Chase Trifecta vs Amex Trifecta (Why I Have Both)
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- เผยแพร่เมื่อ 20 ม.ค. 2022
- In this video, I compare the Chase Trifecta vs Amex Trifecta to see which credit card setup is the best credit card setup in 2022. The Chase Trifecta (with the Chase Sapphire Preferred or Reserve, Chase Freedom Flex, and Chase Freedom Unlimited) is great because it is easy to understand, the points are flexible, and there are many ways to redeem for value. The Amex Trifecta (Amex Platinum card, Amex Gold card, and Amex Blue Business Plus) can be more valuable for certain types of travel and has more benefits and credits, but it requires more research and it is very expensive to have with $945 in annual fees!
Here, I go over all of the basics of these 2 popular credit card setups made up of some of the best credit cards in 2022! While not everyone wants to use travel credit cards, these 2 are great for the majority of people. I have both the Amex Trifecta and the Chase Trifecta and they give me a ton of value and benefits.
Hopefully this video is helpful for anyone looking at getting the Chase Trifecta or the American Express Trifecta, but check out some of my other videos below for more details on these credit cards!
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CHECK OUT SOME OF MY OTHER VIDEOS:
Why I LOVE The Chase Sapphire Preferred (But I Never Use It): • Why I LOVE The Chase S...
Amex Gold Card - 1 Year Later (4 Things You NEED to Know): • Amex Gold Card - 1 Yea...
Amex Trifecta Credit Card Setup | Is It Worth It? (My Plan for 2022): • Amex Trifecta Credit C...
Why the Chase Trifecta is the BEST Credit Card Setup for FREE TRAVEL: • Why the Chase Trifecta...
Amex Platinum vs Chase Sapphire Reserve (Which One to Get in 2022?): • Amex Platinum vs Chase...
How I Booked a $3,400 Hotel for FREE with Credit Card Points: • How I Booked a $3,400 ...
#ChaseTrifecta
#AmexTrifecta
#CreditCards
DISCLAIMER: Daniel Braun is not a financial advisor and the opinions in this video are his own. This video is for entertainment and educational purposes only, it is not financial advice. You must do your own research and should talk to professionals before making any financial decisions for yourself. This description contains affiliate links where Daniel Braun may receive a commission.
More Videos From My Channel: / danielbraunofficial
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Great review of not only the cards that make up both trifectas but also suggesting the Chase Trifecta for beginners! I have also heard that the Chase trifecta seems to be better suited for domestic flights in terms of redeeming points while the Amex trifecta usually has better redemption for international travel! I haven't really looked deeply into how true that is but also something to consider if someone is choosing one over the other. For me though, I'm working to get both!
Thanks Jacob! Yeah I would agree, Chase is great for a lot of domestic stuff and Amex really gets the best value for international redemptions. I want to do a video exploring some redemption examples to compare. Great to hear that you're working on both!
Great video... So clear and concise. Very well done. If you watch this video, you will not only understand both trifectas, but also the credit card game in general.
Daniel, I just found out that Amex actually increases the rates for the Fine Hotels & Resorts for Platinum members in return for the $100 credit and other benefits. In one case I realized my stay was going to be $490 greater as a Platinum member than it would be booking as a regular Gold member for example. The math completely does not add-up and they advertise these benefits as being complimentary to Platinum members. This basically cancels out the value of this benefit...I wonder how many people don't realize they are being ripped off.
That’s why it’s always important to compare the FHR rate to the regular rate on the hotel’s own website. People who blindly just book through FHR without cross referencing are making a mistake.
That's shady af
Thanks for the video, Daniel. I’m totally in your camp. I have the Chase trifecta and 2/3 of the Amex trifecta (don’t have any business cards). I generally use Chase points for Hyatt and Amex points for Delta (I live in a Delta hub city, and the Platinum card gets me into the Delta Sky Club). And I totally agree: that gold card has bought a lot of groceries! Lol. Enjoy your weekend, my friend.
Thanks for the comment as always Anthony! Sorry I'm a little late getting to this video's comments haha. But good to hear, yeah those are great ways to transfer points with those 2! Great that you are in a Delta Hub city!
@@Daniel_Braun Yes, being in a Delta hub is super convenient. Are you near a hub airport?
I technically could go to New York where I think there is one, but usually I fly out of Philly because that’s only 30 minutes from where I live
@@Daniel_Braun That’s way more convenient.
I agree I been watching video about credit cards every day for over 6 month look like most people gave credit to Amex Gold cards following chase and Citi , great video thanks
Thanks so much for watching! And yeah, those 3 issuers are all very good in their own ways. I could definitely see myself getting some Citi cards later on but I'm just focusing on Chase and Amex right now
Great video! The format of this video worked. Nice job. For me, the Chase setup is where I will focus all my attention for now. Through my corporate AMEX card, I got an offer for $100 off the annual fee on the Gold card. As tempting as that is, I am still going to focus on Chase and accumulating the Chase UR points. I do have the Chase Freedom Unlimited and Sapphire Preferred, but am going to wait on the Chase Freedom Flex as I just got the Sapphire card last month and will be applying for a car loan in the spring. Have a couple inquiries that are set to fall off my report in the next month so want to be in the best shape possible when applying for that car note. Appreciate your content and all the effort you put into it. Cheers!
Thanks so much for the comment Chris, great to hear that you are focusing on Chase because those are the most important cards to get in place first! Love that you've got a strategy in place like that. I agree, more important to focus on those credit score impacts when you're applying for any other type of loan in the near future, so its smart to wait like you're doing. Appreciate you watching as always!
Amex Business Platinum is a worthwhile mention here. I like it much more than the personal one. It gives you the same 5 points for flights and hotels, the same lounge access, but also has a 35% points rebate on a selected airline or business class flights, which makes a point to be worth 1.5c+. This way, restaurants with Amex Gold can provide up to 6% spend, and general spend on Business Plus provides up to 3%. Plus easy to use $10/mo wireless credit and $200/6mo Dell credits much better help offset the annual fee.
As for Dell credits - at least during 1st 6 months of the year I use it to buy tax software. Also, Dell is good at price-matching, and price-matched purchases, obviously, count towards the Dell credit.
Yeah that Business Platinum card is a very good option as well! Really good feature with this points rebate on certain flights like that. I'd rather have the Dell credit than the Saks credit since Dell would be more useful but that type of credit makes sense for a business card. Thanks so much for watching and commenting Anton!
Awesome video! Definitely helped me understand point value better. I love the experience with AMEX better then Chase BUT i love how easy it is to redeem points with Chase. I wish AMEX would partner with American Air (they have hubs with where.i mainly fly to). But ill have to figure out a way to book with Delta, hilton i have no issues with, and i get special rates with my company with enterprise (with 4 year loyalty with them). Im all over the place, its exhausting.
this was super informative Daniel !
Great video of the Amex and Chase Trifectas. I will definitely try the Chase first. Appreciate the assistance.
Thanks Steven! Yeah I think that's a good strategy!
Amex trifecta works great for me.
Also the grocery on the Amex gold I use to buy gift cards for stores that I cannot get 4% or more at!
Purchase protection and cell phone protection on the Amex platinum are also amazing and easy to use! Also the Charles Schwab platinum for the 1.1x cash per point cash out is nice.
Great video 😊
Thanks so much for watching Jabari! Yeah I love the Amex Trifecta too. I personally don't do the gift card thing because I'm worried that Amex could see that and flag my account. But I know others do it so just be careful!
But yeah those benefits on the Platinum card are great. I really want to get the Schwab Platinum card in the future as well!
sorry but you cant use Amex at Costco, and many restaurants where I live do not accept Amex
Chase ftw
Great comparison and video style Daniel! I haven't seen myself gathering much value off the AMEX Platinum so I may cancel it for 2023. My only issue, as you mentioned, is that there is no downgrade path.
Thanks Kyle, appreciate it man! Yeah not a bad idea if the Platinum card isn't giving you good enough value anymore. I really wish there was a downgrade path but I guess then Amex would worry that too many people would take advantage of it haha
@@Daniel_Braun Maybe! I wish there was too :(
I applaud you for running both set ups because my head would hurt trying to keep up would definitely need a spreadsheet or a notebook, I’m thinking about running a mix trifecta Amex Gold, Platinum & Chase Sapphire Preferred
Do it, and add the no-fee freedom cards at that point. Well worth it and not too hard to keep up with, but yes I do keep a spreadsheet myself lol
@@humbertolopezfranco7296 thanks I will definitely go for it I know I’m over 5/24 might have to closed some accounts 😂😂😂
Haha thanks so much! Yeah it sort of just becomes natural at some point because I talk so much about these cards so I don't need a spreadsheet anymore. But yeah that can be a good setup, and I agree with Humberto that those no annual fee Freedom cards are great to add as well!
Great video! Keep them coming!
Thanks so much Cooper, appreciate it man!
Great video; a good thing to mention about the Amex plat is their cellphone coverage; I'm paying about $200 a year for one cellphone coverage, + if you have a gold card that fee gets waived as well with the plat card.
Yeah good points, their cell phone coverage is very useful as well! Thanks for sharing Jonathan!
what do you mean?
explain please
What?
Really? Damn
Great video like usual Daniel! I've started redeeming my points with Chase, and one thing I'm finding is how complex transferring points to flights is. I'm doing research and looking more into it, but am finding it difficult to identify good point redemptions. Could you please make a walk through or in-depth guide on transferring to travel partners for flights and how you find good deals? Thanks and keep it up!
Thanks so much! Yeah I'm going to make a video like that for both Chase and Amex, it'll just take some time to prepare and research but I'll see what I can find to show some examples!
Agree with this! Would love that video.
Haha
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Daniel, great video. I have the same issues with flight redemption, In particular if you start looking for more than one person(such as a wife and kids). This is where cards the the csr/csp or usbank ar make sense to use the travel portal.
I literally use chase points for all my flights and it’s super easy. I wonder if you’re in the wrong part of the site or something ?
Daniel I enjoyed it you really know your credit card trifecta. Nice work D👍🏾
Thanks so much for the comment Glenn! Glad to hear you enjoyed the video 👍
How do you not have more subscribers? You’re very informed and give awesome information
Haha thanks so much Samantha! Don't worry, I'm working on getting more subscriber! This channel has been growing more and more which has been great and I've only been here on TH-cam for a little over a year so far. Excited to continue making content like this! Thanks for watching 👍
Good video Danny. I think one's lifestyle dictates which combination is more lucrative. Excellent video.
Thanks so much Scott! Yeah absolutely agree, lifestyle really determines what cards will be the best for each person!
as always, I enjoy your honesty... inforrnative. great job!
Thanks as always for watching Haas! Glad you liked it!
As I’ve already shared I’m sorta doin a mix of these lol but I still loved the video! 👌🏼
Yeah thats good to hear! And thanks so much, I appreciate it!
in my experience if you are young student chase might be great benefit make more sens for you but in general I personally like Amex following Citi because the most purchased everyday most likely Amex and citi + keep your credit score more stable
Awesome breakdown! A big comparison is being able to get Chase sign up bonuses over and over (with some reasonable times between) vs. Amex where sign up bonuses are once a lifetime! Meaning getting on the Chase train first while waiting for all-time-high Amex offers is a great play!
So I can’t take a 90k point offer for Amex gold now and then take a platinum sign up offer in a few years?
@@mrhee6 You can. It's once a lifetime per card!
good editting, subbed!
Thanks so much Adrian! Glad to hear you liked the editing and I really appreciate the sub!
For me my perfect credit card combination is an American Express Gold for that 4X dining since we eat out alot, Flex for that 5X rotating category, and Unlimited for anything else
Cool setup. Does it get difficult when it comes to redeeming points from different programs (i.e. Chase and Amex) when booking a trip?
Why not Citi double case for a catch all as it’s 2% cashback on everything
Great video. Do you have any videos on redeeming awards? This seems to be the most difficult aspect especially since I’ve read the best way is to often book on one airline to fly on another. Seems like a lot of the credit card channels gloss over this
That's definitely a comment that I've been getting a lot lately so I'll for sure be making some video on redemption examples with both Chase and Amex! Yeah there can be good ways to redeem points like that so I'll go over that in those videos
When booking travel through the respective portals, have you ever compared the prices to those directly with the hotels/airlines and seen a price difference? If so, what did you do?
Incredible information, I have the Amex Plat + Sapphire pref right now. Flew to Thailand using my Amex SUB
Awesome, great to hear you've been taking advantage of traveling with those bonuses! Thanks for watching Joe!
Loved the video!
Thanks so much, really glad to hear it! Appreciate the comment 👍
Jeeez, I don't know how you remember and choose which card you should/need to be using for the best points. I guess after a while you would get used to each one and what purchase you're using them for. Solid style video though, turned out well!
Haha yeah after a while its just becomes natural to know what card to use for what things. It also definitely helps that I talk about this stuff on a TH-cam channel here lol. Thanks so much Tyler, glad to hear it turned out well!
Liked the casual video style.
Glad to hear it, thanks for the comment Gerry!
I just applied for Amex Platinum card. When I was just checking it out, it offered me 80k miles, then I turned on my VPN and bam 100k points, signed up straightaway!
Before applying, I literally put everything that I'm already using on a spreadsheet and I ended up using $858 of those benefits, so I'm actually in the plus with platinum card, not bad.
About to have both trifectas just waiting on my AMEX gold in the mail
Hey Daniel! Love your videos man, I have the Amex platinum and everyday preferred card and I’m considering getting the gold to do a trifecta. I had a quick question, since you have both the platinum and gold do you get double the Uber credits every month? ($10 from platinum and $10 from gold)? Thanks again man!
You do. They stack each month to give $25 Uber wallet balance.
I personally love the 2 free chase cards and then will get the reserve when i have a worth while amount of points. I also use Amex cash preferred so i get 3% gas and 6% groceries. Feels like I’m maximizing all categories in good rewards programs
I plan on doing alot of traveling in the next 2-3 years and after. Im willing to pay the fee but would it be a good idea to just stock up on points for the sapphire reserve for 2 years so that i get alot of free flights for when i do travel?
I have 4 credit cards now: WF propel, discover chrome, chase freedom unlimited and Apple Card. So what card do u recommend should I get now ?
The crossover we didn't know we needed
Thanks so much for watching! Glad to hear you liked the video 👍
I have a question when you have these cards do you bank with both or do you just pay online and just benefit from the awards I want these cards but I don’t want to have to many bank accounts open
If you have both CSR and Amex Plat..when do you use each. Wouldn’t it be better to just use one for max points in that system? Or is it better to use the one with better %. Ex. Use only Amex and earn all Amex points or split and have some Amex and some chase points. If you so the latter I feel like you’ll never earn enough points to pay for trips
I spend about 8k a year on flying domestically, which trifecta and card would you recommend?
Amex Trifecta for me when you add the offers from different partners you actually end up on top
Yeah the partner offers are a really great feature!
Currently using Amex setup. I had Chase setup at first, but the multipliers are much lower than Amex. Seems like it took forever to get a decent amount of points to redeem at Hyatt or United. I'm racking up points much faster with Amex!
Nice! Yeah Amex does have some categories that will definitely earn you points faster from everyday spending, especially with the Gold card! Chase points are a little more challenging at times, but the Freedom Flex has become my favorite for its points earning potential over the others. Thanks so much for watching and commenting!
That's the only drawback with Chase. Compared to other card companies their entire lineup is weak on gas and groceries. It's nice when everyday spending can feed your points.
Amex is the best!
@@Daniel_Braun d
Chase cards can be used at Costco 😉
I have both trifecta’s but i lean more towards amex. I only use my chase cards enough to keep the accounts open
Nice! I like both and I'd say that I use them pretty equally, but probably a little more Amex right now than Chase
I’m so happy. I just completed the chase trifecta. This is after having bad credit and getting it fixed. You can do it too
very interesting video Daniel, my venture card AF posts this month and considering cancelling the card should i ask for a retention offer or downgrade? kind of need your guidance lol what would u do?
Thanks for watching! It all depends on whether or not that card is still giving you value. If it isn't then I would just say to downgrade if you can and look for other card that might better fit your needs. The Venture card only has a $95 annual fee so I don't know if they would give you an offer or waive the annual fee but they might! I personally like Chase and American Express more than Capital One for what they offer.
But if you get good value from the Venture card, then keep it if you want! I think there's probably better no annual fee options that earn better though. Hope that helps!
dont forget the free doordash on the preferred. that one comes in soo clutch
Amazing video Daniel. I wanted to ask if I do the Chase trifecta with the Chase Sapphire preferred, would I still be able to get the Chase Sapphire Reserved?
Thanks David! So technically, you are only going to be able to have one Sapphire Card at a time. So you'd have to choose the CSP or CSR, but you can always product change from one to another if you decide that you prefer one compared to the other
I'd like to check on Amex Cards. Thanks for the video, Daniel.
Yeah they are some good cards to look into! Definitely a little expensive but can be worth it for some people!
Hi Daniel, you said you barely use CSP so what card do you use & why ?
If you already have the highest card in these trifectas, what is the point of getting the other 2. I have CSR and chase is offering me the others but I don’t know if I want the hassle of more cards. I like keeping my financial world “neat”.
I like the Amex trifecta plus the Hilton aspire card. It’s a great card that I want to get later on.
Yeah I know a lot of people get that card too! I may look at cards like that for the welcome bonus later on this year or next year
I just got the gold, I have a corporate card for work which gets you $100 off the $250 which is nice. Gets you $150 off Platinum as well.
If I downgrade my CSP to the Unlimited Freedom, will I use my current CRP?
I have bad credit I’m working on getting it better which chase card should a beginner like me get ?
Do points expire? Do I have a time limit or max amount of point I can save per card ?
do i have to use each card for something or its just giving me more points? even if i use one?
Does the 3rd card have to be that specific business card or can it be any other Amex card
New to the Amex cards. I have 2, business platinum, & gold personal. Can I, transfer points to someone other than myself? Like if I take the member points built up, and transfer them to say my grandma? is that possible? She's never been to Hawaii, and getting up there in age and would love to take her.
Great video
Which cards would you recommend for someone in the military where the fees are all waived? I don't travel much but the AMEX gold points seem nice with the grocery bonus. However, with everything being free should I get the platinum for all the credits?
With no fees I think the amex cards are better overall
Can you replace the Blue business plus for the Blue cash Peferred card?
Let’s gooo! Team Amex 💯 but I do love chase and started with them!
I've been like you and really started focusing on that Amex setup after my Chase one was in place! So much value and now I have too many Amex point so its time to start redeeming them haha 👌 thanks for the comment Mark!
@13:13 what's the deal with the 2:3 Marriott Bonvoy transfer ratio? I'm seeing 1:1 on my end. Even though Bonvoy points are barely worth 0.67 c/p these days...
That's a really good eye to catch that, I didn't even notice! That shot from the video was from Amex's website when I just did a Google search for "Amex Travel Partners" so that I could record it for the video. But you're right, I just confirmed in my Amex account that its 1:1, not 2:3 for Marriott so that's interesting. But yeah I agree, hard to justify the value anyway from transferring to Marriott these days so 2:3 would be even worse!
What about foreign transaction fees? If the chase trifecta is for travel, can I actually use any of them internationally?
A lot of people should read the benefits of their card more closely. For example, uber credits from Amex are only for ubers taken in the USA. So, it won't count for ubers taken abroad.
What’s better 4x points for 25k annually
6% cashback for 6k annually (Amex)
At 15:25, isn't Safeway, King Soopers, Kroger, etc, don't those count as groceries for 3x back?
Great video! Are you able to transfer points between the Amex cards? For example you have 50,000 points on the Amex Blue Business but you want to combine it with 40,000 points on the Amex Platinum to make one large flight ticket purchase.
All your points get pooled under your account, not under each card individually. So yeah, they all get combined
Great question Galen! Yeah Humberto is right, all of your Amex MR points will get pooled under the same Amex account for any of your Amex cards that earn MR points
Currently, I have the chase sapphire preferred, and wanted to get the amex plat or gold next but not sure if it would be worth it. I'm a college student but due to work and such I do end up traveling a lot... and also I spend a lot of money eating out?
Hi, I would personally say that the AMEX gold will be worth it to cover your dining and eating out and grocery expenses. And getting the no annual fee CHASE freedom flex so that you can start racking up points with that card plus the sapphire for flights! You should then eventually get another AMEX card and Chase (CFU) card to build towards a trifecta
I keep considering the Amex cards but idk. Can’t lower the effective annual cost lol.
Haha yeah it really is tough to justify the cost for a lot of people which I totally understand! The credits need to be useful to bring down that cost, otherwise your better off sticking with Chase
I’ve the CSP and in the process of getting the Freedom Flex. But what’s the advantage of getting the freedom unlimited as well? I mean I can get all the benefits from the first two cards. What good will the UNL do me?
Those cards are good for specific categories but everything else will only net you 1%. With the UNL you get 1.5% across the board. So it's meant to be used for every purchase that the CSP and Flex don't cover.
Great video, yet again! Your content is amazing my man. Currently building my Chase trifecta. Got the CFU, going for the CFF next sometime this week, and then waiting until Oct for the CSP bc of 5/24. Would you go for the CSP 2nd and then the CFF? Or is my ordering correct? I plan to take a trip in the summer so part of me wants to get the CSP 2nd then the CFF last. Thoughts?
Go for flex first, CSP doesn’t have a ton of point earning opportunity and is really just used to transfer out the points you earn on the CFU and CFF
Yes I believe Rodney has the right idea. I would stack my points first and then get the CSP when the bonus is higher and then book your trip to maximize your points. I’m working on my trifecta as well. Got the CFF back in July and now I’m waiting on my CFU to arrive after that I’m stacking my points until I travel in Nov and by then I should have applied for the CSP. So good luck bro 👍🏽
Thanks so much Saul, I love to hear that! Yeah I agree with these other comments that I think you have the right idea by going for the CFF next and then the CSP later in the year. The CFF will be more useful everyday and then hopefully, by the time you go for the CSP later then the bonus might be higher than the 60k its at right now. Hope that helps and thanks for watching!
Finally fell to 4/24 & applied in branch and got approved for the freedom unlimited .
Awesome, so glad to hear it! CFU is a great card to have!
@@Daniel_Braun thanks 🙏
So I’m active duty Coast Guard and am able to get the annual fees waived for the Amex Gold and Platinum. I recently just got approved for both. Is it worth holding both of them or just one at a time?
If your annual fee for both cards are waived, then it’s definitely worth having both. Use the gold for everyday expenses (groceries/dining) and platinum for travel (flights/hotels).
Travel points I don’t get the word is the same over where you plan to go is exactly the same as where you are not deferent at all but I need da money cuz I’m broke af just like I don’t see any point past maybe 2 credit cards maximum but Raul only 1 is enough
Hey Daniel! I’m currently with my first credit card since I’m only 20 years right now. Do you recommend me to get the chase flex or unlimited for my second card? Maybe a not valid question since you are doing this video, but really want to know what’s best for me since it’s going to be my second card. Thanks!
Mi first card was Discover btw, the normal one.
Thanks so much for watching and asking me! I'd be happy to try to help. I explained some of the ways to compare these 2 cards in this video: th-cam.com/video/s_Mt9Kzm73Y/w-d-xo.html
But I would say that I like the Freedom Flex slightly more, but you can't go wrong with either! Personally, I think its a good idea to get both eventually, but that's up to you
Should consider the Slate Edge card for the reducing APR to 9.74%. Worth it in the long-run as a fail safe. You never know in today's market.
Not good for travel, but when times get tough, you have a long-term credit card available
APR really shouldn't even matter to you if you're using credit cards right. I understand unexpected things happen, but carrying a balance on credit cards is never a good idea.
Does Chase and Amex have some of the same partners I wonder if Chase allows you to use gross income like Amex when you are self-employed and have a lot of write-offs gross income is really good to go off of
Does it make sense to get the freedom flex card if I already have a Discover It credit card that has the rotating categories? I currently have the chase freedom unlimited and would like to have the trifecta just to utilize all 3 cards but i'm not sure if it is worth it since I have the benefits of the flex on my discover card. Thanks in advance.
If you have the sapphire The Freedom card because effectively 6.3% rather than 5 with discover.
Problem I'm finding is that Chase doesn't have great prices for airline tickets in the first place to redeem points for when comparing to just looking at flights on Google. Planning a Costa Rica trip Google has flights for $450, chases prices are $700. Why?
This may be true but Amex is even more expensive than Chase. I have both the Platinum and CSR and compared the prices.
Which card is good for gas I have the gold for food I would like the chase card like you . I like how you broke it down great job
Thanks so much Anthony! For gas, neither one of these setups works too well right now - the CFF sometimes has gas as a 5x rotating category but that's about it. Also, the current welcome bonuses on Chase's website for the CFF and CFU include 5x back on gas stations for the first year right now which is only temporary but really good!
can you do a video on what hyatt resorts that you'd recommend that are worth over 2 cents
Yeah definitely! I'm going to make a video specifically for some examples of really good Chase redemptions because people are always interesting in that!
Great videos Daniel! Question, if I get 1.5x by transferring points to my CSR, then do I carry the 1.5x when I transfer to the travel partners? Always have this question since I just started the journey and haven’t done any transfer yet😅
No the 1.5x is basically just saying you get a guaranteed 1.5 CPP if you book through the chase travel portal, really good for cheap flights that in my experience typically get really bad CPP through transferring. But all transfer rates are 1:1 unless a promo is happening
Credit card nerd here too lol : I liked this video a lot. I just need to get chase unlimited and I’ll have the chase trifecta. Amex I love the gold card and have a delta platinum card. I’d like to get the Amex blue business card as I have my own business but I have to say I have the capital one venture x and so far tons of value there as I got approved for the welcome offer. I downgraded my regular venture to the quick silver. I think Capital one points may possibly be more valuable in the future. Hmmm maybe the savor one card will be in the future lol it could become a sweet spot for travel credit cards. Idk time will tell. Amex is still my fav though
Haha great to hear from another credit card nerd! Good to hear that you're liking the Venture X so far, I agree that card and Capital One has a lot of potential going forward!
But yeah Chase and Amex are my favorites as well, lots of value with those cards! Thanks so much for watching and commenting 👍
Team AMEX here! Running the Trifecta + Green for now.
Nice! The green card doesn't get enough attention as the other cards but its not too bad! I really hope that Amex adds some more features to that card to build up interest in it again
Dan they are going to open an Equinox location at the high rise residential in Philly at The Laurel this Fall 2022
Oh wow that's awesome! Lots of new stuff going on in Philly! That's probably not too far of a drive for me to get to, but I still don't think I'll sign up because it is expensive. But good to know, thanks!
Blue business plus in 2x points on purchases up to 50k USD. Then 1x thereafter. So 500 USD upside.
Hi Daniel, great video! My husband just got a Platinum Amex. One of the benefits is a free Gold Card for a family member. Should I sign up and make sure all our grocery shopping and dining is done with my card? Who receives then the 4x points, my husband’s account or a separate account for my gold card? Thank you!
Hey great question! So actually it’s a bit misleading on the Amex website, but the free gold card on the Amex platinum is not the same as the regular gold card so you do not get 4x points on groceries and dining with it
Why is Amex Platinum being a coupon book credit a bad thing? So people buy like coupons and saving?
One thing I'm not clear on is this: Chase Sapphire Preferred gives a 1.25x point multiplier, Chase Sapphire Reserve gives a 1.5x point multiplier. Does any AMEX card offer point multipliers?
I don’t believe so. The Schwab Platinum lets you cash out MR points for 1.1 cents per point to a Schwab brokerage account, but not the same as the Chase travel redemption bonus.
Good question Kyle and thanks for the response Raine! That's right, there's not any point redemption multipliers like Chase while is why I like Chase points for most people because they're more flexible and easier to redeem for good value. With Amex, yes that Schwab Platinum card gives the 1.1 CPP options to redeem for cash into a brokerage account. But other than that, you'd have to transfer Amex Points to different travel partner programs to get similar redemption values to those 1.25 and 1.5 CPP option that Chase has. Hope that helps!
The business plat lets you get a 35% rebate when you pay for a flight with points on your designated airline. Works out to about 1.53x multiplier, but only through one airline.
Hi Daniel, if you only have the CSP/CFU and Amex Gold. When will you use your Chase cards if your Amex Gold will be used for food purchases? Thanks
So typically if I'm not working on any minimum spend requirements for a sign up bonus on a new credit card, then I will use my Amex Gold for grocery stores and dining (although sometimes I now use my CSP/CFU for dining because even though its 3x back, I really like Chase points and value them highly for transferring to Hyatt). But outside of that, I'll use the CFU for 1.5x on random miscellaneous purchases and my CSP for 3x on subscriptions as well as some general travel purchases that earn 2x like EZ pass and parking. Hope that helps!
@@Daniel_Braun do you prefer csp for purchasing plane tickets because of it’s insurance benefits? What about for extended warranty? I heard Amex is good with that
I’m going with Amex plat and gold and the capital one venture x
How much variety of hotels does the Chase UR’s Portal have? Is it only marriott, hyatt, and IHG hotels?
Usually they have a good variety outside of those hotels as well! I've seen smaller hotels too so there's a lot of options for both high-end and low-end prices
I'm trying to understand the logic of choosing to spend so much on annual fees. Just seems a bit much to have so many premium cards when there's a ton of great free cards out there to supplement the classics like CSP/CSR, or Amex Gold/Plat.
I will say with the Amex gold, I am going to spend $10 plus on Uber eats anyways. Having the monthly Uber credit reduces the fee for me logically.
Its a very fair point you have Josiah! I'll say that it won't be the same for everyone. But as far as my Chase cards - its $95 for my CSP but I've booked a few trips worth $1,000s with points because of the CSP's points transfer partners so I'll gladly pay that annual fee each year for the redemption values I can get. I think most people would be able to find good value from a Chase setup as well for only $95 per year.
For Amex, its a lot more subjective with the $945 of annual fees combined on the Gold and Platinum cards. The credits from these cards completely offset these annual fees because I would already have paid cash for those services covered by the credits. So all of the points that I earn from sign up bonuses and mainly from groceries and dining with the gold card are all good for me. And then those Amex points are very valuable as well for booking travel for me.
So for a cash back setup or a simple credit card setup, I'd say having these 2 setups is probably overkill and not worth it for everyone. But for people looking to travel with points, its very much for it, considering all of the other benefits as well!
Hope that explains a little, but yeah I can see how its not worth it for you and many others too
For my CSR, I travel often and it really pays for itself a few times. Between the travel credit and the high points per purchase and redemption through the UR portal, it’s worth it. I booked all my hotels for an epic turkey and Italy vacation with just points accumulated over the last year or so and that’s a multi-thousand dollar value.
Can you combine Amex and chase points when you’re booking flights ?
Good question Dominic! You can't combine them directly, but if there was overlap in transfer partners, you could transfer points from both to that partner. For example, Marriott is a transfer partner with both so you could combine points into Marriott points by transferring them both from Chase and Amex.
For Amex, there is no point multiplier right? Such as how a Chase Sapphire essentially gives an extra 25% to UR points
Correct, there is no point multiplier when redeeming in the Amex portal like there is with Chase
So Chase UR never expires?
I like chase because the trifecta is not that expensive. I only want to get the amex platinum because of the welcome bonus and probably after a year cancel the credit card. It’s kinda difficult to justify the af of amex platinum to the benefits they offer. Also, we only travel 1-2 times a year. But i like the lounges perks though. Btw, can i transfer my points from my amex platinum to my amex gold? Will they allow it?
I agree Maria! Chase is great because of its lower annual fees. And yeah not a bad idea to get the Platinum card for the bonus! Also, yes the points will accumulate in your Amex account for all cards so you don't have to do any transferring with Amex points. So as long as you have 1 Amex MR point earning card open, the MR points will stay in your account
@@Daniel_Braun thanks a lot.
I'm only missing the blue business card from Amex, but I do like both set ups. Now I'm just adding random cards with downgrade paths for the intro bonuses (:
Yeah the BBP card is good but definitely not necessary either. And that's a great strategy to have by going for those types of cards!
Business Platinum is a better component for the trifecta, in my experience. And you don't even need to have a formal corp to be approved, you can just be an individual (say, selling a thing or two on ebay). They give those to everyone.