The PROBLEM with the Chase Sapphire Preferred
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- Опубліковано 30 січ 2020
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Chase Sapphire Preferred and Reserve Comparison
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Chase Sapphire Preferred
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Chase Sapphire Reserve
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#ChaseSapphirePreferred #ChaseSapphireReserve #ChaseTrifecta
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You should update this with current offers, and run numbers again. Sapphire has some amazing benefits right now.
I just got approved for CS preferred card. With their new bonuses do you think reserve still win?
The problem with the Chase travel portal is it tends to be more expensive than each airline's website. So I typically just book airfare from whatever airline company's website directly.
I also use Lyft on a regular basis, and the 10x over the 5x boost is a huge deal and makes the CSR a no brainer.
I actually also like and prefer Lyft and use it when I travel. I'll get value from it as well.
I'm fresh out of college and the reason I'll be applying for the chase sapphire preferred over the reserve is mostly because I don't fully know how much I'll be traveling (I do want to travel though) and I don't wanna be forced to try and attempt to travel every year to use that 300 dollar travel credit. The preferred will allow me to rack up UR points and use them for travel whenever I want and since I have a chase freedom and freedom unlimited card, it'll boost those cards point values by another 25% redeeming them through the portal to make it 1.875% return on all purchases with my freedom unlimited card and 6.25% on my freedom card. And once life settles down this card will give me an idea if this is a lifestyle that fits me and if it does then I'll upgrade to the CSR
Yep, that makes sense. If you aren't ready to spend thousands of dollars of your own money yet traveling, then the CSR is not a good fit for you.
@@JakeBroe I'm kinda in the same boat. I wanna do traveling, but I dont think my spending will be enough to reach that point where the CSR overtakes the CSP. Also I plan on applying for a new credit cards (mostly no annual fee cards) every time i complete a signup bonus. So that will require a certain amount of spending on top of meeting the spending for the CSP break even point. I'm gonna do the 3 chase business ink cards after I get the prefered which will make me at 4/24
So you just transfer your points from the freedom cards to the sapphire preferred portal and they will have a greater value?
@@juanvaca905 yeah you just transfer ur freedom/freedom unlimited points to your preferred account
Great breakdown man. I was still actually considering the CSR for my next card. But I think I may open the Business Ink Preferred just for the 80k bonus. That 1k in portal redemption. But of course it’s a one time thing, unless I open a new car for a different business 😎. Finally I’m 4/24, so trying to make a wise card decision next. May I’ll do both, but gotta make sure I can hit the minimum spend.
Chase Business cards don't count against your 5/24. You really should just get all three of them before getting the CSR.
@@JakeBroe Yea I thought about that as well. I'm just trying to time it correctly before my next trip. I already have 2 Ink Cash. I then may consider getting the Ink Unlimited next since there is no annual fee associated. Once I get the MSL there, I'll try to get the Ink Preferred, then maybe the CSR. I just wonder how much credit my business cards will get. If I hit my max, I'll get a recon and move credit around.
I appreciate you providing the math and budget for your breakdown. Another thing to consider; some in this community arent necessarily "all in" on either Chase or Amex. We have our feet in both ecosystems and like diversification in our point currencies. The math provided implied ALL the yearly expenses on Chase products. For those that diversify our points and have the AMEX Gold for example, it makes since to have the CSP because we use Amex for Food/Groceries and the CSP for the broad travel category and transfer partners. With the Amex Gold having an effective Annual fee of $30 and the CSP having an annual fee of $95, you essentially gain access to both ecosystems for $125. All that being said, if I were in only one ecosystem, I like your philosophy on the CSR.
Alvin Samuels THIS IS SO TRUE! I was planning on a mix of both Chase and Amex ecosystems. Hoping to eventually run a CSP, CIC, and Amex Gold set up
Yep, I am the same way. But I wanted to analyze just a comparison between the two. A lot of people don't have any AmEx cards and are new to the points game. Chase usually comes first anyways.
A friend of mine uses both cards too.
The Amex Gold and the CSP.
I love this channel. It’s interesting, logical and practical! Keep up the awesome work!
Thanks Diana! I appreciate that!
I was all ready to jump on the preferred since I have enough spend to get the points but now you make me think hmm not so fast. Thanks for the numbers.
It all depends how much in a year you travel. Glad you are thinking about it before committing to a card!
Thanks for always putting out great info! I'm Active Duty air Force stationed at Travis in CA. I look forward to your videos as I can relate to them a lot. I find that I'm able to benefit and maximize my spending and earning more with the help of your videos!
That's awesome, Jonathan! I'm glad to have you with the channel!
Great analysis. Thank you for doing extensive research in order to guide people like me.
You are very welcome, Patandar! Thanks for the comment and support!
Great analysis Jake! I remember when I applied for my CSR, which was 1.5 years ago that the CSP was heavily advertised and had to "dig" to get to the CSR. I didn't understand why they would try to "hide" their flagship card. But them losing money would make sense.
Yep, I think Chase would rather people get the CSP. But they need people to hold i multiple years.
Nice vid Jake. Great info👍🏾
Thank you so much, Glenn! I appreciate the comment and support as always!
Excellent video once again jake!
Thank you very much!
I don't know if anyone has mentioned it, but since Lyft is essentially for the US, the perk is useless for international travel ( which is when I use rideshares). People like me should value Lyft at $0 in doing the calculations. Also I really love your videos - clear and easy to understand!
Thanks Louise! Yeah, I have the AmEx platinum and get a $15 Uber credit a month. I went to Toronto and was happy to finally use it and then learned you can't use the Uber credits while traveling outside the US. What's the point of including ride share benefits on travel cards when you can use them while traveling? Ridiculous!
9:10 Although I see and agree with the point you're making, the Citi Double-Cash got rid of nearly all travel benefits (rental insurance, cancellation/interruption/delay protection, travel accident insurance, baggage delay protection, etc). So now, it's only a 2% back card with no benefits whatsoever.
Yep, I agree! If you value the CSP for its static abilities when purchasing flights or renting cars, then it is worth the $95 to you. But the card should not be used for buying anything else because it's point redeeming potential just slowly loses you value when you factor in the opportunity costs of using other card setups for dining and travel.
I have the amex platinum and with The 80k sub on the preferred do you now recommend this card over the reserve and holding it until I qualify for the sub with the reserve?
best video I've seen on these numbers. Thanks Jake!
You are very welcome Sandra!
Thanks for the great video! Out of curiosity, is your intro inspired by ask Sebby? The hand motion, tone, and what you say is almost exactly the same.
Hey Devon! I do follow Sebby,'s channel but I am just being myself. I think he and I are just both very nerdy, analytical types and it's a coincidence that how we prefer to start are videos is similar. Eventually I need to incorporate a more exciting intro, haha. Cheers!
@@JakeBroe ah, ok. That makes sense and I appreciate it regardless. Thanks, again!
Chase just setup the Sapphire preferred to be the card for welcome bonus hunters... multipliers are ridiculous
Can you do a comparison with the new preferred (3x dinning + hotel credit)?
What about in combination with the Amex Gold/BBP and Freedom?
For me, the CSP makes more sense in that it’s only a backup for me when my Amex Gold isn’t accepted for dining and a means for me to use the Freedom and occasionally Freedom unlimited points to transfer partners. (Usually Hyatt or SW)
I don’t find myself often buying travel with money, and have almost exclusively used points/miles for my travel in the past few years.
I used to have the reserve but I never used the lounge access and it was a bit of a chore to hit the $300 in travel spending. Is there still a compelling reason for me to go back to the reserve or should I stick with the CSP?
I made a ChamEx Quadecta video you should check out. ua-cam.com/video/Ekf23yGHWyg/v-deo.html
If you have difficulty spending $300 a year in travel, then maybe having high annual fee credit cards is not in your best interest.
I think there is a place for the CSP, and you (Ryan) are pretty close to the demographic that would benefit. Occasional traveler, but someone who (like me) wants to do all my travel on points, and not really use the "travel" category because you're not spending much money on travel! But still want the protections and need one of the 3 cards that "unlocks" the modifier and the travel partners.
I'm using the CSP simply as a conduit to Hyatt points and using the Chase Freedom 5% categories to gain the points. I don't use the CSP for any other reason bc I use the Wells Fargo propel and AMEX BCE to get 3% on groceries, gas, travel, and dining (when not using the Freedom 5% categories)... This actually equals 4.5% back for flights with transfers to my WF Signature card.... With this I come out way ahead using the CSP over the CSR... I have high cash back returns, high returns for Hyatt, and high flight returns too... I LOVE my hybrid strategy, especially for only a TOTAL of $95/year in annual fees.
I would like to see the CSP move up to $150 AF, $30 Doordash Credit, 5X with Lyft, to really step up their game. Joking aside, of course changing it to 2X Gas and grocery as a complimentary card, would create quite a stir. Great video BTW, you and Waller have great potential for growth in 2020.
Thanks TJS! I'm am also going to call it now, the annual fee for the CSP will get increased by the end of the year. $150 sounds about right but it could go higher. The game plan of course is adding credits that look like they offset and then most ordinary people blow them off.
Are you nuts!? Why would you want to pay more money!? Door dash doesn't exist where I am. People need to stop with thinking "effective annual fees" mean anything. Want to impress me? Give me the money back.
I actually made a spreadsheet of all the points I earned last year with my trifecta and calculated both with the CSR and the CSP. The CSR came out on top with only the travel credit and points.
Cool! We reached the same conclusion.
I like it and appreciate you not factoring in the sign up bonus and some extras. That said, I try to keep my dining out each month to well under $300, so I’ll probably stay with the preferred. Thanks for the video! I’ve subscribed because of your realistic numbers/not using the sign up bonus in your calculation.
Thanks Devon! Welcome to the channel!
I think im going with the Wells Fargo propel instead of the sapphire preferred. 3x on dinning, gas flights and hotel with no annual fee.
It's a solid card!
Let us know how well the travel portal is for the WF Amex Propel card. Not many videos out their talking about the travel portal for WF compared to Amex and Chase.
Beyond the sigh up bonus, the Chase Sapphire Preferred doesn't offer much. The point multipliers aren't good, and even with the boost from the travel portal, you can get more value on dining and travel from the Wells Fargo Propel. The travel protections are nice, but you can also get those elsewhere.
A point about priority pass though is that it's only useful if you're going to an airport that has a lounge. The two airports I fly out of most often don't have a lounge and neither do most of the places I fly to. There's definitely value to having priority pass, and I got to take advantage of it last time I traveled, but when running the numbers, make sure you're realistic about how often you'd use it.
Something else to consider with the point earning is that you can get more value from the Wells Fargo Propel than with the CSP, so that should be the comparison to see if the CSR is worthwhile, which would make the difference $68. Still, that requires an additional card so is more complex, and you'd also probably want to put a lot of the travel on the CSP for the travel protections. The math can get really interesting here.
All good points, I agree. I still tell all my family and friends to just stick to the best no annual fee cash back cards... if people want to chase these luxury cards for sign up bonuses and the close or downgrade them in a year, that's fine, but then they are credit card churners. I try to focus on videos to improve optimization on spend.
I got it last year for the 80k points then will product change to the Flex. I use the Ink Preferred with 3x on travel for the same $95 and for the transfer partners.
Good info
Good comment!
Great breakdown, Jake! I have the CSP, but only got it for the SUB and then I'll use a transfer partner that is the same as Amex. I'll downgrade the CSP at the end of the year.
Yep, it's a great SUB. Getting it for just one year is a good idea.
Going to product change to a second freedom in May the csp I feel doesn’t benefit much anymore for me. I feel like it’s just good for the transfer partners
The Freedom card is excellent. I wish I had a second freedom card!
I really think the CSP needs to become more competitive. Since Amex BBP card gives 2x back everywhere that's become my go-to. Great video.
Thanks Jackson! I agree, the BBP's 2x on everything for no annual fee crushes the CSP.
Great video
Great comment, Spencer!
Jake should I get the reserve versus the prefer even if I don't travel just for the rewards like cash back is it worth it?
If you don't travel, I don't recommend either of these cards. The 1.5 portal boost for the reserve is great, but you have to book flights and hotels (that you were going to take anyways) with Chase for the Reserve to make sense. Otherwise the $550 annual fee loses you money. You are better off just getting no annual fee cards with good earning rates!
@@JakeBroe thanks Jake!
Great video, what if your partner already has the CSP and referred you to the same card which would be an additional 15k points. We only travel a few times per year. Would it be worth it to apply for the CSP as well? Thanks!
Sign up bonuses and referrals are great. If you want to get the card and then downgrade or cancel it after a year, yeah you will be net positive of course. On my channel I try and focus on which card setups give the most value for people who want to hold cards long term.
Does upgrading and downgrading your chase preferred and reserved affect your credit score ?
Nope, no impact on score!
Thank you for the video for normal people who don't have rental properties or business. I don't really eat out or travel, only use my chase unlimited for every day use like groceries, bills , etc to earn 1.5% so CSP or CSR is not very useful for people like myself imo
You are very welcome darkhumphrey! Cheers!
I have the preferred right now. While I can definitely see the value in the CSR and Maybe in a few years i will get it and get rid of the CSP but that $550 upfront is a tough pill to swallow. I will really need to see where my spend is at the time and compare the CSR, the Platinum and the US bank altitude reserve.
For sure, everyone' situation is different! Those three cards are also all good options when you are ready to upscale.
what do u think of this strategy? wat if we have CSP for now to pool points from various chase cards (CFU, CF, CIBP which will be DG to CIBC) for 2 players, then when we have an upcoming family trip come 2022 maybe have P2 apply for CSR transfer all pooled points to the new card and then DG CSP to CF and then redeem points for airline tix through Chase portal using new CSR?
Hey Bam! Yep, people definitely do this. It's a good strategy for a family trip for sure.
Hey Jake, can you use the $300 airline credit to buy an international flight ticket? or it work the same way as the AmEx $200 credit
Yep, it works for anything and everything related to travel. Not like AmEx's incidental fee at all.
@@JakeBroe awesome, that'll probably my next card and ill cancel my amex
if i want to get the sign up bonuses for both cards then I have to wait 4 years before getting the other the reserve after getting the preferred is that correct?
Get one card, wait two years, then get the other card. Then you can get both bonuses. So really only 2 years.
Technically, if you want to truly value those credits as low as possible, they need to be at $0. You might prefer cooking at home and never use the food service, and already have lounge access from another card. And yeah, I know everyone's situation is different and these videos are only mainly to provoke thought and calculations and for that you're doing an excellent job. You truly do offer some new perspective and insight in this space of credit card enthusiasts on UA-cam. Good job!
Thanks so much Istaria! Yeah, I try to be pessimistic with my calculations just because so many other UA-camrs just default give everything 100% of their value. When someone includes referral links... i imagine its hard for them to make a video that then concludes them not to sign up for the card.
@@JakeBroe I feel the ones I watch (although I wouldn't call Graham a credit card UA-camr, he just loves credit cards on the side) have enough integrity not to push a bad / situational product - they also seem well off without needing to do so. Additionally as far as I know these referral bonuses are capped at like 5 per year or something not very high, so all they need to do is to make one video about the subject and they're at their cap.
Everyone has their own bias, which is why more is always better! I actually really like your take on these. Keep 'em coming.
@@eowendyl , most of the card youtubers use the website creditcards.com to earn commissions on referrals. Their short links are everywhere. There is no cap on referral commissions for partnering with that website.
I feel the same. The only reason I got csp is because that I got a 70k bonus. After the math I don’t think I’ll be spending 20k in a year on travel + dining. And I’m going to upgrade it to csr after a year so I can get more value from the bonus.
Solid plan!
Great video... I assume from your numbers that this card would earn enough points to offset the annual fee simply from just dinning out 300$ worth per month?
$300 x 12months x 2(x points) x .0125(portal redemption) = $90
So actually no, if you just spent $300 a month with this card dining out you would net lose $5 from the annual fee.
Are either card a charge card? Do i have to pay in full each month after promotional period?
They are not charge cards. You can carry over a balance. But I discourage you from doing this.
I’m a senior Traveller. The a reserve card offers better travel protection for delay, lost luggage, trip cancellation etc and the peace of mind.
The protections are very nice!
Thanks I’ll stick to chase freedom
great video!Actually just filmed a chase sapphire preferred overview video that is releasing tomorrow! Keep it coming
Sweet! Keep posting!
@@JakeBroe I don't plan on stopping grinding out these videos!!
Great analysis, crux being #slowrunnersbeslow. Is there a low end range where the math says Preferred > Reserve, where other cards might not be the answer (boundary condition)?
I did the math on a scratch piece of paper and there honestly is not. The $95 annual fee hinders it too much when it goes up against a 3x no annual fee cash back card like the Wells Fargo Propel. People still might want to use the CSP because it is a Visa and has travel protections, but the annual fee and the low 2x multipliers makes this card a net loss for users against either no annual fee cards or the CSR.
How do u use the door dash credit on the preferred?
The Preferred doesn't give you a door dash credit. You get a door dash subscription pass for $0 delivery fees on orders over $12. But no credits.
Is there a way to get the sign up bonus and then downgrade to a no annual fee card? For example if you travel once every few years so you get a premium card get the sign up bonus take your trip on points would you have to close the card after or couple you downgrade until you wanted another trip?
The Chase cards can be downgraded into either the Chase Freedom or Chase Freedom Unlimited. Both have no AF. Downgrades can only occur after you've had the card for one year (i.e. after the second annual fee posts).
In there terms of condition you must hold the card for 1 year and pay 1 annual fee, but then yes, you can just get the bonus and then downgrade the card to a Freedom card which is no annual fee.
I'm torn between CSP vs AMEX Gold. Which one do you recommend? Which offers better value when booking thru their travel portal?
Hey Lahian, I would recommend the CSP since I like Chase's travel portal much better.
@@JakeBroe thanks for the reply Jake! What if I decide to amp it up and go with either CSR or AMEX Platinum? Which one do you recommend overall? 😄
The slight additional benefit of the Chase portal don't come near to compensating for the mediocre 2X back on just two categories. If the CSP were free, I'd never use it. I would lose too much by not using my other cards with better multiplyers.
Yep, exactly. 2x back is just so meager.
“The more you spend the more you lose with the Chase Preferred “ with that said , this coronavirus quarantine puts the chase sapphire preferred ahead . My travel and dining spend as been 👌🏻 and it would be for most of the year . 2020 is the year of no annual fee credit cards
I tend to agree. I personally only recommend no annual fee cash back cards to family and friends. They can't screw it up.
I disagree. The reserve's 5x on groceries with 1.5 boost is 7.5% on groceries. Not too shabby.
Me too! I wanted to upgrade, but with coronavirus, I can’t travel. So lately I was thinking if I should go ahead and upgrade to CSP or down to the Regular Sapphire. The math shows it is approximately the same as a citi double cash card so I will keep the CSP. Thanks to Jake I feel better
Which is better?.....depends on the spend. Set up the two equations, set em to equal each other, get ur break even.... spend over = reserve, under = preferred.
Yep, the problem is that it's a low number. And the lower the number, the more it just makes sense to be using a no annual fee cash back card to avoid the $95 annual fee.
You didn't factor in the Priority Pass restaurants which gives you up to $28 per person for a meal. I travel with my wife, so that's up to $56 every time we can hit one of those restaurants in an airport. You may argue that it's hard to eat $28 worth of food, but not at airport prices. And if you have excess money you can usually get a couple of bottled waters to take and a few snacks and desserts to go. CSR also credits you with one Global Entry/TSA Pre-check, plus the trip delay insurance and emergency insurance is better.
Yep, I didn't factor in dining or TSA precheck because I wanted to demonstrate how even under the most pessimistic circumstances, you still come out way ahead holding the CSR over the CSP,
I got the preferred to get 60k bonus. After year one, I will either upgrade to reserve or downgrade to freedom. (I already have a freedom, can I downgrade and end up with 2 freedoms?)
Yep, you can have 2!
Good video, I replaced your numbers with mine and the Preferred wins hands down.
Awesome!
this also doesn't count the added points boost you get from transferring your UR points from freedom and freedom unlimited. Or even better if you're married, and one of you has the sapphire reserved and both of you have a freedom and freedom unlimited. The added 25% boost should more than make up for the $100 difference.
Yes and no. Any points you transfer to the preferred COULD have gone to a reserve and would have been worth 25% more. Adding more points doesn't help the preferred. The gap widens.
Do a Priority Pass video how to use and best to use with
I will look in to it!
I'd also add Chase Ink Business Cash into the fake budget. I find it easier to use than the Chase Freedom.
Yep, that's a good card!
What about the years after the first year of signing up. The $300 bonus, is it offered every year?
No, sign up bonuses are only the first year when you sign up.
The $300 travel credit IS added again each year. That’s how the $550 annual fee is justified
Chase does provide Primary Car Rental Insurance for the Sapphire cards ( I have the Sapphire Preferred card). What is the difference in Primary Car Rental Insurance benefits between the two cards?
I don't know that. I imagine it's the same.
Chase ink preferred I think is the card to get
Those business card sign up bonuses are amazing!
I must be the only one who values the priority pass and lounges on my amex card. I literally can recoup my whole amex platinum fee just by saving on alcohol at the airport. I take alot of long international flights and a couple cocktails and bottles of wine before a flight lets me sleep most of the flight lol
Nice! For sure, the more your travel and fly, the more these "travel" credit cards make sense. But I think there are a lot of people who get these cards because they WANT to travel, and they realistically don't unless they are using the points they earn.
Hi Jake so I got my CSP in 2018 and got the sign up bonus. I went upgrade it to CSR 2019 then downgraded to a freedom Jan 2020. I have a old Freedom which I PC to CSP and plan to keep 1 yr then PC it again to 2nd freedom or CFU. When would I be eligible for CSP SUB?
I believe you have to wait 24 months from the last time you get either Sapphire bonus before you are eligible for another Sapphire bonus with either card. This rule might have changed recently, so I cannot say for sure.
@@JakeBroe it is 48mos but not sure is from last SUB or when I PC the time I have not sapphire
@@amherst2013 , I'm sure if you google this someone has to know, haha
@@JakeBroe not worth the wait
I have the CSP and I have to admit the CSR is still better. I got the 60k sign up offer but I intend to upgrade to the CSR after the first year is up.
I'm doing the same here, I don't plan to use the points until I've gotten the CSR. I think of the CSP as only a backup in most cases if I choose to use applicable spend.
That was my plan too
Yep, both bonuses are great for people who chase sign up bonuses.
Same here, I just received the preferred, but eventually I will upgrade to the CSR.
I too signed up for the CSP first to get the higher bonus. My next move is to refer my wife so she can get the card and the bonus (since the CSR I don't think has a referral). Then I plan to upgrade to the CSR myself.
why are ppl expecting this card to be like some top tier travel card? its a 95 annual fee card, chill . . .the signup bonus pays 6 times over the annual fee
Thanks for the comment and support Truc!
Do you get the sign up bonus AND the points for spending $4,000?
Yes, you still earn points on the spend required to hit the SUB.
I have 25,000 point with my Freedom Unlimited. Can we transfer those point into my Sapphire Reserve ?
Yes, all your Chase ultimate rewards points automatically pool together, including the Sapphire Reserve.
I applied and got approved for the reserved. Does anyone know how long it takes for the 60,000 points to hit your portal after you spend $4000?
For me it was pretty fast. A couple days after I went over.
Does Chase waive annual fee for active duty military like AMEX?
Yes, they do.
Plus spouse!
I finally justified getting this card to myself mainly because I have a Dashpass subscription. So, why not save $25/year on that?
And, if they ultimately get rid of that at the end of 2021, I can at least downgrade to the freedom if I don't get enough UR points to justify the annual fee.
If you value the DashPass Subscription, you can definitely factor that in! The SUB is incredible regardless and justified getting the card, it's up to you how long term you want to hold and use it.
I would love to get the CSR but that bummer 5/24 rule mannnn
It's a serious bummer...
Appreciate the worst case scenario
Well this sucks. I got the preferred in October to booked my NZ trip got the bonus plus used it the entire time in NZ and got lots of points. And been using it every day. Now your telling me I could of had more if I would of got the Reserve and spend the $450 annual fee? 😑 Well now what? Get rid of my preferred and spend the extra fee on the reserve? And transfer my points over? 🤔
Yeah, the 3x multiplier is 50% more than the 2x for dining and travel. If you intend to travel more in the future, you might want to consider upgrading to the Reserve after a year, or start looking at other cards.
Here is my take. If you use the chase portal and travel a lot, the CSR is worth it. However, if you use transfer partners the benefits of the CSR barely outweigh the CSP. Also, the 1X extra on dining isn’t worth it because the Amex gold card is the king of that category. In short, CSR/CSP is basically a backup dining card and a card to be use transfer points earned on chase 5X cards and for travel protections on travel bookings. CHAMEX quadfeca all the way!
Haha, #TeamChamEx
I like the preferred bc I can refer people and get $150 for each referral
Yeah, if you can get consistent referrals, then the card pays for itself.
Remco S Me and my friends(19 years old )are in college so we the sub for a trip and then we downgrade and then we gonna get the csr in 4 years for another bonus
Will my wife received a 60k bonus on a new CSP if she opens her own? I ask because she is already an AU on my CSP.
That is a good question... I honestly do not know. I would get on the live chat with a rep and just ask. It's a question they can answer.
they said that they originally nerfed csr and improved bonus of csp because chase is losing money with csr, therefore they are encouraging more folks to get the csp.. however, i would gladly take csp over csr even with a 50k signup bonus if they had just made it 2x on all purchases..
Haha, I would take either a 2x points or 2% cash back card on all purchases. I have no loyalty to Citi and their doublecash card.
@@JakeBroe agree.. if csp has 2x all purchases at 95$ af, i would take it over csr even if csp has no 300$ credit, no global entry, no lounges...
how or what you spend 4,000 dollars in 3 months some tips that can help me without spending more
I have a pay as you go month to month phone contract with Verizon. I can pay as much as I like in advance with a credit card for no charge. Pre-paying car insurance is another good option.
You're absolutely right! I was in denial about keeping this card because of the low annual fee. Between traveling at least once domestically and once internationally a year plus public transportation and Lyft I spend way over the amount that's required to get value from the CSR. I just received the bonus for the CSP. I have the CFU and I plan on getting the CF in a few months. I'm definitely upgrading to the CSR in November after year one.
Sweet! You'll have the Chase Trifecta completed then! Then you can start getting their ink business cards, haha
CSP would be better if you never use it to acquire points, instead only use it to transfer points you earn from other, better earning chase cards: ciu, cip, cfu, cf.
Even at 3x, CSR is not a top point earning card anyway.
Yep, pretty much!
Jake you should start putting in-video ads. Great way to increase ad revenue!
Yikes, I did. There should have been two. Why aren't you seeing them? lol
@@JakeBroe I saw the ads. They are in there.
@@JakeBroe I didn't see any.
You should have compared s smaller budget
Haha, I have other people saying I should be comparing a larger (family) budget.
@@JakeBroe but we already know that the Reserve does better with higher cost unless I'm missing something.
not a win win. They could ditch to amex
Always a chance. Chase doesn't seem to care though.
Aren't you in the military!? You're not paying fees.
Correct! But i know that 99% of people are not in the military. I try and make videos useful for everyone.
9:02 $284 not $285
Close enough
Good catch, ironically the math subtraction total is still correct. Not sure how I typed the wrong number.
Be prepared to pay 800 soon they low key wanna be amex ....
Jake. the only people who should be getting this card are people who travel and who travel regularly. If you do (and you do it for work and get reimbursed which is even better..) this card's EFFECTIVE annual fee is 550-300-60 = 190. People who travel regularly are GOING to use the Doordash credit because Doordash, even if it doesn't work in their home city, will most likely work in whatever city they're traveling to. Also, the Amex Gold card has a 10.00 per month DINING credit on Grubhub. This is also something thencan use when traveling (and getting reimbursed). They can pocket these credits and/or use them towards the annual fee. This card essentially only went up 40 bucks. It's therefore, still worth it. The people who are whining about the fee going up were either struggling to make the 300 credit or shouldn't have it to begin with as they aren't travelers. There are other cards for them. Even in the example you gave (3k for year for travel) is STILL too low of travel spending.
3K is low? haha, everyone's spending is different
OMG all the games these people play! Who has time for it! They are almost as bad as insurance agents!
Haha, maybe they are even worse...
QUESTION: Preferred or Reserve.LOL. Why does it cost me $1200-$1500 to travel USA Houston to London return (Portal) but my UK based sons $800 to visit us return ?
It's all in the mysterious process of airline pricing.
neither are worth it for me, I'll stick with my Freedom Unlimited
Bradley Jackson then you need to get Citi double cash which gives you 2% on everything you spend or you can stack up your points with Freedom unlimited and get either Preferred of Reserved later on so you can transfer your valuable points.
@@chrisjin8794 I actually have the PayPal MC which gives 2% back on everything..
I don't have either Freedom card. I am locked out of Chase for a while, lol
Do you think it makes sense to get the Freedom Unlimited and later upgrade to the Chase Sapphire Preferred when I can do some traveling?
I just don't want to lose my last Chase Slot.
I'm about to fall into the 5/24 rule.
I'm still deciding between the Chase Bonvoy boundless or the Chase Freedom Unlimited, so I can later upgrade to the Preferred.
Which card should I get?????
Currently I'm holding the Chase Freedom Flex.
I just downgraded my CSP to CFU yesterday. In my opinion the United Explorer has much better perks for the same $95 annual fee.
I agree, for $95, you would be better off with that card.
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Did you just steal Sebby’s intro?
Literally half of all UA-camrs say "Hey guys, welcome back to the channel." Pretty sure that's not trademarked.
@@JakeBroe Just so we're clear I'm only teasing you. But you did do Sebby's litle hand wave along with the "Hey guys". Just saying.......
Hey Sebby does not have genuine videos since he just puts all business expenses on his cards. It's easy to redeem 100k in points multiple times a year (and have all these lavish trips) when it's not your money.
Jake brings it home for us "normal" spenders.
@@AviationDirection I'll explain to you as well, I am teasing Jake. I'm sure he watches Sebby, and everyone has their niche. His intro to this video reminded me a lot of Sebby's and I thought it was funny. Don't worry, nobody is going to be harmed or sued when this is all settled.
Man, they both sound kinda bad after the bonus.
Haha, yeah, year to year spend it's not that much.
The chase travel portal sucks. Travel cost more than it would if you book directly through the airline
Yes and no. Depends on the airline. It's always a good idea to compare a couple different websites before making a booking.
First your math is off the effective annual fee for Sapphire Reserve is $265 not $250. You're forgetting the fact that you lose points on that $300. Secondly if you ever been in a priority pass Lounge you wouldn't value it at $10 a visit. I was in three of them in the last week and I value the sum total of that benefit at about $3. You pretty much are correct that the doordash credit is effectively worth somewhere between 15 and 25 bucks. I have a card that pays me more on dining than the sapphire Reserve so that's moot. This was a total garbage change on Chase's part and my plan is to downgrade my Sapphire Reserve to Freedom and move most of my spend to some other ecosystem.
Freedom card is a good no annual fee option.
Yeah but $550.00 per year! I would rather get the Amex Hilton Honors Aspire Credit Card that gives 150k Points and Diamond Status!
Me, too, personally. I meant for this video to be a comparison just between these two for people who were dead set on get one of them.
I have both aspire and CSP. I don’t need another priority pass from CSR.