Chase Sapphire Reserve 2021 Review: Is It Still Worth It?


Top perks

60,000-point sign-up bonus

The Chase Sapphire Reserve® has a 60,000 points sign-up bonus when you spend $4,000 in the first three months after opening your account. Keep in mind that the annual fee doesn’t count toward that spending minimum.

Earn up to 10 points per $1

  • 10 points per $1 when using your card to book hotel and car rentals through the Chase Ultimate Rewards portal. Earning is available after earning your $300 annual travel credit.
  • 10 points per $1 on dining purchases made through Chase.
  • 5 points per $1 on air travel booked through Chase. Earning is available after the first $300 is spent on travel purchases annually.
  • 3 points per $1 spent on other travel and dining. There isn’t any cap on this, which is nice if you’re a heavy spender.
  • 1 point per $1 on other spending.

50% bonus points

Points redeemed for Ultimate Rewards travel are worth 50% more, which equates to an effective rate of 4.5% back for travel and dining.

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$300 annual travel credit

Chase reimburses you for up to $300 in travel purchases every account anniversary year. Credits are applied to your statement automatically, so there’s no work required on your part.

Priority Pass airport lounge access

You’ll receive a complimentary Priority Pass Select membership (a one-time account activation is required), allowing you and up to two guests access to the program’s airport lounges free of charge. Priority Pass has lounges in many major airports within the United States, and coverage is even better worldwide.

Global Entry/TSA PreCheck credit

Chase reimburses you either $100 for your Global Entry fee or $85 for your TSA PreCheck fee every four years, so you can register as a trusted traveler and get through airport security more quickly. It’s better to sign up for Global Entry because that also includes TSA PreCheck, meaning you get the benefits of both. TSA PreCheck doesn’t include Global Entry.

Cash back redemption rate

Chase Sapphire Reserve® cash back is effectively worth 3% for travel and dining, and 1% on other base purchases. While cash back isn’t the best use of points for most travel cards, Chase Sapphire Reserve®’s cash back rate is better than what you’d get with a competing travel card where points redeemed for cash back are worth less than $0.01 apiece.

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Chase Ultimate Rewards program

This Chase travel card is part of Chase Ultimate Rewards, which offers excellent redemption options. One popular way to use your points is by sending them to the loyalty programs of Chase’s airline and hotel partners, and then making award bookings.

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