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October 1, 2017

Chase Sapphire Reserve Benefits and Perks

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Chase Sapphire Reserve is a premium travel credit card with a staggering $450 annual fee. Read this article to decide if the benefits are worth it.

The Sapphire Reserve is an upgrade from its predecessor, the Sapphire Preferred. The card has been popular since its released in August 2016. It competes with the American Express Platinum (a CreditDonkey partner) and the Citi Prestige.

Chase Sapphire Reserve offers a long roster of perks and benefits that help to justify its high annual fee. Here's a quick overview of some of the card's most appealing perks:

  • Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. Plus, no foreign transaction fees
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

Read on for an in-depth breakdown to determine if this top-tier travel credit card might be a fit for you.

The Basics: Earning and Redeeming Points

Travel Perks and Privileges

  • $300 annual travel credits: An annual $300 statement credit for travel purchases goes a long way to balance out the Reserve's $450 annual fee. Travel credits are automatically redeemed against your purchases in the travel category, which includes spending on flights, trains, taxis, hotels, parking garages, and highway fares, to name just a few eligible purchases. Credit renews each cardmember year.

  • $100 credit for Global Entry or TSA Pre: Every 4 years, you'll receive $100 application fee credit toward TSA Pre or Global Entry. TSA Pre gives you expedited security screening, while Global Entry includes TSA Pre and will grant you expedited customs. Both are 5-year memberships; you can apply for TSA Pre for $85, or Global Entry for $100.

    Tip: If you don't plan to use your Global Entry or TSA Pre credit, you can "gift" it to a friend. Just access the perk through your Reserve account in the Ultimate Rewards portal.

  • Priority Pass Membership: Another perk for frequent flyers: Priority Pass membership, which gives cardholders (and, in some cases, a guest) access to over 1,000 airport lounges in over 500 cities around the world. Offerings vary between lounges, but generally you can expect complimentary food, beverages, Wi-Fi, and workspaces.

    Tip:Enrollment isn't automatic - you'll have to activate membership once you open your account.

  • Car rental privileges: When you enroll in a loyalty program with National Car Rental, Avis, or Silvercar through Ultimate Rewards, you'll be able to access promotions, discounts, and upgrades on car rentals.

  • The Luxury Hotel & Resort Collection: With your Reserve card, you'll have access to a slew of perks with the hotels in Chase's Luxury Hotel & Resort Collection. When you use your card to book an eligible stay at one of these properties, you and your guest will enjoy a complimentary breakfast, early check-in and late check-out, room upgrades, discounts, and extra gifts and amenities that vary by property.

  • Accelerated access to Elite Status with Relais & Châteaux: This perk won't be for everyone, but it's a nice added bonus if you enjoy splashing out on luxury villas and boutique hotels.

    Relais & Châteaux offers luxury properties around the world, including locations throughout the U.S., South America, Europe, and Africa. When you book 2 nights (over the course of 12 months) with Relais & Châteaux, you'll be eligible for Club 5C status - giving you access to free room upgrades, VIP welcomes, special events, and exclusive offers. Again, you'll need to book your stay with your Reserve card, this time through Visa Infinite Concierge.

Concierge Services

  • 24/7 Customer Service: If you run into any issues with your account, you'll have 24/7 access to customer service via the phone number on the back of your card.

  • Visa Infinite Concierge services: This service helps cardholders with their travel planning needs, from booking flights to making dinner reservations or buying event tickets.

  • Worldwide Travel Assistance: If you need to book or modify travel plans through Chase Ultimate Rewards, the Chase Travel Team is there to help you through that process.

Travel Insurance and Protections

As a top-tier travel credit card, the Reserve caters to cardholders with insurance for a variety of travel snafus: canceled, interrupted, or delayed trips are covered, as is lost or delayed baggage. Of course, all of the insurance policies listed below apply to travel with "common carriers" like airlines, buses, cruises, and trains booked with your Reserve card.

  • Trip Cancellation and Interruption Insurance: If your trip is cancelled or interrupted by sickness, extreme weather, or other eligible extenuating circumstances, you can apply to be reimbursed for up to $10,000 per trip. This might not cover all of your abandoned travel plans, but it does cover pre-paid and non-refundable travel expenses like tour packages, hotel reservations, and airline fares.

    Tip: If the airline cancels your flight, you shouldn't have any problem getting them to refund your ticket. But if your flight is delayed and you end up having to cancel prepaid plans at your destination, you're likely on your own. Booking on your Reserve card will cover that scenario.

  • Trip Delay Reimbursement: If your flight, bus, cruise, or train is delayed for more than 6 hours (or long enough to require an overnight stay), you can apply for reimbursement from Chase for your added expenses - think meals and hotel stays - up to $500 per ticket.

  • Baggage Delay Insurance: If your baggage is held up in transit for more than 6 hours, you'll be covered for all of the essentials - toiletries and clothes, for example - up to $100 per day, for a maximum of 5 days.

  • Lost Luggage Reimbursement: You can be covered for up to $3,000 if your carry-on or checked bag is damaged or lost by your carrier. This applies to stolen luggage as well as to your relatives' luggage, even if you aren't traveling with them.

    Tip: Don't forget to document your expenses! The claims process is an arduous one, and you can expect to face some pushback no matter what insurance policy you're trying to cash in on. Be sure to get documentation from the airline that your baggage has been lost or delayed, and keep the receipts for the essentials you buy.

  • Travel and Emergency Assistance: Your Reserve card gives you access to a Benefit Administrator - a resource for legal and medical referrals in case you run into any emergencies while traveling.

  • Travel Accident Insurance: For the worst of all worst-case scenarios: you'll receive coverage for up to $1,000,000 in the case of accidental death or dismemberment.

  • Roadside Assistance: If you're having car trouble, you can call roadside assistance for a tow, jumpstart, tire change, locksmith, or gas, with coverage of up to $50 per incident, up to 4 times per year.

  • Collision and Damage Waiver for Rental Cars: Whereas most collision and damage insurance offered by travel credit cards is secondary coverage, the Reserve's is primary - meaning you can skip the rental agency's collision and damage insurance entirely when you pay for the rental in full with your Reserve card.

    Note: There are some exceptions to this coverage. For instance, vintage or luxury rentals and motorcycles.

Purchase Protections

  • Purchase Protection: Your Reserve card will cover new purchases against damage and theft for the first 120 days after purchase, with a limit of $10,000 per claim and $50,000 per year.

  • Price Protection: If you find a recent purchase you've made with your Reserve card (in the U.S.) advertised for less in print or online within 90 days, you can claim the difference. You'll be covered for up to $500 per eligible item and up to $2,500 per year.

  • Extended Warranty Protection: For eligible purchases with a U.S. repair warranty of up to 3 years, this protection will extend that warranty by 1 year.

  • Return Protection: This applies to purchases that you can't return to the store. If you want to take an item back but they won't accept your return, your Reserve card's return protection will have you covered. You can be reimbursed for eligible purchases up to 90 days after their purchase date, for up to $500 per item and up to $1,000 per year.

    Tip: You might only get 1x points on larger purchases, but charging them to your Reserve card might actually end up saving you more money in the case of an accident. If you opt to make those large purchases on a card that will give you more points for them, consider comparing the card's purchase protection first.

Bottom Line

In our opinion, the Reserve's flexible annual travel credits and long list of perks and benefits make it competitive with other premium travel credit cards, like the American Express Platinum and the Citi Prestige. And for frequent travelers looking to upgrade to a premium card, the Reserve offers great value - especially for Sapphire Preferred users.

For more info on how the Reserve balances out that $450 annual fee, head over to our full review. Or, if you've already applied for the Sapphire Reserve, start looking into your next steps for taking full advantage of the card's perks and benefits.

Editorial Note: This content is not provided by Chase. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Chase. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: This content was first published on October 1, 2017. Information including APR, terms and benefits may vary, be out of date, or not applicable to you. Information is provided without warranty. Please check Chase website for updated information.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This site may be compensated through the Advertiser's affiliate programs.

Disclaimer: The information for the Citi Prestige® Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer.

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Chase Sapphire Reserve
Apply for Chase Sapphire Reserve
At Chase's Secure Site
  • Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. Plus, no foreign transaction fees
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
  • Go to issuer's official application, terms, and details
Intro APR for PurchasesIntro APR for Balance TransferRegular APRAnnual Fee
N/AN/A
17.24% - 24.24% Variable
$450

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Chase Sapphire Preferred Review

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