Chase Sapphire Preferred Review: Worth $95?! | CSP Ultimate Guide 2023
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- čas přidán 30. 06. 2024
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Chase Sapphire Preferred review and ultimate guide. Is the CSP worth the $95 annual fee?
Timeline
0:00 Start Here
0:33 Chase Sapphire Preferred Credit Card Review
2:40 Value of Chase Ultimate Rewards
5:34 Chase Travel Worth It? Examples
11:49 Optimal Strategy
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IMO the CSP is the perfect entry travel credit card.
Low AF
No FTF
Good sub
Decent multipliers
Excellent travel protections
Primary auto CDW
Most importantly,
its a metal card 😎
Been working on my credit these past years and finally hit 700s and just got approved for CSP with $16,700 and couldn’t be happier. Capital one has me in that low tier and won’t give me more than $2,200. Still can’t believe I got this much. Thanks for the info you provided!
🏀 Sebby, I hope you never give up making these videos. I count on your insight and knowledge on a constant basis when traveling. I love my CSP! The primary CDW makes it well worth it for me.
I enjoy your videos, I sub to several creditcard gurus but yours is so easy to understand, comical and fun to listen to.
🏀 Great rundown! I love my CSP. I easily get a ton of value out of it for an effective $45 annual fee. While I dislike portals, I’ll use it one time for the hotel credit and I loveee their transfer partners (big United, Hyatt and Marriott user). I also use doordash regularly, use the 3x grocery in person Kroger hack and surprisingly my Apple iCloud storage is even considered 3x streaming by chase. The one thing that would be cool to see though is them move the online grocery category into a real grocery category and 1 or 2 one-time passes to the Chase Sapphire airport lounges. Thanks Sebby!
🏀I think the CSP is a great card, especially for people adverse to high AFs. Just wish it got at least 1 Chase Sapphire Lounge visit
My understanding is all PP members will get 1 free visit and then they have to pay unless they have PP through the CSR.
@@maxlrubenstein But there is no PP benefit to the CSP. Going back to the original comment, I think it might be interesting for Chase to do that "one visit a year" thing like with the Priority Pass -- give people a taste of something and they might want more. If they never get a chance to go, they won't know what they are missing and would be less likely to upgrade to CSR.
@@ziggy29 ahhh my bad. I get PP from a couple diff cards so I didn’t realize it didn’t come with the CSP. It seems like PP comes with most travel cards so ya that’s an omission if it doesn’t come with the CSP and they don’t give you one visit for having the CSP. Makes sense what you’re saying now and I totally agree.
Exactly!
@@maxlrubenstein You aren't going to get a card with substantial lounge access for much less than $400. To my knowledge, the lowest fee card that offers PP is the Venture X ($395 AF).
🏀 Thanks - always great information.
Perfect timing. I just got the CSP with the 90k SUB. Thanks for the review!
🏀 would love a video on upgrading from csp to csr or just downgrading and getting a new csr
I used my CSP points to rent a car in Trinidad last October and used the CDW. Very useful card.😊
🏀 Great guide on the CSP Sebby! I especially liked the "scorched earth 🌋" Amex reference. 😅
Thanks for the video!🏀
The CSP will always be worth it for me. I pretty much just use it to transfer my points to Chase’s Travel Partners but the value you get is absolutely crazy! The $50 hotel credit also helps as well. I would just say this card isn’t worth it for the people who don’t really travel.. Great video Sebby! 🙌🏻
🏀 great video I watch all the way through
🏀 Love the content thank you!
🏀 Yet another great video, Sebby. I have learned so much from you. Thank you. I love the CSP. I have used the annual hotel credit. I have also transferred Chase UR points to Hyatt and received great value. I have used the Chase travel portal many times and have found it to be on par or cheaper than booking direct with the hotels and airlines I have used. I do not carry the card in my wallet, but the low annual fee and benefits definitely make it worth it for me. I am seriously considering upgrading the Sapphire Reserve as I plan to do more traveling in the near future; however, I do also have the AMEX Platinum card. Not sure I need two premium travel cards. Not traveling that much...yet.
I love the Chase Sapphire Preferred. I’ve only had it for a few months but the value I’ve already gotten from the card far exceeds the $95 annual fee. It’s a great card for anyone looking for their first lower cost travel card.
You're describing me at 12:50 I have a pretty solid cash-back setup and recently got the CSP because I do take an occasional trip. I think that even with one or two weekend adventures per year, this card will pay for itself and then some. I have the CFF earning 5x on the rotating categories and 3x at drug stores paired with the CSP for 3.1x dining (when I'm not getting more from a different card, like the Disco paying 5% dining this quarter) and as a points multiplier and for travel expenses. It is the jewel of my card collection even if it won't actually get that many swipes compared to other cards. 🏀
I am glad Sebby brought up the fact of being careful of cheaper rates on Google. As someone in the industry you see it a lot, where people book it but these sites tack on dumb fees and in the end it actually costs more than booking through other sites.
I just got mine. I like it so far. I spent over 70 nights in hotels last year and was declined for a Bonvoy boundless. ☹️ Hopefully this will be useful. 😊 🏀
I always find that hotels are more expensive through the Chase portal, but flights are usually a bit less than booking directly. I also love all the coverage and peace of mind the CSR provides (among other benefits). If they expand their lounge feature, I can see staying with them for many more years. The one feature where I don’t find any real value is their Luxury Hotel and Resort Collection. All in all, I still find CSR a great value.
Great video 🏀
🏀 Thank you for the good content
🏀 going to Europe with round-trip flight + hotels all paid for with UR points!
Got the CSP first years ago (through your video & consultation Sebby!), upgraded to CSR, downgraded to CFF, and now have another CSR to use redeem the points! Thanks for all that you do!!
Can you do the 2023 version of CSR next??
🏀🏀🏀Helpful overview, thanks!
One thing I love about the CSP is the 15k bonus points for every referral. Given that it’s such a great starter travel card, I have no issues getting a handful of referrals every year
🏀 Great Video
🏀 awesome video
I love the Chase trifecta with the CSP paired with the Hilton Honors American Express Surpass for lounge access. The 10 lounge visits are more than enough for my wife and I who only travel 2 times a year. Total card cost of $190 annually.
🏀 I’ve had the CSP for a few years now. I got it during one of the 80k bonuses. For me it’s worth it, especially if you have other chase cards that rack up points and then use the CSP to get the 25% bonus. If I could tweak the card a bit, I would change the 3X on online grocery shopping to 3X for grocery shopping in general. This would make it a keeper card for me, instead I’ll just downgrade it in a few year and apply for the CSR 🤷🏾♂️
🏀 Learning & and trying to figure out my card setup for the near future
🏀 One of the biggest benefits of running the Chase setup as a younger person is the ability to product change between the CSP/CSR and the Freedoms. We can try out the perks of each card without committing to paying an annual fee every year or canceling a card 🏀
🏀 Thx for this video. I was just approved for the CSP in branch today. I have a couple stateside trips this yr & out of country next yr; I'm excited for the SUB & really utilizing them to max potential. 14:31
Congrats!
🏀great video
🏀just got approved in branch today!! Can’t wait to get it in the mail.
Thanks for the info! Is there a round about date for when chase will stop the 80/90k sub? I’ve heard end of June. But nothing for sure
You’re the only CZcamsr I’ve heard mention Instacart which I believe is an underrated benefit.
🏀 I have the CSP and CFU. My CFU is my everyday card and just move my points once a month to the CSP. Banking my points for flights to Mexico next year for my wife and I.
So far, so good, using the CSP. The family is trying to save for a Disney trip. 🏀🏀
I have the Amex trifecta and use Amex daily, I got the chase preferred for when I’m outside the US and still want to make points when going to restaurants,bars etc. I also transfer my points to fly blue which I do the same for Amex.
Useful information thank you! I do have one question, I use this card to book through a travel agent. will the travel insurance still be legit?
🏀 I am thinking of upgrading my CSP to a CSR... travel to Boston every year (no guests with my VX PP!) And get to visit westward whiskey at my home airport... with the Boston Sapphire lounge and many more on the way might be a good tome to do a is the CSR worth it in 2023! It definitely wasnt in 2022! Haha. C1 taking away restaurants helped Chase out.
🏀 It’s been pretty good for me so far.
I started with Amex Delta platinum. I will probably keep that for the free checked bags and companion ticket but I’ve been moving away from that card to CSP and Capital 1 VX. Lounge access is fairly important to me and I’m hoping that the CAPITAL 1 lounge in Denver will be worth it. If Chase had a lounge in Denver I’d probably upgrade to CSR.
I’ve been to the C1 Lounge at DFW and it is very well worth it. The food and service are top notch. And the ambience is relaxing and not overwhelming even when the lounge is crowded. I can wait for their DEN lounge to open.
Hyatt is a game changer. Effectively paying 50$ for this card. I have a status with Hyatt so I will be with Chase+Bilt.
Could you do a video on long term 2 player strategy? My wife and I run a chase set up now but only because we are based in SF and use United for direct flights to visit family on the east coast so having them as a transfer partner makes sense.
🏀 I have learned so much from this video. I wish I found your earlier.
Sebby, do you think the sapphire reserve will be receiving an elevated offer anytime this year? Trying to decide if I want to wait it out or just get the preferred.
Great video 🏀
My first credit card is the CSP, and now I am planning to apply for a new CC after holding the CSP for 2 years. What would you recommend as a 2nd credit card to apply for? And are there any big signup bonuses worthy to apply for or should I just wait? I am thinking of the Hyatt CC.
Why not chase freedom flex and unlimited ? Get the trifecta
The card is cool mostly for travel, I have this card and the Capital One Venture.
🏀 it’s worth noting unlike other cards that offer primary CDW the CSP is unique in that it works in the several countries that are often excluded by other cards offering primary CDW (Ireland, Jamaica, Israel etc). Just cancelled and rebooked a car reservation in Ireland with this card because I just learned they don’t have those countries excluded which can save you a bunch when renting in those countries.
@@davidwilliam9451 fair enough. Just saying for many who choose to rely on the card for primary CDW it’s nice that they don’t have any restrictions on the countries you use it in. Obv the ramifications of needing to use the insurance is the same wherever you use it but having those options are helpful. I had to pay a ton in mandatory insurance last time in Ireland because my other card excluded Ireland. But yes, always a risk when utilizing credit card insurance.
🏀 The Chase Sapphire Preferred is the easiest card to recommend as a beginner travel card. The ability to transfer out to travel partners with a low annual fee of $95 is pretty awesome in my opinion. While this card isn't one I really ever put spend on, I don't see myself ever downgrading this card unless I want to get the SUB again a few years from now. Great review Sebby!
🏀I've had chase cards for forever but only did my first Hyatt redemption yesterday. I'm keeping my CSP largely for the transfer partners.
🏀 I’ve been burned by a client booking through a third party as you mention, and then I show up off a flight at 11pm to not have a room… not fun.
I got CSP for the in branch 90k offer because even if I cash those UR out, it’ll still be worth it for me in year one. Have to evaluate again next year to see if it plays well with my amex plat etc.
Went in branch and got mine today for 90K sign up bonus. Few data points I figured I’d flag as I got instantly approved.
Credit Score: 715
Hard Inquires: 0
Payment History: 1 Late Payment in the last 6months
Annual Income: Less than 6 figures
Housing Payment: 0
Other lines of credit: 1 other credit card, & student loans
Total Credit Card Debt: 0
90k offer was only offered in branch so def recommend going in branch if you’re looking for that or if you have something on your credit report you need to explain (i.e. late payment, hard inquiries). I also didn’t break any Chase rules so def helped me but figured I’d start a thread of data points in case anyone else gets approved and other are looking to apply
Thanks for the data points!
Are there any 100k offers in branches? Or was it just 90k max?
@@Matador4_ it was just the 90K max but redeemed through the rewards portal is 112.5K, I believe every year at some point there’s a 100k but the bonus is typically 60k so often that I had to grab the 90K branch offer when I saw the opportunity
@@reezyking no I agree. But I had just heard that some branches were doing 100k so I figured I’d ask. I wasn’t sure if it was true or not. But the 100k was probably not true. At least not in this promotion.
Get an additional 10k on 80K if you spend 6k in the first six months ? Our player 1 got the in branch offer and referred player 2 for an additional 15K bonus. Player two gets 80k with no additional offers.
🏀hey Sebby~ have CSP, Freedom Flex, Capital 1 V. Which will be the next best card? Travel 2x year mostly int’l. Thx for the great content.
🏀I respect a man that is educated about finance and also a huge sports fan.
:)
I was driving on a foggy night on the freeway and ran my rental car into a hazard cone in the middle of the lane. The front bumper was smashed in and it broke into the radiator. A/C was running like full blast afterwards because the sensor was broken I assumed. I rented the car with the Chase Sapphire and declined the rental company's insurance. Thank god, because it fully covered the cost of the repairs and damaged. All I had to do was open up claim with Chase and they took care of the rest. Super easy and saved me $5K plus.
🏀 I just applied for it today, managed to get the 90K point bonus, so I’m excited.
This is possibly the easiest annual fee card there is to not only have but to keep. Sure the multipliers might not be the best at first glance but if you use this to transfer to Hyatt then the points are even more valuable. So far the 2 redemptions I’ve done I’ve gotten 1.9 cpp and I’m happy with that considering those points got me 2 hotel rooms for my family of 5.
But you can transfer points from any chase card can’t you?
@@kimbapslayer1995 you can transfer points from cards that earn Ultimate Rewards points to the CSP or CSR but only those cards can transfer points to transfer partners. In essence those 2 cards are “your hub” to access transfer partners as you see fit for your redemptions.
Do you find good Hyatt deals within the US? I feel as tho it only works outside the US
@@oshitomaha I’ve had pretty decent luck with the 2 redemptions I have done. Again I got 1.9 cpp for both of those redemptions so just ever so slightly under the “base” of 2 cpp we try to hit as a minimum but it worked for my family of 5 for my two oldest boys to have their own room. Not to mention I was “just a member” so I didn’t have any status with Hyatt so even just having the WoH card from Chase giving me discoverist status could have added to the value of the redemption as well.
Definitely should be more consistent getting higher redemptions outside the US or staying in higher tier/level properties but your mileage may vary.
🏀🏀 Total newbie question here, as I’m thinking about getting a travel card. For travel booked through the portal, are you able to get frequent flyer miles as well as the ultimate reward points?
Just got approved for the CSP and not exited about it! But I’ll take those 80k UR points 😂
just picked up the CSP since this is the best deal I've seen since the 100k. Not sure about the card in general, but I guess the 80k pts will be a good start at least...probably won't replace the Gold card though. 🏀
🏀 I am past my 48 month Sapphire sign-up bonus, so I'm planning on downloading my CSR to a CFF with the hopes of getting a new Sapphire soon. I will probably miss the 80k bonus, but that's ok because my wife just got it (yay player two.) Depending on which has the better sign-up bonus and if the CSR gets the refresh we are all hoping for will determine which way I go.
🏀 I notice some cards (I'm looking for the Chase Personal Hyatt and Mariott) on your website don't have a "Learn more" referral link. I want to support my favorite content creator!
Thanks for checking! :) Those cards are currently out of commission on the site.
The CSP is definitely worth it for anyone, I would say. I recently got this card and I am currently in India. I will easily be able to meet the spend requirement as I have already booked my tickets on the CSP and I plan to have a few other expenses when I return to the US. I have been using the card for all of my expenses in India and have had very little issues with it. It was accepted everywhere with tap to pay, although for some reason it was not accepted when the chip was read (idk why). I also used the card on my Emirates flight and at the Dubai airport. I have paid for stuff in USD, AED and now in INR. I was not charged anything extra for using a foreign card. And with the 80k points bonus, I plan to use them for domestic flights within the US. For someone like me who does not travel on business or flight class, I am thus able to get great value from the CSP - I would happily pay the $95 annual fee to keep this card open. 🏀
I am new to the credit card game. For the Chase Credit Card Trifecta, what order should I get the cards?
🏀 thanks for the reminder on hotel credit. Gonna use it tonight to smash and save some $$$
What is the coverage for trip cancellation and interruption insurance medical insurance coverage? Thank you!
🏀 great review and who are you going for in the playoffs?
Happy for Big Honey to start his reign. Also happy for LBJ to get #5 and closer to the 6 ring mark. Wouldn't mind Jimmy Buckets getting a ring either.
Boston doesn't need it yet; still young team so they have time.
If I could only pick 2. Probably Nuggets or Lakers.
Only 1, probably Lakers. Invested in LeBron matching the Jordan's 6 rings at this point 🙂
(something about Jokic being disrespected for MVP voting despite being a statistical monster)
🏀I just received the CSP although I was over 5/24. I was denied the FF card, its unfortunate but you really need an additional feeder card for the CSP to really work.
Best card I own. Great transfer partners and our goto card overeseas where AE is not accepted.
🏀CSP sometimes runs bonuses for transferring UR points, but how often do they run those? It's got to be a big boost when calculating the points valuation.
🏀 I think this card is worth it for the sheer value that comes from the welcome bonus. You can downgrade it if you don’t like it, but it gives you a lot of awesome travel value if you do want to keep it.
Hey Chase Intern: 1.5X base on the CSP/CSR. Do away with the anniversary bonus on the CSP.
Is the $50 credit available after first statement, or do you have to wait for your 1 yr anniversary, cause i don't see it in the travel portal
It's interesting to me how many people say this is a starter card or beginner card. That label implies to me that people are extracting more value from high annual fee cards. To me this only works if you are traveling a lot.
I have this card and it matches my level of spend on travel. I only take maybe 1 - 3 leisure trips per year and have found it works well for me. My effective fee the last couple of years has been about $12 and $40 after using credits and offers. That doesn't count the times I have used the primary CDW on car rental. Count that in and I effectively don't have any fees on this card. I've done the math on getting something like a CSR or other higher AF cards, but I don't find they work as well for the low amount of travel that I do. I don't go to lounges as I typically book my flights in such a way to spend as little time in the airport as possible. Maybe those other cards are for those road warriors in the crowd.
- this is a great point. that is exactly why i keep my CSP as my primary travel card.
This describes me as well
I just recently got the gold card. Should I apply for this card?
I have Venture X , Citi premier and Amex Plat. I think I will keep my CSP instead of upgrading it.
What spend do you put on this card if you also have an Amex Gold card?
Great card; especially now they have the quarterly Instacart credit
🏀 I might get this for the 80,000 point bonus and then see how it goes. Thanks
🏀 been trying to figure out what to do with the CSP. Was thinking about upgrading it to CSR, but sad I would miss a signup bonus. 4 year wait seems too long for that. How do I calculate that trade off?
im on the fence too. i like the card, but im considering pc'ing it to a CFU, then apply for a CSR if they elevate the bonus.
🏀Am I crazy to hold onto my CSP as a backup no-FTF card with my Cap1 setup? (VentureX and SavorOne)
Not for me ...But what choise do I have? I need it to transfer points or use the portal.
Just. Went in to my branch and RE submitted for my CSP they gave me an extra 10k and 90ktotal. I last applied for this card in April 2019. Timing worked out perfect 😊
Very insightful video. Although my experience is not so great with CSP
Am I the only one who is seeing the opposite? The hotels I see on the Chase reward portal are priced way higher than what I see on Google and Hotel Websites. Just to get the points I am not willing to spend so much extra money mentioned on the Chase Travel portal. Getting a little annoyed with them, to be honest.
I have to say I've been underwhelmed by the Sapphire Preferred. Right down to not truly getting 5% on travel when booking through the travel portal. You get 2% and then the other 3% supposedly gets added in "two to three billing cycles" . . . so far I haven't seen it. I will likely cancel the card on the first anniversary to avoid paying the fee.
🏀
Question: My father has a CSP and a bunch of Chase Ultimate Rewards Points. He refuses to use them. Can he transfer HIS points through his CSR to MY United Airline Miles? He’s probably not gonna get any new credit cards, and I’m probably not gonna get a CSR soon.
I just approved for the chase sapphire preferred(today). The offer I received was the current 60k offer. If in a couple of weeks the intro offer is increased would they match that offer for me if I called ?
Am i able to downgrade the CSP if i already have both of the free cards?
It can transfer to Hyatt. That’s the only thing you need to know. I just booked a Hyatt Regency for 8k points, which would have cost me almost 400 usd with cash.
Could we get a video of your current wallet?
🏀Sebby can I book a flight to Hawaii from Indy on Delta going through virgin Atlantic
Have the Maldives become Instagram famous? Why are they the de facto tropical destination now? Fiji looks nice, the Caribbean and both coasts in Central and South America have beautiful scenery.
Why is AMEXtravel website portal now almost double the price on flights and hotels compared to the actual airlines or hotel website??? It wasnt like this a year ago. Amex platinum booking for travel almost seems no point. Might as well book direct with hotel or airline.
I just got the CSP and less than a month later the SUB went from 60K to 80K 😢
So far I think it’s ok. They have some shopping offers similar to (but not overlapping with) Amex, which I like. I haven’t used the portal yet, I compared the rate to booking with Marriot directly and that came out cheaper 😅
🏀
Same thing with me on the SUB. I got it in January when it was 60. My timing is terrible. The CFF had 5% groceries for the first year. That offer went away for a few months and I got the CFF. Then the grocery deal came back.
Ugh, same. The CSP SUB jumped to 80k points maybe a few days after I opened my account at the 60k SUB. Terrible timing at its finest, lol.
🏀 You are a CORNUCOPIA of information sir! There were benefits on my CSP, and AMX platinum I didn't realize I had until I watched your videos. I was going to get rid of my Citi Premier until you described how great it was for travel. Also learned a LOT about airline lounges. Was wondering if you still think the Citi AA executive MC is a good value for the annual fee? Keep speeding the knowledge Sebby! 👍🏽
Chase points = Hyatt points.
It'll be a sad day if Hyatt gets severely devalued or if they cut their ties with Chase.
I’ve CSR, can I downgrade and then apply to CSR ? Is there any cool off period between downgrades and new application to CSR? Besides I’ve 300k points in CSR what should I do before downgrade? Was thinking of transferring to my wife’s CSP but not sure I can transfer 300k points like that !your thoughts @asksebby ? Anyone ?