Chase Sapphire Reserve® Review for 2023
This article is part of a larger series onBest Small Business Credit Cards.
Chase Sapphire Reserve® is a personal credit card ideal for business owners who travel frequently and need complimentary access to more than 1,300 airport lounges in 500 cities worldwide. It offers premium rewards on flights, hotel bookings, and car rentals. However, it comes with a high annual fee of $550 and an additional charge of $75 for each authorized user.
If you wish to compare one card over another, choose a maximum of three cards on this page and clickAdd to compareto view the details in a side-by-side comparison.
Chase Sapphire Reserve®
BEST FOR:
Those wanting to receive exceptional travel rewards and benefits
- 60,000 bonus points (worth $900 in travel) after spending $4,000 on purchases in the first three months after opening an account
- 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® after the first $300 are spent on travel purchases annually
- 10x total points on Chase dining purchases with Ultimate Rewards® after making prepaid restaurant reservations, order takeout or joining virtual cooking events
- 5x total points on flights when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 3x points on other dining, including eligible delivery services, takeout and dining out
- 3x points on other travel worldwide after the first $300 is spent on travel purchases annually
Pros
- With $300 annual travel credit
- Lucrative rewards at 50% more when redeemed through the Chase Ultimate Rewards®
- With complimentary airport lounge access
Cons
- With high annual fee
- No interest-free financing option
- Needs excellent credit
- Airport lounge access:Enjoy access to more than 1,300 priority pass lounges worldwide for free prior to airline travel
- Annual travel credit:你将获得300美元的年度旅游信用can be applied liberally toward your travel purchases.
- Auto rental collision damage waiver:Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
- Trip delay insurance:If your travel is delayed more than 12 hours or you require an overnight stay as a result of a delay, you’re covered for unreimbursed expenses, such as meals and lodging, up to $500.
- Trip cancellation and interruption insurance:Covers up to $10,000 per trip for prepaid, nonrefundable travel expenses if your trip is cut short or interrupted by sickness or bad weather.
- 60,000 bonus points (worth $900 in travel) after spending $4,000 on purchases in the first three months after opening an account
- 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® after the first $300 are spent on travel purchases annually
- 10x total points on Chase dining purchases with Ultimate Rewards® after making prepaid restaurant reservations, order takeout or joining virtual cooking events
- 5x total points on flights when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 3x points on other dining, including eligible delivery services, takeout and dining out
- 3x points on other travel worldwide after the first $300 is spent on travel purchases annually
Pros
- With $300 annual travel credit
- Lucrative rewards at 50% more when redeemed through the Chase Ultimate Rewards®
- With complimentary airport lounge access
Cons
- With high annual fee
- No interest-free financing option
- Needs excellent credit
- Airport lounge access:Enjoy access to more than 1,300 priority pass lounges worldwide for free prior to airline travel
- Annual travel credit:你将获得300美元的年度旅游信用can be applied liberally toward your travel purchases.
- Auto rental collision damage waiver:Coverage is primary—meaning it replaces any coverage your personal insurance might offer—when renting for business purposes. It provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most cars in the U.S. and abroad.
- Trip delay insurance:If your travel is delayed more than 12 hours or you require an overnight stay as a result of a delay, you’re covered for unreimbursed expenses, such as meals and lodging, up to $500.
- Trip cancellation and interruption insurance:Covers up to $10,000 per trip for prepaid, nonrefundable travel expenses if your trip is cut short or interrupted by sickness or bad weather.
When grading travel rewards credit cards like the Chase Sapphire Reserve® credit card, we first consider the introductory rewards, ongoing rewards, and additional card features. We also take into account the annual fee, ongoing annual percentage rate (APR), and introductory APR.
Grading Criteria |
Card Score |
Highest Possible Score |
---|---|---|
Ongoing Rewards |
25 |
25 |
Introductory Rewards |
20 |
25 |
Additional Features |
20 |
25 |
Annual Fee |
5 |
15 |
Introductory APR |
0 |
5 |
Ongoing APR |
2 |
5 |
Total Score |
72 |
100 |
Who the Chase Sapphire Reserve® Is Best For
- Those who travel frequently:It provides premium rewards for flights, hotel stays, dining, and car rentals booked through Chase Ultimate Rewards®.
- Those who need access to airport lounges:It offers Priority PassTMSelect, which, after registering, gives you complimentary access to more than 1,300 airport lounges in 500 cities worldwide.
Seeour recommended alternativesbelow if this card isn’t the best fit for your business.
Chase Sapphire Reserve® Fees
APR
-
- Introductory: None
- Ongoing, My Chase LoanSM, and balance transfers: 22.24% to 29.24% variable—adjusts with the prime rate
- Cash advance: 29.99% variable—adjusts with the prime rate
- Penalty: Up to 29.99% variable—adjusts with the prime rate. This APR will be potentially applied indefinitely to your account if you do one of the following:
- Fail to make a minimum payment by the date and time that it’s due
- Make a payment that’s returned unpaid.
Fees
- Minimum interest charge: None
- Annual: $550, plus $75 for each authorized user
- My Chase PlanSM: 1.72% per month of the amount of each eligible purchase transaction or amount selected to create a My Chase Plan. Note that the fee will be determined at the time each My Chase Plan is created and will remain the same until it’s paid in full.
- Balance transfer: Either $5 or 5% of the amount of each transfer, whichever is greater
- Cash advance: Either $10 or 5% of the amount of each transaction, whichever is greater
- Foreign transaction: None
- Late and returned payment: Up to $40
- Return check: None
Your due date is at least 21 days after the close of each billing cycle.
Chase Sapphire Reserve® Rewards
Welcome Offer
- 60,000 bonus points (worth $900 in travel) after spending $4,000 on purchases in the first three months after opening an account
Travel Rewards
- $300 annual travel statement credit as reimbursement for travel purchases charged to your card each account anniversary year
- 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 5x total points on flights when you purchase travel through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually
- 3x points on other travel worldwide after the first $300 is spent on travel purchases annually
Food & Dining Rewards
- 10x total points on Chase dining purchases with Ultimate Rewards® after making prepaid restaurant reservations, ordering takeout, or joining virtual cooking events
- 3x points on other dining purchases, including eligible delivery services, takeout, and dining out
Partner Rewards
- Receive complimentary DashPass, which includes membership for DoorDash and Caviar—unlocking $0 delivery rates and lower service fees on eligible orders for a minimum of one year when activating your card on or before Dec. 31, 2024. With DashPass, you also get $5 in DoorDash credits each month, which can be redeemed at checkout.
- Get one year of complimentary Instacart+ and the chance to earn up to $15 in statement credits each month until July 2024.
- Receive a $10 monthly statement credit from Gopuff, which delivers drinks, snacks, and other household essentials straight to your doorstep. The promotion runs until Dec. 31, 2023.
- 10x points on Lyft rides until March 31, 2025—worth 7x points in addition to the 3x points already earned on travel. Plus, you can receive a two-year complimentary Lyft Pink All Access membership with a 10% discount on all lux rides until Dec. 31, 2024.
You can redeem your points as a statement credit, gift card, or for travel. Your points are worth 50% more when you redeem them for travel through Chase Ultimate Rewards®. For example, 50,000 points for travel are worth $750 when redeemed through Chase Ultimate Rewards®.
How To Make Payments on the Chase Sapphire Reserve® Credit Card
- Online or Chase Mobile® App:Go to chase.com/paycardto sign in and make a payment online. You can also enroll in automatic payments through the website or mobile app. When you enroll, specify the deposit account from which your payment will be deducted and how much you’d like to pay, such as the full statement balance, minimum payment due, or any fixed amount.
- Phone:Call the automated phone service at (800) 436-7958.
- Mail or money order:Include your name and full account number on your check or money order—and don’t send cash. Mail your payment to the following address:
Cardmember Services
PO Box 6294
Carol Stream, IL 60197-6294.
- Western Union:Use the Code City WALNUT when you pay via Western Union. Note that it may take up to seven days for the payment to be reflected in your account.
- Nearest Chase ATM or branch:Find thenearest Chase ATM or branchto pay your bill.
Chase Sapphire Reserve® Features
Travel Protection & Insurance
- Trip cancellation and interruption insurance:You’ll be covered by cancelation and interruption insurance and can be reimbursed up to $10,000 per person and $20,000 per trip if your trip is canceled or cut short due to sickness, severe weather conditions, and other covered situations. Note that only prepaid, nonrefundable travel expenses are eligible for reimbursement, including passenger fares, tours, and hotel stays.
- Auto rental collision damage waiver:你可以减少租赁公司的碰撞insurance after using it to rent a car in the United States or abroad. Coverage is primary and provides reimbursement of up to $75,000 for theft and collision damage for rentals.
- Trip delay reimbursement:You and your family member on the same reservation are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket if your common carrier travel is delayed more than six hours or requires an overnight stay.
- Lost luggage reimbursement:Receive coverage of up to $3,000 per passenger for checked or carry-on luggage belonging to you or an immediate family member that’s damaged or lost by the carrier.
- Emergency evacuation and transportation:You can be covered for medical services and transportation for up to $100,000 if you or an immediate family member are injured or become sick during a trip and require an emergency evacuation.
Purchase & Return Protection
- Purchase protection:Purchase protection covers purchases made using your Chase credit card against damage or theft within 120 days from the date of purchase. You’re allowed a maximum of $10,000 coverage per claim and $50,000 per year.
- Return protection:Return protection offers coverage in case you need to return an item that you purchased using your Chase credit card, but the store won’t take it back. You can be reimbursed for eligible items within 90 days of purchase, up to $500 per item and $1,000 per year.
- Extended warranty protection:确保的时期y US manufacturer’s warranty is extended by an additional year for those with warranties of three years or less.
购买的动机
- My Chase Plan:This will help pay off eligible purchases of $100 or more over time in equal payments without incurring interest. Note that a fixed monthly fee will be included when you decide to put your purchases under My Chase Plan.
Travel Incentive
- Global Entry or TSA PreCheck® or NEXUS fee credit:Receive one statement credit of up to $100 every four years as reimbursement for application fees charged to your card.
- Priority PassTMSelect membership:Get access to airport lounges, restaurants, cafes, and markets that are participating in the Priority Pass™ Select network. Primary card members and authorized users are granted complimentary access to the Priority Pass lounges and are allowed a maximum of two accompanying guests each. Your card will be charged $27 per additional guest per visit.
- Car rental privileges:Receive special car rental privileges from National Car Rental, Avis, and Silvercar when booking using this card.
- Points transfer:Receive 1:1 points transfer to Chase’s leading airline and hotel loyalty programs such as Emirates Skywards®, Iberia Plus, JetBlue TrueBlue, and Singapore Airlines KrisFlyer, among others.
- Reserved by Sapphire:Secure VIP access to sports, festivals, dining, and entertainment at exclusive lounges and more through Reserved by Sapphire.
- Priority PassTMSelect:Become well-rested before boarding, as you’ll get access to more than 1,300 VIP lounges in more than 500 cities globally after registering with Priority PassTMSelect. Log in to Chase Ultimate Rewards and register with your card to get this feature.
Chase Sapphire Reserve® Alternatives
Capital One® Spark® Miles Select for Business
Capital One® Spark® Miles Select for Business
BEST FOR:
Travel rewards and annual spending less than $19,000
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- Purchase assurance:Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12-month period.
- Extended warranty coverage:Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance:Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
- Introductory reward worth $200 in travel after you spend $3,000 within the first three months
- 1.5x miles per $1 spent
- 5x miles on hotel and rental car bookings through the issuer
- Issue employee cards for free
Pros
- No foreign transaction fees
- Interest-free financing on purchases
Cons
- No 0% APR balance transfer offer
- Limited list of airline partners
- Purchase assurance:Most purchases made entirely with your card are covered if damaged or stolen within 90 days from the date of purchase. Coverage is limited to $10,000 per claim and $50,000 per cardholder account per 12-month period.
- Extended warranty coverage:Doubles the original warranty time period and duplicates the coverage of the original manufacturer’s warranty up to a maximum of 12 months on most items you purchase.
- Travel medical emergency assistance:Provide referrals to medical services if you have a medical emergency while traveling. You’re covered if you’re 100 or more miles away from home and from the day you leave until midnight of the 60th day of your trip, or the day you return to your city of residence, whichever is sooner.
- Is a viable alternative for those wanting to earn unlimited mileage rewards without paying an annual fee
- Lets you earn unlimited 1.5x miles on all purchases regardless of spending categories
- Does not charge annual, balance transfer, or foreign transaction fees
- Has a 0% introductory APR on purchases for the first 9 billing cycles
- Is in our list of:
Chase Ink Business Preferred®
墨水业务首选®信用Card
BEST FOR:
Maximizing travel rewards at a lower annual fee
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Pros
- Reward points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® card
- Comprehensive travel and purchase protection
- No foreign transaction fees
Cons
- No interest-free financing option on both purchases and balance transfers
- With annual fee
- Need to make extremely large purchases to qualify for the sign-up bonus
- Cellphone protection:Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill
- Purchase protection:Can cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account
- Extended warranty protection:You can extend the period of the United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Fraud monitoring:Chase will help keep your accounts safe with account alerts―and you can choose how you’d like to receive them
- Free employee cards:You can create employee cards at no additional cost, and lets you set individual spending limits―helping you earn rewards even faster
- Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase Ultimate Rewards®
- Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year. Earn 1 point per $1 on all other purchases
- Round-the-clock monitoring for unusual credit card purchases
- With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.
- Redeem points for cash back, gift cards, travel and more - your points don't expire as long as your account is open
- Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards®
- Purchase Protection covers your new purchases for 120 days against damage or theft up to $10,000 per claim and $50,000 per account.
- Member FDIC
Pros
- Reward points are worth 25% more when you redeem for travel through the Chase Ultimate Rewards® card
- Comprehensive travel and purchase protection
- No foreign transaction fees
Cons
- No interest-free financing option on both purchases and balance transfers
- With annual fee
- Need to make extremely large purchases to qualify for the sign-up bonus
- Cellphone protection:Get up to $1,000 per claim in cellphone protection against covered theft or damage for you and your employees listed on your monthly cellphone bill
- Purchase protection:Can cover your new purchases for 120 days against damage or theft of up to $10,000 per claim and $50,000 per account
- Extended warranty protection:You can extend the period of the United States manufacturer’s warranty by an additional year, on eligible warranties of three years or less.
- Fraud monitoring:Chase will help keep your accounts safe with account alerts―and you can choose how you’d like to receive them
- Free employee cards:You can create employee cards at no additional cost, and lets you set individual spending limits―helping you earn rewards even faster
- Is a great Chase card alternative for those who want a lower annual fee, which is at $95
- Lets you earn 3 points per dollar spent on the first $150,000 spent in combined purchases in four categories for each account anniversary year: travel, shipping purchases, internet/cable/phone services, and advertising purchases with social media sites and search engines; also offers 1 point per dollar spent on all other purchases
- Lets you transfer earned Chase Ultimate Rewards points to participating airline travel partners at full 1:1 value—meaning one Chase Ultimate Rewards point equals one partner mile/point.
- Is in our lists of:
Bank of America® Business Advantage Travel Rewards World Mastercard®
Bank of America® Business Advantage Customized Cash Rewards Mastercard® credit card
BEST FOR:
Those who want to earn 3% cash back in a spending category of your choice
9 billing cycles
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.24% to 28.24% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- Doesn’t charge annual fees
- With sign-up bonus
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score:Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection:Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring:Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
9 billing cycles
- Get a $300 online statement credit after you make at least $3,000 in purchases in the first 90 days of your account opening.
- Earn 3% cash back in the category of your choice: gas stations (default), office supply stores, travel, TV/telecom & wireless, computer services or business consulting services, 2% cash back on dining purchases and 1% cash back on all other purchases.
- You'll earn 3% and 2% cash back on the first $50,000 in combined choice category/dining purchases each calendar year, 1% thereafter.
- You can earn up to 75% more cash back on every purchase, if you have a business checking account with Bank of America and qualify for our highest Preferred Rewards for Business tier. That means you could earn up to 5.25% cash back in your selected choice category and up to 3.5% cash back on dining purchases on the first $50,000 in those combined purchases each calendar year, and up to an unlimited 1.75% cash back on all other purchases.
- No annual fee
- Choose how to redeem your cash rewards-as a deposit into your Bank of America® checking or savings account, as a card statement credit or as a check mailed to you. Cash rewards don’t expire.
- To change your choice category for future purchases, you must go to the Mobile Banking app or Business Advantage 360, our small business online banking. You can change it once each calendar month, or make no change and it stays the same.
- 0% Introductory APR on purchases for your first 9 billing cycles. After the intro APR offer ends, a Variable APR that's currently 18.24% to 28.24% will apply.
- Contactless Cards - The security of a chip card, with the convenience of a tap.
- This offer may not be available if you leave this page or visit our website. You can take advantage of this offer when you apply now.
Pros
- Offers flexible redemption options
- Doesn’t charge annual fees
- With sign-up bonus
Cons
- Premium cash back rewards are capped on a selected spending category
- Charges foreign transaction fees
- Short introductory APR period
- Access to a business credit score:Bank of America lets you view and monitor your Dun & Bradstreet business credit score for free through Business Advantage 360.
- Zero liability protection:Stay protected against unauthorized transactions. Bank of America offers additional protections that cover certain purchases against loss, damage, theft, or fire and provides extended warranty coverage.
- Fraud monitoring:Bank of America will block potential fraud if it detects abnormal patterns in your transactions. It’ll also notify you if it suspects any fraudulent activity.
- Is a viable option if you want a card that lets you earn unlimited, fixed-rate cash back rewards on all purchases (unlimited 1.5x points for every dollar spent) and will let you earn 3x points for every dollar spent when you book a rental car, hotel stay, or airfare through the Bank of America® Travel Center
- Offers a 0% introductory APR on purchases for the first nine billing cycles
- Has no annual or foreign transaction fees
- Is in our roundup of:
Bottom Line
Chase Sapphire Reserve® is a great personal credit card if you travel frequently and want access to airport lounges. It has a generous welcome offer and lucrative rewards for using the card for your travels and business purchases. While it charges a high annual fee of $550, it does have any foreign transaction fees. Note, however, that you must have excellent credit to qualify for the card.