Everyone keeps talking about Chase Sapphire Preferred and Freedom

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
MemberSince99
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Postby MemberSince99 » Tue Nov 12, 2013 4:41 pm

I have to admire the fact you did the math and figured that out. That's more work than most would go to, including me.

Honestly the difference is negligable though don't you agree? I am kind of an odd duck in that I don't worry about which gives me what I use the ones I care about maintaining a strong relationship with, which is why I've shifted my spend off the CSP and Amex revolvers. In fact they are literally on top of my sock drawer. I do have a small recurring charge on the CSP but it's a waste to use a card like that in that way but I'm going to work on the Duck Card and keeping Associated in good shape, I can't really further better my situation with the other two so no point in worrying about them is how I see it.


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djrez4
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Postby djrez4 » Tue Nov 12, 2013 5:09 pm

The math gets better with smaller transactions, for example, on a $1 purchase with Freedom, you get $1 x 1.1 +10 UR points = 21 UR points. That's a pretty damn good rate of return. Under a dollar it gets even better. There were some folks on FT who figured out how to do a stupid amount of one penny charges and they were getting 11 UR points back for each one. I'm informed that those folks are the reason the 10 points per transaction bonus was eliminated.

The point is, you do the math once and develop habits around it. It becomes second nature to pull out the right card.

Anything under $10 goes on Freedom. [size=60](until they ungrandfather me; then it'll be for 5x only and Arrival will take its place.)[/size]
Restaurants and Travel over $10 go on CSP.
Gas goes on Ink unless Freedom is 5x
Utilities go on Ink (automatically)
Non-bonused spend over $10 goes on SPG unless they don't accept Amex in which case it will go on Arrival.

It's only five cards.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

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Z06Biker
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Postby Z06Biker » Tue Nov 12, 2013 7:10 pm

My spouse has a little cheat sheet in the wallet to keep track of what goes on what card because what's second-nature to me (and the rest of us) isn't necessarily to everyone else!
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

RewardHop
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Postby RewardHop » Tue Nov 12, 2013 8:50 pm

MemberSince99 wrote:I thought they eliminated that for new customers and it's only currenlty grandfathered and was being phased out?


Its been eliminated for everyone. Existing cardholders already got letters saying it was being phased out for them as well.

Its now just a 10% annual bonus.
[size=60]
Amex BCE: 3% grocery, 2% gas
Bank of America Better Balance Rewards MC: $25/quarter bonus
Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities
Capital One Quicksilver Visa Signature: 1.5% everything
Chase Freedom Visa Signature: 5% rotating
Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com
Discover It: 5% rotating
SallieMae MC: 5% Groceries, Gas, Amazon
US Bank Cash+ Visa Signature: 5% electronic stores, restaurants
Sock Drawered: Chase Sapphire, Chase Amazon[/size]

wiivile
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Postby wiivile » Tue Nov 12, 2013 8:55 pm

RewardHop wrote:Its been eliminated for everyone. Existing cardholders already got letters saying it was being phased out for them as well.

Its now just a 10% annual bonus.


Yeah not really a huge fan of the Freedom anymore unless it's a category I care about (pretty much just restaurants for me), otherwise it's just a boring 1.1% card.

Still (barely) better than CSP's 1.07, though. I may just sock-drawer the Freedom unless it's restaurant quarter.
    Chase Sapphire Preferred Visa Signature: 11/2013, $15,000 CL
    Chase Freedom Visa: 11/2009, $4,700 CL
    U.S. Bank Cash+ Visa Signature: 11/2013, $11,200 CL

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djrez4
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Postby djrez4 » Tue Nov 12, 2013 9:21 pm

RewardHop wrote:Its been eliminated for everyone. Existing cardholders already got letters saying it was being phased out for them as well.


I have not yet received the letter. Don't tell Chase!
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

RewardHop
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Postby RewardHop » Tue Nov 12, 2013 10:08 pm

djrez4 wrote:I have not yet received the letter. Don't tell Chase!


Are you sure they haven't taken it away from your account?
[size=60]

Amex BCE: 3% grocery, 2% gas

Bank of America Better Balance Rewards MC: $25/quarter bonus

Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities

Capital One Quicksilver Visa Signature: 1.5% everything

Chase Freedom Visa Signature: 5% rotating

Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com

Discover It: 5% rotating

SallieMae MC: 5% Groceries, Gas, Amazon

US Bank Cash+ Visa Signature: 5% electronic stores, restaurants

Sock Drawered: Chase Sapphire, Chase Amazon[/size]

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djrez4
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Postby djrez4 » Tue Nov 12, 2013 10:39 pm

My rewards breakdowns still include a section for both the 10% and the 10 points per transaction, so yes.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

RewardHop
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Postby RewardHop » Wed Nov 13, 2013 12:07 am

djrez4 wrote:My rewards breakdowns still include a section for both the 10% and the 10 points per transaction, so yes.


Damn, you are lucky buddy! I heard about people getting the letter around beginning of the year and I didn't get mine til around August/Sept.

Image
[size=60]

Amex BCE: 3% grocery, 2% gas

Bank of America Better Balance Rewards MC: $25/quarter bonus

Barclaycard Rewards Visa Signature: 2% gas, groceries, utilities

Capital One Quicksilver Visa Signature: 1.5% everything

Chase Freedom Visa Signature: 5% rotating

Citi Forward Visa: 5% restaurants/fastfood, movie theaters, amazon.com

Discover It: 5% rotating

SallieMae MC: 5% Groceries, Gas, Amazon

US Bank Cash+ Visa Signature: 5% electronic stores, restaurants

Sock Drawered: Chase Sapphire, Chase Amazon[/size]

m20e3087
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Postby m20e3087 » Sun Nov 17, 2013 2:24 pm

It's a great reward card, if you do lots of traveling and dining out.
American Express: Blue Cash Everyday & Platinum

Visa Signature: BankAmericard Travel Rewards, Chase Freedom Unlimited, & Chase Sapphire

Visa Infinite: Chase Sapphire Reserve



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