Is the Chase Sapphire Reserve still valuable for most travelers? We’ll share 7 steps to calculate whether you’re getting value from the new benefits and credits, despite the increase in the annual fee. Also, we’ll share a free calculator that you can use to follow our process.
– Website post ⇨
– Google Sheet: CSR Value Calculator ⇨
– FREE Credit Card Consultation ⇨
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REFERRAL LINKS TO CARDS FEATURED IN THIS VIDEO:
– Chase Sapphire Reserve ⇨
– Chase Sapphire Preferred ⇨
– Chase Ink Business Preferred ⇨
– Amex Gold ⇨
– Amex Platinum ⇨
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ADVERTISER DISCLOSURE:
This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities.
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RELATED VIDEOS:
– “If I could only have one credit card …” Collaboration ⇨
– Getting the Chase Sapphire Preferred Over the Reserve Card? ⇨
– Chase Sapphire Downgrade Options ⇨
– Maximize Your Chase Sapphire Reserve Card ⇨
– Priority Pass Restaurant Credit ⇨
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EQUIPMENT (USED TO CREATE VIDEO):
– See the full list of gear used on our website ⇨
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SUPPORT US (USING OUR REFERRAL LINKS 😊):
– Credit Card Offers ⇨
– Shop on Amazon (US) ⇨
– Travel Insurance (via World Nomads) ⇨
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TRAVEL DISCOUNTS:
– Lodging & Transportation ⇨
– Shopping & Services ⇨
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MUSIC CREDITS:
– “Classic” by Joakim Karud ⇨
– “I Love You” by Vibe Tracks
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PHOTO CREDITS:
– Pixabay ⇨
– Pexels ⇨
#creditcards #personalfinance #chase
25 comments
YESS WAS WAITING FOR THIS VIDEO……………THANKS
What do you all think about the changes? Did anyone else have a change in heart after calculating the new benefits? 😎
Thanks for the google sheet Ernest. Super helpful. Now that i see i will come ahead, i might keep this card after all!👍
Great video! I'll keep the CSR for at least one more year since I can use the Doordash credit and Lyft perk.
Since you are able to transfer UR points from the freedom and ink cards that have zero annual fees. I would think if you have those cards you can take this into your personal calculations.
Great video Ernest! (and so much clearer than AskSebby…). Nice to see that after a week finally the math and logic start to take over again among the YouTubers, after all those initial knee-jerk reactions. I have my own spreadsheets, so for me, it was already clear that the CSR is still a keeper!
Probably time to downgrade. I don't use Lyft.
Very cool!! Have been waiting for the video
Not upgrading as I don’t use rideshare more than twice a year and never use food delivery services
Will only apply for this card when I’m eligible for bonus in 2022
👍🏽
Great video Ernest thanks for sharing, the CSR new AF $550 is not worth it for me because I don't use any of the added benefits totally BS I will be cancelling the card.
Yeah, my initial reaction thought it was trash. Then I ran the numbers and use case and am now like NVM this is dope.
Very helpful and informative video Ernest. Thanks for the breakdown of the new benefits. Excellent summary as usual. After doing my own math… keeping it.
Thank you so much for this video! I think it is for sure worth it for me since I live abroad and also on a flight three times a month
Good video and nice spreadsheet. Found you from asksebby.
I have the preferred and was waiting to switch to reserve, but now I will just downgrade. I am sad.
Nice video, I'll be cancelling my Gold card as well this week. Down grading my CSP and opening a new CSR.
I don't always "smash the like button", but this video was well worth it. Thank you for running all of the numbers for us. My experience has been similar with my initial visceral reaction to the new changes, but I may still come out on top even running a UR and MR set up.
Thanks!
Based on my current spending patterns I’m not a fan of the changes, but my spending patterns could change before my $550 AF hits so I’m keeping an open mind. Even before the changes were announced I was considering evaluating my entire set up based on my spending from the past year. I’ll be putting together a spreadsheet to see if another setup will give me more value.
Great rational video! Everyone should check the numbers before making knee jerk reactions.
I was fixing my credit so that I can apply for the CSR. I live in NYC and will benefit a lot with these new benefits. I didn't know they increased the AF but after convincing myself that this was the card I was going to get , now I am not so sure. The $550 is pretty steep but is there another CC that compares with this card and AF that will give me awesome travel benefits?
Ernest,
Great video man such a good breakdown I like how you said that it depends on your spend and whether you can use the credits. If you don't travel more than once or twice a year it may not make sense to have the CSR over the CSP? Congrats on the marriage man I know it's a little late. What cards you looking forward to in 2020? A what's in your wallet for February coming out soon? 🙂 Love the content man.
Great video, as usual. The $550 annual fee was a bit jarring at first. I used your spreadsheet and plugged in the numbers using the year end summary Chase provides. I get a ridiculous amount of value out of the CSR at $450. But I also see that I'll get more than enough value out of it in 2020 with the $550 annual fee. I do a ton of ride sheets (no drinking and driving when indulging in nightlife!) and l usually chose whichever is cheaper between Lyft and Uber. So I'll just be usin Lyft now for that sweet 10x back! I use UberEats as well, but I downloaded DoorDash and got a couple of free dinners with the $60 credit and have about $25 bucks left to use. Considering everything, the $550 annual fee is a huge upfront fee, but I still come out on top by a huge margin. Thanks for the great spreadsheet! Really put everything in perspective for me!
Great video! Good visuals and helped me decide whether to keep my card or not
Great video! Very well & logically explained…