John Miller, Credit Cards Moderator
@john_miller
Yes, Chase Sapphire Reserve is designed for a more wealthy clientele, because it offers an array of perks that benefit big spenders. The card also requires excellent credit for approval and it is considered to be one of the most exclusive credit cards on the market.
You don't have to be rich in order to get the Chase Sapphire Reserve card. You can still apply for the card, provided that you meet the credit score requirements. However, you will still need enough disposable income to afford the card’s $795 annual fee and the minimum payment for the assigned credit limit (min $10,000). Even if you do get approved, you won't make the most out of the card unless you travel frequently.
A less expensive alternative to the Chase Sapphire Reserve card is the Chase Sapphire Preferred® Card. Because it requires at least good credit for approval and charges a $95 annual fee, the card is accessible to a wider variety of applicants, and not just to affluent ones. People who are interested in a travel card can also check our editors’ picks for the best travel credit cards on the market, to compare more options and pick one that is more suitable for them.
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People also ask
Is Chase Sapphire Reserve prestigious?
The Chase Sapphire Reserve® card is a prestigious credit card because it offers premium rewards and benefits, along with other generous perks. Chase Sapphire Reserve requires excellent credit and has a high annual fee of $795, but these features are common among high-end credit cards.
Why the Chase Sapphire Reserve® Card is Prestigious
- The card gives rewards of 1 - 8 points per $1 spent on purchases.
- New cardholders can earn an initial bonus of 125,000 points for spending $6,000 in the first 3 months.
- Chase Sapphire Reserve is a...
Who should get the Chase Sapphire Reserve?
People who should get the Chase Sapphire Reserve® card are big spenders who love to travel and who can afford the card’s $795 annual fee. They will also need excellent credit to qualify, which means a score of 750+. Below, you can find more details about who should get the Chase Sapphire Reserve card.
You Should Get Chase Sapphire Reserve If You:
- Love to travel, as the card offers many travel perks including access to Priority Pass airport...
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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