Is the Chase Sapphire Reserve Still Worth It? | 7 Steps to Calculate the Value (+ FREE TOOL)

Is the Chase Sapphire Reserve still valuable for most travelers? We'll share 7 steps to calculate whether you're getting value from the new benefits and credits, despite the increase in the annual fee. Also, we'll share a free calculator that you can use to follow our process.
---
RELATED VIDEOS:
---
MUSIC CREDITS:
- "I Love You" by Vibe Tracks
---
PHOTO CREDITS:

#creditcards #personalfinance #chase

[TripAstute]

What do you all think about the changes? Did anyone else have a change in heart after calculating the new benefits? 😎

[sanjayparekh]

Great video! Very well & logically explained...

[zadocklong]

Great video! Good visuals and helped me decide whether to keep my card or not

[falcoperegrinus]

Great video, as usual. The $550 annual fee was a bit jarring at first. I used your spreadsheet and plugged in the numbers using the year end summary Chase provides. I get a ridiculous amount of value out of the CSR at $450. But I also see that I'll get more than enough value out of it in 2020 with the $550 annual fee. I do a ton of ride sheets (no drinking and driving when indulging in nightlife!) and l usually chose whichever is cheaper between Lyft and Uber. So I'll just be usin Lyft now for that sweet 10x back! I use UberEats as well, but I downloaded DoorDash and got a couple of free dinners with the $60 credit and have about $25 bucks left to use. Considering everything, the $550 annual fee is a huge upfront fee, but I still come out on top by a huge margin. Thanks for the great spreadsheet! Really put everything in perspective for me!

[Mily-qleo]

Very helpful and informative video Ernest. Thanks for the breakdown of the new benefits. Excellent summary as usual. After doing my own math... keeping it.

[mxmeyvu]

Nice video, I'll be cancelling my Gold card as well this week. Down grading my CSP and opening a new CSR.

[masoompatel]

Based on my current spending patterns I’m not a fan of the changes, but my spending patterns could change before my $550 AF hits so I’m keeping an open mind. Even before the changes were announced I was considering evaluating my entire set up based on my spending from the past year. I’ll be putting together a spreadsheet to see if another setup will give me more value.

[akin]

Great rational video! Everyone should check the numbers before making knee jerk reactions.

[Bangpaulxu]

Thank you so much for this video! I think it is for sure worth it for me since I live abroad and also on a flight three times a month

[RemcoAlexanderPhD]

Great video Ernest! (and so much clearer than AskSebby...). Nice to see that after a week finally the math and logic start to take over again among the YouTubers, after all those initial knee-jerk reactions. I have my own spreadsheets, so for me, it was already clear that the CSR is still a keeper!

[mrcnt]

Good video and nice spreadsheet. Found you from asksebby.

[kittynyc]

I was fixing my credit so that I can apply for the CSR. I live in NYC and will benefit a lot with these new benefits. I didn't know they increased the AF but after convincing myself that this was the card I was going to get, now I am not so sure. The $550 is pretty steep but is there another CC that compares with this card and AF that will give me awesome travel benefits?

[chasingadeline]

Very cool!! Have been waiting for the video

[jeremymoore]

Ernest,

Great video man such a good breakdown I like how you said that it depends on your spend and whether you can use the credits. If you don't travel more than once or twice a year it may not make sense to have the CSR over the CSP? Congrats on the marriage man I know it's a little late. What cards you looking forward to in 2020? A what's in your wallet for February coming out soon? 🙂 Love the content man.

[kevinManhattan]

Thanks for the google sheet Ernest. Super helpful. Now that i see i will come ahead, i might keep this card after all!👍

[seenzee]

Great video! I'll keep the CSR for at least one more year since I can use the Doordash credit and Lyft perk.

[shyft]

Great video Ernest thanks for sharing, the CSR new AF $550 is not worth it for me because I don't use any of the added benefits totally BS I will be cancelling the card.

[IkaikaArnado]

Yeah, my initial reaction thought it was trash. Then I ran the numbers and use case and am now like NVM this is dope.

[donovanthompson]

Since you are able to transfer UR points from the freedom and ink cards that have zero annual fees. I would think if you have those cards you can take this into your personal calculations.

[brucelaw]

Not upgrading as I don’t use rideshare more than twice a year and never use food delivery services

Will only apply for this card when I’m eligible for bonus in 2022