Chase Sapphire Reserve
The Chase Sapphire Reserve is Chase's premium travel card. The $795 fee is offset by a $300 travel credit, Sapphire Lounge access, Priority Pass, $500 in Edit hotel credits, and $300 in dining credits. The 1:1 Hyatt transfer is the key differentiator from the Preferred.
Pros & cons
- 1:1 Hyatt transfer ratio retained (Preferred dropped to 4:3 for new applicants)
- $300 automatic travel credit covers a huge range of travel spending
- Chase Sapphire Lounge access plus Priority Pass in 1,300+ lounges
- $500 in hotel credits at The Edit properties
- $300 dining credit at Sapphire Reserve Exclusive Tables
- 8x on Chase Travel is among the highest rates on any card
- $795 annual fee requires active credit use to justify
- Dining and hotel credits are channel-specific and expire if unused
- Authorized user fee of $195
- Guest lounge access policies vary by lounge type
Who this card is for
Frequent travelers who can reliably use the dining, travel, and hotel credits
Hyatt loyalists for whom the 1:1 transfer ratio is non-negotiable
Urban professionals near Sapphire Reserve Exclusive Tables restaurants
Cardholders who want Chase Sapphire Lounge access as their primary lounge benefit
Occasional travelers who cannot reliably use the OpenTable dining credit or The Edit hotel credit
Those who already have lounge access through another premium card
Cardholders who prefer simpler cards with fewer credit restrictions
Earning rates
Benefits breakdown
The Reserve layers credits across travel, dining, and hotels. Track credits in the Chase app to avoid leaving value unused.
What to look out for
High Annual Fee
At $795, the Reserve demands that you use most credits to break even. Run the math against your actual travel patterns.
Credit Silos
Dining credit requires Exclusive Tables restaurants
hotel credit requires The Edit properties. Neither is usable everywhere.
$195 Authorized User Fee
Adding authorized users costs $195 each.
