The Chase Sapphire Reserve Global Entry benefit refunds the Global Entry program’s $100 application fee, whether you’re approved or not. You can take advantage of this benefit once every 4 years, which is how often Global Entry requires you to re-apply. Global Entry is a way for low-risk U.S. citizens to get through customs faster when they return from abroad. It requires screening by U.S. Customs and Border Protection, which explains the cost. But if you pay the application fee with your Chase Sapphire Reserve card, you’ll automatically receive a refund within 24 hours.
5 Things to Know About Chase Sapphire Reserve’s Global Entry Benefit:
You must pay the Global Entry application fee with your Chase Sapphire Reserve card.
Chase will automatically detect the Global Entry application fee payment. They will credit you within 24 hours.
You can only get an application fee credited once every 4 years. But you also only need to reapply every 4 years.
If you already have Global Entry or don’t think you will use this benefit, you can pay someone else’s application fee with your card and still get a credit.
If you think you’d get more value out of TSA Pre-Check (which is for regular security rather than customs), you can get a credit for its $85 application fee. You can get a credit for either Global Entry or TSA Pre-Check, not both.
The Chase Sapphire Reserve Global Entry benefit is yet another way this card helps people save on travel. It supplements the card’s initial bonus of 60,000 points and $300 annual travel credit. All those perks are important considering Chase Sapphire Reserve’s $550 annual fee.
Chase Sapphire Reserve is worth its $550 annual fee for frequent travelers who can spend at least $4,000 in the first 3 months and qualify for the card’s initial bonus of 60,000 points. Travelers will also get a lot of value out of Chase Sapphire Reserve because it comes with a $300 annual travel credit and good ongoing rewards.… read full answer
Key Things That Make Chase Sapphire Reserve Worth It
You earn 1 - 10 points / $1 spent on purchases, including 10 points / $1 spent on select travel expenses.
You’ll have an opportunity to earn an initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months.
Chase Ultimate Rewards Reserved points are worth 50% more than usual when you redeem them for travel through Chase Ultimate Rewards Reserved.
There are several types of travel insurance, including a $1 million benefit for serious injury or death.
You get a Priority Pass Select airport lounge membership that would usually cost $429 a year.
You’ll receive a $300 travel credit each account anniversary year.
Tips for Getting the Most Out of Chase Sapphire Reserve
Chase Sapphire Reserve’s attractive features are only worth it if you travel frequently and have the excellent credit needed to get approved. You’ll also need to earn enough rewards – or utilize enough of the card’s other 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 a 17.74% - 24.74% (V) interest rate on the unpaid balance, which will decrease the overall value of the card’s perks and rewards.
More moderate spenders looking for a travel rewards card without the huge annual fee should check out our editors’ picks for the best travel rewards credit cards to help narrow the search.
Chase Sapphire Preferred's rental car insurance is a free benefit that covers damage due to a collision or theft, up to the actual cash value of the rental car, if the rental is paid for entirely with a Chase Sapphire Preferred credit card. To get coverage, the cardholder must decline the rental agency’s insurance. The Chase Sapphire Preferred card rental car insurance benefit covers rentals for up to 31 consecutive days.… read full answer
The Chase Sapphire Preferred rental car insurance is a primary coverage both domestically and abroad. This means you don’t need to file a claim with anyone else before using this benefit.
How to File a Chase Sapphire Preferred Rental Car Insurance Claim
Call the Benefit Administrator at (888) 320-9961 or visit eclaimsline.com within 60 days of the covered incident to report it and obtain a claim form.
Submit the claim form within 100 days of the incident.
Provide any supporting documents, such as a police report, no later than 365 days after the incident.
Receive the insurance payment roughly 15 business days after providing all documents and having your claim validated.
Keep in mind that the Chase Sapphire Preferred rental car insurance benefit does not cover certain types of vehicles and incidents. For example, expensive, exotic, and antique automobiles are not covered. Coverage also does not apply to trucks, mopeds, or motorcycles.
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