Chase
Sapphire Reserve
What it is
The Sapphire Reserve is a Chase card earning Ultimate Rewards points. Its ongoing value can outweigh the annual fee, making it a potential keeper past year one. The flagship Ultimate Rewards card — a premium-travel keeper stacked with credits, Sapphire Lounge access, and points that transfer to airlines and hotels. Worth holding only if you actually use the credits.
Offer history
Value is the welcome bonus at your valuations. The Year 1 total also counts recurring benefits and subtracts the annual fee. Spend / mo (the dashed line, right axis) is the monthly pace to clear the minimum spend in time — shown on every view so the spend stays in context.
| Offer | Bonus | Value | Year 1 | Return | Date |
|---|---|---|---|---|---|
REFERRAL ATH | 150,000$6k · 90d | $2,250 | $3,034 | 38% | Jun ’26 |
IN-BRANCH | 125,000$6k · 90d | $1,875 | $2,659 | 31% | Jun ’26 |
PUBLIC | 100,000$6k · 90d | $1,500 | $2,284 | 25% | Jun ’26 |
What you get
- The Edit hotel credit$500per year
Up to $500 a year on stays of two or more nights at The Edit hotel collection, booked through Chase Travel ($250 per booking, twice a year).
- Priority Pass + lounges$469per year
Priority Pass Select membership — over 1,300 airport lounges — plus access to Chase Sapphire Lounge by The Club locations.
- Travel credit$300per year
Up to $300 in travel credit each cardmember year, applied automatically to a broad range of travel purchases.
- DoorDash credits$300per year
Up to $300 a year in monthly DoorDash promo credits, across restaurant and non-restaurant (grocery/retail) orders.
- Dining credit$300per year
Up to $300 a year ($150 per half) at Sapphire Reserve Exclusive Tables restaurants, reserved through OpenTable.
- StubHub credit$300per year
Up to $300 a year ($150 per half) on event tickets through StubHub and Viagogo.
Dollar figures are the benefit’s face value. What it’s worth to you — after realistic usage and your own point values — is in the receipt below.
The receipt
default values| SUB value | +$1,500 |
| 100,000 UR × 1.50¢/pt | |
| Ongoing benefits (yr 1) | +$1,549 |
Travel credit($300 × 100%) Travel credit $300 × 100% $300 Priority Pass + lounges($469 × 55%) Priority Pass + lounges $469 × 55% $258 The Edit hotel credit($250/semi × 40%) The Edit hotel credit $250/semi × 40% $200 | |
| One-time benefits (yr 1) | +$30 |
Global Entry credit($120 × 25%) Global Entry credit $120 × 25% $30 | |
| Annual fee | −$795 |
| Year 1 | $2,284 |
| Return on $6k MSR | 25% |
Your score sharpens once you sign in — we add eligibility, spend-fit, and 5/24.
Related cards
Sapphire Reserve scores 69 here on default point values. See where it ranks against every card, scored for your points, spend, and eligibility.
Open the ranked table →