We compared each card on a range of features, including travel rewards (points and miles), annual fee, welcome bonus, introductory and standard APR, one-time perks, annual perks, redemption rates, as well as factors such as required credit and customer reviews when available. To determine which cards will put the most money back in your pocket, Select evaluated 127 popular rewards credit cards offered by major banks, financial companies and credit unions that allow anyone to join. And the Priority Pass™ Select membership, which gives you access to more than 1,000 lounges in 500 cities worldwide, has a value of about $429. There's an annual $300 travel credit, as well as a $100 credit for Global Entry or TSA PreCheck application fees cardholders can redeem every four years. However, if you take advantage of all the annual credits, you can come out well ahead of the fee. While this card offers great rewards and benefits, it does come with a hefty $550 annual fee. This is a great way to maximize the value of your rewards and makes this card stand out from the pack. For example, 60,000 points are worth $900 toward airfare, hotels, car rentals and cruise reservations when you redeem through Chase Ultimate Rewards®.
The value of points increases 50% when you redeem for travel on Chase Ultimate Rewards®. Redemption values for other reward options may be worth more or less than this. When you use points through Chase Pay® for a statement credit to cover all or part of a purchase made at participating Chase Pay® merchants (Amazon, for instance), each point is worth $.008, which means that 100 points equals $.80 in redemption value.
(See more on how the value of points is calculated.) If you redeem points for cash and gift cards, each point is worth $.01, which means that 100 points equals $1 in redemption value. The value of Chase rewards points varies depending on how you use them. This card is geared toward frequent travelers, offering points on dining and travel worldwide and no foreign transaction fees.
Who's this for? If you're a frequent traveler looking to make your flights and hotel stays more luxurious, the Chase Sapphire Reserve® should be on your radar.
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