Maximize Your Chase Sapphire Reserve: 5 Essential Steps
If you’ve recently acquired the Chase Sapphire Reserve, congratulations! This premium travel credit card offers an array of benefits that can significantly enhance your travel experiences and everyday spending. To help you make the most of your new card, here are five essential steps to take right after receiving your Sapphire Reserve.
1. Understand Your Welcome Bonus
One of the standout features of the Chase Sapphire Reserve is its generous welcome bonus. Currently, new cardholders can earn 125,000 points after spending $6,000 within the first three months. Based on TPG’s valuations, this bonus is worth an impressive $2,563. Before you start spending, plan your purchases wisely to ensure you meet the spending threshold without straining your finances.
2. Leverage the Travel Credits
The Sapphire Reserve comes with a $300 annual travel credit, which can be applied to a variety of travel-related expenses. This means that your first few travel purchases, such as hotel bookings or flights, can effectively reduce your annual fee. For instance, if your first purchase is a deposit for a cruise, it will be covered by this credit, allowing you to earn points on other eligible purchases instead.
Additionally, the card offers a $300 dining credit through Sapphire Reserve Exclusive Tables, split into two $150 credits annually. Use this to explore fine dining options with friends and family, further offsetting the card’s annual fee.
3. Maximize Earning Potential on Everyday Spending
The Sapphire Reserve is designed to reward you for your everyday purchases. You can earn 3 points per dollar spent on dining, whether you’re at a restaurant or ordering delivery. Take advantage of the complimentary DashPass subscription through DoorDash, which will save you money on delivery fees.
Moreover, if you frequently use rideshare services, set your Sapphire Reserve as the default payment method on Lyft to earn 5 points per dollar spent through September 30, 2027. This can add up quickly, providing you with significant rewards for your transportation expenses.
4. Utilize Travel Protections and Perks
Traveling can be stressful, but the Chase Sapphire Reserve offers a suite of travel protections to ease your journey. Use your card to apply for Global Entry or TSA PreCheck, and have the application fee waived, up to $120. This benefit streamlines your airport experience, allowing you to breeze through security and customs.
Additionally, the card provides access to The Edit hotel credit, which offers up to $500 annually for prepaid reservations of two nights or more. This can help you save significantly on your accommodations, making travel more affordable.
5. Register for Additional Benefits
To fully unlock the potential of your Sapphire Reserve, take the time to register for various benefits. For instance, you can receive up to $300 annually in StubHub and Viagogo credits, which can be used for event tickets. This credit is divided into two $150 allowances, allowing you to attend concerts or sporting events without breaking the bank.
If you already have Global Entry or TSA PreCheck, consider using your card to pay for a friend or family member’s application. You’ll receive a statement credit for the fee, making it a thoughtful gift while also maximizing the card’s benefits.
Final Thoughts
The Chase Sapphire Reserve is a powerful tool for anyone looking to enhance their travel experiences and earn rewards on everyday spending. By understanding the welcome bonus, leveraging travel credits, maximizing earning potential, utilizing travel protections, and registering for additional benefits, you can make the most of your new card. Whether you’re a seasoned traveler or just starting out, these steps will help you unlock the full value of the Chase Sapphire Reserve, turning your everyday purchases into extraordinary travel experiences.
