Do you think the Chase Sapphire Preferred credit card is good for someone just out of college (22)? I currently have the old/discontinued version of the Chase Freedom card. They seem to have a pretty good deal but I wasn’t really sure how cards with annual fees work. After the huge initial bonus, do you think it would end up costing me money? New to this and just looking for advice. I’m moving soon and will definitely be spending 4k in the next couple months.

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I just applied for the preferred and will be getting the 100k bonus. I have the freedom card and the Amazon chase card.
The 95$ is worth it for the travel points and travel insurance.
My SO has the sapphire reserve and it's pretty nice too.

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Hey I graduated in 2020 and the CSP was my first play too - highly recommend it, especially with the 100k offer.

If you end up going consulting FT, you can always upgrade it to a CSR next year for lounge benefits and start the Amex cycle too (with Corp. card discounts!)

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It's a great starter traveling card. That said, also consider luxury cards like the CSR and Amex Platinum to get credit for TSA Pre check / global entry

Keep in mind, if after 1 year you don't like the card or few it as an expense, that you can just downgrade it to the Chase Freedom and have no annual fee

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Yes!!! I was just coming on here to say I think I’ll keep it a year and then downgrade to the Chase Freedom Flex or Unlimited for better multipliers

I got mine right out of college (Reserve). If you net out the cash benefits (travel $$, TSA pre covered, etc) I think it only comes out to like $100-$200 a year. And that’s if you don’t get any other benefits. Ultimately a value call to you, but I love mine.

OP asked about the preferred ($95) which is different from the reserve ($550).

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It's my favorite travel card. The fee is up there but 300 back in travel credit plus door dash credit is worth it. I make more back in points than the fee itself. Before I exited to industry, I used it for all my flights and meals when travelling, it was glorious.

Assess what your budget looks like per month for dining and if you'd travel enough to get a benefit from it.

Oh my bad, I was definitely thinking of reserve lol.

If you travel a lot apart from what you do for work you can make back that $95 in no time. But if you travel only for work, most of the organizations will provide you with a corporate card to use right from day 1. So you won't accumulate any points from there

Right I definitely would be able to spend 4K so I know I’ll get the bonus but idk why the annual fee is stressing me out lol

It’s an awesome card I’m 23 and it was my first big boy card.

Just got approved! Thanks everyone :)

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