Table of Contents
- 1 The Chase Sapphire Reserve credit card
- 2 Why it is still a fantastic deal?!
- 3 How to get approved for the Chase Sapphire Reserve?
- 4 What do I get with the Chase Sapphire Reserve card?
- 5 What would I use the 50,000 Ultimate Rewards bonus points for?
- 6 Singapore Airlines First Class/Business Class
- 7 Two nights at the Park Hyatt Maldives Hadahaa
- 8 Singapore Airlines/Air New Zealand Business Class Southeast Asia to Tahiti
- 9 More options
The Chase Sapphire Reserve credit card
The Chase Sapphire Reserve has been making a splash since it’s introduction last year. It’s so good for consumers Chase had to announce more than 300 million of losses in its annual report.
The card also gives you 3 points per dollar on dining and any travel-related expenses.
The annual fee is $450 and is not waived. However since you get a $300 travel credit that can be used for any credit spend (I spend easily 10x every month on travel on my Reserve card ,you need to just subtract that from the annual fee).
So in my mind the annual fee is just $150. This is $55 more than the Chase Sapphire Preferred though (which only earns 2x on Travel and dining).
Why it is still a fantastic deal?!
No other card allows bonus earning at 3x on such wide categories. The American Express Platinum card (I have that one too) allows 5x on flights but only booked with the airline.
Since a big portion of my spend is travel this extra point (compared to the Chase Sapphire Preferred) was worth it for me.
In addition the Chase Sapphire Preferred allows Priority Pass lounge access unlimited and with all your guests. If you travel with family and friends a lot you quickly realize that elite status is not very useful (it only allows you and one guest for lounge access). Many Priority pass lounges have come a long way and getting four or five people in for free is fantastic value for me!
The Chase Sapphire Reserve also ups the ante with their insurance package that exceeds any card I ever had.
– (Primary) Auto Rental Collision Damage Waiver
– Trip Delay Reimbursement
Both are somewhat common now, but:
– Emergency Medical and Dental Benefit
– Emergency Evacuation & Transportation
These two benefits I used to buy separately saving me $20 per month.
The insurance provider Chase contracts have been bureaucratic but have been friendly and have always approved any claims I made.
How to get approved for the Chase Sapphire Reserve?
Chase has gotten rather picky with approvals and has introduced a number of rules.
A) You can only have one Chase Sapphire card per person at one time
If you have another Chase Sapphire card you will need to cancel that one first (but you may be able to do so in reconsideration)
B) Chase uses the ‘5/24’ rule and looks at your credit report how many cards you have been approved for from Chase and other issuers in the last 24 months. If you had more than five cards from ANY issuer that is negotiable but more than five cards form Chase will automatically deny your application and reconsideration will not override that.
What do I get with the Chase Sapphire Reserve card?
If your application is successful, you get 50,000 Ultimate Rewards plus any points from completing the minimum spend!
You will get 50,000 Ultimate Rewards points just for signing up and completing a minimum spend of $4,000 in the first 3 months of account opening.
What would I use the 50,000 Ultimate Rewards bonus points for?
Chase Ultimate Rewards points can be transferred to a number of partners and give you an enormous choice of awards.
Singapore Airlines First Class/Business Class
Singapore Airlines KrisFlyer is a 1:1 transfer partner of Ultimate Rewards. It’s worth repeating that Singapore Airlines has a fantastic first and business class product and flights on Singapore Airlines are rather easy to book with KrisFlyer miles.
First check online for availability on one of these routes:
- San Francisco – Hong Kong (and vice versa)
- Los Angeles – Tokyo (and vice versa)
- San Francisco – Seoul (and vice versa)
- New York – Frankfurt (and vice versa)
Fuel surcharges are now lower and the miles required slightly higher since the Singapore Airlines award chart changes kicked in.
Two nights at the Park Hyatt Maldives Hadahaa
Once you complete your minimum spend and add an authorized user, you will have enough points needed for the Park Hyatt in the Maldives. 25,000 points per night replaces a cash payment of $1,080 plus taxes and fees!
This Park Hyatt is located on a private island, one hour south of Male Airport. It looks breathtaking and also prides itself on many favorable reviews. Keep in mind that food prices are high and the transfer from the airport will be billed extra.
There are more Category 6 Hyatt properties.
Singapore Airlines/Air New Zealand Business Class Southeast Asia to Tahiti
This works best if you already have a flight to Southeast Asia and want to make the return over the Pacific a bit more ‘creative’. Transfer 45,000 points to United MileagePlus and you can fly on Singapore Airlines and Air New Zealand from anywhere in Southeast Asia to Tahiti one-way in Business Class. united.com will not show Singapore Airlines flights, but most flights are bookable when you call, so call United reservations directly. Note that Air New Zealand availability is very limited but it does exist.
Other great options include flights in Micronesia with United/Star Alliance, 4 nights at the JW Marriott Jakarta or a whirlwind economy round-trip through Europe from the Azores to Greece via Norway; these are just 35,000 United MileagePlus miles each.
Note: Mighty Media LLC will receive a referral award for any successful application.