Predicting the next credit card collectibles | Coffee Break Ep35 | 12-3-24
Dec 3, 2024
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Dive into the intriguing world of credit card collectibles and discover which cards are becoming sought-after gems. Explore the nostalgic perks of long-held cards like the Chase IHG Rewards Club Select and Capital One Venture One. Learn how to maximize rewards with strategies for luxury travel experiences, including valuable certificates. The hosts discuss future possibilities for credit options and provide tips on navigating upgrades and promotional offers, ensuring you make well-informed credit card decisions.
Certain discontinued credit cards, like the Chase IHG Rewards Club Select, can offer substantial benefits that exceed their annual fees.
The podcast predicts that cards such as the Citi Prestige and U.S. Bank Altitude Reserve may soon become valuable collectible assets.
Deep dives
The Value of Collectible Credit Cards
Certain credit cards that are no longer available for new applications may still hold significant value for those who already possess them. For instance, the Chase IHG Rewards Club Select card, with its low annual fee, offers perks like a complimentary 40,000 free night certificate and a 10% rebate on reward bookings. These benefits easily surpass the cost of the annual fee, demonstrating that holding onto such cards can provide substantial rewards. Collectors can greatly benefit from securing these cards while they remain accessible, as their value may increase over time, making them collectibles.
Potentially Valuable Cards Worth Considering
The podcast highlights three credit cards that may become particularly collectible in the foreseeable future. The Citi Prestige card, despite its high annual fee, affords significant travel benefits, including a $250 travel rebate credit and 5 points per dollar spent on dining. Additionally, the U.S. Bank Altitude Reserve card is noted for its strong rewards structure, offering 3x points for mobile wallet payments, which can lead to effective cash back rates for frequent users. With limited availability, obtaining these cards could align well with long-term collector strategies.
The Future of Card Opportunities
The podcast discusses the uncertainty surrounding the availability of certain collectible cards, particularly the Ritz Carlton and Aviator Silver cards. The Ritz Carlton card could be obtained by upgrading from other Marriott cards, but the path to acquiring it might close unexpectedly. Similarly, the Aviator Silver card is only accessible through an upgrade from the Aviator Red card, raising concerns about its longevity amid changing partnerships in the credit card industry. This unpredictability underscores the importance of acting quickly to secure these cards if they align with one’s financial goals.
There are credit cards out there which are not available new, but are still supported for those who already have them. In this episode, we have a prediction about a few cards that will soon be this kind of "collectible" card.