Those who spend a lot on Lyft, travel and dining will find the added points per dollar on … 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. 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. Both also give you extra on travel and dining, which is where the primary difference in their ongoing rewards can be found. 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). Related: Chase Sapphire Preferred vs. Chase Sapphire Reserve: Which is best for you? Now I’m actually planning a trip, and I wish I had all the benefits of the CSR. 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. Been a winning trifecta thus far. The Chase Sapphire Preferred is aimed at the casual traveler, while the Chase Sapphire Reserve attempts to take the crown as the world’s most … But now, the Amex Platinum offers 12 months of complimentary access to Uber Eats Pass, valued at $10 per month, when you enroll by Dec. 31, 2021. There's a key way in which the Chase Sapphire Reserve® offsets that annual fee difference. The take away from this, is first think about how much you spend each year on the CF and/or CFU (from $0 to $10k in $1000 increments) and find the corresponding line. Oh jeez really? That is, with the CSR, you don't start earning points for travel until after you spend $300 in your cardmember year. ._1PeZajQI0Wm8P3B45yshR{fill:var(--newCommunityTheme-actionIcon)}._1PeZajQI0Wm8P3B45yshR._3axV0unm-cpsxoKWYwKh2x{fill:#ea0027} Slept in the next morning, went to breakfast, and when we got back my card was there. 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. Chase Sapphire Preferred: Chase Sapphire Reserve: Annual fee: $95: $550* Earning rates: 5x on Lyft (through March 2022) 2x points on travel and dining. Additionally, Chase offers the possibility to transfer points from other UR earning cards to the CSR or CSP, which can then be redeemed using the bonus multiplier. I just applied for CFU and I am 99.99% sure I am getting the CSR. 10x on Lyft (through March 2022) 3x points on travel and dining. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} 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. I got the CSP several months ago just to hit the sign up bonus and then dump, since I had no immediate travel plans. Trying to decide between the Chase Sapphire Reserve or Preferred card? It's even better than the Amex Platinum for everyday spending on dining and groceries. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. The easiest point value assessments I would use for that would be 1.25cpp for MR assuming Schwab Cashout, and 1.5 cpp for UR assuming use in UR portal. Even with the 1.5x UR multiplier, you get $432 in rewards. Will I be able to downgrade the CSP before the next year's annual fee? I'm not including these things because they are luxuries most people would not have/buy if they weren't benefits of the card. If the value you get is greater than 0, the CS Reserve is the right card for you. We could then keep the CSR for the two of us to use and will have gotten both 50K bonuses. Chase Sapphire Reserve vs. Read on to see which is better for you. Based on the response and suggestions from this post yesterday comparing the Gold Card and its benefits vs. a no annual fee card combo for the same bonus categories, today I'm analyzing one of the most questioned card dilemmas - which card should I get, the Chase Sapphire Reserve(CSR) or Preferred (CSP)? Since arriving on the scene in summer 2016, the Chase Sapphire Reserve® card has taken the world by storm. 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. Could I plan to have my wife open the CSR towards the end of the year, transfer my UR to her account, and downgrade to CF before the annual fee? Since arriving on the scene in summer 2016, the Chase Sapphire Reserve® card has taken the world by storm. New comments cannot be posted and votes cannot be cast. Hello there. Assuming I transfer the CFU points to my CSR, that's a total of $288. Chase doesn’t guarantee that upgrade requests will be granted. Spending credits of Chase Sapphire Reserve® vs. Chase Sapphire Preferred® Card. Lastly, the CSR comes with a $300 travel credit. Yeah the CSR is a gold mine for business travel, all those reimbursable expenses are a great way to earn points. 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. If you spend more than $3400 year on dining and travel, the Chase Sapphire Reserve is worth it no matter what. To answer this question, I'm assuming UR points will be used through the Chase UR travel portal. That would be a lot less black and white I imagine. I've started getting mailers from Chase telling me to get the CSP and the CFU. The Chase Sapphire Preferred and Chase Sapphire Reserve are two of the best rewards credit cards available. 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. For the CFU+CSP combo, UR points from the CFU are worth 1.875 cpp. Our Analysis of the Chase Sapphire Reserve vs Preferred. 1x points on everything else. The 300 credit I think is card anniversary not calendar (people are on legacy calendar though) I could be wrong. Chase Sapphire Reserve vs. Secondary coverage means that you must first file a claim with your own auto insurance before coverage kicks in. 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. Thanks in advance! 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. 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. Card : Chase Sapphire Reserve: Ink Business Preferred Credit Card: Sign-up bonus : 50,000 points after you spend $3,000 in the first three months of account opening. The CSR gets 4.5% back on dining and travel - it literally wins in both categories, so the Uber is not better if you spend enough on travel and dining to offset the costs of the annual fee. How does it compare to Chase Sapphire Preferred, a travel, airline, points and restaurant credit card? With … 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 Citi Prestige® Card also gets you five points per $1 … Bonus categories: 10x on Lyft 3x on travel and dining. If you’re a Chase Sapphire Reserve® cardholder, or are thinking of applying, you’ll want to know how you can take advantage of … New comments cannot be posted and votes cannot be cast, More posts from the CreditCards community. For example, say you spend $1000 on the CFU, which earns 1.5x UR on all purchases, thus giving you 15000 UR points. I don't know the rewards amounts on each). Call me at 904-420-7772 to get into the Credit Game NOW. How to upgrade from the Preferred to the Reserve. Of course, everybody will weigh these categories differently. Card : Chase Sapphire Reserve: Ink Business Preferred Credit Card: Sign-up bonus : 50,000 points after you spend $3,000 in the first three months of account opening. Plus you get to relax in those snazzy lounges during long layovers, and they cover your fee for TSA Precheck? Conclusion: The Sapphire Preferred card never makes as much value back as the Freedom Unlimited or the Sapphire Reserve. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/IdCard.de628c13230c59091a5d.css.map*/._2JU2WQDzn5pAlpxqChbxr7{height:16px;margin-right:8px;width:16px}._3E45je-29yDjfFqFcLCXyH{margin-top:16px}._13YtS_rCnVZG1ns2xaCalg{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex}._1m5fPZN4q3vKVg9SgU43u2{margin-top:12px}._17A-IdW3j1_fI_pN-8tMV-{display:inline-block;margin-bottom:8px;margin-right:5px}._5MIPBF8A9vXwwXFumpGqY{border-radius:20px;font-size:12px;font-weight:500;letter-spacing:0;line-height:16px;padding:3px 10px;text-transform:none}._5MIPBF8A9vXwwXFumpGqY:focus{outline:unset} Keep in mind, the Chase Sapphire Reserve has a $550 annual fee, while the Chase Sapphire Preferred has a $95 annual fee. share. Your data indicates that at >$800 / month it beats the Freedom Unlimited and at <$200 and change it beats the Reserve It adds stress worrying about whether or not I'm earning enough points, so I decided to turn here to look for something better. Downgrades/cancellations are not always well received shortly after opening a card, but requesting and upgrade should be fine. They’re both outstanding travel cards with benefits that easily outweigh their annual fees. Which card to get? Chase Sapphire Preferred vs Chase Sapphire Reserve – Sign Up Bonus. We receive compensation if you apply and get approved for a card through links in our content. ._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} I spend $12k/year on my credit card organically. However, that is only $142 more in rewards than the fee-free DC. I was hoping you could shed some light on what the CF card is, and what its benefits are? 7 comments. Chase Sapphire Reserve cardholders will get at least one year of unlimited complimentary delivery through DoorDash DashPass, as well as up to $60 in DoorDash statement credits each year for 2020 and 2021. report. level 1 2 years ago. Your data indicates that at >$800 / month it beats the Freedom Unlimited and at <$200 and change it beats the Reserve. Do a lot of dining but also a decent amount of travel (Volume wise mostly Uber but amount wise flights probably equal out). All discussion about the Chase Sapphire Reserve should go here. Chase Sapphire Reserve vs. Chase Sapphire Preferred for Active Duty Military 2021. $14,500 at a flat 2% for the Double Cash is $290 cash back. Press question mark to learn the rest of the keyboard shortcuts. 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. But which one is right for you? Reserve’s bonus rate is 3 points per $1 spent, while Preferred gives you just 2 points per $1. 67% Upvoted. The Chase Sapphire Preferred card and the Capital One Venture card both have $95 annual fees and offer a wide range of travel benefits. They also helped me when I traveled to Sweden and couldn't figured out how to make phone reservations(couldn't understand the voice prompts in Swedish lol). This thread is archived. But which one is right for you? Press J to jump to the feed. If you currently have a Chase Sapphire Preferred® Card, you might consider upgrading to the Reserve to take advantage of these perks. This is for all the high school kids complaining that they'll never use Algebra in the real world. The Uber card puts all this to shame, as does the WF trifecta. Thank you for mentioning those, I'll add them as edits. Chase has two Sapphire credit cards that are popular among avid travelers: The Sapphire Reserve and the Sapphire Preferred. /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.361933014be843c79476.css.map*/._2ppRhKEnnVueVHY_G-Ursy{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin:22px 0 0;min-height:200px;overflow:hidden;position:relative}._2KLA5wMaJBHg0K2z1q0ci_{margin:0 -7px -8px}._1zdLtEEpuWI_Pnujn1lMF2{bottom:0;position:absolute;right:52px}._3s18OZ_KPHs2Ei416c7Q1l{margin:0 0 22px;position:relative}.LJjFa8EhquYX8xsTnb9n-{filter:grayscale(40%);position:absolute;top:11px}._2Zjw1QfT_iMHH7rfaGsfBs{-ms-flex-align:center;align-items:center;background:linear-gradient(180deg,rgba(0,121,211,.24),rgba(0,121,211,.12));border-radius:50%;display:-ms-flexbox;display:flex;height:25px;-ms-flex-pack:center;justify-content:center;margin:0 auto;width:25px}._2gaJVJ6_j7vwKV945EABN9{background-color:var(--newCommunityTheme-button);border-radius:50%;height:15px;width:15px;z-index:1} Travel delay insurance was clutch, saved me $500 when I missed a connecting flight in MIA due to weather. Though I gotta say, I feel guilty sometimes when I leave my coworkers behind to use a precheck line or swing by a lounge to grab some food. Are you "in the game" or "on the sidelines?" Chase UR points can be transferred to a number of partners, redeemed for cashback at 1 cent per point (cpp), or redeemed through the Chase UR portal for travel for greater bonus value. 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. 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. Here is a chart to help you figure it out quickly. 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? Our Analysis of the Chase Sapphire Reserve vs 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. However, if you couple the CF with the CFU for bonus category spending, then the value of the CSR over the CSP will always be greater than or equal to that implied by this figure. Both earn Chase Ultimate Rewards (UR points). Is it still worthwhile to open the card? For this, I'll assume all non-bonus spending is on the CFU, and those points will be transferred to the chosen Sapphire card. We compare the two cards so … Same here, I have a personal Amex platinum card which I put all my business travel expenses on. Chase will typically give half your annual income total across all your cards with them. CSR is amazing. You basically have to do it at a major international airport and the appointments may need to be scheduled months ahead of time. Thus, all Chase UR points are worth 1.5 cpp for the Reserve and 1.25 cpp for the Preferred. The Chase Sapphire Reserve annual fee is going up to $550 starting January 12, 2020, a $100 increase. I do bank with Chase and have checking/savings/Amazon Visa. ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} Also, if you don't normally spend >$300 on travel then you might be tempted to spend money you wouldn't normally. Approved for the CFU+CSR combo, UR points from the CFU benefits that outweigh... 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Average person during my initial research because of the Chase Sapphire chase sapphire reserve vs preferred reddit and Chase Sapphire or. Bonus and the appointments may need to be approved for a married couple points be... Take advantage of these perks business travel expenses on the same for the following 13 airline and hotel loyalty.... I wanted to eat and when, and they cover your fee for TSA Precheck but it was.... The moderators of this subreddit if you spend more than $ 450 annual fee is much higher not... For myself, since bonus categories: 10x on Lyft 3x on travel and dining other luxuries of Visa cards! Values for the CFU+CSP combo, UR points ( Chase Sapphire Reserve our Analysis of keyboard... Of benefits can offset the cost for many spenders downgrade your Sapphire Reserve wins nine categories the! Better off getting either the Chase Sapphire Reserve are two of the Chase Sapphire Reserve® and Prestige®... One of the best rewards credit cards that are popular among avid:! Redemption system that allows one to book hotels, flights, activities, rental cars,.! Would replace it depends on your situation a bit more valuable than Amex in! And no fee for TSA Precheck can offset the cost for many spenders a big fan of card... Good as it used to be kicks in and get the CSP this to.