While the Chase Sapphire Reserve’s recent fee increase might put off some cardholders, the accompanying suite of benefits and perks will make the card even more attractive to frequent travelers who want to get the most out of a travel credit card.
If you know anything about travel credit cards, you know about the Chase Sapphire Reserve®. This top-of-the-line travel credit card has consistently offered some of the best rewards on the market, and its newest revamp includes new credits, point-earning opportunities and memberships.
These new benefits also come with an increased annual fee – $550 per year. Although the Chase Sapphire Reserve’s fee increase from $450 to $550 might be more than some travel credit card fans care to pay, Chase provides many opportunities for savvy cardholders to offset the increased cost.
Why get this card?
The price of admission for this luxury card is steep, but its large sign-up bonus and generous travel allowance more than make up for the card’s $550 annual fee.
|More things to know:|
Reasons to carry the Chase Sapphire ReserveThe Chase Sapphire Reserve is one of the best travel credit cards for earning high-level points, miles and perks. You’ll earn 3 points per dollar on travel and restaurants, 10 points per dollar on Lyft purchases and 1 point per dollar on all other purchases – and your point value increases by 50% when you redeem those points for travel through Chase Ultimate Rewards.
That said, there’s a lot more to the Chase Sapphire Reserve than its points structure. Cardholders also get access to travel credits, DoorDash credits, Priority Pass lounge access and more. Here’s a rundown of what you can expect:
$300 annual travel credit
Savvy travelers can save a lot of money on future trips by redeeming Chase Sapphire Reserve points for travel through Chase Ultimate Rewards, but they’ll also be able to save money through the Chase Sapphire Reserve’s $300 annual travel credit.
How much are these points and travel credits worth? If new cardholders take advantage of the Chase Sapphire Reserve 50,000 bonus point offer by spending $4,000 in their first three months of card ownership, those points will be worth $750 if redeemed for travel through Chase Ultimate Rewards. Add the $300 annual travel credit, and that’s $1,050 of your travel costs covered.
Global Entry/TSA PreCheck credit
Cardholders looking to save even more money with their Chase Sapphire Reserve card should make sure to claim their Global Entry/TSA PreCheck credit. You’ll receive an application fee credit of up to $100 when you apply for either TSA PreCheck or Global Entry and can re-claim this perk every four years as you renew your Global Entry/TSA PreCheck memberships.
Priority Pass lounge access
If you have the Chase Sapphire Reserve in your wallet, you’re probably a frequent flyer – so pass the time before and between flights more comfortably by taking advantage of the Chase Sapphire Reserve’s Priority Pass lounge access. Your Priority Pass Select membership gets you, any authorized users and two accompanying guests access to airport lounges, restaurants, cafes and markets participating in the Priority Pass Select network. If you’d like to bring additional guests, simply pay $27 per person per visit.
$60 DoorDash credit
Chase Sapphire Reserve cardholders now get a $60 DoorDash credit for 2020 and 2021, making it easy to save money when getting meals delivered through this popular restaurant delivery app. This is one of the Chase Sapphire Reserve’s newest perks, enabling you to save on dining whether you’re traveling or staying at home.
Free DashPass membership
In addition to the $60 DoorDash credit for 2020 and 2021, cardholders will also receive at least one, but up to two free years of DashPass, the DoorDash membership program. DashPass members benefit from zero delivery fees and reduced service fees on DoorDash orders over $12. DashPass membership is generally $9.99 per month, so the Chase Sapphire Reserve’s DashPass benefit can be worth well over $200.
You can enroll in this perk in the DoorDash app, by setting your Sapphire Reserve as your primary payment method.
Free Lyft Pink membership
The last new perk on the Chase Sapphire Reserve card is one free year of Lyft Pink membership. Earn 15% off every Lyft ride you take, plus bonus perks such as priority airport pickup and relaxed cancellation fees. Lyft Pink membership runs at $19.99 per month, so this perk is also worth well over $200.
Like with DashPass, you can sign up for this benefit directly in the Lyft app – once you add your Reserve card to your saved payments.
While the Chase Sapphire Reserve’s recent fee increase might put off some cardholders, the accompanying suite of benefits and perks will make the card even more attractive to frequent travelers who want to get the most out of a travel credit card. If you fly often, take Lyft regularly and order meals through DashPass, the new Chase Sapphire Reserve might turn out to be an excellent addition to your wallet.