Chase Saphire Rewards Question

Anonymous · ‎02-06-2017

Am I understanding right. If you redeem for travel it is basically a 4% card and cash it is a 2% cash back card? Or is it 2% and 1% respectively.

Sorry for my brain. I can't think right now

Noctilum · ‎02-07-2017

If you redeem for just cash back it is based on your earn rate. 3% for travel and dining, 1% for everything else.
If you redeem for travel those points are multiplied by 1.5%, so travel and dining are worth 4.5% and everything else is 2.5%.

longtimelurker · ‎02-07-2017

@Corvidae wrote:
If you redeem for just cash back it is based on your earn rate. 3% for travel and dining, 1% for everything else.
If you redeem for travel those points are multiplied by 1.5%, so travel and dining are worth 4.5% and everything else is 2.5%.

Which would be great, but 1 x 1.5 = 1.5. So if you go through Chase for travel, it's 4.5% on dining/travel, 1.5% everything else. By transferring points, you can potentially do much better.

yfan · ‎02-07-2017

Actually, 1x1.5 is 1.5. ;-)

NRB525 · ‎02-07-2017

OP, are you asking about the

Chase Sapphire Preferred, which gets 2 UR points travel and dining (3% effective) and 1 UR everywhere else (1.5% effective)

or

Chase Sapphire Reserve, which gets 3 UR points travel and dining (4.5% effective and 1 UR everywhere else (1.5% effective)

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

longtimelurker · ‎02-07-2017

@NRB525 wrote:
OP, are you asking about the

Chase Sapphire Preferred, which gets 2 UR points travel and dining (3% effective) and 1 UR everywhere else (1.5% effective)

or

Chase Sapphire Reserve, which gets 3 UR points travel and dining (4.5% effective and 1 UR everywhere else (1.5% effective)

Good catch, but if it is the CSP, that has the 1.25 enhancement, so it is 2.5% on travel/dining, 1.25% elsewhere (unless you also have the CSR)

techiegirl · ‎02-07-2017

I have the Freedom, the Freedom Unlimited and the CSP (now converted to the CS) and I was just approved for the CSR. If I transfer all my points from the other cards to my CSR, is it still 50% extra redemption?

FICO: EQ - 809 TU- 808 EX - 797

longtimelurker · ‎02-07-2017

@techiegirl wrote:
I have the Freedom, the Freedom Unlimited and the CSP (now converted to the CS) and I was just approved for the CSR. If I transfer all my points from the other cards to my CSR, is it still 50% extra redemption?

Yes, all that matters is where the points end up, not where they came from, so once they are in your CSR bucket, they get 50% extra

Anonymous · ‎02-07-2017

This is why it is confusing to me. Thx for all the replies. Shouldn't cards be easy to figure out your rewards? Trying to decide if it is such a great card as everyone seems to think it is, and if I want to have it on my list when I get below the 5/24.

DeeBee78 · ‎02-07-2017

@Anonymous wrote:
This is why it is confusing to me. Thx for all the replies. Shouldn't cards be easy to figure out your rewards? Trying to decide if it is such a great card as everyone seems to think it is, and if I want to have it on my list when I get below the 5/24.

There's no benefit to the bank to make the rewards simple to figure out. The less you redeem them for, the less it costs them. Personally, I haven't gotten into reward points for traveling yet, but I am about to.