JPM Chase Reserve Card gets more expensive

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TravelGeek
Posts: 3178
Joined: Sat Oct 25, 2014 3:23 pm

Re: JPM Chase Reserve Card gets more expensive

Post by TravelGeek » Sun Jan 12, 2020 8:30 pm

AlphaLess wrote:
Sun Jan 12, 2020 4:27 pm

Thank you for the question. Good to consider the whys.

1. It is zero deductible,
2. The terms are very very generous, covering glass, minor damage,
3. There are very few limitations, like which countries are included,
4. I think there is a better chance that Amex will be more hassle free than Chase.
1. Isn’t the CSR coverage zero deductible as well?

2. Are glass/minor damages excluded by the CSR coverage?

3. To be specific, these countries: Australia, Ireland, Israel, Italy, Jamaica, and New Zealand. The CSR benefits brochure actually is not specific and doesn’t list specific excluded countries (“This benefit is available in the United States and most foreign countries”). The card is a VISA Infinite card, and VISA itself is more specific:

“ For international rentals, this benefit covers the rental vehicle for physical damage, vandalism and theft. Coverage does not apply to lost or stolen personal belongings, injury to anyone, medical expenses or personal liability. You may rent the vehicle for up to 31 consecutive days per contract and you must report damages to the Benefit Administrator within 45 days of the incident. Coverage is not available in Jamaica, the Republic of Ireland, Northern Ireland or Israel. It is not available where it is prohibited by law or by individual merchants, or is in violation of the territory terms of the rental agreement. Please note: Regulations vary outside the United States, so it is recommended that you check with the auto rental company before you travel to make sure this benefit will apply. If you happen to be renting a vehicle in Australia, New Zealand, Costa Rica or Italy, please note: often, the purchase of a minimum level of collision damage coverage is mandated in these countries. In that case, your benefit is supplemental to that required coverage.”

So basically a similar list of countries as Amex, except that some countries (Australia, NZ, ...) aren’t fully excluded from coverage with CSR/VISA?

I think I will contact the benefits administrator tomorrow to see if I can get clarification on that.

4. I have no personal experience with filing a claim with either company.

I think some other differences are:

Amex: up to 42 day rentals (unless you live in WA state, then 30), Chase: 31 days
Amex: $100k limit, Chase: $75k limit

I think I rent about 10-12 times per year and always use the CSR to pay for the rental. For domestic rentals I always have the backstop of my personal automobile insurance, and since I am obviously comfortable with its coverage for my daily driving, I think I am well protected with the additional CSR layer when I drive a rented vehicle.

Da5id
Posts: 2119
Joined: Fri Feb 26, 2016 8:20 am

Re: JPM Chase Reserve Card gets more expensive

Post by Da5id » Sun Jan 12, 2020 9:31 pm

Artsdoctor wrote:
Sun Jan 12, 2020 4:00 pm
Da5id wrote:
Sun Jan 12, 2020 12:20 pm
I asked Chase how the Lyft Pink signup worked, and they said
As a Sapphire Reserve® Card customer, xxxxx, you have
access to complimentary Lyft Pink membership for one year
as soon as you activate the offer in the Lyft mobile app.

Lyft Pink membership includes preferred pricing, priority
airport pickups, exclusive offers and more.

Only one user on your Sapphire Reserve® Card credit card
account is eligible for a membership.
I was curious if it was OK for my son (who doesn't have CSR) to be the user, and the answer above seems to say yes as long as it is charged to my card.
You might want to double-check this. If your son uses your CSR VISA account for billing purposes, you'll definitely get many of the benefits but I don't think he'll be getting the 15% off of rides. I'm working through this very question myself: I signed up for Lyft Pink today, I'll get the benefits with the 15% off, but my spouse who has designated the CSR account for billing purposes will not get the 15% off.
I gather it is one account per CSR, that is what it seems to be saying?

bling
Posts: 371
Joined: Sat Jan 21, 2012 12:49 pm

Re: JPM Chase Reserve Card gets more expensive

Post by bling » Sun Jan 12, 2020 10:15 pm

UALflyer wrote:
Fri Jan 10, 2020 8:21 am
mervinj7 wrote:
Thu Jan 09, 2020 12:23 pm
More importantly, according to my year-end summary, we spend $24k on food/travel category in 2019 (majority of that is reimbursed). We get 3% back on that which we then use at 1.5 cpp in the Chase Portal to book our own personal travel. That's effectively 4.5% back on $24k or $1080 in cash back just on one category. The rest of our monthly expenses are on our Chase Freedom Unlimited which gives 1.5% back nominally in points which also get a 1.5 cpp multiplier for 2.25% on the remainder of our spending. Decisions, decisions...
If you were to get rid of your CSR, it's not like all that spending would result in zero rewards. For instance, if you have Platinum Honors with BOA, BOA's Premium Rewards pays back 3.5% cashback on travel and dining and 2.625% on everything else ($95/year annual fee, but you get a $100 credit to use towards miscellaneous airline expenses).

So, with your $24K in travel and dining spending, the CSR's cashback was 1% higher than you would've gotten through BOA, which in your case is $240. This effectively pays for the dues increase on the CSR, so you effectively get all the other features at no additional cost, but is a far cry from the $1,080 cashback.
if you have 100k of cash/investments with BoA it pretty much destroys everything else out there because of the multiplier. premium rewards gives you a floor of 2.625% for all purchases, and cash rewards gets you 5.25% on various categories. oh, and you can have more than one cash rewards card.

MindBogler
Posts: 885
Joined: Wed Apr 17, 2013 12:05 pm

Re: JPM Chase Reserve Card gets more expensive

Post by MindBogler » 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.

decapod10
Posts: 429
Joined: Thu Dec 28, 2017 6:46 pm

Re: JPM Chase Reserve Card gets more expensive

Post by decapod10 » Tue Jan 14, 2020 1:58 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.
Edit: actually I changed my mind, doesn't matter about the personal spend, it's $250 AF.

Adam using CSR
$550 annual fee
$1000 personal travel spend
-$300 credit
Total spent $1250

Ben paying cash
$1000 personal travel spend
Total spent $1000

You can see here the net AF is $1250-$1000=$250

Charlie using CSR
$550 annual fee
$1000 personal travel spend
$300 business travel spend
-$300 business reimbursement
-$300 travel credit
Total spent $1250 (exactly the same as Adam)
Net AF $250

David using CSR for business and pays for personal travel in cash
$550 annual fee
$300 business travel spend
-$300 business reimbursement
-$300 travel credit
CSR total $250

Personal travel $1000 in cash
Total spent $1250

I don't think it matters how you slice it.

student
Posts: 4284
Joined: Fri Apr 03, 2015 6:58 am

Re: JPM Chase Reserve Card gets more expensive

Post by student » Tue Jan 14, 2020 8:28 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.
This is true if you do not spend $300 on travel on your own; otherwise, the annual fee is still $250 minus the rewards points generated by your work related expenses.

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TexasPE
Posts: 246
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Location: Southeast Texas

Re: JPM Chase Reserve Card gets more expensive

Post by TexasPE » Tue Jan 14, 2020 9:05 am

From the comments looks like the card value to the holder is situational.

For me, the Priority Pass Select (PPS) alone makes it worthwhile. My home airport is IAH. IAH has two airport lounges and two decent restaurants in the PPS network. I'm retired so my wife travels with me. We make ~5 trips each year (vacation/ see family). Our usual airport destinations also have PPS lounges. We can get a meal or relax on both ends of our trip. Each trip includes a car rental.

The primary auto insurance coverage and other benefits are icing on the cake. YMMV.
At 20: I cared what everyone thought about me | At 40: I didn't give a damn what anyone thought of me | Now that I'm 60: I realize that no one was really thinking about me at all | Winston Churchill (?)

Jags4186
Posts: 4073
Joined: Wed Jun 18, 2014 7:12 pm

Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Tue Jan 14, 2020 9:08 am

student wrote:
Tue Jan 14, 2020 8:28 am


This is true if you do not spend $300 on travel on your own; otherwise, the annual fee is still $250 minus the rewards points generated by your work related expenses.
You do not earn rewards on the $300 of travel creditexpenses.

student
Posts: 4284
Joined: Fri Apr 03, 2015 6:58 am

Re: JPM Chase Reserve Card gets more expensive

Post by student » Tue Jan 14, 2020 11:05 am

Jags4186 wrote:
Tue Jan 14, 2020 9:08 am
student wrote:
Tue Jan 14, 2020 8:28 am


This is true if you do not spend $300 on travel on your own; otherwise, the annual fee is still $250 minus the rewards points generated by your work related expenses.
You do not earn rewards on the $300 of travel creditexpenses.
This does not apply to the otherwise clause. Here, someone spends $300 on his/her own travel capturing the $300 rebate (which does not earn reward points). Thus the annual fee is effectively $250. Then work related expenses will not earn the $300 rebate but will earn reward points. Thus the conclusion the annual fee is still $259 minus the reward points generated by one's work related expenses.

Jags4186
Posts: 4073
Joined: Wed Jun 18, 2014 7:12 pm

Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Tue Jan 14, 2020 11:27 am

student wrote:
Tue Jan 14, 2020 11:05 am
Jags4186 wrote:
Tue Jan 14, 2020 9:08 am
student wrote:
Tue Jan 14, 2020 8:28 am


This is true if you do not spend $300 on travel on your own; otherwise, the annual fee is still $250 minus the rewards points generated by your work related expenses.
You do not earn rewards on the $300 of travel creditexpenses.
This does not apply to the otherwise clause. Here, someone spends $300 on his/her own travel capturing the $300 rebate (which does not earn reward points). Thus the annual fee is effectively $250. Then work related expenses will not earn the $300 rebate but will earn reward points. Thus the conclusion the annual fee is still $259 minus the reward points generated by one's work related expenses.
The points earned from spend, even reimbursable business expenses, don't reduce the annual fee. You could put the reimbursable expenses on any personal card and receive rewards. This is not something unique to the CSR. There is opportunity cost for putting spend on the CSR vs other products. And if that opportunity cost is dollar for dollar, then there is no advantage to paying the annual fee vs an alternative lower or no annual fee option.

You can get the same 3pts/$ on travel and dining with, for example, the less expensive AMEX Green or free Wells Fargo Propel. You can even get the same $0.015/pt redemption option with either card when paired with another product from that bank.

MichCPA
Posts: 851
Joined: Fri Jul 06, 2018 9:06 pm

Re: JPM Chase Reserve Card gets more expensive

Post by MichCPA » Tue Jan 14, 2020 11:52 am

TravelGeek wrote:
Wed Jan 08, 2020 6:13 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 6:09 pm
Leesbro63 wrote:
Wed Jan 08, 2020 5:53 pm
I just want to confirm that the Chase Sapphire Preferred card (not the card in the subject title) will continue to be $95 and have primary rental car coverage...is that correct?
Costco Citi has primary rental car coverage and it's free (costco member fee is $60)
I'd double-check that.

https://www.cardbenefits.citi.com/~/med ... coCon.ashx

"In the United States, the coverage provided by this benefit is secondary"
Pretty much all Citi benefits were obliterated on Sept 22. Insurances and price rewind are dead.

afoolwithmoney
Posts: 34
Joined: Sun Aug 30, 2015 10:31 pm

Re: JPM Chase Reserve Card gets more expensive

Post by afoolwithmoney » Tue Jan 14, 2020 12:21 pm

I don't know whether to keep it the CSR. I signed up for United, Alaska, and now the Southwest cards all for their signup bonuses. Turns out it's useful to have the United and Alaska cards due to the free checked bags. Southwest I may cancel though. Anyone compared the value of a general card like the CSR to having a few airline-specific cards? Since I have a kid that's usually two checked bags which means $59*2 each way so $236 per round trip!

BeneIRA
Posts: 687
Joined: Sat Nov 29, 2014 8:43 pm

Re: JPM Chase Reserve Card gets more expensive

Post by BeneIRA » Tue Jan 14, 2020 12:39 pm

afoolwithmoney wrote:
Tue Jan 14, 2020 12:21 pm
I don't know whether to keep it the CSR. I signed up for United, Alaska, and now the Southwest cards all for their signup bonuses. Turns out it's useful to have the United and Alaska cards due to the free checked bags. Southwest I may cancel though. Anyone compared the value of a general card like the CSR to having a few airline-specific cards? Since I have a kid that's usually two checked bags which means $59*2 each way so $236 per round trip!
When the annual fee posts for the Southwest card, call in and say you are thinking about canceling, they will probably give you a credit of some sort to keep you around for another year, then you can cancel in a year.

The whole "Employer reimburses me" argument doesn't make sense to me. If I spend $300 and a friend gives me $300, I am not up $300. I am up whatever rewards I wouldn't have gotten. That is 900 Ultimate Rewards points or about $14.50 if you value UR at 1.5 cents per point. That's my gain, not $300.

the way
Posts: 52
Joined: Sat Oct 26, 2019 6:00 pm

Re: JPM Chase Reserve Card gets more expensive

Post by the way » Tue Jan 14, 2020 1:38 pm

MindBogler wrote:
Tue Jan 14, 2020 1:26 am
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.
heh, think of it this way: how much do you have in your bank account after all this, $50 more or $250 less?

TravelGeek
Posts: 3178
Joined: Sat Oct 25, 2014 3:23 pm

Re: JPM Chase Reserve Card gets more expensive

Post by TravelGeek » Tue Jan 14, 2020 1:43 pm

MichCPA wrote:
Tue Jan 14, 2020 11:52 am
TravelGeek wrote:
Wed Jan 08, 2020 6:13 pm
WhiteMaxima wrote:
Wed Jan 08, 2020 6:09 pm
Leesbro63 wrote:
Wed Jan 08, 2020 5:53 pm
I just want to confirm that the Chase Sapphire Preferred card (not the card in the subject title) will continue to be $95 and have primary rental car coverage...is that correct?
Costco Citi has primary rental car coverage and it's free (costco member fee is $60)
I'd double-check that.

https://www.cardbenefits.citi.com/~/med ... coCon.ashx

"In the United States, the coverage provided by this benefit is secondary"
Pretty much all Citi benefits were obliterated on Sept 22. Insurances and price rewind are dead.
While that is generally correct, if you look at the document I linked to, you will find that it is effective Sept 22, 2019 and lists the rental car coverage as a benefit. I believe (no personal experience) that the Costco card was somewhat spared from the benefits cuts.

student
Posts: 4284
Joined: Fri Apr 03, 2015 6:58 am

Re: JPM Chase Reserve Card gets more expensive

Post by student » Tue Jan 14, 2020 3:09 pm

Jags4186 wrote:
Tue Jan 14, 2020 11:27 am
student wrote:
Tue Jan 14, 2020 11:05 am
Jags4186 wrote:
Tue Jan 14, 2020 9:08 am
student wrote:
Tue Jan 14, 2020 8:28 am


This is true if you do not spend $300 on travel on your own; otherwise, the annual fee is still $250 minus the rewards points generated by your work related expenses.
You do not earn rewards on the $300 of travel creditexpenses.
This does not apply to the otherwise clause. Here, someone spends $300 on his/her own travel capturing the $300 rebate (which does not earn reward points). Thus the annual fee is effectively $250. Then work related expenses will not earn the $300 rebate but will earn reward points. Thus the conclusion the annual fee is still $259 minus the reward points generated by one's work related expenses.
The points earned from spend, even reimbursable business expenses, don't reduce the annual fee. You could put the reimbursable expenses on any personal card and receive rewards. This is not something unique to the CSR. There is opportunity cost for putting spend on the CSR vs other products. And if that opportunity cost is dollar for dollar, then there is no advantage to paying the annual fee vs an alternative lower or no annual fee option.

You can get the same 3pts/$ on travel and dining with, for example, the less expensive AMEX Green or free Wells Fargo Propel. You can even get the same $0.015/pt redemption option with either card when paired with another product from that bank.
My statement does not contradict what you wrote. Just a different prospective. I think it is easier to compute the net cost/benefit for each card, and then compare the numbers, hence I computed the way I did.

MikeG62
Posts: 2297
Joined: Tue Nov 15, 2016 3:20 pm
Location: New Jersey

Re: JPM Chase Reserve Card gets more expensive

Post by MikeG62 » Tue Jan 14, 2020 3:26 pm

afoolwithmoney wrote:
Tue Jan 14, 2020 12:21 pm
I don't know whether to keep it the CSR. I signed up for United, Alaska, and now the Southwest cards all for their signup bonuses. Turns out it's useful to have the United and Alaska cards due to the free checked bags. Southwest I may cancel though. Anyone compared the value of a general card like the CSR to having a few airline-specific cards? Since I have a kid that's usually two checked bags which means $59*2 each way so $236 per round trip!
Yes, I have both. More specifically, I have the Chase Sapphire Reserve and I also have airline branded credit cards for American Airlines, United, Jet Blue and Delta. The reason I have these airline-branded cards is for the free checked bag benefit (each trip with my wife is two free checked bags each way). Takes only one flight per airline per year to more than offset the annual fee on each card. Aggregate annual fee on these four cards was just under $400 in 2019 and savings from the free checked bags was $900. Then add in the priority boarding benefit on three of those cards.

Value of UR points for us (at 4.5 cents per point) has averaged around $1,800 per year for each of the last three years. This for a net cost of $150 (going to $250).

Seems like a no-brainer to me to have both types of cards given the nature and $ amount of our spend and the number of times we are on an airplane.
Last edited by MikeG62 on Tue Jan 14, 2020 6:09 pm, edited 1 time in total.
Real Knowledge Comes Only From Experience

afoolwithmoney
Posts: 34
Joined: Sun Aug 30, 2015 10:31 pm

Re: JPM Chase Reserve Card gets more expensive

Post by afoolwithmoney » Tue Jan 14, 2020 3:38 pm

MikeG62 wrote:
Tue Jan 14, 2020 3:26 pm
afoolwithmoney wrote:
Tue Jan 14, 2020 12:21 pm
I don't know whether to keep it the CSR. I signed up for United, Alaska, and now the Southwest cards all for their signup bonuses. Turns out it's useful to have the United and Alaska cards due to the free checked bags. Southwest I may cancel though. Anyone compared the value of a general card like the CSR to having a few airline-specific cards? Since I have a kid that's usually two checked bags which means $59*2 each way so $236 per round trip!
Yes, I have both. More specifically, I have the Chase Sapphire Reserve and I also have airline branded credit cards for American Airlines, United, Jet Blue and Delta. The reason I have these airline-branded cards is for the free checked bag benefit (each trip with my wife is two free checked bags each way). Takes only one flight per airline per year to more than offset the annual fee on each card. Aggregate annual fee on these four cards was just under $400 in 2019 and savings from the free checked bags was $900. Then add in the priority boarding benefit on three of those cards.

Value of UR points for us (at 4.5 cents per point) has averaged around $1,800 per year for each of the last four years. This for a net cost of $150 (going to $250).

Seems like a no-brainer to me to have both types of cards given the nature and $ amount of our spend and the number of times we are on an airplane.
If you're booking all your flights on the airline cards (like I am) when are you using the CSR card? I mostly visit family so there are rarely hotel costs. Dining, ok, but that's not that much.

MisterBill
Posts: 507
Joined: Thu Dec 24, 2015 3:21 pm

Re: JPM Chase Reserve Card gets more expensive

Post by MisterBill » Tue Jan 14, 2020 4:14 pm

bling wrote:
Sun Jan 12, 2020 10:15 pm
if you have 100k of cash/investments with BoA it pretty much destroys everything else out there because of the multiplier. premium rewards gives you a floor of 2.625% for all purchases, and cash rewards gets you 5.25% on various categories. oh, and you can have more than one cash rewards card.
Except if you have CSR and the Chase Freedom card that does 5% quarterly categories. I have 3 Freedom cards and maxed out the category bonus on all of them last quarter because it was Paypal as well as Chase Pay (which I got for using Samsung Pay). So my $225 in rewards (3x$1500x5%) became work $337.50 (50% bonus) for a total of 7.5% cash back on that category.

Now, that particular situation isn't going to repeat itself because Chase Pay is going away so it will no longer be a bonus category (or link to Samsung Pay).

TravelGeek
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Joined: Sat Oct 25, 2014 3:23 pm

Re: JPM Chase Reserve Card gets more expensive

Post by TravelGeek » Tue Jan 14, 2020 4:19 pm

afoolwithmoney wrote:
Tue Jan 14, 2020 3:38 pm

If you're booking all your flights on the airline cards (like I am) when are you using the CSR card? I mostly visit family so there are rarely hotel costs. Dining, ok, but that's not that much.
I am booking virtually all my airline tickets with the CSR or Amex Plat for better earnings and insurance benefits. Most/Many domestic airlines don’t require that you the affiliate card in order to claim the free bag benefit.

https://thriftytraveler.com/free-checke ... line-card/

mrx
Posts: 46
Joined: Mon Aug 28, 2017 12:07 am

Re: JPM Chase Reserve Card gets more expensive

Post by mrx » Tue Jan 14, 2020 5:43 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.
This is directly targeted to me. We use Doordash and lyft frequently. This is saving me more money for the next two years. I am keeping the card and I am happier with it now, but I will keep an eye on another cards in a year unless they keep extending more perks.

afan
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Re: JPM Chase Reserve Card gets more expensive

Post by afan » Tue Jan 14, 2020 5:51 pm

The Doordash looks useless to us. We don't order delivery and the list of restaurants covered does not include any whose food we would want. Maybe I could use it during business trips as a cheaper alternative to going out to eat.

The Lyft will keep the annual cash flow in the black, but not by as much as before. If the LyftPass is only free for a year but the discount and extra points continue, then maybe it will pay to keep. It will be close.
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mervinj7
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Re: JPM Chase Reserve Card gets more expensive

Post by mervinj7 » Tue Jan 14, 2020 6:06 pm

mrx wrote:
Tue Jan 14, 2020 5:43 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.
This is directly targeted to me. We use Doordash and lyft frequently. This is saving me more money for the next two years. I am keeping the card and I am happier with it now, but I will keep an eye on another cards in a year unless they keep extending more perks.
I edited my original comment. The doordash credit is more useful than I thought. I didn't realize that pickup (instead of delivery) was an option. Thus, there are no added fees (e.g no delivery fee, no service fee, no tip) at one local restaurant I checked. Between that and the 15% off Lyft, my out of pocket costs are similar to before the change.

MikeG62
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Location: New Jersey

Re: JPM Chase Reserve Card gets more expensive

Post by MikeG62 » Tue Jan 14, 2020 6:07 pm

afoolwithmoney wrote:
Tue Jan 14, 2020 3:38 pm
MikeG62 wrote:
Tue Jan 14, 2020 3:26 pm
afoolwithmoney wrote:
Tue Jan 14, 2020 12:21 pm
I don't know whether to keep it the CSR. I signed up for United, Alaska, and now the Southwest cards all for their signup bonuses. Turns out it's useful to have the United and Alaska cards due to the free checked bags. Southwest I may cancel though. Anyone compared the value of a general card like the CSR to having a few airline-specific cards? Since I have a kid that's usually two checked bags which means $59*2 each way so $236 per round trip!
Yes, I have both. More specifically, I have the Chase Sapphire Reserve and I also have airline branded credit cards for American Airlines, United, Jet Blue and Delta. The reason I have these airline-branded cards is for the free checked bag benefit (each trip with my wife is two free checked bags each way). Takes only one flight per airline per year to more than offset the annual fee on each card. Aggregate annual fee on these four cards was just under $400 in 2019 and savings from the free checked bags was $900. Then add in the priority boarding benefit on three of those cards.

Value of UR points for us (at 4.5 cents per point) has averaged around $1,800 per year for each of the last three years. This for a net cost of $150 (going to $250).

Seems like a no-brainer to me to have both types of cards given the nature and $ amount of our spend and the number of times we are on an airplane.
If you're booking all your flights on the airline cards (like I am) when are you using the CSR card? I mostly visit family so there are rarely hotel costs. Dining, ok, but that's not that much.
It's very person specific.

I have never charged one dollar of airfare to my CSR card. We nonetheless have a three year average annual spend of ~$40K to the CSR card (hotels and restaurants while traveling, anything purchased while out of the country (because there are no FTF's), car service (car to/from airport, rental cars or Uber/Lyft while away) as well as all dining when home. It adds up. We are retired and we travel quite a bit. The vast majority of our travel requires hotel stays and eating out (and we tend to stay in high end hotels and eat in the nicest restaurants in the areas we travel to). Most of our family is local.
Real Knowledge Comes Only From Experience

jhawktx
Posts: 180
Joined: Thu May 19, 2011 8:15 am

Re: JPM Chase Reserve Card gets more expensive

Post by jhawktx » Tue Jan 14, 2020 6:31 pm

TravelGeek wrote:
Sun Jan 12, 2020 8:30 pm
AlphaLess wrote:
Sun Jan 12, 2020 4:27 pm

Thank you for the question. Good to consider the whys.

1. It is zero deductible,
2. The terms are very very generous, covering glass, minor damage,
3. There are very few limitations, like which countries are included,
4. I think there is a better chance that Amex will be more hassle free than Chase.
1. Isn’t the CSR coverage zero deductible as well?

2. Are glass/minor damages excluded by the CSR coverage?

3. To be specific, these countries: Australia, Ireland, Israel, Italy, Jamaica, and New Zealand. The CSR benefits brochure actually is not specific and doesn’t list specific excluded countries (“This benefit is available in the United States and most foreign countries”). The card is a VISA Infinite card, and VISA itself is more specific:

“ For international rentals, this benefit covers the rental vehicle for physical damage, vandalism and theft. Coverage does not apply to lost or stolen personal belongings, injury to anyone, medical expenses or personal liability. You may rent the vehicle for up to 31 consecutive days per contract and you must report damages to the Benefit Administrator within 45 days of the incident. Coverage is not available in Jamaica, the Republic of Ireland, Northern Ireland or Israel. It is not available where it is prohibited by law or by individual merchants, or is in violation of the territory terms of the rental agreement. Please note: Regulations vary outside the United States, so it is recommended that you check with the auto rental company before you travel to make sure this benefit will apply. If you happen to be renting a vehicle in Australia, New Zealand, Costa Rica or Italy, please note: often, the purchase of a minimum level of collision damage coverage is mandated in these countries. In that case, your benefit is supplemental to that required coverage.”

So basically a similar list of countries as Amex, except that some countries (Australia, NZ, ...) aren’t fully excluded from coverage with CSR/VISA?

I think I will contact the benefits administrator tomorrow to see if I can get clarification on that.

4. I have no personal experience with filing a claim with either company.

I think some other differences are:

Amex: up to 42 day rentals (unless you live in WA state, then 30), Chase: 31 days
Amex: $100k limit, Chase: $75k limit

I think I rent about 10-12 times per year and always use the CSR to pay for the rental. For domestic rentals I always have the backstop of my personal automobile insurance, and since I am obviously comfortable with its coverage for my daily driving, I think I am well protected with the additional CSR layer when I drive a rented vehicle.
Hmmm. I just called Chase a week ago about car rental CDW coverage in Ireland. They said CDW coverage does apply in Ireland. Note that the CSR wording says some of the normal VISA Infinite coverages have been modified for CSR. So I am unclear again.

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

Post by WhiteMaxima » Tue Jan 14, 2020 6:42 pm

If you travel a lot with air, and rental car. The CSR is still worth to keep. Though the air fare through their travel portal is not always best priced. However, I found their car rental are fairly priced. Plus you can use the Priority lounge for meal and sometimes shower. I don't order food deliver service and use Uber and Lyft sometimes. Though $250 fee is kind of high, I might substitute CSR with Costco CitiBank Visa (4% gas, 3% travek and eat out, 2% warehouse purchase, no foreign transition fee).

bling
Posts: 371
Joined: Sat Jan 21, 2012 12:49 pm

Re: JPM Chase Reserve Card gets more expensive

Post by bling » Tue Jan 14, 2020 7:08 pm

MisterBill wrote:
Tue Jan 14, 2020 4:14 pm
bling wrote:
Sun Jan 12, 2020 10:15 pm
if you have 100k of cash/investments with BoA it pretty much destroys everything else out there because of the multiplier. premium rewards gives you a floor of 2.625% for all purchases, and cash rewards gets you 5.25% on various categories. oh, and you can have more than one cash rewards card.
Except if you have CSR and the Chase Freedom card that does 5% quarterly categories. I have 3 Freedom cards and maxed out the category bonus on all of them last quarter because it was Paypal as well as Chase Pay (which I got for using Samsung Pay). So my $225 in rewards (3x$1500x5%) became work $337.50 (50% bonus) for a total of 7.5% cash back on that category.

Now, that particular situation isn't going to repeat itself because Chase Pay is going away so it will no longer be a bonus category (or link to Samsung Pay).
I've had the Chase trifecta for a long time. I'm actually more glad than sad that the annual fee will urge me to cancel.

The $250 effective annual fee requires spending 16.6k assuming 1.5cpp just to break even. That's crazy. Lyft is worthless to me. I'll use the Doordash credit because free is free. But even at $190 you need to spend 12.67k to break even.

Lounge access and primary car insurance is nice, but not $190-250 nice.

The freedom bonus is obviously nice, but only limited to 3 months a year for the category. With BoA, every restaurant and online purchase gets 5.25% for the entire year. Cap is also higher at $2500 a quarter.

Looking at the entire year in aggregate, it's really hard to beat.

Also, for me personally UR points are worth closer to 1cpp because I only fly economy and book modest hotels.

TravelGeek
Posts: 3178
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Re: JPM Chase Reserve Card gets more expensive

Post by TravelGeek » Tue Jan 14, 2020 10:09 pm

jhawktx wrote:
Tue Jan 14, 2020 6:31 pm

Hmmm. I just called Chase a week ago about car rental CDW coverage in Ireland. They said CDW coverage does apply in Ireland. Note that the CSR wording says some of the normal VISA Infinite coverages have been modified for CSR. So I am unclear again.
Just googling around, I find contradictory information regarding Ireland coverage with the CSR. And I wouldn’t necessarily want to rely on random blogs making claims that may not be accurate.

I’d probably suggest following the advice in this blog post:

The easiest and fastest way of obtaining proof of coverage from your credit card provider is to call the Benefits Administrator and request it. You can call the number on the back of your card or supplied in your guide to benefits, and ask for a proof-of-coverage letter stating which countries the policy covers, what damage it covers. Get a hard copy, and take it with you to the rental agency when you pick up the vehicle.

Chase –
Call the Benefits Administrator on 1-888-675-1461 to request a letter-of-coverage
https://awardwallet.com/blog/how-to-get ... -provider/

Here’s a trip advisor thread where someone apparently did just that (for the CSP, but I think it has the same coverage):

https://www.tripadvisor.com/ShowTopic-g ... eland.html

student
Posts: 4284
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Re: JPM Chase Reserve Card gets more expensive

Post by student » Tue Jan 14, 2020 10:31 pm

afan wrote:
Tue Jan 14, 2020 5:51 pm
The Doordash looks useless to us. We don't order delivery and the list of restaurants covered does not include any whose food we would want. Maybe I could use it during business trips as a cheaper alternative to going out to eat.

The Lyft will keep the annual cash flow in the black, but not by as much as before. If the LyftPass is only free for a year but the discount and extra points continue, then maybe it will pay to keep. It will be close.
For doordash, they allow takeout. This will save on delivery fee and tips.

takeabiteoflife
Posts: 4
Joined: Sat Aug 17, 2019 9:04 pm

Re: JPM Chase Reserve Card gets more expensive

Post by takeabiteoflife » Wed Jan 15, 2020 12:43 am

Does the DoorDash credit only apply to delivery/service fees or can I essentially get $60 of free food if I go pick up?

MisterBill
Posts: 507
Joined: Thu Dec 24, 2015 3:21 pm

Re: JPM Chase Reserve Card gets more expensive

Post by MisterBill » Wed Jan 15, 2020 8:11 am

takeabiteoflife wrote:
Wed Jan 15, 2020 12:43 am
Does the DoorDash credit only apply to delivery/service fees or can I essentially get $60 of free food if I go pick up?
Pretty sure it applies to anything, so pickup is fine. Given that delivery is free with the membership, it wouldn't make sense to apply to those.

NoProbLlama
Posts: 26
Joined: Sat Jan 26, 2019 10:40 am

Re: JPM Chase Reserve Card gets more expensive

Post by NoProbLlama » Wed Jan 15, 2020 9:17 am

I posted this in the "CC Rewards Strategy" thread, but I'm going to add it again here also for anyone who might only be checking this thread.

If you're going to cancel the CSR, it's worth double-checking whether your $300 travel credit is based on calendar year or cardmember year (applications submitted before/after May 21, 2017). You may have an opportunity to "double-dip" on the travel credit before canceling.

I signed up in late January 2017, and my AF was coming out 2/1/2020. I bought a $300 Delta gift card this weekend, got the $300 travel credit Monday, and canceled the card Tuesday before having to pay the AF. This is in addition to the $300 travel credit I earned between 02/01/2019-12/31/2019.

Of all the cards I've ever ditched, CSR was the hardest to let go. But that extra $300 parting gift helped.

afan
Posts: 4465
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Re: JPM Chase Reserve Card gets more expensive

Post by afan » Wed Jan 15, 2020 9:30 am

student wrote:
Tue Jan 14, 2020 10:31 pm


For doordash, they allow takeout. This will save on delivery fee and tips.
I don't understand. If I am picking up the food myself, what does doordash do for me? Since it is a pickup, there would be no delivery fee?? I can order food and pick it up without doordash.
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scophreak
Posts: 76
Joined: Tue Jan 12, 2016 1:17 pm

Re: JPM Chase Reserve Card gets more expensive

Post by scophreak » Wed Jan 15, 2020 9:45 am

bling wrote:
Tue Jan 14, 2020 7:08 pm
MisterBill wrote:
Tue Jan 14, 2020 4:14 pm
bling wrote:
Sun Jan 12, 2020 10:15 pm
if you have 100k of cash/investments with BoA it pretty much destroys everything else out there because of the multiplier. premium rewards gives you a floor of 2.625% for all purchases, and cash rewards gets you 5.25% on various categories. oh, and you can have more than one cash rewards card.
Except if you have CSR and the Chase Freedom card that does 5% quarterly categories. I have 3 Freedom cards and maxed out the category bonus on all of them last quarter because it was Paypal as well as Chase Pay (which I got for using Samsung Pay). So my $225 in rewards (3x$1500x5%) became work $337.50 (50% bonus) for a total of 7.5% cash back on that category.

Now, that particular situation isn't going to repeat itself because Chase Pay is going away so it will no longer be a bonus category (or link to Samsung Pay).
I've had the Chase trifecta for a long time. I'm actually more glad than sad that the annual fee will urge me to cancel.

The $250 effective annual fee requires spending 16.6k assuming 1.5cpp just to break even. That's crazy. Lyft is worthless to me. I'll use the Doordash credit because free is free. But even at $190 you need to spend 12.67k to break even.

Lounge access and primary car insurance is nice, but not $190-250 nice.

The freedom bonus is obviously nice, but only limited to 3 months a year for the category. With BoA, every restaurant and online purchase gets 5.25% for the entire year. Cap is also higher at $2500 a quarter.

Looking at the entire year in aggregate, it's really hard to beat.

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.

Jags4186
Posts: 4073
Joined: Wed Jun 18, 2014 7:12 pm

Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Wed Jan 15, 2020 9:46 am

afan wrote:
Wed Jan 15, 2020 9:30 am
student wrote:
Tue Jan 14, 2020 10:31 pm


For doordash, they allow takeout. This will save on delivery fee and tips.
I don't understand. If I am picking up the food myself, what does doordash do for me? Since it is a pickup, there would be no delivery fee?? I can order food and pick it up without doordash.
You still need to tip.

Also, I’m not sure how doordash works but with UberEats there’s a delivery fee, service fee, and tip. Ridiculous if you ask me.

MikeG62
Posts: 2297
Joined: Tue Nov 15, 2016 3:20 pm
Location: New Jersey

Re: JPM Chase Reserve Card gets more expensive

Post by MikeG62 » Wed Jan 15, 2020 10:10 am

MikeG62 wrote:
Thu Jan 09, 2020 9:23 am
...By point of fact, we've never used UR points for less than 4.5 cents (most points used so far have been between 8-11 cents by transferring to select hotel partners).
Example of great value from use of UR points from this morning.

My daughter was about to book a room for three nights at a Hyatt property. Total cost of the room (including taxes) was $819 for three nights. I told her to hold off and let me check on the number of points needed to book the room. Turns out it was 8,000 per night or 24,000 for the three nights. I proceeded to transfer 24,000 of my UR points to Hyatt (of course, I earned those 24,000 points by charging $8,000 to my CSR- in the past), then called Hyatt and had them use the 24,000 for a room and transfer the room to my daughter's name. Value per dollar spent ($8,000) to earn the 24,000 points is 10.24 cents ($819/$8,000).

If I did not have the CSR, the $8,000 in spend would have likely gone to my Fidelity 2% cash back card - value for $8,000 would have been $160. By having the CSR, I increased the value of $8,000 in spend by $659 (from $160 to $819). That one transaction alone pays for several years of the annual fee on the CSR. If I had some other card where I might have earned 4% cash back or point value on the $8,000 in prior travel spend, I still would have out-earned that card by $419.

As you can see, the fee increase of $100 is inconsequential to me.
Real Knowledge Comes Only From Experience

student
Posts: 4284
Joined: Fri Apr 03, 2015 6:58 am

Re: JPM Chase Reserve Card gets more expensive

Post by student » Wed Jan 15, 2020 10:12 am

afan wrote:
Wed Jan 15, 2020 9:30 am
student wrote:
Tue Jan 14, 2020 10:31 pm


For doordash, they allow takeout. This will save on delivery fee and tips.
I don't understand. If I am picking up the food myself, what does doordash do for me? Since it is a pickup, there would be no delivery fee?? I can order food and pick it up without doordash.
To get the doordash credit since the card has added $60 doordash credit for each of 2020 and 2021. It works the same as the travel credit.
Last edited by student on Wed Jan 15, 2020 10:17 am, edited 1 time in total.

student
Posts: 4284
Joined: Fri Apr 03, 2015 6:58 am

Re: JPM Chase Reserve Card gets more expensive

Post by student » Wed Jan 15, 2020 10:15 am

Jags4186 wrote:
Wed Jan 15, 2020 9:46 am
afan wrote:
Wed Jan 15, 2020 9:30 am
student wrote:
Tue Jan 14, 2020 10:31 pm


For doordash, they allow takeout. This will save on delivery fee and tips.
I don't understand. If I am picking up the food myself, what does doordash do for me? Since it is a pickup, there would be no delivery fee?? I can order food and pick it up without doordash.
You still need to tip.

Also, I’m not sure how doordash works but with UberEats there’s a delivery fee, service fee, and tip. Ridiculous if you ask me.
I don't usually tip for pickup. For restaurants, I following Emily Post https://emilypost.com/advice/general-tipping-guide/ "Take Out: No obligation; 10% for extra service (curb delivery) or a large, complicated order"

Jags4186
Posts: 4073
Joined: Wed Jun 18, 2014 7:12 pm

Re: JPM Chase Reserve Card gets more expensive

Post by Jags4186 » Wed Jan 15, 2020 11:30 am

student wrote:
Wed Jan 15, 2020 10:15 am
Jags4186 wrote:
Wed Jan 15, 2020 9:46 am
afan wrote:
Wed Jan 15, 2020 9:30 am
student wrote:
Tue Jan 14, 2020 10:31 pm


For doordash, they allow takeout. This will save on delivery fee and tips.
I don't understand. If I am picking up the food myself, what does doordash do for me? Since it is a pickup, there would be no delivery fee?? I can order food and pick it up without doordash.
You still need to tip.

Also, I’m not sure how doordash works but with UberEats there’s a delivery fee, service fee, and tip. Ridiculous if you ask me.
I don't usually tip for pickup. For restaurants, I following Emily Post https://emilypost.com/advice/general-tipping-guide/ "Take Out: No obligation; 10% for extra service (curb delivery) or a large, complicated order"
Oh I understand you don’t need to tip on pick up. My point being that even with “free delivery” there’s still the obligation to tip. So to put the full $60 in your pocket you need to pick up.

Also keep in mind that when using door dash prices are generally higher than going direct to the restaurant, at least in my experience about a 10-15% premium.

student
Posts: 4284
Joined: Fri Apr 03, 2015 6:58 am

Re: JPM Chase Reserve Card gets more expensive

Post by student » Wed Jan 15, 2020 11:39 am

Jags4186 wrote:
Wed Jan 15, 2020 11:30 am
Oh I understand you don’t need to tip on pick up. My point being that even with “free delivery” there’s still the obligation to tip. So to put the full $60 in your pocket you need to pick up.

Also keep in mind that when using door dash prices are generally higher than going direct to the restaurant, at least in my experience about a 10-15% premium.
Yes. This is precisely why I pointed out that one can do pick up. As for prices, the restaurant that I like has the same price on doordash but one should certainly pay attention to prices so that one can get the best deal.

bling
Posts: 371
Joined: Sat Jan 21, 2012 12:49 pm

Re: JPM Chase Reserve Card gets more expensive

Post by bling » 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%.

decapod10
Posts: 429
Joined: Thu Dec 28, 2017 6:46 pm

Re: JPM Chase Reserve Card gets more expensive

Post by decapod10 » Wed Jan 15, 2020 6:42 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%.
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.

bling
Posts: 371
Joined: Sat Jan 21, 2012 12:49 pm

Re: JPM Chase Reserve Card gets more expensive

Post by bling » 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.

scophreak
Posts: 76
Joined: Tue Jan 12, 2016 1:17 pm

Re: JPM Chase Reserve Card gets more expensive

Post by scophreak » Fri Jan 17, 2020 3:19 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%.
I guess others have had different experience than I have. I've booked at least 5-6 trips through the portal utilizing points or points/cash. Perhaps I've simply been lucky with the specific routes/fares that I've chosen for these trips, but in all cases the fares were identical (in fact an upcoming trip was even a few $ cheaper) to purchasing directly through the airline.

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