Hey Chase 🐠, Recent college hire in consulting, I’ve been on Chase Freedom Unlimited for the last six months and have ~45,000 points. Looking to get a chase sapphire preferred or reserve when things open up. No dire strait for funds right now, but should I take the points as $450 of cash back or hold onto them to use with sapphire perks? Plan is to stay in the chase ecosystem and churn cards on the way up, what should I be considering? (Besides 4/24). Thank you!

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Definitely keep the 45000 as they will be valued more with preferred and reserve cards

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Definitely hold on to them and transfer to a travel partner in the future when travel resumes! Cash out is the lowest valuation / worst use of the points. Unless you need the $450 now to pay off your bills (like you’re living paycheck to paycheck or had some sort of unexpected cost that’s screwed up your budget math), I would hold the points.

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Definitely hold on to the points and transfer them once you get either of the sapphire cards. I would also consider the other cards in the chase portfolio to build a better profile and relationship with chase. The CSP has a minimum credit line of $5k and the CSR of $10k so I would build up to that.

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Ahh thanks for the context .... you should be fine considering your existing limits and credit score!

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I’m going to defend cash back.

In a normal world, my work travel gets me all the points I need to travel as I want. If I was super travel obsessed, or didn’t travel for work, then I see why you’d pick points. But I like work travel to find my points, and cash back to fund my home improvements.

@D1 Absolutely my strategy :) Sorry, intertwined Pay Yourself Back and Cash Back together there.

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