How to Apply for your Chase Sapphire Reserve Credit Card

Chase Sapphire Reserve: Travel rewards with 5x points on flights, 10x points on hotels, $300 annual travel credit, and airport lounge access.

Por: Vinicius Bronze em April 19, 2024

Benefits of the Card

The Chase Sapphire Reserve credit card is renowned for its array of benefits tailored to enhance the travel and dining experiences of its cardholders. This premium card offers a rich selection of rewards and perks designed to provide value and convenience for frequent travelers and food enthusiasts alike. Below are some of the top benefits that define the Chase Sapphire Reserve card, each accompanied by a detailed explanation.

$300 Annual Travel Credit

The Chase Sapphire Reserve provides a $300 annual travel credit, automatically applied to travel purchases charged to the card each account anniversary year. This flexible credit covers a wide range of travel-related expenses, including airfare, hotels, tolls, and more, effectively reducing the card’s annual fee for those who travel frequently. This benefit ensures that cardholders can enjoy significant savings on their travel expenses, making it easier to justify the card’s premium status.

Complimentary Airport Lounge Access

Cardholders receive complimentary access to over 1,300 airport lounges worldwide through Priority Pass Select. This benefit includes access for the cardholder and up to two guests, depending on the lounge’s policy. The access to airport lounges provides a tranquil space to relax before a flight, offering amenities such as Wi-Fi, snacks, beverages, and sometimes even showers and sleeping areas. This perk significantly enhances the travel experience, providing comfort and convenience during transit.

Global Entry, TSA PreCheck Fee Credit or NEXUS

Every four years, the card offers a statement credit of up to $100 as reimbursement for the application fee charged to your card for Global Entry, TSA PreCheck or NEXUS. These programs expedite the security screening process at airports, saving travelers time and hassle. This benefit not only covers the cost of application but also encourages cardholders to take advantage of these time-saving travel programs.

Enhanced Rewards on Travel and Dining

The Chase Sapphire Reserve excels in its rewards program, offering 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel, after the first $300 is spent on travel purchases annually. Additionally, it provides 3x points on dining at restaurants worldwide and 10x points on Chase Dining purchases with Ultimate Rewards. These enhanced rewards rates allow cardholders to accumulate points rapidly, which can be redeemed for travel, experiences, merchandise, and more, maximizing the value received from every dollar spent.

50% More Value on Travel Redemptions

When redeeming points for travel through Chase Ultimate Rewards, cardholders receive 50% more value. For example, 60,000 points are worth $900 toward travel when booked through Chase. This increased redemption value makes the Chase Sapphire Reserve particularly appealing for those looking to use their points towards travel expenses, stretching the value of earned points further.

No Foreign Transaction Fees

The Chase Sapphire Reserve does not charge any foreign transaction fees, making it an ideal choice for international travel. This benefit allows cardholders to make purchases abroad without incurring the typical 3% fee charged by many other cards. By eliminating these fees, this card ensures that travelers can enjoy their global adventures without worrying about extra charges on foreign purchases.

Prerequisites to obtain the Chase Sapphire Reserve Credit Card

The Chase Sapphire Reserve credit card, while offering a plethora of benefits, comes with specific prerequisites for potential applicants. Below are the general prerequisites for applying for the Chase Sapphire Reserve:

Credit Score: Applicants should have a good to excellent credit score. This typically means a FICO score of 720 or higher is recommended.
Age: Applicants must be at least 18 years old in most states, with some states requiring applicants to be at least 19 or 21.
U.S. Residency: Applicants must be a legal resident of the United States. This includes U.S. citizens, permanent residents, and, in some cases, individuals who are in the U.S. on certain types of visa.
Chase’s 5/24 Rule: Chase is known for its unofficial 5/24 rule, which means that if an applicant has opened five or more personal credit cards with any issuer over the past 24 months, they are likely to be automatically declined.
Income and Employment: While specific income requirements are not publicly disclosed, applicants must have a steady source of income.

About Chase Bank Financial Institution

JPMorgan Chase & Co., a global financial conglomerate, is known for its extensive range of products and services. Established in 1799, it has over two centuries of experience in the financial sector. The bank operates in over 100 countries and employs over 250,000 people. It is known for its commitment to innovation, customer service, and financial stability, and has been at the forefront of technological advancements, including online banking and blockchain technology.

Who is this Card for?

The Chase Sapphire Reserve credit card is designed for frequent travelers and dining enthusiasts with good to excellent credit scores. It offers a rich rewards program with high points rates, premium benefits like airport lounge access, and annual travel credits. The card caters to those seeking luxury travel perks and robust rewards on spending.

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Step by Step to Apply for the Card

Applying for the Chase Sapphire Reserve credit card is a simple process that can be completed online. Here’s a step-by-step guide to help you through the application process:

Start by going to the official Chase Sapphire Reserve page.
Take a moment to review the card’s benefits, rewards, annual fee, and terms and conditions to ensure it aligns with your financial goals and spending habits.
If you decide that the Chase Sapphire Reserve is the right card for you, press the “Apply Now” button. This will take you to the application form.
Complete the application form with your personal information, financial details, and any other required information. This will typically include your name, address, income, employment information, and social security number.
Before submitting your application, review all the information you’ve entered for accuracy. Once you’re sure everything is correct, submit your application.
After submitting your application, you will typically receive a decision within a few minutes. However, in some cases, it may take longer if additional information or verification is needed.
If approved, you will receive your Chase Sapphire Reserve credit card in the mail within 7-10 business days.
If your application is pending or if you’re not approved, Chase may provide instructions on how to provide additional information or appeal the decision.

Pros and Cons of the Chase Sapphire Reserve Credit Card

The Chase Sapphire Reserve credit card offers a mix of high-value benefits and some drawbacks that potential cardholders should consider. Here’s a summary of the positives and negatives:

Pros

New cardmembers can earn a substantial 60.000 bonus reward points after meeting the initial spending requirement, which can be redeemed for travel and more.
Earn multiple points per dollar spent on travel (after earning the $300 travel credit) and dining, and one point per dollar on all other purchases.
Receive up to $300 in statement credits as reimbursement for travel purchases charged to your card each account anniversary year.
Enjoy access to over 1,300 airport lounges worldwide with Priority Pass Select.
Make purchases abroad without incurring additional fees.
Includes benefits such as a statement credit for Global Entry or TSA PreCheck fees, special car rental privileges, and more.

Cons

The card comes with a $550 annual fee, which may be expensive for some potential cardholders.
Requires a good to excellent credit score, which may limit accessibility for some consumers.
While the card offers exceptional travel benefits, cardholders who do not travel frequently may find it difficult to justify the annual fee.
Adding an authorized user incurs an additional cost of $75 for each person, which could add up for families or those who want to share the card’s benefits.

How to Activate the Card?

Upon receiving your Chase Sapphire Reserve credit card, activating it is a simple process that ensures the card is ready for use.

Online Activation: To activate your new Chase card, visit the Chase website, sign in, or create an account if you haven’t already had one. Enter the required card info found in the welcome package information.
Mobile App Activation: Download the Chase Mobile app, after logging in, look for the card activation option within the app. You’ll need to provide details from your card, so have it handy. Android: Google Play Store and iOS: Apple App Store
Phone Activation: You can also activate your card by calling the phone number provided with your card. This number is typically found on a sticker attached to the front of your new card or within the accompanying paperwork.

Fees and Tariffs

The Chase Sapphire Reserve credit card comes with a variety of costs that potential cardholders should be aware of before applying. Here’s a summary of the main fees and charges associated with this card:

Annual Membership Fee: $550 for the primary cardholder and $75 for each authorized user per year.
Purchase APR: Variable APR of 22.49% to 29.49%, based on creditworthiness and market rates.
Cash Advance APR: 29.99%, variable with the market based on the Prime Rate.
Penalty APR: Up to 29.99%, variable with the market based on the Prime Rate. This may apply indefinitely if you fail to make a minimum payment by the due date or if a payment is returned unpaid.
Balance Transfer Fee: Either $5 or 5% of the amount of each transfer, whichever is greater.
Cash Advance Fee: Either $10 or 5% of the amount of each transaction, whichever is greater.
Foreign Transaction Fee: None.
Late Payment Fee: Up to $40.
Return Payment Fee: Up to $40.

Customer Service

For those seeking assistance or more information about the Chase Sapphire Reserve Credit Card or other Chase banking services, here are the official channels through which you can reach Chase Bank:

Official Website: Visit the Chase Official Website for information on all products, services, and to manage your account.
Customer Service Phone Number: For credit card services, you can call 1-800-432-3117. For general inquiries, the customer service number is 1-800-935-9935.
Secure Messaging: If you’re a current Chase customer, you can log in to your account on the Chase website or through the Chase mobile app to send a secure message.
Chase Mobile App
Branch Locations: For in-person assistance, you can visit any Chase branch. Use the branch locator on the Chase website to find the nearest location.