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re: Credit Card Rewards and Points Discussion

Posted on 10/21/20 at 4:57 pm to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423365 posts
Posted on 10/21/20 at 4:57 pm to
I'm itching to add some cards

I really wanna pull the trigger on the Amex Blue Cash Preferred® Card. $250 cash back + no annual fee the first year then 6% on streaming and grocery stores. I'd have to spend about 1,583.65 on the 6% category to break even every year and I think that's easily do-able.

I see Chase has some new flex card. No annual fee. $200 back. Don't see many good cash-rewards for Chase right now so might as well get the free $200.

Other than the incredible initial reward of $800.00, somebody needs to sell me on the Saphhire Rewards for $95/year. They don't have any really good cats for point returns. Do they change categories? I can justify the $95/year for the AMEX b/c of 6% returns but Chase is skimpy
Posted by rintintin
Life is Life
Member since Nov 2008
16195 posts
Posted on 10/22/20 at 9:06 am to
quote:

Other than the incredible initial reward of $800.00, somebody needs to sell me on the Saphhire Rewards for $95/year.


If you travel, Saphire Reserve points are worth double for anything travel related.

IMO, they have by far the best overall redemption rate for flights, hotels, and rental cars (unless you only fly business or 1st class).

I've flown to Spain, Vietnam, Japan, to name a few for a ridiculously low amount of Chase points.

My best bang for my buck to this day is renting a car in Spain for 3 weeks for what amounted to $50 in points through the Chase portal. I thought it was a misprint or a bait and switch, but sure enough it was correct.

Actually, I did that entire 3 week trip on just the 100,000 bonus I received for the Reserve.
Posted by Teddy Ruxpin
Member since Oct 2006
39602 posts
Posted on 10/22/20 at 10:28 am to
It is somewhat likely CSP and CSR will be revamped very soon. With the larger credit market and Chase's improvements to Freedom by creating Freedom Flex and Freedom Unlimited by adding 3x dining, the Sapphires doesn't make sense as a spending card.
This post was edited on 10/22/20 at 10:29 am
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