It's even better than the Amex Platinum for everyday spending on dining and groceries. Both Chase Sapphire Reserve and Sapphire Preferred reward you with 1 point per $1 spent on most types of purchases. Thanks in advance! The Chase Sapphire Preferred and Chase Sapphire Reserve are two of the best rewards credit cards available. Those who spend a lot on Lyft, travel and dining will find the added points per dollar on … We receive compensation if you apply and get approved for a card through links in our content. Is it still worthwhile to open the card? The Uber is not definitively better than the CSR if using the UR portal and valuing points at 1.5cpp. I have been wanting the CSR but held off applying to avoid another hard hit. That is, someone can earn 1.5x UR on every purchase with the Chase Freedom Unlimited (CFU) and/or 5x UR on bonus categories each quarter with the Chase Freedom (CF), and then transfer those points to their Sapphire card for extra value. The Chase Sapphire Preferred bonus of 80,000 points is worth $1,000 (or 1.25 cents apiece) toward travel booked directly through the Chase Ultimate Rewards portal, which includes flights as well as hotels, cruises, vacation rentals, and more. Which card to get? Read on before you take off. Call me at 904-420-7772 to get into the Credit Game NOW. Of course, everybody will weigh these categories differently. While welcome bonuses are only one element in the cards’ offerings, looking at the long-term value, in addition to the welcome bonus, allows you to pick a card that’s going to work best for you beyond the first year. We break it down. Chase has two Sapphire credit cards that are popular among avid travelers: The Sapphire Reserve and the Sapphire Preferred. I am going to use the CSR for all Dining & Travel (obviously) and my CFU for any other purchases (3% for first year bonus, then 1.5%). Trying to decide between the Chase Sapphire Reserve or Preferred card? I do bank with Chase and have checking/savings/Amazon Visa. I see the Chase Sapphire Preferred (CSP) as a niche middle-ground between the better cash-back cards and the Chase Sapphire Reserve (CSP) or American Express Platinum. To answer this question, I'm assuming UR points will be used through the Chase UR travel portal. Is there one more card I could be maximizing on (ie question of CF). Based on this evaluation, the CSP earns 2.5 cpp for each dollar spent on dining and travel, and the CSR earns 4.5 cpp for each dollar spent on dining and travel. Thus, all Chase UR points are worth 1.5 cpp for the Reserve and 1.25 cpp for the Preferred. I could not wrap my head around why so many people could afford this card, so I did what I do best and I made a data plot: Conclusion: The Sapphire Preferred card never makes as much value back as the Freedom Unlimited or the Sapphire Reserve. Read our comparison chart below. It would largely depend on one's own personal value of UR vs MR, which are pretty close. But which one is right for you? The cashback value of this is $150. Those of you that follow our website and channel regularly know that I am a big fan of the Sapphire Reserve. Chase Sapphire Preferred and Reserve are great for travel as they both have no foreign transaction fees. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/ReredditLink.f7b66a91705891e84a09.css.map*/. Conclusion: The Sapphire Preferred card never makes as much value back as the Freedom Unlimited or the Sapphire Reserve. If your income supports a $10k limit and your credit score is really good (>740 would be ideal) then you'll be fine. Are you "in the game" or "on the sidelines?" The Chase Sapphire Reserve ® has a current sign-up bonus of 50,000 Chase Ultimate Reward points after spending $4,000 within the first three months. The Chase Sapphire Reserve® card is known for its unparalleled rewards and remarkable perks, but they come at a price — a steep annual fee of $550. I will show you how to get your 1st $550 annual fee waived in my Ultimate Military Credit Cards course The Amex Gold card is annual fee waived for military. Because 3x1.5=4.5% back towards travel using the UR portal for the CSR, and 2x1.25=2.5% back using the portals, and 4.5-2.5 = 2. Conclusion: The Sapphire Preferred card never makes as much value back as the Freedom Unlimited or the Sapphire Reserve. Chase Sapphire Preferred vs Chase Sapphire Reserve – Sign Up Bonus. For example, I am consider signing up for the CSP this year to meet the minimum spend and get the 50K bonus. Chase Sapphire Preferred and Reserve are great for travel as they both have no foreign transaction fees. Fly Southwest? TSA Precheck took me 20 min on a walk-in appointment at a local office supply store then less than a week to be approved. Chase Sapphire Reserve cardholders will get up to $120 in statement credits to offset the cost of either the all-access membership fee ($39/month) or the digital access cost ($12.99/month). Chase Sapphire Reserve vs. Chase Sapphire Preferred for Active Duty Military 2021. Sort by. ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:12px;padding-top:12px}._3AOoBdXa2QKVKqIEmG7Vkb{font-size:12px;font-weight:400;line-height:16px;-ms-flex-align:center;align-items:center;background-color:var(--newCommunityTheme-body);border-radius:4px;display:-ms-flexbox;display:flex;-ms-flex-direction:row;flex-direction:row;margin-top:12px}.vzEDg-tM8ZDpEfJnbaJuU{color:var(--newCommunityTheme-button);fill:var(--newCommunityTheme-button);height:14px;width:14px}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between}._2ygXHcy_x6RG74BMk0UKkN{margin-left:8px}._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex;margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._3BmRwhm18nr4GmDhkoSgtb{color:var(--newCommunityTheme-bodyText);-ms-flex:0 0 auto;flex:0 0 auto;line-height:16px} Rich people only, I'm sure. The sign up bonuses and perks usually make the cards worth getting, but not necessarily using for every day spend or holding long term. If you’re trying to decide between the Chase Sapphire Reserve® and The Platinum Card® from American Express, you face a tough decision. I heard it's not as good as it used to be. Of course, everybody will weigh these categories differently. I don't exactly blame them though. Most people don’t do that though. See related: Chase Sapphire Preferred vs. Chase Sapphire Reserve. Chase Sapphire Preferred cardholders will get up to $60 in annual statement credits to offset the cost of either the all-access membership fee ($39.99/month) or the digital access cost ($12.99/month). Plug in your estimated values for the following variables into the equation that follows. Am I missing another potential maximizer card? So factoring in the $150 net AF, it's a loss leader. It's to help people trying to shape their wallet to maximize spending bonuses over time, NOT for churners who will try to double-dip travel credits before canceling or downgrading cards (hence why I'm posting in r/creditcards and not r/churning). Of course the best value if from transferring. I mean, who can afford that? How hard is it to get the CSR? I still don't truly get these premium cards for the average person. We break it down. It's a flexible redemption system that allows one to book hotels, flights, activities, rental cars, etc. The 300 credit I think is card anniversary not calendar (people are on legacy calendar though) I could be wrong. I'm not including these things because they are luxuries most people would not have/buy if they weren't benefits of the card. The Chase Sapphire Reserve has a higher earning rate than the Chase Sapphire Preferred. Since UR can be transferred from the Freedom and Freedom Unlimited and redeemed at a higher rate, I'm accounting for this too. Cookies help us deliver our Services. Back when I first researched these cards, my gut reaction was that the $300 travel credit, 3x points/dollar, and $0.015/point would not make up for the $450 fee, but I was WRONG. However, that means the first $300 spent on travel in the year using the CSR does not earn points. But which one is right for you? Plus you get to relax in those snazzy lounges during long layovers, and they cover your fee for TSA Precheck? With the Chase Sapphire Reserve®, you can earn three points per $1 spent on restaurant dining around the world. Join our community, read the PF Wiki, and get on top of your finances! Chase will typically give half your annual income total across all your cards with them. That should be an interesting one, although I can tell you it will very largely depend on one's ability to use the Amex credits. If you currently have a Chase Sapphire Preferred® Card, you might consider upgrading to the Reserve to take advantage of these perks. Here is a chart to help you figure it out quickly. The Chase Sapphire Preferred continues to offer one of the most valuable welcome bonuses on the market: Earn 60,000 Ultimate Rewards points after spending $4,000 in the first three months of account opening. For example, say you spend $1000 on the CFU, which earns 1.5x UR on all purchases, thus giving you 15000 UR points. Thus, all Chase UR points are worth 1.5 cpp for the Reserve and 1.25 cpp for the Preferred. Chase Sapphire Preferred vs Chase Sapphire Reserve – Sign Up Bonus. Why? Is there any hole in this plan that I'm not seeing? Sapphire Preferred cardholders qualify for at least a year of complimentary DashPass membership with DoorDash after activating by December 31, 2021, which saves an average of $4 to $5 … I was hoping you could shed some light on what the CF card is, and what its benefits are? The CSR is only relevant if you can be approved for it, and Chase has high standards for their Sapphire cards. I just booked my first for cost travel back in December. Chase has been one of the most agile, shifting bonus categories and offering new ways to redeem points, particularly with travel-focused cards such as the Chase Sapphire Reserve and Chase Sapphire Preferred Card. The rest of the stuff I get with the card is just gravy. I have no idea what it cost them to arrange that, but it was incredible. through an Expedia portal using their Chase UR points. It used to be a great card when the first year annual fee was waived, then you can just downgrade to Freedom/ Freedom Unlimited when it's time for renewal. The CSP earns, as you noted, 1 point per dollar spent on every day purchases (EDP), and 2 points on dining as well as a very broad travel category. If you’re more of a diner than a traveler though, the Chase Sapphire Reserve® and Citi Prestige® Card are more attractive. Your Chase Sapphire Reserve account must be open and not in default to maintain subscription benefits. Chase Sapphire Preferred is offering 50k points and no fee for first year again. Read on to see which is better for you. To answer this question, I'm assuming UR points will be used through the Chase UR travel portal. Chase Sapphire Reserve vs. best. Please ask questions and contribute to the knowledge surrounding credit cards. Here's how the two compare. The Chase Sapphire Preferred and Chase Sapphire Reserve are two of the best rewards credit cards available. Even with the 1.5x UR multiplier, you get $432 in rewards. Also, earlier this year, Chase made gas and grocery store purchases eligible for the Chase Sapphire Reserve… The Chase Sapphire Preferred card, by contrast, only offers a 2-point bonus on travel and dining purchases. Thus, for the CFU+CSR combo, UR points from the CFU are worth 2.25 cpp. Thanks for your efforts OP! Chase is a CreditDonkey partner. Reserve’s bonus rate is 3 points per $1 spent, while Preferred gives you just 2 points per $1. 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chase sapphire reserve vs preferred reddit 2021