What's up, everybody welcome back to the channel um great great news chase has announced um and confirmed changes to the sapphire lineup without increasing annual fees. This is a big jab at american, express with them increasing the fee, in my opinion, to 6.95 and chase keeping their fees at about a hundred dollars and about 550.. So let's get right into the video all right so for you guys who are looking to get a chase card um or who are already you know within the chase ecosystem or someone like me, um, i'm currently in 524. But i'm excited about this because i'll be out of 524, we'll talk about that a little bit but um.

If you guys have a chase card, if you're looking to get a chase card, this is probably going to be the best time to get it now. These changes do take place august 16th, which is in about five days. So let me go over to the computer right now, we'll talk about them and let me know what you guys think all right so for the chase, sapphire preferred. We have uh pretty much three brand new categories so right now you get five points per dollar on all travel purchased through the chase ultimate rewards portal, which is a great portal.

You get three points per dollar on select stream of services and you get three points per dollar on online grocery purchases. Now this does include target walmart or wholesale club. So, for example, you have wholesale clubs like sam's club, bj's costco. Those will be excluded from that.

The existing point structure for the chase, sapphire i prefer - is also increasing as well so you're going to go from two points per dollar on dining to three points per dollar and will include not just restaurant but also delivery services, which is awesome, especially in my opinion. Right now, with everything going on due to the pandemic, so my favorite thing to do is: do some door dash or some uber eats. So that's actually amazing, and it actually gets me really really excited as far as travel outside of the ultimate rewards portal. You're still going to earn two points per dollar for the chase.

If i prefer card, if you open your card up august 16, 2021 august 16. 2022. You will now get a 10 bonus in the form of chase ultimate reward points. Now it's not a bonus on the categories.

It's a bonus on the total amount of money that you spent quick math just to make it simple. If you spent 30 000 dollars the previous year times, 0.10, that's 3. 000., so you would get 3 000 chase ultimate reward points again. It is the total amount of spin you've done on your card.

I think that's a really good thing, because it makes you want to spend money on this card, knowing that you're going to get a 10 increase the following year. The chase sapphire prefer card is also going to have a 50 credit um each year. That goes to any hotel stay on the chase. Ultima rewards portal.

Now, unfortunately, for the existing card holders, you will not be able to use this until your next anniversary year. This is another jab at amex's 200., in my opinion, the 200 for the platinum card. I know they may not be comparable or they can be um, but i know one has a 6.95 and one has a 100 annual fee right, but this is a jab at the flexibility that chase gives you and then american express. It has to be fine hotels and resorts with a hotel collection, so this is a really good give me, and it just makes the card even more valuable for the chase sapphire preserve card.

You are getting 10 points per dollar on chase dining purchases through ultimate rewards. You're going to get 10 points per dollar on hotel stays and car rentals booked through ultimate rewards and you're, also going to get five points per dollar on air travel booked through ultimate rewards. That last one to me is huge again, it's another jab at amex's 5x. When you do things through the american express portal, so i think that is a another jab at amex.

This is, i love. The competition chase is really like at amex neck right now it's really running them for their money. In my opinion, in addition, like chase half reserve card, you already get the three points per dollar for every spending on dining and travel purchases made out of the chase, sapphire ultimate reward portal. That's going to stay as and also including the 300 travel credit priority pass in that global entry, tsa pre-check credit, those will all stay won't be touched at all, and this is one that i thought was very interesting.

This is again, this is like revolutionary. One thing that american express has always had over chase was the centaurian lounges. The centaurian lounges are now going to have competition in the future. We don't have a date, but chase is going to have its own centaurian lounge.

It's going to be called chase, sapphire lounge by the club. The first three are going to be in laguardia, new york, boston and hong kong. So pretty much the major especially i mean laguardia being in new york. If it was in jfk, it would have been crazy, but laguardia is still good too.

So, yes, that is very, very exciting and chase sapphire reserve card members only will have access to this um, which i think is amazing. I think the issue that they're going to run into as well is this is going to get everybody so excited that it's going to be so many chase, sapphire reserve cards being open, they're gon na have to do the same thing. American express is doing like limiting guests and things like that. Hopefully it doesn't get too out of hand, but i can see it happening right now.

Not only will this lounge or club be american express competition, it actually has a little bit more to give. So obviously it has food and drinks, but it's going to have possibly art, entertainment and wellness experiences. I know prior to covid, specifically in dfw the dallas fort worth airport, the centauri lounge you were able to get massages, i'm not sure that is still a thing, but if this is a thing now with chase, that is a huge perk go in there get some Wellness experience and i think of wellness experience, i'm possibly thinking of a massage, a spa, something like that to really kind of relax you, while you're in the airport, going through all that travel. Another thing that is a jab again at american express is later on this year.

Chase sapphire reserve cart. Members exclusively will get access to reserved by sapphire all right. So it's pretty much just chase. Sapphire reserve turned around reserved by sapphire okay, and this is pretty much going to be like, i would say, rezzy in a sense um.

You know with the global dining access that american express has given to us now this year. So this is another punch at them and this is going to give you the opportunity to book at um popular restaurants across the country, which is amazing, so yeah. This is going to be a really good card. Now i don't know which card to do here.

Are my thoughts this card is going. These two cards are going to really run um up the numbers. I would. I can definitely see a lot of new customers coming myself being one of them um yeah.

I can see myself being one of them now for a couple of years now i was way over 524 due to the pandemic. I slowed down a little bit, not because of monetary reasons, but just i wanted to. I figured when things got back up to normal, which they are getting back to normal, that there were going to be big shifts in the credit card world, and i was i was right and a lot of my friends did the same thing so in october. I will be at 3 24, which is great now i just have to pick what car do.

I want. Don't want the world of hire car that i've never had before or do i want the sapphire preferred or the sapphire reserve? If you guys don't know, you have to be under five cards in 24 months, so technically you can only open up four cards in the last two years to be approved for a chase card. Now it's not in a fine print, but it is very well known out there that that is the case. You also have to make sure if you want the amazing sign up bonuses that they're currently offering that you haven't had a sapphire bonus within the last 48 months.

The last sapphire bonus i had was in 2017 um, so i am january or february 2017.. I have to just wait for my 524 to fall off, which is in october, and i will be eligible for not only the sign up bonus again but also to have the card, so i'm extremely excited. I think the card that i'm gon na go for now with all of these new perks is gon na, probably be the sapphire reserve card. I know for a while the sapphire um sorry, i'm gon na yeah, i'm gon na go for the sapphire reserve card.

I know for a while the sapphire preferred was the better one, especially the last year, or so i just didn't feel like the sapphire reserves annual fee justified it, but now, with all these new perks coming, i definitely think that annual fee is worth it. In my opinion, what do you guys think are you guys going to be applying for these cards? Do you guys already have these cards? Are you going to pass and the big question? Does this really pose a threat to the american express cards? My opinion it does. I hope you guys enjoyed this video, make sure you like share and subscribe i'll talk to you soon take care. You.

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