Chase introduced its new Sapphire Reserve Card last week. The new, elite credit card is specifically aimed at travelers and those who love travel rewards.
It offers many of those standard travel card benefits: Cardholders earn triple points on airfare, hotels, taxis, trains, and dining around the world and no foreign transaction fees. But the real thing that sets the credit card apart are the perks.
Cardholders receive a $100 credit to pay for Global Entry or TSA PreCheck applications. There’s also a $300 travel credit every year for reimbursement on flights and hotels.
And at the airport, the card will open up doors, with complimentary access to 900 airport lounges around the world via Priority Pass. The list of lounges included is impressive, like the Virgin American Loft in L.A., JFK’s Air France Lounge, and the SkyTeam Lounge in London-Heathrow.
Sapphire Reserve also comes with protective travel perks, like significant rental car insurance and roadside assistance. It will also provide insurance for travel delays, baggage delays, lost luggage and travel accident insurance.
There’s a $450 annual fee to maintain the card, but for travelers, that fee will probably easily pay for itself. Already cardholders earn $300 of that back just through the travel credit. Then the card’s 100,000 bonus points after three months could translate to about $2,100 when redeemed, according to The Points Guy.
You can apply for the Sapphire Reserve card on the Chase site.