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Posted on 6/19/19 at 9:31 am to LSUDbrous90
While I agree that there are other ways to maximize points, there's no way you're "getting a new chase card every 2 months for the bonus". If you are, you just started recently or you are using some aliases or spouse/family members. 5/24...
I churn a card or 2 each year for bonuses, but I get most of my points from work travel. As far as the credit ding for cancelling a card, it's way overblown and is usually a short term minor hit. If you have good credit, it's no big deal at all.
I churn a card or 2 each year for bonuses, but I get most of my points from work travel. As far as the credit ding for cancelling a card, it's way overblown and is usually a short term minor hit. If you have good credit, it's no big deal at all.
This post was edited on 6/19/19 at 9:34 am
Posted on 6/19/19 at 9:35 am to speckledawg
quote:
While I agree that there are other ways to maximize points, there's no way you're "getting a new chase card every 2 months for the bonus". If you are, you just started recently or you are using some aliases. 5/24.
This is what I was trying to figure out. Let's say you team with your spouse and neither of you is on the other's account, that's still 10/24 and let's say an average of 80k points per card that's 800k points.
He said he's at 1 million points. He's saying he is not a big spender, but still spent 100,000 a year? Or even at 1.5 points that's $66,000/ year. That much on a Credit card is still a ton.
Posted on 6/19/19 at 10:33 am to baldona
quote:
you don't travel for work, don't make over $2ook a year, or don't have a small business you own with a card then CC points can be very overrated honestly. You have to play the points game HARD and as said continually get sign up bonus's. IMO not worth it.
This is just false. I don't check any of those boxes and I haven't paid for a plane ticket in a loooong time. I travel maybe 2-3 times a year.
If you have a good card with multiplier's, such as the Sapphire Reserve with 3x's dining, coupled with the Chase Freedom that gets you 5x's in rotating categories, and a few tricks, you can rack up points easily.
The above is the best combo of cards IMO, at least for a relatively new person to the points game.
Add in like one new card churn a year for a points bonus and you'll have plenty to take a trip or 2 on each year.
In the past 3 years I've paid for international flights to Asia twice, Europe, and at least a half dozen hotel stays solely on points.
Posted on 6/19/19 at 10:42 am to MissTiger91
quote:
How do normal people win at the travel points game? Here's my situation:
The first thing I'd do is open those two cards I mentioned in my post above. You'll get 50,000 points from the reserve, while the Freedom is a free card and just worth having for the 5x's categories.
The Chase ultimate rewards portal has awesome value if you transfer all of your points to the Reserve card. Put everything dining (and that includes bars) and travel related (even Ubers) on that Reserve card. Make sure you know what the rotating categories are on the Freedom and try to maximize that as much as possible.
Posted on 6/19/19 at 12:38 pm to VABuckeye
quote:
These rules will only get tighter over time.
I think they will loosen in an economic downturn when the customer base shrinks again.
Same from the airline perspective.
However, they all did learn a thing or two on how to tighten belts after 2009.
Posted on 6/19/19 at 12:41 pm to rintintin
The argument can and should be made to get the Preferred before the Reserve if you're maximizing sign up bonus. For whatever reason the Preferred bonus has been better than Reserve's for quite some time and sometimes by 20/30k points. Also cheaper, $95 vs $150 (after $300 credit, leaving out $100 GE credit)
This post was edited on 6/19/19 at 12:42 pm
Posted on 6/19/19 at 1:49 pm to rintintin
quote:
Add in like one new card churn a year for a points bonus and you'll have plenty to take a trip or 2 on each year.
Sure, I mean if you get a new card yearly with 50-100k points and spend let’s say spend 50k a year you can get 100,000-150,000 points a year worth $1200-2000.
It’s certainly possible with airline miles to work some magic and transfer them over to certain routes where you can get fantastic deals.
Or you can get 1% cash back which would be $500 and have no restrictions. $1000 is not chump change. I’m simply saying that you have to really hustle to get there if you are your average person.
The people that really acquire a ton are those that fly and stay in hotels or spend a lot.
This post was edited on 6/19/19 at 1:51 pm
Posted on 6/19/19 at 5:54 pm to Teddy Ruxpin
quote:
The argument can and should be made to get the Preferred before the Reserve if you're maximizing sign up bonus
Does the Preferred get the same value in the Ultimate Rewards portal as the Reserve?
Posted on 6/19/19 at 5:59 pm to baldona
quote:
you can get 100,000-150,000 points a year worth $1200-2000.
I'd say that's worth a few hours of your time, although I value travelling much more than some people might, and that's all I use points for. For someone who doesn't you're probably better off just getting a 2% cash back card and forgetting about it.
But I wouldn't really consider doing what I proposed as "hustling". It literally takes a few minutes to open a new card, and then just being aware of what the point categories are.
Posted on 6/19/19 at 6:37 pm to rintintin
quote:
Does the Preferred get the same value in the Ultimate Rewards portal as the Reserve?
No, but you can always product change to Reserve after year one if you want.
I don't use the Chase portal much as it is since I'm using points for international business class.
Just hit Amex Plat 100k and Amex Gold 50k offers for my wife the past two months. So good start to our MR balances. Now just need 100k offer to show up for me too. Can only manage 75k.
This post was edited on 6/19/19 at 6:40 pm
Posted on 6/19/19 at 9:33 pm to MissTiger91
I have a company Amex I buy all my construction material with when building homes. Vacations have been paid for years with those points.
Posted on 6/19/19 at 11:16 pm to Teddy Ruxpin
quote:
don't use the Chase portal much as it is since I'm using points for international business class.
Ah gotcha. I'm not quite on that level yet.
But I'd say for the average Joe the UR portal has some pretty damn good deals from my experiences. I use it often.
Posted on 6/20/19 at 7:48 am to MissTiger91
quote:
Should I stick with just one airline and one hotel?
Certainly that's a big part of it. I use my Airline credit card for a lot of travel to amplify some of this.
quote:
How do non-OT Ballers travel and maximize points?
Frankly, there are a lot of websites that will detail how to get a million points without flying and all that, but may require more effort than you want to put out. However, they may have some tips you haven't thought of.
Posted on 6/20/19 at 7:55 am to rintintin
Yes, I agree the Chase UR portal is great for economy flights at least. Wait for a great deal and then book through the portal and your points will go a long way. Example would be a JFK to Milan ticket that I booked recently through Chase UR for only 15K points on American Airlines.
Posted on 6/20/19 at 4:48 pm to baldona
quote:
Admittedly I’m not great at this, but I don’t see how your math adds up at all. You have 1.3 mil points when cards maybe average 80k sign up bonus, how many Chase cards did you go through? There’s not that many. And Hilton? There’s what, 2? So you spent at least $40,000 on your Hilton Card? I’m not saying you are wrong, please educate us? And again, there’s only so many cards and you only get the sign up bonus once. So you’ve burned through Chase basically for life. I’m still not seeing how you get to 1.3 mil points in 2 years without spending a LOT.
Alright, the short version here. Lets just look at Chase UR for simplicity and forget Hilton and United. I started in March of 2017 with the Reserve (100k bonus at the time). Since then I got the Ink Cash and 4 Ink Preferred. Ink Cash was 50k and by self referring each time for the Ink Preferred thats 80k+20k=100k/card. I also got 2 United Chase cards but thats United points. So that totals 550k UR points. My wife also got the Reserve (100k), Ink Cash (50k), and 3 Ink Preferred (300k). We pool all of our points on the Reserve for the 1.5x redemption. So in total that is 1 million points. Throw in 2 years of spending for points, a referral or two elsewhere, and redeeming the points on trips my UR balance sits at 989k for a total UR value of $14,835.
I get a new Ink Preferred (current card of choice) about every two months switching between my wife and I once we hit the signup bonus with normal spending. Chase business cards do not apply to 5/24 unless it is your 5th card. Im like 1/24 right now. You can continue to get them as long as your 1) application velocity is low (every 2 months works for me) 2) total credit limit with Chase to income ratio stays below 50% (rule of thumb). I cancel the Preferreds after the annual fee hits after one year. Keep open or downgrade the others. Literally 10 minutes of work every 2 months to check for no rule changes and to apply for another card. I don't manufacture spend or any of that extra stuff.
Your assumptions about getting too many Chase cards, getting the signup bonus once, and burning through Chase for life are just not correct. There are certain rules and ways to go about it. Im not even what people would call an advanced churner or anything. Some people use manufactured spending and all kinds of crap and are getting 30+ cards a year which I dont have time to do or figure out but my method is simple and easy. If you have anymore questions or anything just reply to this message and I will be happy to answer. If you need your first ink preferred there is a referral link below.
Earn 80,00 bonus points with Chase Ink Business Preferred. I can be rewarded, learn more.
Ink Preferred Referral Application
Use this flowchart to help you figure out which cards to get: CC Flowchart
This post was edited on 6/20/19 at 4:57 pm
Posted on 6/20/19 at 4:52 pm to speckledawg
quote:
While I agree that there are other ways to maximize points, there's no way you're "getting a new chase card every 2 months for the bonus". If you are, you just started recently or you are using some aliases or spouse/family members. 5/24...
Read reply above. You can't "use an alias" because your applications are tied to your SSN. I switch between my wife and I but in two years even if I did not count my wife I would still have 600k or 700k Chase points accumulated good enough for $10,000
Posted on 6/20/19 at 4:55 pm to baldona
quote:
This is what I was trying to figure out. Let's say you team with your spouse and neither of you is on the other's account, that's still 10/24 and let's say an average of 80k points per card that's 800k points. He said he's at 1 million points. He's saying he is not a big spender, but still spent 100,000 a year? Or even at 1.5 points that's $66,000/ year. That much on a Credit card is still a ton.
Like I said above business cards do not count towards 5/24 unless it is your 5th card. When I say im not a big spender, I put 4k-5k/month on credit cards.
Posted on 6/20/19 at 5:02 pm to MissTiger91
I learned pretty quickly I don't travel enough nor spend enough to make using points for travel worth my while, so I just use them for cash back mostly.
Posted on 6/20/19 at 5:10 pm to LSUDbrous90
quote:
. Since then I got the Ink Cash and 4 Ink Preferred. Ink Cash was 50k and by self referring each time for the Ink Preferred thats 80k+20k=100k/card.
Bruh, this is some pretty damn in depth hustling.
I don't understand though you are saying you are getting Multiple Ink preferred cards? I thought it was a one time thing?
For both business and personal, I have a ton of things that are on autopay: cable, HOA, etc. It would certainly be more than 10 minutes of my time, not to mention to cancel.
quote:
I put 4k-5k/month on credit cards.
And like I said, that's $60k a year on a card. Once you submit to a 401k, pay a mortgage, and all the other things that don't allow a CC payment then for the AVERAGE person you are looking at $150-200k/ year salary.
ETA: And, look, props to you.
That's a job well done. I pay $25,000+ a year in credit card fees for my business. So frick them. I need to step my game up I guess.
This post was edited on 6/20/19 at 5:14 pm
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