The Chase Trifecta in 2023 | Still the BEST Credit Card Strategy?
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- เผยแพร่เมื่อ 4 ก.ย. 2022
- Is the Chase Trifecta still worth it in 2022? Does it still stand as the BEST credit card setup? Do you enjoy free travel, tons of points, and lots of rewards? In this video, we break down the current state of the cards in this credit card strategy, along with close comparisons with competitor cards, and go over pros and cons on this setup!
The 8 BEST Credit Cards (2022): • The 8 BEST Credit Card...
Top TRAVEL Credit Cards (2022): • The 5 BEST Travel Cred...
Citi Custom Cash Review: • Citi Custom Cash Card ...
Chase Freedom Unlimited Review: • Chase Freedom Unlimite...
Chase Freedom Flex (vs. Unlimited): • Chase Freedom FLEX vs ...
Chase Sapphire Preferred: • Chase Sapphire Preferr...
More credit card reviews and videos: • Credit Cards!
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Chase Freedom Unlimited/Flex: www.referyourchasecard.com/18...
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Capital One Venture X: capital.one/37QcNBS
Rakuten (Get $30!): www.rakuten.com/r/KEVINY174?e...
Chase Sapphire Preferred vs. Reserve: • Chase Sapphire Preferr...
Chase Trifecta: • Chase Trifecta EXPLAIN...
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Note: I am not a financial advisor. The ideas mentioned in these videos are for entertainment purposes only. Please do your research before making financial decisions.
#Chase #creditcards #ChaseTrifecta
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I watched several vids about Chase trifecta use, your explanation is the best, clear, perfect speed, not too fast, and on point. But the best part is giving the tips on what card to use for specific purchase. Thank you very much!!!
In my opinion, the Chase Trifecta is still the best credit card setup you can have. Especially if you're a beginner! The ease of use of Chase's points in combination with how cheap the setup is overall makes it a powerhouse of a trifecta for anybody in the credit card game. Also, one tip I've been implementing lately is to downgrade all the Chase cards you don't use or want an annual fee on anymore to an OG Chase Freedom rather than a Chase Freedom Flex or Unlimited so you can get back in line for those sign-up bonuses too! This was a great breakdown as always Kevin!
That's a great point Spencer! And that's because downgrading to those cards will reset your 24month timer?
Hey there's two of us! ;-)
@@KevinYang does it reset your timer
I'm a big fan! Thank you for sharing your insight in how to maximize our credit status!
Thanks for watching!
I liked how you mentioned that you are eligible for welcome offers after a few years have passed. That is strength that amex doesn't have.
Definitely! Starting the clock on these Chase timers is major!
I think for most people, the Chase trifecta is the best! Much lower AFs than AMEX, easier credits to use, etc. Great video!
Exactly! Thanks for the support Manny!
I love that the Freedom Unlimited is effectively getting you 1.875% cashback on all purchases when it’s paired with the Sapphire Preferred 🥳
Yup! And even more when paired with the CSR (given you can justify that card). That said, 1.875 is close enough to the 2% too.
@@KevinYang they should up it to 1.75%
@@rthilson I wish.. that would make this so much more competitive.. But I think they know they don't need to (at least for now)
Great video! Which of the three do you think one should apply for first ?
Thanks Jill! It depends on a few things:
- How is your credit score
- What you are aiming to do (luxury travel, cash back, economy travel)
- Can you hit the minimum spend targets
etc
8:20 this right here is genius and why the Chase Trifecta is beloved
Covers all the bases!
Been thinking of simplifying my setup to the Venture X/Hilton Aspire (and airline cards for a few things) instead of the Chase trifecta etc. What do you think? Is the Cap One Portal solid?
The portal seems solid from the light testing that I've been doing! And the Venture X is probably your best choice for a "simplified" kind of setup
hi Kevin, appreciate your content, question: why using a trifecta if the chase Sapphire preferred gives me 10% aniversary bonus + the points it gives me at the end of statement, totaling at least 11 points per dollar, or did I do the math wrong?
The Sapphire anniversary bonus is on the amount of spend you did, not the points you already received! So for example, if you spent $25000 (which for example maybe you got 25000 points already if at 1x), you'll get 2500 more points, totaling 27500 which means a return of 1.1x.
Great video! I recently got the Amex gold - and can refer you for a better offer than the publicly available sign up bonus.
Nice! Yeah the highest I've seen is 90k SUB. Still wanna try and eek out the 90k + $250 for dining at some point.. maybe haha
If I decide to go down this route. Do you just apply for all the cards at the same time? From the hardest to easier card? How do you acquire these
I would apply for which one fits your lifestyle first, and that you can hit minimum spend for. Then spread out applications probably around 3-6 months apart!
Which card would u say is best to pair the sapphire preferred….the chase unlimited or freedom flex?
Both! Though if I really had to pick, I do prefer the Freedom Flex
So if I apply for chase freedom and sapphire or any 2 chase cards the same day. I won’t get both sign on promotion?
The 24 month rolling period for promotions are for *each* card. The only issue with apply for more than 1 card in a short time is getting denied because you just got a new card
Would the Amazon Visa Signature card count towards building points, since it's offered by Chase? Or no?
Nope! Cobranded cards are separate, just like how Hotel cobranded cards like the Chase Marriott cards earn Marriott Bonvoy points, not Chase
For everyday use wouldn’t Apple Card be better than as a solo card? 2 percent cash back on everything if you do Apple Pay and no annual fee. Assuming you just use one credit card. (Ik if you do all three is different. But I just mean if you just apply for one of the cards
2% is definitely the target you should be going for, and if straight cash back is all you really care about, then there are still much better combos to get!
For example, Citi Double Cash for 2% on everything, with Citi Custom Cash for up to 5% in certain broad categories!
I have 4 months of credit history, soon 5 months ending this month. I have a 710 score on experian and a 687 on credit wise. Fico score will come on my 6th month. I use a capital one card, started on the platinum to which they later offered me an upgrade to the QuickSilver card. I wanna apply to either freedom flex or freedom unlimited. Should i wait till my 6th month or do you think im good to apply?
Edit: i did bump up 30 points this past month. So far i have not had one late payment. I pay my card in full every end of the month and use less then 30%. This month i have only used 10%.
I would get the unlimited, I heard it’s easier to qualify for. For the “flex” I heard they look for a year or more of credit history. Let me know which one you do and if you’re approved!
@@addison_hickman Change of plans. Im going to wait untill the end of October. My fico scores comes in next month. 6 months should work to get approved.
I have a 760+ credit score and want to apply for one. Which should I apply for first ? The unlimited or sapphire? I’m not sure if I can hit the spending bonus but I do want one my first for traveling
In that case either the Freedom Flex or Freedom Unlimited should be good!
Hello, I have preferred chase. I’m already approved for unlimited or flex card. Do I still get the bonus points even tho I got the bonus points from the preferred card ?
Yes! The 48 month limit is for Chase Sapphire Preferred OR Reserve. The 24 month limit is for Freedom Unlimited, Freedom Flex separately
I have the trifecta with the Preferred. I was thinking about getting a hotel card to maximize my points as well as my overall travel experience when staying at hotels. Which hotel card would you recommend adding to the chase trifecta to enhance the hotel stay? I want to maximize the UR points, hotel status (upgrades, perks) when traveling. I don't really have a preferred hotel chain, but that can change depending on the best value I can get. I was thinking Amex Platinum for the Hilton and Marriott Gold Status which would also give more hotel choices between the 2 brands as well as the Marriott point transfer ability. (plus the airport lounge access would be nice too) The Amex Hilton Aspire was my other consideration for the Diamond status. I would love to hear some thoughts/suggestions. Appreciate all the videos and insight that you provide! 👍
If you really want to get great hotel perks, the Hilton Aspire (giving Hilton Diamond) and Marriott Brilliant (giving Marriott Platinum)! I do have a video comparing the two as well :)
Why are chase points higher value than Amex points for you?
For most of the redemptions that I'm aiming to do, the two points overlap in terms of airlines, but only Chase has Hyatt which is a very valuable partner.
Chase does have a higher "baseline" redemption of 1 cpp for cash back, but I mainly use points for transfer partner redemptions, so that point is irrelevant for my usecase!
Do you need the chase preferred for the travel points or can you just have the unlimited and the freedom
You can earn purely with the Freedoms, but you'll need one of the Sapphire cards to unlock the ability to transfer to travel partners!
@@KevinYang ok is there a income requirement for the chase preferred credit card or can you get it with just a good credit score
Do the chase cards have access to the visa hotel collection??
Only the CSR is a Visa Infinite that would qualify you for the Visa Infinite Luxury Hotel Collection!
@@KevinYang not all visa infinite cards are apart of it though. You have to go to the site to put in your card number to see if it's eligible. That's why I'm asking. Also have been asking on Venture X videos
@@blakinsideandout Great callout! I personally do not have the CSR so I can't personally confirm for you. I tried looking for answers elsewhere and also coming up short of any definitive answer. Sorry Kane!
I need a little help, I am looking to add a third card. What do you think are good options I have a decent score of 730.
So far I have Bofa and discover.
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Do you recommend applying to them at the same time?
Great question, and no I don't! I think a good cadence is one every 3-6 months or so.
@@KevinYang For the same company? Example. Can I apply to two different banks since I cant apply to the same one at the same too
@@christinalove1309 I don't think there's a hard and fast rule for that unfortunately!
I am trying to decide between the flex and the unlimited.
Which cards do you have today?
@@KevinYang I have U promise (barclays) and Capital one for over 10 years now. I dont have another CC card. I need to balance transfer for the Barclays and I also want a card for the travel rewards. I travel Jet Blue. So I am looking to apply to at least one Chase card possibly a get Jet blue card and the Citi double or custom Bank. But I am also interested in the Chase Trifecta. I went to the chase and Citi bank today in person , but they were busy.
@@christinalove1309 Honestly you can't go wrong with either the Flex or Unlimited. It really comes down to if you think you can put enough spend in the rotating 5% categories or not! But hey, you can grab one and then grab the other a few months down the line!
I applied for CFF with a 730 score but I was denied because of insufficient credit history is it worth it calling reconsideration line?
Was it an immediate denial? What other cards do you have and how recent?
@@KevinYang instant. I have discover it & capital one both secured. 6 months ago. I knew I should’ve waited but I was so stubborn to get the 5% on gas (offer)
@@Mr.305_ That does sound a bit soon.. Are you able to also get a card that's *not* secured? Or even convert a card like the Discover one into a regular credit card?
@@KevinYang both my cards should turn into a regular card within a month.
@@Mr.305_ Early congrats to you! Maybe have that happen, then continue doing all the best practices for a few months before trying again!
I been planning in applying for the chase sapphire reserve since I travel a lot, I currently have a 784 Fico score. My concern is my credit history length is only 2 years and 6 months should I wait a longer time ? What are my chance of approval?
Thank you God bless you !
784 is pretty good! How long ago did you receive your most recent card? If it's say, 6 months ago, I think your chances of being approved are pretty good!
@@KevinYang Yes it is. Thank you for your reply I’m grateful
@@humbertoandujar1406 Np, good luck! If convenient, do check out the links in the description for card sign-ups, but only use them if the offers are competitive!
Yup agreed I say go for it. Just make sure when you apply you’re capable of spending enough to get the sign up bonus. I have the CSR and it’s been good to me!
My only issue with Chase is that their travel portal and travel customer service is terrible. For the most part, this isn't an issue because it's generally not worth it to use it most of the time, but it can be a headache if it is something you might want to use at some point.
I also like the Capital One Venture X card a little bit better than the Chase sapphire reserve--because it's a cheaper way to get things like lounge benefits, points are added to account faster (within a few days), and their travel portal works very smoothly. If chase can improve in these areas, it would be completely unbeatable.
Totally agree, especially with the Venture X (which I personally have) over the CSR!.
Also Amex >>> everyone else in terms of customer service haha
I think that the Citi trifecta beats the Chase trifecta in earnings, but Chase beats it in transfer partners, especially hotels, which I care more about than airlines. I also think that the CSP generally offers more value than the Premier with things like rental car coverage and purchase protection. Still, if you’re focused mainly on cash back, I think that Citi is actually a better setup, but if you care maximum value per point and ease of use when transferring to travel partners, I think that Chase has the edge. Personally, I think that the value of both setups are driven by their 5% category cards because of the outsized effect on total points for average spenders.
Yeah I think the Citi side does have a slight edge on the earning. Even the Custom Cash > Freedom Flex given its month-to-month (automatic) categories.
Up
5% Cash back on Custom? I see you got Jokes? More like 2.5 because it is given in points and they’re only worth .5 cents! I’m debating canceling this deceiving card!
Yup Citi points are worth 1cpp when redeemed for travel, with the potential of being worth more if you transfer to partners by having more premium Citi cards. Definitely one step below Chase.
dude this is your third chase trifecta video in past year. new content please, stop milking for views over and over
Thanks for still watching! I think judging by the views and feedback on this so far, it was worth the video given most people on this channel joined way after the previous one! That + some new info on comparisons and others details make this an important topic imo.
And it’s all regurgitated hype by credit card fanatics. There’s literally NO point of having the CFU if you have the CFF.