To get the most out of Chase Sapphire Reserve, start by spending at least $4,000 in the first 3 months after opening the account to earn the card’s initial bonus of 60,000 points. This alone will cover the cost of the $550 annual fee for the first year. Sapphire Reserve cardholders who get maximum value from the card also make full use of its $300 annual travel credit, Priority Pass airport lounge membership, and other benefits.
Additionally, it’s best to redeem your reward points for travel rather than cash back and gift cards. Points are worth 50% more toward travel through Ultimate Rewards than they are toward other redemption options. These and several other perks listed below will enable you to get the most out of your Chase Sapphire Reserve card. Just make sure not to spend beyond your means in an attempt to get as much as possible out of the card. Carrying a balance from month to month is one of the easiest ways to limit the Sapphire Reserve card’s value, as it has a pretty high interest rate.
How to Get the Most Out of Chase Sapphire Reserve:
Spend $4,000 in the first 3 months to qualify for the 60,000 points sign-up bonus.
Redeem points for travel directly through Chase for 50% more value.
Max out the annual $300 travel credit.
Get the Global Entry/TSA PreCheck/NEXUS application fee credit every four years.
Maximize travel perks such as Priority Pass airport lounge membership and the Luxury Hotel Collection benefit.
Transfer points to Chase partner airline and hotel loyalty programs.
Pay your bill on time and in full every month to avoid interest charges.
Here are Chase Sapphire Reserve’s credit score & other approval requirements:
Excellent credit score. You might find yourself getting approved with a lower score or denied with a higher one. But a credit score of 750 or higher definitely helps to maximize your chances.
You must be over 18 years old with a U.S. mailing address and a Social Security number.
Income. You don’t absolutely need a job, but you must have some kind of income and/or assets to prove to Chase that you have the means to pay for the charges you make.
As little debt as possible. Chase will weigh your income against your debts to determine how much you can afford to borrow.
No bankruptcy. You probably won’t be in this situation if you have an excellent credit score. But you won’t get approved while in active bankruptcy and will have a tough time as long as any record of bankruptcy is on your credit report.
So as you can see, a lot more than just your score goes into approval. But having an excellent credit score is still a very important requirement. If you’re not sure where you stand right now, you can check your latest credit score for free on WalletHub, the only site with free daily updates to your scores and reports. And if you find out that your credit isn't quite up to par, working to improve it can drastically increase your approval chances. For advice on what to do, check out your custom credit analysis.
No, you cannot get the Chase Sapphire Reserve 100k bonus anymore, as it was a limited-time promotion that ran from August 2016 through March 2017. Cardholders who were approved during that period and spent $4,000 within 3 months of account opening got 100,000 bonus points. That Chase Sapphire Reserve 100k bonus was worth $1,500 in travel – an incredible deal.… read full answer
But after March 2017, you get a bonus of 60,000 bonus points for spending $4,000 in the first 3 months. That’s still one of the biggest credit card bonuses on the market, though. It’s also enough to help offset Chase Sapphire Reserve’s $550 annual fee.
More info about Chase Sapphire Reserve’s 100k bonus:
So, at the end of the day, the Chase Sapphire Reserve’s 100k bonus is no longer available because it was never supposed to be permanent. It was the equivalent of 35% cash back, and that’s just not sustainable. Chase offered it to build some buzz for the new Chase Sapphire Reserve Card when it was introduced. Since that seems to have worked, they retired that promotion. It’s possible Chase could do another 100,000 point bonus in the future. But don’t count on it.
More info about what you get with Chase Sapphire Reserve:
Fortunately, Chase Sapphire Reserve’s sign-up bonus isn’t the only benefit you’ll enjoy. You’ll also receive a $300 travel credit each year. Plus, you’ll earn 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. Those points are normally worth 1 cent each, but when redeemed for travel, they’re worth 1.5 cents apiece.
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