I receive compensation for many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. I do not write about all credit cards that are available -- instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
When they launched the Chase Sapphire Reserve card in the second half of 2016 Chase seemed to be clearly overspending to acquire customers. I’ve heard numbers tossed around like an expectation that a customer wouldn’t turn profitable for 7 years.
The premium card space has become competitive which is great for customers. And this has been the ‘it’ card ever since it first came out.
- Signup bonus They’re offering a generous 50,000 point signup bonus (after $4000 spend within 3 months of account opening).
Singapore Airlines A380 Suites
- Triple points on travel and dining. This card earns triple points on travel and dining, and one point per dollar on everything else. I used to think that double points on travel and dining from the Chase Sapphire Preferred Card was huge and it is — these are great categories for anyone who travels frequently.
It’s the ideal card for someone who travels for work and pays for expenses themselves and can be reimbursed. It’s the ideal card for someone who travels for leisure out of pocket and spends even $1000 a month in these categories.
Korean Air is a Points Transfer Partner
- $300 travel credit. You’re paying a $450 annual fee but you’re going to get $300 of that back pretty much straight off the bat. That’s because the card has a $300 travel credit. You get rebated for pretty much anything that’s travel, no need to mess around with picking an airline or figuring out what counts as a fee. And the rebates are automatic.
Here are the merchant types Chase says count as travel,
Merchants in the travel category include airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages.
It has to actually code as travel, and vacation rental properties may not for instance. Chase warns about “in-flight goods and services, on-board cruise line goods and services, sightseeing activities, tourist attractions, merchants within airports, and merchants that rent vehicles for the purpose of hauling” as examples of things that might not trigger the rebate. In addition “the purchasing of points or miles does not qualify in this category.”
Buy an airline ticket, stay at a hotel, use this as the default payment card for Uber or Lyft and you’re reducing your effective cost for the card significantly. The travel credit runs with your cardmember – or annual fee – year.
- $100 Global Entry credit. Global Entry is fantastic skipping the immigration and customs queues when you return to the U.S. And I haven’t missed getting PreCheck for airport security since signing up for Global Entry except for getting SSSS’d for extra screening in Paris, my connecting boarding pass printed without PreCheck (but reprinting the connecting boarding pass in the states gave it to me anyway).
You can get a statement credit of up to $100 for Global Entry applications (which cost $100) or TSA PreCheck applications (which cost $85). This is good once every four years, while your status is valid for five years.
I already had PreCheck when I got my Sapphire Reserve Card so I gave away my Global Entry credit. I just had someone else use my card to pay their application fee and it was rebated right back to me.
- Unlimited visit Priority Pass Select for airport lounge access. Priority Pass Select is a card that gets you into lounges around the world. You don’t have to belong to an individual lounge program, this program works to have lounges in most of the places you go.
Your Chase Sapphire Reserve Card comes with Priority Pass Select. You get unlimited visits to participating lounges, and each time you go you get unlimited guests (subject to lounge capacity) included as well.
Priority Pass has over 1000 participating lounges around the world. As I write this there are about 60 participating places in airports around the U.S. where you’ll have benefits.
- Unlimited lounge access for authorized users If you were to buy a Priority Pass membership with unlimited visits and no free guests it would run $399 per year. Your Priority Pass comes with unlimited visits and guests.
And you can add authorized cardmembers to your account (each is a $75 annual fee) and each is entitled to their own Priority Pass card with the same unlimited visits and guests.
- Points that are worth 1.5 cents apiece towards paid travel. I prefer to transfer my points to frequent flyer miles, but you can always straight up buy the flights you want at a value of 1.5 cents apiece. That’s your worst case scenario, and paid flights of course earn elite qualifying miles (hotels booked through the Chase portal don’t earn elite qualifying credit with their chains).
If you’re earning 3 points per dollar on travel and dining and spending those points for paid flights you’re getting a 4.5% rebate which is pretty great.
- Points that transfer to a variety of airlines. Points transfer to United, British Airways, Air France KLM, Southwest, Singapore, Korean, Virgin Atlantic, Iberia, and Aer Lingus.
That covers all three airline alliances, and it covers airlines outside alliance and they too have partners beyond the alliances. Put another way you can access most of the flights you’d want to redeem for with Chase points, and often at lower points prices than you’ll think (like spending 40,000 Korean Air points for roundtrip first class to Hawaii).
Redeem 120,000 Virgin Atlantic Miles for Roundtrip ANA First Class
- Points transfers to hotels but really just Hyatt. You can move points to Hyatt, Marriott, Ritz-Carlton, and IHG Rewards Club. The really great value there is Hyatt. Since all the transfers are 1:1 and the other currencies are a bit more inflated, you really want to focus on Hyatt for your hotel redemptions.
Park Hyatt Sydney
- Combine points from other Chase cards — and make the points more valuable. I use a (no annual fee) Chase Freedom Unlimited card to supplement this. I put much of my unbonused spend on that card, it earns 1.5 points per dollar – period. You can transfer those points to Sapphire Reserve card to make them even more valuable. That way you’ll earn 3x on travel and dining, and 1.5x on most everything else.
You can also move the points to Sapphire Reserve and spend them at 1.5 cents apiece (instead of just a penny) through the Chase portal towards paid travel in addition to transferring them to miles and points.
- Primary collision damage waiver for rental cars decline your rental company’s collision coverage and you get up to $75,000 in coverage — so if you ding the car your own insurance may not even need to know.
- Baggage Delay if your bags are lost for more than 6 hours you can get up to $100 a day for 5 days reimbursed, save those receipts for purchases of essential items.
- Trip Delay Coverage if your flight is delayed more than 6 hours — or overnight —
you get up to $500 per ticket in expenses like hotel, meals, and ground transportation.
- Trip Cancellation or Interruption if it’s a once in a lifetime trip you couldn’t replace you may still want trip insurance, but you can get reimbursement up to $10,000 for trips cancelled or ended early due to sickness, severe weather and other covered events.
- Roadside assistance benefit covering a tow, locksmith, gas, tire change, or jump start up to 4 times per year, up to $50 each time. You may no longer need to keep paying for AAA unless you want it for the hotel discounts.
- Discount golf.
The Golf Club at Lansdowne
- 30% off a 2+ day rental with Silvercar using promo code VINFINITE