Chase Sapphire Reserve®

Pros

✅ High rewards rate on travel and dining

✅ Luxury perks, including access to Chase hotel and airline transfer partners

✅ Premium travel protections, including trip cancellation/interruption insurance

✅ 50% more value when redeeming points through Chase Travel

✅ Generous introductory bonus

✅ Flexible $300 annual travel credit

✅ No foreign transaction fees

✅ Broad definitions for travel and dining bonus categories

✅ Primary rental car insurance coverage

✅ Robust travel benefits and access to developing Chase Sapphire Lounges

Cons

❌ High annual fee of $550, plus $75 per authorized user

❌ Bonus rewards rate for travel only starts after the $300 annual travel credit is utilized

❌ No introductory APR for purchases or balance transfers

❌ Requires excellent credit for approval

❌ Fewer luxury perks compared to competing premium cards (e.g., hotel elite status or more comprehensive lounge access)

❌ APR range from 21.49% to 28.49%, which is high for those carrying a balance