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The has a well-deserved reputation as one of the . It's loaded with benefits such as , a generous annual travel credit and various useful built-in travel insurance coverages. However, you'll typically need a strong credit score to get approved for a such as the .
On top of that, Chase has other application restrictions you need to watch out for. explains what you need to meet to have the best chance of getting this luxury rewards credit card. The has a $550 annual fee, but its benefits can make it .
Every year cardholders receive up to $300 in statement credits for travel purchases, and that's in addition to these ongoing perks: Cardholders can also take advantage of many useful travel and purchase coverages. You'll get trip delay insurance, rental car coverage, , return protection, and more. The Sapphire Reserve also earns , which are exceptionally versatile and valuable travel rewards.
You can redeem Chase points for cash back, gift cards, and transfer them to all 14 of Chase's partner travel programs. While there isn't an officially published minimum credit score requirement, you'll typically need an to qualify for . To give yourself the best chance of being approved, aim for a of 800 or higher, although it's possible to qualify with a lower score.
Chase considers much more than your credit score when reviewing your application, including how many credit cards you have opened with other banks recently. You may be denied a if you've opened five or more credit cards in the past 24 months. This is known as the .
There are also added limitations based on if you have, or have had, any version of the Sapphire card (including the ). You aren't eligible for a Sapphire Reserve card if you either: The 48-month waiting period applies to when you last earned a bonus, not when you were last approved for a Sapphire card. You typically have up to three months to earn a bonus, so you may need to wait up to 51 months from your last Sapphire card approval date.
The most important influences on your credit score are your payment history and total debt. These two factors comprise 65% of your . So there isn't a shortcut to for the long-term, it largely comes down to paying down your debt and paying your bills on time consistently.
There are services that may boost your credit score by giving you the option to add information to your credit report that . You can use or to add payment data for utilities, , internet services and more, to specific . Learn more about .
If you cannot qualify for the , the may be a good option. It generally only requires a good credit score or better (700+), has a lower annual fee and earns the same transferable Chase Ultimate Rewards® points as the Sapphire Reserve. The also features solid travel insurance perks, although it lacks airport lounge access.
If that's an important benefit for you, then consider a different card. If you'd rather get a card with , consider the . It offers a Priority Pass airport lounge membership with four free visits per year and an up to $100 application fee credit for Global Entry or TSA PreCheck® every four years.
Both of these are exceptionally rare perks for a card with no annual fee. To have the best chances of getting approved for the , we recommend having a strong credit score (800+), although you may be able to qualify with a lower score. However, even with an excellent credit score, you'll need to meet other requirements to qualify such as falling under Chase's 5/24 limit.
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