Recommendation Chase Sapphire Reserve

Benefits of the Chase Sapphire Reserve Card

The Chase Sapphire Reserve Credit Card is a card that is perfect for people who travel frequently and want to get the most out of their spending. This card has one of the best rewards programs and comes with additional privileges that make it ideal for the frequent traveler.

Rewards Program:

– 5X Total Points: Get 5X points on flights and 10X points on hotels and car rentals when you book travel through Chase Travel after you spend $300 on travel purchases each year.

– 3X Points: Receive 3X points for other travel and dining.

– 1 Point per $1: Receive 1 point for every $1 spent on all other purchases.

– 10X Points on Lyft: Get 10X points on Lyft rides until March 2025.

Welcome Bonus:

Get 75,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That’s $1,125 towards travel when you redeem through Chase Travel.

Annual Fee:

The Chase Sapphire Reserve Card has an annual fee of $550 every year. However, the fee can be justified by using all the features and benefits of the card to the maximum.

APR and Fees:

– Intro APR: There is no introductory APR for purchases or balance transfers.

– Regular APR: The regular APR ranges from 22. 49% to 29. 49% variable.

– Balance Transfer Fee: For each transfer, 5% of the amount of each transfer with a minimum of $5.

– Foreign Transaction Fee: It does not charge foreign transaction fees, which makes it ideal for use when traveling abroad.

Credit Needed:

Applicants with fair to good credit can apply for the Chase Sapphire Reserve Card but, typically, excellent credit is required.

Pros:

– $300 Annual Travel Credit: Get a $300 travel credit each year for travelinc expenses.

– Global Entry or TSA PreCheck Fee Credit: Receive up to $100 credit towards Global Entry or TSA PreCheck application fees every four years.

– Priority Pass™ Select Lounge Access: Enjoy more than 1,000 VIP lounges in over 500 cities with Priority Pass™ Select membership.

– Increased Points Value: Chase Ultimate Rewards points are worth 50% more when redeemed for travel through the Chase Travel portal.

– Luxury Hotel & Resort Benefits: Luxury awaits you at The Luxury Hotel & Resort Collection.

– Complimentary Lyft Pink Membership: Receive a free one-year subscription to Lyft Pink, which provides services such as a 15% discount on Lyft rides.

Cons:

– High Annual Fee: The $550 annual fee is quite steep but can be worth it especially with the card’s rewards and features.

– No Introductory APR: There is no introductory APR for purchases or balance transfers.

Estimated Rewards:

– After 1 Year: The total cost of the trip is $1,469.

– After 5 Years: It was $3,346.

The estimated rewards totals include the points received from the welcome bonus, which makes this card highly attractive for frequent travelers.

The Chase Sapphire Reserve Card provides the most travel rewards and perks to its users, which is ideal for people interested in enhancing their travel experience. It has good rewards on travel and dining, a high welcome bonus, and special travel benefits, making it an excellent choice for the frequent traveler.

Join today and reap the benefits of being a Chase Sapphire Reserve Card holder.