Chase
Chase Sapphire Reserve
Chase Sapphire Reserve costs $795 annual fee and earns up to 4× on travel booked direct. It also carries $670 of statement credits a year, which is where a lot of its real value sits. Everything below comes from the card catalog we check against issuer terms, with the arithmetic spelled out.
Enter a typical month of spending to see what the Chase Sapphire Reserve returns after its fee next to three cards it is usually compared with, then take those numbers to the full credit card rewards calculator to weigh up everything else in your wallet. No signup, and it runs in your browser.
- Annual fee
- $795 annual fee
- Best earn rate
- 4× travel booked direct
- Points value
- 2.05¢ a point
- Used when you transfer to a travel partner. Cash back is worth 1¢.
- Welcome bonus
- 100,000 points
- About $2,050 if you redeem at 2.05¢ a point, and only if you clear the spending requirement.
- Credits a year
- $670
- What the calculator counts, after discounts for perks most people do not use in full.
- Foreign transaction fee
- none
What the Chase Sapphire Reserve earns
Hotels and rental cars through the issuer's travel site
8×
Only through the issuer's portal
Flights through the issuer's travel site
8×
Only through the issuer's portal
Lyft
5×
Flights and hotels booked direct
4×
Dining
3×
| Category | Rate | Conditions |
|---|---|---|
| Hotels and rental cars through the issuer's travel site | 8× | Only through the issuer's portal |
| Flights through the issuer's travel site | 8× | Only through the issuer's portal |
| Lyft | 5× | |
| Flights and hotels booked direct | 4× | |
| Dining | 3× |
Rates checked with the issuer in October 2026. Spending outside these categories earns 1×. Confirm current terms with the issuer before you apply.
Is the Chase Sapphire Reserve right for you?
Enter a typical month. You will see what the Chase Sapphire Reserve returns after its annual fee, next to three cards it is usually compared with, and the full credit card rewards calculator weighs up everything else you spend.
Estimated rewards per year, after the annual fee
Chase Sapphire Preferred Top for your numbers
3× dining, 3× gas; 1× everything else. $95 annual fee.
Rewards $836 · Fee −$95
+$741
3× dining, 3× drugstores; 1× everything else. No annual fee.
Rewards $740 · No annual fee
+$740
4× travel booked direct, 3× dining; 1× everything else. $795 annual fee.
Rewards $822 · Fee −$795
+$27
5× travel booked direct; 1× everything else. $895 annual fee.
Rewards $646 · Fee −$895
−$249
How we estimate
- Every rate on this page comes from the card catalog. Chase Sapphire Reserve pays 1× on spending outside the bonus categories listed above, and up to 4× on travel booked direct.
- We value this card's points at 2.05¢ each. Cash back is valued at 1¢.
- Net is a year of rewards minus the annual fee. Credits count only when you tick the box.
- Welcome bonuses are left out of the tool so the numbers read as an ordinary year.
- Rent is not in the boxes: most landlords charge a fee that cancels out the rewards, and only a few cards earn on rent at all. Add rent in the full calculator, where those rules are modelled.
- Travel-portal bookings are not in the boxes, because portal prices differ from booking direct. The portal rates are in the table above.
- Rates checked with issuers in October 2026. Terms change, so confirm with the issuer before you apply. Educational estimate, not financial advice.
One category doesn’t pick a wallet. Add the rest of your monthly spending to see which cards win across everything, fees included.
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Welcome bonus
100,000 points
About $2,050 if you redeem at 2.05¢ a point, and only if you clear the spending requirement.
Points and partners
Chase Ultimate Rewards
Transferable to airline and hotel partners.
Airlines
Aer Lingus, Air Canada (Aeroplan), Air France-KLM, British Airways, Emirates, Iberia, JetBlue, Singapore Airlines, Southwest, United, Virgin Atlantic
Hotels
World of Hyatt, IHG, Marriott
Credits and perks
| Credit | Sticker value | Counted |
|---|---|---|
| StubHub and viagogo credit Through 12/31/2027, split across the two halves of the year. Activation required. | $300 | $300 |
| DoorDash DashPass and promos Counted at $150 of the monthly promos through 12/31/2027, not the full brochure value. | $150 | $150 |
| Peloton membership credit Through 12/31/2027. Activation required. | $120 | $120 |
| Priority Pass lounge membership Counted at $100 because most people do not use the full $469. Priority Pass costs up to $469 a year on its own, but most people visit a few lounges a year and many already hold another card with it, so it counts as $100 and only once per wallet. | $469 | $100 |
Sticker value is the full face amount. Counted is what the calculator credits, which is lower where most people do not use the perk in full.
Where this data came from
Checked Chase.com 2026-10-02. 8x Chase Travel including The Edit; 4x flights booked direct; 4x hotels booked direct; 3x dining including takeout and eligible delivery; 1x other. $795 annual fee ($195 per authorized user). $300 anniversary travel credit and the up-to-$500 Edit credit do not earn points on the credited amount. Exclusive Tables dining credit up to $300. Lyft is $10/month and 5x through 9/30/2027. Peloton equipment is 10x through 12/31/2027. Points Boost can be worth up to 2x on select Chase Travel flights and hotels. Public signup offer: 100,000 points after $6,000 in 3 months; offers vary. $75,000-spend benefits are not in the credit totals.
FAQ
The Chase Sapphire Reserve charges $795 a year. Earning back $795 means about $1,077 a month on travel booked direct, where it earns 6.1499999999999995¢ more per dollar than the base rate. Credits and the welcome bonus can cover the rest.
4× on travel booked direct, and 1× on spending outside its bonus categories.
It depends on your mix, not the card. Earning back $795 means about $1,077 a month on travel booked direct, where it earns 6.1499999999999995¢ more per dollar than the base rate. Credits and the welcome bonus can cover the rest. It also carries $670 of credits we can count, but only count them if you would spend that money anyway. Run your own numbers in the calculator above to see where it lands against the rest of the catalog.
The listed welcome offer is 100,000 points, and offers at these cards change often, so confirm the current terms and the spending requirement with the issuer before you apply. At 2.05¢ a point that is about $2,050, before you count the annual fee and whether you would clear the spending requirement for it.
Yes. It earns Chase Ultimate Rewards, which you can transfer to the partners below. Airlines: Aer Lingus, Air Canada (Aeroplan), Air France-KLM, British Airways, Emirates, Iberia, JetBlue, Singapore Airlines, Southwest, United, Virgin Atlantic. Hotels: World of Hyatt, IHG, Marriott. Transfers are what make a 2.05¢ valuation reachable; using the points for cash back is worth far less.
No. The Chase Sapphire Reserve charges no foreign transaction fee, so spending abroad earns at the same rate as at home, minus what the merchant adds.