5 Things KILLING Chase Credit Cards (Nobody Talks About...)

Рет қаралды 30,103

Күн бұрын

Chase credit cards have a HUGE PROBLEM that you need to be aware of before hitting that Apply button. Here’s everything you need to know to make sure you understand Chase’s shortcomings. Click “Show More” to see Ad Disclosure, links, and additional information below.
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00:00 Introduction
00:42 Problem #1 - Chase Has Very Few Unique Transfer Partners. Of the 14 total Chase Transfer Partners, only 4 of them are unique when compared against Amex Transfer Partners, Citi Transfer Partners, and Capital One Transfer Partners. However, that drops down to only ONE UNIQUE PARTNER if you also add in Bilt Transfer Partners.
5:07 Problem #2 - One of Chase’s Best Transfer Partners (Hyatt) Is a Very Small Program. Hyatt hotels are fantastic, but they’ve got a very small footprint worldwide. Currently, there are around 1,600 hotels in the World of Hyatt program, yet the likes of IHG One Rewards and Hilton Honors have around 7,000 properties participating in their programs (and Marriott Bonvoy has over 8,000)!
6:30 - Problem #3 - Chase Offers Zero Personal Core Cards With a Dedicated Gas Category. Crazy! Neither the Chase Sapphire Reserve nor the Chase Sapphire Preferred have a rewards category for gas stations. The same holds true for the Chase Freedom Unlimited and the Chase Freedom Flex (although the Flex typically earns 5% at gas stations for one quarter of the year).
9:02 Problem #4 - Chase Offers Zero Core Cards With a Dedicated, Traditional Grocery Category. Crazy again! There are a bunch of co-branded credit cards issued by Chase that offer a grocery rewards category year round. Yet, the Chase Sapphire Preferred offers 3X Chase Ultimate Rewards points ONLY on ONLINE grocery purchases, and again, the Chase Freedom Flex typically has groceries as part of its quarterly categories for 3 months.
11:57 Problem #5 - Chase Has a Lot of Rules. We all know the Chase 5/24 Rule, but there are a handful of other Chase rules to be aware of that make applying for Chase credit cards a bit difficult. Watch the video below to learn more about them:
🎬 VIDEO - How to Get APPROVED for Chase Credit Cards (Chase Application Rules)
• How to get APPROVED fo...
Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #bestcreditcards #chase

Пікірлер: 300

@MarkReese Жыл бұрын

💳👉VIEW CREDIT CARD OFFERS! markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! markscreditcards.com/rakuten 🤑 GET FREE STOCKS FROM MOOMOO markscreditcards.com/moomoo ⬆ (More links in Description below video)

@LukesPointsandMiles Жыл бұрын

Mark you’re speaking a lot of truth. Chase has its pros and cons. It’s nice that someone points out that it’s not all roses over there.

@MarkReese Жыл бұрын

Roses...plus thorns 🤙

@MannyCovington Жыл бұрын

With grocery and gas being such high spend categories for a lot of people, not having them as dedicated categories really does hurt Chase cards

@MarkReese Жыл бұрын

It sure does 👍

@antonh1709 Жыл бұрын

For a lot - except if you live in a place like Manhattan or similar downtown core.

@TheyMostlyComeAtNight Жыл бұрын

A system of cards interlinked, within cards interlinked, within cards interlinked within one bank. I've retired from playing the game.

@MarkReese Жыл бұрын

#ChainReaction ⛓

@SpencerJohnsonOfficial Жыл бұрын

The lack of the grocery and gas categories on Chase's cards is really tough. I know it's possible to get those categories covered with the 5x promos on the Freedom card SUBs from time to time, but a permanent in-store grocery or gas category getting added to even just the Sapphire cards would be hue. Great video Mark!

@curmudgeonextraordinaire1884 Жыл бұрын

Sapphire already has it part way, they just need to go all the way with it.

@SpencerJohnsonOfficial Жыл бұрын

@@curmudgeonextraordinaire1884 I completely agree. I know you can take advantage of the online grocery category with certain local grocery stores (even in-store), but that's still annoying to have to deal with when they could just make it an all-encompassing grocery category.

@MH_6160 Жыл бұрын

Agreed, 3% on online grocery is ruined by any fees added by the merchant…. the CSP would be a amazing card if they allowed in store grocery.

@MetroJet2000 Жыл бұрын

Agreed. I usually turn to Amex for those categories.

@MarkReese Жыл бұрын

Yep! From the moment they refreshed the CSP with 3X Online Groceries, my thought was, "Great, when's the next update coming?!" 😁

@Me-sr7kw Жыл бұрын

love these videos. Thanks for all the detailed info. Keep it up. I was leaning toward chase cards then I watched this video. Now I'm leaning toward AMEX more.

@MarkReese Жыл бұрын

Glad you like the videos! 🎬

@paulstein916 Жыл бұрын

I love my Chase cards but your analysis is spot on. That’s why I have BCP and others to fill in the gaps. I bet you could do similar videos on each of the other 4 issuers on top 5 things killing their cards. I find they all have pros/cons and no one setup does it all.

@MarkReese Жыл бұрын

For sure 👍 Good use of the BCP to fill in the gaps.

@yvjyang Жыл бұрын

Awesome video! Thanks for the introduction to their partner cards which offer some interesting options!

@MarkReese Жыл бұрын

You bet! 🎬

@armandoangeljr4464 Жыл бұрын

Well said, Mark! The fact that Chase still doesn’t have a “core” card that earns at least 3X on groceries and gas permanently is baffling to me. I have the CSP, and the online grocery category is worthless for me and is a bummer that Chase just doesn’t change it to in-person groceries. Also, one other flaw I see is in the dining category for the CSR… 3X for a $550 annual fee?!?! I know it comes with the credits to offset it, but it should be 4X at LEAST! That’s my $0.02!

@MarkReese Жыл бұрын

I hear ya on that 3X 😁👍 Perhaps it's because Chase allows travel redemptions at a minimum value of 1.5¢ each via the CSR, so 3X = 4.5% return.

@l.a.rivasesq.8841 Жыл бұрын

Excellent job comparing these cards!

@MarkReese Жыл бұрын

Thank you!

@johnmckinstry6057 Жыл бұрын

Great video Mark! Yes, the Hyatt program is definitely limited. IHG and Marriott both have bigger footprints than Hyatt. Chase definitely could improve their cards in the gas and grocery categories. I really wish that the Chase Freedom Flex and the Chase Freedom Unlimited had different 3% back categories. Chase could probably add 3% back on gas and groceries to one of the cards and remove the 3% back on dining and drug stores from that card. I also find it a little weird that both Freedom cards and the Sapphire Preferred all have 3x back on dining. The biggest problem with Chase in my opinion however, is the 5/24 rule. I think they should adopt a better application rule more like Bank of America’s 3/12 or 7/12 rule. I have 3 Chase cards now and I’m over 5/24. I don’t like having to have to wait for potentially years before I can apply for another Chase card. However, I am not going to put applications to other card issuers on hold just so I can get more Chase cards.

@MarkReese Жыл бұрын

Great points above, John! There's definitely a lot of overlap in rewards categories w/ the Freedom + Sapphire cards. And yes, the 5/24 Rule strikes quite a nerve with so many people 😆

@philbertshevitz3113 Жыл бұрын

So glad to see you added chapter time stamps...😂

@MarkReese Жыл бұрын

🙌

@BobBacheler Жыл бұрын

Going at Chase hard core. Great video pointing out the limitations of the core cards.

@MarkReese Жыл бұрын

Had to do it!

@jordan23ww Жыл бұрын

Great video! Phenomenal topic and breakdown! I always love your attention to detail! Thank you for sharing this information!

@MarkReese Жыл бұрын

Glad you enjoyed it!

@aryansingh163 Жыл бұрын

However good a card is, it's always important to talk about pro as well as cons. Very well put up video with all the data points.

@MarkReese Жыл бұрын

Absolutely right 👍

@nubianpwr Жыл бұрын

Exactly👋🏾 There's 1 more thing however that bothers me to no end. Too many overlapping multiplier categories between their most premium and "no AF" cards - nope😎

@kevinManhattan Жыл бұрын

this so true

@MarkReese Жыл бұрын

Great addition 🏆

@bujaminvokshi6864 Жыл бұрын

Beautiful “outside-the-box” video Mark. Thanks for laying out facts instead of simply amplifying hypes.

@MarkReese Жыл бұрын

You bet! 👊

@ksprincess Жыл бұрын

Best credit card video I've seen... great job!

@MarkReese Жыл бұрын

Thanks Sara!

@jim4038 Жыл бұрын

I’m so glad you made this

@MarkReese Жыл бұрын

💯

@maritestaylor8458 Жыл бұрын

Thank you for letting us know this awesome.

@MarkReese Жыл бұрын

Any time!

@pishposh4506 Жыл бұрын

The FU should be a 2% catch all card, the FF is fine staying a rotating category card, and then they need to make a 3rd no annual fee freedom card that is a gas/grocery/dining card

@MarkReese Жыл бұрын

I'd really like to see that setup 🏆

@gregb5876 Жыл бұрын

I disagree on Southwest. It's not difficult to get outsized value with Southwest. The Companion Pass couldn't be easier to get and when you do, you immediately get 3 cents per point.

@MarkReese Жыл бұрын

Fair point 👍 Still note that 3¢ =(2 x 1.5¢). The video was focused on the value of the rewards currency itself (i.e. Rapid Rewards) and not the overall value that can be extracted from the broader rewards program. A similar argument could be made for nearly all major hotel currencies, airline programs, etc. Example: Marriott points = 0.7¢ (avg.) ... but my Gold Status got me an upgrade ... so I actually got 1.1¢ per point. Again, "fair enough." However, the points themselves were still redeemed at the lower value; you just layered on an addition 'non-points-based benefit' and increased the total value of the stay. That's how I view it.

@terrintv9779 Жыл бұрын

Thank you for pointing this out. I don’t have any Chase cards and I don’t feel like I’m missing a thing.

@MarkReese Жыл бұрын

😎👍

@uniquesoul73 Жыл бұрын

Great video. I have the Chase Freedom Flex that I only use during the grocery quartet category. Otherwise I find the card lacking.

@MarkReese Жыл бұрын

Smart use of the card (i.e. selectively) 👍

@gregb5876 Жыл бұрын

Great thing about Chase is how easy it is to earn UR points and pool them with a P2.

@MarkReese Жыл бұрын

Indeed!

@clausellray Жыл бұрын

Mark that was a great break down, from your break down Chase doesn't compare to the other banks. I will review your content again and see if Chase is for me. Thanks for sharing and keep that content coming

@MarkReese Жыл бұрын

I still think Chase has the best overall rewards program in the industry right now. But, that doesn't mean it's right for everyone.

@gregb5876 Жыл бұрын

I even love transferring to BA and using them on short AA flights. I easily get 3 cents per point.

@MarkReese Жыл бұрын

Excellent domestic redemption 💯

@mistertor Жыл бұрын

This is why, as with so many financial matters, diversity is key. This quarter, I have been using either my Discover It Card or my Chase Freedom Flex for groceries. For the rest of the year, I will most likely be using my AmEx Blue Cash Everyday. Groceries are my largest category of spending, and I have to believe there are other people out there with similar spending habits. Chase would certainly lock up a lot of transactions if they had a dedicated 3% grocery category on one of their core cards. Awesome video. Hopefully Chase will take some of this constructive criticism into consideration.

@MarkReese Жыл бұрын

Discover it + CFF = excellent combo 🏆

@antonh1709 Жыл бұрын

Bingo. I use Amex Gold for groceries and restaurants, Capital One Savor for Uber Eats (10x/$), Business Gold for gas (4x), Business Plus for 2x Amex Pts on general spend. CSR for me is a sock-drawer card I use with Chase Travel for hotels and Lyft (10 pts/$) and Instacart for booze delivery. Plus, I usually put on it airline taxes and fees when I book flights directly (3x + travel insurance).

@Adiscretefirm Жыл бұрын

Chase needs a 3x 3x 3x style card like the Savor, Autograph, etc

@cyril_ogude Жыл бұрын

That intro!!! Mark is on fire

@MarkReese Жыл бұрын

🔥🔥🔥

@SolidLiquidFox Жыл бұрын

Chase likes to keep the Preferred as an entry-level travel card. That means they would need to introduce a dedicated gas and supermarket card. Possibly at $200 and with max 4X capped multipliers on those categories. No travel protections and, much like FU and Flex, possible foreign transaction fees. The card will, of course, have some Doordash, Lyft, Instacart, etc. rebate. This sounds like Chase's style. None of their other cards would be enhanced because they are entry-level for different target customers.

@MarkReese Жыл бұрын

Chase could learn a lot from the C1 SavorOne Card 😬

@druiz012 Жыл бұрын

I agree with everything you said in this video. Chase is lacking in many ways... I've also never understood why people hate on Capital One transfer partners. They have lots of overlap with Chase and additionally Turkish, Asia miles, Qantas, Tap. (Turkish is a GREAT one imho) but chase points are also pretty easy to get. And, though Hyatt has a tiny footprint, it's a great chain to get value from your Chase points. I love using chase to top off, Aeroplan, Avios or Flying Blue points. But its always smart to remember if you brant the most value... you have to branch out!

@MarkReese Жыл бұрын

People likely don't appreciate C1's transfer partners due to a lack of understanding, which is totally understandable. Using international airline programs to fly domestically & using miles on 1 airline to fly on a completely different (alliance) carrier is far from straightforward (and isn't marketed or communicated well by the airlines).

@caribdude8151 Жыл бұрын

Hey Mark, I left a comment on this video previously today about 6 hours ago but I don't think it posted for some reason. Basically I was writing to say that the CFU will work for me in the non bonus category spend even though most of my spend is in grocery, gas and restaurants unless it's covered in the 5% rotating then I'll use CFF . I'm cool with that rather than having an Amex Gold or Citi Premier just to earn that 3x or 4x vs 1.5x. I'd rather stick with what Chase has to offer and I'm loyal to them. I'm also glad that the Discover card will be having 5x on Restaurants for the Q2 rather than overlapping w/ groceries or any category like they have done in previous years with the CFF and this year of course. So the Discover card will be getting my restaurant purchases rather than the Chase Trifecta. Great video btw!

@MarkReese Жыл бұрын

Great strategy above, caribdude8151!

@ItsMeCJ Жыл бұрын

I love that we credit card content creators are covering these drawbacks about Chase. The good news is, Chase can easily address these drawbacks since some are as simple as adding a dedicated gas and grocery category to one of their UR earning cards. It’s time for an overhaul of these credit cards because Chase is beginning to become lost in the dust.

@MarkReese Жыл бұрын

💯👍

@antonh1709 Жыл бұрын

Not necessarily. If CSR wants to focus on city dwellers like Manhattanites and residents of similar downtown cores - this product does what it needs to do. These people virtually do not spend on gas, but do spend on travel, transit, dining out and delivery. And CSR earns 3x in those categories - not bad at all. Plus memberships and credits relevant to them.

@rayaldally9677 Жыл бұрын

Dude I love the transfer partner chart. Really puts it into perspective.

@MarkReese Жыл бұрын

Glad it helped! ✈

@antonh1709 Жыл бұрын

Since I travel between US and Canada a lot, I find Chase's United partner the most valuable. Me and my family often fly between the coasts in US and Canada - New York to Vancouver. I find that UA miles are often better to book Air Canada business class transcons than Air Canada miles, and I keep Chase Sapphire Reserve for that alone. Plus, me and my Canadian family have supplementary cards for lounge access and travel insurance. Plus - an important point that this video misses - Chase Travel multipliers and Lyft. CSR gets you 10x points per $ on Lyft and Chase Travel Hotels, which can truly boost your point earns. Then, there are DoorDash and Instacart memberships and credits. These things make CSR for me a keeper card.

@MattClausen Жыл бұрын

All of this is why I have been reticent about pursuing Chase. One can hope that a revamp could be in order, or the Rise is the card we need (it likely isn’t going to be the card we get, hello Edge replacement). But Hyatt is alluring and SUBs are the quickest way to gain lots of points. I’m also plotting on a dedicated WoH card anyway, and going Bilt as soon as I’m renting.

@MarkReese Жыл бұрын

WoH + Bilt = great combo 👊

@MattClausen Жыл бұрын

Especially if Bilt sets up points for mortgage payments. Great breakdowns as always. And the new Bilt/WoH status trial has me contemplating breaking through 5/24 and grabbing both…

@MarkReese Жыл бұрын

@@MattClausen - The 90-Day WoH status promo via Bilt seems to be available via the Bilt app itself (i.e. free for all 'Bilt members'). I don't see anything requiring having the Bilt Mastercard. Just sign up for a free Bilt account.

@MattClausen Жыл бұрын

@@MarkReese Yup. Done and Done. Prior to this I was just going to chill until September to get three cards off my 4/24...now I'm trying to figure out if I should add a card for this specifically as CSP/WoH was my planned cards after the garden.

@MattClausen Жыл бұрын

When you swear off the most expensive Chase card one day; and the next get….the most expensive Chase card because it will just kill it with points for your upcoming travel. And a killer credit limit.

@tarrius1210 Жыл бұрын

😮wow, this content smacked me right in the face as a Chase Fan❤. Hopefully overtime chase will improve their program etc. Great content no matter how bad this video hurts 💔

@MarkReese Жыл бұрын

Sometimes we gotta hear some straight up real talk 👊😎

@tarrius1210 Жыл бұрын

@@MarkReese I’m starting to realize why you guys have a diverse credit card portfolio because each issue offers their own good benefits, perks and categories that the other credit card issue may lack.

@chriseverydailyshow4164 Жыл бұрын

Well done Mark. I appreciate how you've laid out very specific items to consider. Maybe the title of a future video could be: Best Double Triple or Twin Trifecta. In other words, maybe one should be pairing up 2 Trifectas ( Chase and another issuer) vs looking for the best Trifecta?

@MarkReese Жыл бұрын

Could be! Blended card combos can make a lot of sense & offer a ton of value.

@chriseverydailyshow4164 Жыл бұрын

@@MarkReese Just thought...or maybe better yet, a ladder of Trifectas or pairings or even 1 card setups from an issuer that could evolve over time based on their value. First ladder might include cards from the issuers you highlighted here, amongst others. I don't think I've seen such a ladder (have you?) but that would be interesting and useful info. Of course, that would require a lot of work on your end. So, just a thought... 👍🤞

@chriseverydailyshow4164 Жыл бұрын

Sounds like you haven't heard of such a ranking either. Maybe it's a list that only I would find useful and would need to assemble myself. 😢

@kevinManhattan Жыл бұрын

Hence the reason I have Amex Gold and Cash Preferred. It's so crazy how Chase don't have any dedicated grocery and gas card in personal side. Just dumb! Thanks for the video Mark!!

@MarkReese Жыл бұрын

Crazy for sure 🤙 Do you use the BCP first, max out the $6K cap, and then switch to the Gold Card?

@kevinManhattan Жыл бұрын

@@MarkReese Yes in that order. But if i need some MR points then, you just can't beat Gold card for everyday spending. Now I use citi custom cash for gas $500 cap first and then BCP, but BCP used to be my go to gas card. See how I love these two! 😄

@gregb5876 Жыл бұрын

My biggest complaint is the low values for transferring to IHG and Marriott. They should give us 3 points per UR point.

@MarkReese Жыл бұрын

1:1 for those two programs is definitely far from great ✌️

@8ballMarcucilli Жыл бұрын

Great video sir. Food for thought. (Get it chase😂) Seriously I have 4 chase cards. However I believe 2 Amex cards The Gold & Blue Cash Preferred are a simpler setup that covers all bases.

@MarkReese Жыл бұрын

👊💯💳

@gibranespinoza6603 Жыл бұрын

5/24 is the stupidest rule on planet earth. You can have 800+ credit, never miss payments, stay profitable and yet Chase will still deny you just because of this arbitrary rule and other card companies want your business. There is no product in their portfolio that is valuable enough to stop people from looking at alternatives.

@MarkReese Жыл бұрын

✌️

@TheAudioCzar Жыл бұрын

Finally someone calling out Chase. This is why I don't have any Chase cards. I chose the savor one over the freedom unlimited. I've been jealous of Southwest as a transfer partner, but after you pointing out that the points are fixed rate, I feel like I may as well get the altitude reserve, the 1.5% redemption boost would be like Southwest points

@MarkReese Жыл бұрын

C1 SavorOne rocks 💥 US Bank AR does, too.

@TheAudioCzar Жыл бұрын

@@MarkReese for $400 a year, altitude reserve should have unlimited priority pass

@MarkReese Жыл бұрын

@@TheAudioCzar - Agreed, esp. now that the personal Altitude Connect ($95) and Business Altitude Connect (also $95) also offer a Priority Pass membership w/ 4 visits 😬

@TheAudioCzar Жыл бұрын

@@MarkReese and I have the connect. I think the difference is that the reserve 4 passes includes a guest with the visit, where the connect a guest counts as a visit..... I think

@MarkReese Жыл бұрын

@@TheAudioCzar - Hmm that's not how I understand it. However, I haven't gotten full clarity either.

@curmudgeonextraordinaire1884 Жыл бұрын

The lack of permanent gas and grocery categories are a big one to me.

@MarkReese Жыл бұрын

Same here 👍

@Golfexpertbelieveme Жыл бұрын

Southwest and how easy it is to get their companion pass is the best domestic and close international (Mexico, Dominican, Jamaica, etc…) airline there is. The points and deals for flights are awesome. Can fly from almost any semi sized city in the nation and quite a few small ones. Can always use points. Don’t need reward availability. They obviously have some things to fix logistically during holiday season but it is my #1 domestic and close international airline.

@MarkReese Жыл бұрын

Agreed, I use Southwest all the time myself. However, this video was not a bash on Southwest. The focus was on Chase (and note: transferred points from Chase to Southwest do not count towards Companion Pass).

@JohnDoe-vp1bo Жыл бұрын

Great video, problem I see is that unless chase sees it affect their bottom line, they have no pressure to change.

@curmudgeonextraordinaire1884 Жыл бұрын

Same with Amex and their ridiculous card points structure.

@JohnDoe-vp1bo Жыл бұрын

@@curmudgeonextraordinaire1884 true, I don’t mind juggling multiple cards, but it’s not for everyone. While I don’t have one, but citi premier is a good single card option.

@MarkReese Жыл бұрын

Hopefully a Chase insider finds a way for it to affect their bottom line 😬

@kevincc3293 Жыл бұрын

Online grocery works for me..I like to pickup grocery.

@MarkReese Жыл бұрын

Awesome 💯

@mitchell.9632 Жыл бұрын

Did you do that introduction in one shot? Still appreciate your characteristic slides in the video with great narration.

@MarkReese Жыл бұрын

Nah had a few takes 🎬 Glad you like the slide format!

@jimmyjames6492 Жыл бұрын

5/24 blows. IMO - CHASE doesn't really offer any CCs that I feel I have to have - and as you pointed out - other issuers offer better alternatives. No need to garden and wait for a CHASE CC. Thanks for the info + video!!!

@MarkReese Жыл бұрын

5/24 is definitely frustrating, although I totally understand why they have it ✌️

@eduardocaudillo6025 Жыл бұрын

Mark I would love to see you do a review on the US Bank Altitude Reserve

@MarkReese Жыл бұрын

Already did ~ 2 years ago! Here's the link: kzfaq.info/get/bejne/eb2KZ6h7uLSXiGg.html

@ua1514 Жыл бұрын

Love your channel 🔥 Off topic question, is getting approved for a high credit card limit a good thing? I just got approved for a credit card with a $30k credit limit. Would such a high credit limit, limit me from getting approved for subsequent credit cards? Or am I just overthinking it. Thanks.

@MarkReese Жыл бұрын

Getting approved for high limits can actually be advantageous for your credit score (in helping keep your utilization down) and in getting other cards w/ higher limits (it can look favorable to have existing high-limit lines when it comes to acquiring more).

@yurig2530 Жыл бұрын

I think that Citi has the best categories selection, as well as 2x on everything card.

@MarkReese Жыл бұрын

Citi got their rewards categories really _right_ 👍

@stephanieli2669 Жыл бұрын

Given that Chase is a unique transfer partner for United Airlines and Hyatt, easy to get value for those transfer partners without a lot of work, Chase points are more valuable to me than other credit card points.

@MarkReese Жыл бұрын

If you add in Bilt Rewards...then neither United nor Hyatt are unique to Chase ✌️ That said, and unique or not unique, having United + Hyatt as transfer partners are great 💯

@alexalatorre2574 Жыл бұрын

Can’t decide between Chase trifecta, Amex (gold + plat), or Cap one Venture + Savorone.. leaning towards Chase bc I’m 0/24 and they have a 90k in branch offer for the CSP.

@MarkReese Жыл бұрын

Here are links to a couple more videos you may find helpful: 1. Chase Trifecta vs. Amex Trifecta kzfaq.info/get/bejne/nbBdlbmexLCxZqs.html 2. C1VX + C1S1 Setup kzfaq.info/get/bejne/q5x7mKWfm9fYqI0.html

@ovx23 Жыл бұрын

Wait so mark do you have both sapphire cards active or you just carry around the other for videos?

@MarkReese Жыл бұрын

Only the CSP is active. The CSR was downgraded years ago but I just kept it as a prop 👍

@jefuryo Жыл бұрын

I love your videos and your dedication to explain and show good visuals! Question: going to WAS-TYO next year, what’s your recommendation for a first class flight redemption? I have 100K Points with Capital One, Amex, and will get 70K with Alaska.

@MarkReese Жыл бұрын

Thanks Jeff! I don't get involved with planning itineraries for people; too much time / research involved to work 1-on-1 like that. I recommend searching online blogs. Here's a link to 1 great example: upgradedpoints.com/travel/best-ways-to-fly-to-japan-with-points/ Also consider looking into point.me

@jefuryo Жыл бұрын

@@MarkReese thank you!!!

@wichertj3 Жыл бұрын

With these downfalls would you still recommend getting the Chase cards first after getting into points and miles? I got the CSR as my first travel card for the easy travel credit as well as the SW transfer partner. Thank you!

@MarkReese Жыл бұрын

If Chase cards DO provide you with what you want / need, then yes, go for Chase cards first. If Chase cards DO NOT provide you with what you want / need, then there's no need to prioritize Chase cards. Go with the card products from whichever issuer(s) you like.

@aliasany6078 Жыл бұрын

This actually made me want to get a chase card, because of United and Marriott partners

@MarkReese Жыл бұрын

Awesome! 😄👊💳

@JamesTodd1335 Жыл бұрын

How do you get your hair cut/styled daily? I like it and would like some insight!

@MarkReese Жыл бұрын

I just ask for a faux hawk, '1' on the sides, '5' on top, blend in between.

@aflyingmodem Жыл бұрын

this video is more like, "how chase could improve their credit card offerings" even with some of the short comings, some I don't think is a big deal at all, they are still some of the best cards on the market, like you concluded in your video.

@MarkReese Жыл бұрын

For sure 👊

@jakemoreh6144 Жыл бұрын

New to all of this, but I’d you shop at Whole Foods, can’t you use the prime card and get 5% back that way? Is the only issue that it isn’t transferable to points?

@MarkReese Жыл бұрын

Yes, you can use the Amazon Prime Rewards Visa to get 5% at Whole Foods. No issue there.

@itsagreatday9765 Жыл бұрын

Unpopular opinion but in my setup the Citi Premier > CSP due to the better earning categories. Best solution to tell the wife to "just charge everything on this one card"

@MarkReese Жыл бұрын

Citi Premier rocks in terms of earning travel rewards quickly ✈️

@antonh1709 Жыл бұрын

I don't see why gas has to be a problem. You can always get a separate "sock drawer" card for gas and use it with gas station apps (Shell, Exxon). I use Amex Business Gold for that - just put the card info into the app and use the app to unlock the pump. That will yield you 4x Amex points per USD. Since Amex Business Gold allows 2 categories - the second one is electronics (Apple, Newegg, Dell) for me.

@MarkReese Жыл бұрын

It doesn't 'have to' be a problem, but it's not ideal for people who don't want to manage multiple card accounts, esp. across different issuers.

@johnwick860 3 ай бұрын

I like Chase for SUB, Hyatt, IHG and global dining 3x for CSP... else Capital One Savor One, Bilt, Citi Custom Cash are for everyday spend

@MarkReese 3 ай бұрын

💯👍

@theinternationalist1357 Жыл бұрын

Great video on the topic. I have zero chase cards and probably will never get it. For cash back I stick with credit unions and for points/miles staying with capital one ecosystem and for both is US Bank.

@VincentPascual Жыл бұрын

Capital One has stepped up in a huge way with building out its travel/credit card ecosystem. Having the SavorOne is great for optionality. You can redeem for cash back or transfer to Venture miles.

@theinternationalist1357 Жыл бұрын

@Vincent Pascual indeed. Two more months before heading to the summer trip to Japan, savorone will be in my wallet for all dining in JP 🙂

@MarkReese Жыл бұрын

CUs + C1 = great cash back setup! 💵

@theinternationalist1357 Жыл бұрын

@Mark Reese // Credit & Finance true. Mark somehow us bank reserves card doesn't get much loved. I think it's a great card with $325 statements credit, highest of all cards and 3X basically on all purchases. If you add the Go and/or Shopping card, it's pretty powerful setup.

@MarkReese Жыл бұрын

@@theinternationalist1357 - Absolutely 🏆 It just needs a better Priority Pass membership, esp. now that the personal Altitude Connect ($95) and Business Altitude Connect ($95) offer the same Priority Pass membership of 4 visits.

@Cause023 Жыл бұрын

What are your thoughts on Chase trifecta vs. C1 Bifecta? I want a C1, but so many sources say to prioritize Chase.

@MarkReese Жыл бұрын

That'll require a separate comparison video ✌️ In the meantime, the answer will vary from 1 person to another. Go with the one that gives you the most of what you want.

@jt2428 Жыл бұрын

Do you use the Amex Blue Cash for groceries 6x back?

@MarkReese Жыл бұрын

No I don't have the BCP 🤙

@ahraranwar3227 Жыл бұрын

Isn't this a good thing for customers? I can go for chase cards knowing I can also go for other issuers that have the same partners and pool my points through their bonuses as well?

@MarkReese Жыл бұрын

Absolutely. Common transfer partners across different card systems is a great way to indirectly combine points ✈️ It's just not a good thing for Chase when consumers shop around at their competitors 😁

@antonh1709 Жыл бұрын

@MarkReese Жыл бұрын

Awesome! ✈

@cccccccc98428 Жыл бұрын

Between SUB and other benefits from other cards, I’ll never be under my 5/24 (anytime soon anyway). I don’t see any benefit to waiting and missing out on them for chase cards. I have 23 cards and my husband has 17. Both have more plans to acquire some later this year after getting new ones early this year. Zero are chase.

@MarkReese Жыл бұрын

Plenty of value to be had with other issues! Impressive card portfolios 💯

@chrisbrown8748 Жыл бұрын

Chase definitely have some good cards, but they are lacking in some key categories as you highlighted in this video.

@MarkReese Жыл бұрын

Indeed 🤙

@anthonygardner400 Жыл бұрын

It’s true that Chase doesn’t offer the best in every category. It’s also true that no one else does either. Although we’d all like Chase to offer more, from a business perspective, why would they? They already have the most coveted card setup available. If anyone ever legitimately threatens Chase’s #1 spot in the world of credit cards, then maybe they will consider adding more benefits.

@MarkReese Жыл бұрын

I'd say they should if they want people to run all of their spend through them. Otherwise, we'll keep shopping at their competitors 😁

@anthonygardner400 Жыл бұрын

@@MarkReese I guess it depends on what it would cost them to do so. My guess is they’ve done that math.

@djpuplex Жыл бұрын

Chase offers have been pretty weak lately. Gas station and office Depot and the choice of dining has been weak as well.

@MarkReese Жыл бұрын

And they usually have really low caps (e.g. "up to $5")

@BronxBombers_726 Жыл бұрын

Have you heard that Chase may have a new card coming? Maybe an upgraded Unlimited?

@MarkReese Жыл бұрын

Are you referring to the Chase Freedom Rise? If so, then yes. I referenced it in my 2023 rumor video starting at 15 min 23 sec. Here's the link: kzfaq.info/get/bejne/gcWVmLt-p73TnZ8.html

@yurig2530 Жыл бұрын

Also Chase doesn't have 2x on everything card, like Citi, Cap1 and Amex.

@MarkReese Жыл бұрын

They sure don't 😬

@dex4308 Жыл бұрын

I travel maybe once or twice a year, eat out a lot and need a dedicated card for gas. I would love a card set up that would meet those needs but also allow me to earn points to transfer for flights and hotels ? Any suggestions ? Chase does not seem as great after your break down. My credit is pretty good and I don’t mind annual fees as long as the perks are with it. I don’t really have a dedicated credit card set up at the moment. Thanks.

@MarkReese Жыл бұрын

Check out the Citi Premier Card 👍 It would give you great earning rates in the categories you spend in (incl. gas) while also giving access to transfer partners for travel.

@dex4308 Жыл бұрын

@@MarkReese thank you 🙂.

@cjhan47 Жыл бұрын

Mark. This is America, nobody cares what's objectively true, just what they already believe. Awesome video so much info.

@MarkReese Жыл бұрын

I create my own reality 👊

@LK_EBM Жыл бұрын

Chase is for Hyatt, and nothing else. If they lose this partnership or if Hyatt continues to get more devalued, then Chase will be nothing more than cash back or just for its travel portal (which I avoid)

@MarkReese Жыл бұрын

I don't see it that way, but we've all got our perspectives ✌️

@trave7644 Жыл бұрын

I cannot imagine applying for Capital one, which, from what I have read,, has hard-to-use airline credits, which are not even posting on time, and a bad travel portal and equally bad customer service, etc. or American express, which is an overrated coupon book company; and Citi's worth still remains to be seen with the impeding release of the strata cards. I think Chase points are still more worth than any of them right now.

@MarkReese Жыл бұрын

People's experiences may vary. I've used Capital One's customer service 2-3 times via phone and had great experiences. Also redeemed the $300 travel credit for flights; reimbursement came through quickly & effortlessly.

@trave7644 Жыл бұрын

@@MarkReese That I think it itself is the problem. There should be a standard. One can find many complaints about credits taking so long to post, and top all the problems off, there are numerous grievances about the card not being able used for weeks, when they are in a foreign country; even in the US, sometimes, one is locked out for "security reasons," which has taken weeks to sort out. Some of the reviews are on Capital One site itself. How can credit card company operate like this? Read some of the reviews on their site.

@poppy87 Жыл бұрын

The freedom flex and freedom unlimted should merge into one card

@MarkReese Жыл бұрын

Yep. Way too similar.

@berryzedzero Жыл бұрын

If (and that’s a BIG IF), I was considering a return to the game….one last hurrah before i truly settle into old age….MAYBE i MIGHT consider a chase card. But I’m still out of the game.

@MarkReese Жыл бұрын

Haha keep us posted!

@bravoninetyseven Жыл бұрын

Chase does have three US airlines on it's partner list. The others have two or none.

@RickyBobbyGetEm Жыл бұрын

US airline transfer partners don't have very good value when transferring to them for the most part if you plan to fly domestically (with exceptions like Southwest who don't have any partners). You are better off booking domestic airlines using partner points (British for AA flights, Virgin for Delta flights, etc)

@MarkReese Жыл бұрын

True. However, it's not necessary to have U.S. airline transfer partners to fly domestically ✈️

@bravoninetyseven Жыл бұрын

@@RickyBobbyGetEm Very true but if someone wants something simple, that's the way to do it.

@VincentPascual Жыл бұрын

@@RickyBobbyGetEm In my experience, United miles have given me great value. I’ve also used them to book Air Canada and Turkish Airlines flights. It was actually cheaper for me to use United miles than Aeroplan or Miles and Smiles, respectively.

@Stan_sprinkle Жыл бұрын

Groceries and gas are what I’m missing. What’s the go to for those?

@MarkReese Жыл бұрын

Several options include: - Citi Custom Cash (cash back or travel) - Citi Premier (cash back or travel) - PNC Cash Back Rewards (cash back) - Capital One SavorOne (cash back - or travel when combined with a Venture-branded card) - Amex Blue Cash Everyday (cash back) - Amex Blue Cash Preferred (cash back) - Amex Gold Card (travel - groceries) - Wyndham Rewards Earner Business (travel, great gas card)

@Stan_sprinkle Жыл бұрын

@@MarkReese Thank you, Mark.

@ow5966 Жыл бұрын

Lacking gas and grocery

@MarkReese Жыл бұрын

Yep 👍

@kengor2541 Жыл бұрын

Hyatt program is the only reason that I stay with Chase.

@MarkReese Жыл бұрын

💯👍

@Kunnigupta Жыл бұрын

Airindia airlines comes under which transfer partner?

@RickyBobbyGetEm Жыл бұрын

You can't transfer directly to them but they're part of the Star Alliance, so you can potentially book flights on that airline through their partners like Air Canada, Avianca, or United

@MarkReese Жыл бұрын

None. When flying to India, it's probably best to use Air Canada Aeroplan, United MileagePlus, Avianca LifeMiles, or other Star Alliance partners.

@willardSpirit Жыл бұрын

Cap One Venture/X and Savor/One Duo is better than Chase trifecta

@MarkReese Жыл бұрын

Depends on the person & what they value ✌

@doublesidedtape1000 Жыл бұрын

Chase has all those rules, but you can still churn inks.

@MarkReese Жыл бұрын

Indeed 😎👊

@pinkyandnick Жыл бұрын

Point devaluation due to people willing to pay outrages prices is the biggest problem

@MarkReese Жыл бұрын

Point devaluations are a big deal in this game. Fortunately, bank-issued points usually see devals less often (and with less severity) than hotel points & airline miles 👍

@jonathans.6259 Жыл бұрын

I wish Chase would get Hilton and Delta as transfer partners.

@MarkReese Жыл бұрын

😬

@riosafado Жыл бұрын

Jamie Dimon should hire you immediately 😊

@MarkReese Жыл бұрын

😁👊

@BrownCoatFan Жыл бұрын

After watching this, I don't know why I would get the Chase credit cards.

@MarkReese Жыл бұрын

Perhaps for the 5 reasons mentioned in this other video 😁👍 kzfaq.info/get/bejne/idqHY7eUqti2nY0.html

@zionismisterrorism8716 Жыл бұрын

Chase is over-hyped.

@MarkReese Жыл бұрын

✌️

@CreditOneSux Жыл бұрын

It's crazy to think that the DISNEY CARD gets a gas and grocery multiplier! DIS-NEY... 😭💀

@MarkReese Жыл бұрын

😆👍

@kevinManhattan Жыл бұрын

wait what now??? 😄

@CreasyEQ Жыл бұрын

Think I just lost my urge for credit 💳 cards from chase 😢

@MarkReese Жыл бұрын

😬

@chrispaulus4491 Жыл бұрын

Apparently quantity equals quality. Only made it five minutes into this video

@MarkReese Жыл бұрын

👍

@outtagoodnamesdangit Жыл бұрын

The online grocery option and Southwest partnership actually work out great for me. I order pickup from the HEB a few blocks away and fly Southwest quite frequently. But if they added gas to the mix, it would be a runaway game. It's those little gaps that irritate me and make me want to look elsewhere. You're a huge banking institution, Chase! You can do better!

@MarkReese Жыл бұрын

Glad to hear online grocery + Southwest provide you with strong value! 💯

@newbeginnings9457 Жыл бұрын

Don’t go Chase-ing Waterfalls! 😂 Not sure why all the hype with this bank! I have no need for any of there products! Amex all day

@MarkReese Жыл бұрын

😁

@stanleybeaubrun9069 Жыл бұрын

problem 6 hard pull for a CLI what a joke

@MarkReese Жыл бұрын

Chase added 6 inquiries to your credit report for 1 credit-limit increase?!

@headlibrarian1996 4 ай бұрын

@@MarkReese I think he meant problem #6.

@MarkReese 4 ай бұрын

Chase seems to have eliminated hard pulls for CLIs now. See this post: www.doctorofcredit.com/chase-allowing-credit-limit-increases-via-app-without-hard-credit-pull/