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b-rab2
LSU Fan
Lafayette
Member since Dec 2005
10435 posts
Online

Chase Sapphire Preferred

Anyone have one? Is it worth it? What other CC should I look at upgrading to?

This post was edited on 1/16 at 9:27 pm



BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
43118 posts

re: Chase Sapphire Preferred
What is important to you in a credit card?

Where do you spend the most of your money and what kind of rewards do you want?


b-rab2
LSU Fan
Lafayette
Member since Dec 2005
10435 posts
Online

re: Chase Sapphire Preferred
I put everything on my CC. Mostly gas, dining, and groceries. I really want to maximize my rewards to be the beneficial to me


BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
43118 posts

re: Chase Sapphire Preferred
I would probably go with Amex Blue Cash Preferred

And then a Citi Forward for restaurants and places that don't take Amex


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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
5168 posts

re: Chase Sapphire Preferred
I think it's worth it for 40,000 point bonus alone....

That's $400 cash reward, or like $520 if you use it for travel...

The points aren't stellar other than that though, 1% on everything, 2% on dining and travel.

Make sure to cancel or get the fee waived after the initial year though.


b-rab2
LSU Fan
Lafayette
Member since Dec 2005
10435 posts
Online

re: Chase Sapphire Preferred
I'm with capital one right now , do they have any decent cards to look at?


jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
5168 posts

re: Chase Sapphire Preferred


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Croacka
UNLV Fan
Denham Springs
Member since Dec 2008
56577 posts
Online

re: Chase Sapphire Preferred
Amex blue cash preferred for groceries

penfed platinum for gas

Citi forward for restaurants and amazon


Those are the three I use


lynxcat
Rutgers Fan
Member since Jan 2008
15199 posts
Online

re: Chase Sapphire Preferred
I just switched to the AMEX Blue Sky Preferred.

Earn 2 points for every dollar you spend at a restaurant.

Every 7500 points is redeemable for $100 credit for travel related expenses.

Most programs are 10,000 points = $100, so this is a significant increase for me.

I was tired of getting 1 pt per dollar at SPG, even though they have the 20,000 points to 25,000 SkyMiles deal.

I travel way too much for work and probably eat out for 90% of my meals (wish I didn't have to), so the 2 pts for restaurants is a big win.

I literally told the CSR: "I have been with AMEX for awhile, I want to see how you value me as a customer. I am considering switching to Chase Sapphire Preferred...here are my reasons...what can you do to keep me at AMEX".

She offered me a 15,000 pt promo for the Blue Sky Preferred, but I turned it down so that I could keep my credit line the same (didn't want to change card numbers and end a 4+ year line of credit).

AMEX also has kickass customer service and customer protection. I am very much a brand ambassador for the company.
This post was edited on 1/15 at 11:13 pm


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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
22340 posts
Online

re: Chase Sapphire Preferred
quote:

I'm with capital one right now , do they have any decent cards to look at?


I think its wildly held their best card is Capital One Venture Card.

I just got one, 10,000 points if you spend like 1,500 in first 3 months (easy) and 2 points on every purchase no matter what it is.

I am looking forward to a long and fruitful partnership.

Some cards, like lynx's above, don't have as great broad based rewards and make up for in other places (like a better dollar per point ratio as he mentioned), or offer just as good rewards on certain segments, but you have to see if it will work for you. If you spend money everywhere, I think the card I mentioned is a good one, but I recommend doing your homework if you have spending habits that group around certain items, as some cards may offer 3X for that type of purchase.

Prepare to do a little math if you really want the best card for you.
This post was edited on 1/16 at 12:19 am


lynxcat
Rutgers Fan
Member since Jan 2008
15199 posts
Online

re: Chase Sapphire Preferred
What can 10,000 Venture points be redeemed for?

If it is for $100, then I need to reconsider my AMEX.


LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
5576 posts

re: Chase Sapphire Preferred
I have the Chase Ink Cash Business card- almost all the same perks of the sapphire except the 7% dividend, and no annual fee. Right now you only get $200 cash back for applying. The travel rewards aren't quite as good either, so if you want it for that, you might go Sapphire. I just use it for cash back.


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polizei11
LSU Fan
Lafayette
Member since May 2009
1012 posts
Online

re: Chase Sapphire Preferred
I have the Chase Sapphire Preferred card.

2 pts on Dining and Travel, 1 pt everything else.

Got the card in November and have 49,927 pts before the January statement. I will mainly use the rewards to travel. So far I really like the card... great customer service - you always talk to a human being when you call and little to no wait time. The card is metal so its got some weight to it - I get a lot of "woah that is one heavy card? or what is this made of?"

I use the Chase Rewards mall quite often. Bought a laptop for Christmas and got 2 extra points/$. My girlfriend has the same card and buys her makeup online at 8 extra pts/$. We've been trying to maximize our point return with the Rewards mall and it has been working out well so far.


Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
22340 posts
Online

re: Chase Sapphire Preferred
Lynx, 10,000 points is worth $100 in travel. For other stuff I have to look to make sure because I got this card specifically for travel rewards.

Looks like for non travel reimbursement you are looking at a 1 to 2 relationship.

So 10,000 for travel is worth $100
10,000 for say, a check made out to you or credit on account = $50.

Then of course, there are rewards for merchandise and stuff but I'd never use the rewards for that.
This post was edited on 1/16 at 9:19 am


jimithing11
Texas Fan
Dillon, Texas
Member since Mar 2011
20063 posts
Online

re: Chase Sapphire Preferred
quote:

Make sure to cancel or get the fee waived after the initial year though.



How do you get the fee waived?


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lynxcat
Rutgers Fan
Member since Jan 2008
15199 posts
Online

re: Chase Sapphire Preferred
quote:

Lynx, 10,000 points is worth $100 in travel. For other stuff I have to look to make sure because I got this card specifically for travel rewards.

Looks like for non travel reimbursement you are looking at a 1 to 2 relationship.

So 10,000 for travel is worth $100
10,000 for say, a check made out to you or credit on account = $50.

Then of course, there are rewards for merchandise and stuff but I'd never use the rewards for that.


Looks like my Sky Preferred still suits me well then. The Sapphire Preferred is very tempting though...

I have thought of switching to a no annual fee AMEX just to keep my credit line open and then getting the Sapphire Preferred. I am trying to be very careful with my credit score right now.


Hammond Tiger Fan
Vanderbilt Fan
Hammond
Member since Oct 2007
13127 posts

re: Chase Sapphire Preferred
So, which is better?

Chase Sapphire Preferred or the Capital One Venture Card?

I'm looking at both of these cards. I also charge all my expenses (gas, groceries, some bills, misc. spending, etc) on the card and pay it off every month. We mainly use our rewards on airfaire or hotel stays.
This post was edited on 1/16 at 2:33 pm


b-rab2
LSU Fan
Lafayette
Member since Dec 2005
10435 posts
Online

re: Chase Sapphire Preferred
Update: went with the capital one venture card. I upgraded from the platinum and they transferred all my points over to my new card


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LSU6262
LSU Fan
Member since Jun 2008
2454 posts

re: Chase Sapphire Preferred
Ink Cash

Earn 5% cash back on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services.

Earn 2% cash back on the first $25,000 spent annually at gas stations and restaurants..

Also earn 1% cash back on all other card purchases - with no limit to the amount you can earn.


BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
43118 posts

re: Chase Sapphire Preferred
Isn't ink a business only card?


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