Chase Sapphire Reserve is officially 1 year old. A month ago, I’ve had the card since about one month after its released last year. And on the one-year anniversary of your membership, they send you a rather cool-looking document.
I’m just covering up my address there and it details the awards or the value you’ve got from a card. In your first year, chase seems that you drive it home. How much values basically bring stuff they’re giving away?
I’ll do this with a close-up shot. So you can see clearly, you open it up, get a wonderful photo of Mount Fuji there and you’ve got this tropical beach here. But the real important thing we want to see is in the middle your gear and reviews, so you can see from this my first year of membership, I earned one hundred and eighteen thousand two hundred and eighty nine points that obviously does include the sign up bonus.
Those points were worth 177, one thousand seven hundred and seventy four points, 34 cents towards travel at a stock combat with a 50% bonus. You get on the sapphire, reserve the Sapphire Preferred gets a 20% bonus set by reserves, gets 50 percent bonus and then I saved six hundred dollars on travel with the universe of travel credit.
All that back Chase has changed how operate announcers every membership year, but it used to be every calendar year. So you could get it twice in your first year and I did so. I say $600 and then there’s a saving for foreign transactions there, and I haven’t used my TSA Pre Check yet, or Global Entry credit preacher Chris. So that’s why it is a zero.
I will use that in the coming month, so I’ve done some maps. I’m adding up the value, I’ve got from the card here and it sees it’s pretty impressive. So just from the points in the travel credit that 1774 dollars thirty cents plus the six hundred dollar travel credit, which gives me two thousand one hundred and seventy four dollars thirty cents in value.
If you deduct the annual fee from that four hundred and fifty, which was what I paid for my first year of membership, that’s one thousand seven hundred and twenty-four dollars in value. I’ve got out of this card in the first year, just through those two things.
Then you can go a little bit further, adding even more perks. So the priority path selects that you get for free with this card, and I have used it more than ten times this year. Some people, it wouldn’t be that great benefit for them, and because they wouldn’t travel that much and they wouldn’t use it.
Personally, I use it a lot, it is worth four hundred dollars, but get this for that four hundred dollars. If you buy it for $400, you still have to pay twenty seven dollars each time for guests. And I’ve taken guests in sometimes, taking three people at a time, which would be $27 per person.
So I worked out that I’ve saved two hundred and sixteen dollars in guests’ fees, in addition to saving $400 per membership. So when you add that all together two thousand one hundred and seventy four dollars, I’ve saved through the points in the travel credit.
You add the four hundred and the two hundred and sixteen for guests’ fees, and it comes to two thousand seven hundred and ninety dollars, maybe then subtracts the annual fee two thousand six hundred, five hundred, four hundred, three hundred at two thousand three hundred and forty dollars in value.
I got out of my car in the first year, that is absolutely amazing and one thing I’ve just realized looking as a small print in it is that the points displayed are actually only the points between October 25th and June 25th. So that’s actually only about eight months, so it’s actually the cards first year.
I guess he must have come out in June last year, I got it in October. So four months after the release of the card, that’s even better than I thought. Obviously in my second year of membership, I’m not going to have that huge sign-up bonus, that’s going to take that figure way down and some people are saying. The cards are not a keeper, it was only good because of the sign-up bonus.
I had one go write a big long email, it is not email but a big long comment. I got put in the spam folder, because it was so long. I approved his comment, so you can see that it’s on the previous video. We did about the staff, I reserve the one about was it, he made some interesting points.
Saying that Inc preferred is a better card in some ways agrees with them, though I think the card is still definitely a keeper, you can have a look at it even the second year. I don’t have that massive sign-up bonus, but let’s check this out.
So year-to-date from the beginning of 2017, I’ve already earned 17,000 in half a year. I’ve owned 17,000 points and then if you add the $300 travel credit, I’ll be getting this year, that already come to four hundred and seventy dollars worth of value, at least four hundred seventy dollars.
That’s without even adding the extra 50% on travel, so that already covers the annual fee and that’s just half a year plus the travel crib. That’s not even going into how much money I save as a priority pass, no guests fees on the fro, but all this stuff.
So anyone who thinks this card is not a keeper, I would say you’re easily going to be getting several hundred dollars worth of value out of it per year, even with a $450 annual fee. It depends on your travel habits though some people, if they go on longer vacations and stay in one place for four days or more.
They’ll get more value out of city prestige, because it’s got that for nine forty nine for free. I haven’t stayed in the hotel for longer than three nights in a row, so I haven’t made use of that.
Let me know in the comments about what you think of the Sapphire Reserve. If you reach a one-year anniversary and you’ve sent it, let me know how many points you earned in your first year and also what will you do if you get 100,000 or the 50,000 sign-up bonus. I’d love to know about your awesome vacations and so comment below, subscribe if you’re new for more credit card tips and tricks every week.