I'm assuming the 5/24 rule meals no more than 5 applications every 24 months?yea...5 new accounts (with any issuer) within the last 24 months
I'm assuming the 5/24 rule meals no more than 5 applications every 24 months?
I am struggling to see how I can recoup the $450 fee. I can account for $300 using the travel cash back perk. The other $150 is more problematic.
I already have Chase Sapphire and the Reserve will only give me 1 additional point. Based on my spending, I would probably break even in terms of dollars if I switch to Reserve, as I simply do not spend crazy money on dinning and travel (<$10k a year). I suppose I can sign up for one year to get the 100k sign-on bonus and cancel.
I am struggling to see how I can recoup the $450 fee. I can account for $300 using the travel cash back perk. The other $150 is more problematic.
I already have Chase Sapphire and the Reserve will only give me 1 additional point. Based on my spending, I would probably break even in terms of dollars if I switch to Reserve, as I simply do not spend crazy money on dinning and travel (<$10k a year). I suppose I can sign up for one year to get the 100k sign-on bonus and cancel.
the way i look at it is that the sapphire preferred gave me 50k points (~$500) for free (no fee)I already have Sapphire and I have 3 other members of the family using that card. I don't think I would cancel the Sapphire even if I get the Reserve. So the bonus reward points are very much incremental in my case.
If you told me i could buy another 100k points (~$1000) for $150 (450 fee - 300 annual credit), then i would.
so between $1500-$2000 in travel money cost me $150 in fees (probably less after you get 3x back on travel purchases)...personally, i'm fine with that.
Dumb question, if I already have the Chase Sapphire Preffered card will I still be able to get this card with all the perks?
Q: Am I eligible for the bonus if I already have Chase Sapphire Preferred?
A: Yes! Although you’ll need to apply for a new account (link here) rather than upgrading from another Chase card in order to be eligible for the bonus.
I can't justify it...
Okay, went to my local Chase branch and got approved in 5 min. They suggest I call to discuss the annual fee once I get charged.
I am struggling to see how I can recoup the $450 fee. I can account for $300 using the travel cash back perk. The other $150 is more problematic.
I already have Chase Sapphire and the Reserve will only give me 1 additional point. Based on my spending, I would probably break even in terms of dollars if I switch to Reserve, as I simply do not spend crazy money on dinning and travel (<$10k a year). I suppose I can sign up for one year to get the 100k sign-on bonus and cancel.
I am also very interested in this, and am very new to this travel card game. I've had a Chase United card for almost 2 years, and will cancel next month before I get my second annual fee.Yes. I use UR website to book travel quite often. I mix points with cash from time to time and have not experienced problems with that.
Who has experience using the Chase Ultimate Rewards system? They say you can book any seat, any airline, but it is hard to know if that is the case without actually trying it firsthand. Also, let's say I have 10000 points worth $150, and want to book a flight that costs $200. Can I book and pay the $50 difference? Or do I have to jump through some hoops by, say, buying additional points at some crazy rate? That is how United points are. If you don't have enough points for the flight, the points become useless.
Also something to note is that the points will disappear whenever you cancel your account (although I suppose you could do the 1:1 transfer to an airline before then??). So if you won't be able to spend the $1500 + $300 + $300 travel credits by the time you want to cancel, you would likely end up claiming the points for cash at a 1% rate (so $1000 vs $1500). Still not bad.
Any other quirks others have noticed?
I am struggling to see how I can recoup the $450 fee. I can account for $300 using the travel cash back perk. The other $150 is more problematic.
I already have Chase Sapphire and the Reserve will only give me 1 additional point. Based on my spending, I would probably break even in terms of dollars if I switch to Reserve, as I simply do not spend crazy money on dinning and travel (<$10k a year). I suppose I can sign up for one year to get the 100k sign-on bonus and cancel.
Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
For example, if you already have 100k points, under the Preferred, you can exchange 100k for $1200 worth of reward travel. Under the Reserve, you can exchange the same points for $1500 worth of reward travel. In other words, just by moving reward points from Preferred to Reserved you automatically gain $300 in reward redemption value.Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
Also...i wonder if you can carry over that $300 travel credit from year to year....anybody know?
I have 25,000 on a Freedom card and 60,000 on the Preferred. So you are saying it would behoove me to move all of the 85,000 points to the Reserve card? I need to look into that more...For example, if you already have 100k points, under the Preferred, you can exchange 100k for $1200 worth of reward travel. Under the Reserve, you can exchange the same points for $1500 worth of reward travel. In other words, just by moving reward points from Preferred to Reserved you automatically gain $300 in reward redemption value.Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
Also...i wonder if you can carry over that $300 travel credit from year to year....anybody know?
I am also very interested in this, and am very new to this travel card game. I've had a Chase United card for almost 2 years, and will cancel next month before I get my second annual fee.Yes. I use UR website to book travel quite often. I mix points with cash from time to time and have not experienced problems with that.
Who has experience using the Chase Ultimate Rewards system? They say you can book any seat, any airline, but it is hard to know if that is the case without actually trying it firsthand. Also, let's say I have 10000 points worth $150, and want to book a flight that costs $200. Can I book and pay the $50 difference? Or do I have to jump through some hoops by, say, buying additional points at some crazy rate? That is how United points are. If you don't have enough points for the flight, the points become useless.
Also something to note is that the points will disappear whenever you cancel your account (although I suppose you could do the 1:1 transfer to an airline before then??). So if you won't be able to spend the $1500 + $300 + $300 travel credits by the time you want to cancel, you would likely end up claiming the points for cash at a 1% rate (so $1000 vs $1500). Still not bad.
Any other quirks others have noticed?
Yes. I use UR website to book travel quite often. I mix points with cash from time to time and have not experienced problems with that.
Thanks! And big thanks to Scandium for sharing initially. Plus to Paul der Krake -- your enthusiasm has made me even more confident in going for it!
I've been wanting to get started on the credit card bonus game and I think this is the perfect offer to get me going. I have a work trip coming up next month where I pay out of pocket and get reimbursed, so I should be able to meet the $4k spend pretty easily. Really excited about this.
Yes. I use UR website to book travel quite often. I mix points with cash from time to time and have not experienced problems with that.
Thanks! And big thanks to Scandium for sharing initially. Plus to Paul der Krake -- your enthusiasm has made me even more confident in going for it!
I've been wanting to get started on the credit card bonus game and I think this is the perfect offer to get me going. I have a work trip coming up next month where I pay out of pocket and get reimbursed, so I should be able to meet the $4k spend pretty easily. Really excited about this.
No problem, you're welcome. I can also confirm that the UR site lets you pay with cash if you're short on points. As far as I can tell the search gives you most airlines/routes. I once found a route on google flights that didn't show up on the UR search (Somewhat complicated trip to norway via dublin one way, and with 3 day stopover in germany on the way back). I called chase and although it took an hour, the lady there managed to book the same flight for me. Pretty great. I've searched for hotels there but never found anything worthwhile. Found hotels.com was better/cheaper.
I envy you if you haven't had any chase cards before! Do the Reserve, Sapphire and the Ink business card (you don't need a business..) and you would have $3,600+ to spend on travel! *droool. If you have a partner sign them up too and double that (you can transfer to/from others in a household).
I use my $0 annual fee Freedom card to "store" points. Probably until I can sign up for Sapphire again, or Reserve.
Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
Also...i wonder if you can carry over that $300 travel credit from year to year....anybody know?
I have 25,000 on a Freedom card and 60,000 on the Preferred. So you are saying it would behoove me to move all of the 85,000 points to the Reserve card? I need to look into that more...For example, if you already have 100k points, under the Preferred, you can exchange 100k for $1200 worth of reward travel. Under the Reserve, you can exchange the same points for $1500 worth of reward travel. In other words, just by moving reward points from Preferred to Reserved you automatically gain $300 in reward redemption value.Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
Also...i wonder if you can carry over that $300 travel credit from year to year....anybody know?
Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
Also...i wonder if you can carry over that $300 travel credit from year to year....anybody know?
Travel credit cannot be carried over from year to year. If you haven't used it by the end of your December billing period (which will be earlier than Dec 31st) it disappears. Charges after than go toward your next calendar year's $300 credit.
Yes. I use UR website to book travel quite often. I mix points with cash from time to time and have not experienced problems with that.
Thanks! And big thanks to Scandium for sharing initially. Plus to Paul der Krake -- your enthusiasm has made me even more confident in going for it!
I've been wanting to get started on the credit card bonus game and I think this is the perfect offer to get me going. I have a work trip coming up next month where I pay out of pocket and get reimbursed, so I should be able to meet the $4k spend pretty easily. Really excited about this.
No problem, you're welcome. I can also confirm that the UR site lets you pay with cash if you're short on points. As far as I can tell the search gives you most airlines/routes. I once found a route on google flights that didn't show up on the UR search (Somewhat complicated trip to norway via dublin one way, and with 3 day stopover in germany on the way back). I called chase and although it took an hour, the lady there managed to book the same flight for me. Pretty great. I've searched for hotels there but never found anything worthwhile. Found hotels.com was better/cheaper.
I envy you if you haven't had any chase cards before! Do the Reserve, Sapphire and the Ink business card (you don't need a business..) and you would have $3,600+ to spend on travel! *droool. If you have a partner sign them up too and double that (you can transfer to/from others in a household).
I use my $0 annual fee Freedom card to "store" points. Probably until I can sign up for Sapphire again, or Reserve.
Bourbon - Can you elaborate on airline gift cards? Are they only good for travel or are they like a gift Visa?
Yes. I use UR website to book travel quite often. I mix points with cash from time to time and have not experienced problems with that.
Thanks! And big thanks to Scandium for sharing initially. Plus to Paul der Krake -- your enthusiasm has made me even more confident in going for it!
I've been wanting to get started on the credit card bonus game and I think this is the perfect offer to get me going. I have a work trip coming up next month where I pay out of pocket and get reimbursed, so I should be able to meet the $4k spend pretty easily. Really excited about this.
No problem, you're welcome. I can also confirm that the UR site lets you pay with cash if you're short on points. As far as I can tell the search gives you most airlines/routes. I once found a route on google flights that didn't show up on the UR search (Somewhat complicated trip to norway via dublin one way, and with 3 day stopover in germany on the way back). I called chase and although it took an hour, the lady there managed to book the same flight for me. Pretty great. I've searched for hotels there but never found anything worthwhile. Found hotels.com was better/cheaper.
I envy you if you haven't had any chase cards before! Do the Reserve, Sapphire and the Ink business card (you don't need a business..) and you would have $3,600+ to spend on travel! *droool. If you have a partner sign them up too and double that (you can transfer to/from others in a household).
I use my $0 annual fee Freedom card to "store" points. Probably until I can sign up for Sapphire again, or Reserve.
I am new to the CC rewards world also, we have a Southwest Chase CC (that was opened a little over a year ago). Should I sign up for all of those CCs you just mentioned? I am assuming my husband can sign up for all of them also? How do you possible spend enough to get all those intro offers?
How long do you think they will run this Reserve offer? I was thinking that I could sign up today and DH can sign up next month so that we can hit the minimum spend, do you think that will work?
Nobody knows how long it'll last. I'm hoping a while since I'm ineligible for another 4 months. Since it just launched it should be a little while at least. They want to steal customers from amex/citi. The Reserve is the best one so if you're worried the offer will end probably best to do first. Even though you need to have that card to get the 1.5x points redemption (sapphire only give 1.2x). Can you get this and at least one sapphire card within a year you'd have 170k+ points to spend on travel by the end of next summer, about $2800. If the offer keeps going you can get your husband a reserve card say in 6 months and then transfer all the points to him to extend it.
The spend can be an issue. I waited 3 months between them for the $4-5k cards for that reason. Not able to do several at once. If you have a large purchase coming up consider that. (e.g. we have a washer that's dying. I'd consider replacing it now if I needed to hit the target). Can google manufacture spending to find other, more advanced strategies. Sadly hitting $4k in 3 months was not a problem for us.. :) Doing $8k in that time would be rough though.
Nobody knows how long it'll last. I'm hoping a while since I'm ineligible for another 4 months. Since it just launched it should be a little while at least. They want to steal customers from amex/citi. The Reserve is the best one so if you're worried the offer will end probably best to do first. Even though you need to have that card to get the 1.5x points redemption (sapphire only give 1.2x). Can you get this and at least one sapphire card within a year you'd have 170k+ points to spend on travel by the end of next summer, about $2800. If the offer keeps going you can get your husband a reserve card say in 6 months and then transfer all the points to him to extend it.
The spend can be an issue. I waited 3 months between them for the $4-5k cards for that reason. Not able to do several at once. If you have a large purchase coming up consider that. (e.g. we have a washer that's dying. I'd consider replacing it now if I needed to hit the target). Can google manufacture spending to find other, more advanced strategies. Sadly hitting $4k in 3 months was not a problem for us.. :) Doing $8k in that time would be rough though.
We can spend the $4k in 3 months if I transfer all of our autopay bills and food/gas purchases but just like you, the problem is $8k in 3 months. It looks like the Sapphire Preferred is offering 50k points with $4k spend in 3 months. I just got approved for the Reserve, maybe our best option is to get through the $4k spend on this one and then have DH sign up for a Reserve, then repeat for the Preferred. I don't think we could get all 4 cards before the end of the year but maybe that is okay.
Should I be able to transfer the Southwest Chase points over to the Reserve card?
Should I be able to transfer the Southwest Chase points over to the Reserve card?
The crazy part about this card is if you are only going to spend around $3000 over 3 months, you can literally go out and light $1k on fire in spending to hit the $4k bonus spend and still come out ahead by taking cash back (ignoring the other bonuses).
I'm tempted to sign up for this card but the fee for an AU is annoying since my wife and I generally spend about 50-50 of our spending.
Anyone get the physical card yet? How many business days did it take? I have a Aug 31st deadline for a purchase.
Does anyone know if my wife's Chase United card miles will transfer? A 1.5x multiplier would be a great bonus. I intend to move my Chase Blue miles over.
The real value is transferring these points to partners such as united. A round trip from North America to Europe is only 60,000 points. Along with this, you can book two "open jaws", basically short European flights with it. In short, one can go from Chicago to London to Paris to Munich to Rome back to Chicago for 60k. The dollar value depends on when you go, but that's typically a 2.5-3x return.Helpful to know, but it's not always true.
Anyone get the physical card yet? How many business days did it take? I have a Aug 31st deadline for a purchase.My understanding is only UR points can be combined with Reserve (Freedom, Ink, Sapphire)
Does anyone know if my wife's Chase United card miles will transfer? A 1.5x multiplier would be a great bonus. I intend to move my Chase Blue miles over.
I've never booked through their portal, but transferring to airlines and especially Hyatt is a great return. We've booked a Hyatt (normally over $200/night) for 80k points, the equivalent of $80 cash or $120 max on their portal.
I've never booked through their portal, but transferring to airlines and especially Hyatt is a great return. We've booked a Hyatt (normally over $200/night) for 80k points, the equivalent of $80 cash or $120 max on their portal.
Isn't 80k points $800?
Anyone get the physical card yet? How many business days did it take? I have a Aug 31st deadline for a purchase.My understanding is only UR points can be combined with Reserve (Freedom, Ink, Sapphire)
Does anyone know if my wife's Chase United card miles will transfer? A 1.5x multiplier would be a great bonus. I intend to move my Chase Blue miles over.
Anyone get the physical card yet? How many business days did it take? I have a Aug 31st deadline for a purchase.
Does anyone know if my wife's Chase United card miles will transfer? A 1.5x multiplier would be a great bonus. I intend to move my Chase Blue miles over.
Sorry, 8k points. Edited.I've never booked through their portal, but transferring to airlines and especially Hyatt is a great return. We've booked a Hyatt (normally over $200/night) for 80k points, the equivalent of $80 cash or $120 max on their portal.
Isn't 80k points $800?
If you get the "we'll let you know" after applying, you can call the reconsideration line. My DH was at 5/24, but one was an authorized user on a cancelled card. They took that off and he was approved.
I'm in the middle of a mortgage refi otherwise would jump on this. Hopefully the offer is still good in 2-3 weeks.
The real value is transferring these points to partners such as united. A round trip from North America to Europe is only 60,000 points. Along with this, you can book two "open jaws", basically short European flights with it. In short, one can go from Chicago to London to Paris to Munich to Rome back to Chicago for 60k. The dollar value depends on when you go, but that's typically a 2.5-3x return.Helpful to know, but it's not always true.
Just recently booked a trip from US to Europe and United flight was a bit over $500 for a round trip ticket or 40k UR points. The same flight if booked through United using miles would have required 60,000 points. No open jaw on upcoming trip, so if there is plan to hop through multiple cities, United might be better.
In any case, I would check both to ensure you get the best deal.
Wife was instantly approved 2 days ago.
I am certainly at the 5/24 so may attempt to apply in a local branch.
Now comes the challenge of intelligently spending $8k in 3 months...
Pre-pay, electric, cable, car insurance, phone, buy gift cards for food (costco?).
What else what else.
Now I'm curious. Does anyone know what criteria Chase's algorithm uses to 'decide' on instant approval.
My salary is 112k
My FICO score is 790
My dept-to-income ratio is between 0.5% and 2%, depending on the date the report is run
My debt-to-credit-limit ratio is 2%
I thought I'd be a shoe in, but instead my application has to be reviewed each time. What gives?
I am certainly at the 5/24 so may attempt to apply in a local branch.
Awesome, I just got approved. I was going to wait a month, hoping to include the Christmas season in the 3-month $4k spending window, but then I remembered my property tax bill should be showing up in about a month. I can pay the property tax online with a CC for a 2.19% fee and still come out way ahead with this :)
Now I'm curious. Does anyone know what criteria Chase's algorithm uses to 'decide' on instant approval.
My salary is 112k
My FICO score is 790
My dept-to-income ratio is between 0.5% and 2%, depending on the date the report is run
My debt-to-credit-limit ratio is 2%
I thought I'd be a shoe in, but instead my application has to be reviewed each time. What gives?
You didn't mention if you're over or under 5/24. If you are you'll be denied (sometimes instantly, sometimes after a 7-10 day message).
Additionally, you will pretty much never be instantly approved if you've moved recently.
Awesome, I just got approved. I was going to wait a month, hoping to include the Christmas season in the 3-month $4k spending window, but then I remembered my property tax bill should be showing up in about a month. I can pay the property tax online with a CC for a 2.19% fee and still come out way ahead with this :)
Is this actually allowed in their terms of service?
I've considered using a service like plastiq (which is cheaper for me than the fee my property taxes incur) but I'm not convinced that it's within the ToS for what earns points.
Now I'm curious. Does anyone know what criteria Chase's algorithm uses to 'decide' on instant approval.
My salary is 112k
My FICO score is 790
My dept-to-income ratio is between 0.5% and 2%, depending on the date the report is run
My debt-to-credit-limit ratio is 2%
I thought I'd be a shoe in, but instead my application has to be reviewed each time. What gives?
You didn't mention if you're over or under 5/24. If you are you'll be denied (sometimes instantly, sometimes after a 7-10 day message).
Additionally, you will pretty much never be instantly approved if you've moved recently.
I'm under the 5/24, but I move every 12-18 months. I also don't have a mortgage, which could be another hit.
Thanks! Mystery solved.
Is there some sort of "points for dummies" online tutorial? I'm new to travel reward cards (only use cash back) and I don't quite get how this works. For instance, do you have to go through their portal or an affiliate reward program to book a flight? What if I just find a great deal online with X airline, how do I use the points to book the travel?
Also, I assume these points are no different than the Freedom points so at worst, the 100,000 is worth $1,000 in cash back. Is that correct?
Now I'm curious. Does anyone know what criteria Chase's algorithm uses to 'decide' on instant approval.
My salary is 112k
My FICO score is 790
My dept-to-income ratio is between 0.5% and 2%, depending on the date the report is run
My debt-to-credit-limit ratio is 2%
I thought I'd be a shoe in, but instead my application has to be reviewed each time. What gives?
You didn't mention if you're over or under 5/24. If you are you'll be denied (sometimes instantly, sometimes after a 7-10 day message).
Additionally, you will pretty much never be instantly approved if you've moved recently.
I'm under the 5/24, but I move every 12-18 months. I also don't have a mortgage, which could be another hit.
Thanks! Mystery solved.
I don't know about that, actually. I have moved every 12 months for the last 5-6 years and have always been approved instantly for every card I've applied for. I did not have a mortgage until about a year ago. Have you had other types of installment loans (auto loans, student loans, etc.) before?
Anyway, this looks like an amazing card even if all you use is the sign-up bonus. I just got approved with a $21k limit, which will be the highest limit of any card I have.
Is there some sort of "points for dummies" online tutorial? I'm new to travel reward cards (only use cash back) and I don't quite get how this works. For instance, do you have to go through their portal or an affiliate reward program to book a flight? What if I just find a great deal online with X airline, how do I use the points to book the travel?
Also, I assume these points are no different than the Freedom points so at worst, the 100,000 is worth $1,000 in cash back. Is that correct?
Now I'm curious. Does anyone know what criteria Chase's algorithm uses to 'decide' on instant approval.
My salary is 112k
My FICO score is 790
My dept-to-income ratio is between 0.5% and 2%, depending on the date the report is run
My debt-to-credit-limit ratio is 2%
I thought I'd be a shoe in, but instead my application has to be reviewed each time. What gives?
You didn't mention if you're over or under 5/24. If you are you'll be denied (sometimes instantly, sometimes after a 7-10 day message).
Additionally, you will pretty much never be instantly approved if you've moved recently.
I'm under the 5/24, but I move every 12-18 months. I also don't have a mortgage, which could be another hit.
Thanks! Mystery solved.
I don't know about that, actually. I have moved every 12 months for the last 5-6 years and have always been approved instantly for every card I've applied for. I did not have a mortgage until about a year ago. Have you had other types of installment loans (auto loans, student loans, etc.) before?
Anyway, this looks like an amazing card even if all you use is the sign-up bonus. I just got approved with a $21k limit, which will be the highest limit of any card I have.
Huh. I can't explain it, then. In the past 13 years I've paid off a 17k student loan, a 10k personal loan, and a 7k car loan. Maybe that's part of the equation? Dunno. I guess it will remain a mystery.
Now I'm curious. Does anyone know what criteria Chase's algorithm uses to 'decide' on instant approval.
My salary is 112k
My FICO score is 790
My dept-to-income ratio is between 0.5% and 2%, depending on the date the report is run
My debt-to-credit-limit ratio is 2%
I thought I'd be a shoe in, but instead my application has to be reviewed each time. What gives?
You didn't mention if you're over or under 5/24. If you are you'll be denied (sometimes instantly, sometimes after a 7-10 day message).
Additionally, you will pretty much never be instantly approved if you've moved recently.
I'm under the 5/24, but I move every 12-18 months. I also don't have a mortgage, which could be another hit.
Thanks! Mystery solved.
I don't know about that, actually. I have moved every 12 months for the last 5-6 years and have always been approved instantly for every card I've applied for. I did not have a mortgage until about a year ago. Have you had other types of installment loans (auto loans, student loans, etc.) before?
Anyway, this looks like an amazing card even if all you use is the sign-up bonus. I just got approved with a $21k limit, which will be the highest limit of any card I have.
Do you already have a significant amount of Chase credit extended?Now I'm curious. Does anyone know what criteria Chase's algorithm uses to 'decide' on instant approval.
My salary is 112k
My FICO score is 790
My dept-to-income ratio is between 0.5% and 2%, depending on the date the report is run
My debt-to-credit-limit ratio is 2%
I thought I'd be a shoe in, but instead my application has to be reviewed each time. What gives?
You didn't mention if you're over or under 5/24. If you are you'll be denied (sometimes instantly, sometimes after a 7-10 day message).
Additionally, you will pretty much never be instantly approved if you've moved recently.
I'm under the 5/24, but I move every 12-18 months. I also don't have a mortgage, which could be another hit.
Thanks! Mystery solved.
I don't know about that, actually. I have moved every 12 months for the last 5-6 years and have always been approved instantly for every card I've applied for. I did not have a mortgage until about a year ago. Have you had other types of installment loans (auto loans, student loans, etc.) before?
Anyway, this looks like an amazing card even if all you use is the sign-up bonus. I just got approved with a $21k limit, which will be the highest limit of any card I have.
Huh. I can't explain it, then. In the past 13 years I've paid off a 17k student loan, a 10k personal loan, and a 7k car loan. Maybe that's part of the equation? Dunno. I guess it will remain a mystery.
I am certainly at the 5/24 so may attempt to apply in a local branch.
If you're already at 5/24, there's no point in wasting a hard pull. All data
points since Monday have indicated everyone past 5/24 has been rejected.
The only applicants who managed to bypass the 5/24 rule applied
immediately when the link was accidentally placed online last week.
I called the reconsideration line, and the helpful person told me the application went through!
I now have a Chase Freedom, Sapphire Preferred, and Sapphire Reserve. My credit limit on the Reserve is $17,800. Bringing my total Chase credit up to $55,800.
The reason my application wasn't immediately approved was my deep, dark past. I had a charge off from Chase, back in 2001. Fell off my credit report a long time ago. So long ago, I didn't even consider it. But Chase remembers. Chase remembers, and Chase hates, Preciouses. I asked the helpful person if the hit would ever fall off my Chase report, and she kind of snorted. Implying I was a deadbeat, and pretty stupid, but wtf ever. That card is mine!
Just an FYI for anybody waiting...I applied and was approved Monday morning and received my card today. So it took 4 days to get the card.
Edit: it was also in a chase envelope, which was in a sealed UPS letter envelope with a piece of literature regarding the card, which I found odd.
Nope. I think I got my sapphire preferred card just as quick from them. Both within 5 business days.Just an FYI for anybody waiting...I applied and was approved Monday morning and received my card today. So it took 4 days to get the card.
Edit: it was also in a chase envelope, which was in a sealed UPS letter envelope with a piece of literature regarding the card, which I found odd.
Yay... and you didn't ask for expedited?
Got instant approval yesterday. ENORMOUS credit limit. YAY!
My first foray into the credit card churning world.
No. From approval.Got instant approval yesterday. ENORMOUS credit limit. YAY!
My first foray into the credit card churning world.
Same! Hoping to get it early next week.
Does the 90-day spend start when you activate the card?
I also do all my charitable giving on my cards, such as tithe, which is also a big one for me.
Am I understanding correctly that the $450 is charged at the end of the year, so can I cancel before that and still get the $1,500 if booked through UR, and the two years of $300?
Am I understanding correctly that the $450 is charged at the end of the year, so can I cancel before that and still get the $1,500 if booked through UR, and the two years of $300?
From what I understand, the annual fee is charged up front (and doesn't count toward minimum spend).
You'll get the points and $300 travel credit for each of 2016 and 2017, assuming you charge travel each calendar year.
Part of me is bummed I can't take advantage of this offer but then part of me is happy that I don't have 4 grand I need to spend in the next 3 months. That can be put on a CC at least. Why can't mortgages be paid with a CC, why!!!
Part of me is bummed I can't take advantage of this offer but then part of me is happy that I don't have 4 grand I need to spend in the next 3 months. That can be put on a CC at least. Why can't mortgages be paid with a CC, why!!!
Part of me is bummed I can't take advantage of this offer but then part of me is happy that I don't have 4 grand I need to spend in the next 3 months. That can be put on a CC at least. Why can't mortgages be paid with a CC, why!!!
Greetings all. Stopped lurking and actually joined. Signed up for this deal and was instantly approved. When I get the card, I will go to my Holiday Inn rewards site and buy points with the card as they are running a sale on points for the next two weeks. Figure that'll cover the $300 travel spend right off the bat.
I'm not sure what you mean, why wouldn't it be allowed? My county accepts payment for taxes via cc, they just charge you an extra 2.19% - basically passing the merchant fee on to you. Being a cheapass, I usually pay by check because I don't want to pay an extra $40 in fees, but in this situation its worth it.
ETA: OK after rubic's post below I think what you're asking is if prop taxes will be coded as a purchase or cash advance.... All my internetting indicates it is a purchase, I will report back if it doesn't work out this way :)
I had a question about rewards in general. If you book travel through chase directly will they misc 1099 you? I presume that if you turned the points into cash back they would just didn't know how'd they handle the travel. In the past all my points have been dropped into my rapid rewards account and I've never had them 1099 for the cost of the free airfare. I'm actually quite surprised they didn't as sorry as the IRS is.
I had a question about rewards in general. If you book travel through chase directly will they misc 1099 you? I presume that if you turned the points into cash back they would just didn't know how'd they handle the travel. In the past all my points have been dropped into my rapid rewards account and I've never had them 1099 for the cost of the free airfare. I'm actually quite surprised they didn't as sorry as the IRS is.
No 1099. It's not income.
I had a question about rewards in general. If you book travel through chase directly will they misc 1099 you? I presume that if you turned the points into cash back they would just didn't know how'd they handle the travel. In the past all my points have been dropped into my rapid rewards account and I've never had them 1099 for the cost of the free airfare. I'm actually quite surprised they didn't as sorry as the IRS is.
No 1099. It's not income.
The IRS has explicitly stated that credit card cash back is a rebate, not income. It reduces the cost basis of items bought to earn the cash back. (This is important because if you were to later sell this item for profit, your cash back in effect becomes taxable).
The IRS has never explicitly said anything about points. The principle remains that it is a rebate, but the issue of how to value them has never, to my knowledge, ever been resolved.
I'm not sure what you mean, why wouldn't it be allowed? My county accepts payment for taxes via cc, they just charge you an extra 2.19% - basically passing the merchant fee on to you. Being a cheapass, I usually pay by check because I don't want to pay an extra $40 in fees, but in this situation its worth it.
ETA: OK after rubic's post below I think what you're asking is if prop taxes will be coded as a purchase or cash advance.... All my internetting indicates it is a purchase, I will report back if it doesn't work out this way :)
Paid property taxes last year with the Chase Sapphire Preferred to get the $4k spend. No issues. Paid 2.19% extra to the County.
I'm assuming the Global Entry Application fee ($100) and the travel expenditures that get reimbursed per calendar year ($300) would count toward the $4000 spend, right?
I'm considering jumping on this offer as I will be able to pay labor and delivery hospital bills with this car. I'm nervous about jumping on the credit churning ride though. We will be traveling next year year but I already have 4 cards (zero balance).
Just got auto approved online for $18kish.
Going to pay property taxes and some likely medical expenses plus normal spend. The 3x on travel/dining will be sort of nice as well as their expanded portal.
Hmm I don't imagine our local tax collector lets us use a CC for that! (Also I mailed the check last week.) I'm on the fence on getting this as I'm not sure where I could spend $4k over the next 3 months. $1k on car and landlord insurance. Maybe $2k total gas and groceries. Everything else would be stuff I might not have otherwise purchased.
Side note: Remember being an Authorized User on someone else's card counts against you for 5/24. I had failed to understand this properly before I applied last night and am in the dreaded further review. Wife just dropped me as an AU from her 2 new cards, but I should have waited for it to be processed/propagated fully before putting in the application for CSR.
I had 3 new cards in the past 24 months, + 2 more as an AU = 5/24, which Chase does NOT like. Fortunately one of my cards drops off in October, so worst case I can reapply then.
You use the Chase portal to buy airline tickets. In that case, you get a bonus. For example, spend 50k UR points for a ticket worth $750 (with the 50% bonus).
If you find a great deal with X airline, you'd need to find the same deal on the Chase portal.
I can probably get my wife the CSR though, and combine the 100k with my 70k balance of UR points. And hopefully get myself one next year. I was not aware of the fee for AU on this card, good to know. An annoying practice.
My DH's card was approved on Monday, I believe. It was sent economy UPS and is out for delivery today. Seems like yours should come in the next day or two.
My DH's card was approved on Monday, I believe. It was sent economy UPS and is out for delivery today. Seems like yours should come in the next day or two.
My DH's card was approved on Monday, I believe. It was sent economy UPS and is out for delivery today. Seems like yours should come in the next day or two.
Do you know if you're not home, if they'll leave it. I've never received a card by UPS before. Always mail.
I'm assuming the $450 annual fee isn't part of the $4k spend requirement? Do reimbursed travel expenses count - ie if you spend $3.7k normally and $300 in travel, will that count for $4k?That's probably safest to assume (but I don't know myself).
I'm assuming the $450 annual fee isn't part of the $4k spend requirement? Do reimbursed travel expenses count - ie if you spend $3.7k normally and $300 in travel, will that count for $4k?That's probably safest to assume (but I don't know myself).
Someone on the first page of this thread mentioned "storing" the points on a no fee card. Could I complete this sign-up bonus, transfer the 100,000 points to a no-fee card, and then downgrade or cancel the Sapphire Reserve?
This is quite the offer!
I have a nuts and bolts question: my fiance and I are planning to take a trip to Europe for our honeymoon summer of 2018. Obviously we would love to fly for free using points. This offer alone might cover us, but I would like to avoid having to pay the $450 annual fee 2x (now and then next year at this time).
Someone on the first page of this thread mentioned "storing" the points on a no fee card. Could I complete this sign-up bonus, transfer the 100,000 points to a no-fee card, and then downgrade or cancel the Sapphire Reserve?
In the terms, I seeYes.Quoteeach additional card: $75 per year.Does that mean if you add an Authorized User (i.e. my wife) that you pay an additional $75?
Someone on the first page of this thread mentioned "storing" the points on a no fee card. Could I complete this sign-up bonus, transfer the 100,000 points to a no-fee card, and then downgrade or cancel the Sapphire Reserve?
Yes - the points are stored with your Chase Account. So you can open a chase freedom (or Preferred card if you want to get the 50k signup there).
Blah - that's annoying as it makes it that much harder for me to target a $4k spend (i.e. can't give a card to my wife to use for groceries/gas OR I have to pay the $75.)
The CSR card came via UPS, and there's no sticker to activate. Really?
Also, I'm not an authorized user, but I'll still probably take it to the grocery store. I rarely buy enough to need to sign, anyway.
eta: Already paid for our cruise, and it shows up online, so yeah, no activation. Very odd.
Also, if you're close the your 3-month minimum spend window, you can just
purchase additional gift cards that you'll use in months 4, 5, ... etc.
Also, if you're close the your 3-month minimum spend window, you can just
purchase additional gift cards that you'll use in months 4, 5, ... etc.
This may be a dumb question... I keep seeing people say things like this in this thread. Are you turning around and paying cash to avoid interest charges? There is no intro APR period from what I recall of the terms.
To anyone that has been approved: have you gotten the full 300 travel credit or is it only a percentage of it because such a small portion of the year is left? Thanks!!
Also, if you're close the your 3-month minimum spend window, you can just
purchase additional gift cards that you'll use in months 4, 5, ... etc.
This may be a dumb question... I keep seeing people say things like this in this thread. Are you turning around and paying cash to avoid interest charges? There is no intro APR period from what I recall of the terms.
Not a dumb question. If this were any place other than an MMM forum,
it would be ladled with disclaimers about how you should always pay
off your entire credit card balance each month. Being MMM, it's
assumed that nobody would ever pay credit card interest rates on
their balances, but it never hurts to emphasize the point.
A less emphasized, but important point, is that we should never
justify an unnecessary purchase to meet minimum bonus spend
requirements. Again, it's assumed that people reading this forum
are intelligent, disciplined, and frugally yet attractively attired.
If you have a roadside emergency, you can call for a tow, jumpstart, tire change, locksmith or gas. You’re covered up to $50 per incident 4 times a year.2
One trick we plan on using to meet the minimum spending requirement if we are close to bot meeting the minimum (we sadly met it in 2 months for the sapphire preferred) is to just prepay our church tithing. We pay in the ballpark of 700 a month for that so we could always just pay 2 months in advance if we had to without creating any additional unnecessary spending.
One trick we plan on using to meet the minimum spending requirement if we are close to bot meeting the minimum (we sadly met it in 2 months for the sapphire preferred) is to just prepay our church tithing. We pay in the ballpark of 700 a month for that so we could always just pay 2 months in advance if we had to without creating any additional unnecessary spending.
The CSR card came via UPS, and there's no sticker to activate. Really?
Also, I'm not an authorized user, but I'll still probably take it to the grocery store. I rarely buy enough to need to sign, anyway.
eta: Already paid for our cruise, and it shows up online, so yeah, no activation. Very odd.
There are reports that the cards coming by UPS are pre-activated. Seems very risky to me since UPS leaves packages in many places, but apparently Chase does this normally.
FYI
Anyone can use plastiq.com to pay bills with their card. They charge a 2.5% fee which is not the worst thing ever. for $4K in spend you will be paying a fee of $100. Figure between groceries, utilities, and mortgage, $4k shouldn't be that hard to achieve. If you are willing to, you can buy gift card for your grocery store with no fee and just pre-pay your groceries for a while. Same for gas stations. Bay tends to have deals $92 for $100 gift cards.
Basically there are plenty of options to spend your $4k in 3 months. You might have to pay a little extra for it, but at the end even paying $100 in fees still makes the card an awesome deal.
FYI
Anyone can use plastiq.com to pay bills with their card. They charge a 2.5% fee which is not the worst thing ever. for $4K in spend you will be paying a fee of $100. Figure between groceries, utilities, and mortgage, $4k shouldn't be that hard to achieve. If you are willing to, you can buy gift card for your grocery store with no fee and just pre-pay your groceries for a while. Same for gas stations. Bay tends to have deals $92 for $100 gift cards.
Basically there are plenty of options to spend your $4k in 3 months. You might have to pay a little extra for it, but at the end even paying $100 in fees still makes the card an awesome deal.
This is pretty much what I am planning.
Also, I should add that getting the card around now makes it a lot more likely and easier to get the full $600 travel benefit - you have the rest of 2016 for the first $300 and up through the AF redemption next year for the next $300.
How does the $300 travel credit work? Do you have to ask for charges to be reimbursed or do they just automatically give you a credit for travel related items?they automatically reimburse you when you buy something coded as travel related. it happens pretty much immediately i think.
How does the $300 travel credit work? Do you have to ask for charges to be reimbursed or do they just automatically give you a credit for travel related items?they automatically reimburse you when you buy something coded as travel related. it happens pretty much immediately i think.
thats nice bc a lot of other companies you have to contact to get that travel credit.
How does the $300 travel credit work? Do you have to ask for charges to be reimbursed or do they just automatically give you a credit for travel related items?they automatically reimburse you when you buy something coded as travel related. it happens pretty much immediately i think.
thats nice bc a lot of other companies you have to contact to get that travel credit.
Well, I went for it and was instantly approved. Low spend limit, compared to others here, but I didn't get this card to be able to spend more.
I was curious whether Chase has some way to track your progress toward the 4k spend.
I signed up years ago for the free version of UPS My Choice (https://www.ups.com/mychoice/welcome.html) so I get an email the day before a package arrives. Very handy.
Got denied by the 5/24 rule even though I am a chase private client. This is very unfortunate.
Well, I went for it and was instantly approved. Low spend limit, compared to others here, but I didn't get this card to be able to spend more.
I was curious whether Chase has some way to track your progress toward the 4k spend.
I guess I should have been more specific. I want to know if there is clear tracking that I can see. I am hoping to make large daycare payments on the card and am concerned that they may be processed as something other than purchases. I will monitor the card, but am concerned that it will be unclear whether the payments count toward the initial spend.Well, I went for it and was instantly approved. Low spend limit, compared to others here, but I didn't get this card to be able to spend more.
I was curious whether Chase has some way to track your progress toward the 4k spend.
Chase instantly know what you spend on your card because, well, they are the credit card company. lol You can track it also on line. Charges will show as pending for a couple of days, but you will still see them instantly
The $300 travel cash back is per calendar year. The first year you have the card you could get $300 offset n 2016 and another $300 in 2017.
I'm not sure what you are finding so unclear. The only things that don't count as purchases are the annual fee, rollover balances, and things of that nature. But a purchase is a purchase. If you have spent $1500 per billing cycle for the first 2 billing cycles ($3k total), then you know you need to spend $1000 more before the next cycle closes. Do you have an online chase account? If not then signup and you can see your spending pretty clearly.I guess I should have been more specific. I want to know if there is clear tracking that I can see. I am hoping to make large daycare payments on the card and am concerned that they may be processed as something other than purchases. I will monitor the card, but am concerned that it will be unclear whether the payments count toward the initial spend.Well, I went for it and was instantly approved. Low spend limit, compared to others here, but I didn't get this card to be able to spend more.
I was curious whether Chase has some way to track your progress toward the 4k spend.
Chase instantly know what you spend on your card because, well, they are the credit card company. lol You can track it also on line. Charges will show as pending for a couple of days, but you will still see them instantly
Chase doesn't have much incentive to make it clear, but they may do so in the name of customer service. Ho easy do they make tracking, Mary W?
I would definitely apply for this if I wasn't over 5/24.
I just started saving points about a year ago and we've amassed enough so that I can bring my wife and kids to a conference I'm going to in Hawaii and stay for at least an extra week.
It's pretty amazing to be able to get so much free stuff just for being able to pay your bills on time.
I guess I should have been more specific. I want to know if there is clear tracking that I can see. I am hoping to make large daycare payments on the card and am concerned that they may be processed as something other than purchases. I will monitor the card, but am concerned that it will be unclear whether the payments count toward the initial spend.Well, I went for it and was instantly approved. Low spend limit, compared to others here, but I didn't get this card to be able to spend more.
I was curious whether Chase has some way to track your progress toward the 4k spend.
Chase instantly know what you spend on your card because, well, they are the credit card company. lol You can track it also on line. Charges will show as pending for a couple of days, but you will still see them instantly
Chase doesn't have much incentive to make it clear, but they may do so in the name of customer service. Ho easy do they make tracking, Mary W?
I guess I should have been more specific. I want to know if there is clear tracking that I can see. I am hoping to make large daycare payments on the card and am concerned that they may be processed as something other than purchases. I will monitor the card, but am concerned that it will be unclear whether the payments count toward the initial spend.Well, I went for it and was instantly approved. Low spend limit, compared to others here, but I didn't get this card to be able to spend more.
I was curious whether Chase has some way to track your progress toward the 4k spend.
Chase instantly know what you spend on your card because, well, they are the credit card company. lol You can track it also on line. Charges will show as pending for a couple of days, but you will still see them instantly
Chase doesn't have much incentive to make it clear, but they may do so in the name of customer service. Ho easy do they make tracking, Mary W?
I am over that as well, but I have no idea when the last one is going to drop off...
I've never had a card with an annual fee before. Is the fee charged at the start of a new calendar year, or at the start of a new membership year, (i.e. on your cardholder anniversary)?
Will use the 300 to pay for Boston trip before Christmas and then the 250,000 points that we accumulated to pay for a sweet Alaska trip next summer...
I guess I should have been more specific. I want to know if there is clear tracking that I can see. I am hoping to make large daycare payments on the card and am concerned that they may be processed as something other than purchases. I will monitor the card, but am concerned that it will be unclear whether the payments count toward the initial spend.Well, I went for it and was instantly approved. Low spend limit, compared to others here, but I didn't get this card to be able to spend more.
I was curious whether Chase has some way to track your progress toward the 4k spend.
Chase instantly know what you spend on your card because, well, they are the credit card company. lol You can track it also on line. Charges will show as pending for a couple of days, but you will still see them instantly
Chase doesn't have much incentive to make it clear, but they may do so in the name of customer service. Ho easy do they make tracking, Mary W?
Awwww yeah!!! Approved for 35k in 5 minutes online. Bless the American banking system that screws so many people (silly people). Wife and I each already churned the sapphire preferred a few months ago and now are doing this... Will use the 300 to pay for Boston trip before Christmas and then the 250,000 points that we accumulated to pay for a sweet Alaska trip next summer... And then Cancel everything... America!!
I've never had a card with an annual fee before. Is the fee charged at the start of a new calendar year, or at the start of a new membership year, (i.e. on your cardholder anniversary)?
For this particular card, the fee is charged in the first billing cycle, then every
year afterward. In some cases, there are AF cards with annual fees that are
waived the first year.
Chase doesn't have much incentive to make it clear, but they may do so in the name of customer service. Ho easy do they make tracking, Mary W?
Jaguar Paw Be sure to transfer the 250k points from sapphire preferred to the reserve card. The preferred spends at approx 1.2x face value but the reserved spends at 1.5x. That's 75k more valueAwwww yeah!!! Approved for 35k in 5 minutes online. Bless the American banking system that screws so many people (silly people). Wife and I each already churned the sapphire preferred a few months ago and now are doing this... Will use the 300 to pay for Boston trip before Christmas and then the 250,000 points that we accumulated to pay for a sweet Alaska trip next summer... And then Cancel everything... America!!
Awesome, thanks for the tip!!
Would paying my rent via paypal count towards the 4k?
Thanks for the help. It was exactly my concern. I signed up for the card today and haven't even logged into the account, yet. I will probably check with the daycare and then lower the cash advance limit. Thanks again.I guess I should have been more specific. I want to know if there is clear tracking that I can see. I am hoping to make large daycare payments on the card and am concerned that they may be processed as something other than purchases. I will monitor the card, but am concerned that it will be unclear whether the payments count toward the initial spend.Well, I went for it and was instantly approved. Low spend limit, compared to others here, but I didn't get this card to be able to spend more.
I was curious whether Chase has some way to track your progress toward the 4k spend.
Chase instantly know what you spend on your card because, well, they are the credit card company. lol You can track it also on line. Charges will show as pending for a couple of days, but you will still see them instantly
Chase doesn't have much incentive to make it clear, but they may do so in the name of customer service. Ho easy do they make tracking, Mary W?
If you're concerned that it will process as a cash advance (that's the only problem I could envision) then call customer service and ask that your cash advance limit be dropped to zero or $100.
Does anyone know if we can get cash back on the 100,000 bonus points instead of using for travel? Please let me know.
Thanks
H2R
Does anyone know if you use Square Cash or Venmo to send money to someone via credit card, is that considered a purchase or cash advance?
Been thinking about getting into the CC churning game and finally decided to give this one a try. Generating $4k of spend will take some creativity, but it sure sounds like a good deal. I plan on being fully FIRE in 2017 so these points will really come in handy for my travel plans. Any other cards the group would suggest after this one? As I said, I'm really new to this and only had one CC before I applied for this one. Not gonna lie - I'm pretty excited about the prospects of the CC deals!
Cash back on 100,000 pts is $1,000.
Greetings all. Stopped lurking and actually joined. Signed up for this deal and was instantly approved. When I get the card, I will go to my Holiday Inn rewards site and buy points with the card as they are running a sale on points for the next two weeks. Figure that'll cover the $300 travel spend right off the bat.
Be very careful and ensure this will count as a travel expense. Once upon a time I used points + cash to book an IHG hotel. I used my Barclaycard so I could erase the charge. Didn't work b/c while I thought I was paying cash to for a hotel room what I was really doing was buying points from a third party. It didn't code with Barclaycard as a "travel" purchase. Not saying it won't work here b/c Barclaycard isn't Chase. Just be sure or have a backup plan.
Cash back on 100,000 pts is $1,000.
Glad you mentioned this. So you can get cash back with the Chase Sapphire Reserve card then? Maybe I'm suffering from situational blindness, but I can't find anything about it on the site.
Thanks for the heads up on this. It's scary how easy it is to get approved for a large amount of credit...
I plan on keeping this one and cancelling my Preferred right before the annual fee is charged.
Can anybody verify that purchasing $300 gift cards for American or Southwest would count as a travel expense?
For example, if you already have 100k points, under the Preferred, you can exchange 100k for $1200 worth of reward travel. Under the Reserve, you can exchange the same points for $1500 worth of reward travel. In other words, just by moving reward points from Preferred to Reserved you automatically gain $300 in reward redemption value.Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
Also...i wonder if you can carry over that $300 travel credit from year to year....anybody know?
https://creditcards.chase.com/credit-cards/chase-sapphire-reserve2?CELL=6305&IS2F=FH24R8For example, if you already have 100k points, under the Preferred, you can exchange 100k for $1200 worth of reward travel. Under the Reserve, you can exchange the same points for $1500 worth of reward travel. In other words, just by moving reward points from Preferred to Reserved you automatically gain $300 in reward redemption value.Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
Also...i wonder if you can carry over that $300 travel credit from year to year....anybody know?
I am not new to UR points but I'm confused by the 1.5x multiplier talked about for redeeming points with the Reserve card. It makes sense that you would earn more points because of the dining/travel bonus but I can't find where it says redeeming points with Reserve is more valuable. If you were to book the same trip on the Preferred and Reserve systems, the Reserve system would cost less points? I have 60k UR points on Preferred and 60K UR points on Ink Plus so this would be nice to know. I will be applying for the Reserve regardless of the answer to my question.
Thanks to all for the great information in this thread.
https://creditcards.chase.com/credit-cards/chase-sapphire-reserve2?CELL=6305&IS2F=FH24R8For example, if you already have 100k points, under the Preferred, you can exchange 100k for $1200 worth of reward travel. Under the Reserve, you can exchange the same points for $1500 worth of reward travel. In other words, just by moving reward points from Preferred to Reserved you automatically gain $300 in reward redemption value.Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
Also...i wonder if you can carry over that $300 travel credit from year to year....anybody know?
I am not new to UR points but I'm confused by the 1.5x multiplier talked about for redeeming points with the Reserve card. It makes sense that you would earn more points because of the dining/travel bonus but I can't find where it says redeeming points with Reserve is more valuable. If you were to book the same trip on the Preferred and Reserve systems, the Reserve system would cost less points? I have 60k UR points on Preferred and 60K UR points on Ink Plus so this would be nice to know. I will be applying for the Reserve regardless of the answer to my question.
Thanks to all for the great information in this thread.
50% more in travel redemption
Get 50% more value when you redeem for travel through Chase Ultimate Rewards.* For example, 100,000 points are worth $1,500 toward travel.
Can anybody verify that purchasing $300 gift cards for American or Southwest would count as a travel expense?
https://creditcards.chase.com/credit-cards/chase-sapphire-reserve2?CELL=6305&IS2F=FH24R8For example, if you already have 100k points, under the Preferred, you can exchange 100k for $1200 worth of reward travel. Under the Reserve, you can exchange the same points for $1500 worth of reward travel. In other words, just by moving reward points from Preferred to Reserved you automatically gain $300 in reward redemption value.Just transferred my points from Preferred to Reserve and it appears I have already made back the annual fee in terms of increased travel redemption (from 1.2x with Preferred to 1.5x with Reserve). Woohoo!can you elaborate more on what exactly this accomplished/how? I am curious.
Also...i wonder if you can carry over that $300 travel credit from year to year....anybody know?
I am not new to UR points but I'm confused by the 1.5x multiplier talked about for redeeming points with the Reserve card. It makes sense that you would earn more points because of the dining/travel bonus but I can't find where it says redeeming points with Reserve is more valuable. If you were to book the same trip on the Preferred and Reserve systems, the Reserve system would cost less points? I have 60k UR points on Preferred and 60K UR points on Ink Plus so this would be nice to know. I will be applying for the Reserve regardless of the answer to my question.
Thanks to all for the great information in this thread.
50% more in travel redemption
Get 50% more value when you redeem for travel through Chase Ultimate Rewards.* For example, 100,000 points are worth $1,500 toward travel.
Even better: transfer the points you have in your Ink and Preferred cards to your new Reserve card and they will also be worth 50% for travel. Will take 5 minutes to do on the website.
Well there you go. I'll work on my reading comprehension. Thanks!
When I talked with Chase customer support (to verify activation) they did not think my cruise tickets via Vacations2Go would qualify for 3x points or for the $300 travel. They seem to look for purchases direct from the airlines or through their points award travel system.
Does anyone know if paying off a $4k purchase immediately will speed up the 100k points award?
Thanks for the heads up on this. It's scary how easy it is to get approved for a large amount of credit...
I plan on keeping this one and cancelling my Preferred right before the annual fee is charged.
Can anybody verify that purchasing $300 gift cards for American or Southwest would count as a travel expense?
I'm planning on converting my CSP to a freedom, rather than cancelling it.
You can freely transfer points between them anyways.
The CSR seems like a worthwhile card to keep at least one of after my wife and I churn both CSP and CSR bonuses for both of us. Might convert both CSPs and one CSR to freedoms. I'm assuming you can have multiple freedom cards with Chase?
I'm planning on converting my CSP to a freedom, rather than cancelling it.
You can freely transfer points between them anyways.
The CSR seems like a worthwhile card to keep at least one of after my wife and I churn both CSP and CSR bonuses for both of us. Might convert both CSPs and one CSR to freedoms. I'm assuming you can have multiple freedom cards with Chase?
I didn't even know this was an option. Do you just call and ask them to convert it?
Question: If I want to combine points from the United Mileage Plus Card (also Chase) with points from the CSR card, can I do this through the Chase portal or do I lose the opportunity to combine these?
I'm planning on converting my CSP to a freedom, rather than cancelling it.
You can freely transfer points between them anyways.
The CSR seems like a worthwhile card to keep at least one of after my wife and I churn both CSP and CSR bonuses for both of us. Might convert both CSPs and one CSR to freedoms. I'm assuming you can have multiple freedom cards with Chase?
I didn't even know this was an option. Do you just call and ask them to convert it?
My understanding is that when the AF hits you can call them and downgrade it.
Last time I cancelled my annual fee it was prorated. This was for AMEX, but wouldn't the Chase annual fees also be pro rata?
I'm planning on converting my CSP to a freedom, rather than cancelling it.
You can freely transfer points between them anyways.
The CSR seems like a worthwhile card to keep at least one of after my wife and I churn both CSP and CSR bonuses for both of us. Might convert both CSPs and one CSR to freedoms. I'm assuming you can have multiple freedom cards with Chase?
I didn't even know this was an option. Do you just call and ask them to convert it?
My understanding is that when the AF hits you can call them and downgrade it.
I don't understand how UR points are worth 2c? On a number of occasions I have found revenue flight paid with UR points through UR portal actually cost less miles than airline transfer. Can someone enlighten me on the value of UR points? Maybe I'm doing it wrong.It certainly depends on the flights. Short haul, it probably is better to buy a revenue flight, but I flew cross country round trip first class for 50k points (the equivalent of $500). Try finding that through their portal. Even a coach round trip flight was more than $500.
SW flights are another good thing - points are always lower than revenue flights.
When I talked with Chase customer support (to verify activation) they did not think my cruise tickets via Vacations2Go would qualify for 3x points or for the $300 travel. They seem to look for purchases direct from the airlines or through their points award travel system.I see what you mean. I can use 40k KrisFlyer points to buy United round trip domestic business, which would normally cost more than $600.
Does anyone know if paying off a $4k purchase immediately will speed up the 100k points award?
SW flights are another good thing - points are always lower than revenue flights.
Huh? Southwest flights booked with points are pegged to the cash price of the ticket (specifically, the base fare, which excludes taxes and fees).
SW flights are another good thing - points are always lower than revenue flights.
Huh? Southwest flights booked with points are pegged to the cash price of the ticket (specifically, the base fare, which excludes taxes and fees).
Pegged to, perhaps, but still cheaper to buy with points, IMHO. I just checked an east coast flight - cash, $146. Points, 8,263 ($82.63 + $5.50 fee). Not .02/point, but cheaper than cash.
AAAAAGGHHHHH.....
Still pending.
For the AMEX PRG card, I was able to download the United Mileage Plus app and buy $100 in Amazon gift cards through that app, and it was coded as "travel". This is how I used the $100 in annual airline fee credit that comes with the card.
Does anyone know if you can do something similar to take advantage of the $300 in travel rewards for the Reserve card?
Question: If I want to combine points from the United Mileage Plus Card (also Chase) with points from the CSR card, can I do this through the Chase portal or do I lose the opportunity to combine these?
You just transfer whatever number of UR points you need to your
United Airlines account. I just transferred 1,000 points to my Southwest
account, as I was getting near the 24 month inactivity expiration,
because I closed my Chase SW account 2 years ago.
Ok, but I wouldn't be able to use the United Mileage Plus points through the Chase portal - I would have to send the Chase points to United, right?
Don't transfer UR points to United until you need them, or you'll
forgo the additional flexibility they offer you for other travel expenses.
I have a SAHW - what do we put for income and employment status ( can I use family income)
i've been wondering about something... obviously these sign-up bonuses make these cards worthwhile for churning. but how do you guys decide which cards to keep longterm and which ones are most people keeping longterm (if any. constantly churning seems to be, by far, the most economical option, insomuch as cc companies will keep approving).
I am thinking the same...i mean if you spend $10k/year and you get 1.5xpoints if you redeem through their portal...that takes care of that $150 in a sense. I have the freedom, preferred, and reserve...i think i may cancel the preferred next year and keep the freedom and reserve.i've been wondering about something... obviously these sign-up bonuses make these cards worthwhile for churning. but how do you guys decide which cards to keep longterm and which ones are most people keeping longterm (if any. constantly churning seems to be, by far, the most economical option, insomuch as cc companies will keep approving).
This card seems reasonable to keep long term, to me.
It's got $50/incident roadside assist. The $300/year travel reimbursement means it only costs $150. It has significant price/travel protection benefits. And it also redeems points at a really high rate through the portal - 1.5x is much better than either the CSP or Freedom allow and you can transfer all your points to it.
I am thinking the same...i mean if you spend $10k/year and you get 1.5xpoints if you redeem through their portal...that takes care of that $150 in a sense. I have the freedom, preferred, and reserve...i think i may cancel the preferred next year and keep the freedom and reserve.
I am thinking the same...i mean if you spend $10k/year and you get 1.5xpoints if you redeem through their portal...that takes care of that $150 in a sense. I have the freedom, preferred, and reserve...i think i may cancel the preferred next year and keep the freedom and reserve.
Yeah, but you can get 2% cash back ($200 on that same $10,000) with a fee-free card... and you wouldn't have to spend it on travel if you didn't want to. The question should not be "can I make it pay for itself?" it should be "is this the maximum rewards I can get?"
excellent point. I guess it depends on where i stand with my cards next year as I don't plan on signing up for another card til the middle of next year.I am thinking the same...i mean if you spend $10k/year and you get 1.5xpoints if you redeem through their portal...that takes care of that $150 in a sense. I have the freedom, preferred, and reserve...i think i may cancel the preferred next year and keep the freedom and reserve.
Yeah, but you can get 2% cash back ($200 on that same $10,000) with a fee-free card... and you wouldn't have to spend it on travel if you didn't want to. The question should not be "can I make it pay for itself?" it should be "is this the maximum rewards I can get?"
Just got my annual fee waived, thanks to SCRA. I know it wasn't me personally, but I feel like the top ape right now, waving my arms in ecstatic victory. Winning!
Actually, I'm vaguly annoyed I had to call Chase, and specifically enroll my Reserve card, when the Sapphire is already in the system. That's either lazy, or greedy. BUT, the phone call took 3 minutes, which is roughly $8600/hour. I'll take it.
Military thing. The Servicemember's Civil Relief Act.Just got my annual fee waived, thanks to SCRA. I know it wasn't me personally, but I feel like the top ape right now, waving my arms in ecstatic victory. Winning!
Actually, I'm vaguly annoyed I had to call Chase, and specifically enroll my Reserve card, when the Sapphire is already in the system. That's either lazy, or greedy. BUT, the phone call took 3 minutes, which is roughly $8600/hour. I'll take it.
What is SCRA and how did that get your fee waived?
Military thing. The Servicemember's Civil Relief Act.Just got my annual fee waived, thanks to SCRA. I know it wasn't me personally, but I feel like the top ape right now, waving my arms in ecstatic victory. Winning!
Actually, I'm vaguly annoyed I had to call Chase, and specifically enroll my Reserve card, when the Sapphire is already in the system. That's either lazy, or greedy. BUT, the phone call took 3 minutes, which is roughly $8600/hour. I'll take it.
What is SCRA and how did that get your fee waived?
I am thinking the same...i mean if you spend $10k/year and you get 1.5xpoints if you redeem through their portal...that takes care of that $150 in a sense. I have the freedom, preferred, and reserve...i think i may cancel the preferred next year and keep the freedom and reserve.
Yeah, but you can get 2% cash back ($200 on that same $10,000) with a fee-free card... and you wouldn't have to spend it on travel if you didn't want to. The question should not be "can I make it pay for itself?" it should be "is this the maximum rewards I can get?"
i've been wondering about something... obviously these sign-up bonuses make these cards worthwhile for churning. but how do you guys decide which cards to keep longterm and which ones are most people keeping longterm (if any. constantly churning seems to be, by far, the most economical option, insomuch as cc companies will keep approving).
fyi, I spoke with Chase rep and confirmed that the $300 travel reimbursement is taken off your bill automatically when you purchase travel related items and will start right away (ie, doesn't only kick in after the minimum spend is met). I know I read that somewhere in this long thread, but just confirming it for others that might not have read the entire thread.
I understand that getting cashback is different than redeeming for miles, but if I keep this card open and keep transferring the points from my Chase Freedom, does this effectively make my Freedom card a 7.5% reward card on the 5% rotating categories?
I understand that getting cashback is different than redeeming for miles, but if I keep this card open and keep transferring the points from my Chase Freedom, does this effectively make my Freedom card a 7.5% reward card on the 5% rotating categories?
No. Cash back is still at 1 cent per point.
If I don't travel all that often, is this card worth it considering the annual fee?
I am thinking the same...i mean if you spend $10k/year and you get 1.5xpoints if you redeem through their portal...that takes care of that $150 in a sense. I have the freedom, preferred, and reserve...i think i may cancel the preferred next year and keep the freedom and reserve.
Yeah, but you can get 2% cash back ($200 on that same $10,000) with a fee-free card... and you wouldn't have to spend it on travel if you didn't want to. The question should not be "can I make it pay for itself?" it should be "is this the maximum rewards I can get?"
Hmm...I'm interested, but I don't think I like the fact that the annual fee is posted right away.
I understand that getting cashback is different than redeeming for miles, but if I keep this card open and keep transferring the points from my Chase Freedom, does this effectively make my Freedom card a 7.5% reward card on the 5% rotating categories?
Yeah, but you can get 2% cash back ($200 on that same $10,000) with a fee-free card... and you wouldn't have to spend it on travel if you didn't want to. The question should not be "can I make it pay for itself?" it should be "is this the maximum rewards I can get?"
the csr is 3 points per dollar spent. if it's 1.5x points if you book through their portal (as people have said here, though i haven't verified), it's 4.5% "cash back" (i don't know the correct term for thsi) if you book travel through their portal
I understand that getting cashback is different than redeeming for miles, but if I keep this card open and keep transferring the points from my Chase Freedom, does this effectively make my Freedom card a 7.5% reward card on the 5% rotating categories?
No. Cash back is still at 1 cent per point.
It works out to 7.5% if the points are redeemed through the Chase travel portal.
Yeah, but you can get 2% cash back ($200 on that same $10,000) with a fee-free card... and you wouldn't have to spend it on travel if you didn't want to. The question should not be "can I make it pay for itself?" it should be "is this the maximum rewards I can get?"
the csr is 3 points per dollar spent. if it's 1.5x points if you book through their portal (as people have said here, though i haven't verified), it's 4.5% "cash back" (i don't know the correct term for thsi) if you book travel through their portal
No, it's 3x per dollar only on travel and dining. Everything else is 1x. It's great if you travel a lot - 3x points and 1.5x value if you book through them. If you don't spend enough on travel, it's not going to be that good going forward. I don't spend anywhere near enough on travel to make it work.
I won't even talk about dining out enough to make those numbers work because this is MMM ;)
Not sure if my math is right but I think $6000 in annual travel/dining spending (NOT including the stuff you book with points) would be the break-even point with this card over a 2% cash-back card. Doable for some folks, but a pretty small slice of the population.
Not sure if my math is right but I think $6000 in annual travel/dining spending (NOT including the stuff you book with points) would be the break-even point with this card over a 2% cash-back card. Doable for some folks, but a pretty small slice of the population.
With the caveat that you need to actually be using the points for travel through the Chase portal, here is what I think is the optimal strategy to using Chase cards and avoiding any annual fee except the CSR:
Chase Freedom: 7.5% on rotating categories
Ink: 7.5% on office stores, phone, internet and such
Chase Sapphire Reserve: 4.5% on travel and dining
Ink: 3% on gas
Chase Freedom Unlimited: 2.25% on everything else.
Note, this is the "effective" return rate by using the points for travel via Chase, and presuming that you transfer all points to CSR for redemption to give the 1.5x multiplier.
i wonder if it's worth it to apply for this and close my capital one venture card without using the bonus...
i found out about the chase sapphire reserve after i received my capital one venture card (40,000 bonus ponts for charging $3k in three months). The reserve card bonus is obviously far better than capital one's, but ideally i would complete the capital one's bonus and then apply for the csr. My only worry is the csr's bonus offer might be gone in three months. For those more seasoned cc bonus churners out there, how long do these offers usually last? thanks.
I don't know if their internal response is "Yay! We hit a major success, full speed ahead" or "Oh shit, we miscalculated something. How soon can we cut this off?"
i wonder if it's worth it to apply for this and close my capital one venture card without using the bonus...
i found out about the chase sapphire reserve after i received my capital one venture card (40,000 bonus ponts for charging $3k in three months). The reserve card bonus is obviously far better than capital one's, but ideally i would complete the capital one's bonus and then apply for the csr. My only worry is the csr's bonus offer might be gone in three months. For those more seasoned cc bonus churners out there, how long do these offers usually last? thanks.
The response to the CSR is unusually high. First Chase ran out of the fancy delivery boxes and started using envelopes. Then they ran out of fancy cards and started sending plain plastic ones.
I don't know if their internal response is "Yay! We hit a major success, full speed ahead" or "Oh shit, we miscalculated something. How soon can we cut this off?"
i've been wondering about something... obviously these sign-up bonuses make these cards worthwhile for churning. but how do you guys decide which cards to keep longterm and which ones are most people keeping longterm (if any. constantly churning seems to be, by far, the most economical option, insomuch as cc companies will keep approving).
This card seems reasonable to keep long term, to me.
It's got $50/incident roadside assist. The $300/year travel reimbursement means it only costs $150. It has significant price/travel protection benefits. And it also redeems points at a really high rate through the portal - 1.5x is much better than either the CSP or Freedom allow and you can transfer all your points to it.
Not sure if my math is right but I think $6000 in annual travel/dining spending (NOT including the stuff you book with points) would be the break-even point with this card over a 2% cash-back card. Doable for some folks, but a pretty small slice of the population.
With the caveat that you need to actually be using the points for travel through the Chase portal, here is what I think is the optimal strategy to using Chase cards and avoiding any annual fee except the CSR:
Chase Freedom: 7.5% on rotating categories
Ink: 7.5% on office stores, phone, internet and such
Chase Sapphire Reserve: 4.5% on travel and dining
Ink: 3% on gas
Chase Freedom Unlimited: 2.25% on everything else.
Note, this is the "effective" return rate by using the points for travel via Chase, and presuming that you transfer all points to CSR for redemption to give the 1.5x multiplier.
My wife and I were talking about adding her as a user for convenience as well but instead just decided to add the card to her apple pay. This works in a large amount of places and allows her to help meeting the 4K spending threshold without wasting an extra 75 bucks.
I don't know why people are surprised that the fee is charged right away.Many churnable cards waive the fee the first year, so some are surprised.
What yearly membership do you know what charges you at the end of the year ??
Every CC charges you the annual fee at the beginning. You can always cancel the card and they will give you the prorated fee back.
I don't know why people are surprised that the fee is charged right away.Many churnable cards waive the fee the first year, so some are surprised.
What yearly membership do you know what charges you at the end of the year ??
Every CC charges you the annual fee at the beginning. You can always cancel the card and they will give you the prorated fee back.
I don't know why people are surprised that the fee is charged right away.
What yearly membership do you know what charges you at the end of the year ??
Every CC charges you the annual fee at the beginning. You can always cancel the card and they will give you the prorated fee back.
Jonny847, thanks for the details. Would you recommend specific travel gift cards to purchase as well as a place to sell them?
I don't know why people are surprised that the fee is charged right away.
What yearly membership do you know what charges you at the end of the year ??
Every CC charges you the annual fee at the beginning. You can always cancel the card and they will give you the prorated fee back.
Just got my instant approval, hurray! Was more generous with my income estimate this time, so I avoided the credit line shuffle. On my last application I didn't include investment income, etc. Pretty sure this will take me to the 5/24 limit, though, so hopefully it's worth it. Probably will downgrade my CSP as others have suggested. Once the bonus hits this should take my ultimate rewards to 250k! Now if I can only get my SO on board we can have a pretty ridiculous, non-MMM vacation.
Your points don't expire, however you'll immediately lose all your points if your account status changes, or your account is closed, for any of the following reasons:
...
- We believe you've misused the program in any way, for example... by repeatedly opening or otherwise maintaining credit card accounts for the purpose of generating rewards
It seems they have a clause to revoke all points gained from the rewards. So just beware.
Also, I believe using Plastiq is explicitly considered a transaction type which is not part of their $4k spend bonus, so if you do go down this route, beware, they basically have language in their ToS to explicitly revoke points for such transactions.
I think that churning is basically against the Ultimate Rewards program agreement now:QuoteYour points don't expire, however you'll immediately lose all your points if your account status changes, or your account is closed, for any of the following reasons:
...
- We believe you've misused the program in any way, for example... by repeatedly opening or otherwise maintaining credit card accounts for the purpose of generating rewards
It seems they have a clause to revoke all points gained from the rewards. So just beware.
Also, I believe using Plastiq is explicitly considered a transaction type which is not part of their $4k spend bonus, so if you do go down this route, beware, they basically have language in their ToS to explicitly revoke points for such transactions.
Now that's interesting....
I think that churning is basically against the Ultimate Rewards program agreement now:QuoteYour points don't expire, however you'll immediately lose all your points if your account status changes, or your account is closed, for any of the following reasons:
...
- We believe you've misused the program in any way, for example... by repeatedly opening or otherwise maintaining credit card accounts for the purpose of generating rewards
It seems they have a clause to revoke all points gained from the rewards. So just beware.
Also, I believe using Plastiq is explicitly considered a transaction type which is not part of their $4k spend bonus, so if you do go down this route, beware, they basically have language in their ToS to explicitly revoke points for such transactions.
Do you have a reference on Plastiq? I would use it for legit spend, I'm not playing manufactured spend games.
Earning Points
How you can earn points: You’ll earn points when you, or an authorized user, use a Chase Sapphire Reserve℠ credit card to make purchases of products and services, minus returns or refunds. Buying products and services with your card, in most cases, will count as a purchase; however, the following types of transactions won’t count and won’t earn points: balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, overdraft advances, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable. 3
The following transactions will be treated as cash advances: purchasing travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions; purchasing lottery tickets, casino gaming chips, race track wagers or similar betting transactions; and making a payment using a third party service.
Hello ender,
Thank you for contacting Chase about setting up a limit on
cash advance transactions.
Ender, let me share that the option to set up an upper
limit on the amount of each cash advance transaction is
not available. Please accept our apologies for any
inconvenience this may cause.
If you need any other assistance, you can send us a secure
message. We appreciate your business and thank you for
choosing Chase.
Thank you,
Has anyone been able to lower their cash advance limit with the CSR?
I sent a message requesting it to be set to $50 and got this:QuoteHello ender,
Thank you for contacting Chase about setting up a limit on
cash advance transactions.
Ender, let me share that the option to set up an upper
limit on the amount of each cash advance transaction is
not available. Please accept our apologies for any
inconvenience this may cause.
If you need any other assistance, you can send us a secure
message. We appreciate your business and thank you for
choosing Chase.
Thank you,
From the 100k bonus points offer details (https://creditcards.chase.com/a1/sapphire/reserve/offer-details), emphasis mine:QuoteEarning Points
How you can earn points: You’ll earn points when you, or an authorized user, use a Chase Sapphire Reserve℠ credit card to make purchases of products and services, minus returns or refunds. Buying products and services with your card, in most cases, will count as a purchase; however, the following types of transactions won’t count and won’t earn points: balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, overdraft advances, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable. 3
Within the cardmember agreement included in my packet I received with the card, linked here (https://www.chase.com/content/feed/public/creditcards/cma/Chase/COL00057.pdf), the definition of the above bolded term (cash-like transactions) is, with emphasis mine:QuoteThe following transactions will be treated as cash advances: purchasing travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions; purchasing lottery tickets, casino gaming chips, race track wagers or similar betting transactions; and making a payment using a third party service.
I see nearly no situation where Plastiq would not be considered "making a payment using third party service."
It's possible they intend that to mean that "any 3rd party service using the card will be processed as a cash advance [unless you lower the limit to $20]" but the language is sloppy enough I would have some reservations about them not using the quoted text to retroactively invalidate bonus points awarded through spending should enough people run up $4k of Plastiq spending to hit their spend. Particularly since Plastiq is likely to be pretty obvious to them as I assume it all shows up as a fairly common source.
...snip for space saving...
This thread [risk of using Plastiq for minimum spend] has me concerned because I am (was) planning on covering the $4k spending requirement by making my estimated federal tax payments using Plastiq.
I did a quick google and found the following IRS site: https://www.irs.gov/uac/pay-taxes-by-credit-or-debit-card
This lead me to: https://www.pay1040.com/ which appears to be the lowest cost option in the IRS site (1.87% fee). I will talk to them and try to verify if the payment will be coded as a purchase (good) or as a cash advance (bad).
I may also flat out ask Chase if this is a valid spend.
Has anyone been able to lower their cash advance limit with the CSR?
I sent a message requesting it to be set to $50 and got this:QuoteHello ender,
Thank you for contacting Chase about setting up a limit on
cash advance transactions.
Ender, let me share that the option to set up an upper
limit on the amount of each cash advance transaction is
not available. Please accept our apologies for any
inconvenience this may cause.
If you need any other assistance, you can send us a secure
message. We appreciate your business and thank you for
choosing Chase.
Thank you,
Interesting development. I've never had a problem in the past with
lowering my cash advance limit to $100 -- with any bank.
http://www.doctorofcredit.com/how-to-avoid-cash-advance-fees/
You should still be okay with your planned purchases to meet your
minimum spend, however.
I called and the rep was able to do it.
I'm... not sure what the person answering my email was going on about. I've
had so much better luck connecting to Chase's support through their phone
lines than their email support.
I called and the rep was able to do it.
I'm... not sure what the person answering my email was going on about. I've
had so much better luck connecting to Chase's support through their phone
lines than their email support.
Makes sense. It's easier to decline your request via secure message than when you're on
the phone and can escalate the issue by asking to speak with their supervisor.
...snip for space saving...
This thread [risk of using Plastiq for minimum spend] has me concerned because I am (was) planning on covering the $4k spending requirement by making my estimated federal tax payments using Plastiq.
I did a quick google and found the following IRS site: https://www.irs.gov/uac/pay-taxes-by-credit-or-debit-card
This lead me to: https://www.pay1040.com/ which appears to be the lowest cost option in the IRS site (1.87% fee). I will talk to them and try to verify if the payment will be coded as a purchase (good) or as a cash advance (bad).
I may also flat out ask Chase if this is a valid spend.
Update: First bit of good news (from the FAQ page)
"5. Will I be charged a cash advance fee?
No, your tax payment will be treated like a retail purchase and not a cash advance."
https://www.pay1040.com/Default/TaxPayerTools/FrequentlyAskedQuestions#question05
If Chase denies this charge i may have a good argument with them since this is an IRS authorized and recommended site for paying taxes.
I got the Sapphire preferred a couple months ago with a 50k sign up bonus. Already purchased a round trip ticket to Vegas with it for about 25k miles.
Decided to apply for the Reserve as well. Got approved with a 28k limit. This will take my sign up bonus points to 350k over the last 2 years. If this over is still around in 3 months we will probably have my wife sign up as well. We could potentially hit 500k bonus miles for the last 2 years come December...
Got to love cheap airfare!
Sent from my SM-G935F using Tapatalk
We got 200k miles in sign up bonuses for American Airlines by signing up for 4 different cards about a year ago. It was right before US airways merged with American Airlines. We got 2 US airways cards with 50k bonus miles each and 2 American Airlines advantage cards with 50k bonus miles each.I got the Sapphire preferred a couple months ago with a 50k sign up bonus. Already purchased a round trip ticket to Vegas with it for about 25k miles.
Decided to apply for the Reserve as well. Got approved with a 28k limit. This will take my sign up bonus points to 350k over the last 2 years. If this over is still around in 3 months we will probably have my wife sign up as well. We could potentially hit 500k bonus miles for the last 2 years come December...
Got to love cheap airfare!
Sent from my SM-G935F using Tapatalk
What other cards did you get? I'm trying to get a little over 300K points in the next 18 months for 2 tickets to Europe. Thanks for any advice!
How does getting $600 before the second annual fee work? The first annual fee is charged upfront, and then the $300 credit won't post until December/January. The next annual fee would be charged before the next credit.
It's still a decent deal...at the end of the day you're paying $450 to get $1,800 worth of travel...but really only $1,350 of that is "free".
DENIED....although I kinda knew I would be.
800+ score and still denied. I got the letter today...too many CC in the last 2 years.
DENIED....although I kinda knew I would be.
800+ score and still denied. I got the letter today...too many CC in the last 2 years.
I have 12 cards in the last 2 years, and I was approved by asking in-branch if I was pre-approved - have you considered this path?
Hmmm...I don't think I'll have any problem spending $300 on actual travel, but I'm wondering if dining at a hotel restaurant would code as travel?
Apparently someone at Chase is working on labor day. CSR showed up on my Chase account online.
Folks don't waste the credit pull if you're over 5/24. You can sometimes get around 5/24 if you're "pre-approved" and apply in branch. Pre-approved is different from pre-qualified.
Someone asked if the priority pass is useful. It depends on your travel patterns but we love it. It helps if you have a nice PP lounge that works for you at your home airport (eg located in the same terminal as whatever airline you usually fly.) We use lounges on arrival back home as much as on departure.
Doctor of Credit, Miles to Memories and Frequent Miler are all good blogs to read up about the CSR if you're new to this.
People should be aware that American Express have recently been denying the sign up bonus for their Platinum card to people who purchased gift cards to meet minimum spend, and there is a fear Chase might try to do the same with the 100K offer for the CSR. Best to meet with normal spend if you can e.g., property taxes, pre-paying a few bills, health insurance if you're self-employed, making purchases for family member etc.
Apparently someone at Chase is working on labor day. CSR showed up on my Chase account online.
...and the card arrived today by Express UPS.
Plastic card with a promise of a fancy card later.
Actually for an MMM crowd there are a lot of spendypants going on if you can spend $4k on a credit card in three months.....I mean there are a lot of things you can't pay for with a credit card. Guess worst case is I pay my property taxes and pay the $60 convenience fee if I am up against not meeting the spend.
fyi, I spoke with Chase rep and confirmed that the $300 travel reimbursement is taken off your bill automatically when you purchase travel related items and will start right away (ie, doesn't only kick in after the minimum spend is met). I know I read that somewhere in this long thread, but just confirming it for others that might not have read the entire thread.
Actually for an MMM crowd there are a lot of spendypants going on if you can spend $4k on a credit card in three months.....I mean there are a lot of things you can't pay for with a credit card. Guess worst case is I pay my property taxes and pay the $60 convenience fee if I am up against not meeting the spend.
It's called manufactured spending.
I have already met my 4K spending (including $300 travel, which had already been credited) and I had it for no more than 2 weeks... Patiently waiting for my 100k points.
But if purchases of gift cards are excluded then how is this accomplished other than paying processing fees for things like property taxes.
But if purchases of gift cards are excluded then how is this accomplished other than paying processing fees for things like property taxes.
But if purchases of gift cards are excluded then how is this accomplished other than paying processing fees for things like property taxes.
Everyone is different. Some people have bigger families and higher budgets. Some people have work expenses they can put on a card and get reimbursed for. Some have charitable donations they put on a card. Some people live in HCOL areas and have naturally higher spend. Some people can pre-pay certain expenses for months in advance.
Plus I don't think there's any way they can actually exclude all gift cards. If I go to the grocery store and get a $200 gift card with my groceries, how would they know? If I walk into CVS and buy a $50 gift card along with my medication, how would they know?
Rental needed a bunch of things done...
Actually for an MMM crowd there are a lot of spendypants going on if you can spend $4k on a credit card in three months.....I mean there are a lot of things you can't pay for with a credit card. Guess worst case is I pay my property taxes and pay the $60 convenience fee if I am up against not meeting the spend.
It's called manufactured spending.
But if purchases of gift cards are excluded then how is this accomplished other than paying processing fees for things like property taxes.I have already met my 4K spending (including $300 travel, which had already been credited) and I had it for no more than 2 weeks... Patiently waiting for my 100k points.
$4k in two weeks....you must have timed it perfectly or have a lot of monthly spending. If you don't mind, how did you hit it in that time/what you purchase?
But if purchases of gift cards are excluded then how is this accomplished other than paying processing fees for things like property taxes.
Would you pay $70 to get about $1200 in benefit?
But if purchases of gift cards are excluded then how is this accomplished other than paying processing fees for things like property taxes.
Everyone is different. Some people have bigger families and higher budgets. Some people have work expenses they can put on a card and get reimbursed for. Some have charitable donations they put on a card. Some people live in HCOL areas and have naturally higher spend. Some people can pre-pay certain expenses for months in advance.
Plus I don't think there's any way they can actually exclude all gift cards. If I go to the grocery store and get a $200 gift card with my groceries, how would they know? If I walk into CVS and buy a $50 gift card along with my medication, how would they know?
But if purchases of gift cards are excluded then how is this accomplished other than paying processing fees for things like property taxes.
Everyone is different. Some people have bigger families and higher budgets. Some people have work expenses they can put on a card and get reimbursed for. Some have charitable donations they put on a card. Some people live in HCOL areas and have naturally higher spend. Some people can pre-pay certain expenses for months in advance.
Plus I don't think there's any way they can actually exclude all gift cards. If I go to the grocery store and get a $200 gift card with my groceries, how would they know? If I walk into CVS and buy a $50 gift card along with my medication, how would they know?
All the credit cards say they won't allow gift cards to count, but they show up on your bill as being a purchase from that store. As long as you don't go overboard and spend thousands at once at a since location, they shouldn't notice.
Actually for an MMM crowd there are a lot of spendypants going on if you can spend $4k on a credit card in three months.....I mean there are a lot of things you can't pay for with a credit card. Guess worst case is I pay my property taxes and pay the $60 convenience fee if I am up against not meeting the spend.
It's called manufactured spending.
I can confirm that you will earn 100,000 bonus points
after you spend $4,000.00 on purchases in the first 3
months from opening the account. The last date to meet the
spend is on December 29, 2016.
Folks don't waste the credit pull if you're over 5/24. You can sometimes get around 5/24 if you're "pre-approved" and apply in branch. Pre-approved is different from pre-qualified.
Someone asked if the priority pass is useful. It depends on your travel patterns but we love it. It helps if you have a nice PP lounge that works for you at your home airport (eg located in the same terminal as whatever airline you usually fly.) We use lounges on arrival back home as much as on departure.
Doctor of Credit, Miles to Memories and Frequent Miler are all good blogs to read up about the CSR if you're new to this.
People should be aware that American Express have recently been denying the sign up bonus for their Platinum card to people who purchased gift cards to meet minimum spend, and there is a fear Chase might try to do the same with the 100K offer for the CSR. Best to meet with normal spend if you can e.g., property taxes, pre-paying a few bills, health insurance if you're self-employed, making purchases for family member etc.
Can you spend the points without spending ANY money?You can't use points at a restaurant, but you can get cash for your points. 100,000 points would be worth $1000 - statement credit or you can probably get a check.
Like can I go to a restaurant and be like "Take my points and feed me?".
Do you have to pay taxes/fees on flights or things you buy with the points?
Also, is the authorized user fee annual or one time?annual fee..yes that sucks.
Oh wow this seems great. Definitely worth it for the signup bonus alone.
Is it worth keeping? We have Chase Sapphire Preferred as our only annual fee card (we also have Chase Freedom) and we wouldn't keep both. We spend lots on travel and dining so I am thinking that 3x vs 2x earning rates on points might be pretty substantial for us.
I assume the annual travel credit just means we can purchase anything that is classified as travel and will get a $300 statement credit? We will 100% hit that every year. SO basically it's just a $50 difference between the Sapphire Preferred and the Reserve, right?
Last dumb question, it's 1.25x (Sapphire Preferred) vs 1.5x (Reserve) for UR point redemptions. This is in the good direction, right? The points buy us more in terms of $s?
We sadly don't have any really big trips planned right now but we are always taking small ones. This so seems worth it.
Also, is the authorized user fee annual or one time?annual fee..yes that sucks.
Also, is the authorized user fee annual or one time?annual fee..yes that sucks.
Keep in mind if you product change the CSP into a freedom (free) you can transfer points between the accounts and get most of the benefits of the CSR without an AU.
Also, is the authorized user fee annual or one time?annual fee..yes that sucks.
Now I'm curious. Does anyone know what criteria Chase's algorithm uses to 'decide' on instant approval.
My salary is 112k
My FICO score is 790
My dept-to-income ratio is between 0.5% and 2%, depending on the date the report is run
My debt-to-credit-limit ratio is 2%
I thought I'd be a shoe in, but instead my application has to be reviewed each time. What gives?
Also, is the authorized user fee annual or one time?annual fee..yes that sucks.
Hmm. So probably I should just not put my husband on the card, correct? It doesn't seem worth it. Kind of a bummer because we won't be able to hang in the lounge together when we travel, but I assume I can still book flights for him and everything even if he's not an authorized user. We might get hit a little with those dining points when he goes out to eat without me or we forget that I should pay, but I don't think that will translate to a $75 value. Anything I'm missing here?
When I talked with Chase customer support (to verify activation) they did not think my cruise tickets via Vacations2Go would qualify for 3x points or for the $300 travel. They seem to look for purchases direct from the airlines or through their points award travel system.
Does anyone know if paying off a $4k purchase immediately will speed up the 100k points award?
At what point does 2 CSR (as opposed to 1 CSR and 1 AU) make sense?
I mean to keep 2 CSR long term.At what point does 2 CSR (as opposed to 1 CSR and 1 AU) make sense?
When you can spend $4k on each in the first 90 days....
Huh. Are y'all going on the same cruise with me? But I don't share cabins...When I talked with Chase customer support (to verify activation) they did not think my cruise tickets via Vacations2Go would qualify for 3x points or for the $300 travel. They seem to look for purchases direct from the airlines or through their points award travel system.
Does anyone know if paying off a $4k purchase immediately will speed up the 100k points award?
Dude are you going on the same cruise as me?
Are you also sharing a single cabin with your wife and in laws because there was no extra fee for adding 2 people? I'm hoping to pay the balance of my cruise with the card to get closer to the $4k spend but haven't gotten approval yet.
I'm pissed I used VTG because I later realized I could have booked on the cruise line direct with less aggrevation (the agent was very slow responding to emails and it turns out the rates were exactly the same... Travel agent is a dying business model for elderly folk who can't use a website and stupid dragoncars)
Is there a way I can handle this reservation directly now? I looked on the Royal carribean website and can access my reservation but can't really do anything with the deposit/ balance
Also, is the authorized user fee annual or one time?annual fee..yes that sucks.
Hmm. So probably I should just not put my husband on the card, correct? It doesn't seem worth it. Kind of a bummer because we won't be able to hang in the lounge together when we travel, but I assume I can still book flights for him and everything even if he's not an authorized user. We might get hit a little with those dining points when he goes out to eat without me or we forget that I should pay, but I don't think that will translate to a $75 value. Anything I'm missing here?
Per Chase on their twitter account (https://twitter.com/Drofcredit/status/768595328127807488), you can bring travel companions with you into the lounge.
I mean to keep 2 CSR long term.At what point does 2 CSR (as opposed to 1 CSR and 1 AU) make sense?
When you can spend $4k on each in the first 90 days....
Actually for an MMM crowd there are a lot of spendypants going on if you can spend $4k on a credit card in three months.....I mean there are a lot of things you can't pay for with a credit card. Guess worst case is I pay my property taxes and pay the $60 convenience fee if I am up against not meeting the spend.
It's called manufactured spending.
I prepaid my house and car insurance on mine. *shrug* It's not that hard to do for me.
..snip... Still figuring out a way to fill in the 4000. do you know if the $300 travel credit related transactions are counted towards the $4000 for 3 mos?No, the $300 in travel expenses you get credit for are not counted as part of the $4,000 spending requirement. I asked about this specifically when I applied for the card.
Thanks
H2R
Well, this is not confirmed as there are conflicting data points...snip... Still figuring out a way to fill in the 4000. do you know if the $300 travel credit related transactions are counted towards the $4000 for 3 mos?No, the $300 in travel expenses you get credit for are not counted as part of the $4,000 spending requirement. I asked about this specifically when I applied for the card.
Thanks
H2R
Well, this is not confirmed as there are conflicting data points...snip... Still figuring out a way to fill in the 4000. do you know if the $300 travel credit related transactions are counted towards the $4000 for 3 mos?No, the $300 in travel expenses you get credit for are not counted as part of the $4,000 spending requirement. I asked about this specifically when I applied for the card.
Thanks
H2R
Well, this is not confirmed as there are conflicting data points...snip... Still figuring out a way to fill in the 4000. do you know if the $300 travel credit related transactions are counted towards the $4000 for 3 mos?No, the $300 in travel expenses you get credit for are not counted as part of the $4,000 spending requirement. I asked about this specifically when I applied for the card.
Thanks
H2R
I also called to ask about this, and CS put me on hold to double check; she indicated that the travel credit counts toward spend, the Global Entry counts toward spend, but the $400 fee does not count.
If you are planning to include these in your spend, you should probably get this clarified in writing by sending a SM from your Chase website. By the way, I also emailed to confirm my spend by date; it was a month later than I had originally thought.
Don 't take a chance...spend $4500 even if some offset. I always build in a buffer in case I need to return something or have arithmetic error or whatever.
Wow, this one is definitely going to replace my Sapphire Preferred which I'll convert to one of the Freedom cards. I'm leaning toward Unlimited because I already have Discover it, but as long as the 5% categories never overlap maybe it's worth the risk to go regular Freedom. But I'm tempted by the 1.5% on everything (since, like a good mustachian I spend very little anyway, and 5% won't make me spend what I didn't plan to spend anyway).
During the last 12 months I spent about $50k in reimbursed travel expenses for work so this card is a no brainer. I won't even have to manufacture spend as I have six 5-night trips lined up back to back starting at the end of the month. I get so many miles, hotel points, and rental car points already that I don't even bother to hold on to the UR points, I just get the cashback bonus instead to shove in VTSAX :)
I just applied with instant approval. of course, I was 0/24 so no issues there lol :) They only gave me a $15k limit, so I'll redirect some of the $32k limit from my old card to the Reserve card for my work travel...not that I've ever had a balance that high haha.
Wow, this one is definitely going to replace my Sapphire Preferred which I'll convert to one of the Freedom cards. I'm leaning toward Unlimited because I already have Discover it, but as long as the 5% categories never overlap maybe it's worth the risk to go regular Freedom. But I'm tempted by the 1.5% on everything (since, like a good mustachian I spend very little anyway, and 5% won't make me spend what I didn't plan to spend anyway).
During the last 12 months I spent about $50k in reimbursed travel expenses for work so this card is a no brainer. I won't even have to manufacture spend as I have six 5-night trips lined up back to back starting at the end of the month. I get so many miles, hotel points, and rental car points already that I don't even bother to hold on to the UR points, I just get the cashback bonus instead to shove in VTSAX :)
I just applied with instant approval. of course, I was 0/24 so no issues there lol :) They only gave me a $15k limit, so I'll redirect some of the $32k limit from my old card to the Reserve card for my work travel...not that I've ever had a balance that high haha.
Thanks for the tip on asking for your "spend by" date. Mine was later than expected as well. Based on the date, I think it falls on the close of your third statement. This should be more than 90 days which is awesome.I need to do this. My first statement just came and I've had the card for under weeks.
Wow, this one is definitely going to replace my Sapphire Preferred which I'll convert to one of the Freedom cards. I'm leaning toward Unlimited because I already have Discover it, but as long as the 5% categories never overlap maybe it's worth the risk to go regular Freedom. But I'm tempted by the 1.5% on everything (since, like a good mustachian I spend very little anyway, and 5% won't make me spend what I didn't plan to spend anyway).
During the last 12 months I spent about $50k in reimbursed travel expenses for work so this card is a no brainer. I won't even have to manufacture spend as I have six 5-night trips lined up back to back starting at the end of the month. I get so many miles, hotel points, and rental car points already that I don't even bother to hold on to the UR points, I just get the cashback bonus instead to shove in VTSAX :)
I just applied with instant approval. of course, I was 0/24 so no issues there lol :) They only gave me a $15k limit, so I'll redirect some of the $32k limit from my old card to the Reserve card for my work travel...not that I've ever had a balance that high haha.
Can anyone confirm that I can use the Global Entry credit for someone else? I already have Global Entry so I was going to pay for my Mom to have it. I don't see how Chase would even know.
Anyone else just plan on cashing out on the $1K rather than applying $1.5K to travel? I don't stay at hotels anymore, and I never fly either. There isn't an option to redeem on Airbnb thru UR so for me the extra $500 is a bit pointless.
Anyone else just plan on cashing out on the $1K rather than applying $1.5K to travel? I don't stay at hotels anymore, and I never fly either. There isn't an option to redeem on Airbnb thru UR so for me the extra $500 is a bit pointless.
Anyone else just plan on cashing out on the $1K rather than applying $1.5K to travel? I don't stay at hotels anymore, and I never fly either. There isn't an option to redeem on Airbnb thru UR so for me the extra $500 is a bit pointless.
I may do this. Have plenty of Marriott points and not sure if I'm flying anywhere next year or not.
But Chase rejected me ): due to past issues with thier bank. Going to try again with DW's name though.
She is just under the 5/24 having gotten 2 cards of her own and been AU on 2 of mine. However her most recent was Chase with the Marriott 80K bonus. We just hit the minimum $3K spend for that. Can you apply right away for another card with same bank or do you need to wait?
Since I can't get it I'm thinking maybe AMEX SPG or Hilton for my next one. Just recently canceled AMEX Delta.
Anyone else just plan on cashing out on the $1K rather than applying $1.5K to travel? I don't stay at hotels anymore, and I never fly either. There isn't an option to redeem on Airbnb thru UR so for me the extra $500 is a bit pointless.
Anyone else just plan on cashing out on the $1K rather than applying $1.5K to travel? I don't stay at hotels anymore, and I never fly either. There isn't an option to redeem on Airbnb thru UR so for me the extra $500 is a bit pointless.
Go on a cruise? Rent a boat? Rent a car?
Can you apply right away for another card with same bank or do you need to wait?
Anyone else just plan on cashing out on the $1K rather than applying $1.5K to travel? I don't stay at hotels anymore, and I never fly either. There isn't an option to redeem on Airbnb thru UR so for me the extra $500 is a bit pointless.
I may do this. Have plenty of Marriott points and not sure if I'm flying anywhere next year or not.
But Chase rejected me ): due to past issues with thier bank. Going to try again with DW's name though.
She is just under the 5/24 having gotten 2 cards of her own and been AU on 2 of mine. However her most recent was Chase with the Marriott 80K bonus. We just hit the minimum $3K spend for that. Can you apply right away for another card with same bank or do you need to wait?
Since I can't get it I'm thinking maybe AMEX SPG or Hilton for my next one. Just recently canceled AMEX Delta.
Remove her as an AU on both cards. Tell Chase everything is cool, no need to reissue the card with a new number. That way, she can still keep using them and will be 2/24 instead of 4/24.
Can you apply right away for another card with same bank or do you need to wait?
I got a Chase Freedom a few months ago (I think May or June) and there was no problem getting the Chase Sapphire Reserve.
Anyone else just plan on cashing out on the $1K rather than applying $1.5K to travel? I don't stay at hotels anymore, and I never fly either. There isn't an option to redeem on Airbnb thru UR so for me the extra $500 is a bit pointless.
I may do this. Have plenty of Marriott points and not sure if I'm flying anywhere next year or not.
But Chase rejected me ): due to past issues with thier bank. Going to try again with DW's name though.
She is just under the 5/24 having gotten 2 cards of her own and been AU on 2 of mine. However her most recent was Chase with the Marriott 80K bonus. We just hit the minimum $3K spend for that. Can you apply right away for another card with same bank or do you need to wait?
Since I can't get it I'm thinking maybe AMEX SPG or Hilton for my next one. Just recently canceled AMEX Delta.
Remove her as an AU on both cards. Tell Chase everything is cool, no need to reissue the card with a new number. That way, she can still keep using them and will be 2/24 instead of 4/24.
I thought it was having 5 applications not having 5 cards?
The one card she was an AU on was my AMEX which I canceled. She also had the Delta Amex which she also canceled (After getting First class round trip free flight to Florida for a Wedding :)
Right now we only have 2 cards-
Old (2004) Bank of America Card where I'm the primary and shes an AU.
The new Chase Marriott where she is the Primary and I'm the AU.Can you apply right away for another card with same bank or do you need to wait?
I got a Chase Freedom a few months ago (I think May or June) and there was no problem getting the Chase Sapphire Reserve.
Thanks! Kind of what I figured, she's out of town for the weekend but may go ahead and have her try it Monday. Hopefully my application getting rejected didn't mess her up in any way.
Wait, so how does the authorized user thing work?
Say I have a 10-year old card and added my wife as an AU last year. Does this count against her 5/24 because she was added last year, or does it not count because the card is 10 years old?
Wait, so how does the authorized user thing work?
Say I have a 10-year old card and added my wife as an AU last year. Does this count against her 5/24 because she was added last year, or does it not count because the card is 10 years old?
As I understand it, that new AU would count against your wife's 5/24 since it would show up with last years date. You could drop her as an AU and then it would disappear. If you want a more definite answer you might try looking at FlyerTalk Forums.
Wait, so how does the authorized user thing work?
Say I have a 10-year old card and added my wife as an AU last year. Does this count against her 5/24 because she was added last year, or does it not count because the card is 10 years old?
As I understand it, that new AU would count against your wife's 5/24 since it would show up with last years date. You could drop her as an AU and then it would disappear. If you want a more definite answer you might try looking at FlyerTalk Forums.
@Dragoncar Check with your HR to see if JP Morgan private banking is a perk available to employees (I assume you are still with a firm). If yes you can apply for JP Morgan reserve card, which is slightly better than Chcase reserve and 5/24 is not applicable. You can check Reddit for more details.
@Dragoncar Check with your HR to see if JP Morgan private banking is a perk available to employees (I assume you are still with a firm). If yes you can apply for JP Morgan reserve card, which is slightly better than Chcase reserve and 5/24 is not applicable. You can check Reddit for more details.
Thanks, I'll check. I'm not at 5/24 but I have a lot of Chase cards so that may be the holdup. I might need to cancel one, which would be fine.
Data point:
I had 3 newly opened credit cards over the past 24 months. I figured I had 2 cards left of my "5/24" limit, so I did a mini-app spree, and applied for and was approved for both the CSR card and a Citi DoubleCash card. This was 2 weeks ago. The citicard posted to my Credit reports right away.
I was feeling adventurous this week, and I reading about the ability to transfer to points from CSP to CSR program, even though I knew I would probably be denied, I applied for the CSP card. It came back with the 7-10 pending message. I call the Chase reconsideration line, was extremely nice, and they approved, even after knowing I had already 5/24 against me. They saw the new citicard line in there, and they also definitely knew about the CSR because they referenced it when asking about my credit lines.
So the 5/24 rule isn't an absolute. For my case, I don't have a banking relationship with chase, but I do have an amazon card opened in 2003 and a chase freedom opened 4 years ago. I also have credit score > 800 so YMMV.
Data point:
I had 3 newly opened credit cards over the past 24 months. I figured I had 2 cards left of my "5/24" limit, so I did a mini-app spree, and applied for and was approved for both the CSR card and a Citi DoubleCash card. This was 2 weeks ago. The citicard posted to my Credit reports right away.
I was feeling adventurous this week, and I reading about the ability to transfer to points from CSP to CSR program, even though I knew I would probably be denied, I applied for the CSP card. It came back with the 7-10 pending message. I call the Chase reconsideration line, was extremely nice, and they approved, even after knowing I had already 5/24 against me. They saw the new citicard line in there, and they also definitely knew about the CSR because they referenced it when asking about my credit lines.
So the 5/24 rule isn't an absolute. For my case, I don't have a banking relationship with chase, but I do have an amazon card opened in 2003 and a chase freedom opened 4 years ago. I also have credit score > 800 so YMMV.
Supposedly 5/24 isn't absolute for any card EXCEPT the Reserve. Which # did you call for reconsideration?
Data point:
I had 3 newly opened credit cards over the past 24 months. I figured I had 2 cards left of my "5/24" limit, so I did a mini-app spree, and applied for and was approved for both the CSR card and a Citi DoubleCash card. This was 2 weeks ago. The citicard posted to my Credit reports right away.
I was feeling adventurous this week, and I reading about the ability to transfer to points from CSP to CSR program, even though I knew I would probably be denied, I applied for the CSP card. It came back with the 7-10 pending message. I call the Chase reconsideration line, was extremely nice, and they approved, even after knowing I had already 5/24 against me. They saw the new citicard line in there, and they also definitely knew about the CSR because they referenced it when asking about my credit lines.
So the 5/24 rule isn't an absolute. For my case, I don't have a banking relationship with chase, but I do have an amazon card opened in 2003 and a chase freedom opened 4 years ago. I also have credit score > 800 so YMMV.
Supposedly 5/24 isn't absolute for any card EXCEPT the Reserve. Which # did you call for reconsideration?
888 - 270 - 2127
Has anyone received their Priority Pass (Airport Lounge) card yet?
I requested mine about 2 weeks ago...?
Has anyone received their Priority Pass (Airport Lounge) card yet?
I requested mine about 2 weeks ago...?
Has anyone received their Priority Pass (Airport Lounge) card yet?
I requested mine about 2 weeks ago...?
Do you have to ask for one? It does not come automatically?Has anyone received their Priority Pass (Airport Lounge) card yet?
I requested mine about 2 weeks ago...?
Anyone else just plan on cashing out on the $1K rather than applying $1.5K to travel? I don't stay at hotels anymore, and I never fly either. There isn't an option to redeem on Airbnb thru UR so for me the extra $500 is a bit pointless.
Wife and I just got our new CSR cards last week - only the plastic version though, apparently demand has been so huge the metal cards are backed up at the moment.
For those worried about meeting the spend I just wanted to post a couple quick tips that I use to meet the minimums when churning without succumbing to 'unnecessary/wasteful' spending:
-Prepay some kind of monthly expense you were going to pay over the next year anyway (if you have the money to pay it up front, and there isn't a fee to use a CC). The money I use to cover the prepayment is just sitting in a savings account as part of an emergency fund earning practically zilch anyway, so missing out on the peanuts in interest isn't a heart-breaker. Just repay yourself monthly to rebuild the account. For example on my wife's new CSR card we just payed our daughters entire year of pre-school tuition up front. They had no problem charging me the full amount and the minimum spend is done on one card.
-For those who spend for work (travel, client entertainment/expense account, etc) and have a company card to do so, check if they will let you use a personal card instead and get reimbursed (companies my friends and I have worked for are all over the map on their policies). I usually use my corp card because it's far less of a pain in the A, but I switch to a personal when I need to manufacture spending. I have to jump through more hoops with documentation and such, but it's worth the effort for the 'free' spending. Would hit the minimum on my new CSR in a couple months just from that.
-For family members who don't care about maximizing points or don't use credit cards, if you know they have a large purchase coming ask if you can charge it and have them just give you cash/check. I've met the spend on several cards over the years just by doing this with close family members - booking plane tickets for them, buying big appliance type items, etc. With online shopping/travel booking these days it literally takes almost zero effort. There is actually a benefit for them as well that older/non-tech oriented family members who don't get CC benefits have no idea about - a lot of CC's offer pretty solid consumer and travel protections.
These methods can help for the couples wondering how to hit $8k in the 3-4 months left we have this year....the way the travel credit works it behooves couples to try and get both cards this year to double up, especially if you are only considering having the CSR for 1 year.
2. I had to book some work travel and I compared the rates through UR versus buying directly. UR was approximately 50% more expensive.
Second.
2. I had to book some work travel and I compared the rates through UR versus buying directly. UR was approximately 50% more expensive.
This has not been my experience at all -- anyone else seeing this?
Finally approved-- took three weeks. Didn't have to talk to anyone. Now I gotta spend $8k... Sadly this will be doable with the holidays coming up and worst case I'll pay the surcharge for my property taxesOkay, I guess I shouldn't expect a quick response on DW's application. It has already been a week...
Finally approved-- took three weeks. Didn't have to talk to anyone. Now I gotta spend $8k... Sadly this will be doable with the holidays coming up and worst case I'll pay the surcharge for my property taxesOkay, I guess I shouldn't expect a quick response on DW's application. It has already been a week...
Second.
2. I had to book some work travel and I compared the rates through UR versus buying directly. UR was approximately 50% more expensive.
This has not been my experience at all -- anyone else seeing this?
UR (compared to other fare aggregators) is often cheaper on flights, slightly more expensive on hotels and much more expensive on car rentals.
Anyone have any creative ideas for converting the $300 travel credit on anything other than "travel"? Anything that may code as "travel" but be something indirectly related?Those concerned about not having travel in 2016 are buying gift cards for future flights with their favorite airlines. The "loosest" def of travel that is coming up as 3x points is bus fare (loaded my local bus pass) and ferry crossings.
Anyone have any creative ideas for converting the $300 travel credit on anything other than "travel"? Anything that may code as "travel" but be something indirectly related?Those concerned about not having travel in 2016 are buying gift cards for future flights with their favorite airlines. The "loosest" def of travel that is coming up as 3x points is bus fare (loaded my local bus pass) and ferry crossings.
Some things that I consider travel but didn't count as such - a tour I took, entrance to a major tourist attraction.
Second.
2. I had to book some work travel and I compared the rates through UR versus buying directly. UR was approximately 50% more expensive.
This has not been my experience at all -- anyone else seeing this?
UR (compared to other fare aggregators) is often cheaper on flights, slightly more expensive on hotels and much more expensive on car rentals.
I've always found UR to match Google Flights.
Finally approved-- took three weeks. Didn't have to talk to anyone. Now I gotta spend $8k... Sadly this will be doable with the holidays coming up and worst case I'll pay the surcharge for my property taxesOkay, I guess I shouldn't expect a quick response on DW's application. It has already been a week...
Maybe the secondary review team is just overwhelmed by the response. It's always possible to call reconsideration, but IMO you lose a "bite at the apple" by doing that before they actually reject you (i.e. Only two total chances for approval rather than three)
BTW, I know this isn't strictly a reserve issue, but my wife's card did not show up in her online account while mine showed up immediately. Got the card today via UPS (so only three days from instant approval-- real metal card but not fancy box). So now I'm worried I entered her SSN wrong or something. I did slightly change her name on the application so maybe that's it. But for the life of me I can't find a place in chase online to "add a card" -- is it even possible without calling them? There are links to enroll a card but that only lets you create a new account, not link to an existing account. Viewing the card online will obviously be important in meeting spend, paying bills, and redeeming points.
BTWBTW, anyone else really dislike the new chase interface? They added all this unnecessary Web 2.0 crap that makes it super slow on my decade-old laptop and it's hard to find anything and even downloading statements is a pain since I like to download like 20 statements in a session (a few months worth times a few different cards) and you used to be able to just click each month in succession but now you have to do all these pull down menus for each individual statement. Ugh rant over
2. I had to book some work travel and I compared the rates through UR versus buying directly. UR was approximately 50% more expensive.
This has not been my experience at all -- anyone else seeing this?
Certainly looks like a great deal! I've read the terms and don't see any mention of being able to transfer the points to airline miles (eg Southwest Rapid Rewards) like you can with CSP.
Can anyone confirm whether you can transfer the points as miles with the Sappphire Reserve?
Certainly looks like a great deal! I've read the terms and don't see any mention of being able to transfer the points to airline miles (eg Southwest Rapid Rewards) like you can with CSP.
Can anyone confirm whether you can transfer the points as miles with the Sappphire Reserve?
Has anyone gotten travel credit towards the $300 by buying airline gift cards?
Thinking about a trip next year, figured I could buy "free" gift cards and use them next year when we book our trip.
Possible use of your PriorityPass...
http://www.straitstimes.com/singapore/courts-crime/man-who-missed-flight-and-spent-18-days-in-transit-using-forged-boarding
Anyone else just plan on cashing out on the $1K rather than applying $1.5K to travel? I don't stay at hotels anymore, and I never fly either. There isn't an option to redeem on Airbnb thru UR so for me the extra $500 is a bit pointless.
So I tried my hand at the churn game with this card.
Here are my takeaways.
1. You are spending $150 for $1k in savings (wait just hear me out) after everything nets out.
2. I had to book some work travel and I compared the rates through UR versus buying directly. UR was approximately 50% more expensive.
3. I met the spend in less than a month, and after weighing the deltas on travel. I took the cash reward and just cashed it this morning. It was a little over $1k in cash, which will go to my travel fund. They are suggesting it will take 3 business days direct deposit into my account. I wanted to cash so they could not take it back if I am flagged for churning. So all in all its really an $850 win + plus the extra bennies.
4. I found I definitely spent a little more money than I usually would, so going back to debit/cash system - for others this stuff may work, and admittedly, I probably came out ahead on this one, but there is definitely some work that has to be put in for the reward.
Got approved immediately. Waiting for the card.
Thanks Scandium.
Protip: if you travel, instead of paying tolls with cash, pay them online, and they get reimbursed as travel :-)
We had a few we paid online since we had no cash. And chase is considering it a travel expense.
Got approved immediately. Waiting for the card.
Thanks Scandium.
And I just got the card.Less than 48 hours after I applied (applied 21st evening)
Unlike others, looks like I got the metal card. Much heavier than the other plastic credit cards I have.
But no fancy box, just the UPS envelope with the Chase envelope in it.
Let the fun begin.
I completed the spend requirement with a family cruise. My first payment is Oct 3rd. They gave me 3x on the purchase. Last night my account status indicated I'd get the 100k points next billing cycle.
Check out the beefed up benefits. The damaged/stolen coverage, the price match, return guarantee, and just about every category with a time limit has a longer one than an average card. As Mustachians you should now about and use these benefits.
My pass is activated but I don't know when/how to get the actual card. I've always wanted to check out a lounge, my wife, who travels for work, says they are very nice.
I completed the spend requirement with a family cruise. My first payment is Oct 3rd. They gave me 3x on the purchase. Last night my account status indicated I'd get the 100k points next billing cycle.
Check out the beefed up benefits. The damaged/stolen coverage, the price match, return guarantee, and just about every category with a time limit has a longer one than an average card. As Mustachians you should now about and use these benefits.
My pass is activated but I don't know when/how to get the actual card. I've always wanted to check out a lounge, my wife, who travels for work, says they are very nice.
So when is the $450 charged? On your first closing date? Mine says next closing date not available!
Mine was charged on day 1.
My pass is activated but I don't know when/how to get the actual card. I've always wanted to check out a lounge, my wife, who travels for work, says they are very nice.
You should be getting the pass in the mail, nominally 2-3 weeks, but Chase had something like 20x as much demand as anticipated for CSR, so who knows.
I believe the annual fee posts on the 1st day of the calendar month following account activation. So those who got cards this month should see it Oct 1. Or maybe Oct 3 since the 1st is a Saturday.
So when is the $450 charged? On your first closing date? Mine says next closing date not available!
Mine was charged on day 1.
Wife and I just got our new CSR cards last week - only the plastic version though, apparently demand has been so huge the metal cards are backed up at the moment.
For those worried about meeting the spend I just wanted to post a couple quick tips that I use to meet the minimums when churning without succumbing to 'unnecessary/wasteful' spending:
-Prepay some kind of monthly expense you were going to pay over the next year anyway (if you have the money to pay it up front, and there isn't a fee to use a CC). The money I use to cover the prepayment is just sitting in a savings account as part of an emergency fund earning practically zilch anyway, so missing out on the peanuts in interest isn't a heart-breaker. Just repay yourself monthly to rebuild the account. For example on my wife's new CSR card we just payed our daughters entire year of pre-school tuition up front. They had no problem charging me the full amount and the minimum spend is done on one card.
-For those who spend for work (travel, client entertainment/expense account, etc) and have a company card to do so, check if they will let you use a personal card instead and get reimbursed (companies my friends and I have worked for are all over the map on their policies). I usually use my corp card because it's far less of a pain in the A, but I switch to a personal when I need to manufacture spending. I have to jump through more hoops with documentation and such, but it's worth the effort for the 'free' spending. Would hit the minimum on my new CSR in a couple months just from that.
-For family members who don't care about maximizing points or don't use credit cards, if you know they have a large purchase coming ask if you can charge it and have them just give you cash/check. I've met the spend on several cards over the years just by doing this with close family members - booking plane tickets for them, buying big appliance type items, etc. With online shopping/travel booking these days it literally takes almost zero effort. There is actually a benefit for them as well that older/non-tech oriented family members who don't get CC benefits have no idea about - a lot of CC's offer pretty solid consumer and travel protections.
These methods can help for the couples wondering how to hit $8k in the 3-4 months left we have this year....the way the travel credit works it behooves couples to try and get both cards this year to double up, especially if you are only considering having the CSR for 1 year.
Or if all of that fails, just send someone you trust money via Square Cash for a 3% fee with a cc and have them pay you back. Yeah you're paying 3%, but that's nothing compared to the rewards you can get. For some people this is the only way to meet the spend.For others this is just worth it to do so they don't have to keep track of the spending over a couple months.
Wife and I just got our new CSR cards last week - only the plastic version though, apparently demand has been so huge the metal cards are backed up at the moment.
For those worried about meeting the spend I just wanted to post a couple quick tips that I use to meet the minimums when churning without succumbing to 'unnecessary/wasteful' spending:
-Prepay some kind of monthly expense you were going to pay over the next year anyway (if you have the money to pay it up front, and there isn't a fee to use a CC). The money I use to cover the prepayment is just sitting in a savings account as part of an emergency fund earning practically zilch anyway, so missing out on the peanuts in interest isn't a heart-breaker. Just repay yourself monthly to rebuild the account. For example on my wife's new CSR card we just payed our daughters entire year of pre-school tuition up front. They had no problem charging me the full amount and the minimum spend is done on one card.
-For those who spend for work (travel, client entertainment/expense account, etc) and have a company card to do so, check if they will let you use a personal card instead and get reimbursed (companies my friends and I have worked for are all over the map on their policies). I usually use my corp card because it's far less of a pain in the A, but I switch to a personal when I need to manufacture spending. I have to jump through more hoops with documentation and such, but it's worth the effort for the 'free' spending. Would hit the minimum on my new CSR in a couple months just from that.
-For family members who don't care about maximizing points or don't use credit cards, if you know they have a large purchase coming ask if you can charge it and have them just give you cash/check. I've met the spend on several cards over the years just by doing this with close family members - booking plane tickets for them, buying big appliance type items, etc. With online shopping/travel booking these days it literally takes almost zero effort. There is actually a benefit for them as well that older/non-tech oriented family members who don't get CC benefits have no idea about - a lot of CC's offer pretty solid consumer and travel protections.
These methods can help for the couples wondering how to hit $8k in the 3-4 months left we have this year....the way the travel credit works it behooves couples to try and get both cards this year to double up, especially if you are only considering having the CSR for 1 year.
Or if all of that fails, just send someone you trust money via Square Cash for a 3% fee with a cc and have them pay you back. Yeah you're paying 3%, but that's nothing compared to the rewards you can get. For some people this is the only way to meet the spend.For others this is just worth it to do so they don't have to keep track of the spending over a couple months.
Some other ways to spend that are a bit less costly
1) Buy gift cards to your local grocery store - free
2) Buy gift cards to Home Depot or Lowes whichever you frequent. Check some online sites and you may find them at 5-10% off
2a) You can buy gift cards for most large business you frequent often. Eventually you will use them up.
3) Pay mortgage or other bills online that don't accept credit card for 2.5% fee via plastiq.com
4) Pre-pay federal taxes via pay1040.com for a 1.87% fee. Even if you don't owe federal taxes you can always overpay and get refund when you do your taxes the following year.
Personally I think if time is running short on your three months, buying gift cards to your favorite grocery store is the easiest and cheapest way to reach your minimum spending requirement. Even the most frugal mustachian must eat and will spend that cash down eventually.
4) Pre-pay federal taxes via pay1040.com for a 1.87% fee. Even if you don't owe federal taxes you can always overpay and get refund when you do your taxes the following year.
4) Pre-pay federal taxes via pay1040.com for a 1.87% fee. Even if you don't owe federal taxes you can always overpay and get refund when you do your taxes the following year.
Keep in mind this is an effective fee of only 0.87% -- you get 1% cash back with this card at a minimum.
I will keep this in mind for our amex card that we're working, after the CSR and CSP I'm finding it a bit harder to easily hit $3k/3 months :P
How do you apply if you have no business?
The travel credit posted the same day that the airfare posted. That's great.
So far, this is a great card.
Thank you for posting this. I just applied online and received instant approval. Since our health care insurance alone is $800/month, charging $4K in 3 months should be pretty easy.
The $450 annual fee is hard to swallow, but the travel credits will come in handy for two upcoming trips. What really drove the decisions, however, was the 125,000 Chase Freedom & Ink points that I've saved up. The way I'm understanding it, if I transfer those points over to the Chase Sapphire Reserve account, they'll be worth 1.5x the amount when I redeem them for travel. Yah!!!
Thank you for posting this. I just applied online and received instant approval. Since our health care insurance alone is $800/month, charging $4K in 3 months should be pretty easy.
The $450 annual fee is hard to swallow, but the travel credits will come in handy for two upcoming trips. What really drove the decisions, however, was the 125,000 Chase Freedom & Ink points that I've saved up. The way I'm understanding it, if I transfer those points over to the Chase Sapphire Reserve account, they'll be worth 1.5x the amount when I redeem them for travel. Yah!!!
Currently staying at the Ritz Carlton in Maui thanks to our CSR points.
Flew through security with TSA pre-check, and waited in the VIP lounge compliments of CSR.
Flight was booked compliments of Virgin America points from the VA credit card sign up bonus :)
I wanted the Andaz, but it was $550/night... whereas we found the Ritz for $350/night
So we cashed in 23,300 points ($233) x 1.5 for the needed $350.
(Note - they still charge $22 parking + $35 resort fee ... err)
Garden View
(https://i.imgur.com/SPVFxw0.jpg)
Pool / Ocean
(https://i.imgur.com/jLELa0h.jpg)
if you redeem through the Chase portal they are 1.5x
Looks amazing! How many nights are you staying there? I'm trying to get an idea of what I can use my bonus points for once I get them.
Also, what do you mean by x1.5? Do the points go further if you use them towards certain purchases?
if you redeem through the Chase portal they are 1.5x
Looks amazing! How many nights are you staying there? I'm trying to get an idea of what I can use my bonus points for once I get them.
Also, what do you mean by x1.5? Do the points go further if you use them towards certain purchases?
so instead of 100k points being worth $1000, they are really worth $1500
Some tickets are more through the portal than direct booking, though, FYI. So you might find 20% more cost vs 1.5x redemption benefit.Up thread, some people said that Chase will match rates found on other sites. It may require a phone call.
Still good, but not quite a full 1.5x benefit.
couple quick questions and this is prob common sense to most.
I just received my reserve card. Do you get the $300 travel credit immediately? And if so, If I book a flight for February 2017 do I get the 2016 credit? Or does it get reimbursed for 2017?
couple quick questions and this is prob common sense to most.
I just received my reserve card. Do you get the $300 travel credit immediately? And if so, If I book a flight for February 2017 do I get the 2016 credit? Or does it get reimbursed for 2017?
My wife applied for the CSR and got an extra card in my name.so long as you are within 5/24 limit, for which your authorized user account will be taken into account as part of the limit.
I had hoped to do two separate accounts for each of us and then banking 200,000 points. But, can I still apply for my own account now?
My wife applied for the CSR and got an extra card in my name.
I had hoped to do two separate accounts for each of us and then banking 200,000 points. But, can I still apply for my own account now?
My wife applied for the CSR and got an extra card in my name.
I had hoped to do two separate accounts for each of us and then banking 200,000 points. But, can I still apply for my own account now?
I heard the extra card costs ($70?) for the CSR. Just a heads up as it was surprising to me since it's usually free on most cards.
My wife applied for the CSR and got an extra card in my name.
I had hoped to do two separate accounts for each of us and then banking 200,000 points. But, can I still apply for my own account now?
I heard the extra card costs ($70?) for the CSR. Just a heads up as it was surprising to me since it's usually free on most cards.
I think its $75. How is it possible that they can send a AU card instead of one in her own name. I was planning on doing the same. Anybody else have experience with spouse applying for a separate card?
But you will almost assuredly get charged for the authorized user on both.
Does Chase's 5/24 rule also factor in non-Chase products? I've found conflicting information online -- if it's just Chase, I should be good as of Nov 1st...
Does Chase's 5/24 rule also factor in non-Chase products? I've found conflicting information online -- if it's just Chase, I should be good as of Nov 1st...
According to /r/churning it includes all cards, not just Chase cards. I'd take that as pretty definitive.
My wife applied for the CSR and got an extra card in my name.
I had hoped to do two separate accounts for each of us and then banking 200,000 points. But, can I still apply for my own account now?
I heard the extra card costs ($70?) for the CSR. Just a heads up as it was surprising to me since it's usually free on most cards.
I think its $75. How is it possible that they can send a AU card instead of one in her own name. I was planning on doing the same. Anybody else have experience with spouse applying for a separate card?
Both my wife and I got separate cards. I don't think they really know or care if two applicants are married besides having the same address or last name
My wife applied for the CSR and got an extra card in my name.
I had hoped to do two separate accounts for each of us and then banking 200,000 points. But, can I still apply for my own account now?
I heard the extra card costs ($70?) for the CSR. Just a heads up as it was surprising to me since it's usually free on most cards.
I think its $75. How is it possible that they can send a AU card instead of one in her own name. I was planning on doing the same. Anybody else have experience with spouse applying for a separate card?
Both my wife and I got separate cards. I don't think they really know or care if two applicants are married besides having the same address or last name
They don't care, I asked today because we had added myself as an authorized user on my wife's card last month. They said I would still earn the sign up bonus when the 4k spend is met. Will only keep this second card for the year or until the bonus is used up.
Thanks to all for the info in this post. I applied and received the card.
I had heard there is a $100 airfare discount available for Visa Infinite cards (namely the Ritz Carlton Visa)? Does anyone know if that same benefit is available on the CSR?
Is minor permitted to apply for TSA/Global Entry?
Is minor permitted to apply for TSA/Global Entry?
Global Entry: If you are under the age of 18, you must have your parent or legal guardian's consent to participate in the program.
TSA Prep: There is no age restriction to apply for TSA Pre✓®. However, family members ages 12 and under traveling with an eligible parent or guardian with a TSA Pre✓® indicator on their boarding pass can participate in expedited screening.
Is minor permitted to apply for TSA/Global Entry?
Global Entry: If you are under the age of 18, you must have your parent or legal guardian's consent to participate in the program.
TSA Prep: There is no age restriction to apply for TSA Pre✓®. However, family members ages 12 and under traveling with an eligible parent or guardian with a TSA Pre✓® indicator on their boarding pass can participate in expedited screening.
I like this So, what's the difference between the two?
Sorry, too lazy to look up.
I am thinking about this one. Seems like a lot of great benefits. I need to make sure I can meet the spend (finishing up another one at the moment).You spoke of the minimum spend. You dont know of the manufactured spending tricks ?
Thanks to all for the info in this post. I applied and received the card.
I had heard there is a $100 airfare discount available for Visa Infinite cards (namely the Ritz Carlton Visa)? Does anyone know if that same benefit is available on the CSR?
If one is an AU now but is removed prior to applying for a CSR (or any Chase card), does Chase still count that AU as part of 5/24? ie you're an AU for a few months to meet the spend and then no longer an AU for a couple of months before applying.
I have seen conflicting info on this. TIA!
If one is an AU now but is removed prior to applying for a CSR (or any Chase card), does Chase still count that AU as part of 5/24? ie you're an AU for a few months to meet the spend and then no longer an AU for a couple of months before applying.
I have seen conflicting info on this. TIA!
Get taken off as an AU, wait for the info to percolate, and the AU card no longer counts against you for 5/24
For those that paid for Global Entry, how long does it take from when you pay for it online to you getting approved. If I paid for it now, would it be ready for me to use for a trip to Asia the last week of November?
It looks like the closest office for me to get interviewed and processed is 2 hours away, so it may be awhile before I can get it anyways.
With Global Entry you get TSA precheck included. If possible get Global Entry - its only $15 more even if you have to pay for it.Is minor permitted to apply for TSA/Global Entry?
Global Entry: If you are under the age of 18, you must have your parent or legal guardian's consent to participate in the program.
TSA Prep: There is no age restriction to apply for TSA Pre✓®. However, family members ages 12 and under traveling with an eligible parent or guardian with a TSA Pre✓® indicator on their boarding pass can participate in expedited screening.
I like this So, what's the difference between the two?
Sorry, too lazy to look up.
global entry to get through airport customs, tsa precheck to get through tsa on domestic flights
With Global Entry you get TSA precheck included. If possible get Global Entry - its only $15 more even if you have to pay for it.Is minor permitted to apply for TSA/Global Entry?
Global Entry: If you are under the age of 18, you must have your parent or legal guardian's consent to participate in the program.
TSA Prep: There is no age restriction to apply for TSA Pre✓®. However, family members ages 12 and under traveling with an eligible parent or guardian with a TSA Pre✓® indicator on their boarding pass can participate in expedited screening.
I like this So, what's the difference between the two?
Sorry, too lazy to look up.
global entry to get through airport customs, tsa precheck to get through tsa on domestic flights
You're eligible for TSA precheck with Global Entry.
If one is an AU now but is removed prior to applying for a CSR (or any Chase card), does Chase still count that AU as part of 5/24? ie you're an AU for a few months to meet the spend and then no longer an AU for a couple of months before applying.
I have seen conflicting info on this. TIA!
Get taken off as an AU, wait for the info to percolate, and the AU card no longer counts against you for 5/24
Thank you! I thought that is how it should work.
For those that paid for Global Entry, how long does it take from when you pay for it online to you getting approved. If I paid for it now, would it be ready for me to use for a trip to Asia the last week of November?
It looks like the closest office for me to get interviewed and processed is 2 hours away, so it may be awhile before I can get it anyways.
I think this is location dependent, plus a bit of luck. IIRC it took me about 3 weeks to get an appointment and another 2 to get approved. My friends (same city, applying a month or so later) got an appointment right away (week or so) however, they had been to Cuba in the past 5 years. After the initial appointment they had to locate their State Department permission documentation and post it on the website. Then it took awhile (not sure how long I wasn't applying that much attention) before it got reviewed.
I've heard stories of shorter and longer times to get appointments in different cities. I would definitely go for it if I were you. Avoiding long lines after a 15-20 hour flight is priceless.
Hi, apologize if these questions have been answered. Here are my 2 questions:
1. Are the 100,000 points on one CSR card, or this is from primary user + authorized user, therefore 2 users (50K each)?
2. I am Costco member and spend about $5000 a year. Can I, on receiving the card, go on Costco online to purchase $4000 worth of Costco cash cards, to satisfy the spending requirement and receive the bonus points?
Thanks
Don't shoot me for not reading the entire thread but I have a quick question about this card.They can transfer to your United Frequent Flyer account (or you can transfer them to other partners, your choice). The United card miles automatically transfer to your United Frequent Flyer account (you have no choice there, they just transfer every month).
I have a United Mileage Plus Explorer card.
Would the 100,000 points transfer to my United card as 100,000 miles...?
Okay so I have another question. I read this online:
"Making Money Off the Annual Fee
Remember, this is $300 per calendar year. So if you apply for the card now, you have until December 31, 2016 to charge $300 worth of travel purchases to be credited. Then, you can charge another $300 in travel related purchases in 2017. That means you can get up to $600 in statement credits in just the first year of having the card. While the card comes with a $450 annual fee, you can get $600 worth of statement credits within that year. That means you are ahead $150 in addition. That is on top of the 100,000 point sign up bonus."
^^Is the above logic correct? Why did they not include the additional $450 annual fee that would be charged in 2017?
I'm sure I'm having a slow moment and missing something here.
Don't shoot me for not reading the entire thread but I have a quick question about this card.They can transfer to your United Frequent Flyer account (or you can transfer them to other partners, your choice). The United card miles automatically transfer to your United Frequent Flyer account (you have no choice there, they just transfer every month).
I have a United Mileage Plus Explorer card.
Would the 100,000 points transfer to my United card as 100,000 miles...?Okay so I have another question. I read this online:
"Making Money Off the Annual Fee
Remember, this is $300 per calendar year. So if you apply for the card now, you have until December 31, 2016 to charge $300 worth of travel purchases to be credited. Then, you can charge another $300 in travel related purchases in 2017. That means you can get up to $600 in statement credits in just the first year of having the card. While the card comes with a $450 annual fee, you can get $600 worth of statement credits within that year. That means you are ahead $150 in addition. That is on top of the 100,000 point sign up bonus."
^^Is the above logic correct? Why did they not include the additional $450 annual fee that would be charged in 2017?
I'm sure I'm having a slow moment and missing something here.
Because you don't have to keep the card another year and pay the second year's $450 annual fee. If you cancel after getting both travel credits, you still keep both credits.
When does the second year's $450 annual fee hit? I assumed it was at the beginning of the year; maybe that's where I'm getting confused.
The second year's fee is a year after you paid the first year's fee, so it depends on when you open the card.
When does the second year's $450 annual fee hit? I assumed it was at the beginning of the year; maybe that's where I'm getting confused.
Other cards I have charge a fee on the anniversary of your sign-up date. No one would want to sign up in October, get charged $450, and then get charged another $450 three months later.
I just tried to apply through the Chase website and it says the offer is unavailable. Anyway else see this?
I just tried to apply through the Chase website and it says the offer is unavailable. Anyway else see this?
Crap, yes. I was sitting with the tab open all day debating applying or waiting a while. Guess I'm not getting it now.. Hopefully it comes back up!
I can't log in to Chase at all, so perhaps it's not just the offer that's down.
I can't log in to Chase at all, so perhaps it's not just the offer that's down.
Let's hope. I also had trouble logging on after i checked the credit card offer, but I had been logged into chase just minutes before that just fine.
Are theme part tickets qualify for $300 travel credit? Universal Studio in Los Angeles charges $95 for one day pass nowadays.Think you can look up merchant classification from Visa. Don't have the website handy.
Are theme part tickets qualify for $300 travel credit? Universal Studio in Los Angeles charges $95 for one day pass nowadays.
Are theme part tickets qualify for $300 travel credit? Universal Studio in Los Angeles charges $95 for one day pass nowadays.
Probably not. I bought tickets to national park & a famous tourist attraction in Canada & a tour and none of these counted towards travel.
I can't log in to Chase at all, so perhaps it's not just the offer that's down.
Let's hope. I also had trouble logging on after i checked the credit card offer, but I had been logged into chase just minutes before that just fine.
I'm sure it's just the system is down. Otherwise they would also remove the launch page.
Are theme part tickets qualify for $300 travel credit? Universal Studio in Los Angeles charges $95 for one day pass nowadays.
Probably not. I bought tickets to national park & a famous tourist attraction in Canada & a tour and none of these counted towards travel.
Hmm. 'Tour' does not qualify. Is this the 2 hour guided tour and not qualified?
How about the 3 day road/bus trip (can also be called 'tour') purchased from a travel agency? This is what I took a couple of months ago, and old credit card statement shows:
"Customized Tour Specia" (it got cut off there)
If this qualifies, I can go with my wife and take a 3 day road trip again from that travel agency.
I can't log in to Chase at all, so perhaps it's not just the offer that's down.
Let's hope. I also had trouble logging on after i checked the credit card offer, but I had been logged into chase just minutes before that just fine.
I'm sure it's just the system is down. Otherwise they would also remove the launch page.
It's back up today. I'm filling it out now.
BTW; dragoncar your avatar weirded me out.
For the Global Entry perk of this card, how long does the whole process typically take? I applied a couple days ago and the application still says pending review. Being that this is the federal government, I don't know if I should expect to wait days, weeks, or months. I expect there is probably a delay in waiting for the interview as well.
For the Global Entry perk of this card, how long does the whole process typically take? I applied a couple days ago and the application still says pending review. Being that this is the federal government, I don't know if I should expect to wait days, weeks, or months. I expect there is probably a delay in waiting for the interview as well.
I just applied for Global Entry. Does anyone know if the Denver center is backed up on appointments? It is the only location within reasonable distance.
Apologies in advance if this is answered earlier in the thread:
We are already nearly at our minimum spend, and I'm thinking about opening a card for my husband as well. He is not an AU on my card and I'd rather not pay to be on his. All our other credit cards are joint, and Chase, so they are all linkable in the Chase rewards portal.
If this card is just in his name, will it be linkable to our other cards? Basically, I'd like to open the card, charge the travel, hit the spend, transfer the points over, and then close the card so we don't have TWO cards with a $450 annual fee. Will I be able to transfer the points over?
I just applied for Global Entry. Does anyone know if the Denver center is backed up on appointments? It is the only location within reasonable distance.
Denver is FUBAR:
"Currently there are no available appointments at this enrollment center. Please check later for openings or choose another enrollment center."
Just got my card in the mail.
Anyone able to get the annual fee waived or reduced?
Apologies in advance if this is answered earlier in the thread:
We are already nearly at our minimum spend, and I'm thinking about opening a card for my husband as well. He is not an AU on my card and I'd rather not pay to be on his. All our other credit cards are joint, and Chase, so they are all linkable in the Chase rewards portal.
If this card is just in his name, will it be linkable to our other cards? Basically, I'd like to open the card, charge the travel, hit the spend, transfer the points over, and then close the card so we don't have TWO cards with a $450 annual fee. Will I be able to transfer the points over?
Yes!
http://thepointsguy.com/2016/09/transfer-ultimate-rewards-points-between-accounts/
Just got my card in the mail.
Anyone able to get the annual fee waived or reduced?
No, it ain't gonna happen.
I'm considering jumping on this offer as I will be able to pay labor and delivery hospital bills with this car. I'm nervous about jumping on the credit churning ride though. We will be traveling next year year but I already have 4 cards (zero balance).
Chase doesn't like it if you have opened 5 cards within the last 24 months. If your cards are older than that, you can churn quite a bit before Chase gets annoyed.
Note that a bunch of their partner/hotel/co-branded cards can still be churned after you hit 5/24.
I'm considering jumping on this offer as I will be able to pay labor and delivery hospital bills with this car. I'm nervous about jumping on the credit churning ride though. We will be traveling next year year but I already have 4 cards (zero balance).
Chase doesn't like it if you have opened 5 cards within the last 24 months. If your cards are older than that, you can churn quite a bit before Chase gets annoyed.
Note that a bunch of their partner/hotel/co-branded cards can still be churned after you hit 5/24.
So that is what the 5/24 rule is! I'm good then. My youngest credit card just hit 1 year old, everything else is between 4 and 20 years old.
I decided to get the CSR card. I was approved instantly for $29k (this is how people get into massive debt) with a 20% interest. I thought the high interest was interesting but I guess it only matters if the card isn't paid off every month.
I lost out of using it when I purchased airline tickets, but I'm using it for a rental car and hotel. The $300 travel credit will take care of the rental car.
I've also switched anything with auto bill pay over to this card. I should have no problem getting to the $4k, but I will have to buy some gift cards for things we are planning to do later (home depot, airline gift card, etc).
I didn't put my husband on as an Authorized User because we weren't sure how it would affect his credit score/report.
I don't know if I will become a credit card churner, but this one makes a lot of sense since we are planning some trips next year.
I'm considering jumping on this offer as I will be able to pay labor and delivery hospital bills with this car. I'm nervous about jumping on the credit churning ride though. We will be traveling next year year but I already have 4 cards (zero balance).
Chase doesn't like it if you have opened 5 cards within the last 24 months. If your cards are older than that, you can churn quite a bit before Chase gets annoyed.
Note that a bunch of their partner/hotel/co-branded cards can still be churned after you hit 5/24.
So that is what the 5/24 rule is! I'm good then. My youngest credit card just hit 1 year old, everything else is between 4 and 20 years old.
I decided to get the CSR card. I was approved instantly for $29k (this is how people get into massive debt) with a 20% interest. I thought the high interest was interesting but I guess it only matters if the card isn't paid off every month.
I lost out of using it when I purchased airline tickets, but I'm using it for a rental car and hotel. The $300 travel credit will take care of the rental car.
I've also switched anything with auto bill pay over to this card. I should have no problem getting to the $4k, but I will have to buy some gift cards for things we are planning to do later (home depot, airline gift card, etc).
I didn't put my husband on as an Authorized User because we weren't sure how it would affect his credit score/report.
I don't know if I will become a credit card churner, but this one makes a lot of sense since we are planning some trips next year.
Unless you husband has bad credit, adding him to the CSR (or any new card) will likely do minor harm to his credit for the first year. More importantly, it uses up one of the 5/24 slots for Chase.
For the Global Entry perk of this card, how long does the whole process typically take? I applied a couple days ago and the application still says pending review. Being that this is the federal government, I don't know if I should expect to wait days, weeks, or months. I expect there is probably a delay in waiting for the interview as well.
I got my 100k points today with my second bill! I bought a family cruise last month that covered the $4k spend requirement.Did you get the points the cycle you hit the minimum spend, or the cycle after? I hit the minimum and the statement dropped, but no bonus points yet, so I'm assuming I'll have to wait for the next statement. Or something went wrong.
@ 1.5x some transferred miles plus the 100k will cover four round trips to FL non-stop traveling during peak holiday season. Not bad!
Did you get the points the cycle you hit the minimum spend, or the cycle after? I hit the minimum and the statement dropped, but no bonus points yet, so I'm assuming I'll have to wait for the next statement. Or something went wrong.
Apologies in advance if this is answered earlier in the thread:
We are already nearly at our minimum spend, and I'm thinking about opening a card for my husband as well. He is not an AU on my card and I'd rather not pay to be on his. All our other credit cards are joint, and Chase, so they are all linkable in the Chase rewards portal.
If this card is just in his name, will it be linkable to our other cards? Basically, I'd like to open the card, charge the travel, hit the spend, transfer the points over, and then close the card so we don't have TWO cards with a $450 annual fee. Will I be able to transfer the points over?
Yes!
http://thepointsguy.com/2016/09/transfer-ultimate-rewards-points-between-accounts/
This is wrong, or at best, very misleading.
You will be charged the $450 AF for both cards that you apply for. However you can keep 1 for just 1 year long term.
Thanks - I'll expect mine in a month then. I seem to remember something similar with United points not posting until the next statement.QuoteDid you get the points the cycle you hit the minimum spend, or the cycle after? I hit the minimum and the statement dropped, but no bonus points yet, so I'm assuming I'll have to wait for the next statement. Or something went wrong.
I had my full 4k on my first statement in September (I think around the 1st). It was fully paid on October 1 and I didn't see the points yet, which ticked me off a bit since I expected to see the point as soon as payment was made. The points showed up a few days later on my account when the October statement was created.
Applied and got approved on Sunday, and my nice new metal card came in the mail today. Luckily I have a few big household projects that can go on it.My $300 credit posted the same day the travel charge posted, so as long as your travel charge posts by the end of December, you should be fine.
Anyone have any idea what they mean about the $300 annual travel credit being "through" the December statement? Like if my statement closes on the 10th, does this year's travel credit expire Dec 10 or Jan 10?
Applied and got approved on Sunday, and my nice new metal card came in the mail today. Luckily I have a few big household projects that can go on it.My $300 credit posted the same day the travel charge posted, so as long as your travel charge posts by the end of December, you should be fine.
Anyone have any idea what they mean about the $300 annual travel credit being "through" the December statement? Like if my statement closes on the 10th, does this year's travel credit expire Dec 10 or Jan 10?
So I know this is only tangentially related, but I figured I'd vent a bit here so everyone remembers who they are dealing with. She was so mad because Chase was her first and only bank in the US, and she felt betrayed that they wouldn't even apologize or admit that simple diligence on their part could have avoided the mess. I had to remind her that Chase, like every other commercial bank, is a business that is only out for themselves, and not to take it personally. After all, we are planning on canceling these cards after we take their sweet bonus points, right? But it certainly makes it much easier to do this without guilt (or some day walk away from our mortgage if circumstances dictate) when we have reminders like this.
Just want to update that I got reimbursed for
- NJ Transit tickets. This is the commuter railroad in NJ
- PATH tickets. This is a NY/NJ train.
I have also added this card to EZ-Pass and since it is tolls, should be reimbursed.
Quite easy to spend the $300 in travel for me :-)
I apologize as I'm sure it's been covered (the thread is getting way too long now to find it)...but, can someone confirm if a Delta gift card can be reimbursed through the $300 yearly travel credit on the CSR? Many thanks.
Perhaps ironic being the OP, but I didn't apply until now. Got my wife approved instantly (I'm at 7/24. Ops.) It seemed like they asked for household income so I put in that, and they gave her $34k credit, wow!I didn't interpret it as household income, but I also don't need any more credit from them!
The list of travel benefits really is awesome. Rental car insurance, travel injury and evacuation, cancellation, baggage (delay and lost!) insurance. Plus product refund and warranty. Once I'm eligible in a year I think I'll sign up for this card myself and actually keep it. Did some math on the just travel credit and extra earning/redemption power with our spending and at worst it's a wash. Those perks would make it very nice to have. Plus lounge access to give you that 1%er feeling;)
Perhaps ironic being the OP, but I didn't apply until now. Got my wife approved instantly (I'm at 7/24. Ops.) It seemed like they asked for household income so I put in that, and they gave her $34k credit, wow!I didn't interpret it as household income, but I also don't need any more credit from them!
The list of travel benefits really is awesome. Rental car insurance, travel injury and evacuation, cancellation, baggage (delay and lost!) insurance. Plus product refund and warranty. Once I'm eligible in a year I think I'll sign up for this card myself and actually keep it. Did some math on the just travel credit and extra earning/redemption power with our spending and at worst it's a wash. Those perks would make it very nice to have. Plus lounge access to give you that 1%er feeling;)
Perhaps ironic being the OP, but I didn't apply until now. Got my wife approved instantly (I'm at 7/24. Ops.) It seemed like they asked for household income so I put in that, and they gave her $34k credit, wow!
The list of travel benefits really is awesome. Rental car insurance, travel injury and evacuation, cancellation, baggage (delay and lost!) insurance. Plus product refund and warranty. Once I'm eligible in a year I think I'll sign up for this card myself and actually keep it. Did some math on the just travel credit and extra earning/redemption power with our spending and at worst it's a wash. Those perks would make it very nice to have. Plus lounge access to give you that 1%er feeling;)
Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Sold the home, so no more property taxes. Any other ideas? Thanks.
Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Sold the home, so no more property taxes. Any other ideas? Thanks.
Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Sold the home, so no more property taxes. Any other ideas? Thanks.
You and your accompanying guests may visit the participating lounges at no charge compliments of Chase Sapphire Reserve as often as you wish during your membership year.
Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Sold the home, so no more property taxes. Any other ideas? Thanks.
Quarterly tax payment. (DW is self employed)
Sold the home, so no more property taxes. Any other ideas? Thanks.Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Pay my property taxes. Pretty easy :-)
Sure. But as I said previously I SOLD my home so no more property taxes.
Sure. But as I said previously I SOLD my home so no more property taxes.
You missed the joke, which was that you should pay HIS property taxes.
I've been buying gift cards to the grocery store and Amazon. (Amazon is good because you can get gift cards to a lot of other stores there, as needed.)
Sure. But as I said previously I SOLD my home so no more property taxes.
You missed the joke, which was that you should pay HIS property taxes.
I've been buying gift cards to the grocery store and Amazon. (Amazon is good because you can get gift cards to a lot of other stores there, as needed.)
Ah! Indeed I missed the intended humor.
Thanks for the gift cards purchased at grocery store and Amazon ideas.
So I was denied for the Reserve because I don't have enough credit history. Do you think I should try to get the Preferred or try for another card altogether?
So I was denied for the Reserve because I don't have enough credit history. Do you think I should try to get the Preferred or try for another card altogether?
If you have another Chase card you can log in and poke around a bit to find out what cards you are prequalified for.
That could work too. Log in, see if there is some kind of credit card tab/dropdown/advertisement.So I was denied for the Reserve because I don't have enough credit history. Do you think I should try to get the Preferred or try for another card altogether?
If you have another Chase card you can log in and poke around a bit to find out what cards you are prequalified for.
I have a chase bank account but not a chase credit card unfortunately
we took advantage of all the chase deals we could . we got over 600 bucks .
we got 200 for upgrading to a chase unlimited from the chase freedom card , 150 for opening a savings account and 300 for opening a preferred checking . we will likely close them once we fully qualify .
Sure. But as I said previously I SOLD my home so no more property taxes.
You missed the joke, which was that you should pay HIS property taxes.
I've been buying gift cards to the grocery store and Amazon. (Amazon is good because you can get gift cards to a lot of other stores there, as needed.)
My wife and I got the reserve card and hit the bonus. I really like the idea of travel hacking. Can we now go backwards and get the preferred card bonus with no penalties? Sorry if this is question has been answered else where.
Sold the home, so no more property taxes. Any other ideas? Thanks.Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Pay my property taxes. Pretty easy :-)
Sure. But as I said previously I SOLD my home so no more property taxes.
I do plan on traveling to Europe but booked the flight prior to CSR approval. I am currently on a self imposed sabbatical so no W2 or 1099. Does anyone else have ideas beyond typical spending, utilities, gift cards, etc? Curious if anyone used manufacture spending (MS) to reach the 4k requirement. Thank you.
Sold the home, so no more property taxes. Any other ideas? Thanks.Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Pay my property taxes. Pretty easy :-)
Sure. But as I said previously I SOLD my home so no more property taxes.
I do plan on traveling to Europe but booked the flight prior to CSR approval. I am currently on a self imposed sabbatical so no W2 or 1099. Does anyone else have ideas beyond typical spending, utilities, gift cards, etc? Curious if anyone used manufacture spending (MS) to reach the 4k requirement. Thank you.
You can always send a trusted individual money through Venmo or square cash WI a credit card for a 3% fee. And then of course ask for the money back later.
Is it the cheapest MS method? Absolutely not. Is it convenient to do at home? Yes.
Sold the home, so no more property taxes. Any other ideas? Thanks.Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Pay my property taxes. Pretty easy :-)
Sure. But as I said previously I SOLD my home so no more property taxes.
I do plan on traveling to Europe but booked the flight prior to CSR approval. I am currently on a self imposed sabbatical so no W2 or 1099. Does anyone else have ideas beyond typical spending, utilities, gift cards, etc? Curious if anyone used manufacture spending (MS) to reach the 4k requirement. Thank you.
You can always send a trusted individual money through Venmo or square cash WI a credit card for a 3% fee. And then of course ask for the money back later.
Is it the cheapest MS method? Absolutely not. Is it convenient to do at home? Yes.
I know you said not gift cards, but I still think Amazon gift cards is the easiest way if you can't reach $4k in the 3 months. They're as good as money since amazon sells everything. I've gotten everything from dog food to batteries and furniture stain there just in the last few months (I'm too lazy to go to a store to get something when I think of it). They load to your account so no card to keep track off, and is automatically applied to purchases. I will certainly use money on amazon for the foreseeable future. No fee, and you get 1% cash back!
Woopie, good for you smarty pants. Consider my advice not applying to you then, and move on.Sold the home, so no more property taxes. Any other ideas? Thanks.Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Pay my property taxes. Pretty easy :-)
Sure. But as I said previously I SOLD my home so no more property taxes.
I do plan on traveling to Europe but booked the flight prior to CSR approval. I am currently on a self imposed sabbatical so no W2 or 1099. Does anyone else have ideas beyond typical spending, utilities, gift cards, etc? Curious if anyone used manufacture spending (MS) to reach the 4k requirement. Thank you.
You can always send a trusted individual money through Venmo or square cash WI a credit card for a 3% fee. And then of course ask for the money back later.
Is it the cheapest MS method? Absolutely not. Is it convenient to do at home? Yes.
I know you said not gift cards, but I still think Amazon gift cards is the easiest way if you can't reach $4k in the 3 months. They're as good as money since amazon sells everything. I've gotten everything from dog food to batteries and furniture stain there just in the last few months (I'm too lazy to go to a store to get something when I think of it). They load to your account so no card to keep track off, and is automatically applied to purchases. I will certainly use money on amazon for the foreseeable future. No fee, and you get 1% cash back!
Considering I can always get 5% back at Amazon with my Sallie Mae card, or 20% off by buying Amazon gift cards from stores such as Lowe's or staples when Amex offers come up, no, amazon gift cards are not as good as cash.
I just dropped back to 4/24, though I did have some hoops with getting the Freedom.You don't need a business for Ink. Just use your SSN for business/tax number. I've never owned a business in my life, but got the card with no problems for both my wife and myself. Just said "scandium photography" and $25 in revenue.
Once I've cleared my spend on the CSR* I guess I can see about getting the CSP - that seems the best use of my remaining slot. I won't have another open until August. After that, it will be over a year before one drops off.
Any better plans for a Chase card than CSP for churning? Already have CSR, Freedom and IHG, don't have a business for Ink.
*I'm seeing what clears on "natural spend" on my CSR- much of which is travel for work. My wife's CSR has the utilities, groceries and just did the annual house & car insurance payments. Freedom at Costco though for the 5% bonus and signup bonuses. Cleared hers already, halfway there on mine. When we get close to the end of the 3 months, the plan is to use the property taxes (at a cost of 2.19%) to sop up the remaining spend with some partial payments to get over the hump on our CSR. I don't actually have to pay the property taxes until the end of January, so I can keep the rest of the payment in reserve as a buffer for min spend on a new CSP.
You don't need a business for Ink.
| By becoming a Visa Business Card cardmember, you agree that the card is being used only for business purposes and that the card is being issued to a public or private company including a sole proprietor or employees or contractors of an organization. |
I'm a sole proprietor photography business. I need to eat to stay alive to run my business, thus groceries are a valid expense. Just because I haven't sold any pictures yet it's still a business.You don't need a business for Ink.
You do need a business unless you want to commit fraud (though, as we know, various forum members here have no problem engaging in fraud (http://forum.mrmoneymustache.com/ask-a-mustachian/$170-cash-found-on-sidewalk-gt-what-would-you-do/msg1232370/#msg1232370)).
The application form for any Chase business card makes it very clear that you are representing to have a business by submitting the form, but in case that was not obvious enough, the Terms & Conditions (https://applynow.chase.com/FlexAppWeb/pricing.do?card=FK5M) also contains the following language:
By becoming a Visa Business Card cardmember, you agree that the card is being used only for business purposes and that the card is being issued to a public or private company including a sole proprietor or employees or contractors of an organization.
I'm a sole proprietor photography business. I need to eat to stay alive to run my business, thus groceries are a valid expense. Just because I haven't sold any pictures yet it's still a business.
Give me a beak. What is Chase's damage? How are they harmed? They get their annual fee and merchant commission and you get the points.(Emphasis added.)
Woopie, good for you smarty pants. Consider my advice not applying to you then, and move on.Sold the home, so no more property taxes. Any other ideas? Thanks.Question, what techniques have you used to reach the $4,000 in three month spend requirement? Curious about your successful MS funded by the CSR specifically. Thanks all!
Paid property taxes. Pretty easy :-)
Pay my property taxes. Pretty easy :-)
Sure. But as I said previously I SOLD my home so no more property taxes.
I do plan on traveling to Europe but booked the flight prior to CSR approval. I am currently on a self imposed sabbatical so no W2 or 1099. Does anyone else have ideas beyond typical spending, utilities, gift cards, etc? Curious if anyone used manufacture spending (MS) to reach the 4k requirement. Thank you.
You can always send a trusted individual money through Venmo or square cash WI a credit card for a 3% fee. And then of course ask for the money back later.
Is it the cheapest MS method? Absolutely not. Is it convenient to do at home? Yes.
I know you said not gift cards, but I still think Amazon gift cards is the easiest way if you can't reach $4k in the 3 months. They're as good as money since amazon sells everything. I've gotten everything from dog food to batteries and furniture stain there just in the last few months (I'm too lazy to go to a store to get something when I think of it). They load to your account so no card to keep track off, and is automatically applied to purchases. I will certainly use money on amazon for the foreseeable future. No fee, and you get 1% cash back!
Considering I can always get 5% back at Amazon with my Sallie Mae card, or 20% off by buying Amazon gift cards from stores such as Lowe's or staples when Amex offers come up, no, amazon gift cards are not as good as cash.
And if the option is to get Amazon gift cards or missing the spending limit and thus 100,000 points the return can be way more than 20%
I have a question about spending points and getting travel credit.
If I book airfare on Chase'a Ultimate Rewards site, and it consumes all my points, the remainder gets charged to my reserve card. Will that remainder be coded as travel, so it will use my travel credit? Or is the entire UR site use some generic mcc code as I suspect is the case.
Already tried sending a SM to chase and got a canned response with assurances about the general program, but did not specifically answer my direct questions. Disappointing for a premium card like this.
Maybe someone here has purchased something from UR with a combo of points and cc and could check the mcc code for me? Thanks!
Thanks Bridget! We should be all set for 2x travel credit for 2016 now and already have plans on how to use it for 2017.
Unfortunately I don't think I'll be able to redeem 200k points at 1.5x rate since we are using VRBO/Homeaway for our vacation rental. Might have to just take the cash at 1x...
Thanks Bridget! We should be all set for 2x travel credit for 2016 now and already have plans on how to use it for 2017.
Unfortunately I don't think I'll be able to redeem 200k points at 1.5x rate since we are using VRBO/Homeaway for our vacation rental. Might have to just take the cash at 1x...
Does anybody know if I pay for 2 TSA PreChecks will the 2nd one be coded as travel? The first 1 I know will be reimbursed but if the 2nd one will be coded as travel than it will be free too?
Just noticed that they show the bonus points under "Earning on next statement". Pretty cool! Thought others might find it helpful if you were close on the spend/not sure.
Click on the Ultimate Rewards "bar" on the left side of the chase web site to see it.
Does anybody know if I pay for 2 TSA PreChecks will the 2nd one be coded as travel? The first 1 I know will be reimbursed but if the 2nd one will be coded as travel than it will be free too?
I can tell you that the Barclay mastercard did not code it as travel. It was coded something like "government".
I found a flight on Kayak and direct on the airline, but it doesn't show up in the portal. For those who called Chase, what number did you call?
free booze knows no time limitations
free booze knows no time limitations
You know, I always thought airports and airplanes were the one place where "nobody knows what time zone you are in," but I asked for some free booze on an 8 am flight and got a dirty look and no booze (yes, it was evening on my biological clock)
free booze knows no time limitations
You know, I always thought airports and airplanes were the one place where "nobody knows what time zone you are in," but I asked for some free booze on an 8 am flight and got a dirty look and no booze (yes, it was evening on my biological clock)
Sir you have an economy class ticket. You get no free booze, and there is a 1 bag limit on the complimentary pretzels.
Got my 100,000 points yesterday and then signed my wife up for the card. Yeehaww!Do the points show up when 4K spend is reached or do you have to wait for statement losing date?
Statement closingGot my 100,000 points yesterday and then signed my wife up for the card. Yeehaww!Do the points show up when 4K spend is reached or do you have to wait for statement losing date?
Thanks.Statement closingGot my 100,000 points yesterday and then signed my wife up for the card. Yeehaww!Do the points show up when 4K spend is reached or do you have to wait for statement losing date?
The day after I finally received the cool metal card in the mail, I got a fraudulent $5000+ charge on my card and had to cancel it :-( Luckily both Chase and the store that received the online order immediately contacted me about it.
I'm a little nervous about getting the replacement card in time to finish off my sign-up bonus... I only have about 12 days left.
ETA: How do you destroy a metal credit card?
The day after I finally received the cool metal card in the mail, I got a fraudulent $5000+ charge on my card and had to cancel it :-( Luckily both Chase and the store that received the online order immediately contacted me about it.
I'm a little nervous about getting the replacement card in time to finish off my sign-up bonus... I only have about 12 days left.
ETA: How do you destroy a metal credit card?
Take it to your local chase branch. They can destroy it for you.
The day after I finally received the cool metal card in the mail, I got a fraudulent $5000+ charge on my card and had to cancel it :-( Luckily both Chase and the store that received the online order immediately contacted me about it.
I'm a little nervous about getting the replacement card in time to finish off my sign-up bonus... I only have about 12 days left.
ETA: How do you destroy a metal credit card?
Take it to your local chase branch. They can destroy it for you.
Or they will send you a prepaid return envelope if you ask (so I hear)
Or use fire. A lot of fire.
The day after I finally received the cool metal card in the mail, I got a fraudulent $5000+ charge on my card and had to cancel it :-( Luckily both Chase and the store that received the online order immediately contacted me about it.
I'm a little nervous about getting the replacement card in time to finish off my sign-up bonus... I only have about 12 days left.
ETA: How do you destroy a metal credit card?
Take it to your local chase branch. They can destroy it for you.
Or they will send you a prepaid return envelope if you ask (so I hear)
Or use fire. A lot of fire.
Just put it through a file shredder at your office. How could they trace a half shredded card back to you?
The day after I finally received the cool metal card in the mail, I got a fraudulent $5000+ charge on my card and had to cancel it :-( Luckily both Chase and the store that received the online order immediately contacted me about it.
I'm a little nervous about getting the replacement card in time to finish off my sign-up bonus... I only have about 12 days left.
ETA: How do you destroy a metal credit card?
Take it to your local chase branch. They can destroy it for you.
Or they will send you a prepaid return envelope if you ask (so I hear)
Or use fire. A lot of fire.
Just put it through a file shredder at your office. How could they trace a half shredded card back to you?
A lot of shredders will not cut up the metal card. On the other hand it makes a great ice scraper. I have an old (no chip) metal Chase card that I scratched the numbers and mag strip off of and keep in the car as a mini scraper.
I definitely think I'm going to hold onto this reserve card for work travel. In the last month alone I've racked up $6k in reimburseable work travel costs, which with the CSR translates into $270 in Ultimate Rewards travel (3x points, redeemed at 1.5x for travel). The alternative, the CSP, would have gotten me only $150. That more than covers the difference in the annual fee, which I consider to be $55 (because the true annual fee for the CSR is $150 due to the $300 travel credit). My CSP is getting cancelled for sure.
I definitely think I'm going to hold onto this reserve card for work travel. In the last month alone I've racked up $6k in reimburseable work travel costs, which with the CSR translates into $270 in Ultimate Rewards travel (3x points, redeemed at 1.5x for travel). The alternative, the CSP, would have gotten me only $150. That more than covers the difference in the annual fee, which I consider to be $55 (because the true annual fee for the CSR is $150 due to the $300 travel credit). My CSP is getting cancelled for sure.
I definitely think I'm going to hold onto this reserve card for work travel. In the last month alone I've racked up $6k in reimburseable work travel costs, which with the CSR translates into $270 in Ultimate Rewards travel (3x points, redeemed at 1.5x for travel). The alternative, the CSP, would have gotten me only $150. That more than covers the difference in the annual fee, which I consider to be $55 (because the true annual fee for the CSR is $150 due to the $300 travel credit). My CSP is getting cancelled for sure.
Instead of cancelling the CSP, I recommend downgrading to the CS which has no annual fee. That way it stays on your credit report.
I definitely think I'm going to hold onto this reserve card for work travel. In the last month alone I've racked up $6k in reimburseable work travel costs, which with the CSR translates into $270 in Ultimate Rewards travel (3x points, redeemed at 1.5x for travel). The alternative, the CSP, would have gotten me only $150. That more than covers the difference in the annual fee, which I consider to be $55 (because the true annual fee for the CSR is $150 due to the $300 travel credit). My CSP is getting cancelled for sure.
Instead of cancelling the CSP, I recommend downgrading to the CS which has no annual fee. That way it stays on your credit report.
Sure, that works too and I probably will. Sometimes it's nice to just have less to keep track of, since I've closed a few already and my score is still 800 ish, and I'm not likely to even need a very high score in the near future (no mortgages on the horizon).
After you close the cards, they are still reported for quite awhile. An old card cancelled can still keep helping your score for a long time... until it finally drops off.
After you close the cards, they are still reported for quite awhile. An old card cancelled can still keep helping your score for a long time... until it finally drops off.
I know this to be true, but do they "age" as well? Lets say I have a 1 year old card. If I cancel it, is it a 2 year old card next year or does it perpetually bring my average down? Seems like it probably ages, just checking.
ETA: How do you destroy a metal credit card?
Take it to your local chase branch. They can destroy it for you.
Or they will send you a prepaid return envelope if you ask (so I hear)
Just starting my Churning journey and we decided Hawaii will be our first trip. I just got my CSR card today and I am looking to double dip the 300$ travel credit.
From my research it appears that the sky team partnership between delta and Korean air is our best option coming from Colorado and using an open Jaw since we plan on multiple islands. Would my best option to use the 300$ travel credit be to simply buy a 300$ delta gift card? my payment due date is January 5th will this still allow me to get the 2016 and 2017 credits?
Does the $300 travel credit only apply to $300 or greater travel purchases or does it apply to any/all travel purchase up to $300?
Is there any way to look at the Chase travel portal without logging in? I am interested to see if the price are competitive.
So, I got my 100,000 point sign up bonus a few days ago, then transferred 90,000 of them to United and booked two tickets to Hawaii for next year for $22.50. lol. Next, I booked the hotel stay and paid a $300 deposit this calendar year and the remaining balance on the hotel will be charged next year when I actually take the trip, so I'll get the additional $300 dollar credit then.
Two round-trip tickets from the DC area to Hawaii and a one week stay at a resort all for like $250 or so out of my pocket. lol. Thanks Chase!
That's quite a deal but I'm wondering. Why transfer 90k points to United when you can book United directly via Chase and get 1.5x on the points? That is 135k worth towards travel.So, I got my 100,000 point sign up bonus a few days ago, then transferred 90,000 of them to United and booked two tickets to Hawaii for next year for $22.50. lol. Next, I booked the hotel stay and paid a $300 deposit this calendar year and the remaining balance on the hotel will be charged next year when I actually take the trip, so I'll get the additional $300 dollar credit then.
Two round-trip tickets from the DC area to Hawaii and a one week stay at a resort all for like $250 or so out of my pocket. lol. Thanks Chase!
Just signed up and was automatically approved. My first foray into this credit card churning thing.
Hope not too late to get 2016 $300 travel credit.
Just signed up and was automatically approved. My first foray into this credit card churning thing.
Hope not too late to get 2016 $300 travel credit.
It isn't, as long as the purchase posts before December 31! You get the credit immediately after the purchase, you don't have to wait until the end of the statement period (which might push you into 2017 at this point). Airline gift cards are a good option if you're planning on booking a flight later in 2017.
Just signed up and was automatically approved. My first foray into this credit card churning thing.
Hope not too late to get 2016 $300 travel credit.
It isn't, as long as the purchase posts before December 31! You get the credit immediately after the purchase, you don't have to wait until the end of the statement period (which might push you into 2017 at this point). Airline gift cards are a good option if you're planning on booking a flight later in 2017.
I don't think the cut off is Dec 31, I think it's whatever your december statement date is. So if your statement date lands on december 10, then you only have until then. If you purchase after the december 10 statement date, but before december 31, it will still post on your january statement and thus count towards 2017. At least that is my understanding of it. Someone please correct me if I'm wrong.
A statement credit will automatically be applied to your account when your card is used for purchases in the travel category, up to $300 in statement credits annually ("annually" means the year beginning with your account open date through the first December statement date of that same year, and each 12 billing cycles starting after your December statement date through the following December statement date).
Just signed up and was automatically approved. My first foray into this credit card churning thing.
Hope not too late to get 2016 $300 travel credit.
It isn't, as long as the purchase posts before December 31! You get the credit immediately after the purchase, you don't have to wait until the end of the statement period (which might push you into 2017 at this point). Airline gift cards are a good option if you're planning on booking a flight later in 2017.
I don't think the cut off is Dec 31, I think it's whatever your december statement date is. So if your statement date lands on december 10, then you only have until then. If you purchase after the december 10 statement date, but before december 31, it will still post on your january statement and thus count towards 2017. At least that is my understanding of it. Someone please correct me if I'm wrong.
Just signed up and was automatically approved. My first foray into this credit card churning thing.
Hope not too late to get 2016 $300 travel credit.
It isn't, as long as the purchase posts before December 31! You get the credit immediately after the purchase, you don't have to wait until the end of the statement period (which might push you into 2017 at this point). Airline gift cards are a good option if you're planning on booking a flight later in 2017.
I don't think the cut off is Dec 31, I think it's whatever your december statement date is. So if your statement date lands on december 10, then you only have until then. If you purchase after the december 10 statement date, but before december 31, it will still post on your january statement and thus count towards 2017. At least that is my understanding of it. Someone please correct me if I'm wrong.
It sounds like the terms and the anecdotal evidence is somewhat in conflict - I got all travel reimbursements immediately (as in, the same day the purchase posted). Chase didn't wait until the end of the statement to credit me. However, I and others didn't make the purchase during the period of ambiguity - while still in 2016 but after the final statement cutoff. So, I suppose proceed at your own risk and do the purchase as early in December as you can, and then check the UR portal, which has a little counter for the calendar year on it to see whether it counted toward 2016 or 2017.
Just signed up and was automatically approved. My first foray into this credit card churning thing.
Hope not too late to get 2016 $300 travel credit.
It isn't, as long as the purchase posts before December 31! You get the credit immediately after the purchase, you don't have to wait until the end of the statement period (which might push you into 2017 at this point). Airline gift cards are a good option if you're planning on booking a flight later in 2017.
I don't think the cut off is Dec 31, I think it's whatever your december statement date is. So if your statement date lands on december 10, then you only have until then. If you purchase after the december 10 statement date, but before december 31, it will still post on your january statement and thus count towards 2017. At least that is my understanding of it. Someone please correct me if I'm wrong.
It sounds like the terms and the anecdotal evidence is somewhat in conflict - I got all travel reimbursements immediately (as in, the same day the purchase posted). Chase didn't wait until the end of the statement to credit me. However, I and others didn't make the purchase during the period of ambiguity - while still in 2016 but after the final statement cutoff. So, I suppose proceed at your own risk and do the purchase as early in December as you can, and then check the UR portal, which has a little counter for the calendar year on it to see whether it counted toward 2016 or 2017.
I don't think they are in conflict. I also got mine posted immediately, but it sounds pretty clear from their terms which year it will post for. If you make the purchase after your december closing date, but before december 31, it will post towards your 2017 credit as per the terms regardless of when they actually credit your account. I can't guarantee that will actually happen, but that's what it says will happen, and I wouldn't personally risk it.
Anyone know what the grace period is? Right now my account says next payment is due Jan 20 but it doesn't say anything about the statement date.
Anyone know what the grace period is? Right now my account says next payment is due Jan 20 but it doesn't say anything about the statement date.
I am not sure on this product, but I have a Chase Sapphire Preferred that has a closing date of the 23rd and is due on the 20th. So if the grace periods are similar between Chase products I would guess your statement date would also be around the 23rd.
You can always send them an email or secure message or chat.
Anyone know what the grace period is? Right now my account says next payment is due Jan 20 but it doesn't say anything about the statement date.
I am not sure on this product, but I have a Chase Sapphire Preferred that has a closing date of the 23rd and is due on the 20th. So if the grace periods are similar between Chase products I would guess your statement date would also be around the 23rd.
You can always send them an email or secure message or chat.
Question! Can you use the card to buy gift cards to count towards the $4k to get the 100k points? I got the card a couple weeks ago and not sure I'll be able to get the $4k without buying lots of junk. I'm thinking about buying a gift card at my local grocery store so that I can use that money throughout the year, will that count towards the $4k?
Question! Can you use the card to buy gift cards to count towards the $4k to get the 100k points? I got the card a couple weeks ago and not sure I'll be able to get the $4k without buying lots of junk. I'm thinking about buying a gift card at my local grocery store so that I can use that money throughout the year, will that count towards the $4k?
The only way to truly tell if you will get the bonus for 2016 and 2017 is to see if the bonus meter resets when 2017 rolls around. The is a circle chart thing you can see when you login to your account. The bonus may be posting but that doesn't necessarily mean it's counting for 2016. I can confirm it does post instantly after the charge makes it past pending.
The only way to truly tell if you will get the bonus for 2016 and 2017 is to see if the bonus meter resets when 2017 rolls around. The is a circle chart thing you can see when you login to your account. The bonus may be posting but that doesn't necessarily mean it's counting for 2016. I can confirm it does post instantly after the charge makes it past pending.
Is this on the main screen?
Under "THINGS YOU CAN DO"?
I can't find the meter and I've seen screen shots from others and I just don't have anything like that. (I swear I'm not techno illiterate!)
Posting timeline update for benefit of those who are considering applying for the Chase Sapphire Reserve CC deal.
Applied 11/27
Received card 11/29
Travel purchase 11/29 - still pending as of this moment - delta airline tickets
Statement end date is 12/26 per customer service, not showing up in my online portal yet
AF not showing yet, either
So I am in the clear for 2016 $300 travel credit, and will use same in 2017.
If you planning to apply now and hope to use the 2016 travel credit, it might be difficult to get a statement end date in December - but certainly worth a call to customer service to inquire.
Thank you all for your inspiration.
JPMC is taking a $200-300 million hit because of this card.
http://qz.com/856808/the-chase-sapphire-reserve-csr-credit-card-is-so-popular-itll-lower-jpmorgans-jpm-profit-by-200-million/
In the news: for folks planning on transferring points to United:
http://www.denverpost.com/2016/12/06/united-airlines-charging-to-use-overhead-bins/
Same issue if you transfer. I remember my Delta points were crap few years ago. I think they are worth more now... You are right, you just never know. I have few hundred thousand points so I should be really worried ...JPMC is taking a $200-300 million hit because of this card.
http://qz.com/856808/the-chase-sapphire-reserve-csr-credit-card-is-so-popular-itll-lower-jpmorgans-jpm-profit-by-200-million/
Because points aren't money, and can theoretically be taken away at any time, I always get a little nervous having 1-2k in points just sitting in my accountIn the news: for folks planning on transferring points to United:
http://www.denverpost.com/2016/12/06/united-airlines-charging-to-use-overhead-bins/
United is so GD terrible
JPMC is taking a $200-300 million hit because of this card.
http://qz.com/856808/the-chase-sapphire-reserve-csr-credit-card-is-so-popular-itll-lower-jpmorgans-jpm-profit-by-200-million/
Because points aren't money, and can theoretically be taken away at any time, I always get a little nervous having 1-2k in points just sitting in my accountIn the news: for folks planning on transferring points to United:
http://www.denverpost.com/2016/12/06/united-airlines-charging-to-use-overhead-bins/
United is so GD terrible
JPMC is taking a $200-300 million hit because of this card.
http://qz.com/856808/the-chase-sapphire-reserve-csr-credit-card-is-so-popular-itll-lower-jpmorgans-jpm-profit-by-200-million/
Because points aren't money, and can theoretically be taken away at any time, I always get a little nervous having 1-2k in points just sitting in my accountIn the news: for folks planning on transferring points to United:
http://www.denverpost.com/2016/12/06/united-airlines-charging-to-use-overhead-bins/
United is so GD terrible
I just got two round-trip tickets to Hawaii from DC for 90k points with United. Can't beat that.
JPMC is taking a $200-300 million hit because of this card.
http://qz.com/856808/the-chase-sapphire-reserve-csr-credit-card-is-so-popular-itll-lower-jpmorgans-jpm-profit-by-200-million/
Because points aren't money, and can theoretically be taken away at any time, I always get a little nervous having 1-2k in points just sitting in my accountIn the news: for folks planning on transferring points to United:
http://www.denverpost.com/2016/12/06/united-airlines-charging-to-use-overhead-bins/
United is so GD terrible
I just got two round-trip tickets to Hawaii from DC for 90k points with United. Can't beat that.
I thought with finagling you could do it for 50k points (25k each) from Korean Air.
Maybe you can beat that haha. I did see an article where some guy booked two flights to Hawaii thru Korean but it required him to have a 24 hour+ stayover and fly into and out of different airports in Hawaii or something like that. I booked a non-stop flight straight to Hawaii.
Maybe you can beat that haha. I did see an article where some guy booked two flights to Hawaii thru Korean but it required him to have a 24 hour+ stayover and fly into and out of different airports in Hawaii or something like that. I booked a non-stop flight straight to Hawaii.
I don't want the stayover (unless it's in Hawaii) - but using different airports in Hawaii for arrival and departure (open jaw) is exactly what I want. Fly into Kauai, have a couple weeks there, separately book a cheap interisland flight to the Big Island, have a couple weeks there and fly out of the Big Island instead of having to hop back to Kauai.
In coach? Ack.
I often fly United from Honolulu to SE Asia through Japan or Korea. It can cost as low as 120000 miles for a business class seat while the lowest coach runs around 70000 miles. The actual price fares are around $3500 for business vs. $1200 for economy. Thus the business class is a very sweet deal in this situation. Each leg of the flight is between 7-9 hours long.In coach? Ack.
Why does it seems like people are always upgrading to business class or higher when redeeming points? I never understood this.
I often fly United from Honolulu to SE Asia through Japan or Korea. It can cost as low as 120000 miles for a business class seat while the lowest coach runs around 70000 miles. The actual price fares are around $3500 for business vs. $1200 for economy. Thus the business class is a very sweet deal in this situation. Each leg of the flight is between 7-9 hours long.In coach? Ack.
Why does it seems like people are always upgrading to business class or higher when redeeming points? I never understood this.
In coach? Ack.
Why does it seems like people are always upgrading to business class or higher when redeeming points? I never understood this.
In coach? Ack.
Why does it seems like people are always upgrading to business class or higher when redeeming points? I never understood this.
I churn so I don't have to sit in coach for long haul flights. BTDT, thought I was gonna die.
In coach? Ack.
Why does it seems like people are always upgrading to business class or higher when redeeming points? I never understood this.
Has anyone had trouble transferring points between 2 members of the same household? My SO has UR points from a CSP opening last year that she wants to transfer to me so we can book a trip together. After getting a mysterious error online she called customer service and we were told my card is not eligible for transfers (even though it's the CSR, and I've transferred my own UR points from Freedom). She "escalated" the issue, but told us we'd hear from them via mailing in the next 10 days... seems kinda like a brush off?
Has anyone had trouble transferring points between 2 members of the same household? My SO has UR points from a CSP opening last year that she wants to transfer to me so we can book a trip together. After getting a mysterious error online she called customer service and we were told my card is not eligible for transfers (even though it's the CSR, and I've transferred my own UR points from Freedom). She "escalated" the issue, but told us we'd hear from them via mailing in the next 10 days... seems kinda like a brush off?
Weird. I've done this lots of times with my husband and never had any online trouble. Definitely escalate, it shouldn't be a problem. I've only transferred between the same types of cards, though - Husband's CSP -> My CSP, or Husband's CSR -> My CSR. When I have transferred across cards, it's been the same person - My CSP -> My CSR. I wonder if it would work better if you could do SO's CSP -> SO's CSR (if that exists) -> Your CSR? I'd wait until you get a definite "no" from Chase before trying this multi-step process.
I've transferred plenty of times, but only via the card that we're both on (same account, I'm an AU). I'll transfer from my Freedom Unlimited (solely mine) to his Freedom (I'm an AU on this), then he can transfer from his Freedom to his Chase Reserve.
Has anyone had trouble transferring points between 2 members of the same household? My SO has UR points from a CSP opening last year that she wants to transfer to me so we can book a trip together. After getting a mysterious error online she called customer service and we were told my card is not eligible for transfers (even though it's the CSR, and I've transferred my own UR points from Freedom). She "escalated" the issue, but told us we'd hear from them via mailing in the next 10 days... seems kinda like a brush off?
Anyone sign up for the TSA Pre check or Global Entry programs? I understand it is basically free but it seems kind of pointless if the people I'm traveling with don't have it.
FYI in case it hasn't yet been mentioned - I don't think it has, anyway - but you might be able to get your 2017 travel bonus already even though it's still December 2016.
I bought myself a $300 Delta gift card around Thanksgiving, got that reimbursed, and saw my "travel credit tachometer" thingy on the Chase UR website as fully green and used up.
I logged in today and noticed it had been reset to zero, presumably because my statement close date of 12/5 has passed. I bought myself another $300 Delta gift card today.
Forgive me if its been said earlier, but about how long after being approved should I expect to receive a card? Ideally, will they overnight or expedite it for free?
I have a trip coming up next week and now I think I would be able to meet the $300 credit in 2016. I'm kicking myself for not ordering earlier!
Forgive me if its been said earlier, but about how long after being approved should I expect to receive a card? Ideally, will they overnight or expedite it for free?
I have a trip coming up next week and now I think I would be able to meet the $300 credit in 2016. I'm kicking myself for not ordering earlier!
Forgive me if its been said earlier, but about how long after being approved should I expect to receive a card? Ideally, will they overnight or expedite it for free?
I have a trip coming up next week and now I think I would be able to meet the $300 credit in 2016. I'm kicking myself for not ordering earlier!
You actually probably won't be able to meet the $300 credit in 2016, as the credit resets after your December statement closing date, not on Dec. 31. If you opened the card today, your first statement will likely close in January. Thus you would begin with the 2017 credit out of the gate. (You can still "double dip" the $300 travel credit in two years while only paying one annual fee, but at this point those two years will be 2017 and 2018, not 2016 and 2017.) To do this, you'd probably want to make your second travel purchase in December 2017, for your Jan 2018 statement, and then close the account before Jan 1, 2018 when the second annual fee will hit. (Annual fee posts the first business day of the month following account opening, and every 12 months thereafter.)
What kind of fico score do you need to get approved, or are there other requirements. Mine is under review, my Fico is 630, from a Sprint dispute that I cant figure out how to get it removed. Other than I'm not paying something that I do not owe, which they then taxed it to my credit report a few month ago 4 times, under different collection agencies, for the same amount. :(
What kind of fico score do you need to get approved, or are there other requirements. Mine is under review, my Fico is 630, from a Sprint dispute that I cant figure out how to get it removed. Other than I'm not paying something that I do not owe, which they then taxed it to my credit report a few month ago 4 times, under different collection agencies, for the same amount. :(
hey TomX, Bridget, how do I dispute this? I have told the collectors on the phone that I do not owe Sprint anything, an they are calling me 3 years later after I closed the account.
Thanks MaryW. I guess it's time to dispute this crap.
2017 travel credit showing for me too. I'm on the fence about keeping the card though.
What's the latest thinking on whether you can be approved while having had 5 cards opened in the past 24 months? Right now I have 6/24 but in mid-May will be down to 5. Will that be enough or do I need to wait until it's down to 4/24?
Applied and was rejected about a month ago, before I figured out I had 6/24. Assuming not worth it to apply again before May?
What's the latest thinking on whether you can be approved while having had 5 cards opened in the past 24 months? Right now I have 6/24 but in mid-May will be down to 5. Will that be enough or do I need to wait until it's down to 4/24?
Applied and was rejected about a month ago, before I figured out I had 6/24. Assuming not worth it to apply again before May?
You need to be down to 4/24 to apply
Or apply in branch. I am way over 5/24, applied in branch, and was approved.
Or apply in branch. I am way over 5/24, applied in branch, and was approved.
Thanks to both of you. Bummer. Re branch approval - had you already applied online and been rejected when you went into the branch, or not? Wondering if having applied (and been rejected) a few months ago will make this a deal breaker for me.
I opened this in late November. My first statement just closed on 12/25.
When i look at my bonus dashboard, it says "$300 Travel Credit" and below it is says "$0 received"
So what does this mean with regards to me buying a gift card from Southwest Airlines for $300 today and being reimbursed?
I opened this in late November. My first statement just closed on 12/25.It means you missed out on the credit for 2016. You can still get it for 2017 though.
When i look at my bonus dashboard, it says "$300 Travel Credit" and below it is says "$0 received"
So what does this mean with regards to me buying a gift card from Southwest Airlines for $300 today and being reimbursed?
What's the latest thinking on whether you can be approved while having had 5 cards opened in the past 24 months? Right now I have 6/24 but in mid-May will be down to 5. Will that be enough or do I need to wait until it's down to 4/24?
Applied and was rejected about a month ago, before I figured out I had 6/24. Assuming not worth it to apply again before May?
You need to be down to 4/24 to apply
Or apply in branch. I am way over 5/24, applied in branch, and was approved.
What's the latest thinking on whether you can be approved while having had 5 cards opened in the past 24 months? Right now I have 6/24 but in mid-May will be down to 5. Will that be enough or do I need to wait until it's down to 4/24?
Applied and was rejected about a month ago, before I figured out I had 6/24. Assuming not worth it to apply again before May?
You need to be down to 4/24 to apply
Or apply in branch. I am way over 5/24, applied in branch, and was approved.
Were you pre-qualified for the card when you went to the branch? I've heard that if you're pre-qualified, 5/24 doesn't apply. I checked at my local branch and I am not.
What's the latest thinking on whether you can be approved while having had 5 cards opened in the past 24 months? Right now I have 6/24 but in mid-May will be down to 5. Will that be enough or do I need to wait until it's down to 4/24?
Applied and was rejected about a month ago, before I figured out I had 6/24. Assuming not worth it to apply again before May?
You need to be down to 4/24 to apply
Or apply in branch. I am way over 5/24, applied in branch, and was approved.
Were you pre-qualified for the card when you went to the branch? I've heard that if you're pre-qualified, 5/24 doesn't apply. I checked at my local branch and I am not.
I believe I was. The banker used phrasing similar to that when she was letting me know about the cards I could get.
Does this reserve card refund global entry or just tsa precheck?
Does this reserve card refund global entry or just tsa precheck?
I reimburses global entry.
You should get global entry since it includes TSA pre-check. Much better for about $20 more (which Chase pays anyway).
Only reason I can think of for getting TSA Precheck is if you can't find a convenient place to get Global Entry interview done.
I know its early in 2017 but has anyone got the double dip yet on the $300 travel credit?
I know its early in 2017 but has anyone got the double dip yet on the $300 travel credit?
I know its early in 2017 but has anyone got the double dip yet on the $300 travel credit?
I know its early in 2017 but has anyone got the double dip yet on the $300 travel credit?
It's a sad, sad day... http://thepointsguy.com/2017/01/chase-sapphire-reserve-100k-online-bonus-ending/Thanks for the warning!
The 100k bonus is going away on the 11th, and I'm stuck at 5/24 until April (stupid Amtrak card). But I might as well give it a shot before the big bonus disappears. I've been a loyal CS Preferred customer for several years now, and I wonder whether that might work in my favor if I'm denied and ask for reconsideration. Any data points on that scenario?
The 100k bonus is going away on the 11th, and I'm stuck at 5/24 until April (stupid Amtrak card). But I might as well give it a shot before the big bonus disappears. I've been a loyal CS Preferred customer for several years now, and I wonder whether that might work in my favor if I'm denied and ask for reconsideration. Any data points on that scenario?
Does anyone know exactly how 5/24 is calculated? I'm not sure if I go down to 4/24 in March or April, which is kinda important now with the deadline being March 12th for in-branch applications.
Do you have to keep the card open in order to retain your points? I know the travel credit would be gone, but I'm curious about just the points. There's a statement on the terms and conditions that makes me think they become forfeit.
And when is the $475 fee assessed? If I cancel after meeting the $4k spend, I'm just wondering of what the repercussions are. Or really, the best way to take the biggest advantage of this.
I'm reading through the thread looking for these answers, but as I said, this thing is gigantic.
Does anyone know exactly how 5/24 is calculated? I'm not sure if I go down to 4/24 in March or April, which is kinda important now with the deadline being March 12th for in-branch applications.
If you have a Chase slate, you can get an idea by looking at the credit score breakdown and then at inquiries. It will give you an idea because inquiries do not equal accounts.
I was over 5/24 by one additional account. This leads me to believe it is not just CC accounts but any account. ie PLOC, HELOC, auto, etc. I cannot confirm this is true but it makes sense.
Does anyone know exactly how 5/24 is calculated? I'm not sure if I go down to 4/24 in March or April, which is kinda important now with the deadline being March 12th for in-branch applications.
Quick question on the Priority Pass. It says on the Chase paperwork that you get a priority pass select. Well when I go to the PP site, it gives me to options of standard, standard plus, and prestige. I am assuming the standard one is correct, but want to double check...
The $450 annual fee is charged first thing - no getting around that. $75 for authorized user is only needed if the other person actually needs a card.
You can transfer the points out (United, Hyatt, Southwest, whatever - there are plenty) before cancelling the card. You lose flexibility, but you keep the points as long as you follow the rules where you moved them.
As an existing card member, should I be at all concerned that the sign up bonus is changing? I would like to keep the 150,000 points on standby for future travel but I wouldn't feel too bad about taking the $1000 cash and running.
With a $450 annual fee that is not waived in the first year is this card even worth it now that the bonus will be 50000 points instead?
(Annual fee posts the first business day of the month following account opening, and every 12 months thereafter.)
Quick question on the Priority Pass. It says on the Chase paperwork that you get a priority pass select. Well when I go to the PP site, it gives me to options of standard, standard plus, and prestige. I am assuming the standard one is correct, but want to double check...
You get the PP thru Chase's site, not the PP pass site. You have to sign up on Chase to get it though and it takes a couple weeks.
(Annual fee posts the first business day of the month following account opening, and every 12 months thereafter.)
So you pay $450 one month after signing up in order to get 100k of points (nominally $1,000) in three months once you spend $4,000? And then you have to cancel before 12 months are up and you get charged another $450?
I mean it's not a terrible deal, but it doesn't seem like something to get all excited about, either. What am I missing? We routinely get ~$300 in sign up bonuses for opening checking accounts without having to spend anything at all, and that seems to scale better.
(Annual fee posts the first business day of the month following account opening, and every 12 months thereafter.)
So you pay $450 one month after signing up in order to get 100k of points (nominally $1,000) in three months once you spend $4,000? And then you have to cancel before 12 months are up and you get charged another $450?
I mean it's not a terrible deal, but it doesn't seem like something to get all excited about, either. What am I missing? We routinely get ~$300 in sign up bonuses for opening checking accounts without having to spend anything at all, and that seems to scale better.
(Annual fee posts the first business day of the month following account opening, and every 12 months thereafter.)
So you pay $450 one month after signing up in order to get 100k of points (nominally $1,000) in three months once you spend $4,000? And then you have to cancel before 12 months are up and you get charged another $450?
I mean it's not a terrible deal, but it doesn't seem like something to get all excited about, either. What am I missing? We routinely get ~$300 in sign up bonuses for opening checking accounts without having to spend anything at all, and that seems to scale better.
(Annual fee posts the first business day of the month following account opening, and every 12 months thereafter.)
So you pay $450 one month after signing up in order to get 100k of points (nominally $1,000) in three months once you spend $4,000? And then you have to cancel before 12 months are up and you get charged another $450?
I mean it's not a terrible deal, but it doesn't seem like something to get all excited about, either. What am I missing? We routinely get ~$300 in sign up bonuses for opening checking accounts without having to spend anything at all, and that seems to scale better.
You are missing the the $300/yr travel credit reimbursement, and the fact that you can redeem points towards travel at 1.5x through the chase portal (so that nominal $1000 becomes $1500 in travel). The $300/yr reimbursement is per calendar year, so you can double dip while only paying for 1 annual fee.
I used my 2016 credit to purchase $300 in non expiring delta gift cards, and then booked a vacation in 2017.
Between the sign up bonus and the points I earned by meeting the spending requirements I had about $1,600 worth of travel, plus $600 in travel reimbursements (one for each 2016 and now 2017). That's $2,200 worth of travel. My wife signed up for her own too, so we got $4,400 worth of travel for $900 in fees and about $160 in lost cash back opportunity cost by spending $8k on theses instead of my 2% cash back card. A net gain of over $3,300 for doing spending I was already doing. That will pay a significant portion of our vacation this year.
Does anyone know exactly how 5/24 is calculated? I'm not sure if I go down to 4/24 in March or April, which is kinda important now with the deadline being March 12th for in-branch applications.
This is how I understand it: If you are currently at 5/24 and the oldest of your 5 card was approved anywhere between March 1 - 30 2015 then you would be under 5/24 on April 1st. If you card wasn't approved until April 1 then you'd have to wait until May 1st.
Does anyone know exactly how 5/24 is calculated? I'm not sure if I go down to 4/24 in March or April, which is kinda important now with the deadline being March 12th for in-branch applications.
This is how I understand it: If you are currently at 5/24 and the oldest of your 5 card was approved anywhere between March 1 - 30 2015 then you would be under 5/24 on April 1st. If you card wasn't approved until April 1 then you'd have to wait until May 1st.
Or go to a branch. I'm over 5/24 and was denied online, but just approved in branch.
Only reason I can think of for getting TSA Precheck is if you can't find a convenient place to get Global Entry interview done.
Or a convenient time. We did Global Entry but the earliest interview time was June 2017.
Only reason I can think of for getting TSA Precheck is if you can't find a convenient place to get Global Entry interview done.
Or a convenient time. We did Global Entry but the earliest interview time was June 2017.
So you paid the $100 for Global Entry application then couldn't get it for half a year? Is this normal timing for Global Entry? I will need to do TSA pre-check then instead. Assume pre-check is faster?
Does anyone know exactly how 5/24 is calculated? I'm not sure if I go down to 4/24 in March or April, which is kinda important now with the deadline being March 12th for in-branch applications.
This is how I understand it: If you are currently at 5/24 and the oldest of your 5 card was approved anywhere between March 1 - 30 2015 then you would be under 5/24 on April 1st. If you card wasn't approved until April 1 then you'd have to wait until May 1st.
Or go to a branch. I'm over 5/24 and was denied online, but just approved in branch.
Only reason I can think of for getting TSA Precheck is if you can't find a convenient place to get Global Entry interview done.
Or a convenient time. We did Global Entry but the earliest interview time was June 2017.
So you paid the $100 for Global Entry application then couldn't get it for half a year? Is this normal timing for Global Entry? I will need to do TSA pre-check then instead. Assume pre-check is faster?
Only reason I can think of for getting TSA Precheck is if you can't find a convenient place to get Global Entry interview done.
Or a convenient time. We did Global Entry but the earliest interview time was June 2017.
So you paid the $100 for Global Entry application then couldn't get it for half a year? Is this normal timing for Global Entry? I will need to do TSA pre-check then instead. Assume pre-check is faster?
This is typical. The "interview" is a joke ,too. They basically just need to get your prints and verify your docs.
Only reason I can think of for getting TSA Precheck is if you can't find a convenient place to get Global Entry interview done.
Or a convenient time. We did Global Entry but the earliest interview time was June 2017.
So you paid the $100 for Global Entry application then couldn't get it for half a year? Is this normal timing for Global Entry? I will need to do TSA pre-check then instead. Assume pre-check is faster?
Only reason I can think of for getting TSA Precheck is if you can't find a convenient place to get Global Entry interview done.
Or a convenient time. We did Global Entry but the earliest interview time was June 2017.
So you paid the $100 for Global Entry application then couldn't get it for half a year? Is this normal timing for Global Entry? I will need to do TSA pre-check then instead. Assume pre-check is faster?
This is typical. The "interview" is a joke ,too. They basically just need to get your prints and verify your docs.
Only reason I can think of for getting TSA Precheck is if you can't find a convenient place to get Global Entry interview done.
Or a convenient time. We did Global Entry but the earliest interview time was June 2017.
So you paid the $100 for Global Entry application then couldn't get it for half a year? Is this normal timing for Global Entry? I will need to do TSA pre-check then instead. Assume pre-check is faster?
Wait time for interviews varies tremendously among locations. I had a ~3 week wait in San Diego. Some people have booked interviews at locations while they are on travel. Many report sucess with checking frequently because the office gets cancellations all the time. This obviously works better if your schedule is flexible.
Does anyone know exactly how 5/24 is calculated? I'm not sure if I go down to 4/24 in March or April, which is kinda important now with the deadline being March 12th for in-branch applications.
This is how I understand it: If you are currently at 5/24 and the oldest of your 5 card was approved anywhere between March 1 - 30 2015 then you would be under 5/24 on April 1st. If you card wasn't approved until April 1 then you'd have to wait until May 1st.
Or go to a branch. I'm over 5/24 and was denied online, but just approved in branch.
Were you pre-approved, or did you just apply?
As I posted above, it took me 11 business days. Large metro areas seem to have disproportionately longer wait times.
I am strongly considering using my Chase points to book a trip to India with my Dad.
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I am strongly considering using my Chase points to book a trip to India with my Dad.
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Cool, PM me if you want any suggestions about what to do in India.
Cannot help you with booking it though :-(
I am strongly considering using my Chase points to book a trip to India with my Dad.
The itinerary is slightly complicated (in my opinion at least):
1. Round trip from BOI to DEL to BOI for two people.
2. Via SEA and DXB outbound.
3. Possibly another stopover on the inbound - TBD, either LHR or some place warm
4. One ticket is economy class, one is business class.
5. Use all my points then the balance on my card.
6. Using the Emirates sale that is going on now.
Any tips for getting an agent to ticket the above correctly/well?
I am strongly considering using my Chase points to book a trip to India with my Dad.
The itinerary is slightly complicated (in my opinion at least):
1. Round trip from BOI to DEL to BOI for two people.
2. Via SEA and DXB outbound.
3. Possibly another stopover on the inbound - TBD, either LHR or some place warm
4. One ticket is economy class, one is business class.
5. Use all my points then the balance on my card.
6. Using the Emirates sale that is going on now.
Any tips for getting an agent to ticket the above correctly/well?
You have to use the Ultimate Rewards travel site to use your points.
Nonetheless - if you want to use the points to book it - you'll have to let them do it.I am strongly considering using my Chase points to book a trip to India with my Dad.
The itinerary is slightly complicated (in my opinion at least):
1. Round trip from BOI to DEL to BOI for two people.
2. Via SEA and DXB outbound.
3. Possibly another stopover on the inbound - TBD, either LHR or some place warm
4. One ticket is economy class, one is business class.
5. Use all my points then the balance on my card.
6. Using the Emirates sale that is going on now.
Any tips for getting an agent to ticket the above correctly/well?
You have to use the Ultimate Rewards travel site to use your points.
Right. I doubt my ability to book this trip successfully myself via the UR portal and thought I read upthread that there are Chase reps who can book trickier itineraries for you. This is trickier than anything I have attempted to book on my own, and I'm just not sure how tricky it would be for one of the Chase portal reps. Maybe they do these things in their sleep, I don't know.
Nonetheless - if you want to use the points to book it - you'll have to let them do it.I am strongly considering using my Chase points to book a trip to India with my Dad.
The itinerary is slightly complicated (in my opinion at least):
1. Round trip from BOI to DEL to BOI for two people.
2. Via SEA and DXB outbound.
3. Possibly another stopover on the inbound - TBD, either LHR or some place warm
4. One ticket is economy class, one is business class.
5. Use all my points then the balance on my card.
6. Using the Emirates sale that is going on now.
Any tips for getting an agent to ticket the above correctly/well?
You have to use the Ultimate Rewards travel site to use your points.
Right. I doubt my ability to book this trip successfully myself via the UR portal and thought I read upthread that there are Chase reps who can book trickier itineraries for you. This is trickier than anything I have attempted to book on my own, and I'm just not sure how tricky it would be for one of the Chase portal reps. Maybe they do these things in their sleep, I don't know.
(Annual fee posts the first business day of the month following account opening, and every 12 months thereafter.)
So you pay $450 one month after signing up in order to get 100k of points (nominally $1,000) in three months once you spend $4,000? And then you have to cancel before 12 months are up and you get charged another $450?
I mean it's not a terrible deal, but it doesn't seem like something to get all excited about, either. What am I missing? We routinely get ~$300 in sign up bonuses for opening checking accounts without having to spend anything at all, and that seems to scale better.
So lets say you open a CSR today.
-$450 - Pay $450 annual fee.
+$550 - Spend $4000 withing the next 90 days. The value of 100K points is much more than $1000 but lets keep it tat way.
+$850 - During 2017, spend $300 on travel and get $300 back.
+1150 - In 2018, you have a small window to spend $300 on travel and get another $300 back. Buy airline GC if you have to.
- Cancel before or when you see the 2nd $450 annual fee.
(Annual fee posts the first business day of the month following account opening, and every 12 months thereafter.)
So you pay $450 one month after signing up in order to get 100k of points (nominally $1,000) in three months once you spend $4,000? And then you have to cancel before 12 months are up and you get charged another $450?
I mean it's not a terrible deal, but it doesn't seem like something to get all excited about, either. What am I missing? We routinely get ~$300 in sign up bonuses for opening checking accounts without having to spend anything at all, and that seems to scale better.
So lets say you open a CSR today.
-$450 - Pay $450 annual fee.
+$550 - Spend $4000 withing the next 90 days. The value of 100K points is much more than $1000 but lets keep it tat way.
+$850 - During 2017, spend $300 on travel and get $300 back.
+1150 - In 2018, you have a small window to spend $300 on travel and get another $300 back. Buy airline GC if you have to.
- Cancel before or when you see the 2nd $450 annual fee.
At minimum you gain $1150 for minimum work so its easy to see why everyone is crazy about it. There are other perks too but you get the gist of it.
So if used in the most optimal fashion, I can make roughly $1800 off of this card. It requires some work over the next year to get that much, but let's go with it.
What if the points conversion scale changes before you can spend it, and you're already out the $450 out of pocket up front? What about the points I already earn on my current card, that I would lose if I used this one instead?
We've previously established that the median income for mustachians is about $100k/year, and many of us are struggling with OMY syndrome as we push our retirement dates back farther and farther. At that salary, it's literally five more workdays to get this much benefit. Work one more week, and never have to worry about gift cards or travel redemptions or point conversions our minimum spend requirements.
I'm not saying it's a terrible deal that nobody should utilize, just that it seems like a lot of hassle and risk to cut five days off my working career, when you can cut a whole year off by raising your savings rate 1%.
Sorry to be a downer. I'll probably sign up for the card anyway.
(Annual fee posts the first business day of the month following account opening, and every 12 months thereafter.)
So you pay $450 one month after signing up in order to get 100k of points (nominally $1,000) in three months once you spend $4,000? And then you have to cancel before 12 months are up and you get charged another $450?
I mean it's not a terrible deal, but it doesn't seem like something to get all excited about, either. What am I missing? We routinely get ~$300 in sign up bonuses for opening checking accounts without having to spend anything at all, and that seems to scale better.
So lets say you open a CSR today.
-$450 - Pay $450 annual fee.
+$550 - Spend $4000 withing the next 90 days. The value of 100K points is much more than $1000 but lets keep it tat way.
+$850 - During 2017, spend $300 on travel and get $300 back.
+1150 - In 2018, you have a small window to spend $300 on travel and get another $300 back. Buy airline GC if you have to.
- Cancel before or when you see the 2nd $450 annual fee.
At minimum you gain $1150 for minimum work so its easy to see why everyone is crazy about it. There are other perks too but you get the gist of it.
That $4000 spend will get you a minimum of 4000 points, and potentially up to 12,000 depending on the type of purchase. That adds another $40-120 in cash value, or $60-180 in travel credit.
Using the card in an optimal manner, we have:
-$450 - Pay $450 annual fee.
+$1110 - Spend $4000 within the next 90 days. The value of 104,000 points used for travel is $1560.
+$1410 - During 2017, spend $300 on travel and get $300 back.
+$1710 - In 2018, you have a small window to spend $300 on travel and get another $300 back. Buy airline GC if you have to.
+$1810 - apply for Global Entry ($100) - fee is reimbursed.
+free airport lounge access
+free primary rental car insurance
+free emergency medical and evacuation coverage while traveling (up to $2,500 / $100,000 respectively)
- Cancel before or when you see the 2nd $450 annual fee.
It's a phenomenal deal.
So if used in the most optimal fashion, I can make roughly $1800 off of this card. It requires some work over the next year to get that much, but let's go with it.
What if the points conversion scale changes before you can spend it, and you're already out the $450 out of pocket up front? What about the points I already earn on my current card, that I would lose if I used this one instead?
We've previously established that the median income for mustachians is about $100k/year, and many of us are struggling with OMY syndrome as we push our retirement dates back farther and farther. At that salary, it's literally five more workdays to get this much benefit. Work one more week, and never have to worry about gift cards or travel redemptions or point conversions our minimum spend requirements.
I'm not saying it's a terrible deal that nobody should utilize, just that it seems like a lot of hassle and risk to cut five days off my working career, when you can cut a whole year off by raising your savings rate 1%.
Sorry to be a downer. I'll probably sign up for the card anyway.
Tomorrow (1/11/17) is allegedly the last day to apply online with the current signup bonus.
We've previously established that the median income for mustachians is about $100k/year, and many of us are struggling with OMY syndrome as we push our retirement dates back farther and farther. At that salary, it's literally five more workdays to get this much benefit. Work one more week, and never have to worry about gift cards or travel redemptions or point conversions our minimum spend requirements.
So if used in the most optimal fashion, I can make roughly $1800 off of this card. It requires some work over the next year to get that much, but let's go with it.
What if the points conversion scale changes before you can spend it, and you're already out the $450 out of pocket up front? What about the points I already earn on my current card, that I would lose if I used this one instead?
We've previously established that the median income for mustachians is about $100k/year, and many of us are struggling with OMY syndrome as we push our retirement dates back farther and farther. At that salary, it's literally five more workdays to get this much benefit. Work one more week, and never have to worry about gift cards or travel redemptions or point conversions our minimum spend requirements.
I'm not saying it's a terrible deal that nobody should utilize, just that it seems like a lot of hassle and risk to cut five days off my working career, when you can cut a whole year off by raising your savings rate 1%.
Sorry to be a downer. I'll probably sign up for the card anyway.
We've previously established that the median income for mustachians is about $100k/year, and many of us are struggling with OMY syndrome as we push our retirement dates back farther and farther. At that salary, it's literally five more workdays to get this much benefit. Work one more week, and never have to worry about gift cards or travel redemptions or point conversions our minimum spend requirements.
You're on a website where people are optimizing electricity usage, turning down thermostats, eating excessive quantities of oatmeal, living in their cars, bicycling to work, etc. etc. to save a few bucks, and you're worried that it's not worth it to make a tax-free four figures in an hour or two of easy work? :-)
Question regarding the travel credit, I opened my account mid/late December 2016 (around the 20th). I didn't receive the card until the 27th and the $450 annual fee posted on 1/1/2017. Therefore, I will be cancelling/downgrading the card by 12/31/2016. I'm a bit confused by the language surrounding the $300 travel credit. If my statement posts early December, would I be able to incur $300 in travel charges after that date to double up on the travel credit for 2017 while cancelling before the second $450 fee?
We've previously established that the median income for mustachians is about $100k/year, and many of us are struggling with OMY syndrome as we push our retirement dates back farther and farther. At that salary, it's literally five more workdays to get this much benefit. Work one more week, and never have to worry about gift cards or travel redemptions or point conversions our minimum spend requirements.
Yes, I know. The financial motivations behind those decisions are purely the frosting on top. This is essentially a lifestyle blog about how to be healthier and happier and more environmentally friendly, and the $$$ is just the vector, the pathway to get people to make changes for the better.
I don't think I will be happier credit card churning to save a few bucks, in the same way that I am happier biking to work to save a few bucks. Or better yet, happier retiring early with those saved bucks, which I will not continue to save once I am no longer commuting or qualifying for credit cards.
What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
Not so sure about that - we've been retired for over 3 years and have been churning a storm for the last 2. I put our income at $35,000/year, which is about what we pull out of investments, and haven't been turned down yet. CSP for each of us, Amex Starwood for each, Barclay USAir (now AA) for each, Freedom Unlimited for each, CSR for DH (I'm over 5/24), and a couple others.What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
One of the things I have learned from my aging parents is that you will no longer qualify for new credit cards once you no longer have regular employment income. Churning is a game designed for people who don't really need the money. Poor folks don't qualify.
Not so sure about that - we've been retired for over 3 years and have been churning a storm for the last 2. I put our income at $35,000/year, which is about what we pull out of investments, and haven't been turned down yet. CSP for each of us, Amex Starwood for each, Barclay USAir (now AA) for each, Freedom Unlimited for each, CSR for DH (I'm over 5/24), and a couple others.What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
One of the things I have learned from my aging parents is that you will no longer qualify for new credit cards once you no longer have regular employment income. Churning is a game designed for people who don't really need the money. Poor folks don't qualify.
Question regarding the travel credit, I opened my account mid/late December 2016 (around the 20th). I didn't receive the card until the 27th and the $450 annual fee posted on 1/1/2017. Therefore, I will be cancelling/downgrading the card by 12/31/2016. I'm a bit confused by the language surrounding the $300 travel credit. If my statement posts early December, would I be able to incur $300 in travel charges after that date to double up on the travel credit for 2017 while cancelling before the second $450 fee?
Thanks.
I'll have to pay attention to how quickly the credit posts this year, and consider getting on it right after the statement closes in December.
You'll probably be able to get it late December 2017 (get an airline gift card if nothing else). I got my 2016 credit shortly after receiving the card, but it reset after my December bill dropped. I charged a hotel night right after that bill date and got (some of) the 2017 credit.
After posting this, I applied for 2 more - an Amex with a $150 bonus for spending $1000, 10% back on Amazon for 6 months, and 6% back on groceries ($95 annual fee). Citibank card with 50,000 AA miles (no annual fee the first year). Got them both.Not so sure about that - we've been retired for over 3 years and have been churning a storm for the last 2. I put our income at $35,000/year, which is about what we pull out of investments, and haven't been turned down yet. CSP for each of us, Amex Starwood for each, Barclay USAir (now AA) for each, Freedom Unlimited for each, CSR for DH (I'm over 5/24), and a couple others.What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
One of the things I have learned from my aging parents is that you will no longer qualify for new credit cards once you no longer have regular employment income. Churning is a game designed for people who don't really need the money. Poor folks don't qualify.
I hope you're right. Churning could be a useful side gig in retirement, I'm just not sure I can count on it.
Not so sure about that - we've been retired for over 3 years and have been churning a storm for the last 2. I put our income at $35,000/year, which is about what we pull out of investments, and haven't been turned down yet. CSP for each of us, Amex Starwood for each, Barclay USAir (now AA) for each, Freedom Unlimited for each, CSR for DH (I'm over 5/24), and a couple others.What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
One of the things I have learned from my aging parents is that you will no longer qualify for new credit cards once you no longer have regular employment income. Churning is a game designed for people who don't really need the money. Poor folks don't qualify.
What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
One of the things I have learned from my aging parents is that you will no longer qualify for new credit cards once you no longer have regular employment income. Churning is a game designed for people who don't really need the money. Poor folks don't qualify.
This is part of the reason I am applying for new credit cards now, because pretty soon I will be stuck with those same cards for the rest of my life, unable to get new ones. Maybe someone should add this tidbit to the "retirement checklist" thread: sign up for a bunch of new credit cards while you still have high earned income.
My retired parents were just denied a home equity line of credit for an amount smaller than the balance of their savings account at the same bank. Retirees can't get loans or credit, it seems, even with an 800+ credit rating.
As another data point, I was approved for 14 new credit cards in November, after having been retired since February.After posting this, I applied for 2 more - an Amex with a $150 bonus for spending $1000, 10% back on Amazon for 6 months, and 6% back on groceries ($95 annual fee). Citibank card with 50,000 AA miles (no annual fee the first year). Got them both.Not so sure about that - we've been retired for over 3 years and have been churning a storm for the last 2. I put our income at $35,000/year, which is about what we pull out of investments, and haven't been turned down yet. CSP for each of us, Amex Starwood for each, Barclay USAir (now AA) for each, Freedom Unlimited for each, CSR for DH (I'm over 5/24), and a couple others.What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
One of the things I have learned from my aging parents is that you will no longer qualify for new credit cards once you no longer have regular employment income. Churning is a game designed for people who don't really need the money. Poor folks don't qualify.
I hope you're right. Churning could be a useful side gig in retirement, I'm just not sure I can count on it.
New poster wanted to sign up for this card, but have a quick question. I currently have 70k ultimate reward points tied to my chase sapphire card. If I get the Sapphire Reserve will I be able to transfer my 70k points into this cards account and then get the 1.5 multiplier on top of it? In theory this will give me an added 17500 travel points right? I'm still on the fence on this card and if I can do this it will push me over the edge. Thanks for any input
We've previously established that the median income for mustachians is about $100k/year, and many of us are struggling with OMY syndrome as we push our retirement dates back farther and farther. At that salary, it's literally five more workdays to get this much benefit. Work one more week, and never have to worry about gift cards or travel redemptions or point conversions our minimum spend requirements.
You're on a website where people are optimizing electricity usage, turning down thermostats, eating excessive quantities of oatmeal, living in their cars, bicycling to work, etc. etc. to save a few bucks, and you're worried that it's not worth it to make a tax-free four figures in an hour or two of easy work? :-)
Yes, I know. The financial motivations behind those decisions are purely the frosting on top. This is essentially a lifestyle blog about how to be healthier and happier and more environmentally friendly, and the $$$ is just the vector, the pathway to get people to make changes for the better.
I don't think I will be happier credit card churning to save a few bucks, in the same way that I am happier biking to work to save a few bucks. Or better yet, happier retiring early with those saved bucks, which I will not continue to save once I am no longer commuting or qualifying for credit cards.
Question regarding the travel credit, I opened my account mid/late December 2016 (around the 20th). I didn't receive the card until the 27th and the $450 annual fee posted on 1/1/2017. Therefore, I will be cancelling/downgrading the card by 12/31/2016. I'm a bit confused by the language surrounding the $300 travel credit. If my statement posts early December, would I be able to incur $300 in travel charges after that date to double up on the travel credit for 2017 while cancelling before the second $450 fee?
What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
One of the things I have learned from my aging parents is that you will no longer qualify for new credit cards once you no longer have regular employment income. Churning is a game designed for people who don't really need the money. Poor folks don't qualify.
This is part of the reason I am applying for new credit cards now, because pretty soon I will be stuck with those same cards for the rest of my life, unable to get new ones. Maybe someone should add this tidbit to the "retirement checklist" thread: sign up for a bunch of new credit cards while you still have high earned income.
My retired parents were just denied a home equity line of credit for an amount smaller than the balance of their savings account at the same bank. Retirees can't get loans or credit, it seems, even with an 800+ credit rating.
Question regarding the travel credit, I opened my account mid/late December 2016 (around the 20th). I didn't receive the card until the 27th and the $450 annual fee posted on 1/1/2017. Therefore, I will be cancelling/downgrading the card by 12/31/2016. I'm a bit confused by the language surrounding the $300 travel credit. If my statement posts early December, would I be able to incur $300 in travel charges after that date to double up on the travel credit for 2017 while cancelling before the second $450 fee?
Everyone should have a chance to double up on the credit. It's based on the year of the statement date. Later this year you should be receiving your december 2017 statement, which will be dated for some date in december. Any purchases that post to your account before that date will be credited towards your 2017 travel credit allowance. Any purchases that post to your account after that statement date (even though they are still made in december 2017 before you cancel) will count as your 2018 travel credit allowance, because it will appear on your january 2018 statement. It only matters when the charge actually posts to your account, which could take several days. I purchased air line gift cards to utilize my 2016 credit, and it took several days to actually post into the account. You might be cutting it close if your december statement comes late in the month, and you have to make a purchase AND have it post to your account before you cancel on dec 31.
Not so sure about that - we've been retired for over 3 years and have been churning a storm for the last 2. I put our income at $35,000/year, which is about what we pull out of investments, and haven't been turned down yet. CSP for each of us, Amex Starwood for each, Barclay USAir (now AA) for each, Freedom Unlimited for each, CSR for DH (I'm over 5/24), and a couple others.What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
One of the things I have learned from my aging parents is that you will no longer qualify for new credit cards once you no longer have regular employment income. Churning is a game designed for people who don't really need the money. Poor folks don't qualify.
I've started seeing them ask for investment balances too, which I assume factors into their calculations
Not so sure about that - we've been retired for over 3 years and have been churning a storm for the last 2. I put our income at $35,000/year, which is about what we pull out of investments, and haven't been turned down yet. CSP for each of us, Amex Starwood for each, Barclay USAir (now AA) for each, Freedom Unlimited for each, CSR for DH (I'm over 5/24), and a couple others.What's the median retirement expenditure for mustachians though? If it's anything like MMM at $24k, $2000 in benefits is 8% of annual spend.
One of the things I have learned from my aging parents is that you will no longer qualify for new credit cards once you no longer have regular employment income. Churning is a game designed for people who don't really need the money. Poor folks don't qualify.
I've started seeing them ask for investment balances too, which I assume factors into their calculations
I've only seen Amex ask for investment balances, and their upper bound was just "> $500k", which I found oddly low.
Every application I fill out asks for my employer and my annual income, but I don't think any of them have ever actually verified that information. Except my mortgage, they totally checked everything out, which is ironic because the house is collateral. If I max my credit cards and don't pay, how is chase going to repossess $100k worth of fancy dinners?
Every application I fill out asks for my employer and my annual income, but I don't think any of them have ever actually verified that information. Except my mortgage, they totally checked everything out, which is ironic because the house is collateral. If I max my credit cards and don't pay, how is chase going to repossess $100k worth of fancy dinners?
Credit cards are considered unsecured debt.
I have jokingly told my wife we can "cash" out all our CC which would be in the $150K range, move to another country and they couldn't do anything.
Well I bit the bullet and pulled the trigger. Signed up today and got instantly approved. My home owner's insurance is due next month so I shouldn't have any problem meeting the spending requirement. The only thing I don't like is I'd rather of signed up for the card in February so it would give me more time to collect the $300 travel credit for next year also. I guess if worse comes to worse I'll just do the gift card purchase trick. I'm sure it's going to look funny me getting the $300 travel credit and canceling the card a couple days later but oh well. Thanks Chase!
I'm a bit surprised too. Every time I get a Chase card I usually get ~$15K. This time I got $29,900. Don't know why.
I'm a bit surprised too. Every time I get a Chase card I usually get ~$15K. This time I got $29,900. Don't know why.
Odd. Just got the CSP since the CSR is done, only got an extra $5k, lowest i have gotten fpr a CL in a long time. Of course, it's my 4th Chase card...
I will have to check when i get home, but i think i have a bit over 50% of my gross annual income in Chase credit cards, more like 250% for all cards together.
When my DH got the CSR, he had to move around Chase credit limits to get the minimum required for of at least 20k for the CSR.
When my DH got the CSR, he had to move around Chase credit limits to get the minimum required for of at least 20k for the CSR.
Really ?? $20K is the minimum for the card ??
Wife was with me when I got the card at the branch. I told the CS to check offers for my wife too and she told me my wife also have the offer for the CSR. I almost asked her to do an application for my wife too but I had second thought about spending $8K in 90 days so I waited. I heard the 100k pt offer will still be good until March so I'll wait.
My wife just work PT but I've put her on my card since the beginning and she has excellent credit for someone with no real income. I was going to have her submit her income as $40K since they really can't verify it. Maybe they will ask her to, maybe not. I'll see in March if someone with no real income can get this card especially when you said the minimum for this card is $20K CL.
When my DH got the CSR, he had to move around Chase credit limits to get the minimum required for of at least 20k for the CSR.
Really ?? $20K is the minimum for the card ??
Wife was with me when I got the card at the branch. I told the CS to check offers for my wife too and she told me my wife also have the offer for the CSR. I almost asked her to do an application for my wife too but I had second thought about spending $8K in 90 days so I waited. I heard the 100k pt offer will still be good until March so I'll wait.
My wife just work PT but I've put her on my card since the beginning and she has excellent credit for someone with no real income. I was going to have her submit her income as $40K since they really can't verify it. Maybe they will ask her to, maybe not. I'll see in March if someone with no real income can get this card especially when you said the minimum for this card is $20K CL.
You report all income you have "reasonable expectation of access" to. Since you are married you should both just report your combined income. I checked into this before getting the card as my wife has no income and had the same questions.
This also seems directly related to sol's post above about not being able to get credit cards once you FIRE. You should be able to list retirement fund distributions and social security of both you and your spouse on the credit card application. Unless you are doing a roth pipeline and are technically living off savings instead of actual distributions for the first 5 years or so...but in that case I would just lie because I think they are unlikely to verify your claims.
Just got my card today, but I have a question: when I look at my points for the Preferred card it says I get a 25% bonus if I redeem them for travel. If I transfer the points to the Reserve, will I get the 50% bonus for redeeming on travel?Yes, as well as any points you transfer from the Freedom cards. It's only good if you use their agency (it's not that your 100k points would transfer to UA as 150k points), but it's a nice bonus if you'd use the agency (cars, air travel not accessible with points, cruises, hotels, etc.)
I just used my points to buy round trip tickets to Italy.
3 of us, and out of pocket expenses will be about $125 ($2196 tickets, $1771 from points, $300 travel reimbursement).
Sweet! Italy, here we come!
Love reading about what folks are doing with their points - inspiring! And thanks to the OP for getting this thread going all that time ago, it's been super useful to so many of us.
I'm really (but cautiously) excited because I just realized that there are Chase branch locations where we're going to be traveling this coming week! I'm planning on walking in and applying for the Reserve in person -- no idea if I'll be successful given I have no Chase accounts and don't live in the place we'll be visiting, but I figure it's worth a try. What's the worst that can happen? I get rejected, and I'm in the same spot I'm in now ;-P I'll report back on how it goes - and if anyone has tips on what to say in-branch, PM me or post here. Thx!
Love reading about what folks are doing with their points - inspiring! And thanks to the OP for getting this thread going all that time ago, it's been super useful to so many of us.
I'm really (but cautiously) excited because I just realized that there are Chase branch locations where we're going to be traveling this coming week! I'm planning on walking in and applying for the Reserve in person -- no idea if I'll be successful given I have no Chase accounts and don't live in the place we'll be visiting, but I figure it's worth a try. What's the worst that can happen? I get rejected, and I'm in the same spot I'm in now ;-P I'll report back on how it goes - and if anyone has tips on what to say in-branch, PM me or post here. Thx!
I would just walk in and say you'd like to apply for a Sapphire Reserve card. Banks love getting new accounts.
Love reading about what folks are doing with their points - inspiring! And thanks to the OP for getting this thread going all that time ago, it's been super useful to so many of us.
I'm really (but cautiously) excited because I just realized that there are Chase branch locations where we're going to be traveling this coming week! I'm planning on walking in and applying for the Reserve in person -- no idea if I'll be successful given I have no Chase accounts and don't live in the place we'll be visiting, but I figure it's worth a try. What's the worst that can happen? I get rejected, and I'm in the same spot I'm in now ;-P I'll report back on how it goes - and if anyone has tips on what to say in-branch, PM me or post here. Thx!
I would just walk in and say you'd like to apply for a Sapphire Reserve card. Banks love getting new accounts.
Yep, or just ask what your prequalified for. I stopped by a branch last week while in NJ and turns out that I was prequalified for every card including the CSR despite being over 5/24. Strange that Chase is so strict about 5/24 until you're in branch at which point you can get just about whatever you want, but I suppose we should just be glad their is some way around the rule.
Love reading about what folks are doing with their points - inspiring! And thanks to the OP for getting this thread going all that time ago, it's been super useful to so many of us.
I'm really (but cautiously) excited because I just realized that there are Chase branch locations where we're going to be traveling this coming week! I'm planning on walking in and applying for the Reserve in person -- no idea if I'll be successful given I have no Chase accounts and don't live in the place we'll be visiting, but I figure it's worth a try. What's the worst that can happen? I get rejected, and I'm in the same spot I'm in now ;-P I'll report back on how it goes - and if anyone has tips on what to say in-branch, PM me or post here. Thx!
I would just walk in and say you'd like to apply for a Sapphire Reserve card. Banks love getting new accounts.
Love reading about what folks are doing with their points - inspiring! And thanks to the OP for getting this thread going all that time ago, it's been super useful to so many of us.
I'm really (but cautiously) excited because I just realized that there are Chase branch locations where we're going to be traveling this coming week! I'm planning on walking in and applying for the Reserve in person -- no idea if I'll be successful given I have no Chase accounts and don't live in the place we'll be visiting, but I figure it's worth a try. What's the worst that can happen? I get rejected, and I'm in the same spot I'm in now ;-P I'll report back on how it goes - and if anyone has tips on what to say in-branch, PM me or post here. Thx!
I would just walk in and say you'd like to apply for a Sapphire Reserve card. Banks love getting new accounts.
Yep, or just ask what your prequalified for. I stopped by a branch last week while in NJ and turns out that I was prequalified for every card including the CSR despite being over 5/24. Strange that Chase is so strict about 5/24 until you're in branch at which point you can get just about whatever you want, but I suppose we should just be glad their is some way around the rule.
I wasn't prequalified and am over 5/24...I was going to try in branch on March (when I drop off 5/24 if they ignore a Target REDCard), right before the promo offer goes from 100k to 50k points. I'm wondering if it's worth trying now...
I just got my card. First time I've opened a card for the sign-up bonus in a few years. The bonuses are usually not high enough for me to feel like it's worthwhile bothering, but I couldn't resist this one. I like the way the metal card sounds when you tap it on things.
I just got my card. First time I've opened a card for the sign-up bonus in a few years. The bonuses are usually not high enough for me to feel like it's worthwhile bothering, but I couldn't resist this one. I like the way the metal card sounds when you tap it on things.
Makes the standard plastic cards seem cheap and flimsy...
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
I'm keeping it despite the $150 net cost per year after travel reimbursement for two reasons:
- 1.5x travel redemption - means 7.5% back on Chase Freedom bonus categories and 2.25% on Chase Freedom Ulimited spending by transferring points to Reserve
- The perks - No Foreign Transaction Fee, Global Entry, Priority Pass Select, Rental and Trip Insurance
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
It's been a good ride, got max value from points, bonus points, booked though their website, 2x$300 reimbursements, TSA Pre credit. that said I think it's time to move on soon. I have time to see what new goodies the banks offer. I will say I've been impressed by Chases website and customer service.
If you're comparing keeping a CSR to a CSP, this is a pretty good breakdown - http://onemileatatime.boardingarea.com/2016/09/02/sapphire-reserve-points-bonus/
It estimates that if you spend $3200/year on travel, you should keep the reserve notwithstanding the higher fee. I travel fairly frequently for work (with expensive refundable fares), and I have to front the expenses on my cc and get reimbursed, so hitting this amount is easy for me. The CSR is a no-brainer.
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
I plan to keep the one we have.
Question: does anyone know if prequalifying in branch is the same as the prequalification check on chase.com? (I fail the latter so wondering if there is a point to trying in branch).
If you use the Global Entry credit, that also narrows the gap considerably.
Just a quick note for anyone who first got the Sapphire Preferred card and then jumped on the Reserve card, I just closed my Preferred account in 3 minutes. Super easy. I'm expecting more when I flip the reserve.
I just called the -3319 number on the back of the card, got a live person right away.
I plan to keep the one we have.
Question: does anyone know if prequalifying in branch is the same as the prequalification check on chase.com? (I fail the latter so wondering if there is a point to trying in branch).
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
Thanks for the replies on the in branch pre-qualification! I am over 5/24 so I will have to stop by a branch.
Global entry credit is not annual, though, it's one-time (maybe once every 5 years?)
If you use the Global Entry credit, that also narrows the gap considerably.
Anyone know if my $300 travel credit will apply to a purchase on Travelocity, specifically a car rental?
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
I'm not sure. I like the card and have a Freedom I can transfer points from (to get 1.5X on the 5% rewards). My usual card is a Capital One, which also has no foreign transaction fees and 1.5% cash back, so I'd have to spend almost 7k a year on travel and restaurants to come out ahead versus putting those expenses on my Capital One card. We want to travel more, so we might hit that number, but it's a lot to spend.
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
I'm not sure. I like the card and have a Freedom I can transfer points from (to get 1.5X on the 5% rewards). My usual card is a Capital One, which also has no foreign transaction fees and 1.5% cash back, so I'd have to spend almost 7k a year on travel and restaurants to come out ahead versus putting those expenses on my Capital One card. We want to travel more, so we might hit that number, but it's a lot to spend.
7k of travel/restaurants x 1.5% = $105 cash back
7k of travel/restaurants x 3% = $210 cash back, or $315 if you redeem for travel.
Since $300/yr will be credited back to your account, the annual fee is effectively $150/yr. You come out way ahead with the CSR if you spend $7k/yr on travel/restaurants. You only need to spend $5k to break even*
*All of that spending has to be on the high reward category of retaurants/travel, and you have to redeem those rewards at 1.5X through the portal for this to be true.
Depending on how my work schedule works out I may very well end up charging that much on restaurants and hotels over the course of a year. If so I will keep and use the card.
Thanks for the replies on the in branch pre-qualification! I am over 5/24 so I will have to stop by a branch.
There are rumors that preapprovals tend to pop up 6 months after your last Chase card.
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
I'm not sure. I like the card and have a Freedom I can transfer points from (to get 1.5X on the 5% rewards). My usual card is a Capital One, which also has no foreign transaction fees and 1.5% cash back, so I'd have to spend almost 7k a year on travel and restaurants to come out ahead versus putting those expenses on my Capital One card. We want to travel more, so we might hit that number, but it's a lot to spend.
7k of travel/restaurants x 1.5% = $105 cash back
7k of travel/restaurants x 3% = $210 cash back, or $315 if you redeem for travel.
Since $300/yr will be credited back to your account, the annual fee is effectively $150/yr. You come out way ahead with the CSR if you spend $7k/yr on travel/restaurants. You only need to spend $5k to break even*
*All of that spending has to be on the high reward category of retaurants/travel, and you have to redeem those rewards at 1.5X through the portal for this to be true.
Depending on how my work schedule works out I may very well end up charging that much on restaurants and hotels over the course of a year. If so I will keep and use the card.
The transferability of Chase Freedom points to this card makes a difference in the math. That means 7.5% back for the rotating categories instead of 5%. Spend $2,000/year on the stuff in the Chase Freedom rotating categories and the extra 2.5% back makes up for $50 of the annual fee. Add in the $300 travel credit and there's only $100 left of the annual fee. The card I would otherwise use for travel/restaurants is the Citi Double Cash, which the Chase Sapphire Reserve beats by 2.5% on these categories. I would then break even at $4,000 of travel/restaurant spending in excess of what the $300 credit and my points buy me, even if I value the other benefits like airport lounges at $0. We'll see how it goes!
The transferability of Chase Freedom points to this card makes a difference in the math. That means 7.5% back for the rotating categories instead of 5%. Spend $2,000/year on the stuff in the Chase Freedom rotating categories and the extra 2.5% back makes up for $50 of the annual fee. Add in the $300 travel credit and there's only $100 left of the annual fee. The card I would otherwise use for travel/restaurants is the Citi Double Cash, which the Chase Sapphire Reserve beats by 2.5% on these categories. I would then break even at $4,000 of travel/restaurant spending in excess of what the $300 credit and my points buy me, even if I value the other benefits like airport lounges at $0. We'll see how it goes!
Good points.
Regarding the $300 travel credit, I thought you got points in addition to being refunded the credit? So it's not $4000 in excess of the credit because the credit is rolled right into the $4000 worth of spending that you get points on. I could be wrong about this though. Can anyone clarify?
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
No. Nor do you get points for the $450 annual fee. You do get points for the $85 TSA-Precheck purchase though.
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
Quickest I've ever spent $4K. Wife health insurance, books, cell bill, car insurance. DONE !!!
Now back to the branch to get my wife the CSR also.
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
No. Nor do you get points for the $450 annual fee. You do get points for the $85 TSA-Precheck purchase though.
I would definitely apply for this if I wasn't over 5/24.
I just started saving points about a year ago and we've amassed enough so that I can bring my wife and kids to a conference I'm going to in Hawaii and stay for at least an extra week.
It's pretty amazing to be able to get so much free stuff just for being able to pay your bills on time.
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
No. Nor do you get points for the $450 annual fee. You do get points for the $85 TSA-Precheck purchase though.
If you travel internationally at all, and you're doing it right, you pay the $100 for Global Entry, which includes TSA Pre-check.
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
No. Nor do you get points for the $450 annual fee. You do get points for the $85 TSA-Precheck purchase though.
If you travel internationally at all, and you're doing it right, you pay the $100 for Global Entry, which includes TSA Pre-check.
To do it even righter, pay $50 for the Nexus membership which includes Global Entry and TSA Pre-check. Note that you have to physically go near Canada to seal the deal.
I would definitely apply for this if I wasn't over 5/24.
I just started saving points about a year ago and we've amassed enough so that I can bring my wife and kids to a conference I'm going to in Hawaii and stay for at least an extra week.
It's pretty amazing to be able to get so much free stuff just for being able to pay your bills on time.
Would you mind explaining this to me how does it work with credit card points and so forth
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
No. Nor do you get points for the $450 annual fee. You do get points for the $85 TSA-Precheck purchase though.
If you travel internationally at all, and you're doing it right, you pay the $100 for Global Entry, which includes TSA Pre-check.
To do it even righter, pay $50 for the Nexus membership which includes Global Entry and TSA Pre-check. Note that you have to physically go near Canada to seal the deal.
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
No. Nor do you get points for the $450 annual fee. You do get points for the $85 TSA-Precheck purchase though.
If you travel internationally at all, and you're doing it right, you pay the $100 for Global Entry, which includes TSA Pre-check.
To do it even righter, pay $50 for the Nexus membership which includes Global Entry and TSA Pre-check. Note that you have to physically go near Canada to seal the deal.
I don't think you will get reimbursed for a Nexus application. Global Entry and TSA pre check only.
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
No. Nor do you get points for the $450 annual fee. You do get points for the $85 TSA-Precheck purchase though.
If you travel internationally at all, and you're doing it right, you pay the $100 for Global Entry, which includes TSA Pre-check.
To do it even righter, pay $50 for the Nexus membership which includes Global Entry and TSA Pre-check. Note that you have to physically go near Canada to seal the deal.
I don't think you will get reimbursed for a Nexus application. Global Entry and TSA pre check only.
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
No. Nor do you get points for the $450 annual fee. You do get points for the $85 TSA-Precheck purchase though.
If you travel internationally at all, and you're doing it right, you pay the $100 for Global Entry, which includes TSA Pre-check.
To do it even righter, pay $50 for the Nexus membership which includes Global Entry and TSA Pre-check. Note that you have to physically go near Canada to seal the deal.
I don't think you will get reimbursed for a Nexus application. Global Entry and TSA pre check only.
Huh, well that's rather stupid, considering it's better and cheaper than Global Entry. I guess you're right though. I don't see Nexus mentioned on the page. I already had it so I didn't look at the details too closely.
Ah, even better! I was assuming the worst.
Do you also get points for travel purchases made using points?
No. Nor do you get points for the $450 annual fee. You do get points for the $85 TSA-Precheck purchase though.
If you travel internationally at all, and you're doing it right, you pay the $100 for Global Entry, which includes TSA Pre-check.
To do it even righter, pay $50 for the Nexus membership which includes Global Entry and TSA Pre-check. Note that you have to physically go near Canada to seal the deal.
I don't think you will get reimbursed for a Nexus application. Global Entry and TSA pre check only.
Huh, well that's rather stupid, considering it's better and cheaper than Global Entry. I guess you're right though. I don't see Nexus mentioned on the page. I already had it so I didn't look at the details too closely.
Yeah, doesn't really make sense. When I went for my Global Entry interview, the CBP agent was like why the heck are you getting not getting Nexus instead.
FYI, apparently Chase has suspended in-branch preapprovals of the CSR.
Any idea when Chase charges the $450 annual fee for the CSR? I've had my card a few weeks now, but still no charge for the annual fee. Thanks!
Any idea when Chase charges the $450 annual fee for the CSR? I've had my card a few weeks now, but still no charge for the annual fee. Thanks!
It should be the first day of the month after you opened (if you opened in January, then February 1).
Ok, so I applied in branch while on vacation. Everything seemed to go well and the banker I met with was acting like I'd definitely get the card. No weirdness about not living there. No mention of the 5/24 rule or anything, she just took down my info, two forms of ID (license and a debit card), and asked some basic security questions like my mother's maiden name and name of my employer. Typed everything into her computer and I signed some paperwork. But when we finished up she said I'd receive a "response" within 7-10 days, which made me worried I was going to get rejected. I guess we will see- did anyone who applied in-branch NOT get immediately approved? If so what happened? I had thought most folks who went to a branch received instantaneous approval.
I'll report back once I hear back! At least I tried :)
Ok, so I applied in branch while on vacation. Everything seemed to go well and the banker I met with was acting like I'd definitely get the card. No weirdness about not living there. No mention of the 5/24 rule or anything, she just took down my info, two forms of ID (license and a debit card), and asked some basic security questions like my mother's maiden name and name of my employer. Typed everything into her computer and I signed some paperwork. But when we finished up she said I'd receive a "response" within 7-10 days, which made me worried I was going to get rejected. I guess we will see- did anyone who applied in-branch NOT get immediately approved? If so what happened? I had thought most folks who went to a branch received instantaneous approval.
I'll report back once I hear back! At least I tried :)
...and I was rejected. Got the letter in the mail today. Said too many credit cards open in the last two years. Bummer! Time to apply for the two Southwest cards to try to get the companion pass. Good luck to others!
Ok, so I applied in branch while on vacation. Everything seemed to go well and the banker I met with was acting like I'd definitely get the card. No weirdness about not living there. No mention of the 5/24 rule or anything, she just took down my info, two forms of ID (license and a debit card), and asked some basic security questions like my mother's maiden name and name of my employer. Typed everything into her computer and I signed some paperwork. But when we finished up she said I'd receive a "response" within 7-10 days, which made me worried I was going to get rejected. I guess we will see- did anyone who applied in-branch NOT get immediately approved? If so what happened? I had thought most folks who went to a branch received instantaneous approval.
I'll report back once I hear back! At least I tried :)
...and I was rejected. Got the letter in the mail today. Said too many credit cards open in the last two years. Bummer! Time to apply for the two Southwest cards to try to get the companion pass. Good luck to others!
The Southwest cards are also Chase, and also under 5/24 rules (if you have 5 new cards in the last 24 months, no new cards from Chase.) If you were rejected for too many cards, you are very likely to be rejected again.
Ok, so I applied in branch while on vacation. Everything seemed to go well and the banker I met with was acting like I'd definitely get the card. No weirdness about not living there. No mention of the 5/24 rule or anything, she just took down my info, two forms of ID (license and a debit card), and asked some basic security questions like my mother's maiden name and name of my employer. Typed everything into her computer and I signed some paperwork. But when we finished up she said I'd receive a "response" within 7-10 days, which made me worried I was going to get rejected. I guess we will see- did anyone who applied in-branch NOT get immediately approved? If so what happened? I had thought most folks who went to a branch received instantaneous approval.
I'll report back once I hear back! At least I tried :)
...and I was rejected. Got the letter in the mail today. Said too many credit cards open in the last two years. Bummer! Time to apply for the two Southwest cards to try to get the companion pass. Good luck to others!
The Southwest cards are also Chase, and also under 5/24 rules (if you have 5 new cards in the last 24 months, no new cards from Chase.) If you were rejected for too many cards, you are very likely to be rejected again.
I was just about to ask about this.
Only Chase branded cards are under 5/24. Southwest is not. Like Chase CC that gets UR points.
Southwest, Hyatt, Marriot, etc....are not.
Ok, so I applied in branch while on vacation. Everything seemed to go well and the banker I met with was acting like I'd definitely get the card. No weirdness about not living there. No mention of the 5/24 rule or anything, she just took down my info, two forms of ID (license and a debit card), and asked some basic security questions like my mother's maiden name and name of my employer. Typed everything into her computer and I signed some paperwork. But when we finished up she said I'd receive a "response" within 7-10 days, which made me worried I was going to get rejected. I guess we will see- did anyone who applied in-branch NOT get immediately approved? If so what happened? I had thought most folks who went to a branch received instantaneous approval.
I'll report back once I hear back! At least I tried :)
...and I was rejected. Got the letter in the mail today. Said too many credit cards open in the last two years. Bummer! Time to apply for the two Southwest cards to try to get the companion pass. Good luck to others!
The Southwest cards are also Chase, and also under 5/24 rules (if you have 5 new cards in the last 24 months, no new cards from Chase.) If you were rejected for too many cards, you are very likely to be rejected again.
I was just about to ask about this.
Only Chase branded cards are under 5/24. Southwest is not. Like Chase CC that gets UR points.
Southwest, Hyatt, Marriot, etc....are not.
This is my n=1 anecdotal evidence yet I posit Chase extends approximately half your stated income in credit as I am currently sitting at 35K.
Congratulations on the CSR. Any reason you went for a Freedom instead of CSP?
Congratulations on the CSR. Any reason you went for a Freedom instead of CSP?
Good question Tom. Ultimately I will be using the freedom cards as an UR point pipeline for the CSR and the 5% rotating categories from the CF would provide a boost in points every quarter. I freely admit that I did not do my due diligence researching the merits of keeping both but in my humble opinion the CSR is essentially the CSP on steroids in terms of more generous bonus categories, a higher redemption rate through the Chase travel portal as well as the same if not better benefits across the board. Since I plan on keeping the CSR and already had the CFU, having two Chase cards with annual fees didn't really make sense for my situation.
Congratulations on the CSR. Any reason you went for a Freedom instead of CSP?
Good question Tom. Ultimately I will be using the freedom cards as an UR point pipeline for the CSR and the 5% rotating categories from the CF would provide a boost in points every quarter. I freely admit that I did not do my due diligence researching the merits of keeping both but in my humble opinion the CSR is essentially the CSP on steroids in terms of more generous bonus categories, a higher redemption rate through the Chase travel portal as well as the same if not better benefits across the board. Since I plan on keeping the CSR and already had the CFU, having two Chase cards with annual fees didn't really make sense for my situation.
Absolutely.
Another option for that situation is to sign up for the CSP, get the 50k signup bonus, no AF for the first year. Later do a product change to Freedom. Might need to downgrade to the unadvertised CS first, then CF. Max bonus points on CF for a quarter is only $75.
I have the CSR and just closed my Chase Sapphire. I also have the Amazon Prime (5% off Amazon) administered by Chase. What Chase cards should I pick up for sign-on points (transferable to CSR)?
Is CSR offer still valid?
Thanks for the heads up re Southwest being under 5/24-- I got conflicting advice on another thread. I did apply online and got the foreboding "we'll let you know within 30 days" response which probably means I'm going to be rejected. Guess it's back to the drawing table and time to decide whether I apply for something else or lay low until I get under 5/24 in November. DH has the Reserve so at least one of us is benefiting from that sweet deal!
For those mentioning doing product switches (i.e., cancel CSR and get another Chase card for instance), you don't get any bonus offers doing a product switch correct?
For those mentioning doing product switches (i.e., cancel CSR and get another Chase card for instance), you don't get any bonus offers doing a product switch correct?
I might be booking a flight and using some of my 120,000 points soon...
Where can I see the transfer value to different airlines? It's 1:1 for United, right? So if I transfer 30,000 points to United it will be the equivalent of 30,000 miles, correct?
I need to see the ratio for American, Southwest and Delta as well.
I'm wondering what you guys think happened in my situation below?
I signed up for the CSR last October with a limit of $10,000. I was charged my $450 annual fee, got my $300 travel credit for 2016, got my $300 travel credit for 2017 already, and my 100k point bonus. About a month ago I signed up for the CSR for my wife (who got a ridiculous $29.5K credit limit), and now barely use my CSR anymore.
I had about 8.5K in credit card debt on my Chase Freedom, that was going to start incurring interest in a few months, in July 2017. Then a few days ago I was offered and signed up for the Chase Slate because of the 60 day no fee balance transfer period and no interest for 15 months. I got a $6.2K limit and thought, great I can delay paying most of this debt longer and frontload more towards retirement/student loan debt.
I tried doing the balance transfer for my full $6.4K limit, and noticed it was limiting me to 95% of my available limit. This was fine with me but I thought I might as well call Chase to confirm this was policy, what is more interesting is what happened next...
The agent suggest I transfer my credit (not balance) from my CSR to my Slate. I was allowed to transfer almost all of it except $1000 and my current balance on the card (a little under $200). So I proceeded to transfer $8800 from my CSR to my Slate. My Slate now has a $15K balance, and my CSR $1.2K.
Now this is what really is weird. A few days later, on my last CSR statement close, my CSR got a $450 "MEMBERSHIP FEE CREDIT"... I have no idea what this is about but I plan on spending down the negative balance, and closing the card as soon as possible.
Anyone know why I got this credit?!
I believe CSR is of the type of card that requires a certain minimum limit (maybe 5K). Since you're below that, the card isn't eligible for some of the benefits. The system must flag that and return the annual fee. Pretty slick! I wouldn't close the card myself though.
I believe CSR is of the type of card that requires a certain minimum limit (maybe 5K). Since you're below that, the card isn't eligible for some of the benefits. The system must flag that and return the annual fee. Pretty slick! I wouldn't close the card myself though.
Ohh, that might be it. Interesting, I'm guessing they will not give me the $100 Global Entry bonus then. That is one last thing I plan to take advantage of before closing the card.
I believe CSR is of the type of card that requires a certain minimum limit (maybe 5K). Since you're below that, the card isn't eligible for some of the benefits. The system must flag that and return the annual fee. Pretty slick! I wouldn't close the card myself though.
Ohh, that might be it. Interesting, I'm guessing they will not give me the $100 Global Entry bonus then. That is one last thing I plan to take advantage of before closing the card.
If Chase wanted to do this then it would have to disclose in the terms and conditions of the card that they will take away your benefits if your credit limit is not high enough. As far as I know, no such clause exists.
What actually happened is Chase's system triggered one of the CARD act provisions which states that in the first year, annual fees can not be greater than 25% of the credit limit offered. When this gets violated by reducing the credit limit on your card, Chase automatically issues you an annual fee refund.
http://www.creditcardwatcher.com/credit-hack-getting-fees-waived-on-high-annual-fee-cards/ (http://www.creditcardwatcher.com/credit-hack-getting-fees-waived-on-high-annual-fee-cards/)
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
Why would you want to ?? Chase has a policy getting the bonus points if you haven't recieved one within the last 24 months.
Use it until the year is up. Use the 2 $300 travel reaward. Cancel. Make sure you transfer or use up your points before you cancel. Like I would transfer all my points to my Hyatt account. Or transfer it to your FREE annual fee Freedom card and just let the points sit there.
Wait another 12 months or so and re-apply. Even if you don't get the bonus points, you can still do the 2 $300 again.
Even better, re-rinse with the CSP.
When its time to cancel the CSR, apply for the CSP and transfer the points over.
I mean you're not losing money by keeping the CSR but its an advantage to cancel it and re-rinse.
- Get $300 travel credit 2nd time on 1 yr anniversary (book a trip or travel company gift card like Expedia) immediately before cancelling
^ Ah, thank you both! Didn't realize it was calendar year for $300 travel credit, and that having another Sapphire was a downgrade option. Details, details!
Yeah, debating outright cancel or just downgrade/put it away, and possibly become a tradeline card down the line, depending. I haven't had Chase cancel other cards from lack of use, some are over 2 years.
What are people's plans for keeping this card?
Will you cancel before the annual $450 fee this year for those that acquired one last year? Or do you feel the $300 travel reimbursement and other perks are worth keeping it for the long haul?
Why would you want to ?? Chase has a policy getting the bonus points if you haven't recieved one within the last 24 months.
Use it until the year is up. Use the 2 $300 travel reaward. Cancel. Make sure you transfer or use up your points before you cancel. Like I would transfer all my points to my Hyatt account. Or transfer it to your FREE annual fee Freedom card and just let the points sit there.
Wait another 12 months or so and re-apply. Even if you don't get the bonus points, you can still do the 2 $300 again.
Even better, re-rinse with the CSP.
When its time to cancel the CSR, apply for the CSP and transfer the points over.
I mean you're not losing money by keeping the CSR but its an advantage to cancel it and re-rinse.
Just wanted to check on exit strategies/timing to avoid the 2nd yr annual fee. What are others doing?
Thinking:
- Get $300 travel credit 2nd time on 1 yr anniversary (book a trip or travel company gift card like Expedia) immediately before cancelling
- Book Ultimate Rewards travel (worth 1.5) prior to cancelling, call Chase to consolidate any remaining UR points to another Chase card (still worth 1.25)
- Cancel or downgrade before $450 annual fee hits (sounds like annual fee posts 1 month after 1 yr anniversary)
- If downgrade, is the only option the Chase Sapphire (which I already have because of downgrading the Preferred last year)?
I'm thinking Ill keep my Reserve card for year two and see how it plays out by transferring ultimate reward points over and getting the 1.5 multiplier. I referred my wife for a chase sapphire card. I got the 10k point referral bonus. She added me as an authorized user so she got a 5k point bonus plus the 50k sign up bonus. 65k points all transferred to my Reserve card equals $975 for travel. Can't beat that! I'm probably going to sign up for the Chase Ink business preferred card that comes with an 80k miles sign up bonus and transfer that over also. After the dust settles I'll have over $5,000 of free travel from chase in a period of two years. I love it.
I'm thinking Ill keep my Reserve card for year two and see how it plays out by transferring ultimate reward points over and getting the 1.5 multiplier. I referred my wife for a chase sapphire card. I got the 10k point referral bonus. She added me as an authorized user so she got a 5k point bonus plus the 50k sign up bonus. 65k points all transferred to my Reserve card equals $975 for travel. Can't beat that! I'm probably going to sign up for the Chase Ink business preferred card that comes with an 80k miles sign up bonus and transfer that over also. After the dust settles I'll have over $5,000 of free travel from chase in a period of two years. I love it.
Don't forget - It's almost time to cancel/downgrade the card for many who got it early and don't want to incur the second $450 fee.
Can someone post the most pain-free way of doing this? It would be great if it could be done online (I hate talking to humans :))
Don't forget - It's almost time to cancel/downgrade the card for many who got it early and don't want to incur the second $450 fee.
Can someone post the most pain-free way of doing this? It would be great if it could be done online (I hate talking to humans :))
[/quote
Log into your account and do with a message. Move points first.
So I'm coming up on my 1 year anniversary with the CSR and I don't want to get hit with the $450 annual fee again. Obviously, I know I can call and switch the card to one with no annual fee - what happens to my CSR points if I were to switch to the freedom card? I have over 40k points still that I don't want to lose. Do I just lose them since the freedom card doesn't operate on the same points system?
I should add that I do not currently have any other Chase cards besides the CSR.
Do I have to sign up for the Chase Sapphire Preferred card, then transfer the points from my CSR card to it, and then downgrade the CSR card? In that order? I don't mind a $95 annual fee, but $450 is a bit much. I'd like to keep my 40k points as i'm not ready to make any travel plans just yet and signing up for the CSP would net me another 50k points with their sign up bonus.
So I'm coming up on my 1 year anniversary with the CSR and I don't want to get hit with the $450 annual fee again. Obviously, I know I can call and switch the card to one with no annual fee - what happens to my CSR points if I were to switch to the freedom card? I have over 40k points still that I don't want to lose. Do I just lose them since the freedom card doesn't operate on the same points system?
I should add that I do not currently have any other Chase cards besides the CSR.
Do I have to sign up for the Chase Sapphire Preferred card, then transfer the points from my CSR card to it, and then downgrade the CSR card? In that order? I don't mind a $95 annual fee, but $450 is a bit much. I'd like to keep my 40k points as i'm not ready to make any travel plans just yet and signing up for the CSP would net me another 50k points with their sign up bonus.
So I'm coming up on my 1 year anniversary with the CSR and I don't want to get hit with the $450 annual fee again. Obviously, I know I can call and switch the card to one with no annual fee - what happens to my CSR points if I were to switch to the freedom card? I have over 40k points still that I don't want to lose. Do I just lose them since the freedom card doesn't operate on the same points system?
I should add that I do not currently have any other Chase cards besides the CSR.
Do I have to sign up for the Chase Sapphire Preferred card, then transfer the points from my CSR card to it, and then downgrade the CSR card? In that order? I don't mind a $95 annual fee, but $450 is a bit much. I'd like to keep my 40k points as i'm not ready to make any travel plans just yet and signing up for the CSP would net me another 50k points with their sign up bonus.
So I'm coming up on my 1 year anniversary with the CSR and I don't want to get hit with the $450 annual fee again. Obviously, I know I can call and switch the card to one with no annual fee - what happens to my CSR points if I were to switch to the freedom card? I have over 40k points still that I don't want to lose. Do I just lose them since the freedom card doesn't operate on the same points system?
I should add that I do not currently have any other Chase cards besides the CSR.
Do I have to sign up for the Chase Sapphire Preferred card, then transfer the points from my CSR card to it, and then downgrade the CSR card? In that order? I don't mind a $95 annual fee, but $450 is a bit much. I'd like to keep my 40k points as i'm not ready to make any travel plans just yet and signing up for the CSP would net me another 50k points with their sign up bonus.
So I'm coming up on my 1 year anniversary with the CSR and I don't want to get hit with the $450 annual fee again. Obviously, I know I can call and switch the card to one with no annual fee - what happens to my CSR points if I were to switch to the freedom card? I have over 40k points still that I don't want to lose. Do I just lose them since the freedom card doesn't operate on the same points system?
I should add that I do not currently have any other Chase cards besides the CSR.
Do I have to sign up for the Chase Sapphire Preferred card, then transfer the points from my CSR card to it, and then downgrade the CSR card? In that order? I don't mind a $95 annual fee, but $450 is a bit much. I'd like to keep my 40k points as i'm not ready to make any travel plans just yet and signing up for the CSP would net me another 50k points with their sign up bonus.
So I'm coming up on my 1 year anniversary with the CSR and I don't want to get hit with the $450 annual fee again. Obviously, I know I can call and switch the card to one with no annual fee - what happens to my CSR points if I were to switch to the freedom card? I have over 40k points still that I don't want to lose. Do I just lose them since the freedom card doesn't operate on the same points system?
I should add that I do not currently have any other Chase cards besides the CSR.
Do I have to sign up for the Chase Sapphire Preferred card, then transfer the points from my CSR card to it, and then downgrade the CSR card? In that order? I don't mind a $95 annual fee, but $450 is a bit much. I'd like to keep my 40k points as i'm not ready to make any travel plans just yet and signing up for the CSP would net me another 50k points with their sign up bonus.
Chase Freedom is on the same points system as the CSR (Ultimate Rewards). You will still have all the same points, they just won't be worth 1.5x for travel anymore.
CSP is free to add an AU (you actually get 5k bonus points).
CSR is $75 per AU.
Thanks for the replies. I think I'm going to do what a couple people have suggested and apply for the CSP to get the sign up bonus, then transfer my UR points from the CSR to the CSP, and then downgrade the CSR to the freedom.
Chase just put out an internal notice that going forward people will be limited to ONE Sapphire card of any type. Example, if you have a CSR, you will not be allowed to add a CSP. In addition, you can only get one signup bonus for any Sapphire product within 24 months.
If you currently have two Sapphires and only want one now, you may want to consider just a product change to the plain no-annual-fee unadvertised Sapphire card. This would make it easier to change back to a CSR or CSP at a future date.
If you don't need to keep two Sapphire cards, you could change to the plain Sapphire, then call back and change to a Freedom or Freedom Unlimited (for some reason a direct PC from a CSR or CSP to a Freedom isn't allowed, but it is from plain Sapphire.)
Let me repeat one thing: Double dipping a CSR and CSP for the signup bonuses won't work anymore. You have to wait 24 months.
Chase just put out an internal notice that going forward people will be limited to ONE Sapphire card of any type. Example, if you have a CSR, you will not be allowed to add a CSP. In addition, you can only get one signup bonus for any Sapphire product within 24 months.
If you currently have two Sapphires and only want one now, you may want to consider just a product change to the plain no-annual-fee unadvertised Sapphire card. This would make it easier to change back to a CSR or CSP at a future date.
If you don't need to keep two Sapphire cards, you could change to the plain Sapphire, then call back and change to a Freedom or Freedom Unlimited (for some reason a direct PC from a CSR or CSP to a Freedom isn't allowed, but it is from plain Sapphire.)
Let me repeat one thing: Double dipping a CSR and CSP for the signup bonuses won't work anymore. You have to wait 24 months.
Chase just put out an internal notice that going forward people will be limited to ONE Sapphire card of any type. Example, if you have a CSR, you will not be allowed to add a CSP. In addition, you can only get one signup bonus for any Sapphire product within 24 months.
If you currently have two Sapphires and only want one now, you may want to consider just a product change to the plain no-annual-fee unadvertised Sapphire card. This would make it easier to change back to a CSR or CSP at a future date.
If you don't need to keep two Sapphire cards, you could change to the plain Sapphire, then call back and change to a Freedom or Freedom Unlimited (for some reason a direct PC from a CSR or CSP to a Freedom isn't allowed, but it is from plain Sapphire.)
Let me repeat one thing: Double dipping a CSR and CSP for the signup bonuses won't work anymore. You have to wait 24 months.
Man this sucks. I should have signed my wife up for the CSR card a few weeks ago but I was holding out thinking they'd up the bonus. Oh well at least they upped the southwest card which will give her a companion pass. Then I'll sign up for the Ink business card for the 80,000 points and then I'll be done with Chase. It was fun while it lasted. I still think in the long run this will cost chase business.
Yes, it'll cost them business but the business they don't want. The kind of people like me that get a cc maybe with a waived annual fee, meet the minimum spend, collect the bonus, use the benefits as much as possible and then cancel when the annual fee for the second year is due.
The business they want is someone who gets a card, collects the bonus and continues to use the card daily for several years while paying annual fee. Then 2+ years later maybe gets another card. That's where the money is.
Yep I'm also looking at the ink next and then... who knows? Not sure if it will really hurt business, as they are basically the only card issuer I have. Nobody else really has much to offer ... discover is ok but they basically only have one product.
Yep I'm also looking at the ink next and then... who knows? Not sure if it will really hurt business, as they are basically the only card issuer I have. Nobody else really has much to offer ... discover is ok but they basically only have one product.
There are a fair number of cards out there with a signup bonus around $500.
One of the most appealing at the moment is the Merrill+, already slated for dooo000m by mid-September (well, no new ones after that, they are keeping the program.) $500 on a $3k spend, or up to twice that on air travel.
Chase just put out an internal notice that going forward people will be limited to ONE Sapphire card of any type. Example, if you have a CSR, you will not be allowed to add a CSP. In addition, you can only get one signup bonus for any Sapphire product within 24 months.
If you currently have two Sapphires and only want one now, you may want to consider just a product change to the plain no-annual-fee unadvertised Sapphire card. This would make it easier to change back to a CSR or CSP at a future date.
If you don't need to keep two Sapphire cards, you could change to the plain Sapphire, then call back and change to a Freedom or Freedom Unlimited (for some reason a direct PC from a CSR or CSP to a Freedom isn't allowed, but it is from plain Sapphire.)
Let me repeat one thing: Double dipping a CSR and CSP for the signup bonuses won't work anymore. You have to wait 24 months.
Yep I'm also looking at the ink next and then... who knows? Not sure if it will really hurt business, as they are basically the only card issuer I have. Nobody else really has much to offer ... discover is ok but they basically only have one product.
There are a fair number of cards out there with a signup bonus around $500.
One of the most appealing at the moment is the Merrill+, already slated for dooo000m by mid-September (well, no new ones after that, they are keeping the program.) $500 on a $3k spend, or up to twice that on air travel.
That's good to know, which site do you use to check the best bonuses? It seems the one I use pushes mostly chase and some other cards with puddly bonuses, maybe because chase gives higher referrals
Yep I'm also looking at the ink next and then... who knows? Not sure if it will really hurt business, as they are basically the only card issuer I have. Nobody else really has much to offer ... discover is ok but they basically only have one product.
There are a fair number of cards out there with a signup bonus around $500.
One of the most appealing at the moment is the Merrill+, already slated for dooo000m by mid-September (well, no new ones after that, they are keeping the program.) $500 on a $3k spend, or up to twice that on air travel.
That's good to know, which site do you use to check the best bonuses? It seems the one I use pushes mostly chase and some other cards with puddly bonuses, maybe because chase gives higher referrals
Chase should have known that every churner in the world was going to sign up for this card, considering it was pretty much the best sign up offer of all time. It also doesn't help them that a very high percentage of the users of this card are "deadbeats", i.e., those that don't pay interest or late fees.
Yep I'm also looking at the ink next and then... who knows? Not sure if it will really hurt business, as they are basically the only card issuer I have. Nobody else really has much to offer ... discover is ok but they basically only have one product.
There are a fair number of cards out there with a signup bonus around $500.
One of the most appealing at the moment is the Merrill+, already slated for dooo000m by mid-September (well, no new ones after that, they are keeping the program.) $500 on a $3k spend, or up to twice that on air travel.
Thanks for this. Signed up for one today, because why not? Now I'm curious what the next-best one is...
Yep I'm also looking at the ink next and then... who knows? Not sure if it will really hurt business, as they are basically the only card issuer I have. Nobody else really has much to offer ... discover is ok but they basically only have one product.
There are a fair number of cards out there with a signup bonus around $500.
One of the most appealing at the moment is the Merrill+, already slated for dooo000m by mid-September (well, no new ones after that, they are keeping the program.) $500 on a $3k spend, or up to twice that on air travel.
Thanks for this. Signed up for one today, because why not? Now I'm curious what the next-best one is...
I'm keeping the card. I wrote about my experience with it on my blog...
https://thehotflashpacker.com/chase-sapphire-reserve-review/
I'm keeping the card. I wrote about my experience with it on my blog...
https://thehotflashpacker.com/chase-sapphire-reserve-review/
Thanks for the link!
FYI, new CSR cardholders do not have the travel credit reset per calendar year. It's tied to the renewal cycle instead.
I'm keeping the card. I wrote about my experience with it on my blog...
https://thehotflashpacker.com/chase-sapphire-reserve-review/
Thanks for the link!
FYI, new CSR cardholders do not have the travel credit reset per calendar year. It's tied to the renewal cycle instead.
I did not know this. Time to edit my blog post. Thanks!
Do you have to reactivate the priority pass every year? I'm canceling but my wife will keep hers for the 1.5x point bonus on travel. I wonder at what point my priority pass will stop working (or if it's immediate)
I'll have to run the numbers again, maybe it's not really worth it
I'm keeping the card. I wrote about my experience with it on my blog...
https://thehotflashpacker.com/chase-sapphire-reserve-review/
Thanks for the link!
FYI, new CSR cardholders do not have the travel credit reset per calendar year. It's tied to the renewal cycle instead.
I did not know this. Time to edit my blog post. Thanks!
Does this affect the preexisting cardholders in any way? For example, are we still on the calendar system or did they just move up the reset date to our card anniversary (which would give us an earlier opportunity to use it but could throw off our plans if we were planning based on the calendar year)
The CSR travel credit is very broad. Not just airline incidentals or tickets, it includes hotels, Uber, tolls, etc.
I didn't see this mentioned but may have missed it... Does anyone know the timeframe of when you have to downgrade to get the annual fee removed?
I downgraded recently and had my annual fee returned (pro-rated). I got about 1/5 of it back.
It was about 4/5 of a year ago.
I called to downgrade my account before the first anniversary and got a prorated refund of the $450. It actually seems slightly more generous, as they prorated it back to the end of last month by my calculations, so I didn't get charged for October membership even though I had it more than half the month. I went with the Chase Freedom card. I didn't like that I'm missing the new sign up bonus for the freedom, but I didn't want to close the CSR account, I just wanted an account with no annual fee. I also applied for the Chase Freedom about 9-10 months ago but was denied, so I don't know if I'm eligible to open new chase accounts or not. I'm not planning to open any new chase accounts right now.
My wife however is probably eligible for another Chase account and is going to need to cancel/downgrade her CSR asap. I'd rather her sign up for the chase freedom and get the sign up bonus (plus we will actually use the chase freedom for the rotating 5% categories) and transfer her account to something else, like the freedom unlimited. The freedom unlimited seems useless though with only 1.5% cash back. Every purchase either falls into a high reward category for some other card, or worst case I have the citi 2% cash back card, so we will never use the 1.5% cash back unlimited card.
Should she transfer her CSR into an unlimited and then complete a new application for the freedom card? Or should she apply for the freedom card first, then call to transfer her CSR to the unlimited? Or is there an even better option that I'm not thinking of right now?
EDIT: I was under the impression the sign up bonus was greater for the freedom vs the unlimited, but it looks like they are both $150 when you spend $500, so I guess it doesn't matter which one she gets the bonus on.
I would product change to a no-fee card and forgo getting a relatively small $150 bonus by getting the card directly. That's because I wouldn't want to use up one of my 5/24 slots on a $150 bonus card.
I would product change to a no-fee card and forgo getting a relatively small $150 bonus by getting the card directly. That's because I wouldn't want to use up one of my 5/24 slots on a $150 bonus card.
That would make sense if you want the Freedom or Freedom Unlimited and would get benefit out of their reward structure.
Otherwise, parking it as a Sapphire is no-fee, and leaves the option open to get a F or FU bonus at a later date if it becomes attractive.
I would product change to a no-fee card and forgo getting a relatively small $150 bonus by getting the card directly. That's because I wouldn't want to use up one of my 5/24 slots on a $150 bonus card.
That would make sense if you want the Freedom or Freedom Unlimited and would get benefit out of their reward structure.
Otherwise, parking it as a Sapphire is no-fee, and leaves the option open to get a F or FU bonus at a later date if it becomes attractive.
I've got like 5 accounts already open with Chase, so I was planning to just cancel. My CSR application had to be reviewed before approval. Anyone have more accounts or evidence that doesn't affect anything?
I would product change to a no-fee card and forgo getting a relatively small $150 bonus by getting the card directly. That's because I wouldn't want to use up one of my 5/24 slots on a $150 bonus card.
That would make sense if you want the Freedom or Freedom Unlimited and would get benefit out of their reward structure.
Otherwise, parking it as a Sapphire is no-fee, and leaves the option open to get a F or FU bonus at a later date if it becomes attractive.
I've got like 5 accounts already open with Chase, so I was planning to just cancel. My CSR application had to be reviewed before approval. Anyone have more accounts or evidence that doesn't affect anything?
If it matters, you could transfer the credit limit to another card before you cancel. You can also ask if they have any retention offers for you.
I called to downgrade my account before the first anniversary and got a prorated refund of the $450. It actually seems slightly more generous, as they prorated it back to the end of last month by my calculations, so I didn't get charged for October membership even though I had it more than half the month.
I called to downgrade my account before the first anniversary and got a prorated refund of the $450. It actually seems slightly more generous, as they prorated it back to the end of last month by my calculations, so I didn't get charged for October membership even though I had it more than half the month.
I cancelled today with one month remaining before first anniversary. The rep didn't say anything about a refund. Did you have to ask for that?
I called to downgrade my account before the first anniversary and got a prorated refund of the $450. It actually seems slightly more generous, as they prorated it back to the end of last month by my calculations, so I didn't get charged for October membership even though I had it more than half the month.
I cancelled today with one month remaining before first anniversary. The rep didn't say anything about a refund. Did you have to ask for that?
I product changed my Preferred to Freedom Unlimited and they didn't mention a fee refund either, but a prorated refund appeared in my account shortly thereafter.
Will purchases of $300 Southwest Gift Cards count as travel spending for the annual $300 reimbursement?
If so, that is the last purchase I'll be making on my CSR after the December statement closes before cancelling the card.
Will purchases of $300 Southwest Gift Cards count as travel spending for the annual $300 reimbursement?
If so, that is the last purchase I'll be making on my CSR after the December statement closes before cancelling the card.
It should if you buy it from Southwest. It won't work if you buy from grocery store, etc.
We've got 2x Chase Reserves and an Ink Business Preferred between DH and I.
Will I be able to consolidate the Rewards points from all (3) cards onto (1) Chase Reserve? I unsure if it is good timing to use up all the bonus points accumulated (~300k once the last bonus hits). I'm wondering if I should bite the bullet and pay the $450 annual fee to carry over the points and 1.5x adder through Mar 2019.
We've got 2x Chase Reserves and an Ink Business Preferred between DH and I.
Will I be able to consolidate the Rewards points from all (3) cards onto (1) Chase Reserve? I unsure if it is good timing to use up all the bonus points accumulated (~300k once the last bonus hits). I'm wondering if I should bite the bullet and pay the $450 annual fee to carry over the points and 1.5x adder through Mar 2019.
Not sure if you can more UR points from Ink to another card ('cuase I don't have a business) although I think "yes". You can move CSR to your spouse and other UR earning cards. You could also transfer them to a partner airline before you close the account.
We've got 2x Chase Reserves and an Ink Business Preferred between DH and I.
Will I be able to consolidate the Rewards points from all (3) cards onto (1) Chase Reserve? I unsure if it is good timing to use up all the bonus points accumulated (~300k once the last bonus hits). I'm wondering if I should bite the bullet and pay the $450 annual fee to carry over the points and 1.5x adder through Mar 2019.
Not sure if you can more UR points from Ink to another card ('cuase I don't have a business) although I think "yes". You can move CSR to your spouse and other UR earning cards. You could also transfer them to a partner airline before you close the account.
As I understand it, UR points can be moved between any cards that offer UR points.
We've got 2x Chase Reserves and an Ink Business Preferred between DH and I.
Will I be able to consolidate the Rewards points from all (3) cards onto (1) Chase Reserve? I unsure if it is good timing to use up all the bonus points accumulated (~300k once the last bonus hits). I'm wondering if I should bite the bullet and pay the $450 annual fee to carry over the points and 1.5x adder through Mar 2019.
Not sure if you can more UR points from Ink to another card ('cuase I don't have a business) although I think "yes". You can move CSR to your spouse and other UR earning cards. You could also transfer them to a partner airline before you close the account.
As I understand it, UR points can be moved between any cards that offer UR points.
But then they won't be worth 1.5x when redeemed for travel, correct? For example, with the Chase Freedom cards they would only redeem at 1.0x.
My boyfriend's CSR annual fee hits in January I think. Can we book a flight to use the rest of his points then downgrade the card before the flight?
My boyfriend's CSR annual fee hits in January I think. Can we book a flight to use the rest of his points then downgrade the card before the flight?
I don't see why that would be a problem; the flight is bought and paid for at that point.
I'm finally at only 2/24!! I'll be applying to CSR and CSP in the same day since they made the rule where you can't get both. Rent is 1k so that will cover at least 3k of the requirement so spending 8k shouldn't be too bad...
I'm finally at only 2/24!! I'll be applying to CSR and CSP in the same day since they made the rule where you can't get both. Rent is 1k so that will cover at least 3k of the requirement so spending 8k shouldn't be too bad...
If you can't get both bonuses, does applying for them in the same day circumvent that rule? First time I've heard of this exception, but interesting if true.
Does your landlord/property manager accept CC payment?
Yep, there are numerous people who have gotten both cards by applying in the same day. Usually by applying for one in the morning, calling recon if not immediately approved, then applying for the second in the afternoon and calling recon again if needed. Only on days recon is open of course, it's not 24/7. Some don't call recon and still get both. It's not 100% for sure guaranteed, but I won't complain too much about only getting one.
My apartment takes credit cards as payment with no fees! I have a roommate but he agreed that I can pay the full rent with him reimbursing me.
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Yep, there are numerous people who have gotten both cards by applying in the same day. Usually by applying for one in the morning, calling recon if not immediately approved, then applying for the second in the afternoon and calling recon again if needed. Only on days recon is open of course, it's not 24/7. Some don't call recon and still get both. It's not 100% for sure guaranteed, but I won't complain too much about only getting one.
My apartment takes credit cards as payment with no fees! I have a roommate but he agreed that I can pay the full rent with him reimbursing me.
Sweet deal!
Does it matter in which order you apply?
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Yep, there are numerous people who have gotten both cards by applying in the same day. Usually by applying for one in the morning, calling recon if not immediately approved, then applying for the second in the afternoon and calling recon again if needed. Only on days recon is open of course, it's not 24/7. Some don't call recon and still get both. It's not 100% for sure guaranteed, but I won't complain too much about only getting one.
My apartment takes credit cards as payment with no fees! I have a roommate but he agreed that I can pay the full rent with him reimbursing me.
Sweet deal!
Does it matter in which order you apply?
I just got approved for this card yesterday (CSR), showing up in the mail today.
My question: The branch said the $300 travel credit renews on a calendar basis, yet an earlier post here from the last few days says it's tied to the card anniversary now for new cardholders.
I was hoping I'd get the $300 credit twice, buying southwest gift cards to keep the first $300 before Dec 31st. Can someone confirm this?
I just got approved for this card yesterday (CSR), showing up in the mail today.
My question: The branch said the $300 travel credit renews on a calendar basis, yet an earlier post here from the last few days says it's tied to the card anniversary now for new cardholders.
I was hoping I'd get the $300 credit twice, buying southwest gift cards to keep the first $300 before Dec 31st. Can someone confirm this?
Your branch gave you out of date info. The calendar year changed to anniversary ~May 2017. That loophole is gone. If you look at the fine print that came with the card you can confirm.
Does anyone know if Nat'l Park passes code as travel purchase? Trying to use up the second $300 travel credit before closing.
Well, I canceled. Jerks told me the annual fee would be refunded, so I paid my balance minus 450, got hit with an interest charge. Kinda dumb on my part but I didn't want to hassle with asking them to send me a check once the refund posted. They refused to reverse the interest and told me it could take a couple billing cycles to get the refund... just a heads up.
I'm still curious if I could have waited until 2018, used the travel credit, then gotten a prorated refund and come out ahead -- someone try this and let me know!
Just got the Amex Platinum with 100k signup bonus, so I gotta $5k spend. Compared to the CSR, the points aren't worth as much - maybe $1k in travel or crappy gift cards, but only $600-$700 in cash/amazon.
The $200 airline fee credit (I believe this can be doubled up 2017/2018) is only for a small set of airlines, and it's just fees like baggage so... uh yeah. Maybe I done messed up. You have to choose a specific airline in advance, once per year, unlike the CSR which automatically applies to all travel.
The $15/mo UBER credit looks like a nice perk since I can use it on UberEats for perhaps one "free" entree per month.
Right now there's a promotion on your cable bill - 10% off. Works for me.
Lounge perks look better - Priority Pass plus some other lounges.
Lots of other little benefits that I probably won't use - hotel status, free wifi hotspot, free shoprunner 2-day shipping (actually I might use this around the holidays and with baby stuff)
Global entry will be nice because I already signed up using the CSR, wife used her CSR, and now we gotta get one for baby (first world problems)
5x points on travel, but crappy points on everything else
No international fees, but I'm not sure anyone takes amex in the places I go.
Does anyone know if Nat'l Park passes code as travel purchase? Trying to use up the second $300 travel credit before closing.
I think you are in the wrong thread (there’s a southwest one), but the CP is based on when points are awarded, and actually hit your SW accountThis is the thread I first learned about the Companion Pass (sporadic discussion throughout). Will try to find the Southwest thread as well.
I think you are in the wrong thread (there’s a southwest one), but the CP is based on when points are awarded, and actually hit your SW accountThis is the thread I first learned about the Companion Pass (sporadic discussion throughout). Will try to find the Southwest thread as well.
Thanks for the promising info. I'll believe it when I see it, but looks like I still have a shot at the CP.
I'm sure this may have been answered in this thread...but not sure i feel like looking for it..
Will a condo rental through VRBO.com be coded as "travel" so i get that $300 travel credit? Does anybody have any experience with VRBO and the travel credit?