Compare it to the Chase Sapphire Reserve®
If the perks and higher points offered by luxury cards appeal to you, but you want more ways to redeem the points you earn, consider the Chase Sapphire Reserve®, which has a $550 annual fee.
New cardmembers earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Because you receive 50% more value on the points you earn when you redeem them for travel, that adds up to $750 that can be used for airfare, hotels, car rentals and cruises on the Chase Ultimate Rewards® website.
Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases You’re earning lower points for hotel stays, but the same number of points for restaurants and a broader definition of travel that includes airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, parking lots and garages.
Points can be redeemed for travel, gift cards, experiences, Apple products, at Amazon.com, as a direct deposit into a checking or savings account or as a statement credit. The feature that makes this card so valuable is that you get 50% more value every time you redeem the points you earn for travel through the Chase Ultimate Rewards portal. There are no blackout dates or travel restrictions if you book through the Chase Ultimate Rewards website. Your points can also be transferred at a 1:1 value toward 11 major airline and three hotel loyalty programs:
- Aer Lingus AerClub
- Air Canada Aeroplan
- British Airways Executive Club
- Emirates Skywards
- Flying Blue Air France KLM
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
- IHG Rewards Club
- Marriott Bonvoy
- World of Hyatt
Note that you won’t earn 3X points per dollar spent for travel until you spend the card’s $300 annual travel credit. Use it to cover airline tickets/fees, rideshares like Uber or Lyft, public transportation, tolls, car rentals, lodging and cruises. The card also comes with a free Priority Pass™ Select airport lounge membership and a credit of up to $100 every four years to cover the enrollment fee for Global Entry or TSA Precheck.
The Chase Sapphire Reserve® comes with robust travel and purchase perks, including trip delay and cancellation insurance; travel accident insurance; lost luggage reimbursement; trip delay reimbursement; emergency evacuation and transportation; rental car insurance and discounts; access to customer service specialists; purchase protection; return protection; and extended warranty protection.