The TRUTH About the Chase Trifecta 2024 (4 MAJOR Issues)
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- čas přidán 6. 06. 2024
- The Chase Trifecta may NOT be for you! Consisting of the Freedom Unlimited, Flex, and Sapphire Preferred (or Reserve), this is the most popular credit card setup/strategy of all time. However, with new and improved cards like the Capital One Duo, Citi Trifecta, and others, going for the complete Chase Trifecta may be a MISTAKE, and you may want to consider other options instead.
In this video, I share the 4 CRUCIAL reasons why you may want to SKIP the Chase Trifecta, along with my experience with the cards, and how Chase can change these cards to once again bring them to the top!
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Do you have the full Chase Trifecta? Do you agree with these points? What do you like and dislike about the card? Let us know below!
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Csr needs a refresh, at least 4x dining and travel.
You made some good points, but you didn't mention Chase's transfer partners, which are probably the best of any credit card issuer. This is the big appeal of Chase and also where you can get great value when redeeming. Thanks for your good work!
They're about the same as the Bilt transfer partners, minus American airlines (different situation but interesting to note)
@@gracehuang8571personally I think Bill sucks. We are forced to use a multiple times. Just be able to get the rent bonus and a lot of people don't rent. I don't rent. I haven't rent in years and a lot of people don't either. A lot of people have roommates where it doesn't really count as rat unless you do some. Mike back door stuff or a lot of people have mortgages or there's a lot of people that don't have mortgages at all
While I personally think that this setup could definitely use a refresh, I still see it being one of the most powerful beginner to intermediate credit card setups in the game solely because of the power of Chase's ecosystem. Those points are hard to beat!!
Side note: That's so funny you made this video just now considering I have a video coming out on the Chase Trifecta this weekend as well 😆 Great minds think alike!
What you say about complexity is so true. Sometimes trying to maximize a complicated card system takes a lot of time if you view it from an opportunity cost perspective. I want to spend my time working on my business and increasing my income, rather than dedicating time every day to figuring out what card to use, what credit cards to open, and what offers to take advantage of.
100%! I think at a certain point we have to ask "how much is our time worth?". Spending hours of active time and *mental effort* to use a $50 credit, or spend that time working on something else to be even more productive
@@KevinYang Well said! Time is money. That’s why I keep my card system simple:
Amex Platinum - Travel
Amex Gold - Food/Groceries
Amazon Prime Credit Card - Amazon, Amazon Fresh, Gas
Apple Card - Catchall. (Most places take Apple Pay now for the 2%)
I love your channel by the way! Thank you.
@@deanyt3697That's a great setup, and totally agree with you! I'm still itching to get the Gold.. hopefully a good offer pops up soon! Thanks for the support!
@@KevinYang I’ll be happy to refer you if you don’t already have someone 😂
@@deanyt3697but the whole argument here of what you're set up is defeat the whole purpose. The whole point of this conversation was to make things easier. More complicated, but platinum or even gold doesn't make things simpler. There are coupon books so you have to constantly make sure you're using these coupons just to get the effective fee of what you're getting out of it. So in reality, platinum and gold is really good. But it's a lot far more complicated than the chase trifecta and I hate the applicant. I actually hate it. I hate spies the fact that in order to get 2% you have to use your phone until each their own
I think this video is a hot take. As a dad with a bunch of kiddos that don’t do a bunch of international travel, AMEXs redemptions are trash to me. I have the Gold/BBP, CSP and VX/C1S1 and I would definitely say that for every day, CSP and VX redemptions are way better than Amex. Next year I think I’m going to end up with a CFU, CFF and change my CSP to CSR.
On the subject of groceries, it might be nice to stroll through the store to shop but with a ton of kids, I really don’t have time for that and picking up my groceries to minimize time spent is worth so much more to me than wandering around the store.
All of that is to say that Chase points are more valuable than anything else, and an overhaul would only make them sweeter.
Thanks for the video. Im gonna product change my unlimited to a flex now. I have the venture x for the flat 2x 😆
I just got the freedom unlimited with 5* for grocery and gas .add to this the rotating categories from the flex and 1.5% on all the rest and i'm a happy camper for now.
I'm new to the credit card game and started with the csp for the 80k sign up then the cff for the rotating categories of course. Wasnt planning on getting the cfu because i wanted the venture x so i got that for my catch all. Then i did end up just getting the cfu while they have the incognito mode offer of 5% back on gas and grocery for the first year. I don't plan on getting amex because i live in a small town so the credits are useless to me.
Side note that i never see mentioned and hopefully this is never changed, but if you have Walmart plus when you use the scan and go it counts as online groceries for the csp no matter what you are actually buying.
You forgot to mention the Savor one has no foreign transaction fee comparison with the Unlimited and Flex
I think if the freedom unlimited was 1.75 or 1.875 with no other multipliers it would be way better, especially after introducing the freedom rise which has the 1.5x in everything multiplier. Or if they could have deals with hotels so when bookings are made from the travel portal, they can still honor status, that would be an honest game changer for Marriott and igh stays.
Really nice edit here Kevin. I never completed the trifecta either... currently have CSP, Chase freedom OG, 2x CFF.... wife has the CFU though. CFU in its current state isn't really worth it to me unless there's some sort of lucrative bonus. Great vid and well said!
I recently got a chase card, the unlimited, stricly for the 3% drugstore catagory
Hey Kevin would it be a good option to combine csp with the capital one saver card? Both cards fit my spending habits, just wanted to make sure I’m doing this right. New to the credit card game, thanks man!
The other thing about the $50 hotel credit for CSP is that if you have status with hotel you do not get that with the hotels book through Chase Portal. So I agree with you that for a hypothetical $200 hotel night: 1. you get a worse rate, 2. you don't get any 5x points for that stay 3. you lose out on elite status benefit which could include possible room upgrade and breakfast credit. Add the three things up and it ends up as loss of greater than $50 and not worth it.
@KevinYang you must never charge at a pay charging station if you think it's not that much value. Prices are about $4 a gallon equivalent
I have two of three cards in the trifecta and am seriously debating whether I should even bother getting the third to complete the trifecta. I rarely use my Chase cards now as I reach for my AMEX Gold, Citi Custom Cash (x2) cards, SoFi Credit Card, or my newest addition, the AAA Daily Advantage. Chase needs to REALLY revamp their trifecta because once the SUBs are completed, their cards are mediocre at best. Let’s cross our fingers that they FINALLY listen to us and revamp soon!
I have the trifecta and just got my second FU for the sign up bonus plus the 5x on groceries for a year. I will only use it for groceries since I get 2X on the VX for everything else. After the grocery bonus is over it'll be sock drawered.
as someone who has dabbled with C1, Amex, and chase, I have to say the flex has actually been my favorite card to spend on.
- 5% back on grocery for first year
- going to a TON of concerts this summer (700$ worth of festivals and concerts) and got 5% back on ALL OF IT for stuff I was already gonna spend on.
- had 5% back on Amazon in Q2 when I was moving apartments and buying a ton of furniture/stuff online. And 9% on Whole Foods which became the closest grocery store to me
For me the quarterly categories came at coincidentally incredible times when I had extra spend for them
Nice 👍
So I was originally aiming for the Chase trifecta till I received an offer for 125,000 points for my platinum and later got the 90,000 offer for the gold. I always planned on going for the preferred once I am under 5/24 but now I am not sure if I should... Nice video Kevin!
Thanks for watching! I still think the Preferred is a solid card, but congrats on those offers from Amex! Especially the Plat, that's a ton of points in one go
I think you need to pick an ecosystem…either a Chase ultimate rewards ecosystems, an Amex Membership Rewards Ecosystem, then mix in a cash back ecosystems to fill in the gaps
I’m just getting into the credit game and I wish I jumped on the Savior card from Capital One versus going the Chase route. I have the Freedom Flex so I’ll use it when I can, but I’m going to start the Capital One route now. I prefer going to Wyndham hotels also with a large resort in Orlando so Capital One is a direct partner with them.
Chase is still valuable for some partners like Hyatt, so you do wanna balance it out!
Same as me.
Don't get baited into the Wyndham timeshare game though.
Plenty of CZcams videos on that!😂😂
@@fogrunr5075 Oh yeah no definintely not opening a time share or anything, but the resort in Orlando with Wyndham is really nice and I've been a few times actually so them being a transfer partner is nice.
Well said man. Definitely chase needs to reform the chase trifecta
I really hope so! That CSR needs a refresh!
I am currently starting my credit card journey, started with the Discover it card then later getting the Freedom Flex and the SavorOne. Still deciding which ecosystem is best for me and now I am starting to lean towards Capital One duo because of its simplicity, similar benefits to Chase , and no big over lap with the cards. Any thoughts or suggestions?
I agree with you and have leaned into CO, that savor card is amazing for me and although transferring can be better value, sometimes I use the portals for simplicity’s sake and I vastly prefer the CO portal.
My trifecta is in my sock drawer, i only use the flex for the gas/ grocery rotation,i mainly us usbank cards now
Which US Bank cards do you like the most?
@@KevinYang i use the reserve for everything cause of the 3% mobile,and if they don't take mobile like some gas stations at the pump,i use the altitude go for 2% and 4% on dining those 2 cards cover everything
The CSP trifecta is a good backup with minimal impact. But CSR is useless.
The reason I don’t have any Chase noncobranded cards is the ftfs. Amex charge cards ftw!
I am 🍀 lucky again 😊. Vic, you are the 1 ✌️
I just want the CSP which is what I will apply for next. Not interested in the trifecta when I’m halfway done with the cap one duo.
Yeah the CSP itself unlocking Chase partners is great, and like you said, I don't think I'd finish the Trifecta
What cards should one get as a binational (US/ EU) who is planning to live in Germany most of the year and only spend occasional time in the U.S.? Are there cards that give points for groceries in Germany that can later be converted to miles?
Making the CFU a 2% card would be clutch.
Is there a trifecta for cap one? Like unofficially what's yours(the reader)
There is the Capital One Duo, with the SavorOne and Venture X!
I’ve gotten a lot of use out of the Chase trifecta but I’m realizing that it all comes down to the 5% categories on the CFF for me. If those categories aren’t useful for most of the year then it’s tough for me to earn points in the Chase trifecta. I’m disappointed in Chase because for the first time in as far back as I can remember they don’t have Walmart as a category in the fourth quarter this year. That drastically reduces the amount of points that I’m going to earn from Chase this year. I'm honestly starting to feel like Citi might be top choice going forward.
I have the Chase trifecta and so far have only done so to earn each welcome bonus. Not sure how they'll play out in the long run, especially since I also am working towards the Amex trifecta.
Yeah most if not all cards are worth it in the first year IMO. But year 2+ is when it takes some effort to justify. The Freedom cards I can see keeping open given no annual fees though!
Totally. CFU and CFF are easy to keep open since they're $0 annual fee. They just keep you hooked with the Sapphire Preferred to get access to the transfer partners. @@KevinYang
Yeah! Way too much overlap between the different cards. I’ll probably never use that Peloton credit because i have no desire for a Peloton 🤣🤣. I’m down for making the categories more unique and boosting the CFU to a 2x card, but chase can also add statement credits that compete with Amex….btw, I’m FIRST! 😂
FIRST.. CJ comment on the video :) Haha yeah I don't think I'll ever touch the Peloton credit... and one can wish for a 2x CFU! For credits, I hope they'd add some to the CSP too.. I won't qualify for another Sapphire bonus for ~4 years which is a bummer
IMO, I think the CSP is the most overrated card on the market. The multipliers are simply not good and there are not enough credits to cover the $95 AF. I currently run a Venture X and Amex Gold duo setup which compliment my lifestyle and spend the best. I don't see myself dipping into the Chase ecosystem ever besides maybe getting the CSP for the welcome offer and downgrading after a year.
I skipped Chase and went woth C1 because I’m puertorican and over here some banks won’t approve us credit cards if we’re under 21 which sucks but it is what it is. I still think C1 was the right move though because it is a very powerful set up
Which C1 card did you go for? The Savor One?
@@KevinYang yeah, I forgot to mention that 😂 after I’m over the 1/6 rule, I’m going to try to get the venture card.
I heard you can't open a C1 card with a puertorrican address. Is that still true? Im boricua too but moved to Florida!
Capital One is great for no foreign transaction fees worldwide groceries and dining! Nice Transfer Partners.
@@jan-louiscosme2164I believe they accept it as of now.
I never got the Chase trifecta. I use the CIC to earn points and have the CFU sitting idle ready to upgrade when a transfer is needed.
What about going for a fresh CSP/CSR/CIP to allow for those transfers?
@@KevinYang I might upgrade to a CIP, I find the bonus on the CIC to be sweeter when you take into account the multipliers. A fresh CSP or CSR is a possibility too, but only when the SUB is elevated.
@@JoseSantiago-yq7co Yeah agreed witht the elevated SUB! Instead of upgrading to the CIP, why not have that as a separate card?
I have the CIC and CIU. I have them at the ready to upgrade to a CIP; when I need to transfer to travel partners. If I was going to apply for new a CI card U, C or P, I would always apply for the CIC, because when one adds spend multipliers to the SUB, that's always the best deal of the three. If you can do all of the min spend at 5X, its hard to beat.@@KevinYang
well, I am glad I saw this video. I just watched the trifecta one and planned to do that one.
What changes your mind?
@@KevinYang The Overlapping Benefits. Based on the charts it seems like the Flex and the Preferred would benefit me most.
@@yourtravelbestie Exactly the 2/3 cards I have for my setup as well!
Chase really need groceries category, the online one sucks.
I understand that these cards may not be the absolute best return for money spent, but ease of use and functionality, im still striving to get this setup as my first rotation
My only critique would be a dedicated gas and grocery category for 2-3% on the preferred/reserve. That way the flex stays relevant with 5% rotating.
I like that the Freedom cards give multiples for travel. For someone in the cash back space that only travels "locally" that's a plus.
Are you referring to the 5x on travel through the portal?
@@KevinYang Yes.
@@scarling9367 How have you found those prices versus ones on Google, Expedia, or other sites?
@@KevinYang Just stepping into the Chase ecosystem. Previously only had the Blue Cash Everyday. I've got access to Amex's travel portal, but no special multiplier. In my area (Northern IN) there no significant difference through them except Chicago.
Reason number 1. The 5\24 rule. I've been road mapping my set up and staying under 5\24 has been such a stumbling block.
What is 5/24?
Is it me or everyone who mentions the hotel credit is wrong? They dont just give u $50 hotel credit, u have to earn up to $50 hotel credit when u book with UR platform? In other words, u have to use UR to book enough hotels then u get credits for hotel
Yup that's exactly right!
Got the same 2 Chase cards and agree 💯 with your point of view. I will add a couple of Chase business cards but for the bonuses 😂 Great video and information 🫵
Ah yeah those Chase Ink card bonuses are sweet! You'll definitely like those boosts of points haha
Citi credit cards are available ONLY for citizens or green card holders 😢
I'd love if the freedom unlimited got 2x back, I don't know why it doesn't. Sure you get a boost if you use the CSP or CSR and the Chase portal, but if you're transferring out then the Citi custom cash or Venture X is a much better deal
I think because of the CSP/CSR boosts via the travel portal... it's a decent use case IF they improved the Chase portal.. Heck check out the Capital One portal, much better imo
Maybe if they take it up to 1.75% or 2%😂😂
Make it conditional upon having direct deposit.
I take that with the Sapphire Reserve!
Two kinds of people in this world.
Wet earwax
Dry earwax
😂😂😂😂😂
What’s CSP and CSR?
Holy Smokes Yang Gang! Pretty sure you triggered all the Chase Fan Boys!! I can hear them all in a room right now just repeating “Hyatt-Hyatt-Hyatt-Hyatt” over and over and over!!!!! Then adding “well 1.5 is actually 1.875 in the portal, Hyatt Hyatt Hyatt!! I’m just kidding guys, kinda.
Haha I mean I think these are points that need to be discussed! Still the #1 points currency imo, both domestic and aspirational trips like you go on!
@@KevinYang I agree. But who uses the freedom unlimited? Why? For simplicity sake?
@@davidwilliam9451 Hyatt treated me right in Germany 🇩🇪. Very affordable two bed room suite with great views. I couldn’t get that with Hilton there.
Best comment so far lmao
Don’t let Spencer see this 😬
Maybe somebody here can let Chase know that since they decided I HAVE to have a phone which I DO NOT WANT, NEED OR HAVE to make a payment I have decided not to pay them until I can access my account on line as I have since I joined over ten years ago.
Oh, and it doesn't help them get their payment since they decided to go paperless.
AND, they still send me an email saying my payment is past due.
My budget does not allow for a phone that I DO NOT WANT OR NEED.
When we go to court the counter suit will be for pain and suffering for their decision to make it impossible to make a payment without a phone.
Not to mention the damage to my credit score.
Good luck 😆
Capital One duo seems better and much simpler.
Hard to beat for sure!
Adding 5x categories with Chase Ink Cash makes Chase ecosystem far bettet than just trifecta.
I canceled CSR/CFF/CFU this summer.
All of them? What made you cancel those no annual fee cards too?
No Way Jose!! Seriously? you know people die to get the trifecta~~
@@KevinYang Word!! I had the same question. I am perplexed~~
@@KevinYang It is ok to cancel no annual fee cards since they stay on your credit report for 10 years if you closed them in good standing. Also, you will be picking up cards along the way anyways. I have closed 2 cards within the last 2 weekends.
@@callmeNeno What was your motivation to cancel, if they can just stay open while contributing to your overall credit limits and age?
Cancelling my cards right now.
Ok?
Any specific reason that pushed you to do so?
Do it 👊
@@MrBankRelations +1 here. I personally downgraded my initial CSP to a base Chase Freedom card
I have a very simple reason: I hate traveling, so many of the benefits are useless to me.
That's totally fine! If travelling is not your thing, there are plenty of other cards that can work wonders, even for basic cash back!
My collection of cards gets me 5% on most things. My catch-all card is 2.625%, so the only time I get less than this is when I'm trying to qualify for a bonus.
You’re like the only guy on CZcams to figure out that the trifecta setup is hogwash compared to other plans and strategies. Wish I had seen this before getting the chase preferred
Most of the cash back are in items that are low multiples with the exception of dining. The rest is essentially junk.
That's one way to look at it. That said, Chase points are still amazing, and I still personally have at least the Freedom Flex (for whenever the 5x categories make sense), and the CSP for higher redemption values for my points!
Only reason to have Chase Trifecta: Hyatt Transfer partner.
Yeah a great balance of availability and value! Personally I also like Aeroplan, which exists on most of the big companies!
You only told part of the truth with these cards. From what I’ve watched so far you didn’t even include travel partners. You just watered the cards down so other cards have more flavor..