New Chase Sapphire Reserve Personal & Business Cards: Huge Bonus, Huge Annual Fee, Huge List of Perks

Chase managed to make a media event out of its revamp of the Chase Sapphire Reserve and new Chase Sapphire Reserve Business cards. The personal and business credit cards both have a huge $795 annual fee, huge new cardholder bonus, and long list of perks. Very much like the American Express Platinum, these “coupon book” perks revolve around an upscale “lifestyle” that includes staying at luxury hotels, flying Premium Economy and Business Class, eating at nice restaurants, and so on.

I'm not sure I fit this mold, and it's definitely going to take a bit of reading to figure out all the angles. At a very high level, the $300 annual travel credits are relatively easy to redeem and after that the net annual fee becomes ~$500. Can I get $500 in value from the rest of the card? 🤷 You may find it fits you better; the application links are now available. Here are the highlights:

New Chase Sapphire Reserve Credit Card (Personal)

100,000 Ultimate Rewards points + $500 Chase Travel promo credit (must be used all at once, and bought through Chase Travel portal) after $5,000 in purchases in the first 3 months.
New application restrictions that are more vague, instead of “5/24”. However, if you don't qualify for the bonus, they will tell you ahead of time and you won't get a hard credit pull.
$300 Annual Travel Credit, which is pretty flexible.
8X points on Chase Travel portal purchases.
4X Points on flights and hotels purchased directly.
3X points on dining worldwide.
$500 Annual The Edit Hotels Credit. The Edit is a “collection of over 1,100 hand-picked hotels and resorts around the world”. The ones I've seen are all expensive, luxury hotels.
$300 Annual Dining Credit. Up to $150 in statement credits from January through June and again from July through December for a maximum of $300 annually for dining at restaurants that are part of the “Sapphire Reserve Exclusive Tables.” Again, expensive restaurants.
Points Boost – Redeem points at up to 2x value on select flights and hotels. You'll have to book via Chase Travel portal, and the best boost are for Premium Economy class and above.
$1,000+ in additional credits – Apple TV+, Apple Music, Lyft, DoorDash, StubHub, Peloton
Lounge Access – Priority Pass Select membership, Chase Sapphire Lounges, and some Air Canada Lounges.
$120 Global Entry or TSA PreCheck® or NEXUS Fee Credit.
$795 annual fee. $195 for each authorized user.

New Chase Sapphire Reserve for Business Credit Card

200,000 Ultimate Rewards points after $30,000(!) in purchases in the first 6 months.
New application restrictions that are more vague, instead of “5/24”. However, if you don't qualify for the bonus, they will tell you ahead of time and you won't get a hard credit pull.
$300 Annual Travel Credit
8X points on Chase Travel portal purchases.
4X Points on flights and hotels purchased directly.
3X points on social media & search engine advertising.
$500 Annual The Edit Hotels Credit. The Edit is a “collection of over 1,100 hand-picked hotels and resorts around the world”. The ones I've seen are all expensive, luxury hotels.
$1,000+ in additional credits – Curated Gift Card, Google Workspace, ZipRecruiter Credit, DoorDash, Lyft.
$120 Global Entry or TSA PreCheck® or NEXUS Fee Credit.
Lounge Access – Priority Pass Select membership, Chase Sapphire Lounges, and some Air Canada Lounges. Two guests may accompany the Primary Cardmember to the lounges free of charge.
$795 annual fee.