Credit Card Rewards & Points General Thread

Now is a good time to check your Amex Offers on Amazon - after a fairly long hiatus since my last one, I just scored a 15% off up to $15 offer when using Amex points.

See my post from last September for a more in depth rundown on the process -

TL;DR: You can buy gift cards with this offer. :smiley: :credit_card:

BTW: Make sure you do NOT buy a Disney PLUS gift card, that is only for the streaming service, not for use in parks or Disney online. The DPlus cards are fairly obvious, but just wanted to point it out.

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OK, I am NOT seeing any Disney gift cards on Amazon.
Glitch or some weird thing I was unaware of?

ETA: I’ve always bought food GCs on Amazon, I guess.

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I remember reading before that Amazon only sells Disney+ giftcards- which we know how well THAT will work in the parks :joy: I can’t find any either so they must not be available for purchase through Amazon.

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If you pay even slight attention to the points and miles blog- and podcast-osphere, you very likely know that Chase has refreshed their Sapphire RESERVE card - a higher fee comes with a lot more credits to offset it.

But, the analysis on the changes is way beyond what I might do here - I’d recommend listening to the recent Frequent Miler discussions on it or your other favorite podcasterness.

BUT, I wanted to say here that along with the new Reserve release comes an elevated bonus of 100K Chase UR PLUS $500 travel credit on the portal. (That $500 is on top of the normal annual $300 travel credit included in the card benefits.)

New Referral Link Refresh Needed

Also, I see that they refreshed the personal links for the Sapphire cards, so if you have a link in the Liner Referral sheet for the Sapphire cards, you are going to want to use the refer-a-friend tool to create an updated link for yourself and add it there. (The old links are now going to a not-found page.)

While I think at the most simple analysis level: it is going to be more difficult for people to make the case that this new Reserve is worth the annual fee if you can’t make 100% use of at least a few of the credits it offers. BUT - if you are eligible, it is almost certainly worth thinking about getting for the elevated bonus. Then, when your annual fee hits next year you can decide to power through and keep it or simply downgrade to a Sapphire Preferred.

Which leads me to: the PREFERRED bonus is now back up to 75K Chase UR which is terrific for a $95 annual fee card.

There is also a new Business Reserve with a GIANT bonus and a GIANT spend needed to get it. If you can pull that off that spend, more power to you. :smiley:

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I saw some data points of people being approved for Ink cards faster than expected recently so went ahead and applied for one i canceled 2 weeks ago and was instantly approved! Worth looking into.

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Good reminder for me to cancel my current ink before the next annual fee. Thanks!

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Woohoo!

We’re about to finish our 2nd Venture SUB and I’m trying to decide what we should have DW open. Still not jazzed about the new Sapphire fee/perks/credits ratio, but we probably should have her grab it with the current 100K + $500 offer (and my referral.)

But, if not, I was thinking an Ink Cash - or maybe even wait a little for when we can cancel last year’s Ink Preferred cards and do that one again. :thinking:

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I’m relatively new to the points game so I’m still hazy on some of the nuances.

My biggest brain block is on when to cancel a card.

My DH and I both have Chase Sapphire Preferred at $95 per year each. DH’s card is renewing (tomorrow, I think) and we want to cancel his card to save the fee. He’s got about $70K UR points in his account and a negative balance (due to a refund) of around $900 (that is, a credit on the account—Chase owes us).

Is there any downside to canceling the card before tomorrow’s anniversary? Do we need to transfer those UR points (I’d move them to United miles) before we cancel? Does the negative balance complicate things?

Thanks for any advice!

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You need a Preferred card to be able to transfer points. So if you don’t have the Ink Preferred business card, you are going to want to keep the Sapphire preferred.

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You can transfer between people so you could theoretically transfer his points to you and then cancel his. But you will want to wait until the fee posts to your account and then just cancel before the due date of the statement that includes the balance.

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Is this the first year you’ve had the card?

If so, you want to wait for the annual fee to hit to finish off the year.
If you cancel after that but within about 30 days of the fee, they will credit.

If it is not the first year you’ve had the card, cancelling right now is fine.

BUT, IMPORTANT: Do you have have another Chase card that will hold the Ultimate Rewards if you cancel his Sapphire?

The most common plan - and usual advice is not to cancel the card, but product change the Sapphire to the older no annual “Chase Freedom with Ultimate Rewards” (aka “class Freedom.”)

While you won’t have all the transfer partners with the points sitting on that card, they won’t go away and can be used if he goes for another Sapphire.

Other option is to transfer his points to you if you don’t want to keep any card open.

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Thanks everyone!

Yes, this is the first year DH has had the card. I do remember hearing that that matters, but I don’t remember why.

Again, I remember this advice but not the reason for it.

He already has a Freedom Flex but it doesn’t have the same points power as the Sapphire, right?

Is there any cost to transferring to another person? I will be keeping my Sapphire Preferred card. I thought we’d just transfer his points to United Airlines since that’s what we almost always use our points for anyway.

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The reason you want to keep any new card at least 1 year is related to federal banking rules - paraphrased version: due to rules banks can’t make changes to a card in the first year so they are not fans of customers trying to close or product change. They will very likely claw back any sign up bonus for those that do.

The Freedom cards do not have the points transfer ability to partners that the Sapphire or Ink Preferred cards do.

But, when you hold one of those premium cards it unlocks the UR transfers again, so, say you do not need the points for a little awhile AND want to go for another Sapphire SUB, you can downgrade your current card, wait a week or so, apply for the new card.

Also: A nuance in my previous response: I did not suggest product changing to the Freedom Flex but the now-discontinued Freedom with Ultimate Rewards.

It is closed to new applications, but you can product change to it. Sometimes a Chase rep will say you can’t, but just hang up call again. (HUCA.)

Two reasons:

  • If you product change to that otherwise unavailable card you leave open the possibility of later earning a SUB on the other Freedom cards. (Although those cards’ SUBs are relatively puny and you may never decide to use a 5/24 slot on them. I have not.)
  • The older card is a Visa while the Flex is a Mastercard - so you can use the old Freedom at Costco if that matters to you. :slight_smile:

No cost at all to transfer within the household - if you have not done so already, you’ll just need to call or secure message Chase to have them connect both of your cards together. Once you do that, you can move points between your cards online whenever you want.

(I tend to move most points over to me since I hold most of the elevated hotel etc status, so almost always book things from my accounts.)

After all of that, I didn’t address the negative balance: I don’t think that matters at all in the scheme of things. But, if you did close the card they’ll likely cut you a check for the $900 sooner or later. Or, if you did the product change to the Freedom by don’t spend on that card to undo the credit balance, I’m betting Chase will also cut a check after a cycle or two.

Finally: I didn’t mention transferring to United - of course if you know you’ll use the miles there, that’s a good option to think about. The general advice there is not to speculatively transfer miles anywhere from a program like Chase or Amex etc because it is almost always better to keep your options open with the transferrable currency.

But, I’ve broken that rule myself - just last night in fact! (I moved a bunch of Chase UR over to Marriott since they have a 65% transfer bonus until midnight tonight. I’m keeping them out there for future Swolphin stays, hopefully 5-nights at a time to get the 1 free day when I book with points.)

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Whoops, meant to add this reply to my Deluxe it Up Thread… edited this to move it over there…

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That’s a very good reason to wait!

We just transferred all his UR points to me. (What do they do about the points earned on that negative balance, if you’ve already gone ahead and moved the points? I would think they’d want to claw back the points DH earned for that $900 spend. Not that’s it’s much $$$, in this case.)

Can you cancel your current card, wait a week or so, and apply for a new card with a new SUB? Both seem very sketchy!

Thanks again for sharing all your know-how!

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Yes done all the time in the points world.

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I guess we’re just a sketchy bunch.

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Have you ever read about the shenanigans banking institutions have pulled? Sketchy folks like us that maximize rewards are a rounding error in some of the stuff they get away with!

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Just make sure you are eligible for the new SUB under 5/24 and you haven’t received that SUB in 24 months. Also, don’t forget to maximize the offer by referring each other if you can!

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Thank you, I was running around when replying and should have made that clear!

Sapphire Preferred card SUBs can only be earned more than 48 months since the last time you EARNED THE BONUS, not from the application date.

Other Chase cards tend to have 24 month rules and the business Inks apparently don’t enforce that rule.

If looking for another bonus, I’d go through the 10xTravel best cards list (and their course) for next ones to look at.

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