Chase Sapphire Reserve (100,000 Bonus Ending Soon!)
Let's be realistic, traveling is a luxury that many people can't afford. I spend a decent amount of time a day reading articles on peoples travels and come across many discussing how most people don't have this luxury due to funding. I'm not going to pretend that I'm broke, but my ability to travel so often is directly affected by how I save, reward points, and my ability to find cheap accommodations.
Let's touch on my new favorite credit card that is currently offering an outlandish 100k bonus points, the Chase Sapphire Reserve. After being released last year, this Chase card quickly became the top travel rewards card on the market. That being said, January 11th will be the final day that you can apply and still receive the 100k bonus points before it is dropped down to 50k bonus point on the 12th.
The 100,000 rewards points translates into a travel reward valued at $1,500 for people who spend $4,000 on the card within the first three months. The card also offers a ton of other perks, including:
$300 Annual Travel Credit
Each year you'll automatically receive $300 in statement credits as reimbursement for travel purchases such as airfare, hotels, and taxi's on your card. Chase has mastered this credit, you no longer have to submit for the reimbursement and it's automatically taken off as soon as it hits your statement. It even works on Uber!
3X Points on travel and dining worldwide
You will earn 3X points on travel and dining at restaurants, allowing you to earn more points throughout the year. You'll earn 1 point per dollar on all other purchases.
50% more in travel redemption
As many of you know, most travel rewards cards redeem at 100 points per dollar. With the Sapphire Reserve you'll receive 50% more value when you redeem for travel through Chase Ultimate Rewards. 100,000 points are worth $1,500 toward travel versus only $1,000 on other cards.
No foreign transaction fee'sAlthough most travel cards include this now, still a necessary perk to save us money while traveling.
- 1:1 Point Transfer
Transfer your points to leading airline and hotel loyalty programs at 1 to 1 value. Travel partners include British Airways Executive Club, United MileagePlus®, Hyatt Gold Passport®, Marriott Rewards®.
Global Entry or TSA Pre ✓® Fee Credit
I personally use TSA Pre Check which is renewed every four years for approximately $100. The Chase Sapphire Reserve will reimburse you for this every four years, essentially making it free. No more lines!
Complimentary Airport Lounge Access
I've had this perk on multiple cards but struggled to find lounges that actually accepted them. Decided to plug this into my Lounge-Buddy app to see if I could benefit it given Chase claims they have 900+ lounges in over 400 cities. The result was me eating free in every major airport I visited this year. I can't tell you how amazing this is. Flight was delayed in San Fran, I then sat in a lounge eating free sushi and free internet access. Time goes by much faster when you're chilling for free.
Special Car Rental Privileges
I could probably count on one hand how many times I've rented a car, so although this isn't a perk for me it may really benefit you. You'll enjoy special car rental privileges from National Car Rental, Avis, and Silvercar as long as you book with the card.
24/7 Access to Your Worldwide Service Team
I was recently the victim of credit card fraud, which to say the least is a shitty experience. Ticked off that I now have to change all my automatic payments, I now have to call and yell at a damn machine for 20 minutes and hope that it quickly sends me a new card. Machine no longer! With the Chase Sapphire Reserve, you're directly connected to a professional representative who assists you with your requests. A+
Trip Cancellation/Trip Interruption Insurance
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
Auto Rental Collision Damage Waiver
Decline the rental company's collision insurance and charge the entire rental cost to your card. Coverage is primary and provides reimbursement up to $75,000 for theft and collision damage for most rental cars in the U.S. and abroad.
Emergency Evacuation & Transportation
If you or a member of your immediate family are injured or become sick during a trip far from home that results in an emergency evacuation, you can be covered for medical services and transportation, up to $100,000.
Trip Delay Reimbursement
If your common carrier travel is delayed more than 6 hours or requires an overnight stay, you and your family are covered for non-reimbursed expenses, such as meals and lodging, up to $500 per ticket.
Metal CardLast but not least, the card is metal! This may sound like an unnecessary luxury, but have any of you ever broken a card while traveling? Unfortunately I have, and without my card means I'm paying cash. Cash equals no points, and no points equals less travel.
So does this justify the $450 yearly card fee? In my eyes it's an absolute steal. Let's take a deeper dive into the numbers. We will always spend $300 a year on the travel expenses, bringing the $450 fee down to $150. I use the TSA Pre Check which rounds out to a savings of $25 per year, bringing the total down to $125. The travel protection means I no longer have to purchase travel insurance, which last year I spent over $100 alone. With just those three perks I break even, everything else (lounges, 1:1 points transfer, 3X Points, 100k Signup Bonus) are all just a premium for me. Plus, how many cards come in a box like this? Talk about feeling the love...
If you're in the market for a new travel card, I highly recommend signing up for the Chase Sapphire Reserve before January 12th. Enjoy your savings!