10 Mistakes You are Making With Your Chase Credit Card
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- เผยแพร่เมื่อ 8 ก.ค. 2024
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We look at 10 mistakes you are making with your chase credit cards, such as the Sapphire Reserve and Chase Freedom.
Credit Shifu Wallets: bit.ly/2wG0Glo
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Saving this to my credit card favs! Super organized as per usual. Will watch again in a couple days to figure out what I do not understand.
Great utility video
The Amazon prime credit card doesn't have a foreign transaction fee. I know you only get 1%, just in case you don't have a lot of credit cards
Loving your beard mate!
That was great info about economy seats, possibly being better with the Sapphire cards through the travel portal. I would not have thought about that. And I’ve been doing a ton of research lately on how best to transfer. I have status with American Airlines and I’m still learning how to use Avios points to book with that. Thanks man
finally a new advertiser!
First off, I love the thumbnail. Great tips about the 2 ink preferred cards. I’ve definitely fallen victim of not taking advantage of transfer partners 😬….that was before I got into the credit card game. 40k points wasted on a measly 1c/point cash back redemption. I also didn’t know about transferring points between family members, but I’m single so i can get a pass on this 😅😅.
Forget about activating categories? How about, forgetting the categories period 😂😂😂. Yup, I’m guilty!
I recently got my Amex gold and platinum and I think I’ll be ok for a bit without chase, especially in light of their 5/24 rule.
I remember their lovely overdraft fees in college 😅. I’m good for now.
You should make a video about your experience going through the Chase reimbursement program through eclaims line. I've personally had a lot of issues but I wanted your experience about it
I've accidentally kept using my flex card after I maxed out the 5% quarterly categories.
Denied saying 5/24. Called recon line explaining that my card is 4/25. They still said 5/24. This was stupid.
I think one of the most complex skills to learn in the credit card game is when to use each redemption method. For Chase points, whether or not to redeem for cash back, travel through the portal, or travel with transfer partners is a skill that is super important to learn to not miss out on all the free profit these cards will give you if you do the due diligence. Great points Ben!
Could get sapphire bonus if I just downgraded it to a freedom card and apply to a sapphire card?
Only thing I've done is forget and use the wrong card on some minor purchase a couple times. Like using a 2% cash back card when my Freedom Flex or Discover are giving 5% there that quarter. But it's like, darn, I missed out on 60 cents from that $20 purchase. Not exactly a devastating mistake.
I am doing research for my dad’s upcoming trip in mid this year. I am pleasantly surprised that I can slightly over 2cpp for economy class flight using united miles/life miles/aerocanada miles 😂
I didn’t know there was a 10pts/$ United offer that needed to be activated for oct - Dec on Amazon, gas and groceries :/ big mistake!
How long after opening a card, can I close the card? I want to get a new chase card but have too many right now.
One of the best videos recently. Thank you!
Did my moral compass potentially screw me out of 70,000 UR points? I recently completed a version of the Chase trifecta - I have held an original Freedom for years, a CSR in 2021 and as of a few days ago the CFU. I considered applying for the CIU because they're running a deal for a higher SUB at lower min spend, but I wanted to use it for some home renovations that I couldn't in good conscience say was for business purposes, which is the first item on the T&Cs.
Second. Love you Ben!
I've found good value for non chain hotels booking through the portal though. Good video.
yes that is true, if you don't have status or there is no loyalty program anyway because it isn't part of a chain, then the portal is great
Can I have a CSP Business credit card and a personal CSR at the same time?
So I cancel my Sapphire to reapply to get a new bonus. Do my points remain solid with my other Chase cards? What if I reapply and get denied? Then I lose the ability to transfer them?
I have 3 Ink Unlimited Cards (25k, 75k, 40k) to the same business and 1 (50k) to another company.
bought a couch this year. I thought the freedom flex max point redemption was $1,500 a quarter, not $1,500 in spend........(used PayPal)
5/24 rule. I would really like a targeted offer right now butnwith the economy the way it is. I don't think that's going to happen. Just have to wait until June of next year
I got my Sapphire preferred last year when the intro bonus was 100k points. I don't really use it much other than dining and for online grocery orders when I max the benefits of my Amex blue cash preferred. I'm curious how much of an effect of cancelling my Sapphire would have on my score since it would decrease my average credit age. It could be worth it if that offer comes around again, but I haven't seen it over 60 or 80k since then though
But what about redeeming points? And points that you earned on freedom cards and transferred over to Sapphire? CSR gets 1.5 cents per point in the travel portal, and has all the transfer partners
@@TheCreditShifu I just redeemed for cash back since they nerfed the pay yourself back. The reserve annual fee is to spicy for me and my Amex gives way better rewards in general. I don't travel all that much anyway. I'll just build enough points for a vacation and that's pretty much it.
I'd keep the CSP for the redemtions, but if you really wan to get rid of the annual fee, after you've had it for a year, you can downgrade it to a Freedom Flex or Freedom Unlimited. Neither of those have annual fees.
Is the hit to your credit score worth the extra points you get cancelling a Chase Sapphire card for a new one?
What hit do you get to credit score? A few temporary points? Seems 100% worth it for $1k+ worth of free travel.
If you don't want to lose the age of your account, just downgrade it to a free card.
I just got back from
CO where i booked flight through chase on united due to the 1.25x. But I never got credit for it, not sure how this is possible since you are booking through 3rd party
You should be able to enter your United number at the time of booking, if you didn't do that, there should be a way to find the flight through your United account, you may be able to enter your booking reference and link it to your account still, usually if the flight was within 6 months. It varies by airline, I'm not an expert in how united works, I am more familiar with American Airlines and British Airways.
If I already over 5/24, will I be rejected for business card?
I have 2 chase cards:
Chase Starbucks Visa
Chase Freedom
Why cancel your sapphire preferred when you can downgrade to a freedom flex/unlimited and keep your credit history?
You keep your credit history anyway, thats how FICO scores work, its only on vantage score that it doesn’t. I have tested, there is really hardly any impact to a FICO score. But when i say cancel, i guess i am assuming people understand cancel or downgrade. You could do that, you are right
I find the economy fare on the chase portal is more expensive than google flights etc or transfer partners so better value but also more expensive anyone else experience this too?
Well thats why you gotta check and then choose the one that makes most sense, but i would say more often economy on the portal works out cheaper than transferring points, especially if you have the CSR. But obviously if you really find it cheaper to transfer, then do that
@@TheCreditShifu makes sense that’s helpful thank you!
Best travel partner for trips to south America
+1 to the transfer points part. EVERYWHERE I read told me to transfer, transfer, transfer my points. I couldn't actually see the value of my points on the partner (JetBlue) and thought it would be a better deal anyway, since at the time I was reading online JetBlue has a 1.5 cent per point conversion. I ended up paying more for the flight post-transfer and would have saved a handful of points if I just bought from the UR portal.
Will probably only consider transferring for very expensive flights going international. For domestic the portal is honestly the best option.
Can we downgrade CSP/CSR after 48mo. Apply for new CSP for bonus? or we must cancel
I Believe you downgrade your CSP/csr to a flex or unlimited
Yes, you can downgrade. It's probably better to downgrade so you keep that credit limit/age of account
1:37 it looks like the text means you can't have sapphire card within 48 months when you apply a new one, not what you were saying, 48 months after you enjoyed the first bonus.
for example, I had hold sapphire card for 7 years, I decide to cancel it, wait for a couple months and reapply, I would be disqualified for the bonus according to the text, but what you were saying is I would be qualified.
No, you would be eligible in that situation. Here are the terms of who cant get the bonus (i) current cardmembers of any Sapphire credit card, or (ii) previous cardmembers of any Sapphire credit card who received a new cardmember bonus within the last 48 months.
The best way it is book a hotel 1.5 cancel the hotel and cash back your money
👍
you missed the chase sapphire R? fee
I don't miss the fee! haha
So the freedom is not so free
Can you downgrade then apply for a new one?
For sapphire, you could downgrade to freedom and then apply again, as long as it is 4 years since you got the bonus.
bro ... bring back the beanie...
No need to hide on the name of the company that does once in the lifetime
I don't make mistakes because I don't play their games.
Wow even Ben is covering his eye now. Guess youtube fame does come with a price.
Its more like covering my forehead, i guess it overlaps with my eye. But no, I can assure you I would never sign with the Illuminati. I detest all that deep state woke stuff, i can assure you of that. This is still an independent channel.
Can u make a video 10 mistakes u make with ur gf next? Thanks bro 🙏 🤣 jk
I normally think business cabin overcharges a lot to customers. Think about it, who are the game makers, Chase, airline companies, they offer you 7c/point for business class while they still make money from you guys. So personally think three times before you fall into this capitalistic trap.
My biggest mistake was probably getting one…
How come?
Ouch 😅
shots fired
@@justjojo1666 I like the look and feel of the metal card, but found out a day after getting it that Chase is involved in anti-American ESG activities. I’d rather my money did not support such activities.
@@jedmerrill I haven't heard of this before, but a quick google search showed that US Lawmakers have spoken up about it. Is there more you could share in a brief sentence?
British guy talking about American credit cards? 🤔
British US permanent resident who has lived in New York for 11 years talking about US credit cards, yes
@@TheCreditShifu welcome aboard mate
Did you hit your head?
Who?
My Worse mistake.. Not getting my reserve sooner .
Activasion./+75/%