The Chase sapphire reserve is not the credit card for the average consumer, but for those with a high credit rating and higher than average income it could become one of the best rewards cards available. With a $450 annual fee, this is a card that is designed to be used by the most prolific travelers. With regular use it will can earn its members some amazing rewards over time. When used correctly to take advantage of the maximum benefits it has to offer it returns to the user an average 4.5 percent rewards rate.
As a part of the Visa Infinite network it provides users with a TSA PreCheck benefit, insurance for rental cars and much more. Members that are a part of the Ultimate Rewards program are allowed to combine the points earned with this and their other Chase cards to reach their reward status sooner. The Sapphire Reserve card also allows a $300 travel credit every year and gives the holder a membership to the Priority Pass Select club that allows members to enjoy admittance to private lounges in airports around the world. The travel credit can be applied towards baggage fees, seat upgrades and other incidentals. It cannot be applied to ticket prices.
One of the bonus offers includes a 100,000 Ultimate Reward point bonus after spending $4,000 over the first three months of owning the card. A 50 percent bonus is added to the points if booking or paying for any travel-related expense through the Chase Ultimate Rewards portal. Points earned through other Chase cards could be double or tripled depending on how and where they are used. There are no limits to the amount of points earned each year.
The card will not charge any foreign transaction fees and it is believed that it, like other Chase cards, will not allow bonus points to accrue on cash advances, balance transfers or on the purchase of traveler’s checks. Not all travelers will qualify for the Reserve card, but the Chase Sapphire Preferred card is a scaled down version that offers many of the same benefits and a lower annual fee.