Home Credit Cards This Chase Sapphire Reserve Benefit Has Become More Valuable

This Chase Sapphire Reserve Benefit Has Become More Valuable

by joeheg

In January 2020, remember way back then, Chase raised the annual fee for the Sapphire Reserve from $450 to $550 for new applicants. Existing cardholders would be charged the increased fee after April 1st. Chase tried to spin the higher cost by adding some new perks to the card. At the time, neither of them were that important to me.

Here’s our recent review of the Chase Sapphire Reserve.

One of the benefits was earning 10 points per dollar on Lyft rides and a free membership to Lyft Pink. We used that benefit a little in January and February but ridesharing services are not something we need since we’re not going anywhere right now besides our house.

The other benefit I chalked up as one I wouldn’t use much without some effort. As it turned out, I ended up using it without knowing.

I was at work and wanted to buy some lunch for the crew who have to work because we’re essential workers.

I know almost everyone will eat pizza if it’s there. While the default is to order from Dominos or Pizza Hut, I knew that delivery services were working so I looked for a local establishment on DoorDash. No local pizza place to be found but I went with a smaller chain we really like, Anthony’s Coal Fired Pizza.

I put in my order and paid with my Chase Sapphire Reserve with Apple Pay.

That would have been the end of the story if I didn’t look at my statement.

Screen Shot 2020-03-25 at 7.37.59 PM

My entire check was covered by the DoorDash credit. Wait, what credit?

The Sapphire Reserve added a $60 statement credit for 2020 and another one for 2021. You also get a complimentary DashPass, which gives free delivery and a reduced service fee at many establishments through 2021.

I never signed up for DashPass because I hardly ever use DoorDash. However, with the restrictions on leaving your home, the reduced service fee could save a decent amount over several months.

Not to mention that I’ll now easily use my $60 credit where before we’d have to plan to order out to take advantage of the savings

If you’re not already a DoorDash member, you can save $5 off your first three orders of $15 or more if you have a referral link. Terms prohibit us from sharing the link on our website but if you join our Facebook Group, we’ll provide the link there.

Final Thoughts

I’m sure that Chase had no idea that delivering food to people’s homes would become an essential need for many people accustomed to eating out every day when they offered this credit. I’m sure they were planning on many people never using the $60 credit but I bet many more people are using DoorDash than previously anticipated.

For us, saving $37 on ordering a pizza for work was a bonus. We still have $23 of credits to use and I’m sure we’ll find somewhere to use it. Hopefully, we’ll be able to support a local business. Please use these credits to support small businesses instead of using it to have a 20 pack of McNuggets delivered to your house.

#stayhealthy #stayathome #washyourhands

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This post first appeared on Your Mileage May Vary

1 comment

Brutus March 27, 2020 - 10:00 am

I’d be happy to give you a $60 credit in exchange for one of your Franklins.

Reply

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