Current State of Credit Cards Points and Predictions for 2024 with Sebastian Fung

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Oct 4, 2023

Sebastian Fung, a personal finance expert and founder of AskSebby, dives into the current state of credit cards and offers predictions for 2024. He discusses the recent shifts in reward programs, clarifying misconceptions about opening multiple cards and the value of chasing status. The conversation shifts to maximizing sign-up bonuses versus multipliers, highlighting the best credit cards for rewards. Sebastian also explores the latest trends in credit card offerings, particularly Citi's new card, and shares effective strategies for optimizing travel benefits through points.

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ANECDOTE

Sebastian's Entry into Points Game

Sebastian Fung got into points and miles because his partner wanted to travel extensively.
A last-minute trip to Japan with expensive economy flights sparked his interest in optimizing travel costs.

INSIGHT

Current State of Points and Miles

Airlines prioritize passenger spending over flight frequency for status.
Delta's recent changes emphasize spending heavily on credit cards or premium cabin tickets for status.

ADVICE

Airline Status Strategy

Consider getting status with the second or third busiest airline at your airport for better upgrade chances.
Target American Airlines status for its OneWorld Emerald benefits, especially for international first-class lounge access.

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