Travel Cards

[nick]

With the Chase Sapphire Reserve card bumping its yearly fee and changing the point reward multipliers, is it still the card to use?

My yearly renewal fee is coming up soon and debating keeping it or not

[wrestlingguy]

1 minute ago, nick said:

With the Chase Sapphire Reserve card bumping its yearly fee and changing the point reward multipliers, is it still the card to use?

My yearly renewal fee is coming up soon and debating keeping it or not

I follow a guy called "the points guy". He has a lot of recommendations and hacks to boost your point totals. I can't really stomach the large annual fees on most of the travel cards but some are fairly reasonable and the benefits are worth it. 

[Jason Bryant]

Delta Reserve Card here. Just started using it a few months ago. The large fee did suck, but I looked at how much I'm in airports and what I'd be spending on food and basic stuff that i'd be grabbing near a gate and it checked out. Mainly got it for the lounge access given how much I travel. Kinda pays for itself in that regard. 

 

[Doublehalf]

I'm in the same boat with Amex platinum... I can get some of that annual fee back through travel perks and credits that aren't insignificant but I don't feel like I'm getting the most bang for my buck when it comes to daily purchases 

[red viking]

I prefer to just keep getting new cards w rewards bonuses (eg, $250 if u spend X in Y months). Get the bonus, spend it, then cancel the card. Hurts credit rating a tiny bit but I don't care because I don't borrow $ anyway. I end up with >> $1k in bonus rewards per yr. A lot of the Cc companies won't give me new cards anymore but there are still plenty of suckers out there. It's also tax free if u use it as statement credit. 

Edited 6 hours ago by red viking

[ionel]

Odd ... I figured rv used the Ruble Gold Card as it avoids the US dollar devaluation.  

[mspart]

1 hour ago, red viking said:

I prefer to just keep getting new cards w rewards bonuses (eg, $250 if u spend X in Y months). Get the bonus, spend it, then cancel the card. Hurts credit rating a tiny bit but I don't care because I don't borrow $ anyway. I end up with >> $1k in bonus rewards per yr. A lot of the Cc companies won't give me new cards anymore but there are still plenty of suckers out there. It's also tax free if u use it as statement credit. 

So you are actively finding methods to avoid paying taxes?   What happened to we don't pay enough taxes?   Reducing taxes is good for thee but not for he/she.    I get it.    It's called hypocrisy. 

mspart

[red viking]

Just now, mspart said:

So you are actively finding methods to avoid paying taxes?   What happened to we don't pay enough taxes?   Reducing taxes is good for thee but not for he/she.    I get it.    It's called hypocrisy. 

mspart

Credit card rewards in form of statement credit aren't taxable for anybody. 0 people in this country pay taxes on those. Just works out that way. 

[mspart]

So everyone should use this trick to keep taxes low?  It is RV approved to avoid paying taxes that they otherwise would pay?   It's like getting free money?   I thought you were against all this with all your calls to soak the rich and raising taxes on everyone and all.   

mspart

[red viking]

14 minutes ago, mspart said:

So everyone should use this trick to keep taxes low?  It is RV approved to avoid paying taxes that they otherwise would pay?   It's like getting free money?   I thought you were against all this with all your calls to soak the rich and raising taxes on everyone and all.   

mspart

Everybody should pay what they are required to pay. That being said, we should raise taxes for most people. Both the rich AND middle class. But telling people to pay extra taxes on their own simply because they are democrats is a ridiculous argument but par for course for wingers. 

[Offthemat]

9 minutes ago, red viking said:

Everybody should pay what they are required to pay. That being said, we should raise taxes for most people. Both the rich AND middle class. But telling people to pay extra taxes on their own simply because they are democrats is a ridiculous argument but par for course for wingers. 

Still fighting that hypocrisy, I see.

[JimmySpeaks]

10 minutes ago, red viking said:

Everybody should pay what they are required to pay. That being said, we should raise taxes for most people. Both the rich AND middle class. But telling people to pay extra taxes on their own simply because they are democrats is a ridiculous argument but par for course for wingers. 

More wokester talk with no action.  Step up or shut up 

[red viking]

1 minute ago, Offthemat said:

Still fighting that hypocrisy, I see.

Actually, mspart is right. ONLY conservatives should take advantage of tax loopholes, exemptions and credits. Liberals should all voluntarily pay extra taxes. 

[Danny Deck]

4 hours ago, nick said:

With the Chase Sapphire Reserve card bumping its yearly fee and changing the point reward multipliers, is it still the card to use?

My yearly renewal fee is coming up soon and debating keeping it or not

What features of the CSR do you use? If you aren't using the lounge perk at all, a downgrade to the Sapphire Preferred might be in order. You keep the really good travel insurance perks (primary car rental insurance, etc) and ability to transfer to partners for a much more reasonable annual fee. 

The easiest premium travel card to get your annual fee back on, or justify to yourself anyway, is the Capital One Venture X which has a $395 annual fee offset by a $300 credit for travel booked through their portal and a 10,000 point anniversary bonus. Transfer partners domestically are not nearly as good as Chase though. 

If you live next to a hub for an airline, you might consider the premium card offering for that airline. 

Oh and last, my BIL gets in just under the line on the annual fee increase for the CSR. If you do as well, you can check out which of the new coupons you can actually use and decide for sure next year. 

[wrestlingguy]

Anyone else seeing the Chase Sapphire Reserve ad on their screen now?