Chase Sapphire Reserve Visa Review

Chase Sapphire Reserve Visa is a rewards credit card issued by Chase Bank. If you're wondering whether Chase Sapphire Reserve Visa is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a a rewards rate of 3 points per dollar spent.
• Signup bonus. Offers a signup bonus of 50000 points after spending $4,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 18.49% up to 25.49%.
• 5% Balance transfer fee. Chase Sapphire Reserve Visa charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 in transfer fees. The minimum fee is $5.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Airport Lounge Access. Benefits like airport lounge access can add luxury to your travel experience.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, airline credit, access to a concierge, emergency support, extended warranty protection on purchases, Global Entry / TSA Precheck Fee Credit, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

Chase Sapphire Reserve Visa Pros and Cons:

The Good

The Bad

Multiple credit card perks. Airline Credit. Offers auto rental collision damage waiver. Access to a concierge. Extended warranty on purchases. Free access to your credit score. Global Entry / TSA Precheck Fee Credit. Travel accident and travel assistance insurance. Trip cancellation insurance. No foreign transaction fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. Chase Sapphire Reserve Visa reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

Higher than average purchase APRs. Requires good to excellent credit. Charges an annual fee of $550 Charges a 5% balance transfer fee.

Is there a Chase Sapphire Reserve Visa cash back or rewards program?

Chase Sapphire Reserve Visa offers a rewards program to its customers.

Chase Sapphire Reserve Visa Rewards

Rewards rate (all purchases)	1%
Max rewards rate	3%
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	50000
Signup Bonus Spend Requirement	$4000
Signup Bonus Spend Period (months)	3 months
Annual Loyalty Bonus	$300

What are the Chase Sapphire Reserve Visa benefits?

Chase Sapphire Reserve Visa provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Zero fraud liability
• Travel Accident Insurance
• No blackout dates when redeeming miles
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for Chase Sapphire Reserve Visa?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Chase Sapphire Reserve Visa has higher than average purchase APRs.

Chase Sapphire Reserve Visa has a variable purchase APR that ranges from 18.49% up to 25.49%. The card has a variable balance transfer APR that ranges from 18.49% up to 25.49%. It also has a variable cash advance APR of 26.49% .

What are the Chase Sapphire Reserve Visa fees?

The following fees apply to Chase Sapphire Reserve Visa:

Chase Sapphire Reserve Visa Fees

Fees	Amount
Annual Fee	$550
Foreign Transaction Fee	0%
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

Does Chase Sapphire Reserve Visa report your account activity to credit bureaus?

Chase Sapphire Reserve Visa reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Chase Sapphire Reserve Visa

• Visit the Chase Sapphire Reserve Visa website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.