A Complete Guide to Chase Credit Card Benefits
by Elizabeth Aldrich | Jan. 29, 2019
Chase offers a variety of credit cards, from some of the best travel credit cards available to valuable cash-back credit cards and even balance transfer credit cards. If you're considering one of Chase's best credit cards, you probably already know a thing or two about the rewards and promotional offers. But do you know about the benefits and protections that come with Chase's entire lineup?
For instance, did you know that if you're renting a car, your Chase credit card might provide auto insurance? If you have to cancel a trip last minute, did you know that you might qualify for a refund on your Chase credit card?
All of this and more is explained in this comprehensive guide to the benefits offered by Chase credit cards.
Chase credit cards that offer rental car insurance
Chase credit cards tend to offer some form of coverage when it comes to rental cars. In order to take advantage of this coverage, you'll need to complete the entire transaction, including the initial hold, on your Chase credit card. You must also decline any coverage offered by the rental car agency, which will usually be offered as a CDW or LDW. If you accept this coverage, you won't be eligible to use the coverage offered by your Chase credit card.
Chase credit cards offer coverage for rental vehicles in the United States and most foreign countries. Coverage only applies to vehicles that are rented for 31 consecutive days or fewer.
Most Chase credit cards offer only secondary coverage, but a handful do offer primary coverage. Primary coverage will apply before your personal car insurance and will often cover full damages in the case of collision or theft. Secondary coverage only comes into effect after your own personal car insurance has been used, meaning you will have to report the accident to your insurance company, and it often comes with a deductible.
Chase credit cards that offer primary rental car coverage
The table below shows which Chase credit cards offer primary rental car coverage and how much they cover. You'll notice that the Chase Sapphire Reserve® stands out because it offers coverage for exotic and expensive cars up to the coverage maximum of $75,000. Additionally, if you have a business credit card, you must be driving for business purposes in order to receive insurance.
|Credit card||Coverage maximum||Not covered|
|Chase Sapphire Preferred®||Up to the value of the vehicle||Exotic and expensive cars, antique automobiles, large commercial vans, vehicles with an open cargo bed, motorcycles, mopeds, limousines, and recreational vehicles|
|Chase Sapphire Reserve®||Up to $75,000||Antique automobiles, large commercial vans, vehicles with an open cargo bed, motorcycles, mopeds, limousines, and recreational vehicles|
|The Ritz-Carlton Rewards Credit Card®||Up to $75,000||Antique automobiles, large commercial vans, vehicles with an open cargo bed, motorcycles, mopeds, limousines, and recreational vehicles|
|Ink Business Preferred ℠ Credit Card, Ink Business Cash℠ Credit Card||Up to the value of the vehicle||Cars not rented for business purposes, exotic and expensive cars, antique automobiles, large commercial vans, vehicles with an open cargo bed, motorcycles, mopeds, limousines, and recreational vehicles|
|United MileagePlus® Club Card||Up to the value of the vehicle||Exotic and expensive cars, antique automobiles, large commercial vans, vehicles with an open cargo bed, motorcycles, mopeds, limousines, and recreational vehicles|
Data source: Chase.
Chase credit cards that offer secondary rental car coverage
The rest of Chase's credit cards offer secondary rental car coverage. These credit cards only kick in after your primary insurance, and they will cover up to the value of the vehicle. They include the same restrictions as the cards listed above that exclude exotic and expensive vehicles, antique automobiles, large commercial vans, vehicles with an open cargo bed, motorcycles, mopeds, limousines, and recreational vehicles.
Chase credit cards that offer extended warranty protection
Most valuable purchases come with a manufacturer's warranty, but these warranties last for a limited amount of time. Have you ever wondered what happens if your laptop fails just after your manufacturer's warranty has ended? That's where extended warranty protection comes in.
Extended warranty protection extends the warranty offered by the manufacturer on eligible purchases. If you bought that laptop with a credit card that offers extended warranty protection, there's a chance that you might still be covered by a warranty even after your manufacturer's warranty has expired.
Most Chase credit cards offer extended warranty protection that extends manufacturer's warranties of three years or less by one year. Chase offers a maximum coverage amount of up to $10,000 per claim and $50,000 per account. Some excluded products include boats, automobiles, and other motorized vehicles, computer software, pre-owned items, and items purchased for resale or professional use.
Chase credit cards that offer price protection
Chase eliminated price protection as a benefit on all credit cards as of Aug. 26, 2018. If this is a benefit you're interested in, some Citi credit cards still offer limited price protection.
Chase credit cards that offer trip cancellation/interruption insurance
Many travelers purchase pricey travel insurance plans to cover unforeseen cancellations or trip interruptions without realizing that they may already have coverage -- most Chase travel credit cards offer some level of trip cancellation/interruption insurance. Chase credit cards without an annual fee typically do not offer this benefit.
Trip cancellation insurance covers you if you have to cancel your travels before your trip for an eligible reason. It will reimburse you for any non-refundable, prepaid expenses, such as hotel reservations or flight tickets. Trip interruption covers you if a qualifying event occurs during your trip that causes an interruption. It reimburses you for the portion of your trip you were unable to complete.
Eligible reasons for trip cancellation or interruption include accidental injury, illness, or death of you or a family member, severe weather, a terrorist action, an uninhabitable accommodation, quarantine imposed by a medical professional, and a change in military orders.
Most Chase travel credit cards offer up to $5,000 per trip in trip cancellation or interruption insurance and is offered secondarily, meaning any travel insurance you've purchased will kick in first. Chase's cash-back credit cards, such as the Chase Freedom® and Chase Freedom Unlimited®, offer a lower protection limit of $1,500 per person and $6,000 total for everyone on the trip. The following Chase credit cards offer up to $10,000 per trip in trip cancellation or interruption insurance: The Ritz-Carlton Rewards Credit Card®, the Chase Sapphire Preferred®, the Chase Sapphire Reserve®, and the United MileagePlus® Club Card.
Chase credit cards that offer baggage delay and lost baggage benefits
Trying to receive a reasonable reimbursement from an airline when your baggage is delayed or lost can be difficult. If the airline you're traveling with loses your bags or your bags are delayed and you have to purchase items like toiletries and clothing in the meantime, you may be able to receive a more fair reimbursement from your credit card.
You will have to file a claim with the airline first. After that, most Chase travel credit cards will cover anything the airline and your travel insurance won't, up to a certain limit. That limit depends on the credit card you have, but it's usually a reimbursement for essential items of up to $100 per day for up to three or five days if your baggage is delayed. If it's lost, you can be reimbursed for the value of your belongings, up to $3,000 per person.
The Chase credit cards that offer the best baggage delay insurance are the The Ritz-Carlton Rewards Credit Card®, the Chase Sapphire Preferred®, the Chase Sapphire Reserve®, the Hyatt Credit Card, and the Ink Business Preferred℠ Credit Card. These credit cards offer reimbursement of up to $100 per day for essential items for up to five days.
The best Chase credit cards for travel benefits and purchase protection
While all Chase credit cards offer benefits, they differ in the exact coverage they provide. Chase's travel credit cards tend to offer more travel-related benefits, and their premium credit cards with high annual fees tend to offer the highest coverage limits. The table below compares the benefits offered by some of the best Chase credit cards.
|Credit card||Rental car insurance||Purchase protection||Trip cancellation and interruption insurance||Baggage delay/lost luggage|
|Chase Sapphire Reserve® ($450 annual fee)||Up to $75,000, includes expensive and exotic cars||Up to $10,000 per purchase and $50,000 per year||Up to $10,000 per trip||Up to $100 per day for five days|
|The Ritz-Carlton Rewards Credit Card® ($450 annual fee)||Up to $75,000, includes expensive and exotic cars||Up to $10,000 per purchase and $50,000 per year||Up to $10,000 per trip||Up to $100 per day for five days|
|United MileagePlus® Club Card ($450 annual fee)||Up to value of vehicle, excludes expensive and exotic cars||Up to $10,000 per purchase and $50,000 per year||Up to $10,000 per trip||Up to $100 per day for three days|
|The World of Hyatt Credit Card ($95 annual fee)||Up to value of vehicle, excludes expensive and exotic cars||Up to $500 per purchase and $50,000 per account||Up to $5,000 per trip||Up to $100 per day for five days|
|Ink Business Preferred℠ Credit Card ($95 annual fee, waived first year)||Up to value of vehicle, excludes expensive and exotic cars. Must be driving for business.||Up to $10,000 per purchase and $50,000 per year||Up to $5,000 per trip||Up to $100 per day for five days|
Data source: Chase.
Chase's cash back and travel points are easily the best rewards offered by their credit cards, so let that be your guide when making your decision. But if you're having trouble deciding between a few different Chase credit cards, looking into benefits like purchase protection, rental car insurance, and travel insurance can be a great way to make sure you're getting the most out of whichever card you choose.
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