
Chase Sapphire Reserve® Credit Card
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- Priority Pass™ membership (estimated $557 value when considering guest access)
- $300 annual travel credit
- Estimated 1.74% purchase yield
- Priority Pass™ has lost some of its luster (users have reported challenges in accessing lounges at peak times)
- $450 annual fee (plus $75 for each authorized user)
Last Updated on December 31, 2019
We have incredibly mixed feelings about the Chase Sapphire Reserve® Credit Card.
Objectively, this card offers an incredible value. We estimate, assuming an annual card purchases of $15,000, a return of $1,518 in year 1 and $693 every year thereafter.
However, a bulk of this value is in the form of a Priority Pass™ Select membership (a global, virtual airport lounge network – advertising access to over 1,300 partner lounges across 600 cities in 148 countries around the world). Unfortunately, Priority Pass™ has lost some of its luster over the past few years as many users have reported being denied access to affiliated lounges at airports worldwide, especially during peak hours. Without the membership considered, the value that this card offers is just about average, even when you consider the $300 in annual travel credits, the TSA Pre credit and estimated purchase yield of 1.74%. That’s because of the $450 annual fee (plus $75 per authorized user).
If you are considering this card, we encourage you to learn more about Priority Pass™ including its many benefits and some of the challenges encountered by fellow travelers. If you are an existing fan of Priority Pass™ or travel to cities not often impacted by access denials, then the value of this card is undeniable.
CARD DETAILS
Issuer & Payment Network
Issuer
Payment Network
Network Benefit Level
Estimated Purchase Yield
Estimated Purchase Yield
1.74%
Notes
Assumes points are redemed for travel (50% redemption bonus) and assumes average spending distribution (tripe rate applied to travel and dining out)
Bonus Offers
Bonus Offer Value
$750.00
Bonus Offer
50,000 bonus points (requires $4,000 in new purchases within first 3 months) plus a $100 statement credit for TSA Pre fee every 4 years
Ongoing Bonuses
$300 in annual travel credit (applied as a statement credit) upon each anniversary year and a $100 statement credit for TSA Pre fee every 4 years
Estimated Annual Card Value
Yr 1 @ $5k in Purchases
$1,344.00
Yr 1 @ $15k in Purchases
$1,518.00
Yr 1 @ $30k in Purchases
$1,779.00
Yr 2+ @ $5k in Purchases
$519.00
Yr 2+ @ $15k in Purchases
$693.00
Yr 2+ @ $30k in Purchases
$954.00
Valuation Notes
Bonus value (including ongoing bonuses for years 2+) plus value of rewards for stated annual purchasing level. Less any annual fee. Plus value of Priority Pass™ Select Membership calculatd at the current
Airport Lounge Access
Lounge Access?
Yes
Lounge Network
Priority Pass™
Guests
2 free guests each visit (Authorized Users get their own membership and thusly may bring two guests as well). Additional guests @ $27 each.
Access Restrictions
Food and drink limitations apply at some lounges (refer https://d2llguf9uoxb71.cloudfront.net/pp/pdf/Lounge_Directory.pdf for information by lounge)
Reward Points
Do Points Expire?
No (as long as the account remains open)
Redemption Options
Travel (booked via rewards site), Merchandise, Gift Cards and Statement Credits
Can Points Be Transferred?
Yes - Aer Lingus, AerClub, British Airways Executive Club, Emirates Skywards®, Flying Blue Air France KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards®, United MineagePlus®, Virgin Atlantic Flying Club, IHG® Rewards Club, Marriott Bonvoy™, World of Hyatt®
Fees & APRs
Annual Fee
$450 + $75 for each additional authorized user
Foreign Transaction Fees
None
Late Payment Fee
$39
APR - Intro (Purchases)
No Current Standard Intro Offers
APR - Intro (Balance Transfers)
No Current Standard Intro Offers
APR - Cash Advance
26.49% + $10 or 5% (whichever is greater)
APR - Regular (Purchases)
18.49% to 25.49%
APR - Regular (Balance Transfers)
18.49% to 25.49% + $5 or 5% (whichever is greater)
Grace Period
21 Days
Protections & Services
Zero Liability Protection
Purchase Protection
Extended Warranty Protection
Trip Cancellation / Interruption
Auto Rental Collision Damage Waiver
Other Items
Recommended Credit Level
Very Good+ (FICO Score: 740-850)
Link to Issuer Website
https://creditcards.chase.com/rewards-credit-cards/chase-sapphire-reserve
Date Information Confirmed
December 29, 2019