Here are some of my favorite benefits of the Chase Sapphire Reserve Card. Keep in mind that there are many more!
- Chase Sapphire Reserve travel insurance
- $300 annual travel credit
- No foreign transaction fees
- Priority Pass Lounge access
- Luxury Hotel and Resorts Perks
$300 Annual Travel Credit
Chase Sapphire rewards are incredibly generous in their idea of “travel” purchases so anything from Uber rides to airport parking lot charges count towards this annual travel credit that gets automatically applied to your card. In December, I purchased a $270 ticket via JetBlue and the next day I had $270 to offset that charge. It was that easy, I did not have to do anything. The remaining $30 in credits were applied to a future travel related charge.
No Foreign Transaction Fees
I absolutely love this benefit because I avoid having a lot of cash on me when I travel internationally yet I hate having to be liable for fees on my debit or regular credit cards. This is a huge advantage for Chase Sapphire Reserve Card holders as well since AMEX is not accepted everywhere overseas.
Priority Pass Select Lounge Access
Once you receive your Chase Sapphire Reserve card, you may call the 24/7 direct access customer service team to request your Priority Pass Select card. This card gives you and your guest(s) access to over 900 airport lounges worldwide. You can read about the individual lounge specifics on the Priority Pass select app, but I can tell you that you no longer have to worry about purchasing food and alcohol at the airport before your flight. Most lounges come equipped with top shelf liquors, a great variety of food and snacks, and an overall comfortable environment whether you are on a layover or waiting for a flight.
Chase Sapphire Reserve Travel Insurance
There a multitude of insurance benefits that come with the Chase Sapphire Reserve card. In addition to travel related insurance, the Chase Sapphire Reserve card also offers purchase protection for all purchases you make up to $10K per claim and $50K per year. Here is a brief explanation of a few of my favorite Chase Sapphire travel insurance benefits that come with the card:
•Trip cancellation/interruption – If your trip is cut short or cancelled prior to departure due due to severe weather, sickness or a multitude of other covered situations, you can be reimbursed for pre-paid, non-refundable travel expenses such as fares, tours and hotels — up to $10,000 per trip. Your direct relatives are also covered if you purchased their portion of the trip on your Chase Sapphire reserve card. (Hint: if you are struggling to hit the $4,000 in purchases in the first three months, this is another way you can reach that goal: buy a direct family members trip.) •Trip delay – If you are delayed for over 6 hours or if you require an overnight stay, you and your family are covered for expenses such as including meals and accommodation for up to $500 per ticket. •Delayed baggage – If your baggage is delayed more than 6 hours, you are eligible for coverage of $100 a day up to five days. •Lost luggage- Coverage of up to $3,000 per person for you and your immediate family members if a checked or carry on bag is damaged or lost by the carrier. •Primary car rental insurance – You can decline a rental company’s insurance because the Chase Sapphire Reserve card benefit allows you to receive up to $75K in reimbursements for theft and collision damage.
Global Entry/TSA Pre-check
If you haven’t joined either program yet, it makes sense to go with Global entry because it grants you access to breeze through the fast-track immigration line AND it enrolls you in TSA PreCheck, essentially giving you the two for one deal. Similar to the $300 annual travel credit, you will receive reimbursement for the fee directly on your statement.
Luxury Hotel & Resort Perks
If you book a stay at an eligible property, you will enjoy benefits such as complimentary room upgrades, complimentary meals, early check-in/out, access to special amenities and more.If you stay for two nights at Relais Châteaux properties, you become eligible for Club 5C status which grants you room upgrades, “invitations to prestigious events” and a complimentary experience unique to each property.
The Chase Sapphire Reserve card early spend bonus is undeniably one of the best yet. Currently the bonus offer is 50,000 points (down from 100K when the card first hit the market) after $4,000 or more in purchases in the first three months. When these points are used to book travel through the Ultimate Rewards portal, they are valued at 50% more in redemption, or $750 for the 50K point sign up bonus.The Chase Sapphire Reserve card earns you points at one of the most valuable credit card reward programs on the market; allowing you to move your points over to 11 different airline and hotel programs. You get 3X for every dollar spent on travel world wide. You also earn 3X on dining expenses. Other purchases get 1 point per dollar spent. You can even apply these points to your statement as a credit.
What’s the catch?
Without a doubt, the Chase Sapphire Reserve card is one of the most admirable travel credit cards available on the market now. It comes at a price tag of $450 annually. If you apply for this card at a Chase branch, you will be eligible to receive 100K in bonus points after making $4,000 in purchases in the first three months. On the Ultimate Rewards portal these points are valued at $1,700 which pays your annual fee for the next three years. Taking the latter into account and adding in the $300 annual travel credit, the Priority Pass Lounge Access and the Chase Sapphire Reserve travel insurance benefits … you are already netting out the fee.
For more travel tips and inspiration, check out my blog Elonatheexplorer