Chase combos - Revision history

Editor: /* Personal and/or Business cards */

2021-08-12T06:54:55Z

‎Personal and/or Business cards

Editor: /* Personal and/or Business cards */

2021-08-12T06:53:20Z

‎Personal and/or Business cards

Editor: /* Personal and/or Business cards */

2021-08-12T06:51:27Z

‎Personal and/or Business cards

Editor: /* Personal and/or Business cards */

2021-08-12T06:35:47Z

‎Personal and/or Business cards

Editor: /* Personal cards only */

2021-08-12T06:35:13Z

‎Personal cards only

Editor: /* Personal and/or Business cards */

2021-08-12T06:34:47Z

‎Personal and/or Business cards

Editor: /* Personal cards only */

2021-08-12T05:59:06Z

‎Personal cards only

Editor at 05:50, 12 August 2021

2021-08-12T05:50:10Z

Editor: /* Personal cards only */

2021-08-12T05:49:43Z

‎Personal cards only

Editor at 05:39, 12 August 2021

2021-08-12T05:39:47Z

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 * Or get the Sapphire Reserve and Ink Unlimited, using only 1 Chase 5/24 slots, but giving up the drugstore bonus category.
 * If you don't want the extra benefits of the Sapphire Reserve, you probably want the Ink Preferred and Freedom Unlimited (or Freedom Flex and Ink Unlimited), using 1 Chase 5/24 slot.
-* In some rare cases, you may want the Sapphire Preferred, instead of the Ink Preferred.
+* In some rare cases, you may want the Sapphire Preferred, instead of the Ink Preferred, using up 2 Chase 5/24 slots.
-* Since the Sapphire Preferred comes with a 3x restaurant bonus, if you don't care much about the drugstore category, you can pair it with the Ink Unlimited rather than the Freedom Unlimited, and save a Chase slot.
+* Since the Sapphire Preferred comes with a 3x restaurant bonus, if you don't care much about the drugstore category, you can pair it with the Ink Unlimited, rather than the Freedom Unlimited, and save a slot.
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 <li>'''If you don't value the extra benefits, the Ink Preferred is probably the best companion card'''. Compared to the Sapphire Preferred, you'll get a typically higher signup bonus, a full 3x points on travel purchases, plus 3x points on some extra business categories. And you'll save a Chase 5/24 slot. That is usually more valuable than the Sapphire Preferred's $50 hotel credit and 3x rewards on Streaming and Grocery Delivery Services. The Ink Preferred doesn't provide rewards on restaurant spending, but you'll get that anyway from your Freedom Unlimited (or Freedom Flex).</li>
-<li>'''However, if you don't value the Sapphire Reserve's extra benefits and you don't expect to spend a lot on travel, you may still want to get the Sapphire Preferred'''.</li>
+<li>'''However, if you don't value the Sapphire Reserve's extra benefits and you don't expect to spend a lot on travel, you may want to get the Sapphire Preferred'''. Most people are likely to spend more on Streaming and Online Grocery Delivery Services than on the Ink Preferred's business categories. In addition, there is no issue in using the Sapphire Preferred's primary rental car insurance on personal rentals. We are always a little worried about issues using the Ink Preferred's insurance on non-business rentals. The main reason, we usually recommend the Ink Preferred is for the extra 1x on Travel purchases.
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 <li>'''However, the cost difference is likely more significant'''. The combination of the Freedom Unlimited and the Ink Preferred, gets you the same 3x rewards on Travel, Restaurants, and Drugstores, and 5x rewards on airfare purchases through Chase as the combination of the Freedom Unlimited (or Freedom Flex plus Ink Unlimited) and the Sapphire Reserve. Therefore, no matter how much you spend on travel, the Sapphire Reserve will have an extra out of pocket cost of around $100. If you are likely to spend money in the Ink Preferred's business categories, the difference may be larger.</li>
-For most people, the extra benefits of the lounge access, primary rental car insurance, slightly better travel insurance, and roadside assistance is still going to be worth the difference.
+For most people, the extra benefits of the lounge access, primary rental car insurance, slightly better travel insurance, and roadside assistance is still going to be worth the difference in price, plus the extra slot. But it is a tougher call then it is for people who don't have access to business cards.
 <li>'''If you don't value the extra benefits, the Ink Preferred is probably the best companion card'''. Compared to the Sapphire Preferred, you'll get a typically higher signup bonus, a full 3x points on travel purchases, plus 3x points on some extra business categories. And you'll save a Chase 5/24 slot. That is usually more valuable than the Sapphire Preferred's $50 hotel credit and 3x rewards on Streaming and Grocery Delivery Services. The Ink Preferred doesn't provide rewards on restaurant spending, but you'll get that anyway from your Freedom Unlimited (or Freedom Flex).</li>
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 * There is no issue in using the Sapphire Preferred's primary rental car insurance on personal rentals. We are always a little worried about issues using the Ink Preferred's insurance on non-business rentals.
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 <li>'''If you don't value the extra benefits, the Ink Preferred is probably the best companion card'''. Compared to the Sapphire Preferred, you'll get a typically higher signup bonus, a full 3x points on travel purchases, plus 3x points on some extra business categories. And you'll save a Chase 5/24 slot. That is usually more valuable than the Sapphire Preferred's $50 hotel credit and 3x rewards on Streaming and Grocery Delivery Services. The Ink Preferred doesn't provide rewards on restaurant spending, but you'll get that anyway from your Freedom Unlimited (or Freedom Flex).</li>
-<li>However, if you don't value the Sapphire Reserve's extra benefits and you don't expect to spend a lot on travel, you may still want to get the Sapphire Preferred'''.
+<li>'''However, if you don't value the Sapphire Reserve's extra benefits and you don't expect to spend a lot on travel, you may still want to get the Sapphire Preferred'''.</li>
 * Most people are likely to spend more on Streaming and Online Grocery Delivery Services than on the Ink Preferred's business categories.

← Older revision		Revision as of 06:35, 12 August 2021
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	=== Personal and/or Business cards ===		=== Personal and/or Business cards ===

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 </ul>
 === Personal and/or Business cards ===
 If you are willing and able to get business credit cards, you have more options. {{Link|Business Cards}}.
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 <li>'''The Sapphire Reserve is much more expensive, but it comes with a bunch of extra benefits''': Priority Pass airport lounge membership, free roadside assistance, slightly better "free travel insurance" when you use it to pay for travel, a higher rate (1.5 cents per point) when you cash out your points, and 3x rewards on travel purchases.</li>
-<li>'''How much more expensive depends on how much you expect to spend on travel purchases'''. The annual fee for the Sapphire Reserve is $550. However, the trivial-to-use $300 travel credit brings the effective cost down to $250, which is $155 more than the Sapphire Preferred. The Sapphire Preferred comes with a $50 hotel credit, but it can only be used on hotel reservations made on the Chase website, which won't count for the hotel's own loyalty program and which are likely to be a bit more expensive than you can find on other websites. So, it is worth much less than face value. The Sapphire Reserve comes with a $60 Door Dash credit, which for most people is worth a little closer to face value. So the out-of-pocket difference is likely around $125.</li>
+<li>'''For most people, the difference in cash-out rates between the Sapphire Reserve (1.5 cents) and Sapphire Preferred (1.25 cents) is not as important as it seems'''. Unless you are generating really large amounts of points, you are likely to have plenty of opportunity to get more than 1.5 cents in value per point by converting them to Hyatt points or frequent flyer miles, so you won't want to "cash them out" at either of these lower rates. If after a couple of years, you find that you don't have a good opportunity to transfer your points, you can always convert to the Sapphire Reserve, if necessary, to cash them out at the higher rate and then convert back down to the Sapphire Preferred.</li>
-Assuming you don't have another card that earns better rewards, for every $1,000 you spend on Travel, you'll earn an extra 1,000 Ultimate Rewards points with the Sapphire Reserve Card. At {{Value|UR}} cents each, that works out to $17 per $1,000. You don't want to count any money you are likely to spend purchasing airfare through Chase, as you'd earn the same super-high reward rate with either card. You'll earn even more if you purchase hotels and car rentals through the Chase website, but this will rarely be a good deal, so you probably shouldn't factor it into your calculations.
+<li>'''The extra cost for the Sapphire Reserve depends on how much you expect to spend on travel purchases'''. The annual fee for the Sapphire Reserve is $550. However, the trivial-to-use $300 travel credit brings the effective cost down to $250, which is $155 more than the Sapphire Preferred. The Sapphire Preferred comes with a $50 hotel credit, but it can only be used on hotel reservations made on the Chase website, which won't count for the hotel's own loyalty program and which are likely to be a bit more expensive than you can find on other websites. So, it is worth much less than face value. The Sapphire Reserve comes with a $60 Door Dash credit, which for most people is worth a little closer to face value. So the out-of-pocket difference is likely around $125.</li>
 On the flip side, the Sapphire Preferred earns 3x Ultimate Rewards on Streaming and Grocery Delivery Services. For every $1,000 you spend on these, you'll earn an extra 1,500 points, valued at $26.
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 <li>'''However, if you truly don't need the lounge access, most people will save some money with the Sapphire Preferred'''. Just remember that the lounge access you get from the Amex cards doesn't cover participating airport restaurants and there aren't many non-Amex cards that come with lounge access. {{Link|Lounge Access}}.</li>
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 {{DISPLAYTITLE:Options for the Chase Unlimited Combo}}
 {{Page|article|earn points|general purpose}}
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 {{Main|article}}
 === Personal cards only ===
 If you aren't willing and able to get business cards, you'll need the Freedom Unlimited and either the Sapphire Reserve or the Sapphire Preferred.
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 <li>'''If you spend a few thousand more in travel than you do in Streaming and Grocery Delivery Services, the extra cost for lounge access (and the other benefits) isn't very high'''.</li>
-<li>'''However, if you truly don't need the lounge access, most people will save some money with the Sapphire Preferred'''. Just remember that the lounge access you get from the Amex cards doesn't cover participating airport restaurants and there aren't many non-Amex cards that come with lounge access. {{Link}Lounge Access}}.</li>
+<li>'''However, if you truly don't need the lounge access, most people will save some money with the Sapphire Preferred'''. Just remember that the lounge access you get from the Amex cards doesn't cover participating airport restaurants and there aren't many non-Amex cards that come with lounge access. {{Link|Lounge Access}}.</li>
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 {{DISPLAYTITLE:Options for the Chase Unlimited Combo}}
 {{Page|article|earn points|general purpose}}
 <blockquote>
 The Chase Unlimited combo requires one of the Chase Unlimited cards to earn 1.5x Ultimate Rewards points on everyday purchases and one of several different Chase cards to be able to convert your points into Hyatt points or frequent flyer miles (or cash them out for more than 1 cent each. There are six different possible combinations, the question is which one is right for you.
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