Chase Sapphire Reserve: 2024 Full Benefits Guide
It’s no surprise that the Chase Sapphire Reserve® card is one of the most popular travel credit cards on the market. Packed with high-value benefits, including travel credits, complimentary memberships and rewards on every purchase, this card is ideal for frequent travelers.
When compared to other travel rewards cards, the Chase Sapphire Reserve® also offers some of the most generous travel and purchase protections available. Cardholders get trip delay reimbursement, lost luggage reimbursement and return protection.
Although the Chase Sapphire Reserve® charges a $550 annual fee, you can easily make up for it by taking advantage of the full range of benefits.
We put together a comprehensive list of Chase Sapphire Reserve® benefits to help you get the most value out of your card.
Chase Sapphire Reserve® travel benefits
The Chase Sapphire Reserve® provides a variety of valuable benefits that can help offset the cost of travel, including an annual travel credit and complimentary airport lounge membership.
$300 annual travel credit
Each account anniversary year, automatically receive up to $300 in statement credits as reimbursement for travel purchases charged to your card.
Global Entry, TSA PreCheck or NEXUS fee credit
Every four years, get one statement credit of up to $100 as reimbursement for a Global Entry, TSA PreCheck or NEXUS application fee charged to your card.
Priority Pass™ Select membership
Receive Priority Pass™ Select membership, which includes complimentary access to more than 1,300 airport lounges around the world for you and up to two accompanying guests ($27 for each additional guest per visit). Amenities include free refreshments, Wi-Fi and more. One time activation is required.
$0 foreign transaction fees
You won’t be charged additional fees when you use your Chase Sapphire Reserve® card to make purchases outside of the U.S.
The Luxury Hotel & Resort Collection℠
Access exclusive benefits at a variety of hand-selected hotels and resorts worldwide through the Luxury Hotel & Resort Collection, including complimentary room upgrades, early check-in, late checkout and more.
Chase Sapphire Reserve® dining benefits
Along with earning points on restaurant purchases, delivery services and takeout, the Chase Sapphire Reserve® offers the following dining benefits:
DashPass membership
Receive a complimentary 12-month membership to DashPass from DoorDash when you activate by Dec. 31, 2024. This benefit provides $0 delivery fees and lower service fees on eligible orders through DoorDash and Caviar.
Also get $5 in DoorDash credits each month through Dec. 31, 2024, redeemed at checkout.
Instacart+ membership
Get a complimentary 12-month membership to Instacart+ when you activate by July 31, 2024. You won’t have to pay a delivery fee on Instacart orders that meet a minimum subtotal (currently $35).
Chase Sapphire Reserve® protections
From complimentary trip interruption insurance to reimbursement for trip delays, the Chase Sapphire Reserve® offers a variety of benefits that protect you when you use your card to shop and book travel.
Travel protection and insurance
Trip cancellation and interruption insurance
Chase will reimburse you up to $10,000 per person and $20,000 per trip for any prepaid, nonrefundable travel expenses that have to be canceled or cut short because of unforeseen circumstances like illness, severe weather and other qualifying situations.
Trip delay reimbursement
If you experience a travel delay from a common carrier, like an airline, train or bus, that lasts more than six hours or requires an overnight stay, you can be reimbursed up to $500 per ticket.
Emergency evacuation and transportation
If you or an immediate family member experiences an illness or injury during a trip far from home, you can be covered for up to $100,000 worth of medical and transportation expenses.
Travel accident insurance
Chase offers accidental death or dismemberment coverage of up to $1,000,000 for you or your beneficiaries when you purchase your air, bus, train or cruise transportation using your card.
Baggage delay insurance
If your bag is delayed for more than six hours Chase will reimburse you for essential items like toiletries and clothing up to $100 per day for five days (worth up to $500).
Roadside assistance
Chase provides up to $50 per incident four times a year for roadside emergencies (up to $200 value). This allows you to call for a tow, jumpstart, tire change, locksmith or gas.
Auto rental collision damage waiver
Chase offers a reimbursement up to $75,000 toward theft and collision damage when you decline the optional rental car insurance provided by the rental car company and charge the cost of your rental car to your Chase Sapphire Reserve® card.
Shopping protections
Purchase protection
If a new purchase you charged to your Chase Sapphire Reserve® is stolen or damaged within 120 days of purchase, Chase will reimburse you up to $10,000 per item, up to a maximum of $50,000 per year.
Return protection
If a retailer won’t accept a return within 90 days of your purchase, Chase may reimburse you up to $500 per item, up to a maximum of $1,000 per year.
Extended warranty protection
Chase will extend the time period of any eligible U.S. manufacturer’s warranty of three years or less by one additional year.
How to earn Chase Sapphire Reserve® rewards
Sign-up bonus
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening..
Rewards on travel
Chase Sapphire Reserve® cardholders earn 5x points on flights and 10x points on hotels and car rentals purchased through Chase Ultimate Rewards® after the first $300 is spent on travel purchases annually.
Additionally, earn 3x points on other travel worldwide after the first $300 is spent on travel purchases annually.
Rewards on dining
The Chase Sapphire Reserve® card offers 10x points on Chase Dining purchases with Ultimate Rewards®, as well as 3x points on other dining at restaurants, including eligible delivery services, takeout and dining out.
Points on Lyft rides
Earn 10x points on Lyft rides through March 31, 2025 when you use your Chase Sapphire Reserve® card.
How to redeem Chase Sapphire Reserve® rewards
50% more rewards value
If you redeem your points for travel through Chase Ultimate Rewards®, you’ll get 50% more value from those points. For example, if you have 60,000 rewards points available, you’ll get up to $900 toward travel.
1-to-1 points transfer
Chase Ultimate Rewards® points can be transferred to a number of airline and hotel loyalty partners at a rate of 1 to 1.
Travel partners include Air Canada Aeroplan, Aer Lingus AerClub, British Airways Executive Club, Emirates Skywards, Flying Blue Air France KLM, Iberia Plus, JetBlue TrueBlue, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, IHG Rewards Club, Marriott Bonvoy and World of Hyatt.
Additional rewards redemption options
In addition to travel, you can redeem your points for statement credits, gift cards or products and services.
Pros and cons of the Chase Sapphire Reserve® card
| Pros | Cons |
|---|---|
Generous sign-up bonus $0 foreign transaction fees $300 annual travel credit | High annual fee No intro APR on purchases or balance transfers Low rewards value on purchases outside of dining, online grocery purchases and travel |
Is the Chase Sapphire Reserve® credit card worth it?
Despite its hefty annual fee, the Chase Sapphire Reserve® card offers generous rewards and benefits to both frequent and occasional travelers that can far outweigh the cost. From travel protections that could save you hundreds or even thousands of dollars in unplanned expenses to generous travel credits, cardholders stand to get a lot of value from the Chase Sapphire Reserve®.
That said, if you’re looking for a travel credit card with similar benefits and a much lower annual fee of $95, the Chase Sapphire Preferred® Card is a great alternative.
Responsible use of rewards credit cards can help build a positive credit history. Pay your account on time every month and strive to keep your balances low relative to your credit limit. Additionally, maintain a good mix of credit accounts and keep your applications to a minimum. Note that building a higher average age of account is often easier when you have no fee or low-fee rewards cards.
Most rewards credit cards allow cardholders to carry a balance on the card from month to month. But keep in mind that if the card does not offer a 0% introductory APR, interest charges can negate the rewards you are earning with the card. For example, if you earn 2% in cash back for a purchase, but are assessed interest on any unpaid balance, you’re losing money instead of saving money.
No, credit card rewards are considered a refund on the amount you spend. Because of this, the IRS does not require consumers to pay taxes on credit card rewards.
Chase’s unwritten 5/24 rule prevents you from being approved for a new Chase card if you have opened five personal credit cards from any issuer in the last 24 months.
The points do not expire as long as your account remains open and in good standing.
The Chase Sapphire Reserve® card is made out of metal.
Chase offers 24/7 access to customer service. Talk to a dedicated specialist anytime you need assistance by calling the number on the back of your card.
The information related to the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card has been collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication. Terms apply.
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