Do you want to check out a complete review of the Chase Sapphire Reserve credit card? At Responsible Economy, we’ve got you covered with all the details you need to know about its features, fees, interest rates, cash back, and more. We’ll even provide an explanatory video and a comparison with the best credit cards you can apply for in 2023. Welcome!
Features
In this section, you’ll find a comprehensive breakdown of the Chase Sapphire Reserve credit card’s key features:
Fees
Undoubtedly, fees play a significant role when choosing a credit card. The Chase Sapphire Reserve comes with an annual fee of $550, which is one of its drawbacks. Additionally, each authorized card carries a cost of $75.
With this credit card, you can conduct transactions abroad without incurring any foreign transaction fees.
Late payments or returned payments attract a $40 fee.
Interest rate
Paying off your purchases at the end of each month will exempt you from any charges. For deferred purchases, the interest rate ranges from 22.24% to 29.24% APR, depending on your creditworthiness.
Another downside to the Sapphire Reserve card is the absence of any introductory APR offers. Most credit cards provide at least 15 introductory months at 0% APR. Even Chase Freedom Unlimited offers this option.
Bonus
Chase Sapphire Reserve offers a welcome bonus of 60,000 points when you spend $4,000 within the first 3 months. These 60,000 points can be worth anywhere between $300 and $900, depending on how you choose to redeem them. As you may already know, the value of points varies depending on the redemption method.
Cash back
We show you a list with all the cash back you have available:
- Earn 5x total points on flights when you purchase travel through Chase Ultimate Rewards, after spending the first $300 on travel purchases annually.
- Earn 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards, after spending the first $300 on travel purchases annually.
- Earn 3x points on other travel worldwide after spending the first $300 on travel purchases annually.
- Earn 10x total points on Chase Dining purchases with Ultimate Rewards.
- Earn 3x points on other dining at restaurants, including eligible delivery services, takeout, and dining out.
- Plus, earn 1 point per dollar spent on all other purchases.
Priority pass
Undoubtedly, one of the strong points of this credit card is the Priority Pass. After a simple, one-time enrollment in Priority Pass, you can relax and rejuvenate before your flight at one of the 1,300+ VIP lounges in over 500 cities worldwide.
Travel insurance
Here’s an overview of the insurance coverage associated with the Chase Sapphire Reserve:
Trip Cancellation/Interruption Insurance
Reimbursement of up to $10,000 per person and $20,000 per trip for pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels, if your trip is canceled or shortened due to covered situations like sickness or severe weather.
Auto Rental Collision Damage Waiver
Primary coverage that provides reimbursement up to $75,000 for theft and collision damage for rental cars in the U.S. and abroad when you decline the rental company’s collision insurance and charge the entire rental cost to your card.
Baggage Delay Insurance
Coverage of up to $3,000 per passenger if your checked or carry-on luggage is damaged or lost by the carrier.
Trip Delay Reimbursement
Coverage of up to $500 per ticket for unreimbursed expenses, such as meals and lodging, if your common carrier travel is delayed by more than 6 hours or requires an overnight stay.
Travel and Emergency Assistance Services
Coverage of up to $100,000 for medical services and transportation if you or an immediate family member become sick or injured during a trip far from home, resulting in an emergency evacuation.
Purchase Protection
Coverage for new purchases against damage or theft for 120 days, up to $10,000 per claim and $50,000 per year.
Extended Warranty Protection
Extends eligible warranties of three years or less by an additional year, for warranties provided by U.S. manufacturers.
Return proteccion
Reimbursement of up to $500 per item and $1,000 per year for eligible items that the store won’t accept as returns within 90 days of purchase.
Comparison with the best credit cards
We’ve conducted a comparison between the Chase Sapphire Reserve and the best credit cards available for application in the United States in 2023.
- Fees: $0
- Cashback: 1,5%-6,5%
- Bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 2%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $95
- Cashback: 1x-5x
- Welcome bonus: 60.000 points
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-10%
- Welcome bonus:$200
- Credit Score: 690-850
- Fees: $95
- Cashback: 2x-5x
- Welcome bonus:75.000 miles
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 3%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 4%
- Welcome bonus: $0
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 5%
- Welcome bonus: $0
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 3%
- Welcome bonus: $0
- Credit Score: 690-850
Video Chase credit cards
We have also made a video with all Chase credit cards:
Pros and cons
After reviewing all the features of the Chase Sapphire Reserve credit card and comparing it with other top credit cards, we’ve compiled a table highlighting the advantages and disadvantages.
| Pros | Cons |
|---|---|
| Welcome bonus | Good or excellent credit score |
| Cash back up to 5% | $550 annual fees |
| travel insurance |
Requirements
These are the requirements to apply for this Chase credit card:
- Must be over 18 years old
- Live in the United States
- Have a Social Security
- Credit score good or excellent
- Have an American phone
Conclusions and opinions
After our thorough review, we recommend the Chase Sapphire Reserve credit card primarily for frequent travelers due to its associated insurance coverage and Priority Pass benefits. It comes with an annual fee of $550 and lacks any introductory APR offers.
Frequent questions
Here we answer all the questions you may have about the Chase Sapphire Reserve:
Anothers products of Chase
Here are more products that Chase offers::
- Checking accounts: here you have all Chase checking accounts:
- Savings: Chase savings account review.
- Credit cards: all Chase credit cards.
- If you are a student here is the Chase freedom Student credit card review.
- Chase Freedom Flex review.
- Chase Freedom Unlimited review.
- Chase Sapphire Preferred review.
More information about Chase
Here you have interest information about Chase:
| Information | Description |
|---|---|
| Website | https://www.chase.com/ |
| YouTube | https://www.youtube.com/chase |
| https://twitter.com/Chase | |
| Phone | 1-800-432-3117 |
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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