Listeners can significantly enhance their point earnings by using the Sapphire Preferred card for dining, travel, and streaming services purchases.
Bilt now allows renters to earn points on housing expenses by paying rent with any major credit card, albeit with a fee.
Maximizing value from points requires strategic transfers to airline and hotel partners, while avoiding poor value options like IHG and Marriott.
Deep dives
Rescinded Referral Reformatory News
The podcast covers the recent reinstatement of referral abilities for various Amex consumer cards, including the Platinum and Gold cards. This feature had been unavailable for some users, limiting their ability to earn referral bonuses. The uplifting news indicates that many members of the Frequent Miler team regained their referral capabilities, marking a positive turn in the program. This revitalized access provides an opportunity for users to earn points when friends or family members apply using their referral links.
Maximizing Sapphire Preferred Benefits
Listeners are guided on how to effectively utilize their Sapphire Preferred cards, highlighting the current 100,000-point welcome bonus offer. The podcast emphasizes that even beginners can greatly benefit from understanding how to earn, save, and redeem points. It breaks down several strategies for maximizing point earnings, including using the card for dining, streaming services, and travel purchases through the Chase portal. The program also mentions that utilizing additional Ultimate Rewards cards can enhance the point-earning potential across various categories.
DoorDash and Lyft Perks
Listeners are informed about exclusive benefits tied to DoorDash and Lyft through the Sapphire Preferred card. The cardholder can enjoy a complimentary DashPass, providing zero delivery fees and discounts on service fees while ordering from various merchants, including convenience stores. Furthermore, users can earn five points per dollar spent on Lyft rides, which can amplify their points accrual. A partnership between DoorDash and Lyft offers additional discounts and perks for scheduled airport rides, further adding to savings.
Bilt's New Rent Payment Options
The podcast discusses how Bilt now allows users to pay rent with any major credit card, not just their Bilt card, although a fee applies. For a 3% fee, users can earn one point for every dollar spent on rent plus any points their credit card offers. This update significantly enhances the ability for renters to earn rewards on their housing expenses, making it an attractive option for many. Particularly for individuals targeting minimum spend requirements for new credit card offers, this method provides a new tool to meet those goals.
Exciting New Credit Card Offers
The episode highlights a new Capital One VentureX business card offer that allows users to earn a substantial bonus of up to 350,000 miles with certain spending requirements. In particular, the first tier of the bonus requires a hefty $30,000 spend in the first three months, followed by additional spending for more bonus miles. While this represents a potentially lucrative offer for business owners, the high spend requirement may not appeal to all users. Therefore, the podcast emphasizes the importance of evaluating which credit card offers align with individual spending habits.
Travel Hacks and Redemption Strategies
Listeners learn about effective strategies to redeem points accrued from the Sapphire Preferred card, particularly focusing on maximizing point transfers to airline and hotel partners. The podcast illustrates how properly leveraging these transfers can yield values considerably greater than the cash equivalent of points. A particular focus is placed on avoiding poor value transfers to programs such as IHG and Marriott, instead advising that members should aim for more lucrative redemption options with programs like Hyatt or United. The discussion reinforces the importance of conducting thorough research before transferring points to ensure beneficial outcomes.
If you just got 100K points from a brand new travel rewards card, you should know a few things to help make sure you're earning even more points, saving money, and getting great value. Plus we'll also look at "Amex referral reformatory rescinded" and how to earn points on RENT with any credit card.
(01:30) - One reader shares a success story using the "email the GM" strategy...
(03:37) - Capital One Venture X Business Card: Up to 350K Miles
(1:20:50) - World of Hyatt credit card gives an additional Hyatt category 1-4 free night certificate with 15K spend in a calendar year. But with recent Hyatt category changes, is it still worth spending towards that goal?
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