Should you pay the annual fee for the Chase Sapphire Reserve?

The Chase Sapphire Reserve credit card has long been a favorite among travel enthusiasts, thanks to its generous benefits and perks. However, with an annual fee of $550, many cardholders are left wondering whether the cost is worth it beyond the first year.

One of the standout features of the Sapphire Reserve is the welcome bonus, which currently offers new applicants the chance to earn 75,000 bonus Ultimate Rewards points after spending $4,000 on the card within three months of account opening. These points are valued at $1,538, making it a lucrative offer for those who can meet the spending requirement.

In addition to the welcome bonus, cardholders also enjoy a Priority Pass Select membership, which grants access to over 1,400 airport lounges worldwide. This membership also includes access to Priority Pass-affiliated restaurants at select airports, where cardholders can enjoy free food and drinks up to a certain amount.

Furthermore, the Sapphire Reserve offers up to $300 in annual travel credit, which can help offset a significant portion of the annual fee. Cardholders also benefit from $20 a month in free food and waived delivery fees, as well as top-notch travel and purchase protections.

Overall, the Chase Sapphire Reserve provides a range of valuable benefits for frequent travelers and diners. While the annual fee may seem steep, the card’s perks and rewards can easily outweigh the cost for those who take full advantage of them.