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Combination of credit cards

114 18 October 23, 2017 at 11:05 PM

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I currently have the fidelity visa which gives unlimited 2% flat cashback. I make about 850$ annually currently in cashback. Having said that, I was doing some research and came across these cards and was wondering if it's worth getting these ( I have close to 800 credit score)

- Chase Sapphire reserve : Dining and travel has 3x point rewards. So, for 100$ spent on dining = 300 points in rewards. When redeemed with Chase Ultimate Rewards, that is 1.5 cent per point,
1.5 cent per point * 300 points = 450 cents = 4.5$. For 100$, that's 4.5% in return.

- Chase companion pass (for CA residents) : Chase has an offer where they are offering Companion pass till Dec 2018 if you get their credit card. I intend to accumulate points through Chase Reserve and use them to purchase SW ticket. I should be able to get the companion pass there - which is a big win win.

- Chase Freedom or Unlimited - gives 1.5% points on regular purchases. If I convert them to CSReserve points, I can redeem them for 1.5 cents per points aka 2.25% return.

These combinations feel they are better than my current credit card which only gives me flat 2% cashback. So, Im wondering if I aam missing something in this ? Does this combination make sense ?

Another Question:
- I believe the 1.5 cent payout is dependent on Chase Ultimate Rewards. So the question becomes, are the price fairs comparable to what youd get otherwise or is it expensive and are the points worth anything then ?



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It might make sense depending on what categories you spend money in.

The CSR and Chase Freedom are a good combo, especially when you consider the sign-up bonuses that are sometimes available (I'm not sure what's available right now). The Chase Freedom also has rotating 5% categories (7.5% when converted to the Reserve and redeemed for travel). I wouldn't use the Chase cards unless it's for spending in their bonus categories.
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What your missing is the $450 annual fee on the CSR. Obv it has other benefits like the $300 annual travel credit, so you'd have to evaluate how that affects the return.

Really it depends on how much you spend on travel and dining if it's worth it.

Also, it sounds like your are accumulating cashback at the moment and you are going to start using travel points instead. This may have some affect on household budget (travelling is expensive even when you are using points for air and hotels).
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