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The Sapphire Reserve is the newest credit card in Chase's luxury portfolio, offering triple points on restaurant and travel spends, which includes everything from airfare and hotels to train fare, taxis and purchases made through travel sharing sites. The card also comes with a whopping 100,000 point sign-up bonus.
People who opt to get this card also get access to travel credits and redemption options. Along with the triple points on eating out and travel related purchases, cardholders also earn one point per dollar on all other purchases. They also get a $300 travel credit to cover travel-related purchases and a $100 credit to cover the cost of signing up for Global Entry or TSA Precheck. There is no foreign transaction fee with this card, but there is a $450 annual fee.
"Our customers love Chase Sapphire, so we're taking it to the next level," said Pam Codispoti, President, Chase Branded Cards. "We're giving our customers more rewards, benefits and the opportunity to unlock one-of-a-kind travel and dining experiences to enrich their lives."
They also announced it will be part of the Visa Infinite platform, which is a premium platform offering more services, benefits and features.
Getting that bonus
Once people receive their card and start using it they earn 100,000 bonus points when they reach a $4,000 spend during the first 90 days of having the card.
When you do the math for the point conversion the bonus is worth up to $1,500, which can be used for travel-related purchases made through Chase Ultimate Rewards travel portal.
Points are actually worth 50% more when they are used to book airline tickets, hotel rooms, car rentals, and cruise lines through Chase Ultimate Rewards, which is why the bonus of 100,000 points equals $1,500 worth of travel.
There is a 1:1 points transfer when making the transfer to top hotel and airline loyalty programs.
Cardholders also get Priority Pass Select membership which means they can chill out and get in some R&R at over 900 airport lounges located in more 400 cities around the world. They also get a wide range of Elite travel benefits. For more information, visit the website.