36 properties in Central & South America, ranked by how much of the Sapphire Reserve credit each stay actually uses.
The Edit by Chase Travel lists 36 properties in Central & South America, spread across 23 cities. 3 of them are IHG brands where the credits stack to $500, so those stays draw down twice the credit.
1 stay price at or below the credit they qualify for, meaning the statement credit covers the whole sampled two-night stay and nothing lands on your card. The strongest value on our sampled dates is InterContinental São Paulo by IHG in São Paulo at about $598 for two nights — that uses the full $500 credit, for $98 out of pocket.
Sampled two-night totals here run from $274 to a median of about $1,310. Every row below shows what the credit reimburses and what actually lands on your card — see how the credit works for why that differs from the room rate.
| Hotel | City, country | 2-night est. | Credit | Out of pocket |
|---|---|---|---|---|
| InterContinental São Paulo by IHG IHG $500 | São Paulo, Brazil | $597.84 | $500 of $500 | $97.84 |
| Kimpton Grand Roatan Resort And Spa by IHG IHG $500 | Roatan, Honduras | $702 | $500 of $500 | $202 |
| Itz’ana Resort & Residences, Placencia | Placencia, Belize | $471.5 | $250 of $250 | $221.5 |
| Alaia Belize, Autograph Collection | San Pedro Ambergris Caye, Belize | $538.88 | $250 of $250 | $288.88 |
| The Ritz-Carlton, Santiago | Santiago, Chile | $543.44 | $250 of $250 | $293.44 |
| The Santa Maria, a Luxury Collection Hotel & Golf Resort, Panama City | Panamá, Panama | $572 | $250 of $250 | $322 |
| Hotel Nantipa - A Tico Beach Experience | Cóbano, Costa Rica | $650 | $250 of $250 | $400 |
| Casa Pestagua Relais Châteaux | Cartagena, Colombia | $817.52 | $250 of $250 | $567.52 |
| Sofitel Barú Cartagena Beach Resort | Cartagena De Indias, Colombia | $858.98 | $250 of $250 | $608.98 |
| Sofitel Legend Santa Clara Cartagena | Cartagena, Colombia | $890 | $250 of $250 | $640 |
| Four Seasons Hotel Bogotá Casa Medina | Bogotá, Colombia | $1,006.5 | $250 of $250 | $756.5 |
| Sofitel Legend Casco Viejo, Panama City | Panama City, Panama | $1,040 | $250 of $250 | $790 |
| Four Seasons Hotel Bogota | Bogotá, Colombia | $1,050 | $250 of $250 | $800 |
| Santa Teresa Hotel Rio de Janeiro - MGallery Collection | Rio De Janeiro, Brazil | $1,065.54 | $250 of $250 | $815.54 |
| W Costa Rica - Reserva Conchal | Cabo Velas, Costa Rica | $1,252 | $250 of $250 | $1,002 |
| Fairmont Rio de Janeiro Copacabana | Rio De Janeiro, Brazil | $1,253.06 | $250 of $250 | $1,003.06 |
| Palacio Duhau - Park Hyatt Buenos Aires | Buenos Aires, Argentina | $1,291.5 | $250 of $250 | $1,041.5 |
| Tabacón Thermal Resort & Spa | La Fortuna, Costa Rica | $1,310 | $250 of $250 | $1,060 |
| Miraflores Park, A Belmond Hotel, Lima | Lima, Peru | $1,354 | $250 of $250 | $1,104 |
| Awasi Iguazú | Puerto Iguazú, Argentina | $1,382 | $250 of $250 | $1,132 |
| Palacio Tangara, Oetker Hotels | São Paulo, Brazil | $1,388.36 | $250 of $250 | $1,138.36 |
| Monasterio, A Belmond Hotel, Cusco | Cusco, Peru | $1,408 | $250 of $250 | $1,158 |
| Faena Hotel Buenos Aires | Buenos Aires, Argentina | $1,408.14 | $250 of $250 | $1,158.14 |
| Four Seasons Hotel Buenos Aires | Buenos Aires, Argentina | $1,418.56 | $250 of $250 | $1,168.56 |
| Hotel das Cataratas, A Belmond Hotel, Iguassu Falls | Foz Do Iguassu, Brazil | $1,464.64 | $250 of $250 | $1,214.64 |
| Las Casitas, A Belmond Hotel | Arequipa, Peru | $1,548 | $250 of $250 | $1,298 |
| Los Altos Resort | Quepos, Costa Rica | $1,578 | $250 of $250 | $1,328 |
| Nayara Gardens | La Fortuna, Costa Rica | $1,622 | $250 of $250 | $1,372 |
| Copacabana Palace, A Belmond Hotel, Rio de Janeiro | Rio De Janeiro, Brazil | $1,786.08 | $250 of $250 | $1,536.08 |
| The Vines Resort & Spa | Tunuyan - Uco Valley - Mendoza, Argentina | $1,992.1 | $250 of $250 | $1,742.1 |
| Nayara Springs - Adults only | La Fortuna, Costa Rica | $2,010 | $250 of $250 | $1,760 |
| Palacio Nazarenas, A Belmond Hotel, Cusco | Cusco, Peru | $2,332 | $250 of $250 | $2,082 |
| Four Seasons Resort Peninsula Papagayo, Costa Rica | Nacascolo, Costa Rica | $2,708 | $250 of $250 | $2,458 |
| Nayara Tented Camp | La Fortuna, Costa Rica | $2,714 | $250 of $250 | $2,464 |
| Nekajui Peninsula Papagayo, a Ritz-Carlton Reserve | Nacascolo, Costa Rica | $3,218 | $250 of $250 | $2,968 |
| InterContinental Cartagena De Indias by IHG IHG $500 | Cartagena, Colombia | $274.42 | $274.42 of $500 | $0 |