Rewards Credit Card Review: Chase Sapphire Reserve Card

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Chase Sapphire Reserve Card

The Chase Sapphire Reserve Card is popular with individuals who qualify for the high sign on bonus.  It's also a good card for frequent flyers and people looking for a chip and pin credit card to use in Europe.  It's popular with people who like a lot of brand exclusive bonuses and elite status with hotels.  A big disadvantage to this card is the whopping $450 annual fee.  If you will be using this card a lot, it does have some great advantages.  Chase Sapphire Reserve provides users 3x the points on travel and dining at restaurants, and 1x the points everywhere else. To qualify for this card, you must spend at least $4,000 on purchases within the first 3 months of account opening.  The bonus is worth up to $750, when redeemed for travel.

Pros


  • Has Chip and Pin (for use in Europe)
  • Cardholders get 3 times the points on travel and dining at restaurants, and 1 times the points elsewhere.

Cons


  • Huge $450 annual fee
  • Cardholder must spend at least $4,000 on purchases within the first 3 months of account opening

What Other People Are Saying

Chase Sapphire Reserve Card

"I got a Chase Sapphire Reserve credit card and have booked some flights through the Ultimate Rewards program. Unfortunately, they changed our flights, and are unwilling to work with me on getting the flights re-worked without now charging a $200 fee per person ($800 total). Makes the card not worth it to me in the end. Very disappointed in Chase’s customer service."

To have decent...approval odds, you need to at least have excellent credit. That means a score of 750+. Chase doesn’t publicly disclose their exact approval criteria, but they’ll definitely look at your income level and current debt load as well as your credit history...Getting a feel for your approval odds before applying for a credit card is important because each application causes a temporary dip in your credit score. So you’ll only want to apply if you’ve got a reasonable shot at success. To that end, there are a few more points to keep in mind as you estimate your Chase Sapphire Reserve approval odds."

Cost and Process to Join

Chase Sapphire Reserve Card

There is no cost to join and you can apply online.  However, cardholders will incur a whopping $450 annual fee.  To apply for the Chase Sapphire Reserve Card, click here.

Customer Service

Chase Sapphire Reserve Card

There was an overwhelming amount of complaints about customer service with this card. Somehow I expected with the $450 annual fee, that customer service would be better than most of the cards, especially those with no annual fee, but I was very wrong.  It was hard to find much good to say about the customer service behind the Chase Sapphire Reserve Card.

My Conclusion 

While the Chase Sapphire Reserve Card has some perks, the $450 annual fee is a big fee to pay.  Still this card is popular with individuals who qualify for the high sign on bonus.  It's also a good card for frequent flyers and people looking for a chip and pin credit card to use in Europe. Chase Sapphire Reserve provides users 3x the points on travel and dining at restaurants, and 1x the points everywhere else. To qualify for this card, you must spend at least $4,000 on purchases within the first 3 months of account opening.  The bonus is worth up to $750, when redeemed for travel. I hope that my review of the Chase Sapphire Reserve Card has helped you decide if it is the right rewards credit card for you!

For for reviews and information, check out our list of the Top Ten Rewards Credit Cards.

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