Chase cut the Sapphire Reserve's signup bonus from 150,000 points to 100,000 in June, and it now takes $6,000 in three months to earn, yet the card still ranks third on our Best Travel Credit Cards list on the strength of its credits and lounge access. Against the $795 annual fee you get $300 in annual travel credit, $500 a year through The Edit by Chase Travel, $300 in OpenTable dining credits, $300 in StubHub credits, and both Priority Pass Select and Chase Sapphire Lounge access. Earning is strong where it counts for travelers: 8x through Chase Travel, 4x on hotels and flights booked directly, and 3x on dining, though everything else earns just 1x. The catch is that the fee only works if you actively chase a long list of narrow credits, several capped semi-annually and tied to specific partners, and the headline 10x and 5x rates apply only at Peloton and Lyft respectively and expire in 2027. Add up the credits you would genuinely use before assuming the $795 pays for itself.
Earn rates & credits
| Category | Rate |
|---|---|
Sporting Goods Stores Eligible Peloton equipment and accessory purchases over $150, on up to $5,000 in purchases, through December 31, 2027 (limited-time promo) Through Dec 31, 2027 | 10x |
Travel (via Portal) | 8x |
Transit On Lyft rides through September 30, 2027 (limited-time promo) Through Sep 30, 2027 | 5x |
Hotels Hotels booked directly | 4x |
Airlines Flights booked directly with airlines | 4x |
Dining | 3x |
Everything Else | 1x |
| Benefit | Value |
|---|---|
Annual Travel Credit Automatic statement credit for travel purchases | $300 /yr |
The Edit Credit Up to $250 biannually for prepaid bookings made through The Edit by Chase Travel | $250 / 6 mo |
Global Entry / TSA PreCheck Credit Up to $120 statement credit for Global Entry, TSA PreCheck, or NEXUS application fees | $120 every 4 yr |
Dining Credit Up to $150 in statement credits from January–June and July–December for dining at Sapphire Exclusive Tables restaurants on OpenTable, maximum $300 annually. | $300 /yr |
Apple TV & Apple Music Complimentary Apple TV (streaming home of Apple Originals) and Apple Music through June 22, 2027. | $288 every 3 yr |
DashPass Membership Complimentary DashPass membership for 12 months ($0 delivery fees and reduced service fees on eligible DoorDash orders) when activated by December 31, 2027. | $120 /yr |
DoorDash Promos Up to $25 per month ($5 restaurant promo + two $10 grocery/retail promos) to spend on DoorDash through December 31, 2027. | $300 /yr |
StubHub Credits Up to $150 in statement credits from January–June and July–December for StubHub and viagogo purchases, maximum $300 annually through December 31, 2027. | $300 /yr |
Lyft Credits Up to $10 in monthly in-app credits for Lyft rides through September 30, 2027. | $120 /yr |
Peloton Credits Up to $10 in statement credits per month on eligible Peloton memberships, maximum $120 annually through December 31, 2027. | $120 /yr |
| Total annual credits | $2,186 |
Card details
Regular APR | 19.49%–27.99% variable |
Foreign transaction fee | None |