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@Green456 wrote:
Wife wants Chase Sapphire Reserved. Setting aside my personal dislike towards Chase, is the card worth it for us?
We will spend this year $5,000 on travel. Next year probably similar amount.
We can put additional spending of about $1,000 per month.
So total $17,000 per year.
pure value wise, not for 5000 spending on travel alone. unless you
1. assign large value on lounge access/free airport food, and/or
2. have other chase cards whose points can be redeemed for travel at 150% value
How much of the additional $1k/month is dining? CSR is nothing special outside of travel and dining.
I like mine, but I spend more on travel and use CFU often.
*For the travel spend, any favored hotel or airline?
@Anonymous wrote:
@Green456 wrote:
Wife wants Chase Sapphire Reserved. Setting aside my personal dislike towards Chase, is the card worth it for us?
We will spend this year $5,000 on travel. Next year probably similar amount.
We can put additional spending of about $1,000 per month.
So total $17,000 per year.pure value wise, not for 5000 spending on travel alone. unless you
1. assign large value on lounge access/free airport food, and/or2. have other chase cards whose points can be redeemed for travel at 150% value
She is 0/24. So she can potentially get 4 chase cards.
$5000 on travel
$10,000 on non travel
$2000 on dining.
What is point redeem value on Chase portal?
@Green456 wrote:
Wife wants Chase Sapphire Reserved. Setting aside my personal dislike towards Chase, is the card worth it for us?
We will spend this year $5,000 on travel. Next year probably similar amount.
We can put additional spending of about $1,000 per month.
So total $17,000 per year.
Yes it's worth it. You get a $300 credit, making the annual fee $150.
$4700 x 3% = $141, meaning just the travel component makes the card essentially free.
There's also lounge access, various travel protection including primary rental car coverage, etc. That's not even taking into account that the SUB will pay the annual fee for 3+ years even if you value the points at $0.01 each.
@Green456 wrote:
@Anonymous wrote:
@Green456 wrote:
Wife wants Chase Sapphire Reserved. Setting aside my personal dislike towards Chase, is the card worth it for us?
We will spend this year $5,000 on travel. Next year probably similar amount.
We can put additional spending of about $1,000 per month.
So total $17,000 per year.pure value wise, not for 5000 spending on travel alone. unless you
1. assign large value on lounge access/free airport food, and/or2. have other chase cards whose points can be redeemed for travel at 150% value
She is 0/24. So she can potentially get 4 chase cards.
$5000 on travel
$10,000 on non travel
$2000 on dining.
What is point redeem value on Chase portal?
1.5cpp (lowest price not guranteed).
10000x2.25
7000x4.5
-------------------
total $540
return: (540-150)/17000=2.3%, not a great return.
Again, CSR's lounge free food can value 20 per visit for two at least. So 2 to 3 trips can net you 100.
If you get her freedom, and try to get its 5% category (7.5% with CSR), it will increase value as well.
I wouldn't call PP wortheless. They do have presence in many large airport in US.
@Anonymous wrote:I wouldn't call PP wortheless. They do have presence in many large airport in US.
Yes they do have many lounges in the US, but gaining access to them is a crapshoot. Very limited hours that most lounges accept PP guests. They are often closed to PP because of space constraints.
I wouldn’t assign much value to PP unless you can utilize the restaurant options or travel internationally.
As always YMMV but this has been my experience and I see daily posts about this issue in the travel groups I belong too.