With the Chase Sapphire Reserve and Sapphire Preferred receiving limited time benefits with Chase Pay Yourself Back, is it worth upgrading a no annual fee credit card like the Chase Freedom or Chase Freedom Unlimited to a Chase Sapphire Reserve for an increased cash out rate? Also would upgrading the Chase Sapphire Preferred to Chase Sapphire Reserve be worth it?
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15 comments
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You are a video making machine, lol. I have stood by and defended the CSR this whole time. Absurdly good benefits now.
Wife didn’t want to pay the $95 annual fee and downgrade herself to the BASIC Sapphire which she kept in reserve since she already has both Freedom and Freedom Unlimited. Do you know if the no fee Sapphire has a pay yourself back option? Thanks again for all your time and effort to keep us ahead of the game.
They need another 3x category like gas or supermarkets permanently
Contemplating upgrading to the CSR from CSP now. I need to run some numbers and think about it for sure.
It's nice to have options.
Still have to wait 1 year after getting the CSP to upgrade it to a CSR, correct?
Thank you for this math. 👍 It’s important to run the numbers vs just getting lost in the hype for the people in this situation.
Great great video. Breaking this down for Chase customers is powerful. Chase needs a gas or grocery category. Take care Dustin and stay safe.
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Another consideration in the CSR vs CSP debate that rarely gets mentioned: CSR doesn’t give the cardholder a referral bonus for referring others to the card. CSP has refer-a-friend (15k points per referral; max of 75k points a year). Not everyone refers, but that’s a significant opportunity cost.
I totally agree with you, the move from Chase is awesome…and makes the CSR the king again. I also think that they should keep the 5x grocery or 3x on gas, or even 3x on home improvements, that would be awesome. Even better if they kept rotating how you redeem your points and kept it at 1.5c per UR point. Cashing in points to buy groceries is awesome for me. I'm so excited about this I even made my first YouTube video. Lol
Wally, thanks for the great review and breaking it down. I have nearly 160k UR points and the Sapphire preferred. I was considering signing up for the freedom to create the “trifecta”, but am now considering upgrading to the Reserve (though I won’t get the sign-up bonus for that like I would with the freedom as you noted)…any thoughts on if that’s worth it? I don’t think I’d keep the reserve long term and likely downgrade before renewing, but I like the idea of redeeming those points for 1.5 instead of 1.25. I’m wondering if the sign up bonus for the freedom would be able to allot to this.
Is it confirmed that if we upgrade from CSP to CSR that the last 90 day transactions made under CSP will be available for “buying back” with the CSR?
You can also use pay yourself back on the annual fees. Wonder how that changes the numbers