Best Credit Cards for High Spend (Free Nights, Airline Status, Luxury Perks)
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- Опубликовано: 15 июл 2024
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Sebby, you are the best credit cards expert on RUclips.
:)
Truth
+ 1 !
Sebby you should do a video about what the ideal about to travel if you get travel cards. Like how often you’d get upgrades and so on.
I'm not high spend but I'm here !!! Lololol LETS ROLLLLLL 🤙🤙🤙🤙🤙
Great info as always, thanks!
Thanks for the support Sam :)
I enjoyed this video because it was very informative.
Glad to help :)
You’re the best Sebby!
Thanks for the support :)
Sebby really knows his stuff
Thank you
Taking notes, another great video Sebby.
Hi Sebby I'm 65 years old I'm retired U.S. Navy and we're just starting to get into all of this credit card points thing. we're also new members of Hyatt . So we have a Hyatt card from chase and just started a chase Reserve card we travel a lot by driving and fly about 4 or 5 times a year thanks for the Math I really need to learn that. Again thanks for what you do for us also we spend about $6,000.00 a mouth on our credit card hoping to stay at a lot of Hyatts
Hyatts offer great value, especially for people driving / doing roadtrips :)
If you want to talk strategy for upcoming cards: www.asksebby.com/free-card-consultation
I have the Jetblue Plus card and thought you should know Barclays does not offer a downgrade path to all holders of this card. Only some cardholders are offered the downgrade option and not all. I know you did a video on downgrade paths some time ago. I was actually told to cancel and apply for the no AF Jetblue card. Really strange
Thinking about ditching the Bonvoy Brilliant before renewal, and just sticking with the Business Platinum. I only need one premium card, and with the continuous Bonvoy cuts, I can use my BoA Cash Rewards card instead. Not into keeping cards that I don't actually use, even if I could save a bit on one hotel night a year.
You can also downgrade to the $95 annual fee Amex Bonvoy (grandfathered one). YMMV if you can use the 35k certificate. Some people downgrade and time upgrades to double dip Marriott credits (pay $450 to get $600 in Marriott credits).
It probably isn't worth the effort / stress for most people though (or risk if they decide to flag for this behavior).
it’s been too much time since I’ve been one of the first to comment 😭 it’s sebby squad algogang time! 🙌🏽
Notification squad!! :)
Barclays 6/24 isn’t a hard and fast rule. I got denied for 6/24 last year and I got approved for the AA card after about 8 months and I’m still at LOL/24.
Did you mean to leave that long exasperated sigh in the final edit? Because when I was watching it came up right before RUclips started playing another ad and the timing was just *perfect.*
RUclips has AI that looks for breaks in audio to put in ads
Quad Delta Reserve/Platinum would put you over/at the Amex 4/5 card limit though.
Great video Sebby! Hilton Surpass makes a lot of sense to me; I already have the Aspire and stay at Hiltons most the time! I believe 15K spend on the Surpass gets me more value than spending the same amount on my BBP! 45K Hilton points plus a free weekend night vs. 30K MR points!🤔 I currently put about $25K per year on my BBP.
I could see the case for the BBP if you don't like hotels (many people from the sound of it) and you valued premium cabin flights.
Ask Sebby I think I’ll split the $25K spend; $15K Surpass and $10K BBP.
1Drummer - sorry for silly question, what is BBP? I have Surpass too, and hit the $15k on gas, groceries, and Hilton spend. It's a good card. Can't justify getting the Aspire card yet though.
Oh what perfect timing as I have some huge expenses coming up soon. I could really use a couple of these cards. Will they be my first credit card application in 2020?
The Same video for Business Cards Will be great!!
I did include some business cards in here (Amex BBP and Amex Hilton Surpass Business).
If you want to skim (it's a long video!): www.asksebby.com/blog/best-credit-cards-for-high-spend
Sebby: I think you may have missed one. The citi double 'cash' card. While a 2x card, the 2x can be converted to transfer partner points or if you have the citi premier can be redeemed for 2.5x as the citi premier has a 1.25x multiplier on points used for travel. Keep up the good work!
Yep, I didn't include the obvious ones (CFU, Citi DC, CIU) but probably should have :)
I was thinking the same, but the benefit of the high spend with the Hyatt card in particular is the chance at points plus the free night and chance at Globalist status and milestone awards without actual paid stays. For a Hyatt loyalist, this is a super option.
Woooossaahhhh at 11:50
I spend a lot of money on grocery shopping and online shopping. Is there a good card for these categories?
Can we get a video on traveling with companions? I've always gone myself but now considering player 2 strategies. Thanks.
Player 2 strategies covered here: ruclips.net/video/qbDZ6HPtDe4/видео.html
If you want to talk specific strategies: www.asksebby.com/free-card-consultation
$50K spend for Mosaic is by far the best value. perks you didn't mention that are HUGE are that flights become refundable, unlimited free drinks on board, the EMS is for everyone on your reservation! Also, if you earn status this year you get it for 2021 which is supposedly when they will offer flights to Europe so you'll get EMS for those long international flights. I have also heard some people are getting the 15,000 bonus (YMMV). Last big benefit is that say you can put $50K on the card by March or April, you'd earn status for a year and 6 months, and with that status you're eligible for status matches (Southwest) and status challenges. All the other big spend options respectfully are much worse IMHO
EDIT: Another benefit of Mosaic is when you have a delay and they try to tell you you're not eligible for compensation because it was officially a weather delay (even when everyone knows the crew timed out), they will actually give Mosaics compensation if they call as opposed to not having status. The free change and refundable is also huge because whenever a flight goes down in price you can effectively get the difference in price back. The free same day change is also HUGE because that means you can change your flight to any co-located airports, so any LA airports, LGA-JFK-EWR, you name it. So in practice you can buy the cheap LAX-JFK flight and then change it to ONT-LGA which if probably much more expensive
The ability to refund is an amazing perk and I wish more airlines did that for elite members.
Is there any updates on this category seby. Also what about for parents who have bills but don’t use travel credits too much?
Hey sebby, would you pick bonvoy brilliant over Hilton aspire? And does it make sense to get those over Amex platinum?
YMMV? ruclips.net/video/k5fKujyPGxQ/видео.html
Amex Platinum has a fundamentally different value prop.
JetBlue Plus and the Hyatt card make sense for most people trying to hit status. Delta Reserve depends if your airport is a Delta hub where lesser status wont help you and it would force you to go for Gold or Platinum to have a chance at getting value. Is it worth it to shift all that spend to it for Skypesos? Its harder to justify.
JetBlue Plus is interesting via Plastiq for mortgage route, especially with frequent 1%/1.5% promos.
The case for the Delta to me would be pushing for Platinum or Diamond given the choice benefits. 1 for the Platinum and 4 for the Diamond.
Very, very niche use cases though :)
The Hyatt card is my goto spend non-category spend card. I would have considered the JetBlue Plus (esp with the 100K mile offer in Nov 2020) and the race to mosaic status, but they burned me. They had a huge customer service failure by double charging me for one of my bags when i checked in online before driving to the airport. And they wouldn't refund me the fee (they also charge a higher fee for checking your bag in at the airport then online). Also their operational flow is not up to par. Most of their flights are delayed. Delta has the best running operation when it comes to ontime dep/arr and not cancelling.
I simply use Gold and Platinum for non-category spend because of the transfer partners.
It definitely works if you want to keep it simple.
"in the US, they really don't care"...this statement pretty neatly sums up why smart hotel credit card users work toward point redemptions and paid stays in places like East and Southeast Asia, and ignore the US
Strongly considering the Hyatt as an everyday spend card. But would love you take on when to use this vs my everyday spend Sapphire Preferred card.
Same question here
There's an argument for using the CSP as an insurance card (primary CDW, trip delay, towing, etc.)
Hyatt is a pretty compelling everyday card though :)
Ask Sebby - thanks folks. Good timing on this topic. It's been a year since applying for a card, looking for my next card or where to put spend. I have the Hyatt card, but thought it came with a free night after anniversary. Didn't realize the $15k spend requirement. I can hit that. Hilton Ascend/Surpass card also has a $15k requirement (which I hit with gas & groceries, in addition to Hilton stays). I'll call Hyatt to clarify benefits on mug card, thanks again! 👍
@@dandawson8128 It does come with a free anniversary night and you get another night for $15k spend
René S. Shabastari - thanks Rene, good to know! 👍
Daycare alone for me is 10k. Was thinking of getting the Amex business blue plus. Daycare don’t take Amex :(. So sticking with the freedom unlimited. I might try the Hyatt card next year for daycare.
Intro bonuses might be a good play :) If you want to talk strategy: www.asksebby.com/free-card-consultation
I’m so glad you mentioned going after status if it doesn’t benefit you, I’m starting to realize that. I’m more likely to use Airbnb’s for international travel and don’t need high end hotels. I mostly get more value outside of where I’m staying and multiple trips a year so for me my value is points towards cheaper flights and credits.
Hi Sebby, since I’m fairly new to the Amex family ( I have the Delta Gold Skymiles) should I just apply to the Amex Green and work my way up? I think with the 2 combined my Utilization will be between 0-10%. I would use it for my bills and everyday spending .
You don't need to "work your way up" with Amex. Many people start Amex -- as in their first card -- with the Platinum.
I think you missed on three important benefits that should be considered for the jetBlue Plus Card that add to the total opportunity equation.
1.) you get 15000 additional pts after you reach $50,000 spend and earn Mosaic.
2.) you get 10% refunded on all the pts you do use.
3.) the most important. With Mosaic you essentially always pay for the cheapest available flight for the day you are flying because of the ability change flight within 24hrs of departure. This one really adds up for me in savings.
In all, when you add up benefit 1 and 2 the math should really be:
65,000pts x 1.1 = 71,500 x $0.015 = $1,072.50
(Sorry for the math, I’m a nerd, lol)
You should've included the Citi Double Cash + Premier combo. 2% transferable to partners or redeemable at 1.25 through the portal is a very good deal.
Definitely on the table along with the CFU, CIU, and Amex Platinum Business (for $5,000+ transactions).
You use these credit cards sebby?
re hyatt. might be better to put non cat spend on cfu and transfer. if you're earning status thru spend, you're likely not spending enough nights for the elite benefits to be worth more than an extra .5 hyatt points on huge spend numbers. it might be better to just get the extra .5 ppd and outright pay for the benefits by booking an club level room for lounge access and breakfast or something. the only catch is that it might not be an option to upgrade or book those rooms on points. breakfast is easy to buy and is lounge access in a hotel really worth all that hassle? the 2 elite nights/$5k is mostly only worth it if you're already putting in a good amount of nights and only a few away from hitting globalist or something
Agreed for the most part. I mostly ran the numbers as a thought experiment (or for people who want to say bonvoy to Marriott but don't want to start at zero).
Same with Delta (discussed towards the end of the video) -- you "technically" can get to Diamond through spend only but it's hard to justify.
Sebby what are your 2020 keeper cards, since so many have changed their benefits?
Most of my keeper cards are hotel cards, which have stayed (relatively) static.
I'll do an updated video soon :)
Sebastian Squuuuuuad!
Notification squadddd!! 🙌
I want the aspire card but can’t since I am waiting for the 100,000 offer from Amex platinum. Hopefully will be soon or they increase the bonus to like 80-90,000
I was able to get 75k MR for platinum. I had gold card when they offered me that
Have you checked CardMatch? :) www.asksebby.com/blog/august-roundup
Hi bro i will be happy if u make a video for someone new like me i am 4 months old on CC i have one BOA secure credit and capital one now bit both with low limit any advices for new starter like me thanks
Let your stuff age: ruclips.net/video/mPvFXDIrQX4/видео.html
FIll in the remaining 3 slots with Chase (Freedom/CFU, CSP/CSR, Hyatt/IHG/United/SW Priority).
If you want to talk strategy: www.asksebby.com/free-card-consultation
Quick question is it better to pay your credit card balance in full before the closing date (to report a zero utilization ) or bring the balance down under like 10% let it post as a statement balance and then pay in full the next day ?
I can make a new video to cover this but I've discussed it a few times:
a) ruclips.net/video/2F740l1hOpU/видео.html
b) ruclips.net/video/dlIwa-VkzRU/видео.html
Very well done Sebby. So I just got the Aspire card, and product changed my surpass card down to the no AF card. Looking forward, I may go back to the surpass card next year for the 15K spend for a free night as that makes the most sense to me. Some of those examples are way out of reach for me.
Yep, the range here is definitely pretty drastic ($15,000 for Surpass to $250,000 for Delta Diamond status).
Depending on your travel and your liquidity, it might make sense to check for an upgrade offer for the Surpass (you can have 2 Aspire cards): ruclips.net/video/CLF9HVNFBRc/видео.html
Link to see if you have an upgrade offer (log in first): online.americanexpress.com/dapply/partner/preacq/hil/hhas-upg-84/cmupgrade/carddetails#/cshop
I hit 15k on the ascend card and didn't even use the weekend free night. I didn't realize it expired at the end of each calendar year and lost it. It sucks but be aware.
It's 12 months from issuance, per the terms: "A Free Weekend Night Reward expires within one year from the date of issuance and must be redeemed on or before the expiration date."
Source: www.americanexpress.com/us/credit-cards/card-application/apply/prospect/terms/hilton-honors-surpass-credit-card/25330-10-0#offer-terms
What miles card do you recommend for newbies? I fly AA mainly and would prefer one of their cards since I already have miles but I'm nervous they will reject me. I'm currently in college but I want to gain miles for travel.
If you're just looking for an AA, apply for a Citi/Barclays and see what happens?
If you're playing the long game: www.asksebby.com/free-card-consultation
I'm actually thinking about things like Barclays AA Aviator Silver because I'm after AA status and it's a MasterCard. Using plastiq for mortgage purchases don't work for Visa or AMEX. I already travel alot for work but not enough by plane to get some of the top tier status. I'm hoping to ensure Platinum Pro status by EQD and EQM boosts. I would've done Delta and AMEX if I can use mortgage spend.
I also know that I'm in the very small minority. YMMV
That makes sense, especially if you're looking to top off :) What's been your experience with AA? Out of Baltimore right?
@@AskSebby Yeah I'm out of BWI. AA has been good. I personally like Delta because the hard product on domestic is better. I fly often to my work's HQ near DFW (an AA hub) so AA works for me. I feel like alot of airline status hunting is taking advantage of your routes.
Is there a reason why you wouldn't recommend barclays American airlines cards
It's definitely an option. I wanted to keep the video a reasonable length. There's also a case for the Chase United cards for PQPs.
The Delta deep dive felt pretty... intense for non-frequent travelers already though. Adding UA and AA sounds like a mistake (I could be wrong though!).
Not well advertised but spend 40k on Chase IHG premier gives you Diamond Elite. Which Diamond Elite gives weird perks; not sure if worth. Found this on accident
Hilton status would be great if the points weren’t worthless. Marriott status not super helpful but I can accumulate more useful points faster
Hilton is very "go big or go home" in my experience. I feel like the Aspire earns pretty quickly compared to Marriott though.
I'm a pretty big fan of JW and StR :)
Ask Sebby I haven’t been bonvoy’d yet but I know it’s coming - when it happens I’ll probably get the aspire card
What's about Lufthansa miles & more card? Is it worth it?
I don't see any benefits that would align with "high spend" outside of the intro bonus.
Beautiful video!! WE LOVE YOU SEBBY!!! I hope my videos are as good as yours someday!!!!
Master card gold is obviously the winner here 😉
🤣
Best card for high spend who does not travel by plane or stay in many hotels? Already utilize 5% categories on Chase, debating Discover IT for more categories or Bank of America Cash rewards to select my own categories. Would love an unlimited 3% card all categories with no restrictions.
I think the best you can do is 2.625% all categories (3.5% dining and travel) on the BofA Premium Rewards. Requires Platinum Honors status with BofA.
BofA System works but has spending caps (depending on how high your spend is): www.asksebby.com/blog/bank-of-america-duo-credit-cards-for-high-net-worth-individuals
😀
I have a 800 Credit Score and I just cancelled a credit card with a $59 annual fee. How much does that affect my score?
Depends on what the credit limit was and the age of the account, because credit utilization and average age of accounts matter. But it just won’t matter so long as your score remains above 750, which I’d bet it will. Once you’re above 750...congrats, time to stop obsessing about your FICO because higher scores than that just don’t matter.
Discussed here: ruclips.net/video/zb17MeeXNVQ/видео.html
I have a credit score of 832. Ha!
Does the status reset every year?
Jose Jimenez , Yes. With delta they have rollover MQMs. That means whatever amount over Silver, Gold, etc, you are, it rolls over. Ex: If you're at 48K MQMs, 23K will rollover to the next year and you're that much closer to staining status again. If you fall to make status for the next year, your current status disappears on 31 Jan.
Status for most airlines/hotels is for the year that you earned it (i.e., 2020) and the year afterwards (i.e., 2021).
Many also have weird cut-offs (so instead of Dec 2021, it would be 1 month after... Jan 2022).
@@AskSebby Thank you
@@roburb73 Thank you
Ehh this video doesn’t help me very much. I spend at least 8-15k a month and don’t know which card to get. Don’t care about miles… maybe hotels?
Got a travel card before Christmas and now can’t travel because of coronavirus. What luck
I would avoid Asia but tons of other options (i.e., Europe).
Oh snap, I'm early. Heart for me, Senpai Sebby?
Titąn Nguyen you beat me. Not cool. Haha
🥇
Bro I want a video for high spending. 10k a year is peanuts. i want something that is at-least 20k a month