That’s about 22% of the required spending. With the Sapphire Reserve, you earn 60,000 points after spending $4,000 on purchases in the first 3 months, worth $900 when redeemed for travel through Chase Ultimate Rewards. That’s 40% of the required spending back in your pocket. With the Freedom Flex, you earn $200 after spending $500 on purchases in the first 3 months. ![]() To compare two very different welcome bonuses, we considered the relative return on investment of each. As long as you always pay off your balance to avoid interest charges, the returns you earn are all “profit.” Welcome bonuses That’s why we tend to favor no-annual-fee rewards credit cards - there’s very little risk involved. With credit cards, lots of things could change - from your income to your spending habits - that would impact the expected return from your rewards. The issue is that the return is never guaranteed. You’re putting in money with the expectation of a greater return in the future. Comparing annual feesĪn annual fee is an investment. That’s why we think it’s the better option for the broadest segment of people.īut if you spend a lot on travel and dining over the course of the year, the Sapphire Reserve will offer a better overall return, and includes some extra perks. ![]() However, the value of those rewards are very different, given the Sapphire Reserve’s redemption bonus when using the Chase Ultimate Rewards travel portal.Īt the end of the day, the Chase Freedom Flex does a good, affordable impression of the more premium Sapphire Reserve, offering similar rewards without the sting of a high annual fee. The reward structures are oddly alike, and both target travel and dining purchases. The Chase Sapphire Reserve® and the Chase Freedom Flex℠* might seem wildly different given their annual fees - $550 and $0 respectively - but on closer look they seem surprisingly similar.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |