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The card’s annual fee recently increased by $100 along with introducing new benefits, which may actually be more relevant to a lot of consumers right now. However they won’t want to lose cardmembers of a product that is focused heavily on rewarding travel and rewarding restaurant spend. People aren’t traveling as much, and aren’t eating out.
The Chase Sapphire Reserve® has an initial bonus to earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. And it earns 3 points per dollar spent on travel and dining – great points that transfer to frequent flyer programs or can be spent directly on travel. This $550 annual fee card has a $300 annual travel credit, and provides airport lounge access with a Priority Pass card.
The new benefits recently added to this product include:
- Up to a $100 application fee credit for Global Entry or TSA Pre✓®
- One year complimentary Lyft Pink membership ($199 minimum value)
- Complimentary DashPass subscription from DoorDash after activating by 12/31/21
- $60 DoorDash statement credit in 2020 and again in 2021
Earning 3 points per dollar on travel includes Uber, and I enjoy earning 3 points per dollar with UberEats right now. The DoorDash DashPass and DoorDash statement credit are also really relevant now too.
I also like that while Citibank and Barclays have generally eliminated most protections from their cards, Chase Sapphire Reserve® still offers primary collision damage waiver for rental cars; trip and baggage delay, trip cancellation or interruption; medical evacuation; roadside assistance; purchase protection and return protection.
However I love to see Chase recognizing that their cardmembers are travelers not traveling, and proactively reaching out with a credit. If you’re a Chase Sapphire Reserve® have you received a secure message notifying you of one?