For each Sapphire Reserve card, Chase gets a $550 annual fee + 3.0% of every swipe. Each cardholder gets $300 in travel credit + $120 in DoorDash credits and f

For each Sapphire Reserve card, Chase gets a $550 annual fee + 3.0% of every swipe. Each cardholder gets $300 in travel credit + $120 in DoorDash credits and from 1% to 4.5% of every dollar spent refunded depending on how you spend your points. Plus purchase protection, Lyft Pink and a bunch of other travel benefits. For the cardholder, it's easily break even if you spend ~$10k+/year on your credit card. For Chase, they only lose when users spend less than $10k and leave after the first year.