Get the latest points, miles and travel news by signing up for TPG’s free daily newsletter. Third, I'll look at how much you'd need to spend on the Chase Sapphire Reserve each year to cover the annual fee compared to using a non-earning card or cash. Second, I'll compare the Chase Sapphire Reserve to the Citi® Double Cash Card, a card that earns up to 2% cash back on all purchases (1% when you buy and 1% as you pay) and doesn't charge an annual fee.

First, I'll compare the Chase Sapphire Reserve to the Chase Sapphire Preferred Card, a similar card with slightly less-rewarding bonus categories and a significantly lower annual fee (but with a higher welcome bonus). So, today I'll consider three different scenarios that may help you decide whether the Sapphire Reserve is a good choice for you. After all, the Chase Sapphire Reserve's benefits provide different value to each cardholder. But deciding whether it makes financial sense for you to add it to or keep it in your wallet can be difficult. The Chase Sapphire Reserve is undoubtedly one of the best travel rewards credit cards.

Update: Some offers mentioned below are no longer available.

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