Some of these categories could make the Chase Sapphire Reserve a no-brainer to one person, while the same category will be meaningless to another person. ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:active,._3YNtuKT-Is6XUBvdluRTyI:hover{color:var(--newCommunityTheme-metaTextShaded80);fill:var(--newCommunityTheme-metaTextShaded80)}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{color:var(--newCommunityTheme-metaTextAlpha50);cursor:not-allowed;fill:var(--newCommunityTheme-metaTextAlpha50)}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO{display:inline-block}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} After the travel credit, the difference between the yearly cost of each card is just $155, which comes out to $12.92 per month. Read our comparison chart below. Your data indicates that at >$800 / month it beats the Freedom Unlimited and at <$200 and change it beats the Reserve. ._12xlue8dQ1odPw1J81FIGQ{display:inline-block;vertical-align:middle} Here's how the two compare. 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). How to upgrade from the Preferred to the Reserve. Chase Sapphire Preferred is offering 50k points and no fee for first year again. If you’re a Chase Sapphire Reserve® cardholder, or are thinking of applying, you’ll want to know how you can take advantage of … Make purchases with your debit card, and bank from almost anywhere with your … The Chase Sapphire Reserve has a higher earning rate than the Chase Sapphire Preferred. They’re both outstanding travel cards with benefits that easily outweigh their annual fees. New comments cannot be posted and votes cannot be cast, More posts from the CreditCards community. Been a winning trifecta thus far. There's a way to do the interview as you come in through customs on a trip, but you'd then be doing that trip without Precheck. When I landed at 11pm I realised it. By the numbers, the Sapphire Reserve wins nine categories to the Sapphire Preferred Card’s four. How hard is it to get the CSR? Is there any hole in this plan that I'm not seeing? Also, if you don't normally spend >$300 on travel then you might be tempted to spend money you wouldn't normally. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. See related: Chase Sapphire Preferred vs. Chase Sapphire Reserve. Cookies help us deliver our Services. Are you "in the game" or "on the sidelines?" TPG values Ultimate Rewards points at an even 2 cents each, making this bonus worth $1,200. Why? .s5ap8yh1b4ZfwxvHizW3f{color:var(--newCommunityTheme-metaText);padding-top:5px}.s5ap8yh1b4ZfwxvHizW3f._19JhaP1slDQqu2XgT3vVS0{color:#ea0027} If you are only approved for 2 of them, then each combo of 2 has a defining point at which one becomes better. While welcome bonuses change periodically, they are a large factor when selecting which card to apply for. Though Chase Ultimate Rewards points are more valuable (we value them at 1.26 cents per point, compared to 1 cent per mile for the Capital One Venture card), that’s still not enough to catch up with the Venture card – even if you’re a heavy traveler or restaurant-goer. Which Southwest Credit Card is Right for You? Assuming I transfer the CFU points to my CSR, that's a total of $288. Thus, all Chase UR points are worth 1.5 cpp for the Reserve and 1.25 cpp for the Preferred. Chase will typically give half your annual income total across all your cards with them. 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 am a bot, and this action was performed automatically. I've only been in the US a little over a year, I have decent credit score but a thin file history wise. Thanks in advance! I called the number on the back of the card, immediately got a person who was able to arrange for them to overnight me a card, on a weekend, to a hotel, in Canada. Paid for a hotel, dinner and booze. Call me at 904-420-7772 to get into the Credit Game NOW. Chase Sapphire Preferred - Refer-A-Friend - Chase.com. The cashback value of this is $150. Really wish Uber card put more benefit towards UBER itself lol. 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. If people are nickel and diming everything to squeeze out every penny, they’re not the ones that need to see this analysis, lol did you even read anything in the post? I've started getting mailers from Chase telling me to get the CSP and the CFU. Here's how the two compare. It's a flexible redemption system that allows one to book hotels, flights, activities, rental cars, etc. Chase Sapphire Preferred vs. Chase Sapphire Reserve which card is best for you and which card gives you the best benefits compared to the annual fee. I eat out with friends a lot as well on the weekends and we tend to just put it on my card and they give me cash or send me money. ._2YJDRz5rCYQfu8YdgB_neb{overflow:hidden;position:relative}._2YJDRz5rCYQfu8YdgB_neb:before{background-image:url(https://www.redditstatic.com/desktop2x/img/reddit_pattern.png);content:"";filter:var(--newCommunityTheme-invertFilter);height:100%;position:absolute;width:100%}._37WD6iicVS6vGN0RomNTwh{padding:0 12px 12px;position:relative} Conclusion: The Sapphire Preferred card never makes as much value back as the Freedom Unlimited or the Sapphire Reserve. Now, Chase is launching its latest points redemption offer. Most people don’t do that though. 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. Earn up to $120 in DoorDash Statement Credits through 12/31/2021: Earn up to $120 in statement credits on qualifying DoorDash purchases through 12/31/2021 – that's $60 in statement credits through 12/31/2020 and another $60 in statement credits through 12/31/2021. Now I’m actually planning a trip, and I wish I had all the benefits of the CSR. Military Money Manual … However, since bonus categories on the Freedom change, its really impossible to show all possible scenarios. Further, it's important to account for spend on non-bonus categories that earn UR. Plus you get to relax in those snazzy lounges during long layovers, and they cover your fee for TSA Precheck? 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. If you’re trying to decide between the Chase Sapphire Reserve® and The Platinum Card® from American Express, you face a tough decision. It does not consider downgrading/cancelling. In short though, if you spend >$3400/year on dining and travel combined, the CSR will always be worth it over the CSP. Chase Sapphire Reserve vs. But then I found that it was more frequently recommended in this sub, and there are numerous posts of people asking about how and when to switch their Preferred card to the Reserve card. Last year I decided to finally get a travel credit card for myself, since I travel coast-to-coast twice a year to visit family. 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. hide. Our Analysis of the Chase Sapphire Reserve vs Preferred. 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. Press question mark to learn the rest of the keyboard shortcuts. Press J to jump to the feed. Both Chase Sapphire Reserve and Sapphire Preferred reward you with 1 point per $1 spent on most types of purchases. Now I'm just debating if I want to wait the 2 years after I got the Preferred card so that I can get another sign-on bonus, or just go ahead and upgrade. Read our comparison chart below. If however you do give a substantial monetary value to these benefits, the amount you need to spend for the CSR to be worth it is less than what the provided equation/graph give. 3x on groceries up to … Choose the checking account that works best for you. Lastly, the CSR comes with a $300 travel credit. 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. If the value you get is greater than 0, the CS Reserve is the right card for you. For the CFU+CSP combo, UR points from the CFU are worth 1.875 cpp. If you’re a Chase Sapphire Reserve® cardholder, or are thinking of applying, you’ll want to know how you can take advantage of … 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. You'll have to pay the higher AF, but since the sign-up bonuses are the same, you didn't miss out on anything there, I wonder... next chart to compare CSR and Amex Gold. The protections offered by the Sapphire Reserve have higher limits and kick in sooner for some benefits — but for simplicity, I won’t consider those differences when comparing the cards. This means that the amount you need to spend on travel alone to make the CSR worth it over the CSP is not the same amount you have to spend on dining alone to make the CSR worth it over the CSP. 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. 6 months later I couldn't help but wonder, why do I have this card if I'm just breaking even with the fee? We share our thought process when deciding between the two cards. (Assuming you can be approved for the CSR and you spend at least $300 in travel/year, see edit 2.). Hello there. Thank you for mentioning those, I'll add them as edits. Thus, all Chase UR points are worth 1.5 cpp for the Reserve and 1.25 cpp for the Preferred. This thread is archived. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} share. Some more specifics to the Sapphire cards: $300 Travel Credit (very flexible and easy to use). Trying to decide between the Chase Sapphire Reserve or Preferred card? What would the consideration for this be for a married couple? It's worth noting that "ideal" Chase point redemptions are done via transfers though, not just spending them on travel through the portal. I mean, who can afford that? Press question mark to learn the rest of the keyboard shortcuts. Hot Tip: While the 100… Rich people only, I'm sure. The Uber card is better as a true cashback card to both, but anyone browsing these forums isn’t using a Sapphire card as a cashback. When redeemed for travel rewards through the Chase Ultimate Rewards portal, those 50k points are worth … ’ m actually planning a trip, and this action was performed.... 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