I am very pleased. If you are new to travel cards, the above is an outstanding goal to shoot for and begin going for with your first travel cards. Well mostly that is. You should first go for the Chase BUSINESS INK Plus card for the bigger bonus then downgrade it to Ink Cash if you are not going to max out the 5x per year on $50k spend to avoid the fee (if they will not waive it for you, that is)!
I have spent hundreds of thousands of Ultimate Rewards points and even had the dive shop bill the diving to the hotel to get bonus value for my points. I loved this at 1.25 cents value each but now, with the Chase Sapphire Reserve I am getting even MORE since they are giving me 1.5 cents each when spent from that card. Plus, I will be using this card for booking all my airline travel and hotel stays (when there is no mega bonus to use another card) to gain 3x as well as all my dining out!
Think about it, I can extract 5x points on my INK cash card on a bunch of stuff I have to pay for anyway like phone, internet and TV plus really enjoy it when there is a chance to buy VDGCs for less than face value (like they had going this past week again).
Next, I will have a chance to, many times a year, hammer the Chase Freedom card (now known as the Chase Freedom Flex) 5x category up to $1500 each for max value and bonus points. I don’t always max them out but I try to. For example this past Q, since we do shop at SAMS a ton, I just got $1500 in SAMS gift cards and we will spend them over then next few months. Nice to get spend done in one visit!
Lastly with my Chase Freedom Unlimited card I have a fallback for just about anything else that will reward me with 1.5x points. It was a great card to downgrade to from my old Chase Sapphire card that I no longer need now that I have the Reserve card. Under the 5/24 rule with Chase, that is, you will not be approved if you have applied for more than 5 cards from any bank over the past two years they will say no to you, means that the downgrade route, while a pain, worked for me!
Sure there are still other cards I will use. For example I went a bit hog wild with AMEX offers yesterday using my Carrabbas (with the APP for more perks) as well as splitting payment on a $200 Mastercard gift card on two Delta AMEX cards to get each one to trigger $20 credits and have 3 cards at Lowes that were targeted for $30 back when I spend $150 (they have a sweet gift card rack as well).
That is not to say there will not be other cards I still use for other things. Clearly I like Membership rewards as well and have my non-Delta Platinum Card from American Express as my default payment for UBER charges. I love things, like those I bill to INK, to be “set it and forget it” for max rewards.
Then there are other cards I use to really help discount my travels. I still use my FlexPerks card at my local grocery store as well as for gas as 2x points results in a max value of 4% back and that is hard to beat. Oh, and I am getting 3x or 6% back on all my KIVA loans I do each and every month. I don’t pay for my positioning flights on mileage runs I take – I let FlexPerks points take care of that for me. 🙂
The card I used to just love, that is the Barclays BANK Arrival+ card I would almost always pull before they all but destroyed it as a card of choice for me. I still suggest looking at it for the new card bonus but then, after you have spent that, look at getting the standard Arrival (again enjoy the bonus) and then keep that one since it has no annual fee and you can use it chip-N-pin outside the USA at automated ticket machines etc. To me a must have travel card to hold.
So is that it? Is that “what’s in my wallet” for my spending? I still have to spend $60,000 each year on my Delta Reserve Credit Card from American Express (learn more) so during the first few months of the year I do hammer that one often to the exclusion of some of the above as I value both the rewards of being MQD exempt by spending at least $25,000 on it each year as well as the MQMs for the 30/60k spend levels on the card. But I can mix up spend on that and I do pay my taxes both quarterly and yearly and that knocks out a bunch for me.
As you can see, it takes a little thinking and planning on what cards you will “pull” but Chase has really made it simpler for me to pull a Chase branded card more and more. Plus, 3 of the cards at the top of this post have no annual fee. The last, after my airline credit, net cost me just $150. I will pay this FOREVER as long as they don’t change the benefit and perks of the Reserve card!
What do you think? Like my mix. Is it similar to your wallet? – René
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