Page 32 - Credit Builidng Toolkit By Adrean Yancy jr 3

Credit Building Toolkit

Chase Sapphire Reserve Card
This could have won the best-authorized user credit card because of its unique and
enormous bonuses and benefits--yet it fell slightly short behind Chase Sapphire
Preferred Card. Still, its huge annual fee is not something everyone can afford,
especially those with lackluster credit scores. Now, let's see some of the lowdowns

of this card.

Spend $4000 in your first three months and earn yourself 60,000 bonus points,
which is equivalent to $900. Plus, the card owner earns as much as $300 annual
travel credit. Unlike Chase Sapphire Preferred, where you earn 2 points per $1 spent
on traveling and restaurants, with Chase Sapphire Reserve, you earn three times per
point on traveling and dining and then a point per dollar on other purchases.

Not only can you get your bonus points as gift cards but also as cash. Even so, a
point is worth a penny. There are other available options on how to redeem your
bonuses in products and services.

● Annual fee: $550
● Reward: 3X points on travel and dining in restaurants and 1 point per $1 on
other purchases

● Regular APR: $16.99% - $23.99%
● Intro APR: 0% for months

● Credit recommendations: Excellent
Pros
· No foreign transaction charges.
· Huge benefit and reward perks. Cons
· You can redeem bonuses in gift cards · The high annual fee can make the

and cash. head spin.
· Card owner earns $300 yearly on · Requires a consumer to have an
travel credit. excellent credit score.

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