Chase Sapphire Reserve Benefits & Perks

When the Chase Sapphire Reserve® was first launched in 2016, it took the credit card world by storm. The card’s initial welcome bonus of 100,000 Ultimate Rewards points, the flexible travel credits, the lucrative earning rates and the valuable travel protection benefits raised the bar for other ultra-premium cards.

The welcome bonus isn’t the only reason to get and keep the card. The card’s benefits and perks are still among the best in the business, and its annual fee can be offset by an array of valuable credits and great earning and redemption opportunities.

The card is subject to Chase’s 5/24 rule, and you need to be under 5/24 to be approved for the Chase Sapphire Reserve®.

Let’s look at some of the best Chase Sapphire Reserve® benefits and perks.

Generous Welcome Bonus

Chase has lots of valuable transfer partners, such as World of Hyatt, Air Canada Aeroplan and United MileagePlus. The welcome bonus alone is enough to book one round-trip flight in economy to Europe or take a family of three to Hawaii.

Hyatt is one of our favorite hotel chains because you can book some amazing properties in the U.S. and all over the world with the World of Hyatt points. The points earned with the welcome bonus alone is enough to book 10 or more nights at Hyatt’s low-end properties. Or you can splurge and book a couple of nights at a beautiful beachfront all-inclusive property.

$300 Travel Credit

You can get reimbursed for up to $300 in travel purchases made with your Chase Sapphire Reserve® each anniversary year. Keep in mind that the first $300 in travel purchases don’t earn rewards points.

The $300 credit is easy to use and doesn’t have to be used up in a single transaction. You can make one purchase of $300 or multiple smaller purchases in eligible travel categories.

Chase has a broad definition of travel, and eligible purchases include the following:

• Airlines
• Campgrounds
• Car rental agencies
• Cruise lines
• Discount travel sites
• Hotels and motels
• Operators of passenger trains, buses, taxis, limousines and ferries
• Parking lots and garages
• Timeshares
• Toll bridges and highways
• Travel agencies

Global Entry, Nexus or TSA PreCheck Fee Credit

The card comes with statement credit to help with the cost of Global Entry/TSA PreCheck.

Just pay for your application with the Chase Sapphire Reserve® and receive a $120 statement credit. You can pay for anyone’s application, so if you already have Global Entry or TSA PreCheck, use the card to pay for your renewal fee or pay for a friend’s or a family member’s application.

No Foreign Transaction Fees

Purchases made with the Chase Sapphire Reserve® don’t incur foreign transaction fees.

This applies to purchases made when you’re traveling internationally and to purchases made in a foreign currency from the U.S. when you pay for local train tickets, tours or international online stores.

Foreign transaction fees could be an unpleasant surprise, but when you pay with the Chase Sapphire Reserve®, you save 1 to 3% of the total purchase amount on fees.

When you use a credit card with no foreign transaction fees outside of the U.S., make sure to pay in local currency. You’ll usually get a more favorable conversion rate from Chase than from the bank that is processing the payment.

Transfer Points to Travel Partners

Chase Ultimate Rewards points are one of our favorite transferable points. You’ll get the most value out of your Ultimate Rewards when you transfer them to one of the travel partners.

Chase’s airline transfer partners include airlines in all major airline alliances, as well as non-alliance airlines like Southwest Airlines and Virgin Atlantic:

• Aer Lingus AerClub
• Air Canada Aeroplan
• Air France-KLM Flying Blue
• British Airways Executive Club
• Emirates Skywards
• Iberia Plus
• JetBlue TrueBlue
• Singapore Airlines KrisFlyer
• Southwest Airlines Rapid Rewards
• United MileagePlus
• Virgin Atlantic Flying Club

You can travel anywhere in the world if you have a good stash of Ultimate Rewards.

Chase Ultimate Rewards also transfer to three hotel partners:

• IHG Rewards Club
• Marriott Bonvoy
• World of Hyatt

Chase Travel Portal Redemption

Chase Travel℠ is now powered by Points Boost, offering a dynamic way to redeem your rewards. You can get significantly more value—up to 2x—when booking select premium airline tickets and hotel stays, including properties in The Edit by Chase Travel. This can be a huge advantage for luxury bookings.

For travel that isn’t part of a Points Boost offer, points are now redeemed at a 1-cent-per-point value. This is a change from the previous flat rates, so it’s more important than ever to compare the portal price with what a transfer partner would charge for the same flight or hotel stay to ensure you’re getting the best deal.

Combine Points

Chase lets you combine points from multiple Ultimate Rewards-earning accounts into one account. You’d want to do this if you have other Ultimate Rewards points-earning cards. So, if you hold the $0 annual fee Chase Freedom Flex® or Chase Freedom Unlimited® cards, you’ll need to combine points earned with these cards with points earned with your Sapphire Reserve before you can use them for travel.

The points earned with a business card, including the $0 annual fee cards, such as the Ink Business Cash® Credit Card or the Ink Business Unlimited® Credit Card, can also be combined with the points earned with a personal card and used for travel.

You can also combine points among family members who live at the same address.

Priority Pass™ Select membership

It’s no secret that airport lounge access can make the travel experience a lot more enjoyable.

The Chase Sapphire Reserve® provides one of the most comprehensive lounge access benefits available. Your card gets you access to the exclusive Chase Sapphire Lounge by The Club locations, where you can bring up to two complimentary guests.

Additionally, the card comes with a complimentary Priority Pass™ Select membership. This gives you and up to two travel companions free access to more than 1,300 airport lounges and participating restaurants worldwide. As an added benefit, cardmembers can also access select Air Canada Maple Leaf Lounges and Air Canada Cafés in the U.S., Canada and Europe with an eligible Star Alliance boarding pass. Remember that Priority Pass requires a one-time activation through the card benefits page.

Rental Car Coverage

One of the most valuable benefits of the Chase Sapphire Reserve® is the auto rental collision damage waiver. To take advantage of this benefit, you’ll need to decline the rental company’s collision insurance and charge the entire rental cost to your card.

The coverage is primary and provides reimbursement up to the actual cash value of the vehicle for theft and collision damage for most rental cars in the U.S. and abroad. The cardholder and any additional drivers authorized by the rental agreement are covered for up to $75,000 for car rentals up to 31 days.

When you have primary coverage through the credit card, you don’t need to file a claim with your personal auto insurance if you incur damages to the rental car.

Keep in mind that rental car coverage doesn’t apply to specialty vehicles or car sharing platforms like Turo.

Trip Cancellation and Trip Interruption Insurance

The Sapphire Reserve is a great card to take with you on your travels. But what makes this card really shine is the trip cancellation and interruption insurance. Insurance coverage that comes with the card kicks in if your trip is canceled or interrupted because of sickness, severe weather or other covered situations.

Trip interruption insurance will reimburse you up to $10,000 per person and up to $20,000 per trip for prepaid, non-refundable travel expenses. This includes airfares, tours and hotels.

If you need to cancel a trip at the last minute due to an illness (yours or a family member’s), you’ll be eligible to be reimbursed for non-refundable travel expenses.

Trip Delay Reimbursement

If your trip on a common carrier is delayed more than six hours or overnight, you and your family are covered for unreimbursed expenses, such as meals and lodging, for up to $500 per person. To take advantage of this benefit, you’ll need to pay for your ticket, or at least a portion of your ticket, with your Sapphire Reserve.

This benefit also works on award tickets booked with points and miles if you pay the taxes and fees with your Sapphire Reserve.

Baggage Delay Insurance and Lost Luggage Reimbursement

If your bags are delayed by more than six hours, the Chase Sapphire Reserve card will cover essential purchases like toiletries and clothing up to $100 per day for five days.

To be eligible for baggage delay insurance, the trip must be paid for with your Chase Sapphire Reserve. This benefit also works on trips booked with points and miles, so just pay the taxes and fees with your card.

The lost luggage benefit provides reimbursement for the difference between the actual cash value (replacement cost minus depreciation) and any reimbursement provided by the common carrier for the costs incurred to repair or replace your checked bag or your carry-on due to loss, damage or theft occurred during a trip up to $3,000 per covered person per trip.

Travel Accident Insurance

When you use the Chase Sapphire Reserve® to pay for at least part of the trip cost, you’re eligible for accidental death or dismemberment coverage of up to $500,000. The coverage includes loss of speech, sight or hearing experienced on a covered trip. The cardholder and the immediate family members are covered, even if the cardholder isn’t traveling with them.

Emergency Evacuation and Transportation

If the cardholder, cardholder’s spouse or eligible children are injured or become ill while traveling, resulting in emergency evacuation, the emergency evacuation and transportation benefit will cover necessary emergency evacuation and transportation expenses up to $100,000.

The trip must’ve been purchased with the Chase Sapphire Reserve® to be eligible for this coverage, and the coverage will apply in excess of the personal or travel insurance that applies.

Roadside Assistance

Roadside assistance covers the cardholder driving their own vehicle or any other vehicle with the permission of the owner up to a maximum of $50 for each service event, up to four events per year.

The services covered include towing, jump starting the car, tire changing, lockout assistance and fuel delivery if you run out of gas on the road.

Purchase and Return Protection

When you purchase an item with the Chase Sapphire Reserve®, it’s protected from theft and damage for the first 120 days up to $10,000 per claim and up to $50,000 per account per year.

If you’d like to return something you bought with the card and the retailer wouldn’t allow a return for a refund, exchange or credit within 90 days from the date of purchase, return protection provides reimbursement for the purchase price up to $500 dollars per item with an annual maximum of $1,000 per account.

Extended Warranty Protection

When you purchase something with your card, the card’s extended warranty protection will extend the warranty coverage by one additional year on original eligible warranties of three years or less up to a maximum of $10,000 dollars per claim and a maximum of $50,000 per account.

Some items, such as aircraft, boats, cars or other motorized vehicles, as well as used items or items purchased for resale, aren’t covered.

DoorDash Benefits

The Chase Sapphire Reserve® card holders get complimentary DashPass membership, which includes no delivery fees and lower service fees on eligible orders. You’ll need to activate this benefit by Dec. 31, 2027.

DashPass members also get access to up to $25 in monthly promos, which includes a $5 restaurant promo and two $10 promos to spend on groceries, beauty, electronics and more. These promos must be applied at checkout each month and do not roll over.

Luxury Hotels Benefits

A standout new hotel benefit is access to The Edit, a handpicked collection of over 1,000 luxury hotels and resorts. When you book a prepaid stay of at least two nights through The Edit, you’ll receive up to $500 in annual statement credits ($250 from January-June and $250 from July-December). On top of the credit, you’ll enjoy complimentary perks like a $100 property credit, daily breakfast for two, and room upgrades when available.

Cardholders can also continue to enjoy special benefits at a variety of properties worldwide when they book through Chase’s classic Luxury Hotel & Resort Collection, as well as with partners like Relais & Châteaux and Ennismore. These benefits often include daily breakfast for two, property-specific credits, and potential room upgrades or late check-out.

Final Thoughts

The Chase Sapphire Reserve® comes with a long list of benefits that make travel more comfortable. The card’s travel protection benefits and the rental car coverage are among the best in the business.

All the benefits combined, including various credits, like the $300 yearly travel credit, Global Entry and DoorDash help offset the $795 annual fee.