Maria Adams, Credit Cards Moderator
@m_adams
You have to spend approximately $18,333 per year (an average of $1,527 per month) on travel and dining or $55,000 on non-travel/dining purchases to break even with the Chase Sapphire Reserve Card. This is without taking into account the card’s initial bonus or other big benefits. New cardholders would just need to spend $6,000 in the first 3 months on the card to recover the cost of the annual fee.
By meeting the spending requirement, you earn the card’s initial bonus of 125,000 points. The value of the bonus points (up to $1,250 when redeemed for cash, gift cards, and travel) will help offset the card’s $795 annual fee for the first year.
As you can see, the amount you need to spend becomes much less daunting when you realize all the free perks the card gives.
Benefits that Help You Break Even with Chase Sapphire Reserve
- Annual travel credit: $300 value
- Priority Pass Select airport lounge membership: $469 value
- TSA PreCheck or Global Entry application fee credit: $85 or $120 value every four years, respectively
- Special privileges with National Car Rental and Avis: value varies
If you take advantage of all the Chase Sapphire Reserve benefits, that’s well over the card's annual fee of $795, which lets you make money on the card, rather than simply breaking even. In fact, you wouldn’t even need to make any purchases other than those required to receive the benefits.
It is worth mentioning that this card is ideal for big spenders. The card offers 8 points per $1 spent on purchases made through Chase Travel℠ (including The Edit℠), 4 points per $1 on direct bookings with airlines and hotels, 3 points per $1 on dining, and 1 point per $1 on all other purchases.
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read full answer by Chip Lupo, Credit Card WriterIs Chase Sapphire Reserve worth it?
Yes, Chase Sapphire Reserve is worth getting if you spend at least $6,000 in the first 3 months and qualify for the card’s initial bonus of 125,000 points. Frequent travelers will also get a lot of value out of Chase Sapphire Reserve because it comes with a $300 annual travel credit and good ongoing rewards. The card’s initial bonus, ongoing rewards, and benefits will help you offset its hefty $795 annual fee.
Reasons Why Chase Sapphire Reserve Is Worth Getting
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How much income do you need for the Chase Sapphire Reserve Card?
Chase Sapphire Reserve's income requirements are not publicly disclosed. Your income should cover the $795 annual fee and monthly payments on a credit line of $10,000 or more, and the more income you have compared to your debt the better, but there is no specific guidance.
Chase Sapphire Reserve Income Rrequirement Facts
- Chase doesn’t disclose any particular number. You might get approved with a lower income but near perfect credit. Or you might get...
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