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Chase Sapphire card review.

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    #1

    Chase Sapphire card review.

    I haven't had a credit card in many years. I see friends and family flying around on their points and figured I would finally take the gamble on the Chase Sapphire card. 60,000 point sign on bonus. I plan on paying off the balance every month and only putting my reoccurring bills on it.

    The interest rate on it is 16.49 %–25.24 % based off of my credit score. Chase says that you need a minimum score of 670 to apply. That's easy, mine is usually around 780-800.

    I figured I would get a interest rate around 20% if I was lucky. NOPE....Chase says, 25.24 % based off of a score of 650. My score has never in my life been that low and is at 775 currently.

    One thing I can't stand is a liar and a cheat. These banks nowadays seem to make this kind of thing a standard practice. I'm not 10 minutes into my agreement and I'm already regretting it.
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    #2
    You won't be paying any interest if you pay it off monthly so it shouldn't matter. Did you get the Reserve or Preferred? The Reserve is raising there annual fee in April. I got ride of mine

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      #3
      Originally posted by Hoggslayer View Post
      I haven't had a credit card in many years. I see friends and family flying around on their points and figured I would finally take the gamble on the Chase Sapphire card. 60,000 point sign on bonus. I plan on paying off the balance every month and only putting my reoccurring bills on it.

      The interest rate on it is 16.49 %–25.24 % based off of my credit score. Chase says that you need a minimum score of 670 to apply. That's easy, mine is usually around 780-800.

      I figured I would get a interest rate around 20% if I was lucky. NOPE....Chase says, 25.24 % based off of a score of 650. My score has never in my life been that low and is at 775 currently.

      One thing I can't stand is a liar and a cheat. These banks nowadays seem to make this kind of thing a standard practice. I'm not 10 minutes into my agreement and I'm already regretting it.
      I have the Sapphire Reserve and love it. Spent 2 weeks in Italy this summer and almost covered the entire trip with points

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        #4
        Yes, the way you are explaining it you should never be subject to the interest rate.

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          #5
          We have the Preferred and it fits our needs. We save up the points and redeem for vacations. Right now we have nearly $1,000 in points saved up. We just pay it off every month so the only cost to us is the yearly fee.

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            #6
            You can tell the wealth of a camel by the size of their hump . . Just sayin . .

            #fillthepipeline

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              #7
              Originally posted by thegrouse View Post
              You won't be paying any interest if you pay it off monthly so it shouldn't matter. Did you get the Reserve or Preferred? The Reserve is raising there annual fee in April. I got ride of mine
              ^^ what he said. I pay mine off every two weeks on pay day. I’ve made it a habit and it works great for me. Stick to it and you should be able to fly somewhere at least once a year for free. I’ve bought 3 tickets for the family one or two times a year for 3 years and haven’t payed for any of them.

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                #8
                As others said, you won't be paying interest. How many loans have you had in the last say 5-7 years? Ever defaulted on any of them? When you ran your credit score yourself through any of the credit companies (Transunion, Experian, and the other one), what did they tell you?

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                  #9
                  One of the nicest features is getting 25% discount when booking through the card's points.

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                    #10
                    Originally posted by Sharecropper View Post
                    You can tell the wealth of a camel by the size of their hump . . Just sayin . .

                    #fillthepipeline
                    Just sayin what? Just because I'm 15lbs overweight don't mean I'm rich sir, I promise you.

                    We have the preferred and it comes in handy.

                    Comment

                      #11
                      Originally posted by WItoTX View Post
                      As others said, you won't be paying interest. How many loans have you had in the last say 5-7 years? Ever defaulted on any of them? When you ran your credit score yourself through any of the credit companies (Transunion, Experian, and the other one), what did they tell you?
                      Like I said in my OP, my score is 775. Their documentation say I have a score of 650, which isn't true.

                      I understand that the interest rate will never come into play if I pay it off every month.

                      My thing is, if a company tells me one thing then does another; how can they expect me to trust them?

                      Comment

                        #12
                        Originally posted by Hoggslayer View Post
                        Like I said in my OP, my score is 775. Their documentation say I have a score of 650, which isn't true.

                        I understand that the interest rate will never come into play if I pay it off every month.

                        My thing is, if a company tells me one thing then does another; how can they expect me to trust them?
                        Where are you seeing 775? If they pulled it and showed you they see 650, why don't you believe them? You should be able to see which company they pulled it from, maybe there is something with them that's knocking it down..?

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                          #13
                          some time those free credit checks are not true numbers, like said above if they pulled from trans exp and Equifax that is a real number. i think you can ask for a copy of that report and maybe you can see what is affecting the score. Oddly enough lacking credit can hurt your score even if its not bad credit.

                          Also I have seen where someone thought they had paid a balance to $0.00 but they still owed a few bucks that pushed their credit into the 550s. Guy had no idea, may want to ask for report just to be sure this isn't the case for you, you never know and cant hurt.

                          Comment

                            #14
                            Originally posted by jshouse View Post
                            Where are you seeing 775? If they pulled it and showed you they see 650, why don't you believe them? You should be able to see which company they pulled it from, maybe there is something with them that's knocking it down..?
                            I have a Chase account and I monitor my score often thru their banking app.
                            They never show me a score of 650 because they can't. My score is 775.

                            The score they are saying I have is false. When I called they couldn't tell me why they gave the max interest rate with a score that high. I asked where this 650 score came from and they could answer.

                            They are hoping that I just roll over and take it I guess.

                            Comment

                              #15
                              Originally posted by TexasTealHunter View Post
                              some time those free credit checks are not true numbers
                              I could see a few points here or there but 125?? So now we are back to square one with not being able to trust a company for their word.

                              Comment

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