The Chase Sapphire Reserve – Can’t ignore the talk of the town. Like I tell all my friends & coworkers, if any major bank is offering a signup bonus of 100,000 points, I’m 99% getting it. It’s a no brainer. Even at a high $450 annual fee (which is really just $150 after a $300 travel credit), the bonus is still worth it. I’ve paid more for points.
The next question you should ask is if the Reserve is worth keeping over the Preferred (which you should be a mainstay in your wallet). That’s why I quickly created a Google Doc that answers that for you.
Instructions are simple:
- Download as Excel or make a copy to your own Google Drive
- Enter how much you spend per month for each of the cards’ bonus categories – travel & dining
- Results update on lines 10 & 11 and are based on an entire year of spending
Obviously, this is based on points earning alone. There are other benefits associated with the card that may be of value to you that you should also consider.
Hopefully, this is a quick and dirty way to determine if you’re going to downgrade your Preferred to a regular Sapphire (or perhaps a Freedom Unlimited) or keep it and cancel the Reserve next year.