RECENT POSTS
  • Credit Cards,  Travel Rewards

    Primer on Chase Sapphire Reserve $300 Travel Credit

    The annual $300 Travel Credit is easily the most lucrative benefit of the Chase Sapphire Reserve card. Questions about what it covers and when it resets have been plentiful. It’s important to understand the benefit to know if and/or when you should apply. Fully monetizing the credit each year will effectively reduce the annual fee of the Sapphire Reserve from $550 to a net $250. You can receive this benefit twice in the first year of holding the card. Get the card now and use your initial $300 credit. And in a year you’ll have a fresh $300 credit to make use of before the due date of your second…

  • Credit Cards

    Don’t Downgrade Your Chase Sapphire Reserve. Not Yet, Anyway.

    UPDATE 2: Chase recently changed it’s annual fee refund policy for product changes from 60 days for a full refund to about 40 days. The premise of this post still works, just mind the timing if you choose to downgrade/product change. UPDATE: It’s now mid-December and I’ve seen enough positive data points to completely discredit this comment that concerned some readers. The premise of this post works as described. One year ago, Chase introduced the Sapphire Reserve to it’s stable of credit cards. It carries a hefty $450 annual fee, but it also offers a myriad of travel benefits that offset that fee. These include an annual $300 travel credit, complimentary Priority…

  • Credit Cards

    American Express Announces Changes to its Platinum Card

    American Express today announced its anticipated refresh of benefits for the Platinum Card. The changes include new Uber benefits, 5x Membership Rewards for certain hotel bookings, and a new metal Card design. But the accompanying annual fee increase casts a rather large shadow over what are only marginal new benefits. The new perks will kick in on on March 30, 2017. At that time, the annual fee will be increased to $550 from $450 for new applicants. For existing Platinum Card Members, the new annual fee will take effect on their renewal date on or after September 1, 2017. Back in October, Amex announced its last set of enhancements to Platinum Card benefits and…

  • Travel Rewards

    Double-Dipping the Chase Sapphire Reserve Travel Credit

    NOTE: For applications after May 21, 2017, Chase has changed the date that the Reserve’s annual travel credit resets from each December to the first statement after your account anniversary. If you applied prior to May 21, 2017, the information in this post still applies. For those who applied more recently, please refer to the double-dipping information in this updated post. One of the most generous benefits of the Chase Sapphire Reserve credit card is its $300 annual travel credit. Even better, during the first year you have the card, you can receive the full travel credit twice–that’s $600–while paying only one annual fee of $450. You will have more…

  • Credit Cards,  Travel Rewards

    Amex Announces New Platinum Card Benefits

    After recent buzz about potential new benefits coming to the Platinum Card, today American Express announced the changes. Beginning October 6, consumers with a Platinum Card from American Express will receive 5X Membership Rewards points on airfare booked directly with airlines or through American Express Travel. Also, Business Platinum Card Members will now earn 50% points back (up from 30%) when using Membership Rewards Pay with Points through American Express Travel to book an economy flight with their selected airline or a first or business class ticket with any airline. In addition, Business Platinum Card Members can earn 1.5X Membership Rewards points per dollar spent on any individual purchase of $5,000 or more. “Our new…

  • Credit Cards,  Miles and Points

    More Negative Changes to Citi Prestige Coming

    In an earlier post, I wrote about Citi’s plans to discontinue complimentary American Airlines Admirals Club lounge access for Prestige cardmembers. Unfortunately, that was only the beginning. More Citi Prestige changes have been announced and they’re all bad. In addition to the loss of Admirals Club access, Citi is reducing the value of ThankYou points redeemed for flights, discontinuing the Complimentary Golf benefit, and reducing the value (in some cases substantially) of the 4th Night Free hotel benefit. All these changes are to take effect July 23, 2017. Citi Prestige Changes Access to American Airlines Admirals Club lounges will no longer be offered. After July 23, 2017, current cardmembers will…