Chase Ultimate Rewards and Chase Sapphire Reserve
As I mentioned in the first part, Chase Ultimate Rewards points have 50% more value when redeemed for experiences in the travel category on the portal that Expedia now manages through Chase.
Our flights, hotels, activities, and car rentals will have an effective 50% discount using our points. But how do the points work, you ask?
Chase Sapphire Reserve offers 3 points in travel categories, 3 points in restaurants, and 1 point in everything else.
Not to mention that the benefits are worldwide and that there are no commission costs for purchases abroad.
If we put the extra 50% of the reward as part of our benefit, we get up to 4.5% back to use for travel with each purchase in the additional bonus categories (dining and travel).
Otherwise, each point is worth 1 cent, so we can refund the points as cash in our account at any time.
But there’s more… Chase has business partners where you can transfer points or miles in a ratio of 1 to 1.
That is, we have the opportunity to accumulate by 3, and then get 3 points/miles from a business partner. What are these?
- Air Lingus
- Air France–KLM
- British Airways
- Singapore Airlines
- Southwest Airlines
- United Airlines
- Virgin Atlantic
- World of Hyatt
- Marriott Bonvoy
The Ultimate Rewards program ends up offering us access to the three largest alliances through United, Avios, and Air France as a starter.
Combine points with other Chase credit cards
One benefit that puts the best credit card on the continent even higher in consideration is that Ultimate Rewards program points can be combined with alternative credit cards with additional personal and business bonus categories.
Without going any further, our article on combining Chase Ultimate Rewards points can give you an in-depth look at the value of the program.
Chase credit cards that share points are as follows:
- Chase Sapphire Preferred (The younger sister of the Reserve) with 60,000 welcome points ($95 per year)
- Chase Freedom Unlimited with 1.5 points per dollar on all purchases and a 3-point promo the first year
- Chase Freedom with rotating categories with 5 points per dollar
- Chase Ink Preferred Business, the business card with 80,000 welcome points and categories of 3 points per dollar
- Chase Ink Unlimited, the business version of Freedom Unlimited, has 50,000 welcome points.
- Chase Ink Cash, a light version with a category of 5 and 2 points on the internet, cable, gas stations, and other options. Plus 50,000 welcome points
With such an ecosystem of credit cards with different accumulation categories, bonuses, and multipliers that once accumulated can be transferred to a card, it is not difficult to wonder why this card has everything to win.
This means that we can accumulate 5 points with the Chase Freedom credit card, 1.5 points in regular purchases with Freedom Unlimited, and 3 points in restaurants and trips with Sapphire Reserve in addition to accumulating 2 points in gas stations that we use for our company with Chase Ink Cash.
At the time we decide to use the points, we move them all to the Reserve and redeem the additional 50%.
Visa Infinite + Chase Benefits
As a premium card, Chase Sapphire Reserve is based on the Visa Infinite platform, the highest level of service offered to the public by Visa. The additional benefits that it includes are the following:
- Access to The Luxury Collection with credits of up to $100 per stay
- Trip cancellation, interruption, and delay insurance up to $20,000 per trip
- Primary car rental insurance up to $75,000 including Ireland, Italy, and other normally restricted countries
- Lost Baggage Reimbursement Protection
- Emergency evacuation insurance up to $100,000
- Purchase protection for up to 120 days, $10,000 per claim, and $50,000 per year
- A money-back guarantee up to 90 days, $1,000 per year, and $500 per item
- Extended warranty on purchases
- The only credit card in America with (extremely modest) health insurance coverage of up to $2,500
- roadside assistance service
- Elite category with Avis, National Rental Car, and Hertz
We can say that the only thing missing is travel medical insurance with real value, since the $2,500 may not be too much in an emergency. On the other hand, no credit card in the United States has travel medical coverage, so that’s a welcome plus.
Problems getting approved for the Sapphire card
On the one hand, we have the 5/24 rule that we explain in another article. To summarize, those people who at the time of requesting the product have opened 5 or more credit cards in the last 24 calendar months will be automatically rejected. The bank will obtain a copy of your credit report and this will largely determine your chances.
Also, this card requires a high credit score like all rewards credit cards. Even if we meet these two conditions, we still need to know that we will not be approved or reward points awarded if we have opened or closed this credit card or its Sapphire Preferred version in the last 48 months.
With this, they limited those who opened more than one and then closed it, obtaining infinite points and leaving the bank a loss.