is the chase sapphire reserve card worth it

Since I was approved for the Sapphire Reserve, it’s been my go-to travel card. I didn’t plan on this when I looked at the Chase Sapphire cards closer. However, whenever we travel outside of the US, I always purchase travel/medical insurance and I make sure the policy includes evacuation coverage. I have no other card with emergency evacuation coverage, so this could be a reason to keep the Sapphire Reserve. You’d have to redeem more than 62,000 points using this method to get an additional $155 value. They’re only worth 1.25 cents each using the Sapphire Preferred. When using the Chase Travel Portal or Pay Yourself back with the Sapphire Reserve, your points are worth 1.5 cents each. That’s when I’d likely have significant expenses, such as a hotel room, travel to the hotel and meal expenses. Not many 10K purchases in this household.Īnd while it sounds nice to get trip delay coverage at 6 hours instead of 12 hours, both coverages are good if you’re stuck overnight. The same for the Reserve’s $10,000 limit for purchase protection. I can’t think of any time I rented a car worth over 75K so it’s extra coverage I don’t need. I can earn 3 points per dollar on travel and dining expenses with several cards (with lower annual fees.) Consider extra benefits that sound good (until you think about it)īoth cards provide primary rental coverage but the Preferred’s coverage maxes out at $75,000. I already get Priority Pass membership and Global Entry/TSA Precheck reimbursement with several other cards so those benefits aren’t worth anything. Points worth 1.5 cents on Chase Travel PortalĮliminate the perks I already get with other cards.Earn an extra point per dollar on travel and dining.$10,000 per item purchase protection coverage.$100,000 Emergency medical evacuation coverage.Trip Delay coverage starts at six hours.Extra value primary rental car coverage.Global Entry, NEXUS or TSA Precheck reimbursement.Here’s a list of the extra benefits you get with the Reserve and how much I value them: I compared the card to the Sapphire Preferred, which we already have. I asked myself, “Why do I keep the Sapphire Reserve?” However, the card now has a $550 annual fee, and with the positive changes to the Sapphire Preferred, I was no longer confident about that decision. I previously found it was worth paying extra for the Sapphire Reserve. That happened when I broke down the differences between the two cards. When I’m updating posts, I’m doing it for the benefit of the website, but at the same time, I’m forced to think about our situation. Both cards had recently undergone significant changes, which could determine if a card is worth keeping or if it no longer has a place in your wallet. I recently reviewed the posts about the Chase Sapphire Reserve and Chase Sapphire Preferred cards that I had written on Your Mileage May Vary.

Is the chase sapphire reserve card worth it