The Chase Sapphire Reserve® card is so popular because it is an elite travel credit card with great rewards and benefits. For example, Chase Sapphire Reserve offers a bonus of See Terms for spending $4,000 within 3 months of opening an account, plus up to $300 in statement credits for travel purchases each year. These and other perks help offset the card’s high annual fee ($550).
Why Chase Sapphire Reserve Is So Popular
You get $300 in statement credits as reimbursement for eligible travel purchases charged to your card each year.
You get a complimentary Priority Pass Select membership, which gives access to 1,300+ airport lounges around the world.
You earn 1 - 10 points per $1 spent on purchases, including 10 points / $1 spent on hotels and car rentals booked through Chase.
There’s an initial bonus offer of See Terms, worth up to $1,200 in travel through Chase, for spending $4,000 within 3 months of opening an account.
To see more reasons why Chase Sapphire Reserve is so popular and learn more about the card overall, check out WalletHub’s full Sapphire Reserve review.
Yes, Chase Sapphire Reserve is hard to get because it requires excellent credit for approval. Unless your credit score is 750 or higher and you have a lot of income, it will be difficult for you to get approved for the Chase Sapphire Reserve card.
As with any other credit card for excellent credit, these requirements are not set in stone. It’s possible to get approved with a slightly lower credit score, for example, as long as other factors in your application make up for it. But meeting or surpassing each of these requirements will certainly make the Chase Sapphire Reserve card easier to get.
50,000 Chase Sapphire Reserve® points are worth $750 when redeemed for Travel through Chase Ultimate Rewards. Chase Sapphire Reserve also offers several other methods for cardholders to redeem points, albeit for lesser value.
Chase Sapphire Reserve points Value by Redemption Method
Chase Sapphire Reserve points also have the potential for good value if you transfer them to a participating airline or hotel partner through Chase Ultimate Rewards Reserved. Points transfers are done at a 1:1 ratio, but only in 1,000-point increments. How valuable those points will be depends on how much the travel partner’s points or miles are worth.
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