Chase Ultimate Rewards Visa

Chase Sapphire Reserve

Issued by Chase

$795

Annual Fee

Base Rate

Chase Travel

200k

Welcome Bonus

Annual Fee

$795

Default Earn Rate

1x points/$

Point Value

2.00c each

Foreign Transaction Fee

None

Earning Categories

Chase Travel

Flights (Direct)

Hotels (Direct)

Lyft

Dining

All Other Purchases

Current Welcome Bonus

200,000 points

Est. value: $400,000

Spend $30,000

Within 6 months

Statement Credits

$800/year total

Annual Travel Credit

$300

/year

Automatic statement credit for travel purchases (airfare, hotels, car rentals, cruises, Uber, Lyft, tolls, etc.)

The Edit Hotel Credit

$250

/6 months

$500/year for 2+ night stays at Chase Hotels by The Edit ($250 Jan-Jun, $250 Jul-Dec)

Chase Ultimate Rewards Program

Program Details

Currency points

Program Type CREDIT_CARD

Portal Redemption Values

Baseline: 1c per point

Preferred: 1.75c per point

Premium: 2c per point

Since October 6 2025, sapphire cards no longer are redeemed at 1.25 or 1.5 respectively. The new terms is that all points earned after 10/6/2025 are redeemed at 1 cent per point (cpp). Chase has introduced the premium travel points boost, that for select premium travel (premium economy and higher, select hotels) points are redeemed at 1.75 for sapphire preferred and ink cards, while the reserve cards are redeemed at 2 cpp

Transfer Partners (14)