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The PROBLEM With the Chase Sapphire Reserve in 2024…

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Let's review how the Chase Sapphire Reserve card holds up against its competition in today's credit card landscape! With a high annual fee, this card goes head to head with strong cards like the American Express Platinum and Venture X cards, but how does it compare? In today's video, we analyze all the important features of the Chase Sapphire Reserve and see if the card is still worth it!
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#creditcards #chase #csr

Опубликовано:

4 сен 2024

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Комментарии : 129

@KevinYang Год назад

UPDATE: Chase Pay Yourself Back categories have updated! The Chase Sapphire Reserve now includes groceries, gas stations, and the annual fee, but only at 1.25¢ per point, a downgrade in my opinion.

@Truth2342 Год назад

Discount, fees, just pointless! Kevin make a video abt amazon credit card

@trave7644 Год назад

This summer, I upgraded to reserve from preferred since I had over 280k points, and obviously it was worth it because of the 1.5 per point. Used them all for part of my travel for two months in Europe, and during that time racked more points from further travel spending. Mine is due for renewal in July, and I am not sure I will renew it. Even tough I am travelling again international this summer, but dont have enough points to justify the renewal fee. Also, I got reimbursed for delayed flight and hotel expenses over $675, even though it was not easy; lots of paper work. So basically I made money from having the card. But the card is worth it if one has enough points and travel a lot. Otherwise no. Also being able to use some of best lounges in Europe. was a perk.

@JaytizalOKC Год назад

💛💛✍️💛💛✍️

@CesarJoel Год назад

Agree 💯! The CSR needs a big refresh. I also think the Chase trifecta needs a refresh. Thanks for the video 👍

@KevinYang Год назад

What would you like to see in a refreshed Chase Trifecta?

@BumSkidley Год назад

@@KevinYang i am planning to apply for a new travel card for 2023 and looking at CSR and Venture X. if CSR would reduce it's annual fee i'd lean to stay with chase but only if i can get the bonus. i had the CSR pre-pandemic and may not qualify for the bonus points. but a lower annual fee would be good for CSR. i think i'll end up applying for the Venture X.

@curmudgeonextraordinaire1884 Год назад

@@KevinYang permanent grocery category would be nice.

@KevinYang Год назад

@@curmudgeonextraordinaire1884 That would be awesome!

@CesarJoel Год назад

@@KevinYang the 3 cards share the same 3x in dinning so maybe replacing 1 with regular grocery and one with gas would be great. The 1.5x multiplier is pathetic in today's market so a 2x would be competitive. Adding useful credits that most could use on the CSR since it's the only premium travel card that's very difficult to offset the annual fee.

@kaymicah5309 Год назад

I downgraded my CSR to CSP. I also canceled Amex platinum because the coupon play doesn’t work for me. I don’t want to jump through hoops just to use the credits. I will consider CSR again if it’s refreshed to include hotel status. Until then I’ll continue using Venture X.

@KevinYang Год назад

Were you under 48 months from a Sapphire bonus? And totally agree on the Venture X!

@kaymicah5309 Год назад

@@KevinYang no

@KevinYang Год назад

@@edwinmanzano5482 Charles Schwab.. Platinum?

@megasam867 Год назад

I have avoided AMEX like the plague due to their credit shenanigans. SHOW ME THE MONEY! lol

@jatintek6557 Год назад

The restaurant credit makes up for the fee. $28/visit for a single traveler or $56/visit if you have someone with you. Most airports have a restaurant that takes the benefit. You can use it at the departure and arrival airport.

@curmudgeonextraordinaire1884 Год назад

Dining should be 4x and all other spend 2x

@KevinYang Год назад

That would be insane, especially the 2x on everything to catch up to cards like the Venture X!

@QueenConsious Год назад

Exactly because I don’t want the different cards that give me the same benefits it’s no reason to get the card if you already got cards in your wallet now that give you those same benefits

@_TRON_ Год назад

CSP 70k points sign up bonus when you apply in person. Initial 60k when spend 4k.. additional 10k when you spend 6k.

@Ragnar0321 Год назад

almost every chase card needs a refresh all their card shares 3/4 benefit i think they are good but just to have one card at most.

@KevinYang Год назад

Agreed! Their Freedom line of cards are solid, and the CSP unlocks many of the benefits that Chase has already!

@QueenConsious Год назад

I think they should give 4X on restaurant’s because when you already got cards that give you 3% back it’s no reason to get the card especially if you charging a annual fee capital one probably be better

@KevinYang Год назад

That's definitely true. I think they rely on their 50% boost for PYB or Travel category redemptions to make their points more "valuable" than Capital One tho

@josephbambery9485 Год назад

The CSR has credits for doordash and instacart that combine to be $240 in credits. When you factor those in with benefits and the increased multipliers on travel, the annual fee can definitely be worth it, and the card can still be better value than the CSP. I think the card could use a refresh like the CSP got a while back, but I think it’s still one of the best cards out there.

@megasam867 Год назад

The credits seem good up front, but not so much on the back end. When you factor in the fees associated with instacart and doordash, the savings becomes a bust for the most part.

@SonnyChanhvongsak Год назад

@@megasam867 While true, a fair amount of restaurants I like use exclusively DoorDash for online ordering but I never get delivery so with the csr complimentary dashpass I get 5% back by doing pickup

@JaytizalOKC Год назад

💛💛✍️💛💛✍️

@jeremymartinez8209 Год назад

@@SonnyChanhvongsak true but doesn’t DoorDash at times charge more than ordering from the actual restaurant itself so that savings is questionable

@SonnyChanhvongsak Год назад

@@jeremymartinez8209 Depending on the restaurant this is true, the restaurants I order from regularly I checked to see they are the same or at least within a dollar or 2

@MannyCovington Год назад

Wish the pyb feature started at 1.5 CPP for the CSR

@KevinYang Год назад

Seems like it only got worse!

@SpencerJohnsonOfficial Год назад

I definitely agree that the CSP is the better option between these 2 cards for the majority of people. Also, the Chase line of cards could definitely use a refresh, especially the CSR. However, the CSR does pack a punch for domestic trips with that 1.5x boost on your points through the travel portal, but that's the main selling point of it in my opinion. If I could get another Sapphire bonus right now, I would consider adding this card, but the Amex Plat or Venture X makes a lot more sense. I hope that changes this year though! I wanna see the CSR be super competitive and talked about once again. Great breakdown Kevin!

@KevinYang Год назад

Thanks for the continuous support! And yeah if there was an elevated SUB, I may consider this card at least for 1 year before downgrading again. But, like you mentioned, there's strong competition so Chase should really step up a notch to compete!

@SpencerJohnsonOfficial Год назад

@@KevinYang Of course man! I completely agree with you here. I'd like to give it a shot and see what I can do with it, but I'm not eligible for the bonus until 2026, so no rush here lol.

@KevinYang Год назад

@@SpencerJohnsonOfficial The 48 month window is such a long wait. Fortunately I passed mine within the last year so just waiting!

@megasam867 Год назад

But, the chase travel portal is way, way overpriced on many items. Example: November 13th, 2023 Bangkok to Chiang Mai on Bangkok Airways is $170 on Chase, $43 on Capital One & $43 on Google Flights. The chase portal seems to have some agreed on pricing that does not line up with most travel portals. The ticket costs four times as much on Chase. Definitely not a good use of Chase points.

@SpencerJohnsonOfficial Год назад

@@megasam867 That's a great example! I appreciate you sharing that Samuel. At the end of the day, you always want to compare prices, so great point here!

@megasam867 Год назад

One thing people miss the most is that the chase travel portal prices stink! Their prices are way higher than most travel portals. At least Capital One travel is via hopper which aligns with all other travel portals pricing.

@laughter95 Год назад

I've seen on the most part prices are the same as what I'm seeing on Skyscanner. I mainly search domestic and Asia flights. In one flight it was cheaper on Ultimate Rewards, and on another it was more expensive.

@megasam867 Год назад

@@laughter95 I have done some pretty extensive research and found Chase travel portal to be overpriced on way to many items. I have been looking at SE Asia travel for the most part.

@laughter95 Год назад

@@megasam867 Probably turns out that you must do all the search iterations on every platform every time you want to spend points and go from there. Fortunately on this last redemption, as well as the 5 or so redemptions across 2018 and 2019 for me, flights from LAX and IAD to TYO, ICN, and SGN were all the same as on Skyscanner/Google Flights/Hopper, except on the 12/25/22 one leg to SGN was $200 more expensive, and then the next day it went down by $500 (thus was cheaper than Google Flights by $300) Luck of the draw I guess.

@megasam867 Год назад

@@laughter95 I am taking two major trips this year. Kauai and SE Asia. Looking at Kauai the Chase travel portal has one hotel listed. Capital One has a ton a properties. This is what leads me to believe Chase has pre-negotiated pricing. The only property listed on Chase is $600 more than Capital One. I always do a price comparison across all platforms to get the best deal 😁

@trave7644 Год назад

chase travel portal is good for airfares. But the customer service is pitiful, and they never call you back if they say will.

@Truth2342 Год назад

Anything that’s with too much fee is just ain’t fees. That’s why I don’t travel! Nowdays is just focus!

@KevinYang Год назад

It really heavily depends on the person's lifestyle! For example, if you pay $395 to get $400 in credits towards something you would've used anyways + a ton of other perks, then I'd say that's worth it!

@re-z8296 Год назад

I guess Dashpass $5/month, Instacart $15/month, $10/month gopuff, and 10x for Lyft don't count

@JaytizalOKC Год назад

💛💛✍️💛💛✍️

@reachtrita Год назад

Thank you for analyzing and explaining everything

@JaytizalOKC Год назад

Ta lk Prïvately ˚☻♡☺

@JaytizalOKC Год назад

💛💛✍️💛💛✍️

@my_name_is_nat Год назад

Thank you!!! I don't regret getting the Preferred over the Reserve

@blogauthor3375 Год назад

primary CDW is worth over $250 a year for me. Add other travel insurance is better than anyone else

@KevinYang Год назад

How does it compare to the CSP perks for your use case? I believe the CSP also has primary CDW at least

@HockeyJock Год назад

CDW was a major reason I didn't finally ditch the CSR. It's saved me hundreds.... The 1.5X thing doesn't help me since I almost never redeem points thru the Chase Portal... my points goto Hyatt. But I'm thinking the CSP does have CDW. 🤔 Time to check!

@ds5651 Год назад

After 4 year I upgrade from my preferred to reserve. With the 50 percent running the trifecta. With the travel credit the sign up bonus it makes sense for an upgrade

@KevinYang Год назад

Did you do a product change? Given you were at 4 years (or 48 months), I believe there was an option to downgrade your CSP, then get the CSR as a "new" card to get the sign up bonus, before transferring points back over!

@ds5651 Год назад

@@KevinYangdowngrade then get the CRP or cancel then reapply

@KevinYang Год назад

@@ds5651 Exactly what I'm planning to do this year!

@08710909 Год назад

I use doordash a ton, so I know I saved $250 off the delivery fees with the CSR

@KevinYang Год назад

Great way to benefit from the perk! Hopefully that sticks around

@megasam867 Год назад

That is great when someone really gets great value from their card. I avoid the food delivery services due to their extensive fees. So many fees!

@KevinYang Год назад

@@megasam867 Have you tried combatting the fees by doing pickup?

@megasam867 Год назад

@@KevinYang I only order Doordash once a month when i get the credit and usually pick it up 🤣

@KevinYang Год назад

@@megasam867 Nice way to leverage the perk!

@boblong101 Год назад

Your math does not check out. Lack of credits? I have a plat and was actually surprised at how many CSR had. Effective $250 AF after $300 travel. GE - $100 credit. -$60 DD (till 2025). -180 IC (Till July 2024). -$100 PPass. Thats $250 offset by $440. That's $190 returned. That doesnt even count any offset if you count the added redemption value on travel at 1.5cpp. And assessing against a SUB is just foolish unless you're just churning. Thats gone after year 1. I suppose if you don't travel frequently or eat, then a card meant for people that travel frequently and also eat, is not the card for you. That doesnt make it a bad card. It means it doesnt fit your spending patterns.

@KevinYang Год назад

That's a great point for sure! It's all a matter of how well you can really use the credits (on any card really), and if you decide to redeem points via that 1.5 cpp method. For example, if you go through travel partners like Hyatt, 2 cpp+ is not much of a stretch and something that's possible on the CSP too! For a travel card, I think the Amex Plat and/or the Venture X are very strong competitors that can fit most people's habits, with the Amex Plat offering more but likely to a smaller audience, or the Venture X offering a bit less, but much simpler and lower AF!

@x-ray1982 Год назад

If CSR refresh with Hyatt Explorist would be Dope

@KevinYang Год назад

That would be a pretty significant upgrade!

@AdventuresGaming Год назад

yeah too bad the hyatt chase card exists so I doubt it will happen

@fogrunr5075 Год назад

No foreign transaction fees compared to the Freedom cards.

@orpheux8021 Год назад

If chase could do a 10,000p anniversary that could def justified the fee

@KevinYang Год назад

Although that'd be amazing, I can't see Chase doing that haha

@ricsoares8169 Год назад

Greta video but you totally ignored the priority pass lounge access which makes the difference between then two tears of cards

@KevinYang Год назад

The priority pass is definitely a good perk, however many other cards have it too, like the Venture X which has the $300 travel credit + $100 worth of miles every year to offset more than the annual fee! Though the one caveat is non-lounge access being unique to the pass on the CSR, which depending on your use case, could be valuable! Thanks for watching!

@HotNHorny Год назад

Chase should waive the Pay Over Time at $0 fee (0% interest and $0 fee, essentially free with no added cost) on the Chase Sapphire Reserve on purchases over $100. I think that would add quite a bit of value. Even maybe on purchases of $500. Maybe limit the duration to 6 months for the waive fee.

@Adiscretefirm Год назад

If you rent cars the 20-30 dollars a day for damage insurance could make up a lot of the annual fee.

@KevinYang Год назад

Agreed! However Primary car rental insurance also exists on the cheaper CSP!

@Truth2342 Год назад

Yep

@JAPE.Art. Год назад

You’re amazing man Thank you !

@lordyflies9237 Год назад

This is a bit misleading mate. $550 AF -300 TC = 250 effective AF but... -$60/yr DoorDash -$180/yr Instacart -$120/yr GoPuff

@lordyflies9237 Год назад

i do agree with the Elite status though

@Rolo555 Год назад

And plus unlike say the Amex Gold dining credit ($10 a month), the DoorDash credit ($5 a month) does rollover to the next month. With Amex, lose it if you don’t use it.

@SmoothMoneyMoves Год назад

Idk how this is always overlooked. These credit will run for at minimum another 2 years

@joefong5611 Год назад

Don’t forget the benefits of primary CDW and restaurant access for Priority Pass!

@Adiscretefirm Год назад

Only good if you already use those services

@soapa4279 Месяц назад

Really old video, but noooooo we don’t want more credits 😂 One Amex Platinum and I’m already burned out

@andraskakrisztian5469 Год назад

CSR is the card to get. I have the platinum card as well. You get a better priority pass with CSR ( restaurants), you get primary rental car coverage not secondary. The reward rates are better in every category except flights. Paying for anything but flight tickets with the platinum card is (1X).CSR gives you lyft credit, door dash credit too. Centurion lounges are nice but they are over crowded, anytime i went it was a zoo, oh pretty much the same is true for sky clubs.I also got my card way out of 5/24 so if you have a relationship with them you can get the card even if your over 5/24.The hilton and mariott gold is ok, but people who travela lot they will mostly have one choice and they will have higher status then gold.

@KevinYang Год назад

Thanks for the breakdown! There are definitely use cases that the CSR could be great! But I think you can cover many of the benefits by using just the CSP (primary car rental coverage, almost there for category spend, unlocking transfer partners), while using other cards like the Venture X or Amex Plat for other premium perks like Elite Status, various credits (IF you can justify using them), and others. Primary airport also matters imo, given many have 0 non-lounge perks on the PP unfortunately.

@JVIPER88 Год назад

Question about the CSR $300 Travel credit. I need two TSA Pre-checks. I know there is a separate credit for one of them. But will a second TSA pre-check fee be covered by the Travel credit? Or does that not count?

@KevinYang Год назад

Unfortunately I don't have the answer to that question, but my gut feeling guess is no

@jatintek6557 Год назад

Only the first TSA will be credited.

@DavidGarciajrtx Год назад

I disagree with this video. CSR travel credit is too easy to use. Love it too much

@KevinYang Год назад

That's definitely one major highlight of the card! What's your 2nd or 3rd biggest use case of the card?

@DavidGarciajrtx Год назад

@@KevinYang personally have two kids and go to Disney quite often. So the 10x on car rentals is huge and Disney purchase is basically 3x and gets covered by the $300 travel credit. I know venture x does 10x points on car rentals but I really like that automatically every point is worth 1.5 cents without putting in any work. So worst case all my chase points are worth 1.5 cents

@KevinYang Год назад

@@DavidGarciajrtx Yeah the 1.5x points use case is huge if that's how you use your points! Sounds like the card is perfect for you!

@fogrunr5075 Год назад

I use the Reserve's $300 travel credit as a $300 Airbnb credit on a $550 booking. Then I use one year of $250 cash back from my Wells Fargo Autograph to pay the rest of it. That covers 24 days of Christmas lodging.

@craigfrye6724 Год назад

The fact CSR is not offered in a your commission LINK I am sure has nothing to do with you steering people away from CSR. The lack of your math about many airport restaurants $28 up to 2 people $56 credit which is only CSR. PLUS door dash, lyft, etc 1.5 HIGH REDEMPTION this is a easily a free card!

@thecreditcardmd Год назад

Great video! I had a question regarding priority pass on the CSR. I heard that it includes restaurants and capital one is removing that aspect on their priority pass. Do you know any other network that includes restaurants other than chase? 🤔

@KevinYang Год назад

I believe Chase is the main one left!

@HockeyJock Год назад

MAYBE the US Bank Altitude Reserve. But not certain.

@thecreditcardmd Год назад

@@HockeyJock Ah your right! I believe they give you 4 passes annually and authorized users don't get their own priority pass card either. Bummer I guess chase is the only one with unlimited restaurant access

@DarthWaffle. Год назад

Dude, it’s just a credit card. Diamond reserve platinum plus, silly names for a CREDIT CARD.

@JaytizalOKC Год назад

💛💛✍️💛💛✍️

@kaymicah5309 Год назад

1st?

@KevinYang Год назад

Unfortunately not 😂

@mattmorrison1408 Год назад

I have never had one credit card for more than a year. Sign up bonus and then 6-12 months later, cancel it and get a different one. You people are crazy if you are paying for this card without the signup bonus

@JaytizalOKC Год назад

💛💛✍️💛💛✍️

@4AMHQ Год назад

Your credit is fucked

@mattmorrison1408 Год назад

@@4AMHQ Credit score hovers around 750. Stop being financially illiterate. Or don't. I don't care

@Carminesson Год назад

You’re not too great at math. Card pays itself back

@HotNHorny Год назад

As soon as Chase Sapphire lounges (Reserve exclusive only) become widely available, the CSR will become the most valuable card that exist.

@KevinYang Год назад

Yeah I wonder how fast they'll start opening! Especially cause other networks like Capital One are starting to open too!

@SledgeIncTeam Год назад

CSR has needed a refresh for a long time now. I don't even know what goouff is 😉... Aspire and Amex Platinum my top dawgs 🫡

@KevinYang Год назад

The Aspire giving Hilton Diamond is insane!

@SledgeIncTeam Год назад

@@KevinYang I had Gold status for years. Tried to spend my way to Diamond status when I could have been gotten the Aspire.. smh

@KevinYang Год назад

@@SledgeIncTeam I wonder if they'll ever devalue Diamond or add a tier above Diamond

@SledgeIncTeam Год назад

@@KevinYang I hope not. It took me to long to get it 😂. This week coming up I'll be staying at my first Hilton property as a Diamond Member

@bellad1063 Год назад

Gopuff is like Instacart, smaller but mostly for convenience items and I’ve seen a store front - i only knew after going to Philly never seen it in ATL of Miami - seems regional.