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I do not have direct links for Chase Sapphire Reserve or Freedom Unlimited products. I've gathered information on them myself, content is not provided or reviewed by Chase.
Someone just getting involved in the hobby is a hard sell on a $450 annual fee card (even with the $300 travel credit). They should get the Chase Sapphire Preferred Card first, get sold on it, and get Sapphire Reserve later.
Someone new to the hobby won’t likely have had very many new cards in the last 24 months.
Sapphire Reserve is an exciting product, though — with the opportunity to earn a 100,000 point signup bonus, triple points on travel and dining, and Priority Pass lounge access plus a $300 annual travel credit.
If you have Sapphire Reserve, and haven’t yet gotten a Chase Sapphire Preferred Card keep that one on your radar. But most people will go the other way around.
And in fact there’s not a strong reason to keep both on an ongoing basis.
Don’t cancel your Sapphire Preferred Card. Product-change it instead.
I suggest product-changing to the no annual fee Chase Freedom Unlimited card. That’s because it earns 1.5 points per dollar on all spend, and you can then move the points over to your premium Chase card whose points transfer to miles and points. Then use it for all of your spend that doesn’t earn a bonus. You’ll earn a minimum of 1.5 points per dollar and those points can be used for United miles, Hyatt points, moved to Singapore Airlines KrisFlyer, etc.
- If you’ve already had several new cards in the past two years, you can product change to a new one even if you might be less likely to be approved for a new card.
- When you product change you give up signup bonus on the new card, so it’s best to use this technique for a card whose signup bonus isn’t its key feature.
It earns 3x at US supermarkets, and 2x at US gas stations. Supermarket bonus earn is capped at your first $6000 in spend each year. Thirty swipes in a billing cycle will get you a 50% bonus on all of your points-earning for that month — and the bonus even applies to the supermarket and gas station bonus categories (so supermarkets are up to 4.5 points per dollar).
Most importantly it means that as long as you’re making 30 purchases per billing cycle you’re earning a minimum of 1.5 points per dollar on all spend.
However if you already have a Sapphire Preferred, you can use that account in a new way without a new application or paying an ongoing annual fee. You can either call Chase or secure message them through your account to request a product change.