In this episode of Revolutionizing Your Journey, DeAndre Coke sits down with Dave Grossman, founder of MilesTalk & YourBestCreditCards.com, for an in-depth discussion on the evolution of luxury credit cards and how travelers can maximize rewards while maintaining financial responsibility. Dave shares insights from more than 20 years in the points and miles space, breaking down the current state of premium cards, including Citi’s new Strata Elite and the enduring value of the Chase Sapphire Reserve. The conversation explores the benefits and drawbacks of different cards, how to diversify your portfolio, and why having an exit strategy is essential to avoid unnecessary fees. Dave also emphasizes that while premium perks sound appealing, most consumers underutilize them, making it crucial to align card benefits with actual travel and spending habits.

Key Highlights:

• Industry Experience: Dave Grossman has been involved in points and miles for over 20 years.
• Luxury Market Shift: Premium credit cards have evolved with new benefits and higher fees.
• Citi Strata Elite: Offers strong perks but requires booking through Citi Travel to maximize value.
• Chase Sapphire Reserve: Remains one of the best options for frequent travelers seeking flexible rewards.
• Value of Perks: Most consumers don’t use enough benefits to justify high annual fees.
• Diversification Strategy: Building a mix of cards across issuers helps optimize redemptions.
• Financial Responsibility: Overspending to chase perks can quickly outweigh rewards.
• Exit Strategy: Downgrading cards can preserve points and credit history while reducing fees.
• Average Consumer Behavior: Many cardholders utilize only a fraction of the available perks.
• Practical Tip: Always evaluate if premium card benefits align with your real travel goals.

Resources:

• Book a Free 30 minute points & miles consultation
• Start here to learn how to unlock nearly free travel
• Sign up for our newsletter!
• BoldlyGo Travel With Points & Miles Facebook Group

Interested in Financial Planning?

• Truicity Wealth Management

Some of Our Favorite Tools For Elevating Your Points & Miles Game:

Note: Contains affiliate/sponsored links

• Card Pointers (Saves the average user $750 per year)
• Zil Money (For Payroll on Credit Card)
• Travel Freely
• Point.me
• FlightConnections.com
• Thrifty Traveler Premium
• LTH Online Points & Miles In Depth Course: 
• Use coupon code "BOLDYGO" for a 50% discount!

Connect with DeAndre & Taryn: 

• Instagram: BoldlyGo.world
• TikTok: BoldlyGo.world 
• Website: BoldlyGo.world
• YouTube: BoldlyGoWorld
• YouTube: BoldlyGo.Travels

Connect with Dave Grossman: 

• Instagram: MilesTalk
• Facebook Group: MilesTalk
• Website: milestalk.com
• Website: yourbestcreditcards.com