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The much-talked about Chase Sapphire Reserve Card is coming out and people are excited. It’s been a while since we’ve seen a 100,000 point credit card sign-up bonus, but when those rewards are Chase Ultimate Rewards points, it’s even more exciting. Huge sign-up bonus aside, here are six other reasons you should consider signing up for the Chase Sapphire Reserve Card:

1. $300 Annual Travel Credit. The Chase Sapphire Reserve Card comes with a recurring $300 travel credit issued every calendar year, which means you’ll get this credit twice during your first year. The great thing about the $300 travel credit is that it’s good for all travel – not just airline and baggage fees. Most of us easily spend $300 per year on travel, so charge it to the Chase Sapphire Reserve and you’ll get a statement credit to cover the cost. This takes a bit of the sting out of the hefty $450 annual fee.

2. $100 Credit Towards Global Entry Application Fee. Enrolling in Global Entry can be a huge time saver for frequent travelers as well as folks who make 1-2 international trips per year. The Global Entry application fee is actually reasonable at $100 since it’s good for five years and gets you enrolled in TSA PreCheck as well. Several rewards credit cards offer statement credits towards Global Entry fees, but the Sapphire Reserve has the added advantage of being part of the Ultimate Rewards program. So if you’re looking for a card offering Global Entry application fee credits, you may want to take the Sapphire Preferred into consideration – especially since it’s an Ultimate Rewards earning credit card.

3. 3 Points Per $1 Spent on Travel and Dining. Any card that offers ways to accelerate Ultimate Rewards earnings is worth a second look. The Sapphire Reserve pays out 3 points per $1 spent on travel and dining. Aside from the occasional quarterly 5x bonus from the Chase Freedom Card (which is limited to the first $1,500 spent), this is the highest travel category bonus offered by an Ultimate Rewards earning credit card. Along with the annual $300 travel credit, this is a great incentive to charge travel to the Chase Sapphire Reserve Card, especially in light of the higher value cardholders get on Ultimate Rewards Travel Portal redemptions …

4. Redeeming Points for 1.5 Cents Each Through the Ultimate Rewards Travel Portal. The Ultimate Rewards Travel Portal is an amazing place to find travel deals of all kinds. It’s where I found nightly rates at the all-inclusive Hyatt Ziva Los Cabos for just $284.08 per night. For two people. During the busy Spring Break season. Being able to redeem points at a slightly higher rate towards travel (compared to the normal 1.25 cents each) is one of the most appealing things about this card to me, personally.

5. Primary Rental Car Insurance. In the 12 years I’ve had a driver’s license, I’ve only ever personally rented a car once. What I remember about the experience was how the rental agent kept hounding me about buying additional insurance. He just would not take no for an answer and tried everything from suggesting to guilting me into it. It didn’t work because I’m more stubborn and relentless than any desperate salesman. At one point I tried to refuse on the basis that I had insurance through my credit card and he proceeded to tell me that wasn’t sufficient. With the Chase Sapphire Reserve card, you can rest assured that the primary rental car insurance on the card has you covered. If you happen to get into a fender bender, you don’t have to go through your own insurance to get the damage fixed. That’s a very good perk to have from your credit card.

6. Priority Pass Select Membership. The Priority Pass Select membership benefit from this card is great for frequent travelers who want access to over 900 airport lounges worldwide. This isn’t the greatest type of lounge access offered by a credit card, but it’s a nice bonus to an already impressive list of benefits.

Personally, I’m most excited about the 100,000-mile sign-up bonus than any other feature of this card. Now whether any of us will get approved for this card is another story. With the Chase 5/24 rule in place, most of us will likely get rejected. However, there is a chance that Chase will make an exception to this rule like they did when the Freedom Unlimited Card was unveiled this year.

Are you applying for the Chase Sapphire Reserve Card? Which of these card features is your favorite?

[Image via Getty]

Ariana Arghandewal Ariana Arghandewal is a travel hacker and travel rewards expert who earns over 1.5 million miles every year. When she's not contributing to Frugal Travel Guy, she publishes her own points and miles blog, PointChaser.com. You can connect...
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Delta® Reserve for Business

• Annual Fee: $450 fee
• Foreign Fees: No
• Card Type: Travel

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• Earn 40,000 bonus miles and 10,000 MQMs after you spend $3,000 in purchases with your new Card in the first 3 months.†
• Earn 15,000 Medallion® Qualification Miles (MQMs) and 15,000 bonus miles after you reach $30,000 in eligible purchases on your Card in the calendar year.
• Earn 2 Miles per dollar spent on eligible purchases made directly with Delta. Earn 1 mile on every eligible dollar spent on purchases.
• Settle into your seat sooner with Priority Boarding and enjoy 20% savings on eligible in-flight purchases in the form of a statement credit.
• Pay no foreign transaction fees when you spend overseas.‡
• Complimentary Delta Sky Club® Access.‡
• Terms and limitations apply
• See Rates & Fees

Breakdown

Earn (pt.)

Spend

3 months

0

$3,000

Per dollar on eligible purchases with Delta Purchases

2.00

$1

All Purchases

1.00

$1

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Delta® Reserve for Business

• Annual Fee: $450 fee
• Foreign Fees: No
• Card Type: Travel

Apply Now Add to Favorites

FTG Review	Reward Breakdown	Points Breakdown
Earn 40,000 bonus miles and 10,000 MQMs after you spend $3,000 in purchases with your new Card in the first 3 months.† Earn 15,000 Medallion® Qualification Miles (MQMs) and 15,000 bonus miles after you reach $30,000 in eligible purchases on your Card in the calendar year. Earn 2 Miles per dollar spent on eligible purchases made directly with Delta. Earn 1 mile on every eligible dollar spent on purchases. Settle into your seat sooner with Priority Boarding and enjoy 20% savings on eligible in-flight purchases in the form of a statement credit. Pay no foreign transaction fees when you spend overseas.‡ Complimentary Delta Sky Club® Access.‡ Terms and limitations apply See Rates & Fees Breakdown Earn (pt.) Spend 3 months 0 $3,000 Per dollar on eligible purchases with Delta Purchases 2.00 $1 All Purchases 1.00 $1 Apply Now
Already have this card? Maximize your rewards.