Why I LOVE The Chase Sapphire Preferred (But I Never Use It)

In this video, we look at my everyday review of the Chase Sapphire Preferred card in 2022 because this credit card is one of my favorites. The Sapphire Preferred has many great features and benefits related to Ultimate Rewards Points redemption for free travel, so I go over some of the Chase Sapphire Preferred benefits in this video. If you are asking, “Is the Chase Sapphire Preferred worth it?” then this video will be helpful in telling you why it is.
The Sapphire Preferred was the first premium travel credit card that I was approved for and I’ve had it for a few years. With the recent changes to this credit card, I still believe that it is one of the most valuable, thanks to the $50 hotel credit, the 1.25 CPP redemption option through the travel portal, and the ability to transfer points to transfer partners at a 1 to 1 ratio.
I also believe that if you are considering the CSP card, then you should also consider the Chase Freedom Flex and Chase Freedom Unlimited in a Chase Trifecta setup to get even more valuable points from many welcome bonuses and categories. The Sapphire Preferred is a must have credit card in my opinion!
*These offers are subject to change. The current offers are listed as of the filming of this video.
FOLLOW ME on Instagram: / _danbraun
CHECK OUT SOME OF MY OTHER VIDEOS:
Chase Sapphire Preferred Credit Card NEW 2021 Review (NOT Impressed?): • Video
How I Booked a $3,400 Hotel for FREE with Credit Card Points: • How I Booked a $3,400 ...
The 7 BEST Credit Cards That You NEED In 2022: • The 7 BEST Credit Card...
What's In My Wallet? (Winter 2021 Credit Cards): • What's In My Wallet? (...
Why the Chase Trifecta is the BEST Credit Card Setup for FREE TRAVEL: • Why the Chase Trifecta...
Amex Gold vs Chase Sapphire Preferred 2021: • Amex Gold vs Chase Sap...
#CreditCards
#ChaseSapphirePreferred
#Chase
DISCLAIMER: Daniel Braun is not a financial advisor and the opinions in this video are his own. This video is for entertainment and educational purposes only, it is not financial advice. You must do your own research and should talk to professionals before making any financial decisions for yourself. This description contains affiliate links where Daniel Braun may receive a commission.
More Videos From My Channel: / @daniel_braun

[@Daniel_Braun]

Referral Link to learn more about the 60,000 point bonus offer for the Chase Sapphire Preferred: www.referyourchasecard.com/6/Y8CEUZ07VJ

[@nessalambert3584]

So happy to see ppl choosing Hyatt! We work really hard in the loyalty team so that we can provide the best services and value to our loyal customers ❤

[@EE12345]

Is Hyatt's point system sustainable? They offer so much better deals than other hotel chains which makes me wonder if it'll last long term.

[@rickrjw]

You might be pumping out the best content on KZbin for credit cards right now. Nice to see your progress. Cheers to a killer 2022!

[@Daniel_Braun]

That really means so much to me to hear that! Thanks Rick! I hope to see you keep crushing it in 2022 as well 👍

[@chrismorin1047]

Hello, Daniel. Thank you for putting out the great content. I can only imagine the effort it takes to put together these videos that have helped me so much. I am rebuilding my credit and finally have a score in the 750+ range and just got the Sapphire Preferred card. Your videos are helping me strategize how to best use the rewards points I will be earning. "Better late than never" applies to me in my credit journey and your channel is helping me along that path to being more educated about how to use credit to my advantage rather instead of being on the opposite side of the credit spectrum. All the best to you and your family.

[@Daniel_Braun]

Thank you so much for saying all of that Chris, it really means a lot to me and makes me happy to know that viewers like yourself are finding good value from the content! Happy to make these videos! Better late than never is right, glad to hear that you're getting a good strategy in place with an awesome credit score. Thanks again for the comment! 👍

[@ChaseYokoyama]

100% agree! 🔥 barely use this card to buy anything BUT it comes in clutch when I have to transfer my points to travel partners. SO powerful when paired with other Chase cards, especially the Freedom cards!

[@Daniel_Braun]

Yeah man, its weird not using it to spend much but such a GREAT card! Gotta love the good old Chase Trifecta!

[@Packerm87]

I have the CSP card and it is a beast with point redemption and flexibility. Only problem I have is its not a premium travel card at all. Like he said you don't get upgrades and you don't get the same concierge services that, let's say amex gives you, for traveling around the world. But some of the premium travel cards come with a higher fee to carry BUT you get top notch services. My recommendation, piggy backing off his awesome video, is if you plan on doing a lot world traveling you may want to seek a more premium card but if all you want to do is have a travel card for domestic vacations and holiday travel CSP is thè BEST card. The ultimate rewards portal is AMAZING and simple to use. (I actually wish AMEX would rip a page out of Chases ultimate REWARDS port design book because it is THAT great).

[@MannyCovington]

I’m in the same boat as you. I rarely use my CSP for swipes but the value of the 1.25 guaranteed value and the ability for that to be higher due to transfer partners are the reasons why I’m keeping this card in my wallet.

[@Daniel_Braun]

Yeah exactly! I feel like this is why the majority of people in the credit card game have the CSP because its just an ok card otherwise for earning points. But those redemption features are so good!

[@core4365]

I appreciate that you never mentioned the Reserve, and stayed true to the Preferred benefits and rewards.

[@joeannew]

This information was helpful. I was not sure about applying since working hard on my credit religiously over the past couple years. I applied using your link. They called me to confirm the application and within a few minutes I was approved for a very generous amount. Thank you 🙏🏽

[@Daniel_Braun]

Glad to hear that the info was helpful! Good to see you've worked hard on your credit and were able to get approved - now just keep up those good habits and pay off the card in full and you'll enjoy the benefits 👍

[@BrianHarvey1773]

I have a question for you Daniel. Since the Sapphire preferred card and freedom unlimited card both have 3% for restaurants, wouldn’t it make more sense to use the Sapphire preferred card to eat out since it has the 10% anniversary bonus on the card which would effectively make it 3.1% total once it is all said and done? Great videos by the way 👍🏻👍🏻

[@Smerky]

Forgot about that

[@markhawkins9785]

Setting the amex gold aside for dining out. Given a Chase setup, I put all my dining out on my Sapphire Preferred. While it earns the same rate as the Freedom Unlimited and Freedom Flex. I also look at the newly added 10% anniversary bonus points for total purchases made the year before. That gets me even more points at year end that the other cards don't provide unless dining out became a quarterly category for the flex.

[@Daniel_Braun]

Thanks for watching and commenting Mark! Yeah the 10% anniversary bonus could get you a few extra points at the end of the year technically compared to the Freedom Flex or Freedom Unlimited. But I'm not a big fan of that feature personally though because when I read the fine print of that on Chase's website, their example says that $25,000 worth of spending on the Sapphire Preferred in one year will get you a 10% bonus of 2,500 points. And 2,500 points is only worth $25 at 1 cent per point for cash back. So really the 10% points bonus should read as a 0.1% bonus (100x less than Chase makes it sound like on their website). Its just a cheap marketing thing from Chase in my opinion because it would take a ton of spending on the Sapphire Preferred to get anything really material in return. I hope that makes sense the way I worded it haha but yeah, its never bad to get a few extra points but it just won't be anything too much at the end of the day!

[@danielturner8798]

@@Daniel_Braun -Yeah, the 10% is tiny, but it's enough of an edge for me to still pull CSP out instead of CFU or CFF for dining out and Chase portal travel purchases. Every bit helps!

[@markplymale]

I’m with you man! I do like the 3X for streaming tho! Oh and by the way your channel is killing it! You’re gonna be at 10K in no time 🔥😎

[@Daniel_Braun]

Yeah same, that's my best card for streaming right now so I'll take it! Haha thanks so much man! I hope so, big goals for the channel in 2022 and your channel is crushing it too! Let's both go get 10k then 25k this year 🙌

[@matthewvillegas6494]

Awesome Daniel! I cannot wait to round out my own Chase trifecta as well. 2 cents per point redemption if done correctly can effectively transfer from 9x on groceries this quarter with a new Freedom Flex to 18x! Even 3x effective from 1.5x from the Unlimited is clutch

[@matthewvillegas6494]

Great example! Hyatt is a solid transfer partner and using points means no tax since it counts as a rebate. Quick question: do points expire?

[@RodrigoArgumedo]

@@matthewvillegas6494 2 years of account inactivity. If you are wanting to keep points, then you may want to consider opening a World of Hyatt credit card. This will reset the inactivity clock when your new points are posted.

[@Daniel_Braun]

Thanks so much @Matthew Villegas ! Yeah exactly, those redemption means way higher "effective" earning rates for those points on the CFF and CFU that will be well above their advertised rates! And yeah @Rodrigo Argumedo is right, those Hyatt points will expire after 2 years of inactivity. But very easy to use them within 2 years anyway. I just wait to transfer to Hyatt until I know I am going to book something the day that I transfer them. Thanks for watching and commenting guys!

[@BFS137]

Just applied and was approved for the Chase Sapphire Preferred card thanks to this video! My co workers have been telling me for quite some time but this video sealed the deal for me. Thanks bud!

[@Daniel_Braun]

Awesome news, glad that my video was helpful! Thanks for watching Jamil and congrats on the new card! 👍

[@thebrandonboydshow]

It’s. A necessary card, but one that i never use. It’s in my nightstand. Points earning is terrible, but it has some perks that are very good. I don’t carry it daily. Great vid. Keep rollin!

[@Daniel_Braun]

Exactly, I'm totally with you Brandon! Great card, but not for spending with haha. Thanks so much man, I really appreciate it!

[@callmeNeno]

I use three physical credit cards in my wallet one for each payment network Amex, Visa and MasterCard. But, I use Apple Pay 95% of the time with my Apple Watch

[@Daniel_Braun]

I think its good to have a few physical cards like you do but yeah Apple Pay is very useful and I'll use it occasionally as well. Always good to keep the cards in your wallet to a minimum so it doesn't get too bulky so 3-4 cards works well for me too!

[@TheAudioCzar]

just my opinion, but I'm really not impressed with chase cards on paper. The CSP to me only good for using points, not earning them. 3x on dining is good but I'd never use online grocery. So the anniversary bonus wouldn't be a perk if I don't use it that much. The freedom flex categories aren't as good discovers to me, and 3% at drugstores means nothing to me. So I just don't see myself racking up a lot of points with that duo. For the CSP the 25% points boost is nice, the only reason I want chase is because they southwest as a travel partner.

[@roaddogg800]

Excellent video! Definitely considering the Chase Sapphire Preferred. It's so funny to me how there's an assumption that everyone uses Apple pay, IPhone etc. Lots of people prefer the Android ecosystem yet it never gets referenced in finance or mobile pay discussions.

[@Daniel_Braun]

Thanks so much Tim! The Sapphire Preferred is definitely a great card in my opinion and from my experience like I said. Haha yeah you're right, I've always had an iPhone but there's so many people using Android and those mobile payments systems don't get mentioned enough!

[@josephpalacios7535]

Android all the way!👏

[@geeuh_7035]

Found your channel today and have literally watched like 5 hours worth of content lol. Learning so much. Went to business school for 5 years and didn’t learn any of these hacks lol. Thanks for the content!

[@docsays]

Right now the CSP is my favorite card. In addition to all the benefits & rewards i like because its metal & blue is my favorite color! 😎

[@Daniel_Braun]

Yeah the card's benefits are great and I really like the design of it too (both the old design that I still have and the new design as well!)

[@simbanuba]

2. Funny, I used all the time to reach the welcome bonus. Now not so much.

[@Daniel_Braun]

Yeah same with me! I kept it in my wallet for a while because it was my third credit card and worked well for different dining expenses before, but now it just doesn't do as much for me in everyday spending. But those features and benefits are amazing and well worth it to keep still. Thanks for watching and commenting always Paul, I appreciate it!

[@DCGEMINI202]

Same bro. I got it to complete my chase trifecta (csp, cff, cfu) and the 100k sub but besides streaming services i NEVER use it.

[@Daniel_Braun]

Awesome to hear that you got the 100k bonus because that was huge! Streaming services was a nice added category but it only goes so far in earning points since its not an area of high spend like groceries. But still a great card in that Chase Trifecta you've got! Thanks so much for watching as always 👍

[@waltervila33]

In my opinion is better than the platinum and gold cards just because of the simple fact I hire cars quite frequently and you just can put a price on primary coverage and travel benefits that this card offers such a value is quite unbeatable really

[@Daniel_Braun]

Yeah I think that the CSP is going to be the best value card for many people over those 2 Amex cards because of the point redemption features and the primary auto rental coverage too! That primary auto rental coverage is one of the other main features that I didn't get to talk about here because I just personally haven't rented a car when traveling for almost 2 years now with this card but its such a high value benefit as well! Thanks so much for watching and commenting 👍

[@Phillipconleyjr]

This vid is loaded with helpful Information. I'm hanging around for more. Cheers!

[@Daniel_Braun]

Awesome, I'm really glad to hear that! Welcome to the channel and thanks so much for watching and commenting! 👍

[@ItsMeCJ]

I love my CSP….but, I really don’t need to use it. I’ll definitely use it more when i start traveling. I do keep my streaming services charged to it though. For dining, I can use either my CFF or CFU, just like you said.

[@Daniel_Braun]

Yeah we're in pretty much the same situation with how we use the CSP then! A great card to have but not the best for actually paying for things haha

[@lafq]

I like your channel because you set realistic expectations for the potential card rewards

[@pg6299]

I never sue my CSP either! I just transfer the Flex and Unlimited points over. Since I use amex for dining and other categories.

[@Daniel_Braun]

Sounds like pretty much the same situation as me! Even though I'm not swiping the CSP regularly anymore, its still got plenty of good features to use!

[@kaina732]

I plan to get the CSP to complete my non-traditional Chase Trifecta in 2024 along with the Freedom Unlimited and the Ink Cash. I also plan to eventually complete the AmEx trifecta by getting the BBP in 2024 and the Platinum in 2025 to go along with the Gold I already have.

[@AveryHeilbron]

I like this card too & it was my first travel card that I picked up

[@Daniel_Braun]

I think its a must-have for anyone looking for a travel card! It was the same thing for me, definitely a good first one

[@rellrell9457]

Philly Stand Up! 👍

[@andrewkinger1]

I prefer to use Apple Pay as much as possible (Apple Watch makes it very convenient as well as shopping online). The only downside is that sometimes Amex/Chase offers specify that they are not valid through services such as ApplePay etc.

[@Daniel_Braun]

Yeah its easy to use Apple Pay online too but good point that you always gotta watch out for language like that where offers might not be valid!

[@hnyflvr]

I'm waiting for the welcome bonus to go back up before I pull the trigger.

[@Daniel_Braun]

Yeah I think that's a good strategy if you can wait. Even if we don't see 100k as a bonus for a while, there's a chance that we could see something like 70k-80k later this year I hope!

[@danielramos1001]

Hey Daniel, Another Daniel here. Small world. I have watched a couple of your videos. I think I’m going to open a CSP bc of the great content. Have you ever thought of sectioning your videos into different parts so viewers can skip to the part they want to watch?

[@Daniel_Braun]

Hey nice to meet another Daniel! I appreciate that, glad the videos are helpful! I've tried doing that for some videos in the past so I might do the chapter for certain videos in the future too, especially the really long ones

[@FinancialFreedomMadeSimple]

Great review Daniel, interesting!

[@Daniel_Braun]

Thank you! Glad you liked it!

[@jiffypoptop]

I'm overwhelmed - wish I knew how to play these lanes and why you have so many cards. There must be a really cool over-arching strategy here, I just wish I understood it

[@journey2credit84]

Applied last night for Sun Trust now Truist Financial aka 6th Largest Bank in the US. This Morning application approved $6500 😁Card #20 🤑💪🏿

[@Daniel_Braun]

That's awesome, congrats on credit card #20!

[@journey2credit84]

@@Daniel_Braun thanks now I’m in the garden

[@chri-ne0x]

Can you do a video booking a Hyatt hotel thru travel portal at .25 redemption vs transfer partner vs direct/other third parties and the price comparisons

[@Daniel_Braun]

Thanks for watching Christine 👍 Yeah I could show another example like that with the Chase travel portal as well! Basically, the way current point redemptions with Hyatt are, the order of best value to worst value goes like this: UR Point transfer from Chase to Hyatt for booking hotel with Hyatt points > Booking the same hotel through the Chase portal at 1.25 cents per point with UR points on the CSP > Booking the same hotel through Hyatt's website with cash. Hope that helps!

[@TylerSinden]

I used to use Apple Pay for everything and then I moved to America and the places I lived didn't have that or tap so I went back to the barbaric ways. Now that I'm back in Canada, I haven't set that stuff up yet and still kind of used to not using tap. The other day at the grocery store I felt like a boomer not tapping. Once I put the chip in, I'm like aw man, I'm a newb 😅

[@Daniel_Braun]

Lol yeah so many ways to pay with a card nowadays! I like tapping my card most of the time to pay!

[@PrincessOzma]

Yes, more redemption examples please!

[@Daniel_Braun]

Will do! Here's a video on some more examples if you haven't seen it yet: kzbin.info/www/bejne/mYqvdaOMZZuJesU

[@kelsey-innovationdesign]

Hi Daniel, your videos are super helpful and efficient! Would love to see you compare the Costco credit card to Chase Travel cards

[@BrainBoostIQ]

I have the CSP as well as the Freedom Flex Unlimited. I use the freedom flex for every day as the rewards are better but the CSP has the ultimate rewards. Just got approved for Amex Platinum and will be using that for the travel on top of chase points.

[@Spencerwalker21]

Don't forget about in branch don't quote me but I think chase waives the first year 95$ fee if you get it in branch

[@Daniel_Braun]

Good point! I've heard that from several people. Sometimes they even have better welcome bonuses in branch compared to public offers on Chase's website, but I don't believe they have any better offers at the moment. Definitely worth the trip to a branch to get the annual fee waived in year 1 though so thanks for the comment! 👍

[@jazzbassist]

Great video. Recently approved for this card and am shooting for the 60k UR points. Beautiful card, elegant metallic design. Unfortunately, it is not very competitive vs using my CFU with the exception of the 25% boost. I'm wondering if this is going to be worth keeping year 2 and beyond.

[@xNikoLovesJW]

Love ur vids

[@Daniel_Braun]

Thanks so much Nicolas, I'm always glad to hear things like that! 👍

[@DanJohnson05]

I just got this card. It was offered to me inside the Chase app and did bypass 5/24. I really need to let my credit lines age and let some inquiries drop off now. AmEx just offered me the platinum card but I’m not sure it makes sense for me right now. I am waiting for a couple of inquiries to drop off to add the Freedom Flex and complete the trifecta with my Freedom Unlimited.

[@GregoryLopez1]

I'd be interested in seeing you do some worked transfer examples for international flights when you know where you want to go and are looking for outsized value, since I'm trying to decide if travel cards are worth the effort for me and it seems like the process is pretty time-consuming. I'm currently team cash back and so travel a couple of times a year but am also kinda lazy and want to see if the work is worth it compared to just using a cash back travel setup like the USB Altitude Reserve or 3x travel using the BoA Customized Cash card.

[@Daniel_Braun]

Thanks for watching and commenting Gregory! Nothing wrong at all with Team Cash Back haha. I actually just got an idea from another comment to do a sort of "top point transfer deals" type of video to show some ways to get outsized value for things like international flights, first class, resort hotel stays, and things like that. Even if I don't necessarily book the trips that I show in a video like that, I think it could still be very useful to show how travel cards can really be worth a lot more than they're advertised for. Nice cards you've got regardless! Travel cards might work out well for you just depending on how you use them / how frequently you travel

[@LivePartyGo]

Thank you for your video. I just wanted to ask if I would be able to downgrade CSP after like a year to no annual fee card(Chase Freedom Flex or etc)?

[@Daniel_Braun]

Thanks for watching! And yes, your definitely can downgrade the CSP to something like either the Freedom Flex or Freedom Unlimited if you would like to after a year. Its a good option if you want to just get the sign up bonus on the CSP and then not pay an annual fee in year 2

[@Churles]

Super sus as this video came out the same day my chase card came....... anyways great video as always daniel!

[@Daniel_Braun]

Haha a big coincidence! Definitely a great card for you to have, lots of value and you'll use it everyday now while you work towards that welcome bonus!

[@kbrito23]

I rarely use it too 😂 BUT still love it. Need to complete my Chase trifecta.

[@Daniel_Braun]

Haha yeah its funny how a lot of people like us just don't swipe it much (which I'm sure Chase hates) but gotta use it to maximize value! Good luck with completing the Chase Trifecta, I think its very much worth it. And thanks so much for watching and commenting Kevin! 👍

[@nahiduddin2723]

More redemption options would be great! I'm looking into going to Cancun and want to maximize my points but do you recommend any other partners besides Hyatt that offers more than two cents per points?

[@Daniel_Braun]

Ok sounds good, I'll be sure to make some more videos like that! That sounds like it'll be a fun trip! For me, Hyatt is really my go to for hotels because the other hotel transfer partners usually haven't been able to get me as high of value consistently. For flights, it really just takes some research and comparing unfortunately. I've haven't had too many amazing values from points transfers with airline partners through Chase lately like I have with Hyatt. I'll play around and see if I can find any good deals and maybe make something like a "top point transfer deals" video to show some examples that might be helpful!

[@nahiduddin2723]

@@Daniel_Braun awesome, Would appreciate if you are able to!

[@josiahsandberg8278]

just got one of those pre selected pieces of mail, the sign on bonus is at 80k again as of mid febuary 2022

[@Daniel_Braun]

Yeah sometimes there will be special pre-selected offers available so good to see that 80k is still possible! Thanks for watching and commenting!

[@Seongjinkim]

$50 hotel credit (only via chase portal) is not very good IMO. yes, better than nothing but as you mentioned it's a third party booking so I miss our on points that go towards my status. I also have an issue with CSP's multipliers. It has 3x on dining, which is exactly same as Freedom Unlimited. Considering that FU is a no AF card, this is another blow to CSP. Overall, i don't know what Chase's strategy is around CSP. People who eat out a lot will/already use the Amex Gold. People who travel frequently have the CSR or the Amex Plat. People who value cash back, there are so many options out there (Citi double cash etc.) I guess this card is trying to catch the misfits who don't belong in any of those categories?

[@Daniel_Braun]

Yeah exactly, the $50 hotel credit is nice, but not perfect. And I agree, I don't know why the categories on the CSP overlap so much with the CFF and CFU now because what's the point. But I think the CSP really is just best as a point redemption card, but most people don't realize it!

[@boondoggle4820]

I have a question with respect to transferring cases to travel partners: do you have to transfer them to see the value for a given transfer partner, or can you see the value in advance to compare to see what makes the most sense of you?

[@Daniel_Braun]

Good question! In most cases with many of these partners, you can just create a free account with a certain hotel chain or airline and then do a search on their website for a hotel stay or flight. If you check off the box in the search to "book with points" then it will show you how many points you will need so that you know before you actually transfer them!

[@boondoggle4820]

@@Daniel_Braun Thanks!

[@nyrehman2001]

I would love another video on points redemption/how to get the most out of your points. I just got the sign on bonus after a month of having the CSP and currently have 65000 UR points. Additionally, how long do you recommend waiting to apply for the other Chase cards?

[@thidang9682]

Daniel, I'm also in the same spot as you, I barely use my CSP. It was my favorite card last month when I use the card to hit the minimum spend then afterward I started to use my CFU and CIC more. I haven't use the card for travel yet, hopefully over the summer. In the future, are you planning to upgrade to the CSR or get the Venture X?

[@Daniel_Braun]

Yeah that's how it seems to be for most people with all of these Chase cards as they look to maximize their value that they get! Lots of good ways to use the card for travel over the summer too! For now, I plan to stick with the CSP instead of the CSR because I really like my Amex Platinum card as my more "high-end" travel card and my CSP still provides a lot of value that's worth it at a much lower annual fee. I might look at getting the Venture X later in 2022, depending on what other cards I decide to get first. But maybe will even get the Venture X in 2023 - its a good card but I want to be able to justify the $10,000 of minimum spend required for the 100,000 point welcome bonus because I really don't spend much money normally

[@christianmoraes7206]

Considering the freedom flex also earns points in the same rewards program, would it be a bad idea to get the preferred for the welcome bonus and once I get it downgrade to the freedom flex so I dont have to pay the annual fee?

[@Daniel_Braun]

You would have to wait one year to downgrade but that’s what a lot of people do! That’s one of the secrets that makes the preferred an amazing option for anyone

[@jcoronel007]

Hi, I already have the chase freedom flex credit card but I’m thinking about getting this card because of the benefits and possibly a high credit line. Do you think that would be a good idea?

[@CoolHand24]

Hey I already have the Chase Business Unlimited credit card...can that be used for the Chase Trifecta? Thanks for all the videos and info!

[@sonictonic_]

Another banger vid :) Hey so I’ve had this card a few years now, use it for all my dining and the tiny amount of travel these days. I’ve been wanting the AmEx Gold though and my plan this year I think is gonna be to grab that gold card for dining and travel instead then downgrade my CSP to a Chase Freedom Flex to replace my Capital One QS as a general cash back card. I also have the AmEx BCE which I’m trying to figure out where that fits in here too. It’s a no fee card so not a huge deal but hmm. Oh also glad you mentioned the Hyatt card! I kinda wanna grab that too as it’s my hotel chain of choice. I think the chase hyatt and flex cards and the Amex gold is a nice trio yea? Lol thoughts? :D

[@Daniel_Braun]

Thanks so much, I appreciate it! Yeah the Amex Gold card will be a good replacement for dining, especially if you can get good value from the Uber and dining credits to effectively lower that annual fee. You definitely can downgrade the CSP to the CFF as well if you don't want to have a Chase setup anymore, but it all depends on what you're looking for. I like having both the Amex Gold and CSP just so that I have good redemption option for Chase and Amex points because I have a dual setup. But of course its different for everyone! BCE probably won't have as much use for you anymore if you do make these changes besides maybe gas but that ok! And yeah I totally agree, that Hyatt card is really great card and I'll probably get it this year too! I like that setup though of the Hyatt card, CFF and Amex Gold if you're trying to keep the number of cards to a minimum. Lots of value there! Hope that helps!

[@sonictonic_]

@@Daniel_Braun Dude you’re the best. Very helpful getting your insight/endorsement. :) Thanks so much!

[@Daniel_Braun]

Haha anytime, always happy to share my thoughts especially since you’ve been a viewer here on the channel from the start!

[@DitsyMe]

I'm thinking about getting this card or the Savor card from C1. I'm a big spender on delivery services, grocery stores, and dining. The only thing that's holding me back for getting CSP is its a travel card because I hardly travel. So I might apply for the savor card probably.

[@MarkS-cd3cw]

So what’s your best two to three card strategy that covers all bases?

[@emersoncavalcanti1222]

I thought he was Tanner Buchanan for a second lol

[@Daniel_Braun]

You’re the second person to comment that on a video haha, some slight similarity I could possibly see!

[@DugrozReports]

What x-fer partner redemptions have you used for good value other than Hyatt?

[@hamzakareem29]

I’m struggling with this right now. Hope you can help. I currently have Chase Marriott Boundless and Chase Freedom Unlimited. Marriott: 6x points for purchasing Marriott hotels. 3x points for gas and grocery. 2x on everything else. Freedom unlimited has similar perks to Sapphire except more redemption value and combining. Is it worth getting it in my scenario. But if that is the case than what’s the point of me having the Chase Marriott Boundless. Also, wouldn’t it be better if I just had the Chase Freedom Unlimited and Chase Sapphire Reserve? The downside on the Marriott card is that the travel (airline) sucks. Is that what I’m missing out on?

[@zacharyraper2920]

Can you show more redemptions for points transfers? I have a lot of Amex points and live near a United hub. Is there a way I can transfer Amex points to use on United?

[@Daniel_Braun]

Yeah for sure! I've received a lot of comments asking for videos like that so I'm going to be looking for some examples to show in a video. You can transfer Amex points to certain partner airlines that allow booking United flights, but you can't transfer to United directly. Usually you can find this info if you look that up online because theres a few steps to researching it

[@jacobbarber3287]

How was your trip to PR at the Hyatt hotel? My fiancee and I are looking for somewhere nice to go. I have about 80k UR points. Would you recommend?

[@Wood_Review]

Just got approved for Sapphire preferred, kicking myself for not going with the flex or unlimited card…I know I can switch to one of those in a year so I’ll just hang on to the preferred till then

[@marco14744]

What credit score did you apply with?

[@Wood_Review]

@@marco14744 770 average

[@Wood_Review]

@@marco14744 you definitely could get approved with at least 700 average

[@Daniel_Braun]

@HARRISON WOOD Good to hear that you were approved for the Sapphire Preferred! Its a really great card to have and you definitely good downgrade to one of those other Chase cards after a year if you really wanted to. Have you considered having all 3 Chase cards since the Freedom Flex and Freedom Unlimited have no annual fee? Because they all can work really well together but I understand that not everyone wants to have multiple credit cards at once

[@Wood_Review]

@@Daniel_Braun I will see what I would like to do after this first year. I mainly got the card because I’m traveling internationally this year and no foreign transaction fee is a perk along with the 60k points. I have no problem getting the other cards as well I just agree when you said Chase unlimited is more of an every day card.

[@terrikirk6883]

Great transfer info!! Please show xfer points to airlines. Thanks!

[@mariog7682]

Whats the best way to use the hotel credit? Can you apply it when you transfer points?

[@Daniel_Braun]

Good questions! You have to use it only when you book at hotel with "cash" on the portal. Meaning you have to pay for the hotel with your Sapphire Preferred and not points and then you'll be credited the $50. It can be used however you want!

[@josephpalacios7535]

Hey Daniel. Do you know if Airbnb counts as travel through the Sapphire Preferred?

[@Daniel_Braun]

Yes it does! I just booked an AirBnB with my CSP and got 2x points per $

[@josephpalacios7535]

@@Daniel_Braun awesome! Thanks for the answer. Got another question. I currently have the Chase FU and I'm interested in getting the Trifecta and I just got Preapproved for the CSP. Should I get this card or should I go for the Freedom Flex? Also I was thinking my wife get the Freedom Flex too. Thoughts?

[@diewhitme843]

I like American Express but this card (chase preferred) is cheaper than 695 a year…just to visit some overcrowded lobbies haha

[@leo_brooks]

Daniel, i am curious why you say you value chase and Amex points equal. I currently have several hundred thousand points on both chase and Amex, and I have 0 idea how to properly (and easily) spend my Amex points. Chase is easy, between Hyatt and southwest, i regularly get about 2cpp. Amex I find it difficult to get better than 1.2cpp

[@Daniel_Braun]

Yeah recently, I'd actually agree with you that I've slowly started valuing Chase points slightly higher for me personally. It really is all personal preference with how you're using them - but I think the ease of use for getting good value from Chase points makes them better for most people. I'll be making a video soon about my full redemption strategy that actually pretty basic and simple so I'll touch on that there!

[@leo_brooks]

@@Daniel_Braun awesome sounds good. Thanks for the reply. I’ve been reading up on Amex points this past week and I’ve discovered there are many people in my exact predicament. Im not surprised you feel the same way. Im about to buy a bunch of travel for work and I’m not sure what to do anymore. 5x on Amex plat, 2 on CSP, 1 if I use it for a SUB I’m working on, or maybe 5x on chase portal but that always sucks so who knows anymore

[@Daniel_Braun]

I still defer to using my Amex platinum for travel because with Amex I know that I’ll still get 1 CPP at a minimum for flights in their portal, or more if I transfer them. So 5x back is still 5% towards flights which beats my 2x back on travel through the CSP. But booking through the chase portal may be better at 5x back as long as prices are competitive. Sometimes changes in travel plans can be annoying if booked through a third party portal though

[@MrHakubi]

Still better to use your CSP for dining simply because of the anniversary bonus.

[@Daniel_Braun]

I guess technically it can be, but the anniversary bonus is mostly negligible. The way Chase words it on their website is that if you spent $25,000 on the card, that would equal a 10% point bonus or 2,500 points which is only worth $25 at a minimum. So a 0.1% return extra which isn't great but still slightly more

[@al2228787]

I think I found my new credit card guru

[@dlouievel]

Technically with dining its more than the flex or unlimited because of the 10% annual bonus on spending

[@pooploops]

What’s the point of earning points on two platforms (Chase and amex) like you mention? Wouldn’t it be better to accumulate points in one system instead of spreading out points?

[@Daniel_Braun]

Good question and actually something that I'm going to make a video about soon! There's a few reasons. First, because of different benefits that some cards have over others (my Chase Sapphire Preferred has primary auto rental coverage, but my Amex Platinum has airport lounge access and I want both of those things). Second, the welcome bonuses are very good on all Chase and Amex cards, so I wanted to get them all to be able to redeem for free travel. And third, certain point system are lacking in certain categories (Chase doesn't have a card that earns well consistently for groceries, but the Amex Gold card is great for that by getting 4x back on groceries). Just a few reasons but I'll go over this a lot more in that future video! It definitely won't make sense for everyone to have a dual-point system setup like this because of the annual fees, but I like it personally and I get good value from everything so it works for me!

[@pooploops]

@@Daniel_Braun Sweet! I can’t wait for the video. That does make sense. I am slowly building up my chase cards. I’ve been back and forth on amex still. That makes a lot of sense with the welcome bonuses. I’ll have to see what else u got for us in the vid. Appreciate it 😁

[@Daniel_Braun]

No problem, thanks for the video idea! Looking forward to making it because it’s a good topic

[@ivandeleon5948]

Thanks for the helpful information. Is this card beneficial for everyday purchases such as dining and your typical entertainment spending? I plan on using the card for traveling as well, I was just curious if anyone else used the Chase Preferred card on other expenses?

[@Daniel_Braun]

Thanks so much for watching Ivan! Its not the best card for everyday purchases, but it is decent for dining. All of the Chase Trifecta cards (sapphire preferred, freedom flex, freedom unlimited) are getting 3x back on dining. Its an ok option for earning on travel as well, but the real value of the card comes from redeeming points at high rates for booking travel like I've talked about in a few of my videos like this one: kzbin.info/www/bejne/bZXHoI1omc6sr6c

[@Ojallo]

hello i got my first credit card back in April amex everyday few months after I got the gold I only use the gold card now but thinking about upgrading to platinum because I travel a lot and get the CSP because some places in Europe don't accept amex whats your thoughts

[@brianalvarez4345]

I got preapproved for the CSP card but I only have the freedom flex card. Should I get the freedom unlimited first or get the CSP and then the unlimited? I dont wanna miss the opportunity of the CSP

[@Daniel_Braun]

Totally up to you! I got the CFF then the CSP then the CFU but the order doesn't really matter as long as you can get approved for the CSP. The only reason to hold off on the CSP to get the CFU first would be to see if Chase decides to increase the CSP welcome bonus offer again later this year but no ones knows what they will do

[@brianalvarez4345]

@@Daniel_Braun thanks for the advice!

[@ironlifeclub]

Any disadvantages to having this card while living overseas? Japan for example?

[@trevey16]

So how many is too many inquiries? Cause I wanna apply now for the Sapphire but i wanna be able to combine the points too so I would apply for Flex and Unlimited but thats a extra 2 inquiries

[@10ahmedhassan]

I applied for Chase sapphire preferred one week ago and got approved , when can I apply for Chase freedom flex like recommended waiting time because this would be my 5th credit card of 5/24 rule ? Does multiple credit card applications within 14 days count as one hard inquiry ? Lastly , if I got approved for 4 credit cards but one of them is closed does Chase count it as opened 4 credit cards or 3 credit cards in the last 24 months ?

[@Daniel_Braun]

Great questions Ahmed! So that would most likely count as 4 cards not 3. I would also think that 2 applications in 14 days will count as 2 hard inquiries. And I've usually waited 30 days in between applications but that is just to be safe!

[@nemui9654]

Yes, it counts as 2 separate hard inquiries. The 4 cards count no matter if they’re closed or not. However some cards don’t count towards 5/24. That’d be ones that are for specific places that don’t have a Visa, Mastercard logo in the corner. An example would be the kohl’s card. (There may be some that do still count but I haven’t seen one personally.)

[@10ahmedhassan]

@@nemui9654 I didn’t close it , it was never activated even and it was taken off from the credit report like it was never opened and never used dime in it . They removed it because of failure to activate the credit card within 3 months of approval . It doesn’t even show on my credit report as closed. Does that still count ?

[@nemui9654]

@@10ahmedhassan I haven’t experienced that so Idk if any advice I could give would be helpful. If it doesn’t show up for you then it may not show up for them. Keep in mind there are multiple ways to determine a credit score. Which is why it’s different but similar on different platforms and it may be on some of those still.

[@chrismcdonaldracing]

I am a AU on my girlfriends Amex gold but thinking of getting this card in my name as a second card for us.

[@codyhamilton7822]

points expire??😁

[@jenniferjones6343]

Why then is my fee $550 and not $95? I just received it almost 3 months ago.

[@Daniel_Braun]

You probably have the Reserve, not the Preferred. The Reserve has that $550 fee

[@ThePersianOne]

Damn, I might've messed up. I have the AMEX gold and just applied for the CSP, mainly for a card with travel points and to get that bonus. But maybe I should've went with a more everyday card in the AMEX lineup to earn more points through daily purchases. Seeing as how the CSP would just be used to book travel and some auto monthly payments for streaming services.

[@Daniel_Braun]

I think you can't go wrong in getting the CSP simply because the sign up bonus is so valuable! You can always get another Amex card later and then after 1 year with the CSP, you can downgrade it to a no annual fee chase freedom flex card

[@ThePersianOne]

@@Daniel_Braun Very true. 60k points is nice and the 25% bonus when redeemed through the CUR is even nicer. Nonetheless I don't think I'd use it for every day swipes. Strictly for travel purchases or redemption. So being that I have the AMEX Gold and soon to be the CSP, what card would you recommend I get next? I'm thinking of a more every day card that can also rack up points that I can redeem through either reward programs but since I'll have one of each major card, I'm stuck between which route to go with (AMEX or Chase). Leaning towards the Freedom Flex but I wouldn't mind going the AMEX route either but haven't seen anything in their line-up that beats the point earnings like the Freedom Flex does, at least as far as every day purchases go.

[@arey256]

I would like to know what everyone is using for their chase trifecta?

[@Daniel_Braun]

For me its the Chase Sapphire Preferred, Chase Freedom Flex and Chase Freedom Unlimited! But I also have the older discontinued Chase Freedom card which still gets me more 5x back on rotating quarterly categories as well as the Chase Ink Business Cash

[@arey256]

@@Daniel_Braun 👍🏽 I want to get the CSP but I want to wait a little longer to see if they increase the sign up bonus. I already have the flex and as for my last card I’m thinking either the business cash or the unlimited or the freedom unlimited. So in the end I’ll have the flex, the CSP and one of these mentioned earlier.

[@Daniel_Braun]

Nice! Great cards to have and I like the strategy of waiting for the CSP bonus to potentially increase!

[@arey256]

@@Daniel_Braun just got approved for the freedom unlimited today, I applied since it’s the last day to get that grocery spend bonus.

[@gabbyandadventures8270]

Can you use your CSP points to book flights with points through Southwest Airlines or only through the Chase UR portal?

[@Daniel_Braun]

Good question! Southwest is a direct 1:1 transfer partner with Chase, so you can transfer your Chase Ultimate Rewards Points at a 1:1 ratio into Southwest points. You could also book directly through the Chase portal for Southwest flights. Its just best for you to compare to see which option will require the least amount of points before you book anything

[@mr.ssj3847]

Which airlines are yhe best transfer partners?

[@Daniel_Braun]

Personally, I really like United and British Airways but you can find good value from many of them if you compare prices! It all depends on the types of flights that you're looking to book. I'll be making more video on airline transfer partners in the future!

[@lolipopped4902]

I’m looking into starting the chase trifecta. Does anyone know if by getting the freedoms flex if it would affect me from getting the freedom unlimited welcome bonus or am I able to get both.

[@raiden3013]

you should be able to get both. i got the cfu 10 months ago and got the 200 welcome bonus. just got the cff yesterday and also getting a 200 welcome bonus for it as well.

[@BronxY2k2]

I think I got lost in your explanation. How did you figure out it would be 45,000 UR points?

[@Daniel_Braun]

So all I did was I searched for Hyatt properties on their website because I wanted to see what options they had for where I was traveling to. When I saw a hotel that I liked, I clicked on it and Hyatt actually has a points calendar that tell you how many points it costs to stay each night at their properties. So I saw that it only costs 15,000 points per night, so for 3 nights that's 45,000 points. Since the cost of booking the hotel with cash was very expensive, I knew that booking with Hyatt points was the best option. From there, I also knew that Hyatt is a travel partner with Chase where I can transfer Chase points at a 1:1 ratio into Hyatt points. So I did that and was able to book a great stay for only 45,000 of my Chase points. Also, Chase points only have a cash value of 1 cent per point if I wanted to cash them out into my bank account, so the 45,000 chase points had a cash value of $450 which was the amount that I used to compare to the cash value of booking through Hyatt with cash. That allowed to me easily see that the value of booking with Chase points transferred to Hyatt was going to be a much better deal than booking with cash through Hyatt. I hope that helps explain a little better! Thanks for the question and thanks for watching 👍

[@BronxY2k2]

@@Daniel_Braun thank you so much for the detailed breakdown. I signed up when the had the 100,000k promo and I’m getting the hotel credit. Just want to see my options.

[@yushaos]

hotel point are worthless. sure, 3 night hotel would cost you $1700 on paper that you saved. buy does it bring you $1700 worth of value. to me it bring me like $300 worth of value as i can book something nice with airbnb $100 per night. book flight and rental car makes more sense as these price are pretty universal.

[@PlumbPitiful]

This company is so stupid. I responded to one of their pre-approved offers and was denied. One week later they sent me another pre-approved offer! What the hell is wrong with them?

[@popap1995]

1

[@Daniel_Braun]

You got it again Paul, thanks man! Number 1!

[@wow9947]

Woah

[@Alvin_1914]

13th

[@Daniel_Braun]

Thanks so much for watching and commenting Alvin! I really appreciate the continued support here on the channel! 👍