When US Bank decided to enter the premium travel card market, there were many people that sort of just yawned as it did not seem that US Bank was serious about competing.
Sure, there are some cool perks with the card (such as earning 3 points per dollar on all mobile wallet payments) but the Chase Sapphire Reserve is a hard card to beat. Here is just one more way that the Chase Sapphire Reserve beats the US Bank Altitude Reserve card.
One More Way the Chase Sapphire Reserve Beats the US Bank Altitude Reserve
When it comes to travel insurance and coverage, everyone is familiar with the screen at the time of booking travel that offers to sell you coverage. But, many great travel cards actually provide their own insurance to you if you use their card to purchase the travel.
But, what if you are redeeming points instead of paying for travel? After all, that is one of the things we love to do in this pursuit of cheap travel, right?
As I found out with my recent problem with my lost bag with Emirates, the US Bank Altitude Reserve card only covers such travel mishaps if you purchased your travel using the card – no points involved. Since I redeemed the Altitude Reserve points for my ticket, I was out of luck with the Altitude Reserve card helping me out.
Chase Will Cover Your Luggage If The Travel Was Redeemed With Points
However, if you purchase travel using your Chase Ultimate Reward points, you are all set and covered! Here is what Chase has to say about coverage when using points (bolding mine for emphasis):
“The information below applies to both benefits. Reimbursement can be provided for pre-paid, non-refundable travel expenses including passenger fares, tours and hotels.
- Covers trips when travel arrangements for a pre-paid tour, trip or vacation have been purchased with an eligible Chase card or with rewards earned on an eligible Chase card
- Reimbursement is in excess of any travel insurance purchased, or reimbursement from the occupancy provider or common carrier such as airline, bus, cruise ship, or train”
Here is more information from the complete Guide to Benefits:
“It’s also travel on a Common Carrier when free flights have been awarded from frequent flier or Rewards programs, provided that all of the miles or Rewards points were accumulated from a Rewards program sponsored by Chase Bank USA, N.A. and/or its affiliates.”
That’s right – Chase will cover your baggage when it is delayed or lost. In fact, it will cover it up to $3,000! And that coverage applies even when you redeem points for the tickets!
The longer I hold the Chase Sapphire Reserve card, the more I learn about it and appreciate what it has to offer. I only wish the US Bank Altitude Reserve acted more like the premium card that the Chase Sapphire Reserve actually is…