What Card is Right for You? with John from @JohnsFinanceTips | Ep 163

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Hey there, points people! Today, I'm chatting with John from @JohnsFinanceTips.

John, gives his story how he went from a college student leveraging 0% APR credit cards to becoming a full-time content creator.  We discuss the nuances of the credit card ladder, starting from secured and student cards for beginners, moving to mid-tier cards like Chase Sapphire Preferred, and scaling up to premium cards offering extensive travel perks. John emphasizes the importance of aligning your credit card choices accordingly to maximize rewards for whatever your situation may be.

John and I also explore the upper echelons of credit card tiers, where annual fees skyrocket, but so do the luxury benefits. We delve into the elusive realm of ultra-premium cards like the American Express Black Card and the JP Morgan Reserve, discussing their high barriers to entry and the exclusivity they offer. John shares his philosophy on credit card points - to earn and burn - stressing on the importance of utilizing points before they devalue. He also sheds light on the importance of being aware of your 5/24 status and strategically planning credit card applications. 

For those diving deeper into the world of points and miles, consider the Chase Sapphire Preferred Card. It's a staple for seasoned and new travelers alike.

Remember, if you decide to apply for the Chase Sapphire Preferred or any other card, never apply directly through Google – always use a friend or creator’s referral link.

If you are interested in supporting this show when you apply for your next card, check out geobreezetravel.com/cards and if you’re not sure what card is right for you, I offer free credit card consultations at geobreezetravel.com/consultations !

And we have the links to the Chase Sapphire Preferred and the free consultation form for you in the show notes as well. And now, on with the show!

➤ Check out the Chase Sapphire Preferred Card HERE

➤ Waitlist for The Points Accelerator

Timestamps:

0:00 - Introduction

3:19 - Introduction to Point.me 

4:35 - Discussion on beginner levels of the credit card ladder

7:39 - John’s career progression from college to content creator

9:26 - How John started his journey as a content creator

12:10 - Advice for those with low credit scores and debt

14:14 - Beginner cards for those with low credit scores

15:42 - Transitioning from secured cards to unsecured cards

17:54 - Cash out or save cash back rewards

19:03 - The Bilt card and its placement in the ladder

20:20 - Chase Sapphire Preferred

20:44 - Introduction to travel cards and earning points

22:04 - Introducing hotel and airline specific cards

23:22 - 5/24 Rule

26:09 - Discussing the role of business cards in the ladder

28:09 - Moving to the premium tier with higher annual fees

29:44 - Benefits of premium cards

30:23 - Transfer partners and limitations

31:02 - Prioritizing Chase cards and saving American Express for later

32:14 - Amex Rules

33:17 - Start with mid-tier cards, then move to Capital One and Citi

37:10 - Ultra premium tier: Amex Black Card and Chase Morgan Reserve

41:12 - Earn and Burn!

42:03 - Jon's next cards?

42:36 - Conclusion

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➤ You can find John on Instagram

➤ You can find Julia through her ⁠⁠Free Course⁠⁠ (includes hotel upgrade email template) | ⁠⁠Instagram⁠⁠ | ⁠⁠Credit Card Links⁠⁠ | ⁠⁠Patreon⁠⁠ | ⁠⁠YouTube⁠

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