Chase Sapphire Reserve

Chase Sapphire Reserve

Got a lot of questions on this new card – Chase Sapphire Reserve

Chase Sapphire Reserve

Chase Sapphire Reserve

Is it worth for paying $450 annual fee for 100,000 Ultimate Rewards bonus?

In my opinion, it does worth $450 annual fee.  If you are thinking of keeping the card for one year, you does make your money back.  Why?  You do have $300 travel credit from now to December 2016 and another $300 travel credit from January to October 2017, total $600 travel credit.  Needless to say, you earn 100,000 ultimate rewards bonus by spending $4000 in the first three months of new account opening, and 100,000 ultimate rewards could equal to $1000 in cash back, or $1500 in travel redemption, or even more if you transfer the points to your favor airlines loyalty program to travel in style. By paying $450 annual fee, you definitely make more in return.  

In addition, this card earns 3X points on:

  • Travel worldwide from airfare and hotels to taxis and trains.
  • Dining at restaurants from causal fast food to fine dining.

With the 3 times multiple, you enrich your daily spending power even more.


How is the $300 travel credit works?

I wrote about the travel credit two weeks ago.  Chase Sapphire Reserve has a wider use of travel credit.  According to its definition of travel category, it includes airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages. Please note that some merchants that provide transportation and travel-related services are not included in this category; for example, real estate agents, websites or owners that rent vacation properties, in-flight goods and services, on-board cruise line goods and services, sightseeing activities, tourist attractions, merchants within airports, and merchants that rent vehicles for the purpose of hauling.

We went to Las Vegas two weeks ago.  We parked our car in the airport, which was reimbursed automatically as soon as the charges appeared on Chase Sapphire Reserve card.  We took Uber and Lyft in Las Vegas many times and they were all reimbursed as well.  It is nice to have almost $150 charges covered on the trip.

What does that mean for 50% more in travel redemption?

Chase Sapphire Reserve offers the 50% more value for travel redemption verse Chase Ink Plus and Chase Sapphire Preferred offer only 25% more value in travel redemption.  For travel redemption, there is no blackout dates or travel restrictions as long as there is a seat on the flight and you can book it through Chase Ultimate Rewards.

We are planning to rent a car for our December trip.  With the new Chase Sapphire Reserve that we receive and its 50% more value in travel redemption, we save more in Ultimate Rewards.  We should transfer all ultimate rewards into our Chase Sapphire Reserve to get the best value.  Also, don’t forget the $300 travel credit that you can use annually.

Do I like the Chase Sapphire Reserve card?

Yes, we love it and we highly recommend this card.

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