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A few months ago, Chase had the universe of credit card nerds (yes, that exists) going crazy over the release of its newest card, the Chase Sapphire Reserve. You can think of this as an upgrade to the Chase Sapphire Preferred (a must-have card until this new release). Y'all, the Reserve has all of the credit card nerds energized for a reason. In my opinion, it is the best travel rewards card on the market.
A quick caveat: I don't recommend the Reserve to someone who is starting out. If you are in the early innings of building up your credit score, I recommend a card with no fee and good cash back opportunities like the Citi Double Cash and the Chase Freedom. These were my first two credit cards, and I still have them today! However, if you are an experienced and responsible credit card user who does not carry a balance and can benefit from redeeming points for travel, read on!
UPDATE (January 2017): The Chase Sapphire Reserve is now offering a 50,000 point sign-up bonus instead of the original 100,000 point promotion. However, it is still the best travel rewards card on the market!