Question people wonder how to upgrade chase sapphire preferred to reserve today we’re talking about when you should upgrade the Chase Sapphire Preferred to the chase Fi reserve
Ok so let’s go ahead and get started with the Chase Sapphire
Preferred when you should do the upgrade and now this is not a hard and fast rule
so there are certain things that you might have that you might have different
circumstances so I’m just going to talk about in my situation when I would
consider upgrading. I do have the Chase Sapphire reserve right now and I also
have the Chase Sapphire Preferred because I had the Chase Sapphire
Preferred prior to the Chase Sapphire reserve launch and when they launched to
chase a fire reserve I jumped on it so I still have both cards I usually taste
Sapphire Preferred right now as referrals I mean I get so many referrals
on that card so that’s the reason why I’m keeping that card
Now when you’re looking at the cards the first thing that you want to think about the first
thing that I would think about in situation is how much do I eat out and
in my situation I eat out a lot so I will eat out when I’m going to work at
least once a day I’m going I’m getting a meal so that’s at least $10 every meal
every day all right a Monday through Friday and then on the weekends it
depends on the situation but I do eat out more than most people
so I can benefit from from getting that Chase Sapphire Reserve so I can earn
more points with the taste Fi Reserve because I’m giving 3 points every dollar
spent at restaurants whereas with the Chase Sapphire Preferred you’re only
getting 2 points every dollar spent so that’s the first thing I would look at
The next thing we want to look at is lounge access so a lot of us in prior to
getting the Chase Sapphire reserve I didn’t really know anything about
lounges I’d never stayed in the lounge or anything like that
but now I swear by them anytime I go to the airport I’m always using the lounge
because for one they have free water free sodas free alcohol free snacks so
you have a place to go that’s quiet you also get free Wi-Fi too which is
nice that’s quiet and you you can kind of get away from everyone and then you
have these free things that you don’t have to pay for and I used to go to the
gift shops all the time and get water and get things like that for the plane
well now I have access to these same things and a lounge so it just makes
that whole travel experience a lot better so I I recommend people at least
go into a lounge to kind of see how it is some some other cards will give you
maybe a couple of passes a couple of free lounge passes or you can also get
on eBay and you can get like the United Club passes.
Now the United Club is not it’s not the nicest lounge that you’re gonna be in but it will kind of give you
an idea of how things work in and how you can really benefit from a lounge by
getting some of these different things that you would normally buy when you’re
at the airport so you have to look at that so is this a benefit that’s
something that’s that that I that I’m good with or is this something that
really not worth it to me a lot of people bring their food so they’ll bring
food to the airport which you can do you can’t bring liquids but you can bring
food snacks and things like that so if you prepare ahead you can do that and
you don’t need a lounge but it’s something to think about that would also
kind of steer me to ok the Chase Sapphire Reserve is good because of this
something else I want to talk about is Global Entry so if you’re not if you’re
not familiar with Global Entry global issue will allow you to kind of get in
front of everyone online so you’ll have a separate line that you go to and you
don’t have to do a lot of things like you would normally have to do at the
airport take off your shoes take your computer out of the bag and all that
kind of stuff you you’re able to skip all that because you have if you have
Global Entry you also have TSA PreCheck now the way that Global Entry is
different than TSA PreCheck is when I’m entering re-entering the country so
let’s say I go out to Mexico then I’m on my way back when I’m on my way back in I
go through a separate line again I go through a kiosk and I don’t have to go
through the the normal customs process so all I do is go to the kiosk put the
information and put my passport on there put my fingerprints on there and then
I’m able to just go right through though they’ll it’ll print out his ticket for
me and I take that ticket to the customs agent and then I’m on my way so it’s a
lot faster process it does a little bit more to get that but they
give you this hundred dollar credit with the taste fi reserved but you do have to
you have to go for an interview sit down with the interview talk with the customs
agent just kind of explain your travel history and all that kind of stuff and so they do do a little bit of background I say they know your trusted traveler
that’s what that’s what that means so another thing to think about if you
want to get the Chase Sapphire reserve you get that you’re gonna get that
hundred dollar credit there now one thing that I didn’t mention that I think
I should mention is the difference between the two cars as far as the
annual fee so the annual fee for the Chase Sapphire Preferred is $95 the
annual fee for the Chase Sapphire reserve is $450 and so you can see right
there that’s a big difference and that might sway you one way or the other but
with the Chase Sapphire reserve you are going to get a $300 travel credit and
that brings me to the next portion of the next thing you need to think about
how much do you travel so if you don’t travel enough let’s say one or two times
a year Chase Sapphire Preferred is probably going to be a better fit for
you if you do travel three four or more times per year then you might want to
consider getting that TFI reserve because you can get all those benefits
that I was talking about the Global Entry really makes sense at that point
the the lounge access really makes sense and plus the three hundred dollar travel
credit you’ll have no problem using that travel credit if you travel a lot
so those are other things that you need to think about and the last thing I want to
talk about too and this can be a strategy if you don’t plan on traveling
right this minute let’s say you’re you know you want to travel in a year or two
years the sign up bonus for the Chase Sapphire Preferred right now is sixty
thousand the signup bonus for the Chase Sapphire Reserve is is fifty thousand so
you’ll get an extra ten thousand if you sign up for the Chase Sapphire Preferred
and then upgrades but you have to wait a year you can’t upgrade prior to that
year so you’re gonna have to wait that time and then at the end so when you’re
when you’re ready to pay your annual fee again you can call up chase and listen
oh hey am I eligible to upgrade this card and then they’ll go ahead and work
their magic and get you the card the Chase Sapphire reserve now you do need
to have a credit limit with the chase after I reserve the credit limit needs
to be ten thousand so if you have the Chase Sapphire Preferred right now and
your credit limit is let’s say five thousand well they need to see if you
qualify for 10,000 so they’re gonna have to do
something to figure out if you if you do qualify now if you have some other chase
cards they might be able to move some credit around and allow you to to get
the Chase Sapphire reserve but you have to start at ten thousand they don’t they
don’t approve people under ten thousand as far as credit limit so that’s what I
think about the chase if I preferred upgrading when you should upgrade I
think really it comes down to your traveling habits if you travel a lot
that it really makes sense if you do not travel that much then I think you’re
safe for just saying what the Chase Sapphire Preferred because there are
some benefits in the chase EFI Reserve that you’re just not going to be able to
get so that’s my that’s my advice when it comes down to it but more importantly
I wanna know what you guys think so in the comment section what do you think
you should upgrade from the Chase Sapphire Preferred the Chase Sapphire
reserve do you think you should do it at all do you think you should just bypass
the taste that I preferred and just get the Chase Sapphire Reserve and not do
like a thing I was talking about where you’re getting the Chase Sapphire
Preferred first get to 60,000 sign-on bonus and then get the Chase Sapphire
reserve in one year what do you guys think about that please let me know down
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