#136: Credit card expert Sebastian Fung joins Chris to discuss the current state of credit cards including recent changes to reward programs, and predictions for 2024. They also dive into topics such as misconceptions about opening multiple cards, whether its still worth chasing status, how to approach sign-up bonuses versus multipliers, credit cards with the most bonuses and more!

Sebastian Fung is a personal finance expert who runs AskSebby, one of the largest YouTube channels focused on credit cards and travel points. He is also the co-founder of Roadrunner Ventures and Cardonomics, a startup that helps creators automate compliance and make affiliate income from credit cards and bank accounts.

Link to Full Show Notes: https://www.allthehacks.com/state-of-credit-cards-2023

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Resources Mentioned

Sebastian Fung: Website | YouTube | Instagram | Ask Sebby Business

All the Hacks:

Rewards Cards

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Full Show Notes

(02:08) How Sebastian Got into the Points Game

(04:15) The Current State of the World of Points & Miles

(05:37) Is Chasing Airline Status Worth It?

(09:03) Thoughts on Hotel Status

(11:46) Status Program Changes to Expect in 2024

(13:20) Biggest Changes to the Credit Card Game

(19:54) American Express Pulling Out of Delta Lounges

(20:51) Credit Card Changes to Expect in 2024

(21:44) Sebastian’s Equinox Hack

(22:53) Earning Limitations Due to Legislation Changes

(24:55) Do Credit Card Companies Like Power Users?

(26:03) Chasing Welcome Bonuses vs. Multipliers and Bonuses

(28:41) Misconception about Opening Up Multiple Cards

(29:39) The Unpublished 524 Rule

(32:34) Cards with the Most Bonuses

(34:37) Cashback Cards

(36:20) Amex Membership Strategy

(44:20) Playing the Points Game vs. Cashback Cards

(46:11) Ways to Increase Spend to Hit Bonuses

(47:51) Different Ways to Use Points

(50:24) Best Airline Cabin Experience

(52:40) Using Delta Points to Get Good Value

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