0:55 Ranking Bank Points for Domestic Airfare
We’re talking about deeply discounted airfare, not FREE airfare. Every one of these programs has a cash out path–that’s great1:45 Overview: Highs and Lows of each Program
Talked about the most online, but not as valuable as Amex to usMuch more straightforward than Amex1 Cent per Ultimate Reward point earned (easy cash out on all card)5x earning on Office Supply has been around for a long time. Earning at high rates, transferring to a CSR/CSP Easy to use Domestic Partners in United and SouthwestTravel Portal booking is not ideal but does have upliftEarning with high multipliers and sign up bonuses works well5/24 limits the number of cards you can getCan co-mingle points6:30 Southwest (W/ Chase UR)
Points have become less useful as Ticketless Travel Funds (TTF) have become permanentLess transfers from UR->Southwest because TTF are so plentifulIf transferring , the best way to earn is still NOT on the Southwest credit cards. 7:43 Booking with the Chase Travel Portal:
Price inflation is real (American, others) Be sure to check google flightsCan see inflated prices on flights, issues when canceling1.25 cents per point / 1.5 cents per point (20% - 33% discount on travel)Sometimes just taking cash back at 1 cent per point is the way to pay for travelThese points are not ‘free’Amex is so generous that they have changed subscribers’ livesTHE most generous bank with respect to SUB, earning bonuses and referralsThe default cash back amount for a MR is 0.6 Cents ($.006) per MR with a few exceptionsDifficult to get rid of these points. 12:41 Booking Travel with Amex MR
With such easy earning there isn’t a fast enough release valve sometimesTheir travel portal is horrible, but is mandatory for the 35% rebateInsider fares are lower fares than anywhere else. Extremely high annual fee cards needed to release points at high valueTo get good redemption rates with points you have to graduate to high annual fee cardsEither churn the card or pay the high annual fee (carrying costs) to get good valueDelta transfers are a great option – 1.1 cents in value per point, transfer 1:1Holding a Delta card gives a 15% discount as well, works out to around 1.25 cents per point. 16:26 Earning Membership Rewards
“They’ve gone crazy with the Sign up Bonuses” Easier to earn at a moderate level than Chase (or any other bank) Many high annual Fee cards, which come with many coupons/creditsNonstarter for someone just starting out. 18:55 Difficulties transacting with AMEX
Need High annual Fee Business Platinum for 35% rebate (approx 1.5 cents per point) Need High Annaul Fee Morgan stanley (1cpp) or Schwab (1.1 cpp) to cash out MR. Cannot co-mingle points across spouses, which means you need 2 of each of these cards!35% rebate only on airline of choice or business/fir