23
Aug

Chase Sapphire Reserve Credit Card 100k Review – The Best Travel Credit Card

Posted By Trav

Wow, it’s not often that I am blown away by a credit card offer – but that changes with the Chase Sapphire Reserve 100k offer.

Chase has just launched the Chase Sapphire Reserve, and it is, without a doubt, now the best travel credit card out there – head and shoulders above the rest.

I’ll break down exactly why below, but first, here’s the important details:

You’ll earn 100,000 Chase Ultimate rewards points after spending $4,000 in 3 months.

You also get a $300 annual travel credit, which means you’ll get reimbursed $300 every calendar year when you use the Chase Sapphire Reserve on airfare and hotels.

You’ll get 3x on travel and dining and 1x on all other purchases.

Plus, you’ll also get complimentary Priority Pass membership and $100 credit for Global Entry or TSA Pre Check.

There is an annual fee of $450 a year, which seems steep at first, but…since you’re getting $300 a year in annual travel credit, it’s really a $150 annual fee – and you’re actually making $150 the first year, which I’ll explain below.

Why the Chase Sapphire Reserve is the Best Travel Credit Card

100k Sign Up Bonus with Reasonable Minimum Spend

You’ll receive 100,000 Chase Ultimate Rewards points after spending $4,000 in the first 3 months.

Not only is 100k points a huge amount – the biggest we’ve ever seen for a Chase card – but the minimum spend requirement of $4k in 3 months is pretty doable for most people.

Many of the higher end credit cards – especially those with 100k point sign up bonuses – require a much higher minimum spend.

Chase Ultimate Rewards Points

It gets better.  Not only are you getting 100k points, but you’re earning the BEST travel points out there.

Chase points are my favorite because they can be used as cash through the Chase shopping portal or they can be transferred to awesome partners like United, Southwest, or Hyatt.

At minimum, these are worth $1500 if you use them through the Chase portal.  And if you transfer them, they can be worth $3000+.

Long story short – Chase points rule, and 100k is a lot of points.

$300 Annual Travel Credit

Each year, you’ll get $300 in annual travel credit reimbursed.  This supposedly will happen automatically.

All you do is spend money on your Chase Sapphire Reserve card on things that are coded as travel (flights, train tickets, etc.) and you’ll get reimbursed.

Since this happens annually based on calendar year, the first year, you’ll actually get $600 worth of travel credit (2016 and 2017) and only pay $450 in annual fee, meaning you’re making $150!

3x Points on Travel and Dining

The Chase Sapphire Preferred has been my go to credit card for over 4 years now because I value Chase points as the best AND because it gives you 2x on travel and dining.

Now, the Chase Sapphire Reserve up the ante and gives you 3x on travel and dining.

This is awesome, especially for people who have a decent amount of spending on traveling and eating out.

Global Entry and Priority Pass

If all of that wasn’t enough, this card gives you $100 credit when you sign up for Global Entry (if you haven’t already) and gives you Priority Pass membership.

Priority Pass lounges are decent and there are a bunch around the world, so this is a nice secondary perk, for sure.

Bottom Line

As soon as it was released, the Chase Sapphire Reserve became the best travel credit card – instantly.

The 100k sign up bonus is incredible, Chase points are the most valuable points out there, the minimum spend is reasonable, the $300 annual travel credit helps offset the annual fee (and actually makes you money the first year).

Plus, you get 3x on travel and dining and a few other nice perks.

This is a MUST HAVE travel credit card – and I’d jump on this immediately, while the bonus is at 100k.

This will be my new everyday travel card – thanks Chase for knocking it out of the park!

To see all the best travel credit cards, click the travel credit cards in the black navigation bar at the top of this page.

 
 

30 comments

  1. Garett says:

    I downgraded my Sapphire to the no annual fee version to extend the history of my credit report.

    Am I able to apply for an upgrade to the Sapphire Reserve from the no-fee version?

    1. Kallita says:

      You can but you will not receive the 100k sign on bonus

  2. Eleanor says:

    So do we keep the Sapphire Preferred too?

  3. Todd says:

    Where’s the link to the Chase page?

  4. Kerry says:

    Hi, this seems like a great offer, I am an Aussie and want to know if we are eligible to apple for this card? Thanks

    1. Trav says:

      @Kerry – Unfortunately not. Sorry

  5. Joe says:

    Hey Travis, first off I love your website! I got a question for you regarding opening a good balance transfer credit card like the Chase Slate card along with opening the Chase Sapphire Reserve card. The reason I’d like to do this is because I have to fix my transmission which will cost around $3000 and would really like to charge it to the Sapphire Reserve Card to easily earn the 100k points. However I don’t have that kind of money to pay it off right away to avoid getting charged interest. Having a good credit score (700-750) do you think it would be a good idea to open the Sapphire Reserve Card, charge the transmission to it then shortly after open the Chase Slate card to transfer the debt and avoid paying interest for the first 15 months?

    1. Trav says:

      @Joe – I never suggest putting something on a credit card that you can’t pay off right away. This is one case that it could work, but I tend to always shy away from any type of transfer or carrying any balance. That being said, this sounds like a pretty ok plan if it’s what you need to do.

  6. Alexandra Koeneke Neary says:

    I’m trying to figure out if this card will count a Rocketmiles Hotel booking as a travel credit that gets refunded. I read that somebody confirmed that they did get credit for an Expedia booking. Do you know since it’s through a lesser known third party site?

  7. kevin says:

    With reserve points valued at 1.5x for travel, how does Ultimate rewards know which points are Reserve and which are not???

    1. Kallita says:

      You would need to access the Ultimate Rewards portal from clicking the link for it specifically under the Chase Sapphire Reserve portal. Do not access it while logged under a different Chase credit card. You will see the Chase Sapphire Reserve logo in the upper left-hand corner.

  8. Susan S. says:

    And while I understand that booking travel through the Chase portal with partners such as United will increase the value of any bonus points earned by 50% (100K points = $1500), I don’t follow the comment “if you transfer them, they can be worth $3000+.” Please explain. Thx.

  9. John says:

    Do Chase UR points transfer to SW 1:1?

    1. Trav says:

      @John – yep, sure do! Southwest is one of the best travel partners, for sure.

      1. Ashley says:

        Do you know if these points will also count toward the SW Companion Pass???

        1. Trav says:

          @Ashley- Chase points, when transferred directly to Southwest, will NOT count towards the Companion Pass. You can check out this post for more information on what will and won’t count towards the Companion Pass.

  10. Kelly says:

    Have you ever written something that explains how you can transfer your Chase points to Southwest and other airlines – and you say they are worth more then? We always try to book through the Chase portal, but we fly Southwest a lot. I’d love to learn how to use our points!

    1. Trav says:

      @Kelly – JELLY GO NUTS! Of course I have – here’s a post and video about it. The interface has changed slightly since I shot that video, but it’s really, really simple and if you follow those steps, you’ll figure it out.

  11. Faye says:

    Travis! Can you elaborate a little on how transferring UR points could be worth $3000+? I thought using the portal was the maximum benefit we could get!

    1. Trav says:

      @Faye – You can transfer Chase points to partners like Hyatt, United, Southwest, etc. 100,000 Chase points could be worth $3000 depending on how you transfer. 100k chase points could get you 4 roundtrip tickets in the US or Canada, for example, on United.

      It could also get you a roundtrip ticket to some obscure place in Europe or Africa (which might run $2k) plus then a roundtrip ticket in the US and a one-way to Hawaii. The possibilities are endless.

      1. Linda says:

        I never use the Chase portal, but we fly Southwest a lot. The points transfer to SW 1:1, so I might transfer 10K points (approx $100 value). We fly to SAT from MCI. If purchased, the ticket is around $182. Instead of paying that, I use 5,950 points (approx $59.50 value). If purchased for $182 on the Chase portal, I would use 18,200 points instead of 5,950 points!

        1. Trav says:

          @Linda- Nicely done! And that’s why I love Chase points, because you can use them either way.

  12. Patti says:

    I am a big fan of Chase Ultimate Rewards and really want this card but unfortunately have applied for too many cards in the last 2 years.

  13. Lani says:

    Hi Travis!

    I have a question in regard to the $300 travel credit per calendar year. My husband signed up for Chase Reserve in December. We thought we would receive $300 for the remainder of 2016 and then receive another $300 for the new year 2017. However, the Chase representative said we would only receive $300 within a one year time-frame. Because of this info, we did not rush to spend $ on travel arrangements before the new year. After reading your summary of Reserve benefits, I wonder if the info we received from the representative was inaccurate.

    1. Trav says:

      @Lani – I believe that it is every CALENDAR year, meaning that you were right and that the representative was wrong. I cannot say for 100% because this is a brand new card and we haven’t had enough data points to know, but all the other cards were a travel credit each CALENDAR year.

  14. gg says:

    Remind me, how do I work around the 5/24 rule for this card?

  15. I applied for this card and am so bummed, I was rejected because, according to Chase, I’ve opened too many credit cards in the last two years. Now I haven’t gone crazy but yes, I did open 3-4 to take advantage of sign-up bonus miles which funded a large portion of my European vacation this past fall. Is Chase extra picky about this stuff? How does one maximize this sign-up strategy if you get dinged each time you open a card? My credit is otherwise excellent, by the way, and also some of those cards I opened are already closed. I have several cards in rotation but I close the ones I don’t use and just opened for the initial bonus.

    1. Trav says:

      @Allyson E Machete – Chase now has a 5/24 rule. If you’ve opened more than 5 credit cards in the last 24 months, they will deny you, despite your great credit.

      This post explains the 5/24 rule well:

      http://www.doctorofcredit.com/chase-524-rule-explained-detail-need-know/

      However, many business cards DON’T count towards the 5/24, so that is one way you could open a few more cards. This post explains it:

      https://www.milevalue.com/most-business-cards-arent-considered-in-your-chase-524-count/

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