Comments by "Jake Broe" (@JakeBroe) on "The PROBLEM with the Chase Sapphire Preferred" video.

  1. Yeah... i thought to make a video talking about Brian Jung's recent "I have 1 million points" video and be like... doesn't take a genius to earn a lot of points when your business is paying you to spend hundreds of thousands on ads. For the average person, credit cards can save you between 2% and 10% on spend. On 20K spend in a year, that is at best $2,000. You won't exactly be living a life of luxury and excess with about $2,000 worth of travel points. It's still fun and worth it, but it is also over-hyped by some instagram youtubers.
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  2. Yep, I am the same way. But I wanted to analyze just a comparison between the two. A lot of people don't have any AmEx cards and are new to the points game. Chase usually comes first anyways.
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  3. Yep, I didn't factor in dining or TSA precheck because I wanted to demonstrate how even under the most pessimistic circumstances, you still come out way ahead holding the CSR over the CSP,
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  4. Correct! But i know that 99% of people are not in the military. I try and make videos useful for everyone.
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  5. I actually also like and prefer Lyft and use it when I travel. I'll get value from it as well.
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  6. Reply
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  7. Yep, I agree! If you value the CSP for its static abilities when purchasing flights or renting cars, then it is worth the $95 to you. But the card should not be used for buying anything else because it's point redeeming potential just slowly loses you value when you factor in the opportunity costs of using other card setups for dining and travel.
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  8. Thanks for your support Joe! At the moment I am getting about 50 comments a day. I feel like that is still a manageable amount to respond to. But eventually if I start getting hundreds a day, I won't be able to reply to them all. That's a quality problem to some day have I suppose. I think a lot of other YouTubers who do this full-time want to sell all credit card use as a glamorous lifestyle because they want to support the industry that supports them. I feel like from them that they sell the idea some people have that collecting cards is like collecting new armor and weapons in some kind of real world video game. The more you have, the more powerful you will become. For me, this is a fun and interesting hobby. Feels a lot like deck building and playing Magic the Gathering honestly. But people REALLY need to run the numbers on their spend and have more realistic expectations of what is possible. Cheers!
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  9. I will look in to it!
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  10. Hey Lahian, I would recommend the CSP since I like Chase's travel portal much better.
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  11. The Freedom card is excellent. I wish I had a second freedom card!
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  12. They are not charge cards. You can carry over a balance. But I discourage you from doing this.
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  13. Haha, I have other people saying I should be comparing a larger (family) budget.
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  14. It's a solid card!
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  15. Chase Business cards don't count against your 5/24. You really should just get all three of them before getting the CSR.
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  16. Nice! For sure, the more your travel and fly, the more these "travel" credit cards make sense. But I think there are a lot of people who get these cards because they WANT to travel, and they realistically don't unless they are using the points they earn.
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  17.  @eowendyl  , most of the card youtubers use the website creditcards.com to earn commissions on referrals. Their short links are everywhere. There is no cap on referral commissions for partnering with that website.
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  18. Thanks so much Istaria! Yeah, I try to be pessimistic with my calculations just because so many other YouTubers just default give everything 100% of their value. When someone includes referral links... i imagine its hard for them to make a video that then concludes them not to sign up for the card.
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  19. I don't have either Freedom card. I am locked out of Chase for a while, lol
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  20. Me, too, personally. I meant for this video to be a comparison just between these two for people who were dead set on get one of them.
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  21. Thanks Jackson! I agree, the BBP's 2x on everything for no annual fee crushes the CSP.
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  22. If you don't travel, I don't recommend either of these cards. The 1.5 portal boost for the reserve is great, but you have to book flights and hotels (that you were going to take anyways) with Chase for the Reserve to make sense. Otherwise the $550 annual fee loses you money. You are better off just getting no annual fee cards with good earning rates!
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  23. I have a pay as you go month to month phone contract with Verizon. I can pay as much as I like in advance with a credit card for no charge. Pre-paying car insurance is another good option.
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  24. Yep, it works for anything and everything related to travel. Not like AmEx's incidental fee at all.
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  25. Sweet! Keep posting!
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  26. Yes, you still earn points on the spend required to hit the SUB.
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  27. If you value the DashPass Subscription, you can definitely factor that in! The SUB is incredible regardless and justified getting the card, it's up to you how long term you want to hold and use it.
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  28. Thanks Devon! Welcome to the channel!
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  29. Haha, #TeamChamEx
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  30. Haha, maybe they are even worse...
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  31. Hey Devon! I do follow Sebby,'s channel but I am just being myself. I think he and I are just both very nerdy, analytical types and it's a coincidence that how we prefer to start are videos is similar. Eventually I need to incorporate a more exciting intro, haha. Cheers!
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  32. Yep, pretty much!
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  33. All good points, I agree. I still tell all my family and friends to just stick to the best no annual fee cash back cards... if people want to chase these luxury cards for sign up bonuses and the close or downgrade them in a year, that's fine, but then they are credit card churners. I try to focus on videos to improve optimization on spend.
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  34. Nope, no impact on score!
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  35. Yes and no. Any points you transfer to the preferred COULD have gone to a reserve and would have been worth 25% more. Adding more points doesn't help the preferred. The gap widens.
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  36. No, sign up bonuses are only the first year when you sign up.
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  37. Yes and no. Depends on the airline. It's always a good idea to compare a couple different websites before making a booking.
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  38. You are very welcome, Patandar! Thanks for the comment and support!
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  39. Yes, they do.
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  40. Yep, exactly. 2x back is just so meager.
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  41. Yeah, the 3x multiplier is 50% more than the 2x for dining and travel. If you intend to travel more in the future, you might want to consider upgrading to the Reserve after a year, or start looking at other cards.
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  42. I did the math on a scratch piece of paper and there honestly is not. The $95 annual fee hinders it too much when it goes up against a 3x no annual fee cash back card like the Wells Fargo Propel. People still might want to use the CSP because it is a Visa and has travel protections, but the annual fee and the low 2x multipliers makes this card a net loss for users against either no annual fee cards or the CSR.
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  43. Cheers!
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  44. For sure, everyone' situation is different! Those three cards are also all good options when you are ready to upscale.
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  45. Solid plan!
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  46. Thanks TJS! I'm am also going to call it now, the annual fee for the CSP will get increased by the end of the year. $150 sounds about right but it could go higher. The game plan of course is adding credits that look like they offset and then most ordinary people blow them off.
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  47. I made a ChamEx Quadecta video you should check out. https://youtu.be/Ekf23yGHWyg If you have difficulty spending $300 a year in travel, then maybe having high annual fee credit cards is not in your best interest.
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  48. The protections are very nice!
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  49. Thanks Louise! Yeah, I have the AmEx platinum and get a $15 Uber credit a month. I went to Toronto and was happy to finally use it and then learned you can't use the Uber credits while traveling outside the US. What's the point of including ride share benefits on travel cards when you can use them while traveling? Ridiculous!
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  50. Yep, that's a good card!
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  51. Get one card, wait two years, then get the other card. Then you can get both bonuses. So really only 2 years.
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  52. In there terms of condition you must hold the card for 1 year and pay 1 annual fee, but then yes, you can just get the bonus and then downgrade the card to a Freedom card which is no annual fee.
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  53. Great comment, Spencer!
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  54. 3K is low? haha, everyone's spending is different
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  55. Thanks for the comment and support Truc!
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  56. Literally half of all YouTubers say "Hey guys, welcome back to the channel." Pretty sure that's not trademarked.
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  57. For me it was pretty fast. A couple days after I went over.
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  58. Yep, both bonuses are great for people who chase sign up bonuses.
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  59. Yep, that makes sense. If you aren't ready to spend thousands of dollars of your own money yet traveling, then the CSR is not a good fit for you.
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  60. I tend to agree. I personally only recommend no annual fee cash back cards to family and friends. They can't screw it up.
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  61. Yep, it's a great SUB. Getting it for just one year is a good idea.
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  62. Sign up bonuses and referrals are great. If you want to get the card and then downgrade or cancel it after a year, yeah you will be net positive of course. On my channel I try and focus on which card setups give the most value for people who want to hold cards long term.
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  63. Yes, all your Chase ultimate rewards points automatically pool together, including the Sapphire Reserve.
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  64. Hey Bam! Yep, people definitely do this. It's a good strategy for a family trip for sure.
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  65. It's a serious bummer...
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  66. Freedom card is a good no annual fee option.
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  67. You are very welcome Sandra!
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  68. Haha, I would take either a 2x points or 2% cash back card on all purchases. I have no loyalty to Citi and their doublecash card.
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  69. That's awesome, Jonathan! I'm glad to have you with the channel!
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  70. That is a good question... I honestly do not know. I would get on the live chat with a rep and just ask. It's a question they can answer.
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  71. Good catch, ironically the math subtraction total is still correct. Not sure how I typed the wrong number.
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  72. Haha, yeah, year to year spend it's not that much.
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  73.  @amherst2013  , I'm sure if you google this someone has to know, haha
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  74. I believe you have to wait 24 months from the last time you get either Sapphire bonus before you are eligible for another Sapphire bonus with either card. This rule might have changed recently, so I cannot say for sure.
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  75. Thank you very much!
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  76. Those business card sign up bonuses are amazing!
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  77. I don't know that. I imagine it's the same.
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  78. Always a chance. Chase doesn't seem to care though.
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  79. You are very welcome darkhumphrey! Cheers!
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  80. Awesome!
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  81. Yeah, that makes sense. People definitely can turn a profit by referring which you still can't do with the CSR.
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  82. I agree, for $95, you would be better off with that card.
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  83. Thanks Diana! I appreciate that!
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  84. Yep, you can have 2!
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  85. Sweet! You'll have the Chase Trifecta completed then! Then you can start getting their ink business cards, haha
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  86. Yep, I think Chase would rather people get the CSP. But they need people to hold i multiple years.
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  87. Thank you so much, Glenn! I appreciate the comment and support as always!
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  88. $300 x 12months x 2(x points) x .0125(portal redemption) = $90 So actually no, if you just spent $300 a month with this card dining out you would net lose $5 from the annual fee.
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  89. Cool! We reached the same conclusion.
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  90. It all depends how much in a year you travel. Glad you are thinking about it before committing to a card!
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  91. It's all in the mysterious process of airline pricing.
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  92. Good comment!
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  93. Yikes, I did. There should have been two. Why aren't you seeing them? lol
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  94. The Preferred doesn't give you a door dash credit. You get a door dash subscription pass for $0 delivery fees on orders over $12. But no credits.
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  95. Yeah, if you can get consistent referrals, then the card pays for itself.
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  96. Yep, the problem is that it's a low number. And the lower the number, the more it just makes sense to be using a no annual fee cash back card to avoid the $95 annual fee.
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