The Chase Sapphire Reserve car rental benefits include $75,000 in rental car insurance plus free upgrades and discounts from National Car Rental, Avis, and Silvercar. Chase Sapphire Reserve also gives 10 points / $1 spent on car rentals and other travel-related purchases. It is one of the best credit cards for car rentals as a result.
Here are Chase Sapphire Reserve car rental benefits:
Rental car insurance. You get complimentary coverage for damage to or theft of rental cars. Chase will pay up to $75,000 per incident. To get this benefit, just pay for the entire rental with your Chase Sapphire Reserve card or Chase Ultimate Rewards points, and then decline the rental agency’s insurance.
Beware of restrictions, though. For example, coverage doesn’t apply to antique vehicles, trucks or motorcycles. And you won’t be reimbursed for off-road or drunk driving, among other illegal situations. Be sure to read your benefits guide for the full details.
Special deals at agencies. National Car Rental, Avis, and Silvercar all offer special privileges to customers who rent using a Chase Sapphire Reserve. Log in to your Chase Ultimate Rewards account, then click the “Travel Benefits” page and find the “Special Car Rental Privileges” section. You might get free car upgrades, discounts on rentals and other promotional offers.
10 points / $1. These points are worth 1.5 cents each toward travel when you redeem through Chase Ultimate Rewards.
$300 travel credit. Chase reimburses your first $300 in travel costs per year, including money you spend at car rental agencies.
Altogether, the Chase Sapphire Reserve car rental benefits help you earn more points, save money with special deals and protect your finances with insurance. And they come at no extra cost.
But whether these benefits and the rest of Chase Sapphire Reserve’s perks are worth the card’s $550 annual fee is the real question. The much cheaper Chase Sapphire Preferred® Card has the same insurance coverage but only gives 5 points / $1 on travel and lacks a travel credit. It costs $95 per year.
Chase Sapphire Reserve is worth its $550 annual fee for frequent travelers who spend at least $4,000 in the first 3 months and qualify for the card’s initial bonus of 50,000 points.
Travelers will get a lot of value out of Chase Sapphire Reserve because it comes with a $300 annual travel credit. This card also offers a total of 10 points per $1 spent on hotels and car rentals booked through Chase, a total of 10 points per $1 spent on prepaid restaurant reservations or takeout orders made through Chase, a total of 5 points per $1 spent on flights purchased through Chase, 3 points per $1 spent on all other travel and dining purchases, and 1 point per $1 on all other purchases. There are several types of travel insurance, too, including a $1 million benefit for serious injury or death, plus a Priority Pass Select airport lounge membership that would usually cost $429 a year.… read full answer
But all those features are only worth it if you travel frequently and have the excellent credit needed to get approved for Chase Sapphire Reserve. And after the first year, you’ll have to spend enough – or utilize enough of the card’s perks – to make it worth owning. For example, if you make the most of the Priority Pass membership ($429 annual value), along with the $300 annual travel credit, you’d recoup the entire annual fee. That shouldn’t be hard for frequent travelers to do every year. And the more benefits you take advantage of, the less you need to spend to break even.
Finally, in order for Chase Sapphire Reserve to be worth it, it’s important to pay the bill in full each month. Otherwise, you’ll end up paying 15.99% - 22.99% (V) interest on the unpaid balance, which will decrease the overall value of the card’s perks and rewards.
More moderate spenders who still want a Chase travel card with a solid complement of travel-friendly features may prefer the Chase Sapphire Preferred® Card. It has an initial bonus of 60,000 points and gives 5 points per $1 spent on travel purchased through Chase, 2 points per $1 on all other travel purchases, 3 points per $1 on dining and online grocery purchases, 3 points per $1 on select streaming services, and 1 point per $1 on all other purchases. Points are worth just 1.25 cents each toward travel, compared to Chase Sapphire Reserve’s 1.5, but Chase Sapphire Preferred® Card’s annual fee is only $95.
Chase Sapphire Reserve travel insurance includes $1 million in travel accident insurance and up to $20,000 in coverage for cancelled or interrupted trips. There’s also up to $3,000 per passenger for lost luggage, plus coverage for trip delays, emergency medical and dental expenses, and delayed luggage. The Sapphire Reserve card has the most travel insurance of any credit card on the market as a result.… read full answer
Chase Sapphire Reserve travel insurance is free. It covers you and immediate family members on the same reservation from the time you leave on a trip until you return. You must pay for at least part of your travel with the Chase Sapphire Reserve card or Chase rewards points to be eligible.
Types of Chase Sapphire Reserve Travel Insurance:
Travel accident insurance: This benefit pays up to $1 million for death or serious injuries during transit. There’s also up to $100,000 in coverage for the duration of your trip, not just during transit.
Trip cancellation/interruption insurance: You can get up to $10,000 per person and $20,000 per trip for unforeseen cancellations. This benefit only refunds prepaid, non-refundable travel expenses.
Trip delay reimbursement: This covers you for up to $500 per ticket. You’re reimbursed for necessary expenses if travel is delayed for more than six hours.
Lost luggage reimbursement: If your luggage is lost or stolen, you can get up to $3,000 per person per trip.
Baggage delay insurance: If your bags arrive more than 6 hours late, you’re covered up to $100 per day for up to 5 days. The reimbursement is for any essentials you’re forced to purchase, such as toiletries and clothing.
Emergency medical and dental benefit: Chase Sapphire Reserve will also pay up to $2,500 in emergency medical or dental work per trip. A $50 deductible applies. You must be at least 100 miles away from your home.
Emergency evacuation and transportation: If you or a family member become sick or injured during a trip and need to be evacuated, you can receive up to $100,000 in reimbursement for medical services and transportation costs.
If a covered event occurs, you’ll need to submit a claim. The first step is calling the Benefit Administrator at (888) 675-1461 to ask for a claim form. You’ll need to do this anywhere from immediately after the covered incident occurs to within 90 days. The timeframe depends on the benefit.
You get the standard Auto Rental Collision Damage Waiver, and Loss Damage Waiver. I'm pretty sure theft is also covered.
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