Carrying cash is no longer necessary when you have a credit card that allows you to make large purchases that you would not have otherwise paid for. Reward points have become the main incentive to use credit cards, but like any other product, no credit card is similar to another. The Chase Sapphire Reserve card comes with an annual fee of $ 450, but the benefits it provides are worth it. Let’s take a look at some of the benefits of Chase Sapphire Reserve that you can take advantage of, as highlighted in UpgradedPoints.
1. Useful in emergencies
Traveling to new places is exciting, but the excitement soon dies when you realize that you left your wallet in the car you jumped in and therefore don’t have your cash and credit card. With a Chase Sapphire Reserve card, these situations shouldn’t bother you because in addition to offering all the benefits that come with a Visa Signature card, this credit card is a Visa Infinite card that also provides you with travel insurance.
2. 1: 1 Points Transfer to Chase Partners
Booking hotels and flights is what travel arrangements entail, and when you choose to redeem your points with one of Chase’s partners, you can enjoy a 1: 1 transfer ratio. Best of all, transfers take no time to complete; it is almost instantaneous or at most it takes two days. However, you need at least 1,000 points for each transfer, and when the process is complete, the points will go directly to your account with the Chase travel partner.
3. Car rental
Just because you can’t drive your beautiful car wherever you go doesn’t mean you have to put up with bus schedules or rent a car in a sorry state. With your Chase Sapphire Reserve card, you can choose a high-end vehicle for those formal occasions you plan to attend, once you join Emerald Club Executive status. If you sign up with Avis, you get 30% off qualifying rentals when you use a special code, while Silvercar allows you to save up to 20% on qualifying rentals, when you pay with your card. Plus, even if you’re only looking for a car rental for one day, you’ll still enjoy the discounts.
4. Insurance for interruption or cancellation of the trip
Sometimes, no matter how well you have planned your trip, it needs to be canceled, and in that case, this card covers the additional cost you had when planning your trip. If you had used your Chase Sapphire Reserve card to purchase additional travel insurance and prepay for a tour, you will be reimbursed. Also, if a covered loss occurs on your way to departure or after takeoff and the trip must be interrupted, you get coverage for the interruption. If you are a frequent traveler, you should be aware that it only covers $ 40,000 for a 12-month period and is limited to $ 10,000 per trip.
5. Reimbursement for travel delay
If you had used your Chase Sapphire Reserve card to purchase a ticket, but unfortunately, your flight is delayed for at least 6 hours and results in you staying overnight, then you will be reimbursed $ 500. The amount is intended to cover the Expenses such as toiletries, meals, and hotel charges, which you must incur while waiting for your flight to take off. However, the trip you had paid for has to be less than 365 days and outside your city of residence.
6. Travel accident insurance
The Chase Sapphire Reserve card offers two types of travel accident insurance, namely 24-hour travel accident insurance and common transportation travel accident insurance. For public transportation insurance, the maximum coverage is $ 1,000,000 per death, while any other injuries sustained while driving, alighting, or boarding your preferred method of travel will be paid based on the extent of the injury. 24-hour travel accident insurance covers only $ 100,000 per death, while injury pay also depends on your scope. It also covers you from the start of the journey to the end.
7. Medical and dental emergencies
Getting sick on vacation is one of the worst things that can happen to put you off, but the Chase Sapphire Reserve card assures you that you will be well taken care of; as long as you have used the card to buy your ticket. It only covers the cardholder, dependents under the age of 18 or 25 if they are full-time students, and the cardholder’s spouse. The maximum you can get is $ 2,500, but if your doctor prohibits you from traveling until you feel better, then the card also covers up to $ 75 per day for lodging expenses.