I was recently asked what the best credit card is for someone who travels frequently.
I am a big fan of the Chase Sapphire Reserve credit card as the perks it offers covers most of the annual fee, which is not cheap.
The current annual fee for the Chase Sapphire Reserve credit card is $450. Sorry, I should have warned you to sit down before throwing that number out there. Now, before you say “Dr. Galitzer has lost his mind!!!” let me explain the perks:
- There is a $300 credit for any charges related to travel including (but not limited to); airline tickets, seat upgrades, in-flight entertainment, excess baggage fees, hotel stays, parking, tolls, taxi rides (including ride-share services), UberEATS orders, and public transportation.
- $100 Global Entry/TSA Precheck credit.
- Roadside Assistance - including free battery boost, flat tire service, 2 gallons of fuel delivery, towing, or lockout assistance.
- Complimentary access to more than 1,000 airport lounges and you can bring 2 guests with you
- Trip cancellation and interruption insurance
- Baggage delay insurance
- Lost luggage insurance
- Trip delay insurance
- Car rental insurance
- No foreign transaction fees
If you take full advantage of the card:
the $300 travel related credit + $100 Global Entry Credit (once every 5 years) + Cancel your current roadside assistance + Access to the airport lounges + all the insurances (that you hopefully never have to use) =
THIS CARD PAYS FOR ITSELF
BUT WAIT – THERE’S MORE!!!
The card offers a bonus of 50,000 points if you spend $4,000 in first 3 months. The 50,000 points can be used on their website, Chase’s Ultimate Rewards, to purchase $750 worth of travel.
All in all you can get a credit card that pays you $750 for using it the first year, and if you find you like the other features you might just keep it forever.
Here is a link to the card:
Until next time,