In a Nutshell:
Thanks to its generous $300 annual travel credit that covers nearly any travel expense, including airfare, the Chase Sapphire Reserve card is an exceptionally valuable travel card that makes luxury travel benefits accessible for travelers on a wide range of budgets.
The Chase Sapphire Reserve has slightly stricter approval requirements than its little brother, the Chase Sapphire Preferred® Card. Reports suggest that you'll typically need a score of at least 720 to get approved for the card, though the average score is slightly higher.
The annual fee is worth it if you:
Spend at least $300 a year on travel. The saving grace of the Chase Sapphire Reserve®'s $550 annual fee is that it's partly offset by a $300 annual statement credit for travel purchases.
The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® earn Ultimate Rewards points. While the Chase Sapphire Reserve® offers more perks, it has a much higher annual fee. The Preferred is a better option if you're new to rewards cards, and it offers a bigger intro bonus.
The only surefire way to get the $550 Chase Sapphire Reserve annual fee waived is if you're an active servicemember and you check that box on the application. As long as Chase can confirm your active duty status, they won't charge you any fees.
The trip cancellation policy will reimburse any nonrefundable trip expenses that were prepaid with your Chase Sapphire Reserve®, such as hotels, tours and airfare, as long as they were cancelled for a covered reason.
Centurion® Card from American Express
Why it's one of the hardest credit cards to get: The hardest credit card to get is the American Express Centurion Card. Known simply as the “Black Card,” you need an invitation to get Amex Centurion.
The Chase Sapphire Preferred credit limit is $5,000 minimum. Limits can be higher, depending on creditworthiness, though. Plenty of Chase Sapphire Preferred cardholders report limits of at least $10,000, and some say they have a limit of $20,000 or more.
How Often Does Chase Increase My Credit Limit? Chase will often automatically increase your credit limit about every 12 months, but an increase is never guaranteed.
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