Chase Sapphire Reserve Fee Waived for Military and Veterans

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The Chase Sapphire Reserve is an elite credit card that offers a range of benefits, including a fee waiver for military and veterans.

For those who qualify, the annual fee of $550 can be waived, making this card an even more attractive option.

This fee waiver is available to active duty military personnel, veterans, and their spouses, providing a significant cost savings.

To qualify, cardholders must be enrolled in the US Department of Veterans Affairs or be receiving military pay.

For Servicemembers

As a servicemember, you're entitled to a waived annual fee on the Chase Sapphire Reserve card, which is a huge perk. This means you can enjoy the card's many benefits without the $550 annual fee.

The card offers a $300 travel credit, which can be applied automatically to a wide range of travel-related purchases. This can significantly reduce your out-of-pocket expenses.

For active-duty service members, the card's rewards earning potential is substantial. Assuming moderate spending, you can earn 42,000 points from travel and dining, plus 6,000 points from other purchases, totaling 48,000 points.

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If you redeem these points for travel through Chase Travel at a 50% bonus, they're worth $720. Plus, you'll get access to Priority Pass Select membership, which could cost up to $429 if purchased independently.

Here's a breakdown of the total annual value you can expect to gain from the card:

The card also offers travel and purchase protections, which can add significant value, especially for those traveling frequently or stationed overseas.

Obtaining a Military Waiver

To obtain a military waiver for the Chase Sapphire Reserve, follow these steps. You can apply for the card and the waiver by calling 1-800-235-9978, as the benefits are not advertised but can be provided verbally.

Spouses of active-duty military personnel can also apply for the waiver and card, as long as they are registered correctly.

The application process is designed to be smooth, and the waiver will be granted to qualified applicants, who will receive an MLA Benefits letter stating that they won't be charged fees, except for late fees and non-sufficient funds fees, if applicable.

Military Waiver

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The Chase Sapphire Reserve Military Waiver is a great benefit for active-duty military members and their spouses. The annual fee is waived for these individuals.

The waiver is made possible by laws that aim to reduce financial burdens on service members. These laws allow them to access premium credit card products without excessive fees.

To apply for the waiver, follow these steps: Spouses can also apply under this waiver as long as they are correctly registered.

The Chase Sapphire Reserve Military Waiver benefits are available to active-duty military members and their spouses. This waiver is a valuable perk that can help save money on the annual fee.

For Veterans or Others Without Fee Waiver

If you're a veteran or don't qualify for a fee waiver, the value of the card hinges on your usage.

Traveling frequently can make the card a good value, especially if you utilize perks like lounge access and travel credits, which can surpass the annual fee cost.

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However, if you travel less or don't fully leverage these benefits, the card might not offer enough value to justify the fee.

Your spending patterns and how much you travel play a critical role in assessing the card's value.

The card offers exceptional value for active users, especially those who can waive the fee, but for others, careful consideration is required to fully utilize the benefits.

Optimal redemption of points through Chase Travel for travel maximizes their value, making the card a worthwhile investment for frequent travelers.

Chase Sapphire Reserve Fee

The Chase Sapphire Reserve fee is a significant aspect of this premium credit card. The annual fee is $550, which may seem steep, but it's worth considering the benefits that come with it.

If you're an active-duty military member, you're in luck - the annual fee is waived under the Military Lending Act (MLA) and the Servicemembers Civil Relief Act (SCRA). This means you can enjoy the card's perks without the added cost.

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However, if you're not eligible for the fee waiver, you can still submit additional documentation to prove your active-duty status, which may result in the fee being waived.

Here are some popular credit cards with annual fees and great perks to consider, including the Chase Sapphire Reserve:

Step 3: Submit Additional Docs (If Needed)

If the fee isn't automatically waived, you can submit documentation to support your claim.

You can do this by logging into your account and creating a new message. Select "Servicemembers Civil Relief Act (SCRA)" from the dropdown menu.

You can upload any supporting documentation directly in the portal, making the process quick and easy.

Is it Worth the Fee?

The Chase Sapphire Reserve's $550 annual fee can be a significant hurdle for many potential cardholders.

The good news is that the fee can be waived for active-duty military members under the Military Lending Act (MLA) and the Servicemembers Civil Relief Act (SCRA).

If the fee is waived, the card's value is significantly higher, making it a more attractive option.

However, for those who don't qualify for a fee waiver, the card's value is lower, and it's essential to weigh the benefits against the cost.

Credit Cards with Annual Fees

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Credit cards with annual fees can be a bit overwhelming, especially when you see prices ranging from $100 to $550.

Some popular credit cards with annual fees include the Chase Sapphire Preferred Card, which has an annual fee of $95 and offers 5X points on travel purchased through Chase Travel℠.

The Ink Business Preferred Credit Card also has an annual fee of $95 and earns 90,000 bonus points after spending $8,000 in the first 3 months.

Other options, like the Blue Cash Preferred Card from American Express, have a $0 intro annual fee for the first year and then $95 per year thereafter.

The Chase Sapphire Reserve has an annual fee of $550, but it offers 5X points on flights and 10X points on hotels and car rentals when you purchase travel through Chase Travel℠.

Here's a comparison of some popular credit cards with annual fees:

Chase Preferred Thoughts

The Chase Preferred cards have some impressive benefits, making them worth considering. The Chase Sapphire Preferred Card has an annual fee of $95, which is relatively low compared to other cards.

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This card offers 5X points on travel purchased through Chase Travel℠, 3X points on dining, select streaming services, and online groceries, and 2X points on all other travel purchases. The Ink Business Preferred Credit Card also has a $95 annual fee and offers 3X points on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year.

If you're looking for a rewards card with great perks, these Chase Preferred cards are definitely worth a closer look.

Here's What You Should Know

Here's what you should know about the Chase Preferred cards. The Chase Sapphire Reserve annual fee is $550, but you might be eligible to have it waived if you're in the armed forces full-time. You can call Chase Military Services at (877) 469-0110 to verify your status.

If you're not eligible for a fee waiver, the card still offers a lot of benefits. The initial bonus is worth more than the annual fee, so it's likely you'll get more than $550 in value per year. This is especially true if you're a frequent traveler.

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Some credit cards with annual fees are worth the cost if you plan on taking advantage of the benefits. For example, the Chase Sapphire Preferred Card has an annual fee of $95, but it offers 5X points on travel purchased through Chase Travel℠ and 3X points on dining and select streaming services.

Here are a few popular credit cards with annual fees and great perks:

Card Retention Offers

If you're considering closing your Chase Sapphire Reserve card, you might be surprised to know that you can get a retention offer to keep it.

To get a Chase Sapphire Reserve card retention offer, simply call Chase at (800) 945-2000 and let them know you're thinking of closing your account.

A Chase Sapphire Reserve card retention offer is a special deal that might include bonus points or a reduced annual fee - usually the annual fee is waived.

It's worth noting that you don't have to be a loyal customer to get a retention offer, you can just ask for one.

Frequently Asked Questions

How to offset Chase Sapphire Reserve annual fee?

The Chase Sapphire Reserve's $550 annual fee can be easily offset by its numerous benefits, including a $300 annual travel credit. This credit reimburses eligible travel purchases, making it a valuable perk for frequent travelers.

How do I refund my Chase Sapphire Reserve annual fee?

To request a refund for the Chase Sapphire Reserve annual fee, call 1-800-432-3117 within 30 days of the fee being charged and ask to cancel your account. A refund may be processed if you meet the eligibility criteria and follow the correct procedure.

Greg Brown

Senior Writer

Greg Brown is a seasoned writer with a keen interest in the world of finance. With a focus on investment strategies, Greg has established himself as a knowledgeable and insightful voice in the industry. Through his writing, Greg aims to provide readers with practical advice and expert analysis on various investment topics.

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