You’ll earn valuable Chase Ultimate Rewards points with each eligible dollar you spend on your Chase Sapphire Reserve. I personally believe that Ultimate Rewards points are the most valuable of all of the major transferable bank points, with transfer partners like World of Hyatt and United Airlines. We value Chase Ultimate Rewards points at 1.75 cents a piece, due to the flexibility their airline and hotel transfer partners provide for booking premium travel.

Here is a full list of Chase Ultimate Rewards airline and hotel transfer partners:

If you don’t understand how to redeem using frequent flyer and hotel programs, you can use your points to book almost any travel directly using Chase Travel℠, where your points are worth 1.5 cents each. You can spend in any interval, but for the ease of explaining it, 10,000 Ultimate Rewards points would book $150 worth of travel.

And Chase also offers a program called Pay Yourself Back, where you can cover certain purchases with your points at a value of 1.25 cents each. Not as good as what you get for travel, but works for some who aren’t currently traveling.

Worst case, you can cash your Ultimate Rewards points out for 1 cent each.

As described above in the Unique Card Benefits of the Chase Sapphire Reserve, you get a full Priority Pass Select membership, which includes unlimited lounge access for you to every Priority Pass airport lounge including up to two guests (additional guests are $27 per visit). Priority Pass experiences (excluding airport restaurant locations) are included. One time enrollment is required.

Chase is also building out their own network of lounges. The flagship is now open at New York’s LaGuardia airport.

If you want the quickly fading benefit of airport restaurants associated with Priority Pass, consider the Venture X Business Card which still includes the benefit as of March 2024.

Auto Rental Coverage

With the Chase Sapphire Reserve, you can not only decline the car rental company’s collision damage waiver when you book and pay with your Card, but rest assured that coverage is Primary. This means that if your rental damage, you would not be forced to first deal with your own auto coverage.

It will be completely taken care of by this coverage, up to $75,000 for theft and collision damage for rental cars in the U.S. and abroad (be sure to check vehicle and country restrictions before traveling). Primary rental car insurance is more rare than you might think! Most are secondary to your own insurance.

Just keep in mind that no CDW/LDW coverage includes liability.

Specific limitations apply to New York residents: Auto Rental Coverage – inside the United States coverage is secondary to Your personal automobile insurance;

You can get a statement credit of up to $120 every four years for Global Entry or TSA PreCheck as reimbursement for the application fee charged to your Chase Sapphire Reserve.

Chase is unique in also covering NEXUS (the Canadian border program) in addition to Global Entry or TSA PreCheck.

It’s easy to offset $300 of your $550 annual fee since the Chase Sapphire Reserve will automatically reimburse you for your first $300 in travel purchases annually.

That includes everything from flights, hotels, and cruises to parking garages and parking meters.

If the store won’t take back an eligible item within 90 days of purchase, Chase will cover you for up to $500 per item (max $1,000 per year).

Extend your U.S. manufacturer’s warranty by an additional year, on eligible warranties of 3 years or less.

Coverage with your Chase Sapphire Reserve is for 120 days against theft or damage.

Limits are up to $10,000 per claim and a maximum of $50,000 per year.

Trip Cancellation/Interruption Insurance

Offers up to $10,000 per person and $20,000 per trip for your pre-paid and non-refundable travel expenses – up to the value put on your Card within the overall limit). Covered situations include sickness, severe weather and more (see benefits guide).

Lost Luggage Reimbursement

Your Checked and Carry–on Baggage each have a maximum benefit up to three thousand ($3,000.00) dollars per Covered Person per Trip.

Both include a sub–limit up to five hundred ($500.00) dollars for jewelry and watches and a sub–limit up to five hundred ($500.00) dollars for cameras and other electronic equipment per Covered Person per Trip. Additional restrictions apply.

New York State Residents: You are additionally limited to $2,000 per bag and $10,000 for all Covered Travelers per Trip.

Trip Delay Reimbursement

If you have purchased common carrier travel with your card (airfare, train fare, etc) and are delayed more than 6 hours or require an overnight stay, you and your family can be reimbursed for unreimbursed expenses, like meals and hotels, up to $500 per ticket.

Emergency Evacuation & Transportation

This benefit covers medical services and emergency evacuation transportation (up to $100,000) when you or a member of your immediate family get sick or are injured far from home..

As you’d expect, there are no foreign transaction fees with the Chase Sapphire Reserve credit card.

Get a tow, jumpstart, tire change, locksmith or gas with your Chase Sapphire Reserve – up to $50 per incident, 4 times a year.

Your Chase Sapphire Reserve gives you access to the Visa Infinite Concierge for help with dinner reservations as well as show and event tickets.

With the Chase Sapphire Reserve, you can call for legal and medical referrals or other travel and emergency assistance. (Please note that you will be responsible for the cost of any goods or services provided.)

Chase Credit Journey will provide free access to your credit score.

Add some heft to your wallet with the Chase Sapphire Reserve, which weighs an impressive 12.6 grams.