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You are aware if you are. Despite charging $550 annually, the Chase Sapphire Reserve® has a sizable fan base. No, none of those supporters are insane. The several worthwhile perks that come with the card have made them eager to pay that charge.
The Sapphire Reserve offers more than simply shiny-looking features, in contrast to certain other cards. It is filled with hundreds of dollars’ worth of extras that can save you money and facilitate your travels.
Getting Ultimate Rewards Points and Using Them
One of the most well-liked flexible credit card rewards programs is Chase Ultimate Rewards®. Do you want your money back? Not an issue. Would you rather use rewards to book a trip? It’s simple. With almost all of Chase’s redemption alternatives, you’ll obtain a reasonable value and, in certain situations, redemption rates that are among the best in the business. That’s a reason to celebrate the benefit.
1. Huge Welcome Bonus
A welcome bonus is a one-time offer, but the Sapphire Reserve’s is substantial enough to tip the odds in favor of the card. At the moment, spending $4,000 on purchases within the first three months of creating an account qualifies you for 60,000 extra points.
Considering that’s potentially worth hundreds of dollars, or even more if you play it strategically, it’s a benefit you won’t want to pass up.
2. Benefits for Dining and Travel
Your credit card’s earning rates have the potential to earn you significant rewards over time. Fortunately, there are other categories in which the Chase Sapphire Reserve® earns bonus points. When booking travel through Chase TravelTM, cardholders receive 5 points for every dollar spent on flights and 10 points for every dollar spent on hotels and vehicle rentals as soon as the first $300 in travel purchases is made each year. Get three points for every dollar spent on eating and other travel, and one point for every dollar spent on other purchases.
3. Bonus of 50% Redemption
Although accumulating points for your purchases is significant, it is not the whole picture. The second part is how you can utilize those points for redemption, and the Sapphire Reserve offers bonuses on some redemptions so you can spend your points even more.
When redeeming prizes, there are two different redemption categories where you can receive a 50% bonus. First off, utilizing your points to make travel reservations through the Ultimate Rewards system will increase their worth by 50% (plus there are no limitation dates). Second, by using Pay Yourself Back to reimburse purchases in specific, recurring categories, you can also receive 50% more value. Your awards are valued at 1.5 cents per point in both scenarios.
