Do you get bonus points for Chase Sapphire Reserve gas purchases?

The Chase Sapphire Preferred gas rewards are decent; it gives you 1 point / $1 spent at gas stations.

If you're a frequent traveler and want great gas rewards, you can check out our editors’ latest picks for the best gas credit cards on the market and see which one better suits your needs.… read full answer

Just about all gas station credit cards can be gas credit cards with instant approval. When you can apply online, it’s almost always possible to receive instant approval (or denial). But issuers never guarantee an instant decision. You’re likely to receive one if you apply for one of the easiest gas cards to get. And in general, your chances for instant approval are high if you apply for a card where your credit score exceeds the minimum required.… read full answer

But issuers consider many factors on an application, such as income, number of recent credit inquiries, past bankruptcies and more. So it’s always possible an issuer will need more time to come to a decision. And the approval process may take longer if the issuer cannot immediately verify the personal information on the application.

Best Gas Credit Cards for Instant Approval:

• Discover it® Secured Credit Card
• Walmart® Store Card
• Blue Cash Preferred® Card from American Express
• BP Credit Card
• Shell Credit Card

Again, just about any gas credit card offers instant approval. But that doesn’t necessarily mean you’ll get it. Factors that will increase your likelihood of getting instant approval for any credit card include: a high credit score, a high income, and completely correct and up-to-date information on your credit card application.

Chase Sapphire Reserve is worth its $550 annual fee for frequent travelers who can spend at least $4,000 in the first 3 months and qualify for the card’s initial bonus of 50,000 points. 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.… read full answer

Key Things That Make Chase Sapphire Reserve Worth It

• You earn 1 - 10 points / $1 spent on purchases, including 10 points / $1 spent on select travel expenses.
• You’ll have an opportunity to earn an initial bonus of 50,000 bonus points for spending $4,000 in the first 3 months.
• Chase Ultimate Rewards Reserved points are worth 50% more than usual when you redeem them for travel through Chase Ultimate Rewards Reserved.
• There are several types of travel insurance, including a $1 million benefit for serious injury or death.
• You get a Priority Pass Select airport lounge membership that would usually cost $429 a year.
• You’ll receive a $300 travel credit each account anniversary year.

Tips for Getting the Most Out of Chase Sapphire Reserve

Chase Sapphire Reserve’s attractive features are only worth it if you travel frequently and have the excellent credit needed to get approved. You’ll also need to earn enough rewards – or utilize enough of the card’s other perks – to make it worth owning.

For example, if you make the most of the Priority Pass membership ($429 annual value), along with the $300 annual travel credit, you’d recoup the entire annual fee. That shouldn’t be hard for frequent travelers to do every year. And the more benefits you take advantage of, the less you need to spend to break even.

Finally, in order for Chase Sapphire Reserve to be worth it, it’s important to pay the bill in full each month. Otherwise, you’ll end up paying a 17.24% - 24.24% (V) interest rate on the unpaid balance, which will decrease the overall value of the card’s perks and rewards.

More moderate spenders looking for a travel rewards card without the huge annual fee should check out our editors’ picks for the best travel rewards credit cards to help narrow the search.