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Updated: June 23, 2025
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Chase Sapphire Reserve® Credit Card is a premium personal credit card from Chase, which allows you to accrue highly valuable Chase's Ultimate Rewards® Points for all your eligible spendings.
This card has been revamped in June 2025 with many new benefits.
In this posting, I will describe major features of this personal credit card, and then will explain various ways you can redeem your hard earned Ultimate Rewards points.
1. Major Features
Sapphire Reserve® Credit Card has the following major features.
1) Welcome Bonus
After spending $5,000 on purchases in the first 3 months from account opening, you will earn 100,000 bonus points + $500 Chase Travel℠ promo credit.
If redeemed for statement credits, 100,000 Ultimate Rewards points are valued at $1,000. But as explained below, you can use 100,000 Ultimate Rewards at a much higher value.
2) $300 Annual Travel Credit
When you use your card for travel purchases (for example, for hotel reservations), you will automatically receive up to $300 Annual Travel Credit in the form of reimbursements.
Note: “Annual” here means a membership year, not a calendar year.
This premium credit card has $795 annual fee. But with the $300 Annual Travel Credit, your actual annual fee can be said to drop down to $495.
3) $500 credit for stays with The Edit℠
You will earn up to $250 in statement credits from January through June and again from July through December for prepaid bookings made with The Edit.
While there is a two-night minimum requirement, you will enjoy complimentary benefits like a $100 property credit, daily breakfast for two, room upgrades (if available) and more.
If you can use this benefit twice a year, this will essentially lower your annual fee down by $500.
3) Over $1,500 in annual lifestyle value
This card comes with many lucrative opportunities, such as $300 dining credit, $250 in Apple TV+ and Apple Music subscriptions, and $300 in SubHub credits (Terms apply).
Many of these benefits may be limited due to your locations, but if you can use them appropriately, these benefits would result in many wonderful savings and experience.
4) For High Spenders
Spend $75,000 each calendar year and you will unlock status and credits with leading travel and shopping brands. The benefits will be available for the remainder of the year in which they were earned and through the following calendar year. These benefits include: IHG One Rewards Diamond Elite Status; $250 Credit for The Shops at Chase; $500 Southwest Airlines Chase Travel credit; and Southwest Airlines A-list status. (Terms apply).
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2. How best use Chase Ultimate Rewards® points?
With Chase Sapphire Reserve® Card, you earn Ultimate Rewards® points, a highly versatile proprietary rewards program of Chase.
Ultimate Rewards® points have many uses.
To name a few,
1. First, you can use them as if they are cash-equivalents. For instance, you can get statement credit of $100 by redeeming 10,000 points. In this case, the point value is 1 point = 1 cent.
2. Potentially, the best redemption value can be achieved when you transfer Ultimate Rewards points to partner airlines and book premium class award tickets.
As of this writing (June 2024), you can transfer Ultimate Rewards points into airline miles for a total of 11 airlines: United, Air Canada, Air Lingus, British Airways, Iberia, Flying Blue (Air France), Emirates, JetBlue, Singapore, Southwest and Virgin Atlantic.
Among these airlines, Virgin Atlantic, United, Southwest, and British Airways are relatively easier to use.
For example, Virgin Atlantic has an incredible award opportunity with All Nippon Airways. Likewise, Air Canada's Aeroplan is a great option for those traveling with children under 2 years of age.
3. Those of you who find airline redemption to be difficult may want to convert Ultimate Rewards points into Hyatt points.
While Ultimate Rewards points can also be transferred to Marriott Bonvoy and IHG at 1:1 ratio, only Hyatt points make financial sense.
For example, a night at Park Hyatt in Manhattan, New York, requires close to $700-$1,000 per night. But if you convert Ultimate Rewards points into Hyatt points, you can do it only with 40,000 points. In this case, your Ultimate Rewards points are valued as high as 2.5 cent per point.
