For many, the announcement of the Chase Sapphire Reserve’s annual fee jumping to $795 sent a wave of disbelief. Yet for those who utilize its benefits, this fee isn’t just a cost—it’s an investment.
Travel Credit: Your Ticket to Savings
Every year, my Chase Sapphire Reserve renews with a $300 annual travel credit, which easily gets utilized on various travel expenses. Whether it’s an impromptu car rental or an international flight, this credit whittles down the functional cost of the card, making it more digestible. It’s been a godsend on trips, effortlessly covering airport parking in the U.S. and rideshares in Europe.
Rental Car Coverage: An Unexpected Hero
Imagine facing a hefty rental car damage fee—a traveler’s nightmare. That’s exactly what I encountered at Paris Charles de Gaulle Airport. But instead of shouldering a €1,000 liability, my Sapphire Reserve’s primary rental car coverage stepped in. This benefit not only saved me a massive sum but also reaffirmed my decision to keep the card.
Dining Credits That Fit My Lifestyle
Dining out doesn’t always mean extravagant expenditures. With the introduction of the new Sapphire Reserve Exclusive Tables OpenTable credit, I enjoy up to $300 in dining credits annually. These aren’t just applicable to high-end restaurants; they extend to my local favorites, making this benefit a pleasant surprise.
Surprise Treats with DoorDash Credits
DoorDash credits provide a chance to brighten a friend’s day with a spontaneous treat. These credits are a delightful reminder of how the card transforms potential wasted benefits into meaningful gestures of kindness.
Options for the Hesitant: Downgrade or Switch
Not everyone travels frequently enough to justify the high fee. For those considering alternatives, downgrading to a Chase Sapphire Preferred® Card or switching to another premium card like the Capital One Venture X could be the perfect solution.
As stated in CNBC, the decision to keep or switch your credit card should resonate with your individual travel habits and financial circumstances.
In conclusion, the Chase Sapphire Reserve remains a formidable contender in the world of premium credit cards. Its extensive list of benefits begs the real question: can you afford to let go of it?
