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.
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.