Go back to previous topic | Forum name | General Discussion | Topic subject | Anyone get this Chase Sapphire Reserve card? Let's talk credit cards | Topic URL | http://board.okayplayer.com/okp.php?az=show_topic&forum=4&topic_id=13062312 |
13062312, Anyone get this Chase Sapphire Reserve card? Let's talk credit cards Posted by PimpTrickGangstaClik, Sun Aug-28-16 11:38 AM
http://time.com/money/4461137/chase-sapphire-reserve-rewards-credit-card/
I'm tempted to apply for this. I don't have any cards with an annual fee, and this one is hefty. $450 per year.
But the rewards make it seem pretty worthwhile if you travel. First you get a sign up bonus of 100,000 points if you spend $4000 in the first three months. That 100,000 points is apparently equal to $1500 worth of travel.
And each year you get a $300 travel credit (refunded flight or hotel expenses). It also comes with access to airport lounges (ballin!), no foreign transaction fees, and some other stuff.
My only hesitation is whether I spend enough to make it worth it. I'm over here wondering how could I spend $4000 in 3 months so I don't fail trying to get the sign up bonus
I need to do some quick math lol.
Any rewards cards you rock with that you recommend? *waits for someone to stunt with their black card*
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13062313, man, a $450 annual fee though? Posted by Oakley, Sun Aug-28-16 12:00 PM
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13062320, Vlauepenguin Posted by handle, Sun Aug-28-16 01:19 PM
First, if the reward program is hard to understand it's because they purposely do it. VlauePenguin has a page on this program: http://www.valuepenguin.com/chase-sapphire-reserve-credit-card
You can compare it to other programs and see if it's for you. Buy paying $450 to get $1500 seems pretty good - for the first year at least.
-- My mother has a Southwest Rapid Rewards Visa.
It had a threshold too - but I find that if you just charge everything possible to the card you'll do it easily.
Groceries, gas, restaurants, snow tires, Target runs - put it all on the card and pay the card off each month. I've used the card to buy a computer with and just gave her the cash.
She's spent enough on it to have "companion status" now where she gets to take a person free on any flight.
The annual fee is $99.
http://www.valuepenguin.com/southwest-airlines-credit-cards
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13062399, quick math Posted by legsdiamond, Mon Aug-29-16 12:36 AM
You're spending $4500 in 4 months to make $1800.
doesnt make any gotdamn sense.
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13062403, But if you are spending $4050 anyways.... Posted by handle, Mon Aug-29-16 01:30 AM
>doesnt make any gotdamn sense.
Then it does. But only for the first year with the bonuses.
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13062491, Yeah dude, if you are about to book a vacay and spend this any way... Posted by Buddy_Gilapagos, Mon Aug-29-16 10:46 AM
********** "Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson
"what's a leader if he isn't reluctant"
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13062406, well 1500 + 300 - 450 = 1350 Posted by sndesai1, Mon Aug-29-16 01:50 AM
if you were already gonna spend 3k+ in the next 3 months, then it might be worth it to get to 4k to get that bonus. but if your normal spending habits would have you at 1.5-2k don't add on another 2k of spending just to get the bonus. now if you know you have to buy something big in the next few months like a bunch of furniture, jewelry, computer, etc. then it could also make sense. if not, then just find a card that has like a 30k point bonus with 1k spending requirement and waived fee...or 50k points with 3k spending and waived fee. also, don't keep the card after the first year - either cancel it or downgrade it to a non-fee card if you can in order to increase your average length of credit and also decrease credit utilization
tl;dr: - don't increase your spending significantly to get cc bonuses - just apply for cc bonuses that mostly line up with your normal spending - make sure you either cancel or downgrade all of these cards before you get charged the 2nd year fee
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13062467, I have the regular Sapphire card Posted by Brother Rabbit, Mon Aug-29-16 10:15 AM
$100 annually. Think I'll stick to that one.
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13062494, Dang we just booked a trip that I could have used this for. Posted by Buddy_Gilapagos, Mon Aug-29-16 10:48 AM
My wife and I were just discussing getting one credit card devoted solely to vacations.
********** "Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson
"what's a leader if he isn't reluctant"
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