Chase Sapphire Reserve
The Chase Sapphire Reserve from Chase has a $795 annual fee. At $2,650 a month of typical household spending it pays about $6 a year after fees, before statement credits, $630 less than the Citi Double Cash, a flat 2% card.
Terms checked October 25, 2026. Net values use the spending mix of 1,229 U.S. households in the Bureau of Labor Statistics' Consumer Expenditure Interview Survey. This is an estimate, not financial advice.
What does the Chase Sapphire Reserve earn?
4x flights and hotels booked directly with the airline or hotel; 3x dining; 5x Lyft rides (through 9/30/2027); 1x on everything else.
Not counted in the numbers on this page:
- 8x on Chase Travel portal purchases (incl. The Edit)
- 10x on eligible Peloton equipment over $150 (up to $5,000, through 12/31/2027)
- Purchases paid with the $300 travel credit or $500 Edit credit earn no points
How much would it pay you a year?
This is the card's rewards minus its annual fee, at three spending levels, with spending split the way the survey households split theirs. Statement credits and sign-up bonuses are left out.
| Spending a month | Chase Sapphire Reserve | Citi Double Cash (2%) |
|---|---|---|
| $1,500 | −$211 | $360 |
| $2,650 (the survey median) | $6 | $636 |
| $5,000 | $451 | $1,200 |
The mix is 30% everything else, 25% groceries, 16% phone and utilities, 13% dining, and smaller shares elsewhere. Your own split decides the real answer: add your statements to work it out on what you actually spent.
How did it do for real households?
We ran each of the 1,229 households in the 2024 survey through every card, on 12 straight months of their own spending. It was never the best of the 53 cards for any household, and never paid more than the Citi Double Cash, a flat 2% card. For the median household it paid $815 a year less than the flat 2% card.
The survey records spending categories but not merchants, so merchant bonuses and statement credits never count there, which favors flat cards. How we ran the household test.
What credits does it come with?
Up to $1,850 a year in credits, worth that much only if you would spend at these merchants anyway. PointMaxx counts a credit only when your statements show you'd have used it.
| Credit | Up to |
|---|---|
| Travel credit | $300 a year |
| The Edit hotel credit | $500 a year |
| Dining credit (OpenTable Exclusive Tables) | $150 every six months ($300 a year) |
| StubHub / viagogo credit | $150 every six months ($300 a year) |
| Lyft credit | $10 a month ($120 a year) |
| Peloton membership credit | $10 a month ($120 a year) |
| DoorDash restaurant promo | $15 a month ($180 a year) |
| Global Entry / TSA PreCheck / NEXUS credit | $120 every 4 years ($30 a year) |
Fees and sign-up bonus
- Annual fee: $795.
- Foreign transaction fee: none.
- Sign-up bonus: 100,000 points ($1,250 at 1.25¢ a point) after $6,000 of spending in 3 months. Offers change and can differ by applicant, so check the issuer's page.
Other benefits
- Chase Sapphire Lounges and Priority Pass Select: cardholder plus up to 2 guests
- Air Canada Maple Leaf Lounges: cardholder plus 1 guest when departing on a Star Alliance flight
- DashPass membership: complimentary
- Apple TV and Apple Music: at least 12 months complimentary
- IHG One Rewards Platinum Elite: complimentary through 12/31/2027
- The Edit property benefits: $100 property credit, daily breakfast for two, Wi-Fi, upgrade when available
- Reserve Travel Designers: custom itinerary service with no agency fees
- $75k spend milestone: Hyatt Explorist, IHG Diamond, Southwest A-List
Cards that pay about the same
At $2,650 a month, these pay closest to the Chase Sapphire Reserve:
- Citi Strata Elite: $79 a year
- Chase United Quest: $109 a year
- Amex Hilton Honors Aspire: −$102 a year
- Amex Delta SkyMiles Platinum: $176 a year
See what it would have paid you
Add your statementsFree, in your browser. Your statements are never uploaded.
PointMaxx runs a year of your own card statements against 53 U.S. cards, after annual fees, caps and the credits you'd really use. No statements on hand? The quick estimate asks seven questions instead.
Sources
- creditcards.chase.com/rewards-credit-cards/sapphire/reserve
- thepointsguy.com/news/chase-sapphire-reserve-current-offer/
- thepointsguy.com/guide/chase-sapphire-reserve-worth-annual-fee/
- nerdwallet.com/blog/credit-cards/chase-sapphire-reserve-review/
- Household spending: BLS Consumer Expenditure Surveys public-use microdata, 2024 Interview Survey.
See a wrong rate? Tell us. PointMaxx is not affiliated with or endorsed by Chase; the card's name is used only to say which card is meant.