 1x 1x 1.5x 1x 2x 1.5% cashback Office Supplies 1x 1x 1x 1.5x 1x 5x 1.5% cashback Shipping/Advertising 1x 1x 3x 1.5x 1x 1x 1.5% cashback Phone/Internet 1x 1x 3x 1.5x 1x 5x 1.5% cashback Other Spend 1x 1x 1x 1.5x 1x 1x 1.5% cashback Global Entry Yes, every four years No No No No No No Rental Car Insurance Primary/$75,000 Primary Primary (for business purposes) Secondary (Primary outside the U.S) Secondary (Primary outside the U.S) Primary (for business purposes) Primary (for business purposes) Foreign Transcation Fee None None None 3% 3% 3% 3% Trip Delay 6 Hrs/$500 12 Hrs/$500 12 Hrs/$500 None None None None Purchase Protection 120 Days/$10,000 120 Days/$500 120 Days/$10,000 120 Days/$500 120 Days/$500 120 Days/$10,000 120 Days/$10,000 Cellphone Protection None None $600 with $100 deductible None None None None Extended Warranty 1 Year 1 Year 1 Year 1 Year 1 Year 1 Year 1 Year Return Protection 90 Days/$500 up to $1,000 per year None None None None None None Trip Cancel Insurance $10,000 $10,000 $5,000 $1,500 per person up to $6,000 $1,500 per person up to $6,000 None None Trip Interruption Insurance $10,000 $10,000 $5,000 $1,500 per person up to $6,000 $1,500 per person up to $6,000 None None Travel Accident Insurance $1,000,000 $500,000 $500,000 None None $500,000 None Baggage Delay 6 Hrs/$100 up to 5 Days 6 Hrs/$100 up to 5 Days 6 Hrs/$100 up to 5 Days None None 6 Hrs/$100 up to 3 Days 6 Hrs/$100 up to 3 Days Emergency Evac $100,000 None None None None None None Roadside Service Up to $50 up 4 times per year $59.95 Per time Usage Fee Usage Fee Usage Fee Usage Fee Usage Fee Lost Luggage $3,000 $3,000 $3,000 $3,000 $3,000 None None Quarterly Bonus None None None None 5x None None