JPM Chase Reserve Card gets more expensive

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palanzo
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Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Mon Jan 27, 2020 8:42 pm

WhiteMaxima wrote:
Wed Jan 08, 2020 4:27 pm
mervinj7 wrote:
Wed Jan 08, 2020 4:13 pm
https://thepointsguy.com/news/significa ... erve-card/
  • Annual fee changes from $450 to $550. Effective Jan 12, 2020 for new sign ups. For renewals after April 1, 2020.
  • $300 Travel Credit unchanged
  • Free DoorPash (Doordash) for 2 years. $60 Dash Credit in 2020, $60 Dash Credit in 2021
  • Free Lyft Pink Membership
I will likely not be renewing.
Me too. I guess I would cancel after my membership expire next year. Will use Costco Citi Visa as primary travel card.
I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.

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amp
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Re: JPM Chase Reserve Card gets more expensive

Post by amp » Mon Jan 27, 2020 9:38 pm

tibbitts wrote:
Mon Jan 27, 2020 3:54 pm
amp wrote:
Mon Jan 27, 2020 7:51 am
defscott627 wrote:
Sun Jan 26, 2020 10:36 am
Does anyone know if the Auto Rental Insurance works if you purchase the car rental through a third party website, such as Orbitz or Expedia?
Last year I was involved in an accident in a rental car booked through Costco and Chase reimbursed the damages without any issues. Keep in mind that even when using an online travel agency it's actually the rental car company that charges your card. So I don't see why Chase would care how you actually did the booking, or how they would even know that you went through a third party.
It's been years since I used them, but I'm not sure that's the case for prepaid rentals you bid on (Priceline, Hotwire, etc.)
Good point. I found this page from a travel blog who checked with the major card issuers. All of them (including Chase) said that Priceline and Hotwire rentals would be covered.

mighty72
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Re: JPM Chase Reserve Card gets more expensive

Post by mighty72 » Mon Jan 27, 2020 10:15 pm

palanzo wrote:
Mon Jan 27, 2020 8:42 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 4:27 pm
mervinj7 wrote:
Wed Jan 08, 2020 4:13 pm
https://thepointsguy.com/news/significa ... erve-card/
  • Annual fee changes from $450 to $550. Effective Jan 12, 2020 for new sign ups. For renewals after April 1, 2020.
  • $300 Travel Credit unchanged
  • Free DoorPash (Doordash) for 2 years. $60 Dash Credit in 2020, $60 Dash Credit in 2021
  • Free Lyft Pink Membership
I will likely not be renewing.
Me too. I guess I would cancel after my membership expire next year. Will use Costco Citi Visa as primary travel card.
I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.
You have to go to Costco to cash the certificate

palanzo
Posts: 816
Joined: Thu Oct 10, 2019 4:28 pm

Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Mon Jan 27, 2020 10:43 pm

mighty72 wrote:
Mon Jan 27, 2020 10:15 pm
palanzo wrote:
Mon Jan 27, 2020 8:42 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 4:27 pm
mervinj7 wrote:
Wed Jan 08, 2020 4:13 pm
https://thepointsguy.com/news/significa ... erve-card/
  • Annual fee changes from $450 to $550. Effective Jan 12, 2020 for new sign ups. For renewals after April 1, 2020.
  • $300 Travel Credit unchanged
  • Free DoorPash (Doordash) for 2 years. $60 Dash Credit in 2020, $60 Dash Credit in 2021
  • Free Lyft Pink Membership
I will likely not be renewing.
Me too. I guess I would cancel after my membership expire next year. Will use Costco Citi Visa as primary travel card.
I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.
You have to go to Costco to cash the certificate
Do they give you cash in hand?

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Nate79
Posts: 6044
Joined: Thu Aug 11, 2016 6:24 pm
Location: Delaware

Re: JPM Chase Reserve Card gets more expensive

Post by Nate79 » Mon Jan 27, 2020 10:47 pm

palanzo wrote:
Mon Jan 27, 2020 10:43 pm
mighty72 wrote:
Mon Jan 27, 2020 10:15 pm
palanzo wrote:
Mon Jan 27, 2020 8:42 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 4:27 pm
mervinj7 wrote:
Wed Jan 08, 2020 4:13 pm
https://thepointsguy.com/news/significa ... erve-card/
  • Annual fee changes from $450 to $550. Effective Jan 12, 2020 for new sign ups. For renewals after April 1, 2020.
  • $300 Travel Credit unchanged
  • Free DoorPash (Doordash) for 2 years. $60 Dash Credit in 2020, $60 Dash Credit in 2021
  • Free Lyft Pink Membership
I will likely not be renewing.
Me too. I guess I would cancel after my membership expire next year. Will use Costco Citi Visa as primary travel card.
I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.
You have to go to Costco to cash the certificate
Do they give you cash in hand?
Yes, you just go to customer service and they will cash it for you.

palanzo
Posts: 816
Joined: Thu Oct 10, 2019 4:28 pm

Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Mon Jan 27, 2020 11:23 pm

bling wrote:
Wed Jan 15, 2020 6:02 pm
scophreak wrote:
Wed Jan 15, 2020 9:45 am
bling wrote:
Tue Jan 14, 2020 7:08 pm
Also, for me personally UR points are worth closer to 1cpp because I only fly economy and book modest hotels.
I don't quite get the last (bolded) part of the argument. Staying strictly with airfare, booking through the Chase portal yields a value of 1.5 cpp for ALL tickets, including economy. In my experience over several years, I've booked numerous economy tickets directly through the portal and have always gotten exactly the same fare as I would through any other site (I checked). This has been a great way to ensure the 1.5 cpp as advertised. Sure...transferring to partners may yield even higher value, but for economy fares this is an easy way to go to capture what I feel is a good value for my points. Hotels are a little trickier and you can often find better rates outside of the Chase portal, which is why I stick with airfare to redeem my points.
The portal is known to increase the price and/or not show certain routes. You always have to check.

But back to my point, even if I was guaranteed 1.5cpp, at 3x bonus that's only 4.5% equivalent cashback which is less than BoA's 5.25%. For general spend, freedom unlimited is 2.25%, which is less than 2.625%.
But to get that at BoA you need to have $25,000 at BoA. Is that correct? I would rather have the $25,000 at Vanguard.

palanzo
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Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Mon Jan 27, 2020 11:24 pm

bling wrote:
Wed Jan 15, 2020 7:16 pm
decapod10 wrote:
Wed Jan 15, 2020 6:42 pm
One issue with BofA Cash Rewards card is the spending cap. $2500 per quarter is a lot worse than $10k per year, especially for things like travel where you tend to spend a lot at one time when you book hotels/flights and things rather than spread out throughout the year, unlike say dining or gas or groceries.
you can easily get around this by having multiple cards. the partnered ones don't count as the same card.
Do you mean multiple cards for the one person?

bling
Posts: 473
Joined: Sat Jan 21, 2012 12:49 pm

Re: JPM Chase Reserve Card gets more expensive

Post by bling » Mon Jan 27, 2020 11:57 pm

palanzo wrote:
Mon Jan 27, 2020 11:23 pm
But to get that at BoA you need to have $25,000 at BoA. Is that correct? I would rather have the $25,000 at Vanguard.
you need 100k to get the best multiplier. so buy whatever vanguard ETFs you want with that 100k.
palanzo wrote:
Mon Jan 27, 2020 11:24 pm
bling wrote:
Wed Jan 15, 2020 7:16 pm
decapod10 wrote:
Wed Jan 15, 2020 6:42 pm
One issue with BofA Cash Rewards card is the spending cap. $2500 per quarter is a lot worse than $10k per year, especially for things like travel where you tend to spend a lot at one time when you book hotels/flights and things rather than spread out throughout the year, unlike say dining or gas or groceries.
you can easily get around this by having multiple cards. the partnered ones don't count as the same card.
Do you mean multiple cards for the one person?
yes, i have 3 myself. i think a while back someone abused the system and got like 20+ cards, one for each MLB team. pretty sure they closed that loophole.

nonetheless, if you run the BoA portfolio it's better to put travel on the premium card instead of the cashback cards. the premium gets you 2x (= 3.5% effective with the multiplier) with no cap, and has protections equivalent to the sapphire preferred.

Topic Author
WhiteMaxima
Posts: 2143
Joined: Thu May 19, 2016 5:04 pm

Re: JPM Chase Reserve Card gets more expensive

Post by WhiteMaxima » Tue Jan 28, 2020 11:56 am

palanzo wrote:
Mon Jan 27, 2020 8:42 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 4:27 pm
mervinj7 wrote:
Wed Jan 08, 2020 4:13 pm
https://thepointsguy.com/news/significa ... erve-card/
  • Annual fee changes from $450 to $550. Effective Jan 12, 2020 for new sign ups. For renewals after April 1, 2020.
  • $300 Travel Credit unchanged
  • Free DoorPash (Doordash) for 2 years. $60 Dash Credit in 2020, $60 Dash Credit in 2021
  • Free Lyft Pink Membership
I will likely not be renewing.
Me too. I guess I would cancel after my membership expire next year. Will use Costco Citi Visa as primary travel card.
I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.
They will email you a check. Redeemable at Costco cashier. So 2% from Costco and and another 2% from Citi Visa.

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heartwood
Posts: 1538
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Re: JPM Chase Reserve Card gets more expensive

Post by heartwood » Tue Jan 28, 2020 5:54 pm

WhiteMaxima wrote:
Tue Jan 28, 2020 11:56 am
palanzo wrote:
Mon Jan 27, 2020 8:42 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 4:27 pm
mervinj7 wrote:
Wed Jan 08, 2020 4:13 pm
https://thepointsguy.com/news/significa ... erve-card/
  • Annual fee changes from $450 to $550. Effective Jan 12, 2020 for new sign ups. For renewals after April 1, 2020.
  • $300 Travel Credit unchanged
  • Free DoorPash (Doordash) for 2 years. $60 Dash Credit in 2020, $60 Dash Credit in 2021
  • Free Lyft Pink Membership
I will likely not be renewing.
Me too. I guess I would cancel after my membership expire next year. Will use Costco Citi Visa as primary travel card.
I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.
They will email you a check. Redeemable at Costco cashier. So 2% from Costco and and another 2% from Citi Visa.
2% from Citi, but you must be an Executive Member ($120/yr v. $60 for the regular) at Costco to get that additional 2%

Topic Author
WhiteMaxima
Posts: 2143
Joined: Thu May 19, 2016 5:04 pm

Re: JPM Chase Reserve Card gets more expensive

Post by WhiteMaxima » Tue Jan 28, 2020 6:19 pm

heartwood wrote:
Tue Jan 28, 2020 5:54 pm
WhiteMaxima wrote:
Tue Jan 28, 2020 11:56 am
palanzo wrote:
Mon Jan 27, 2020 8:42 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 4:27 pm
mervinj7 wrote:
Wed Jan 08, 2020 4:13 pm
https://thepointsguy.com/news/significa ... erve-card/
  • Annual fee changes from $450 to $550. Effective Jan 12, 2020 for new sign ups. For renewals after April 1, 2020.
  • $300 Travel Credit unchanged
  • Free DoorPash (Doordash) for 2 years. $60 Dash Credit in 2020, $60 Dash Credit in 2021
  • Free Lyft Pink Membership
I will likely not be renewing.
Me too. I guess I would cancel after my membership expire next year. Will use Costco Citi Visa as primary travel card.
I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.
They will email you a check. Redeemable at Costco cashier. So 2% from Costco and and another 2% from Citi Visa.
2% from Citi, but you must be an Executive Member ($120/yr v. $60 for the regular) at Costco to get that additional 2%
That's right. Total 4%. I use Fidelity Reward Visa at Costco to get same 2% reward. The point is redeemable monthly into my 529 account. Like monthly DCA.

palanzo
Posts: 816
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Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Tue Jan 28, 2020 6:53 pm

heartwood wrote:
Tue Jan 28, 2020 5:54 pm
WhiteMaxima wrote:
Tue Jan 28, 2020 11:56 am
palanzo wrote:
Mon Jan 27, 2020 8:42 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 4:27 pm
mervinj7 wrote:
Wed Jan 08, 2020 4:13 pm
https://thepointsguy.com/news/significa ... erve-card/
  • Annual fee changes from $450 to $550. Effective Jan 12, 2020 for new sign ups. For renewals after April 1, 2020.
  • $300 Travel Credit unchanged
  • Free DoorPash (Doordash) for 2 years. $60 Dash Credit in 2020, $60 Dash Credit in 2021
  • Free Lyft Pink Membership
I will likely not be renewing.
Me too. I guess I would cancel after my membership expire next year. Will use Costco Citi Visa as primary travel card.
I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.
They will email you a check. Redeemable at Costco cashier. So 2% from Costco and and another 2% from Citi Visa.
2% from Citi, but you must be an Executive Member ($120/yr v. $60 for the regular) at Costco to get that additional 2%
Executive Members receive an annual 2% Reward, up to $1,000*, on qualified Costco purchases.

So that 2% is only on Costco purchases. Is that correct?

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heartwood
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Re: JPM Chase Reserve Card gets more expensive

Post by heartwood » Tue Jan 28, 2020 7:17 pm

palanzo wrote:
Tue Jan 28, 2020 6:53 pm
heartwood wrote:
Tue Jan 28, 2020 5:54 pm
WhiteMaxima wrote:
Tue Jan 28, 2020 11:56 am
palanzo wrote:
Mon Jan 27, 2020 8:42 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 4:27 pm


Me too. I guess I would cancel after my membership expire next year. Will use Costco Citi Visa as primary travel card.
I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.
They will email you a check. Redeemable at Costco cashier. So 2% from Costco and and another 2% from Citi Visa.
2% from Citi, but you must be an Executive Member ($120/yr v. $60 for the regular) at Costco to get that additional 2%
Executive Members receive an annual 2% Reward, up to $1,000*, on qualified Costco purchases.

So that 2% is only on Costco purchases. Is that correct?
yes: https://www.costco.com/gold-star-execut ... .3166.html

note that it now includes 2% on Costco travel. That happened a year or more ago. It's an easy plus for me since we book almost all our car rentals through Costco travel. We do month long rentals when at our condo; over $6000 in that category alone, or $120, the price of the Executive Membership.

palanzo
Posts: 816
Joined: Thu Oct 10, 2019 4:28 pm

Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Tue Jan 28, 2020 7:29 pm

heartwood wrote:
Tue Jan 28, 2020 7:17 pm
palanzo wrote:
Tue Jan 28, 2020 6:53 pm
heartwood wrote:
Tue Jan 28, 2020 5:54 pm
WhiteMaxima wrote:
Tue Jan 28, 2020 11:56 am
palanzo wrote:
Mon Jan 27, 2020 8:42 pm


I've been looking at the Costco card. What is the procedure to get cash back? It's not clear to me.
They will email you a check. Redeemable at Costco cashier. So 2% from Costco and and another 2% from Citi Visa.
2% from Citi, but you must be an Executive Member ($120/yr v. $60 for the regular) at Costco to get that additional 2%
Executive Members receive an annual 2% Reward, up to $1,000*, on qualified Costco purchases.

So that 2% is only on Costco purchases. Is that correct?
yes: https://www.costco.com/gold-star-execut ... .3166.html

note that it now includes 2% on Costco travel. That happened a year or more ago. It's an easy plus for me since we book almost all our car rentals through Costco travel. We do month long rentals when at our condo; over $6000 in that category alone, or $120, the price of the Executive Membership.
Can you book any international flights, hotels, cars etc through Costco travel? Is this a website or do you have to call and make bookings?

mighty72
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Re: JPM Chase Reserve Card gets more expensive

Post by mighty72 » Wed Jan 29, 2020 1:25 am

You cannot just book flights. You can include flights in a package with your hotel. You can book a car. All can be done online.
https://www.costcotravel.com/

muffins14
Posts: 214
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Re: JPM Chase Reserve Card gets more expensive

Post by muffins14 » Wed Jan 29, 2020 1:44 am

MindBogler wrote:
Tue Jan 14, 2020 1:26 am
muffins14 wrote:
Wed Jan 08, 2020 8:42 pm

You paid for the business travel and then had it reimbursed:

-$550 annual fee
+$300 travel/dining credit
-$300 you paid for travel expense
+$300 reimbursed travel expense
= -$250

unless your company pays you double your expenses
Sorry, but I had to revisit this.

I see this math done constantly with this card.

-550 fee
+300 travel dining credit
$250 net yearly fee

And I agree with it.

In refuting my example, you added the $300 of expense. Let's do this again and count the $300 expense in the original scenario above. We come up with this result:

-550 fee
-300 spend
+300 travel credit
$550 net yearly fee

Except this result is nonsensical, because we can all intuit that if you pay a $550 annual fee and Chase gives you a travel credit on the first $300 in spend, the net fee works out to $250/yr. In one case people are counting the $300 spent and in the other they are not. The $300 spent shouldn't be counted as part of this equation because one must spend $300 in order to get $300 in credit. That zeroes out the $300. If you don't spend $300 then the cost is $550/yr. If you spend $300 and it is reimbursed by the travel credit, the fee is $250. I think we all agree on this.

Now by this same logic, if I spend my first $300/yr on work related expenses, and both my company and Chase reimburse me $300 each, I am net $50 on $550 fee.
You’re still double-counting a reimbursement for work expenses:

-550 fee
0 ( spend 300 for work, get reimbursed 300 for work)
300 chase reimbursement

= 250 fee equivalent

palanzo
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Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Wed Jan 29, 2020 1:33 pm

mighty72 wrote:
Wed Jan 29, 2020 1:25 am
You cannot just book flights. You can include flights in a package with your hotel. You can book a car. All can be done online.
https://www.costcotravel.com/
Thanks. Much less flexible than the Chase portal.

Leesbro63
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Re: JPM Chase Reserve Card gets more expensive

Post by Leesbro63 » Wed Jan 29, 2020 2:23 pm

palanzo wrote:
Wed Jan 29, 2020 1:33 pm
mighty72 wrote:
Wed Jan 29, 2020 1:25 am
You cannot just book flights. You can include flights in a package with your hotel. You can book a car. All can be done online.
https://www.costcotravel.com/
Thanks. Much less flexible than the Chase portal.
Is the Chase portal useful if you don't have or use UR points? Versus the Costcotravel portal? For instance, for rental car booking?

palanzo
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Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Wed Jan 29, 2020 4:15 pm

Leesbro63 wrote:
Wed Jan 29, 2020 2:23 pm
palanzo wrote:
Wed Jan 29, 2020 1:33 pm
mighty72 wrote:
Wed Jan 29, 2020 1:25 am
You cannot just book flights. You can include flights in a package with your hotel. You can book a car. All can be done online.
https://www.costcotravel.com/
Thanks. Much less flexible than the Chase portal.
Is the Chase portal useful if you don't have or use UR points? Versus the Costcotravel portal? For instance, for rental car booking?
Of course you need to be have UR points to use the Chase portal. If you don't have UR points there are lots of places to book flights and cars.

Jags4186
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Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Wed Jan 29, 2020 4:21 pm

Leesbro63 wrote:
Wed Jan 29, 2020 2:23 pm
Is the Chase portal useful if you don't have or use UR points? Versus the Costcotravel portal? For instance, for rental car booking?
No.

TomCat96
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Re: JPM Chase Reserve Card gets more expensive

Post by TomCat96 » Wed Jan 29, 2020 4:25 pm

Leesbro63 wrote:
Wed Jan 29, 2020 2:23 pm
palanzo wrote:
Wed Jan 29, 2020 1:33 pm
mighty72 wrote:
Wed Jan 29, 2020 1:25 am
You cannot just book flights. You can include flights in a package with your hotel. You can book a car. All can be done online.
https://www.costcotravel.com/
Thanks. Much less flexible than the Chase portal.
Is the Chase portal useful if you don't have or use UR points? Versus the Costcotravel portal? For instance, for rental car booking?

Does anyone use the Chase portal?
Last I checked even with the extra point multiplier the prices weren't competitive with simply transferring the points to partner airlines/hotels and using the points there.

palanzo
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Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Wed Jan 29, 2020 4:28 pm

TomCat96 wrote:
Wed Jan 29, 2020 4:25 pm
Leesbro63 wrote:
Wed Jan 29, 2020 2:23 pm
palanzo wrote:
Wed Jan 29, 2020 1:33 pm
mighty72 wrote:
Wed Jan 29, 2020 1:25 am
You cannot just book flights. You can include flights in a package with your hotel. You can book a car. All can be done online.
https://www.costcotravel.com/
Thanks. Much less flexible than the Chase portal.
Is the Chase portal useful if you don't have or use UR points? Versus the Costcotravel portal? For instance, for rental car booking?

Does anyone use the Chase portal?
Last I checked even with the extra point multiplier the prices weren't competitive with simply transferring the points to partner airlines/hotels and using the points there.
Have you done a price comparison between the portal and transferring points to the partners?

TomCat96
Posts: 1040
Joined: Sun Oct 18, 2015 12:18 pm

Re: JPM Chase Reserve Card gets more expensive

Post by TomCat96 » Wed Jan 29, 2020 4:35 pm

palanzo wrote:
Wed Jan 29, 2020 4:28 pm
TomCat96 wrote:
Wed Jan 29, 2020 4:25 pm
Leesbro63 wrote:
Wed Jan 29, 2020 2:23 pm
palanzo wrote:
Wed Jan 29, 2020 1:33 pm
mighty72 wrote:
Wed Jan 29, 2020 1:25 am
You cannot just book flights. You can include flights in a package with your hotel. You can book a car. All can be done online.
https://www.costcotravel.com/
Thanks. Much less flexible than the Chase portal.
Is the Chase portal useful if you don't have or use UR points? Versus the Costcotravel portal? For instance, for rental car booking?

Does anyone use the Chase portal?
Last I checked even with the extra point multiplier the prices weren't competitive with simply transferring the points to partner airlines/hotels and using the points there.
Have you done a price comparison between the portal and transferring points to the partners?
Yes. In general you should be able to get in excess of 2 cents of value out of each UR point.
On the other hand, the multiplier in the portal is 1.25 or 1.5 with the sapphire reserve using the portal. What's more is the prices on the Chase Portal look to be retail prices. So you're getting a lower point value on higher prices.

Id be happy to be corrected on this. In fact that's why I posted such a question.

Jags4186
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Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Wed Jan 29, 2020 4:45 pm

TomCat96 wrote:
Wed Jan 29, 2020 4:35 pm
Yes. In general you should be able to get in excess of 2 cents of value out of each UR point.
On the other hand, the multiplier in the portal is 1.25 or 1.5 with the sapphire reserve using the portal. What's more is the prices on the Chase Portal look to be retail prices. So you're getting a lower point value on higher prices.

Id be happy to be corrected on this. In fact that's why I posted such a question.
This is blogger puffing. While UR points (like MR and TYP) can definitely be redeemed via transferring to a partner for more than $0.02/pt, most people are not getting that type of value on a points transfer.

You can get >$0.02/pt on international premium tickets and on the very low and select very high Hyatt categories. But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer. As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.

ThePointsGuy, the biggest Chase shill on the internet, values UR at $0.02/pt. But he doesn't value a single transfer partner's points of Chase at more the $0.017/pt. Go figure...

EnjoyIt
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Re: JPM Chase Reserve Card gets more expensive

Post by EnjoyIt » Wed Jan 29, 2020 4:51 pm

I hate saying it, but I think I will keep the CSR even at the increased $250 cost. We tend to use a lot of the 5x points per dollar options out there and it is nice to be able to transfer them and get 7.5% on travel for those 5 points.

It seams like every year we get a new chase card for the bonus points. The bonus varies anywhere from 30k-80k points. Plus we spend a decent amount in the 5 points categories with other chase cards. That is 100k+ points giving us an extra $500+ making the $250 fee worth it. Plus we tend to sign up for 1 chase card a year giving another 30k-60k points which is worth $150-$300. Add in the thousands we spend on travel and restaurants for 3 points each, or 4.5% on travel it really does pay for itself.

The way I see it. Getting a new chase credit card that offers a 50k point bonus every year will offset the fee.
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VictoriaF
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Re: JPM Chase Reserve Card gets more expensive

Post by VictoriaF » Wed Jan 29, 2020 4:54 pm

Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
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EnjoyIt
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Re: JPM Chase Reserve Card gets more expensive

Post by EnjoyIt » Wed Jan 29, 2020 4:55 pm

Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
TomCat96 wrote:
Wed Jan 29, 2020 4:35 pm
Yes. In general you should be able to get in excess of 2 cents of value out of each UR point.
On the other hand, the multiplier in the portal is 1.25 or 1.5 with the sapphire reserve using the portal. What's more is the prices on the Chase Portal look to be retail prices. So you're getting a lower point value on higher prices.

Id be happy to be corrected on this. In fact that's why I posted such a question.
This is blogger puffing. While UR points (like MR and TYP) can definitely be redeemed via transferring to a partner for more than $0.02/pt, most people are not getting that type of value on a points transfer.

You can get >$0.02/pt on international premium tickets and on the very low and select very high Hyatt categories. But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer. As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.

ThePointsGuy, the biggest Chase shill on the internet, values UR at $0.02/pt. But he doesn't value a single transfer partner's points of Chase at more the $0.017/pt. Go figure...
I once got first class tickets to Europe worth $24k for 600k points. That is 4 cents per point. Reality is, I would have never bought $24k plane tickets if they were not for the points. The reality also is that I have a very hard time finding better than 1.5 cents per point value regularly.
A time to EVALUATE your jitters. | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418

Jags4186
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Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Wed Jan 29, 2020 4:55 pm

VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Nothing is more flexible than cash.

EnjoyIt
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Re: JPM Chase Reserve Card gets more expensive

Post by EnjoyIt » Wed Jan 29, 2020 5:01 pm

Jags4186 wrote:
Wed Jan 29, 2020 4:55 pm
VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Nothing is more flexible than cash.
I believe you have more options with your ticket when it is booked with miles which includes changing flights. I honestly don't know the exact details but I have seen more flexibility for myself in the past with a miles ticket as compared to a cash ticket. This is just on United for me.
A time to EVALUATE your jitters. | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418

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VictoriaF
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Re: JPM Chase Reserve Card gets more expensive

Post by VictoriaF » Wed Jan 29, 2020 5:03 pm

Jags4186 wrote:
Wed Jan 29, 2020 4:55 pm
VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Nothing is more flexible than cash.
In general, cash is the most flexible.

With United booking, reward-based travel allows excursionist itineraries and is easier to cancel.

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

TomCat96
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Re: JPM Chase Reserve Card gets more expensive

Post by TomCat96 » Wed Jan 29, 2020 5:04 pm

It's just good to have a pile of points/miles in reserve and use them when you can get a good redemption out of it.

High end Hyatt is actually where I intended to use my UR points. lol.

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VictoriaF
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Re: JPM Chase Reserve Card gets more expensive

Post by VictoriaF » Wed Jan 29, 2020 5:16 pm

Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
ThePointsGuy, the biggest Chase shill on the internet, values UR at $0.02/pt. But he doesn't value a single transfer partner's points of Chase at more the $0.017/pt. Go figure...
The Points Guy, as many other bloggers, is paid by credit card companies and other sponsors. It's important to remember that when reading his posts.

But there is still huge value of reading his site:
- comments usually contain corrections of his intentional or accidental oversight
- reading him over time provides a broader perspective. For example, for a long while TPG was recommending the CSP over the CSR, and started posting positive articles about the CSR after it became more expensive. For me, it's a red flag. With this red flag in hand, I still manage to extract useful information.
- other travel/CC bloggers provide their take on the same issues. I like to start with TPG for the volume of coverage and then go to other bloggers to get clarifications on the things that interest me.
- some SPG articles are generally useful. For example, today I found a good review of getting around Heathrow.

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

Jags4186
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Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Wed Jan 29, 2020 5:17 pm

VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Are you comparing your point redemption to the cost of that particular flight or against the best cash alternative? Are you subtracting our the rewards foregone by booking with miles vs cash and earning miles and credit card rewards? Are you subtracting out taxes and fees which for some flights can be very high (Heathrow...)...

Of course there are $0.02+/pt economy redemptions, but once you truly compare it to all possibilities the $/pt equation isn’t as good as most people think.

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VictoriaF
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Re: JPM Chase Reserve Card gets more expensive

Post by VictoriaF » Wed Jan 29, 2020 5:31 pm

Jags4186 wrote:
Wed Jan 29, 2020 5:17 pm
VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Are you comparing your point redemption to the cost of that particular flight or against the best cash alternative? Are you subtracting our the rewards foregone by booking with miles vs cash and earning miles and credit card rewards? Are you subtracting out taxes and fees which for some flights can be very high (Heathrow...)...

Of course there are $0.02+/pt economy redemptions, but once you truly compare it to all possibilities the $/pt equation isn’t as good as most people think.
In the past, my "best cash alternatives" were $1,200 to $2,000 that I have actually been paying to fly to Europe before I started collecting miles. Today, I have a specific approach for flying to Europe. I take a day flight from IAD to LHR, spend a night at an LHR hotel, and fly to my European destination the next day.

As of today, the cash price for a one-way day flight UA122 IAD-LHR in the summer of 2020 is $1,024. I have used 30k miles for such a flight. Depending on my European itinerary, my next-day flight out of LHR could be free under the Excursionist fare. (In 2020, it did not work out.)

You are right that when I am using miles, I am not collecting miles or points. But, even considering this, I am better off using United miles.

Victoria
WINNER of the 2015 Boglehead Contest. | Every joke has a bit of a joke. ... The rest is the truth. (Marat F)

TomCat96
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Re: JPM Chase Reserve Card gets more expensive

Post by TomCat96 » Wed Jan 29, 2020 5:49 pm

VictoriaF wrote:
Wed Jan 29, 2020 5:16 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
ThePointsGuy, the biggest Chase shill on the internet, values UR at $0.02/pt. But he doesn't value a single transfer partner's points of Chase at more the $0.017/pt. Go figure...
The Points Guy, as many other bloggers, is paid by credit card companies and other sponsors. It's important to remember that when reading his posts.

But there is still huge value of reading his site:
- comments usually contain corrections of his intentional or accidental oversight
- reading him over time provides a broader perspective. For example, for a long while TPG was recommending the CSP over the CSR, and started posting positive articles about the CSR after it became more expensive. For me, it's a red flag. With this red flag in hand, I still manage to extract useful information.
- other travel/CC bloggers provide their take on the same issues. I like to start with TPG for the volume of coverage and then go to other bloggers to get clarifications on the things that interest me.
- some SPG articles are generally useful. For example, today I found a good review of getting around Heathrow.

Victoria
This is how I go into it.
I'm still somewhat of a beginner on points. But as a general rule of life I never take things at face value unless I'm studying differential equations or something.

You can always read between the lines. TPG never struck me as having useful information, more of a pointing me in the directions to investigate.
I use millionmilesecrets and try to cross reference that with other blogs.

protagonist
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Re: JPM Chase Reserve Card gets more expensive

Post by protagonist » Wed Jan 29, 2020 6:02 pm

VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Wow....that sounds very high for coach transatlantic flights. But maybe not.

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LiveSimple
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Re: JPM Chase Reserve Card gets more expensive

Post by LiveSimple » Wed Jan 29, 2020 6:09 pm

I was thinking the trip cancellation insurance itself will pay off, if we book two trips per year. Am I missing anything.

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WhiteMaxima
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Re: JPM Chase Reserve Card gets more expensive

Post by WhiteMaxima » Wed Jan 29, 2020 6:12 pm

If you google flight, a trans atlantic flight could cost $550 if you are flexiable, esp if you are retired. the CSR portal airfare is not always the best. I would google flight and use CSR to pay for the flight. however, CSR car rental always beat travelocity because of the 1.5 factor. also use CSR point will include car insurance. flight cross atlantic is not expensive compare to domestic flight. CSR used to be the best travel card and sadly Chase raise the price with useless benefit.

protagonist
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Re: JPM Chase Reserve Card gets more expensive

Post by protagonist » Wed Jan 29, 2020 6:25 pm

A few points:

1. The various insurances that come with CSR may be worth it. I have used it on a few occasions. One time a flight was canceled on Spirit (horrible airline) on a Tuesday....I was stuck at the airport at midnight and the soonest they were willing to fly me home was the following Saturday, with no reimbursement for my expenses. Instead I booked a hotel that night, and a flight home the following day on a different airline. Chase reimbursed me in full for my hotel, additional flight expense and food. I also had my car towed a few times over the past few years and each time Chase paid the bill.

And the travel health insurance could potentially be very valuable.

2. For those of us who have a lot of UR points, the question is not so much whether the card is worth $250/year as much as it is whether it is worth the $155 more that it will cost vs. the $95/yr Sapphire card, since you need to maintain a paid UR card to be able to transfer points from Freedom or Freedom Unlimited to partners. I'm not sure whether it is or not. It was def. worth $55 more in the past. If you use the food delivery service (reimbursing $60/yr) that could lower the additional annual premium difference to $95. I rarely use Lyft so I don't give that much value.

3. The bang for the buck is all in signup bonuses. At, say, $0.02 per dollar spent on a hypothetical card, that is still only $200 per $10K spent, and as somebody else pointed out, the value of the points is a bit of "marketing math" because you might have found a better option if you got to pay with cash instead of points. When you compare that to a card with, say $.015/$ spent or $.03/$ spent, the difference is pretty trivial.

In the past it was much easier to churn cards and get the promo bonuses which were huge. I imagine that the CC companies were making money by raking in a lot of people with promises of a free flight and then collecting 21% interest on their balances for the rest of their life. But once enough frugal people like us learned how to game the system via forums such as these, their profits plummeted, so now it is harder to churn, benefits have been slashed and surcharges, limited seats, increased annual fees etc. have vastly reduced the value of the cards. We were lucky to get into the game when it was still hugely profitable but those days are over. Even Priority Pass lounges have become inconvenient and hard to find.

The only bang for the buck is really in the promos- the rest (i.e. day-to-day spending) is not insignificant but no big whoop. I am considering switching my whole strategy, canceling CSR, keeping a Chase trifecta of the $95/yr Sapphire (or maybe keep CSR instead), Freedom and Freedom Unl. , and finding the best free cash back card available to use day to day. When I run low on points, hopefully I will be well past 5/24 and can then churn again to the best of my ability if it is still worth it. Meanwhile I have enough UR to last me quite awhile.

Thoughts?
Last edited by protagonist on Wed Jan 29, 2020 6:34 pm, edited 4 times in total.

EddyB
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Re: JPM Chase Reserve Card gets more expensive

Post by EddyB » Wed Jan 29, 2020 6:30 pm

protagonist wrote:
Wed Jan 29, 2020 6:02 pm
VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Wow....that sounds very high for coach transatlantic flights. But maybe not.
Price a summer trip from the west coast to Europe and tell me whether you still think that's expensive.

Topic Author
WhiteMaxima
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Re: JPM Chase Reserve Card gets more expensive

Post by WhiteMaxima » Wed Jan 29, 2020 6:34 pm

Summer is always expensive. But summer is not the best season for european travel: expensive , crowd, hot. I prefer travel in spring and fall. cheap and weather is pleasant. Winter travel durimg Christmas is also very fun and interesting. Avoid crowd and expensive summer travel.

Jags4186
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Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Wed Jan 29, 2020 6:36 pm

EddyB wrote:
Wed Jan 29, 2020 6:30 pm
protagonist wrote:
Wed Jan 29, 2020 6:02 pm
VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Wow....that sounds very high for coach transatlantic flights. But maybe not.
Price a summer trip from the west coast to Europe and tell me whether you still think that's expensive.
I just priced a bunch of itineraries in June and July:

SFO to Vienna
SFO to Venice
SFO to Paris
LAX to Vienna
LAX to Venice
LAX to Paris

All priced between $750 and $1300.

Topic Author
WhiteMaxima
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Re: JPM Chase Reserve Card gets more expensive

Post by WhiteMaxima » Wed Jan 29, 2020 6:45 pm

Jags4186 wrote:
Wed Jan 29, 2020 6:36 pm
EddyB wrote:
Wed Jan 29, 2020 6:30 pm
protagonist wrote:
Wed Jan 29, 2020 6:02 pm
VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm
Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm
But most people are redeeming for domestic or international economy and those tickets are almost always getting you $0.015/pt or less value on a points transfer.

As more and more carriers move to revenue based point redemption (as United has just done) you will continue to get worse value out of your transferred miles.
My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Wow....that sounds very high for coach transatlantic flights. But maybe not.
Price a summer trip from the west coast to Europe and tell me whether you still think that's expensive.
I just priced a bunch of itineraries in June and July:

SFO to Vienna
SFO to Venice
SFO to Paris
LAX to Vienna
LAX to Venice
LAX to Paris

All priced between $750 and $1300.
Good to be retired to get a $750 trip. rent an AirBNB for $800/month in Europe heartland is not expensive than America.

Jags4186
Posts: 4880
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Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Wed Jan 29, 2020 6:52 pm

WhiteMaxima wrote:
Wed Jan 29, 2020 6:45 pm
Good to be retired to get a $750 trip. rent an AirBNB for $800/month in Europe heartland is not expensive than America.
I think most people can make Saturday to Saturday work. :sharebeer

protagonist
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Re: JPM Chase Reserve Card gets more expensive

Post by protagonist » Wed Jan 29, 2020 7:29 pm

I want to further address the "marketing voodoo math" that goes into valuing these points.

Let's consider the hypothetical card that is "valued" at 2 cents per point on travel on certain airlines.

If you didn't have that benefit, would you have chosen the exact same flight on the exact same airline at the exact same time and had the exact same choice of seats with the exact same surcharges, and would you not have earned points on that airline's program that you would not earn if you used points to purchase the ticket?
If the answer to any of those questions is "no", then the value of the points is less to you than the stated value based on buying a ticket you may not have bought in the first place.

Then consider things like "$60 annual credit if you use Door Dash". Would you have used Door Dash if you didn't have that credit? If not it is worth less to you. Would you have ordered $80 worth of food from a specific restaurant served by Door Dash that night and paid only $20 (plus tip) if you didn't have the service that would "save you $60"? If not it is worth less than $60 to you. Would you have even ordered food delivered that night, or might you have cooked at home or gone out if you weren't "saving $60"? If so it is worth less than $60 to you.

And then consider that, with many cards, if you don't renew every year you eventually lose your points, or you could wind up with less points than you need to redeem for something you want (thus useless), or the points can (and often are) devalued. And that goes on forever, as long as you are paying for the card. Sure, with UR points, in the worst case scenario, you could redeem them for cash at a penny a point. But that "obligation to renew" in order to get the value reduces the value by an intangible amount. So UR points are always worth at least .01/point (minus what you paid for the card over the years), but certainly less than their "assumed" value.
Last edited by protagonist on Wed Jan 29, 2020 8:06 pm, edited 5 times in total.

EddyB
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Re: JPM Chase Reserve Card gets more expensive

Post by EddyB » Wed Jan 29, 2020 7:54 pm

WhiteMaxima wrote:
Wed Jan 29, 2020 6:45 pm
Jags4186 wrote:
Wed Jan 29, 2020 6:36 pm
EddyB wrote:
Wed Jan 29, 2020 6:30 pm
protagonist wrote:
Wed Jan 29, 2020 6:02 pm
VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm


My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Wow....that sounds very high for coach transatlantic flights. But maybe not.
Price a summer trip from the west coast to Europe and tell me whether you still think that's expensive.
I just priced a bunch of itineraries in June and July:

SFO to Vienna
SFO to Venice
SFO to Paris
LAX to Vienna
LAX to Venice
LAX to Paris

All priced between $750 and $1300.
Good to be retired to get a $750 trip. rent an AirBNB for $800/month in Europe heartland is not expensive than America.
Cool. I’ve been pricing an actual trip from my local airport (which is neither the second nor seventh busiest airport in the US) to a major European city, to leave just after the school year ends and return three weeks later, and the current best price is $1,900 per person, plus bags. None of the cheapest itineraries is really workable (unrealistic 40-minute layovers or 6 hours of layovers), and the real candidates are just shy of $2,100 per person, plus bags. I guess another to living outside of the major metro areas is that miles are worth more (for more painful flights).

EnjoyIt
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Re: JPM Chase Reserve Card gets more expensive

Post by EnjoyIt » Wed Jan 29, 2020 8:37 pm

EddyB wrote:
Wed Jan 29, 2020 7:54 pm
WhiteMaxima wrote:
Wed Jan 29, 2020 6:45 pm
Jags4186 wrote:
Wed Jan 29, 2020 6:36 pm
EddyB wrote:
Wed Jan 29, 2020 6:30 pm
protagonist wrote:
Wed Jan 29, 2020 6:02 pm


Wow....that sounds very high for coach transatlantic flights. But maybe not.
Price a summer trip from the west coast to Europe and tell me whether you still think that's expensive.
I just priced a bunch of itineraries in June and July:

SFO to Vienna
SFO to Venice
SFO to Paris
LAX to Vienna
LAX to Venice
LAX to Paris

All priced between $750 and $1300.
Good to be retired to get a $750 trip. rent an AirBNB for $800/month in Europe heartland is not expensive than America.
Cool. I’ve been pricing an actual trip from my local airport (which is neither the second nor seventh busiest airport in the US) to a major European city, to leave just after the school year ends and return three weeks later, and the current best price is $1,900 per person, plus bags. None of the cheapest itineraries is really workable (unrealistic 40-minute layovers or 6 hours of layovers), and the real candidates are just shy of $2,100 per person, plus bags. I guess another to living outside of the major metro areas is that miles are worth more (for more painful flights).
I find deals with miles for super saver fares giving 8 cents per mile for business class. I then look at the trip and I am flying halfway around the world and back just to get to my destination with huge layovers. I don't care how much time I have I am not spending and extra day crammed in a seat for better redemption.
A time to EVALUATE your jitters. | https://www.bogleheads.org/forum/viewtopic.php?f=10&t=79939&start=400#p5275418

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jainn
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Re: JPM Chase Reserve Card gets more expensive

Post by jainn » Wed Jan 29, 2020 9:00 pm

WhiteMaxima wrote:
Wed Jan 29, 2020 6:45 pm
Jags4186 wrote:
Wed Jan 29, 2020 6:36 pm
EddyB wrote:
Wed Jan 29, 2020 6:30 pm
protagonist wrote:
Wed Jan 29, 2020 6:02 pm
VictoriaF wrote:
Wed Jan 29, 2020 4:54 pm


My typical redemption is 60k miles in United Economy for trans-Atlantic round-trip flights. In the past, I was paying anywhere from $1,200 to $2,000 for these flights. Thus, my redemption is at least 2c/mile.

It's possible that the revenue-based redemption may require me to use more miles for these flights, but even then, using miles provides me with more flexibility than paying cash.

Victoria
Wow....that sounds very high for coach transatlantic flights. But maybe not.
Price a summer trip from the west coast to Europe and tell me whether you still think that's expensive.
I just priced a bunch of itineraries in June and July:

SFO to Vienna
SFO to Venice
SFO to Paris
LAX to Vienna
LAX to Venice
LAX to Paris

All priced between $750 and $1300.
Good to be retired to get a $750 trip. rent an AirBNB for $800/month in Europe heartland is not expensive than America.
$27/night ($24 EUR/nt) Airbnb? Gross. No thank you!

palanzo
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Joined: Thu Oct 10, 2019 4:28 pm

Re: JPM Chase Reserve Card gets more expensive

Post by palanzo » Wed Jan 29, 2020 9:42 pm

protagonist wrote:
Wed Jan 29, 2020 6:25 pm
A few points:

1. The various insurances that come with CSR may be worth it. I have used it on a few occasions. One time a flight was canceled on Spirit (horrible airline) on a Tuesday....I was stuck at the airport at midnight and the soonest they were willing to fly me home was the following Saturday, with no reimbursement for my expenses. Instead I booked a hotel that night, and a flight home the following day on a different airline. Chase reimbursed me in full for my hotel, additional flight expense and food. I also had my car towed a few times over the past few years and each time Chase paid the bill.

And the travel health insurance could potentially be very valuable.

2. For those of us who have a lot of UR points, the question is not so much whether the card is worth $250/year as much as it is whether it is worth the $155 more that it will cost vs. the $95/yr Sapphire card, since you need to maintain a paid UR card to be able to transfer points from Freedom or Freedom Unlimited to partners. I'm not sure whether it is or not. It was def. worth $55 more in the past. If you use the food delivery service (reimbursing $60/yr) that could lower the additional annual premium difference to $95. I rarely use Lyft so I don't give that much value.

3. The bang for the buck is all in signup bonuses. At, say, $0.02 per dollar spent on a hypothetical card, that is still only $200 per $10K spent, and as somebody else pointed out, the value of the points is a bit of "marketing math" because you might have found a better option if you got to pay with cash instead of points. When you compare that to a card with, say $.015/$ spent or $.03/$ spent, the difference is pretty trivial.

In the past it was much easier to churn cards and get the promo bonuses which were huge. I imagine that the CC companies were making money by raking in a lot of people with promises of a free flight and then collecting 21% interest on their balances for the rest of their life. But once enough frugal people like us learned how to game the system via forums such as these, their profits plummeted, so now it is harder to churn, benefits have been slashed and surcharges, limited seats, increased annual fees etc. have vastly reduced the value of the cards. We were lucky to get into the game when it was still hugely profitable but those days are over. Even Priority Pass lounges have become inconvenient and hard to find.

The only bang for the buck is really in the promos- the rest (i.e. day-to-day spending) is not insignificant but no big whoop. I am considering switching my whole strategy, canceling CSR, keeping a Chase trifecta of the $95/yr Sapphire (or maybe keep CSR instead), Freedom and Freedom Unl. , and finding the best free cash back card available to use day to day. When I run low on points, hopefully I will be well past 5/24 and can then churn again to the best of my ability if it is still worth it. Meanwhile I have enough UR to last me quite awhile.

Thoughts?
Are you sure that you need to maintain a paid UR card to be able to transfer points from Freedom or Freedom Unlimited to partners? I called Chase yesterday and was told I could make a product change to Sapphire Preferred or Freedom or Freedom Unlimited and keep and use all my UR points.

How would you use the Chase Trifecta? Another approach is to get the Alliant Signature Visa and get out of the points game, and then find better options by paying cash.

What is the problem in finding Priority Pass lounges? Is there another way to get the Priority Pass lounges without CSR?

SlowMovingInvestor
Posts: 1760
Joined: Sun Sep 11, 2016 11:27 am

Re: JPM Chase Reserve Card gets more expensive

Post by SlowMovingInvestor » Wed Jan 29, 2020 10:03 pm

Jags4186 wrote:
Wed Jan 29, 2020 4:45 pm

ThePointsGuy, the biggest Chase shill on the internet, values UR at $0.02/pt. But he doesn't value a single transfer partner's points of Chase at more the $0.017/pt. Go figure...
Not to defend the Points Guy's valuation, but clearly the value of being able to transfer to whole host of programs, some of which may have special award availability at a particular time, justifies valuing URs higher than any single partner points.

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