The Chase Sapphire Preferred: My Honest 1-Year Review

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Hey guys, in this video, I talk about my 1-year review of the Chase Sapphire Preferred and whether or not I will be keeping or canceling the card this year. If you are asking, “Is the Chase Sapphire Preferred worth it?” then this video will be helpful as we go over the important things to know about this popular Chase credit card. With many credit cards available today, especially travel credit cards, it can be tough to know which ones are really worth keeping, especially if they have an annual fee. But in my case, as we talk about throughout the video, the perks and benefits of the Chase Sapphire Preferred make this card a no-brainer for me, even with its $95 annual fee.

This video will be more of a personal year-long overview of how the Chase Sapphire Preferred has played a role in my lifestyle and spending habits over the past year. Hopefully, as I go through this credit card review, you will be able to see why I think the Chase Sapphire Preferred is one of the best credit cards of 2023!

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Watch Next:

📚 Chapters:
00:00 Chase Sapphire Preferred: Keep or Cancel?
00:21 90,000 Point Welcome Bonus
00:45 Chase Sapphire Preferred: 1-Year Review
01:07 Welcome Bonus Discussion
02:07 Credits Discussion
03:57 Effective Annual Fee Discussion
04:26 Earnings from Spend
05:13 How Much Are Chase Points Worth?
05:54 The Power of Chase's Ecosystem
07:36 Transferring to Travel Partners
08:02 My Journey with Chase Cards
09:05 Hyatt Redemption Example
11:10 How to Get Max Value From Chase Points
11:49 Total Value in Year-One
13:01 Expected Value in Future Years
14:27 Will I Be Keeping the Chase Sapphire Preferred?
15:22 Who Is The Chase Sapphire Preferred For?

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#chasesapphirepreferred #chase #creditcards

[SpencerJohnsonOfficial]

What’s your opinion of the Chase Sapphire Preferred? 🤔

[shadowblade]

The minute Chase adds an actual grocery category (none of this silly online business), I'm closing my Amex Gold card.

[LK_EBM]

Always appreciate that you share personal experiences! It's way more insightful than repeating information from the credit cards website like other YouTubers

[rmknicks]

Last month I flew to Amsterdam on Air France in business class. I got > 3 cents per point by transferring my UR points. I then had to pay the surcharges and taxes separately and I used the CSP and got the 2X on all other travel category. I love this card.

[jakemercure]

I got the Sapphire Prefered in June 2019 but got the bonus 3 months later in September 2019, downgraded to CFU and now getting the CSP again in September, 2023. Just note, I think the 48 month clock starts on the statement period when you receive the bonus not necessarily the date opened. As always, nice video Spencer!

[my_name_is_nat]

I love his detailed way of showing all of this info. When he actually got into the HYATT page and explained the difference it was perfect. I am a visual learner and his graphics is just the cherry on the top for me. Thank

[JakeSpradlin]

Hey Spencer! Just wanted to say you’ve inspired me in my own channel. Love your content, especially recently. I got the chase sapphire preferred a few weeks ago and am pumped to start using these benefits. Thanks man!

[benmitchinson]

So helpful, thanks for the info here man ! hope you're well. amazing editing + really relevant math.

[KevinYang]

Just product changed my CSP down to a Chase Freedom card given it's been 5-6 years now, hopefully the elevated bonus sticks around! Awesome review Spencer!

[mtnbob]

Thanks for the video! I enjoy you following up and showing your math.

[TheCreditFrog]

I hope that the 90k CSP offer lasts for a while - if it’s still there later in the year, I may consider getting it once I’m under 5/24! Great overview of this card Spencer! It was fun to hear your personal experience with this card as well!

[jimmyjames]

CSP is a great CC! Especially if you're running the Chase Trifecta. Thanks for the info + video!

[ayamaikarim]

I found out of your channel because I follow Ben Hedges & other vloggers, never heard of you in the past. Have to admit was really impressed with your review with such clarity, simplicity and tone of the voice. Forwarded to wife to watch as she is eligible to get it in July as for me it will 2 years or more to be eligible to apply for this card if I stop applying for other cards. I am authorized user on my wife's Chase cards.

[docsays]

The CSP is probably my favorite credit card!
Aside from the decent multipliers, its 1 of the only low AF metal cards that offers superior travel insurance & primary auto CDW. Definitely a keeper for me.

[MattWelterOfficial]

Love to see the example to get 2.5 cents/point for that Hyatt redemption! Just like you, I'll definitely be keeping my CSP to get that higher value for all the Chase Points that I have, and being able to redeem those points for travel. Great video here Spencer!

[CalrosACJ]

Have you considered downgrading it and getting the chase ink preferred for ur YouTube business?

[coldbrewer]

I just booked a 4 night stay at a Hyatt House in Florida. I transferred 48K UR points at a value of $480. The going rate for 4 nights at this Hyatt House was $1500. Getting about 3 CPP. I just recently downgraded the CSP, so I can reapply for the 90K SUB. I've had the CSP for 6 years. I also have 2 CF's, a CFF, and a CFU that get dumped into UR.

[druiz]

I pretty much feel the same about this card as you do. It's one that I have only because of the transfer partners. I have accumulated a lot of Chase points with Ink cards so those transfer partners are going to come in handy!

[itsjustaride]

I’ve noticed the improvement on the production! Great work always enjoy the videos

[sykomangoTV]

Alas, another awesome informative video Spence. Also love the Hyatt Redemption example. Thanks for sharing and helping me out on making my next decision for my card arsenal easier lol. Can't wait to see more!