There are many great credit cards out there, so it’s important to carefully consider the benefits of each card. If you are considering a travel rewards card, the many benefits of Chase Sapphire Reserve make it a popular choice for frequent travelers.
This premium card comes with an annual fee of $ 550. This means that it only makes sense if you are a regular traveler who is going to make the most of all the benefits of Chase Sapphire Reserve. Some of the more notable perks include a large welcome bonus, generous annual travel credit, and high earning potential. To help you decide if the Chase Sapphire Reserve® is the right credit card for you, we’ve outlined the benefits below:
Benefits of the Chase Sapphire Reserve Card
It can be a travel credit card, but it also offers many non-travel benefits. Here are a few:
Awesome signup bonus
One of the most notable benefits of Chase Sapphire Reserve is its impressive sign-up bonus offer. If you spend $ 4,000 on purchases within the first three months of owning the card, you will earn 50,000 bonus points. These bonus points are worth $ 750 in travel value when redeemed through the Chase Ultimate Rewards portal.
Earn 3 points for $ 1 in the dining room
It doesn’t matter whether you are at home or traveling, dining out or ordering takeout. If you are a Chase Sapphire Reserve cardholder, you will earn 3 points per dollar on restaurant purchases, including delivery and take out services.
Chase also has a limited time offer on grocery expenses. Until April 30, 2021, you can earn 3 points per dollar on up to $ 1,000 in grocery expenses per month. This includes all grocery purchases, including pickup and delivery.
Purchase and return protection
Purchase protection is another major benefit of Chase Sapphire Reserve®. Purchases made with the card are covered for up to 120 days against theft and damage. You are entitled to up to $ 10,000 per loss and $ 50,000 per year.
Tired of retailers not picking up your returns? You’ll get return protection when you shop with this card. This means that you can be reimbursed for up to $ 1,000 per year, even if the store does not pick up your purchases. You can claim up to $ 500 per item within 90 days of purchase.
Extended warranty protection
There is nothing worse than a warranty on an expensive item. The extended warranty protection of the Chase Sapphire Reserve® card extends the warranties of US manufacturers for an additional year. This is available for qualifying warranties of three years or less.
Limited time offers during COVID-19
For those who rely on ridesharing services, this card earns 10 points for every dollar spent on Lyft grocery purchases through March 31, 2022. In addition, Chase Sapphire Reserve® cardholders receive a free membership. ‘one year at Lyft Pink. It offers travel discounts as well as rental upgrades and other benefits. This benefit must be activated before March 31, 2022.
Cardholders can also get a free one-year DashPass subscription from DoorDash. This must be activated by December 31, 2021. Cardholders can also get up to $ 60 in statement credits for DoorDash purchases through December 31, 2021.
Peloton riders will appreciate this advantage. Cardholders can recover up to $ 120 on Peloton Digital or Peloton All-Access subscriptions until December 31, 2021. This credit is available as a statement credit.
Chase Sapphire Reserve Travel Benefits
This travel credit card is often considered one of the best travel credit cards on the market. Here’s why:
Annual travel credit of $ 300
This Chase card offers an annual travel credit of $ 300. It is paid as a statement credit for qualifying travel purchases. If you plan to use your card for regular travel purchases, this credit is easy to earn and helps offset annual fees. If you travel less this year, you’ll be happy to know that gas and grocery purchases count towards this travel credit until June 30, 2021.
$ 100 credit for TSA PreCheck or Global Entry
If you’re planning on applying for TSA PreCheck or Global Entry, you’ll want to make sure you use your Chase Sapphire Reserve® card. Every four years, this card offers up to $ 100 reimbursement for TSA PreCheck or Global Entry application fees. Using this credit for Global Entry is the smartest bet as it also includes TSA PreCheck.
Earn 3 points per dollar on travel expenses
Another of the main benefits of Chase Sapphire Reserve is the ability to earn 3 points per dollar on qualifying travel purchases. With so much earning potential, you can reach your reward point goals faster.
Free access to the airport lounge
It’s best to spend time at the airport with a Chase Sapphire Reserve® card. Indeed, this credit card includes a Priority Pass Select subscription. This gives you and up to two guests free access to over 1,300 airport lounges. When you compare credit cards, this is a big plus if you spend a lot of time at airports.
No foreign transaction fees
Traveling overseas with this Travel Rewards card is no problem as there are no overseas transaction fees. Many non-travel credit cards charge fees for transactions abroad. It’s often around 3% for every overseas purchase, which can add up quickly.
Advantages of the luxury hotel
Chase is partnering with the Luxury Hotel & Resort Collection to offer additional perks at over 1,000 of their properties. This includes luxury hotel perks such as hotel credits, room upgrades, late check-out, and daily breakfast for two.
Points are worth more when redeemed for travel
Another reason why this card is considered one of the best credit cards is that it offers more value when redeeming points for travel. Cardholders get 50% more value on their travel purchases through the Chase Ultimate Rewards portal. This means that your points go further.
One of the great benefits of the Chase card is the valuable Chase Ultimate Rewards points. Chase has a variety of airline and hotel transfer partners, which means that points can be redeemed in a number of ways.
With travel being limited due to COVID-19, Chase launched the Pay Yourself tool. How it works? Use this tool to transfer points and reimburse you for purchases made at restaurants, home improvement stores and grocery stores. Your points are worth $ 0.015 each thanks to this program until April 30, 2021.
When planning a trip, you’ll want to be protected if something unexpected happens. The benefits of Chase Sapphire Reserve include travel protection.
This Chase Credit Card includes Trip Cancellation and Trip Interruption Insurance. You will be covered if a trip is canceled or shortened due to illness, inclement weather or other covered conditions. You will be reimbursed up to $ 10,000 per person and $ 20,000 per trip in prepaid, non-refundable travel expenses.
You can also get a refund if your trip is delayed. If your flight is delayed by more than six hours or requires an overnight stay, you and your family can claim up to $ 500 per ticket for expenses such as meals and accommodation.
Plus, if your baggage is damaged or lost by the carrier, you’re covered up to $ 3,000 per person. This Chase Sapphire Reserve® benefit is available to you and your immediate family members.
In the event of a serious emergency, this travel card includes emergency evacuation and transport cover. If you or a member of your immediate family is injured or ill while traveling, you can claim up to $ 100,000 in medical services and transportation.
Car rental insurance
The Chase Sapphire Reserve® also includes a collision damage waiver on your rental car. To use this benefit, you will need to decline the rental company’s collision damage waiver and charge the full rental fee to your card. You will be covered for up to $ 75,000 in the event of theft and collision. This is available for rental cars in the United States and abroad.
You might be wondering if you want to apply for the Chase Sapphire Reserve® vs Chase Sapphire Preferred® card. The Chase Sapphire Reserve® is ideal for frequent travelers. But if you’re not a frequent traveler or want a great card with a lower annual fee, the Chase Sapphire Preferred® Card may be a better fit.
It’s easy to see why so many people consider this to be one of the best Chase credit cards. However, you will need a good or excellent credit score to qualify. If you are ready to apply, you may be pre-qualified for a Chase card.