Chase Sapphire Reserve®

This is an excellent choice for frequent travelers due to the wide range of benefits it offers. It earns Ultimate Rewards® points that can be redeemed in various ways, including cash and gift cards, but the best way to redeem them is to book travel, either through Chase Travel℠ since booking through this card points are worth 50% more, or transferring them to airline and hotel loyalty programs. Chase partners with 11 airlines and 3 hotel chains to transfer points.

Although it has an annual fee of $550, it comes with a $300 travel credit in the form of statement credit for travel purchases charged to the card each anniversary year.

It also offers a complimentary Priority Pass Select membership for access to over 1,300 VIP lounges worldwide and to all Chase Sapphire Lounge by The Club locations (requires enrollment), and a statement credit of up to $120 every four years as a reimbursement for the application fee charged for Global Entry, TSA PreCheck®, or NEXUS.

This card doesn't charge foreign transaction fees and offers the following rewards structure: 5x on flights and 10x on hotels and rental cars booked through Chase Travel℠ (after the first $300 spent), 3x on restaurants, including eligible delivery services and take out, 3x on all other travel purchases (after the first $300 spent), and 1x on all other purchases.

One of the best benefits of this card is that points are worth 50% more when using them through Chase Travel℠. This provides greater flexibility and versatility.

Points generated from other Chase cards like the Chase Freedom Flex® and the Chase Freedom Unlimited® can be combined with this one, making the Chase Sapphire Reserve® even more versatile and valuable.

It also has additional benefits such as travel and rental car insurance. Rewards do not expire as long as the account remains open.