Maria Adams, Credit Cards Moderator
You have to spend $4,000 in the first 3 months on Chase Sapphire Reserve to break even; by doing so, you earn the card’s initial bonus of 60,000 points. That will more than offset the card’s $550 annual fee for the year.
To break even on Chase Sapphire Reserve without taking into account the card’s initial bonus or other big benefits, you would need to spend approximately $18,333 per year (an average of $1527 per month) on travel and dining or $55,000 on non-travel/dining purchases. But the amount you need to spend becomes much less daunting when you realize all of the free perks the card gives.
Here are some benefits to help you break even with Chase Sapphire Reserve:
- Annual travel credit: $300 value
- Priority Pass Select airport lounge membership: $429 value
- TSA Precheck or Global Entry application fee credit: $85 or $100 value every four years, respectively
- Special privileges with National Car Rental, Avis, and Silvercar: value varies
If you take advantage of all the Chase Sapphire Reserve benefits, that’s well over $700 in value per year (over $1,000 for the first year), 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.
However, this card is great for big spenders. It offers a total of 10 points per $1 spent on hotels and car rentals booked through Chase, a total of 10 points per $1 spent on prepaid restaurant reservations or takeout orders made through Chase, a total of 5 points per $1 spent on flights purchased through Chase, 3 points per $1 spent on all other travel and dining purchases, and 1 point per $1 on all other purchases.
Chase Sapphire Reserve®
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