Welcome to Freakimilar's Coffee Break, where we focus on a single topic related to miles and points.

And each coffee break is limited to 20 minutes or less or your money back.

On today's coffee break, we're going to take a second look at the new Chase Sapphire Reserve Card.

As you'll remember, back in June, Chase introduced the new higher fee. It's now $795

Saffire Reserve Card. And our initial reactions were mixed, muted. We were very disappointed about some things. For example, the card used to be a great,

like no-brainer to recommend to travelers card because it had a very simple structure for,

if you pay for any travel, you used to earn three points per dollar.

So it was very rewarding for travel.

It had, and still has, best in class travel protections.

But it also had, and this is gone now, the ability to redeem points for 1.5 cents each for any travel book through Chase Travel.

Now, some people who had the card before still get that grandfathered in for a while,

but my point is going forward, that's ultimately gone.

And in exchange, you get the ability, certain circumstances to get even more value per point

and also to earn more than 3x per point.

But it's not everywhere, not all travel.

And then in exchange for the much higher annual fee, they added a bunch of coupons.

So they made it like, here's a whole bunch of things you get back, but it's kind of a complicated mess.

So, Nick, maybe you can just quickly go through what the new card looks like.

What are these coupons and everything at a very high level?

And then we'll discuss,

has our opinion of all this changed at all? What are we thinking right now? Yeah, so like you said,

the annual fees increased to $795. You now earn eight points per dollar on all Chase travel purchases,

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