Chase Sapphire Reserve annual-fee breakeven
In a general scenario (default spend mix + every catalog credit used in full), the Chase Sapphire Reserve ($795 annual fee) is worth credits $2,664 + incremental earn $444 = $3,108 in year 1, or $2,313 after the fee.
Key Takeaways
General-scenario verdict: Worth keeping
Using every catalog credit in full already covers the fee. On earn alone, the breakeven is $68,757 a year of spending in the same mix.
Annual fee: $795 · Credits /yr: $2,664 · Incremental earn /yr: $444
Year-1 value: $3,108 · After fee: $2,313
Worth keeping
Catalog credits (annualized)
| Credit | Cycle | Per period | Annual |
|---|---|---|---|
| DoorDash promo up to $35/mo | monthly | $35 | $420 |
| Lyft credit $10 | monthly | $10 | $120 |
| The Edit hotel credit $250/stay (up to $500/yr) | annually | $500 | $500 |
| StubHub credit $150 | semi-annually | $150 | $300 |
| Dining credit $150 (Exclusive Tables) | semi-annually | $150 | $300 |
| Peloton membership credit $10 | monthly | $10 | $120 |
| Select Hotels credit up to $250 | annually | $250 | $250 |
| Travel credit $300 | annually | $300 | $300 |
| Free Apple TV+ & Music (worth $324/yr) | annually | $324 | $324 |
| Global Entry / TSA PreCheck $120 | every 4 years | $120 | $30 |
Incremental earn on the default spend mix
| Spend category | Monthly spend | Earn rate | Point value | Incremental /yr |
|---|---|---|---|---|
| Dining | $400 | 3x (category rate) | 1.5c | $120 |
| Groceries | $600 | 1x (everything rate) | 1.5c | $0 |
| Gas (personal) | $150 | 1x (everything rate) | 1.5c | $0 |
| General travel | $300 | 4x (category rate) | 1.5c | $144 |
| Flights | $150 | 8x (category rate) | 1.5c | $180 |
| Amazon · Whole Foods | $200 | 1x (everything rate) | 1.5c | $0 |
| Drugstores | $100 | 1x (everything rate) | 1.5c | $0 |
| Everything else | $1,000 | 1x (category rate) | 1.5c | $0 |
| Office | $200 | 1x (everything rate) | 1.5c | $0 |
| Shipping · Ads | $100 | 1x (everything rate) | 1.5c | $0 |
How this is calculated
Each default-spend category's earn rate times the card's point value, minus a 2% baseline, floored at $0 per category, summed over the monthly mix. Credits are catalog face values annualized. Same math as the renewal analysis; a general-scenario estimate, not your own wallet.
FAQ
What is the breakeven point?
The spending level where the card's year-1 value (credits + incremental earn) equals its annual fee.
Why compare against a 2% card?
A no-fee 2% card is the baseline. Incremental earn shows how much more this card earns than that baseline, using the same math as the renewal analysis.
Is using every credit realistic?
No -- full use is the maximum. Recompute with only the credits you actually use for a breakeven that fits you.
Sources
- Every figure is computed at request time from the DanHana catalog (annual fee, credits, earn rates, point values). When the catalog changes, this page changes too.
Page updated: November 3, 2026
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