Yes, there are several Chase Sapphire Reserve military benefits, the most attractive one being a waiver of most of its fees. That includes the hefty $550 annual fee.

Like all credit cards, Chase cards comply to the Military Lending Act (MLA), which sets limits to interest rates and other fees for active-duty members and their eligible dependents. However, the limits set by the MLA are relatively high, so they can hardly be considered a benefit.

Here's how to get the Chase Sapphire Reserve military perks:

• You must be an active duty servicemember (including active-duty military personnel, reserves or National Guard) or an eligible dependent of theirs. Active duty means you serve full-time. Unfortunately, veterans don't qualify.
• There is no way to flag your military status on your application, but approved military accountholders are automatically selected as the credit bureau compares Social Security numbers to DOD databases. You can also call Chase customer service at (877) 469-0110 and inform them of your status.
• Chase will confirm your military status. If everything checks out, they will automatically waive all fees on your card, with the exception of late and insufficient funds fees.
• The Military Lending Act (MLA) limits interest rates and certain fees to 36% for new cardholders. While the Chase Sapphire Reserve features lower interest rates, you can be sure that any future increases will be capped.
• Under the Servicemembers Civil Relief Act (SCRA), interest rates are capped at 6% during the time of active duty for existing cardholders. Chase goes further and lowers interest to 4% for eligible existing cardholders on active duty. Just call (877) 469-0110 to inform Chase of your status.  

The Chase Sapphire Reserve annual fee is $550, so not having to worry about that while you're on active duty is a great added benefit. The 4% interest rate cap for existing cardholders on active duty is also an attractive perk considering the card's 21.24% - 28.24% (V) regular APR. Plus, the Chase Sapphire Reserve regular benefits reinforce it as a solid choice for active-duty military. Thank you for your service!

You can earn Chase Sapphire Reserve bonus points by spending $4,000 in the first 3 months your account is open. Meeting this initial spending requirement qualifies you for Chase Sapphire Reserve's 60,000 points. There are several other ways of earning extra points with the Chase Sapphire Reserve,...

No, you can't get Chase Sapphire Reserve for your business, as it's not a business credit card. However, small business owners can technically use this card for business spending. Just try to avoid putting business and personal expenses on the same credit card, or else your finances might get...

To transfer Chase Sapphire Reserve points to travel partners, cardholders must first log in to their Chase account. Then, go to the rewards redemption page and select “Transfer to Travel Partners”. People with the Chase Sapphire Reserve Card can transfer points to travel partners such as Aer Lingus, Air Canada...

Yes, Chase Sapphire Reserve is in Chase's Ultimate Rewards program. That means Chase Sapphire Reserve cardholders earn points (at least 1 point / $1 spent) that can be used for travel, statement credits and gift cards through the Ultimate Rewards redemption portal, or to pay for Amazon.com purchases. Cardholders...

Yes, the Chase Sapphire Reserve card does have pre-approval. Chase has an online pre-approval page where potential applicants can quickly check their odds of approval for certain Chase credit cards before they actually apply for one. However, Chase may remove their credit card pre-approval page from their website from time...

No, Chase Sapphire Reserve does not offer phone insurance. You can, however, protect your phone through the card's purchase protection and/or extended warranty benefits.

More specifically, purchase protection covers damaged or stolen items purchased with a Chase Sapphire Reserve card for up to $10,000 per claim and $50,000 every...

The best Chase Sapphire Reserve deal is 60,000 bonus points for spending $4,000 in the first 3 months. The points are worth 1.5 cents each toward travel booked through Chase Ultimate Rewards. That's an incredible value and one of the largest credit card bonuses on the market. Another...

The Chase Sapphire Reserve travel category includes:

• Airfare
• Hotel stays
• Car rentals
• Tickets for cruise lines and passenger trains
• Bus fare
• Airbnb stays
• Uber and Lyft rides
• Charges for parking lots and garages
• Toll booth fares and more

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You can downgrade your Chase Sapphire Reserve card either online through the secure message center, or over the phone at (800) 945-2000. The Chase Sapphire Reserve account must be open for at least a year and in good standing in order to be eligible for a downgrade.

What...