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Chase Sapphire Reserve® Card

Chase Ultimate Rewards
Welcome bonus
100,000 points
≈ $2,000 at 2.0¢ per point
after $6,000 spend in 3 months
Annual fee$795 
Value per point~2.0¢median of 7 published valuations
First-year value*$2,559easy credits counted · $2,229 with none
Year 2+ value*$559each year after the first, after the fee · $229 with no credits
$795 fee vs $2,414 in stated credits a yearFace value. You’d use $330 by our default → yearly cost after year 1 $465 ↓
Worth ~2.0¢/pt, median of 7 published valuations

Range 1.4–2.07¢. Checked 2026-10-23. How we use these

See the offer on Chase’s site ↗ Run your own numbers

Data checked by Chris Manns · Last updated October 23, 2026

Source: Chase card page · checked October 23, 2026. *Value uses our sample profile ($31,100/yr spend, no favorite airline or hotel) and the community value of 2.0¢ per point (median of published valuations) — see method.

Credits & perks

Annual fee$795
vs
Stated credits a year$2,414face value, as Chase states it
  • + $120 one-time, first year only
  • Chase also states $850/yr of value for perks such as lounge access (listed below, not in this total)
Face value isn’t real value. A $25-a-month credit for something you’d never buy is worth $0 to you, and most credits are use-it-or-lose-it by month, quarter or half-year. Tick only what you’d spend on anyway.

Which would you actually use?

Our assumption: the boxes ticked to start are the “easy” credits: broad, flexible or automatic (general travel credits, airline-fee credits on any airline, Global Entry/TSA, anniversary free nights). Niche or single-merchant credits start unticked. Your choices are saved in this browser and also used by the calculator.

Your net cost$465Yearly cost after year 1: annual fee − credits you’ll use ($330)
Year 2+ value*$559each year after the first, after the annual fee, with your ticks
First-year value*$2,559bonus + earning + credits − fee

Counts each ticked credit at 100% of face value. Global Entry/TSA counts as a quarter a year. Free nights use our point values. *At our sample profile; how credits are counted.

Perks with no stated $ value

Lounges, status, bags and similar. We don’t put a number on these unless the issuer does.

  • status IHG One Rewards Platinum Elite status through 12/31/2027
  • travel Reserve Travel Designers
  • other After $75,000 spend in a calendar year: Hyatt Explorist, IHG Diamond, $250 Shops at Chase, $500 Southwest credit, Southwest A-List

Source: Chase card page and benefit terms · checked 2026-10-23.

Is the Chase Sapphire Reserve worth the $795 annual fee?

It depends on your use: how much you spend and which credits you’d genuinely use. Here is the site’s own math from Chase’s page (checked October 23, 2026) and the median of 7 published valuations (2.0¢). Year 2+ value is each year after the first, after the fee, at our sample profile ($31,100/yr spend).

Annual fee$795
Stated credits a year (face value)$2,414
Earning a year at our sample profile (incl. any annual bonus points)$1,024
Year 2+ value, no credits used$229
Year 2+ value, easy credits only (our default, $330)$559
Year 2+ value, every stated credit used ($2,414)$2,643

On this spending the earning alone covers the fee. This compares the card with having no card; a no-fee card would also earn something on the same spend. Tick the credits you’d use in Credits & perks or run your own numbers.

How it earns

  • 8x Travel booked on the card’s own travel site
  • 4x Flights (booked with the airline), Hotels (booked with the hotel)
  • 3x Dining & takeout
  • 1x everything else
  • Purchases covered by the $300 travel credit and The Edit credit do not earn points.

Offer details

  • 100,000 points after $6,000 in 3 months

Annual fee $795. Credits from the issuer page are in Credits & perks above.

Questions about the Chase Sapphire Reserve

What is the Chase Sapphire Reserve welcome bonus?

100,000 points after $6,000 in 3 months, about $2,000 at the median published point value, per Chase’s card page checked October 23, 2026.

What is the Chase Sapphire Reserve annual fee?

$795 a year, as listed on Chase’s page on October 23, 2026.

How much are its points worth?

About 2.0¢ each: the median of 7 published valuations (range 1.4–2.07¢), checked October 23, 2026.

What credits does the Chase Sapphire Reserve include?

$2,414 a year in stated credits at face value, across 10 credits. By our default (only easy, flexible credits) you’d use $330, so the yearly cost after year 1 is $465.

Is the Chase Sapphire Reserve worth the $795 annual fee?

It depends on your use. On Chase’s figures (checked October 23, 2026) the fee is $795 a year against $2,414 a year in stated credits at face value. At our sample profile ($31,100 a year of spending) its earning (including any annual bonus points) is worth about $1,024 a year at 2.0¢ per point, so Year 2+ value is $229 if you use none of the credits, $559 with only the easy credits we count by default, and $2,643 if you’d use every stated credit in full. On this spending its earning covers the fee even before credits. These figures compare the card with having no card; a no-fee card would also earn something on the same spend.

The math at our sample profile

Sample: Dining & takeout $4,800 · Groceries $7,200 · Gas & EV charging $2,400 · Flights (booked with the airline) $2,000 · Hotels (booked with the hotel) $1,500 · Other travel $1,200 · Everything else $12,000. Credits: our default “easy” ticks.

Welcome bonus: 100,000 points × 2.0¢$2,000
A year of earning: 51,200 points × 2.0¢$1,024
Annual travel credit$300
Global Entry / TSA PreCheck / NEXUS application fee credit ($120 ÷ 4 yrs)$30
Annual fee−$795
First year / Year 2+$2,559 / $559

Use my own spending →

Verify everything on the issuer’s site before applying; offers change and may differ for you. We don’t list APRs: see the issuer’s pricing & terms. TravelCardMath earns nothing from this card today.