Some Financial Windfalls Are All About the Timing – and Luck: A Handful of California Gold Nuggets in 1848. A Soho Loft in 1984. Bitcoin in 2013. A Home Mortgage Rate in 2020.
I’ve Made Peace with Missing Out on Some of Life’s Chances to Accidentally Inflate My Financial Standing in the World. But the one that has hass always made me with slightly sick to my stomach is missing out on the late 2016 Chase Sapphire Credit Card Points Bonanza.
Now, My Painful Case of Fomo Has Been Cured.
Last Week, Chase Said It Was Revamping the Sapphire Reserve – and upping Its Annual Fee to $ 795, from the Current $ 550. And It ‘Making A Bunch of Changes to Its Rewards Structure, Which Some People Are Downright Furious About. They Say they’ll Cancel. (Chase Says Its Card Will Become more Valuable, with “Over $ 2,700 in Annual Value.”)
Well, as a world-class hater, sore loser, and jealous snake, i can be more thrilled.
Well the new year Fee and Rewards were announced Last Week, i watched in absolute glee as friends of mine and strangers on the Internet lamenta and wailed at the card that has been worn with rewards wondt. soma People).
Break Chase Sapphire Reserve Card Had Attained A Millennial Mythos akin only to avocado toast and entitled attitudes. It cameing the Peak of the Zirp and “Millennial Lifestyle Subsidy” Eras: Ubers Were Cheap, and the Credit Card Points Flowed Like the Fat Jewish’s Personal Rosé Brand. The card – especally if you signed up in the early days – gave you a massive bonus points that it is used for travel or other perks.
IT SEEMED ALOST IMPOSSIBLE NOT TO HAVE THE CREDIT CARD MAKE you Money (of Course, assuming you paid off your balances and wissed the points).
The New Benitfs – and Costs – Attailed to the Chase Sapphire Reserve Sparked A Firestorm. I finally can let go of my fomo for not Having One.
Businesswire via ap
I Never Had the Chase Sapphire Reserve; When IT LAUNCHED, My Friends Were Excited and Extolling Virtue, But I Thought I Needed Another Credit Card and Was Intimedated by The Points Gaming. At some point, realized of HAD Missed the Boat. I didn’t get in while the getting was good.
Now, i’ve been Reading The R/SAPPHIREREREVE Subreddit with glee, seeing some of the forms evangelists of the card defective by its new fee. The Main Post About the News: “Welp. It”s Bad and Official.”
I Should Note Here’s The Card May Indeed Still Be A Good Deal for Some People – Matters How Much You Spend, and What Kind of Rewards/Perks You’re Most Interesting in.
The Perks, Howver, Are Not Exactly What Everyone Wants, Like Apple TV+ OR Apple Music Subscripts (Appealing for a Spotify use). There are Are Credit for Certain Hotels from Chase’s Selection of Hand-Picked Hotels (Which May Not Be the Want). If you spend $ 75,000 a year on the card, you will get status on Southwest Airlines.
But neither one Redditor Said: “Who is spending $ 75K per year on this card that Also wants status on southwest airlines?”
As for Chase, it touts 8x points on all chase travel purchas, which is up from 5x on flutes, but slightly down from 10x on hotels and Car Rentals. IT ALSO TOUTS 4X POINTS ON FLIGHTS AND HOTELS PURCHASED Directly with the Airline or Hotel, up from 3x.
The points system for the card is somewhat complicated (part of why i have always avoided a points-baed card), and People’s Individual Situations Vary a lot About This Card is Better or Worth it. For some people, the higher yearly fee will net out with all the new rewards; for oters, they’re think of downgrading to a cheer version or Canceling Altogether.
I wish all of the chase sapphire reserve cardarders the best journey to the path that works best for say. Me, i’m Just Feeling a Huge Burden Lifted off My Shoulders. Ahhhh….
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