At $550 a year, Chase Sapphire Reserve is pretty expensive for me, especially when we aren’t going to travel or eat out all that much (or probably even if that weren’t the case). - Maybe not. After the $300 travel credit, think of the remaining $300 or so (i.e. $250 plux taxes) as purchase protection and travel insurance.
Some alternatives:
Fidelity: Free, with 2% cashback. (So, no need to track categories or anything.) Foreign transcations aren’t free. While I can have the money go directly into a Fidelity account, don’t think I can have it invested too automatically. So, a bit of hassle. No Auto Rental Collision Damage Waiver, so major blocker. Alliant: Flat 2.5% cashback. (That’s pretty high.) All other goodies such as no foreign transaction fee, rental car collision coverage etc. $99 fees 2nd year onwards. Check if they allow another card for Sneha for free. If so, that’d be cool. Current card from First Tech: 1.6% cashback for some categories, 0.8% for others. So, pretty miserable. Free though. Current Chase’s Freedom: 1.5% cashback. It does have it higher in some categories. It may be a bit of hassle to track that. Auto Rental Collision Damage Waiver is secondary whereas Sapphire’s is primary. Amex Platinum: Travel rewards highly coupled with Uber and they’ll likely go to waste for us. Overall:
...