4 things to do once you get your Chase Sapphire Reserve
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Editor’s note: This post has been updated with new information.
The Chase Sapphire Reserve has consistently been one of the best travel rewards credit cards on the market. In fact, it’s been named the Best Premium Travel Credit Card at the 2020 TPG awards. Although it comes with a $550 annual fee, you’ll enjoy stellar perks such as a $300 annual travel credit, 50% point redemption boost when booking travel through the Ultimate Rewards travel portal, Priority Pass airport lounge access and so much more.
And now, you can apply for the Reserve with a bonus of 60,000 bonus points after you spend $4,000 in the first three months of account opening. Based on TPG’s valuation of 2 cents per Chase Ultimate Rewards point, this offer is worth a whopping $1,200 — covering more than twice the card’s annual fee.
If you’ve just applied and gotten approved for the Sapphire Reserve (congrats!), here are four “to-do” items that you’ll want to make a priority within the first few days of being a cardholder.
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Add your Sapphire Reserve to all your travel, rideshare and food delivery accounts
With both a $300 annual travel credit and the ability to earn 3x points in a broad travel category (after using your $300 travel credit) and a solid dining category, the Chase Sapphire Reserve should be your top card for booking travel. Have it handy not only when on a hotel or airline website, but also when you are booking via online travel agencies such as Expedia and Orbitz, since these purchases count in the travel category. Homesharing services, such as Airbnb or VRBO, also earn sometimes code as travel and earn 3x points.
Then you may also want to set up the Reserve as your default card on ridesharing apps such as Uber and Lyft, since these also count as travel. To make the deal even sweeter, Chase has partnered with Lyft to offer Reserve cardholders a year of free Lyft Pink membership to help save even more on rides. You can also earn 10x Ultimate Rewards points per dollar on Lyft charges with your Sapphire Reserve until March 2022.
And if you have a monthly bill for a commuter train pass or parking at work, you might as well earn 3x for those expenses, too. Be sure to make the Reserve your default card for these regular travel charges as well.
Although the 3x dining definitions are more straightforward than the eligible travel items, don’t forget to add your card to your account at your favorite restaurant delivery services. In most cases, you’ll earn 3x points for these purchases.
Additionally, Reserve cardholders get one year of free DashPass membership with DoorDash, offering free delivery at eligible restaurants and discounted service fees on orders more than $12. Make sure to activate your offer online or through your DoorDash app, adding in your Reserve card as your default payment method. You’ll also get a $60 annual DoorDash credit to use whenever you want throughout 2021.
Activate Priority Pass and rental car benefits
You don’t need to wait until your card arrives to activate these perks, but you definitely shouldn’t wait any longer than that.
To get started with these particular Reserve benefits — Priority Pass airport lounge access and Avis, National and Silvercar discounts — you’ll need to log into your Chase account, select Ultimate Rewards, choose the account associated with your Reserve card, then select Card Benefits under the “Use Points” dropdown menu. From there, you’ll register for each of the benefits you wish to receive.
Sign up for Global Entry/TSA PreCheck (or, gift it to a friend)
Getting through U.S. Customs or airport security is one of the most dreaded parts of modern-day air travel, so use your Chase Sapphire Reserve to apply for either Global Entry or TSA PreCheck and make your trek a little easier. You’ll get the application fee waived up to $100 when using the Reserve to pay for either program.
What if you’ve already got Global Entry or PreCheck? You can let a friend or family member benefit from your Chase Sapphire Reserve. Use your card to pay for their application, and the fee will be offset via a statement credit by Chase so long as you haven’t already used it on yourself or someone else in the last TK years.
Set your earning and redemption goals
Now that you’ve got the Sapphire Reserve basics down, it’s time for a little long-term planning.
Where do you want to go with your Ultimate Rewards points? How do you want to fly there — in a first- or business-class cabin? Or would a great Hyatt property such as the Park Hyatt St. Kitts be an exciting use of points for you? Do you think you’ll need to find award availability and transfer points, or can you book the airfare or hotel directly through the Ultimate Rewards travel portal and stick with getting 1.5 cents per point in value?
Once you’ve figured out your goals, you can formulate your plan for earning points. Is the Reserve going to be the primary card in your wallet, or should you use it exclusively for the 3x bonus categories and put your general spend on a different card? Planning ahead will allow you to make better choices so your points balances will be adequate when you’re ready to start booking.
You can also start considering ramping up your Ultimate Rewards earnings even more by getting a supporting card, such as the Chase Freedom Flex℠ that awards up to 5x points per dollar. After you have the basics of using the Sapphire Reserve down, it can be worth your time to explore what we call the Chase Trifecta.
The Chase Sapphire Reserve is considered one of the best travel credit cards out there — and with good reason. Although the annual fee is $550, the benefits you get out of the card makes it well worth it for frequent travelers. Just make sure you’re checking off the items on this to-do list to maximize your Reserve benefits and earning structure.
And if you decide that you aren’t quite ready for the $550 annual fee with the Reserve, it can be worth your time to instead consider it’s sister, the Chase Sapphire Preferred with just a $95 annual fee and welcome bonus of up to 80,000 points with $4,000 in spending in three months.
Additional reporting by Stella Shon
Featured photo by Wyatt Smith/The Point Guy
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,650
CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners
*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 80,000 points are worth $1,000 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.