The Chase Sapphire Reserve® is one of the most popular travel credit cards on the market—especially for people who travel frequently and are looking for an elite credit card that comes with top travel benefits.
If that’s you, then you might already know that the Chase Sapphire Reserve benefits deliver. From an annual $300 travel credit to complimentary airport lounge access, the Chase Sapphire Reserve travel benefits give you the opportunity to travel in style and save money on every trip.
However, these aren’t the only benefits that come with the Chase Sapphire Reserve. Many prospective cardholders aren’t aware of the Chase Sapphire Reserve hotel benefits, for example—or just how valuable the Sapphire Reserve’s welcome bonus can be.
We’ve got a complete guide to the Chase Sapphire Reserve benefits package to help you understand everything this card has to offer and to help you decide whether the Chase Sapphire Reserve credit card should be your newest travel companion.
Chase Sapphire Reserve benefits at a glance
Here’s a quick overview of the Chase Sapphire Reserve credit card:
|Sign-up bonus||60,000 bonus points after spending $4,000 in the first three months|
|APR||16.99% to 23.99% variable|
|Select travel benefits||
Tip: While the Chase Sapphire Reserve benefits are extensive, the card’s $550 annual fee might make a few potential cardholders nervous. Not sure whether the Chase Sapphire Reserve is worth it? Try comparing it to the Chase Sapphire Preferred® Card to see which fits you better.
The Chase Sapphire Reserve benefits start with the card’s extremely high rewards rate. In fact, the Sapphire Reserve offers some of the highest rewards-earning opportunities in the travel credit card market.
You’ll start off with a $300 annual travel credit, which can be redeemed for statement credits toward travel purchases charged to your Chase Sapphire Reserve card. (Since many people are curtailing their travel during the coronavirus pandemic, Chase has extended this travel credit to include gas station and grocery store purchases made before Dec. 31, 2021.)
Next, you’ll earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases.
The Chase Sapphire Reserve also offers a sign-up bonus of 60,000 Ultimate Rewards points to qualifying cardholders who spend $4,000 in the first three months after opening their account. The Chase Sapphire Reserve welcome bonus can be worth as much as $900 when redeemed for travel through Chase Ultimate Rewards.
This brings us to a significant benefit of earning Chase Sapphire Reserve rewards—the ability to increase your rewards by 50 percent by redeeming them for travel purchases made within the Chase Ultimate Rewards portal.
You can also boost the value of your rewards through Chase’s Pay Yourself Back program, which gives Chase cardholders the opportunity to increase the value of their Ultimate Rewards by redeeming them for statement credits toward popular shopping categories. Reserve cardholders can increase the value of their Chase Ultimate Rewards points by 50 percent when redeeming them for statement credits toward groceries, dining (including eligible takeout and delivery services), home improvement purchases and donations to select charitable organizations.
In addition to earning high-level rewards with every purchase, Chase Sapphire Reserve cardholders can also take advantage of high-level travel benefits. Here’s a quick overview of the Chase Sapphire Reserve benefits you can receive on air travel, ground travel and hotels:
In addition to your annual $300 travel credit and the opportunity to increase the value of your Chase Sapphire Reserve points by 50 percent when booking travel through Chase Ultimate Rewards, cardholders can take advantage of a few unique Sapphire Reserve air travel benefits.
Start with a TSA PreCheck/Global Entry membership credit worth up to $100 and redeemable every four years.
Then, add a complimentary Priority Pass Select membership, which offers access to more than 1,000 luxury airport lounges worldwide.
Plus, Chase Sapphire Reserve cardholders can transfer their Ultimate Rewards points to leading airline loyalty programs at a 1:1 value.
Your Chase Sapphire Reserve travel benefits include a complimentary Lyft Pink membership (for cardholders who activate their membership before March 31, 2022). With Lyft Pink, you get up to 15 percent off every Lyft ride, plus priority airport pickups, relaxed cancellation options and opportunities to take advantage of member-only savings. This membership has a minimum value of $119, and the value only increases the more often you use Lyft.
Plus, cardholders can earn 10X points per dollar on all Lyft rides taken before March 31, 2022.
Chase Sapphire Reserve hotel benefits include access to The Luxury Hotel & Resort CollectionSM, a hand-selected group of hotels and resorts that offer special benefits, such as complimentary room upgrades and the ability to check in early or check out late.
Plus, you can transfer your points to leading hotel loyalty programs at a 1:1 value.
Not only will you earn 3X points on general dining purchases, but you can also take advantage of complimentary access to DoorDash’s subscription service, DashPass (when activated before Dec. 31, 2021). The DashPass subscription offers unlimited deliveries with no delivery fee, as well as reduced service fees on orders over $12.
Plus, cardholders can earn up to $60 in statement credits on DoorDash purchases through Dec. 31, 2021.
Want even more Chase Sapphire Reserve benefits? Try earning up to $120 in statement credits on an eligible Peloton Digital or All-Access Membership (when activated before Dec. 31, 2021).
You can take advantage of Peloton’s workout classes—which include yoga, cardio, strength and more—even if you don’t have a Peloton Bike. That said, your Chase Sapphire Reserve benefits include 10 points per dollar on each Peloton Bike and Bike+ purchase over $1,800, with the opportunity to earn up to 50,000 points on qualifying Peloton Bike purchases made before March 31, 2022.
Maximizing your rewards
To maximize your rewards on this card, start by taking advantage of your welcome bonus. If you miss the opportunity to earn 60,000 points as a new cardholder, you’re also missing the opportunity to redeem those points for up to $900 in travel bookings through Chase Ultimate Rewards.
Prefer to transfer your Ultimate Rewards points to a participating airline or hotel loyalty program? Use our guide to Chase transfer partners to get the best value out of every transaction.
It’s also a smart move to combine your Chase Sapphire Reserve with another Chase credit card that earns Chase Ultimate Rewards. If you have multiple Chase credit cards that earn Ultimate Rewards, you can transfer the value of your rewards to a single Chase card. If you transfer your rewards to the Chase Sapphire Reserve, you can increase the value of those rewards by 50 percent—either by booking travel through Chase Ultimate Rewards or by redeeming your rewards for statement credits through Chase’s Pay Yourself Back program.
If you really want to conquer pooling Chase Ultimate Rewards points, consider the strategy of using the Chase trifecta—that is, strategically combining the Chase Sapphire Reserve, the Chase Freedom Unlimited® and the Ink Business Preferred® Credit Card to take serious advantage of everything Chase Ultimate Rewards has to offer.
The bottom line
Interested in taking advantage of the Chase Sapphire Reserve benefits? Ask yourself whether you travel often enough to enjoy all the perks of the card. If you are a frequent traveler who is ready to make the most of your credit card rewards, you might find that the Chase Sapphire Reserve travel benefits more than outweigh the card’s $550 annual fee—especially when you use the $300 annual travel credit, the complimentary Lyft Pink membership and the opportunity to increase the value of your Chase Sapphire Reserve points by 50 percent when you redeem them for travel through Chase Ultimate Rewards.