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Credit Cards Chase Points v. 3rd Party Fee

Discussion in 'questions. answers. conversations.' started by Traveler981s, Nov 9, 2018.

  1. Traveler981s

    Traveler981s New Member

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    Looking to pay my mortgage with my Chase Sapphire Reserve. Mortgage is 4600. Fee is 2.5%. Is the points earned from Chase worth the 2.5% fee?
  2. David W

    David W Well-Known Member

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    You're better off paying for that with the Freedom Unlimited (Or Ink Business Unlimited), which earns 1.5x. Makes the 2.5% fee more reasonable, especially since you can combine points from either of these cards to the premium version of UR points.

    Another option is the Amex Blue Business card - 2x on the first $50k each year. That's a solid earning.

    The 2.5% is charged by the company processing your payment, not the credit card issuer, so that usually earns points as well, meaning you're payment is actually $4715. With a Chase Unlimited card, that's 7072 points. Lucky's valuation of UR is 1.7 cents a point, which means it's worth $120. If you redeem for travel on Chase's website at 1.5 cents a point, that's $106.

    Pretty good if you ask me.