Credit CardsArticles
How Does LendingTree Get Paid?
| Advertising Disclosure

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Advertising Disclosure

LendingTree is an advertising-supported comparison service. The site features products from our partners as well as institutions which are not advertising partners. While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products. We are compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order).

Chase Sapphire Reserve: 2022 Full Benefits Guide

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

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.

The Chase Sapphire Reserve® card also offers some of the most generous travel and purchase protections available from a rewards card, such as 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 that price tag by taking full advantage of the full range of benefits.

We put together a comprehensive list of Chase Sapphire Reserve® benefits to help you understand how to best utilize this card to get the most value.

 

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 in over 500 countries for you and up to two accompanying guests ($27 for each additional guest per visit). Amenities include free refreshments, WiFi 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 check-out 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.

Gopuff credit

Get a $10 monthly statement credit from Gopuff – which delivers drinks, snacks and other household essentials to your home – through Dec. 31, 2023.

Chase Sapphire Reserve® protections

From complimentary trip interruption insurance options 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 pre-paid non-refundable travel expenses that have to be canceled or cut short from 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 will be reimbursed up to $500 per ticket for you and a co-traveler (up to $1,000 total).

Emergency evacuation and transportation

If you or an immediate family member experiences an illness or injury during a trip away 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 for you or your beneficiaries of up to $1,000,000 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 $100 per day up to 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 for rental cars 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, 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. That's $900 toward travel when you redeem through Chase Ultimate Rewards®.

Rewards on travel

Chase Sapphire Reserve® cardholders earn 5x points on flights and 10x points on hotels and car rentals 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 a 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

ProsCons

  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, grocery purchases and travel

Is the Chase Sapphire Reserve credit card worth it?

| Disclosures
Chase Sapphire Reserve®
Chase Sapphire Reserve®
on Chase's secure site
N/A
20.74% - 27.74% Variable
$550
5x points on flights and 10x points on hotels and car rentals
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
  • Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $900 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority PassTM Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
750 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.


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 the card’s travel protections that could save you hundreds or even thousands of dollars in unplanned expenses to the card’s generous travel credits, cardholders stand to get a lot of value by simply taking advantage of the card’s benefits.

That said, if you’re looking for a travel credit card with similar benefits and a much lower, $95 annual fee, the Chase Sapphire Preferred® Card is a great alternative.

| Disclosures
Chase Sapphire Preferred® Card
Chase Sapphire Preferred® Card
on Chase's secure site
N/A
18.99% - 25.99% Variable
$95
5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself BackSM, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
750 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appears on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

Frequently asked questions

Responsible use of rewards credit cards can help build a positive credit history. You must 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. And 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 – 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.

 

Recommended Reading