Should You Diversify Your Points?
ฝัง
- เผยแพร่เมื่อ 20 ก.ย. 2024
- Should you stick with one point system like Amex MR or Chase UR points? Or should you diversify your portfolio? Learn more about Point Rewards cards: bit.ly/2zwa5Qn Click "Show More" to see Ad Disclosure [ Blog Post ] bit.ly/2Wi6axL
Try Plastiq and get $500 in fee-free dollars after you spend $500 (referral link): bit.ly/asksebby...
Keep your cards organized: amzn.to/2ne3VxA Filmed on this: amzn.to/2piKDY3
Advertiser Disclosure: Some of the card links and other products that appear on this website are from companies which AskSebby will earn an affiliate commission or referral bonus. AskSebby is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.
Frequently asked questions about camera:
Camera Gear:
Camera: amzn.to/2piKDY3
Lav mic: amzn.to/2Vcg3N1
Recorder: amzn.to/2RoeufI
Bendy Tripod: amzn.to/2oKyWsG
You'll need this for the bendy tripod: amzn.to/2pmjuRf
Useful stuff:
Looking for a travel toothbrush? Get your first Quip refill free ($10 value): bit.ly/2vCeJqT
Promo automatically applied at checkout.
Global Wifi Hotspot: bit.ly/2EJXbPJ
Best headphones for travel: amzn.to/2pKLvWn
Monitor: amzn.to/2o0EDCd
Card organizer: amzn.to/2ne3VxA
Need new luggage? Get $20 off your first Away luggage (referral link): bit.ly/2wvIDje
Promo automatically applied at checkout after you create an account.
Support our channel by shopping on Amazon!
www.amazon.com...
-----------------------------
Follow us for updates:
TH-cam Subscribe: bit.ly/subscrib...
Newsletter: bit.ly/asksebby...
Facebook: / asksebby
Twitter: / asksebby
Instagram: / asksebby
Mandy's TH-cam: / mandyroams
Mandy's Instagram: / mandyroams
Yes, definite do a video on Player 2 strategies. Ideally, strategies that involve Players 1 and 2 being in the high spend, high card quadrant, with business card options as another degree of freedom.
People shouldn't be intimidated by a lot of credit cards. I have 18 activate cards, it maybe takes 15 to 20 minutes a week to manage them while I'm watching tv.
I keep my spend to anywhere from 2-3 cards at any given time.
The rest of my cards sit in a sock drawer.
I have phone notofications set up every time a purchase on ky cards is made, that I can catch card fraud quickly.
This approach works great for me, and requires maybe 10 minutes a week to manage.
@@champstar9669 I hate it when people go cash only and claim it's somehow the credit card's fault that people go into debt or pay an astronomically high amount of interest on them
I have maybe 5-6 cards (mostly amex MR and bofa for cash back) that my wife and I are spending daily on, and maybe 1-2 that we are using on plastiq to hit signup bonuses, and the rest are mostly sock drawered...
The way that I am able to easily keep track is, all cards I set them to autopay statement in full each month, as soon as I get a new card. Meanwhile I add all cards in my household to mint which I used to create a monthly budget so I can make sure we never overspend beyond our monthly income... Nice thing about mint is, it automatically assigns all transactions to a category and you can see how you are tracking against that budget in real time on your phone or computer.
I have moderate spend, and am willing to get a decent amount of cards. I like having the Chase and AMEX systems.
I’m actually between quadrant I and II. Sticking with Amex Gold but use BofA rewards + Discover for non-multiplier spend. Haven’t got a single Chase credit card because the effective annual fees of the AMEX alternatives (CSP = Gold, CSR = Plat) are always lesser.
Ive got 4 credit cards, but my spending is moderate and the area i live in has a low cost of living, I didnt get any of the premium cards. I tend to be spend a lot near the start and end of the year, but the rest I don't spend much unless I go on an expensive holiday
I'm moving to the "less cards" quadrant strategy. 4 cards rotation (Amex Gold, Amex Platinum, Citi Thankyou, and Chase Amazon Prime).
High Spend here. System includes AMEX, SPG, Hyatt and Amazon. Cover most bases.
Seb, maybe consider segmenting your videos into: beginner, intermediate and advanced players... I, for one, need to build my knowledge base before watching something like this one!
*Opens Ask Sebby video*
*hits the like button*
*then proceeds to watch video*
Facts!
I’d be interested in the player 2 video. My wife and I work together with our focus on travel, her with the chase trifecta and me with mainly Amex. I feel like we do pretty well but am always happy to hear tips and suggestions.
Managing the player 2 strategy is the key to expanding the game. At some point your moves will become increasingly limited and you need that other player to take advantage of other paths or in this case quadrants.
Keeping player 2 happy is key to the game* ;)
I was concerned about the Hilton acend minimum spend but we hit that in 2 weeks so now im considering an airline card that accents it with a relatively low spend for the points.
Low spend more cards. No rent at my parents' place lol. Already have my mom authorized on my BCP to get discounted groceries. Asside from raw sign up bonus value, I do think there are enough varried free cards to rival the preminum %back, so im slowly building out a large card base for any potential future spend if I were to move out or be more free with travel.
Sebby can you tell us more about paying student loans with cards? Thanks for another great video!
Yes! Sebby, Plastiq is not an option for my Navient loans. I get a response declining my payment unless I use MasterCard.
MoofMilkin NerfHerder - yes same here because Visa and Amex won’t allow it. So I have to put it on my American Airlines, IHG, or Hawaiian Airlines Mastercards.
MoofMilkin NerfHerder Use MasterCard gift cards on Plastiq! Yes, the fee is a tad higher, but you should still come out way ahead if your hitting MinSpend
I’d like to see an updated video of player 2 strategies that don’t include business cards.
such an underrated video
Great video, would love to hear your ideas for 2 player strategies. One question I have: why is it that amex points are considered best mainly for business class or first class flights? Are using Amex points on lower class flights with partners a poor redemption value?
Harder/more sweet spot focused. Example economy redemption of Bangkok to Ko Samui I've used:
- Bangkok Airways is the major airline (owns the USM airport and have majority of the flights)
- prices range from $200 to $250 roundtrip typically (per person)
- you can transfer Amex MR to Etihad and book for 5k per way (so 10k, per person)
- 10k MR + ~$5 fees vs. $250 = easily 2 CPP
The main issue is that these are more nuanced topics and aren't as "sexy" as flagship F/J products.
I'm debating on covering these on Sebby Fung (2nd channel) vs. Ask Sebby but will happily post on either if there's enough interest :)
Ask Sebby I think that could be interesting. Would be awesome to see a mix of both travel experience footage videos (showcasing the aspirational trip) but also if you shared the actual details of how you used rewards to cover costs, with the spreadsheet style cost breakdowns based on spending vs points etc. what points you used, what cards, etc. I would totally watch those kinds of videos! Although they'd be alot of work to produce, and true they might be a little more niche I think they'd be both fun and educational... Might be nice for a longer video format
Every semester I have a giant 15K tuition payment.
I sign up for anywhere from 1-5 new credit cards and meet my minimum spend on all the cards all in one go.
Yes I pay a 2.5% plastiq fee, but its the easiest way I have personally to hit MSR.
Then I get a free vacation during my school breaks. Thanks banks!
To add: I pay off all of said cards the next day when the payments posts. Im not gonna put that sort of thing on credit cards.
I can pay my tuition with credit card. without plastiq lol
The setup I'm working on is halfway between many cards and few cards on the high spend line. Looking at building out 8-9 active cards, plus the store card (pre-Ask Sebby) and old cashback card I hang onto for credit history. Mostly a Chase and AMEX duo setup and then a couple of airline co-branded cards and 2-3 premium hotel cards (as keeper cards). The all total includes 2 general premium travel cards and maybe 1-2 premium hotel cards. I geared my setup to pickup the best cards to cover all spending categories long term and able to use all the benefits (credits and such) with in a set travel budget. Not totally bonus hunting for cards in case I either need to buy a house again or job transition with a pay cut. Great video Sebby with a lot of strategery going on!!! :P
I’m curious to know how you use your premium travel cards with the premium hotel cards. Do you use the premium travel cards for normal every day purchases? Do you just hold the hotel cards as a perk for the free room annually, or do you actually spend on it for every day spending as well?
Yes, please do a video on Player 2 card strategies
AMEX Gold, Chase Freedom/Discover 5%, USAA/NFCU/Citi Double Straight Cash Back, some backups when AMEX not accepted 5/3 TRI O
Subscribers: Anyone remember that sweet spot? Was it at the 10-12 card mark that positively effects your credit score? He said it last summer, but I can’t remember the video.
"Technically" 20+ but honestly, 10+ should be fine for most people. Make sure that some of these cards are no annual fee cards or cards with downgrade paths. Manage 5/24 as well.
When you say Trifecta, what exactly do you mean? Card for bonus spend and card for non bonus spend. What's the third? Business card?
Perfectly explains why Amex doesn't work for most people
I'll go for low hanging fruit:
Avaiator Red> 1 purchase
Would be interested in your thoughts about using UR cards vs hotel cards when traveling- would you rather earn more UR on travel purchases with multipliers on CSP/CSR or use the cobranded cards like delta for flight, Hyatt for hotel etc
The problem is if you don't spend enough money you will end up with a lot of points you can't spend. As you usually need over 100k points for business class trip
My g-friend have the citi simplicity card and she tried several times to upgrade to citi 2% cash back and was told they could not it.
yes please do a player 2 video!
You never disappoint good sir
Very much interested in the Player 2 strategy
I wish my landlord would let me pay with card. He’s a cash or check only kinda guy.
Coty Camp Fishing Sebby did a video on Plastiq.
Thanks for an other great video. Can you do a video on us bank card rules and there secured airline cards?
Can u make the video how many credit cards you have.
Thanks
@asksebby I have a noob travel reward question. I am looking into a trip to Rome Italy round trip for 2. I looked at two options (Aeroplan & Avios). With Avios flying Aer Lingus it would be 79k Avios + $750 and for Aeroplan 120k miles + $181 flying with Swiss. Both flights if booked normally it would be around $1700 for both options. Witch one would you consider to be the better deal or are they about equal in terms of value?
Player 2 video please. Thanks you!
Player 2 Strategy Please!
Hi Sebby, I just got a withdrawal taken out of my bank account for my first ever credit card. I applied for the Discover IT secured card, as I am barely establishing credit. I had done tons of research, as well as watched hours of videos reviewing the card. (I even called the customer service number to have em answer some questions for me). I’m excited and all, but I am a little worried. I’ve noticed in your January update, “What’s in my wallet” you seem to no longer use the Discover IT card? Its a concern to me, as you have suggested before to hold on to a card for Its AAoH. Now knowing that you usually recommend Chase, Amex, and Discover I’d like to know how can I safely transition from my Discover IT, to something more like Chase without it effecting my Credit History, or is that inevitable?
Should I even open up a second card, like Capital One within the next month or so to keep the inquirers effect low? (Benefit my future self is why i’m considering the second card)
I’m trying to build a base but if these cards are going to become useless as I age, shouldn’t I just go for something more beneficial?
A video on this subject would be great for all newbies like myself, but a thorough reply is awesome too.
Great video ,do a video for business strategy
I have 7 now each serve a purpose
Wells Fargo Platinum Visa💩 my oldest
Usbank Platinum Visa
Quicksilver no fee.
Usbank Cash Plus 5%&2% my daily driver
Quicksilver Visa no fee
Amex Delta Gold SkyMiles, 50,000 SkyMiles plus 12,500 referral to a coworker
Yesterday I was approved for NFCU cashRewards Visa Signature
I'm over 5/24 oh well Amex gold next any usbank 2020 I'll get Chase Sapphire and freedom.
When you say High spend, what's your rough definition of that? For instance, my spend report from Chase told me I was just shy of $35k in charges, does that qualify as "high spend" in your rubric? Putting a monetary threshold on that rather subjective language would help clarify a lot for folks I think...
Thanks as always for the videos! I've been absorbing a ton of knowledge and ideas since I found them. Keep up the great work and analysis.
Hey guys has anyone heard about or tried Marcus by Goldman Sacs???? They seem to be targeting Amex customers. Any info would be helpful - Thanks
Hey Sebby, great video! I’m in San Francisco over the next few days for the first time. Do you recommend any good restaurants to eat at? I’m in the Fisherman’s Wharf area
Food recommendations: The House- Asian fusion, Marfuku - ramen, La Taqueria - burritos, Liholiho Yacht Club - Hawaiian fusion, House of Prime Rib. Drink recommendations: Local Edition, Trick Dog, Zombie Village, Novela. $1 Oyster HH: Waterbar, B Bar
Skip fisherman's wharf, that's not San Francisco.
Ask Sebby awesome! Thank you!
Great insight!
Hi Sebastian, I had a quick question I’m wondering if you could do a video on (or link me if you already have): I recently heard about people reporting their rent payments on their credit report to boost it quickly. Have you heard of this and would you recommend it?
Not really worth the effort unless you have bad credit (in my opinion).
Ask Sebby Got it! Thanks for the response.
cool
my student loan does not accept credit cards....
Gift of College and Plastiq are worth looking at: www.asksebby.com/blog/paying-students-loans-to-hit-minimum-spend-free-travel-or-cash-back
Is capital one not a good card to have. I got the venture and hit the $5000 minimum spend in 5 weeks got the 85,000 points but no one ever talks about the venture card. I had the amex gold but cancelled it. Any thoughts
wreckdiver61 I can’t speak for everyone else but the main gripes I have with them include: hard pulls from every bureau for cc applications, getting weekly credit card mail offers that aren’t great, too many advertisements, some cards that are kinda awful aside from bonuses (Savor because of its AF and the Spark cards) and that until recently they didn’t have transfer partners. They aren’t as bad as Credit One, but for an introductory card I’d prefer one from Discover or BoA.
I think capitalone venture is basically a solid bottom right quadrant or bottom left quadrant card.
As a bottom left quadrant card, you can use it basically like a 2% cash back card on everything plus 10% on hotels. com... and put all your spending on the one card. I know a couple people who have only one card and got the Venture card. The points are at minimum worth 1 cent per point by using the "travel eraser" function, but capital one also introduced transfer partners which also gives you the flexibility to save more money on flights.
Alternatively, as a bottom right quadrant card, even without making it your daily spend card, you could use it mainly for the signup bonus and accumulate those points as well on hotels .com only and use the points for travel eraser or transfer partners.
what credit limit did venture give you
What is the bbp card?
Abel gonzalez Blue Business Plus from American Express
Also be wary my school doesn’t take American Express or discover for tuition. Visa and MasterCard only. So find out what they accept before you plan on hitting a minimum spend with a certain issuer.
Ruben Radiant are you saying that your school doesn’t accept AMEX/Discover or are you talking about the student loan program that you’re using?
@@andydelvalle68 My school doesn't accept amex or discover for tuition payments or any sort of payments. Not even for the parking permit. Not a loan.
Hey Sebby, I heard my friend working at Chase said that if I apply for CSP, I will not be eligible for applying for CSR within 2 years when I downgrade my CSP to Freedom or even cancell my CSP. Is it true?
Yes, you can only obtain a Sapphire bonus once every 48 months.
Ask Sebby thanks for replying. His point was that: for example, if I apply for CSP today, I won’t be considered eligible for CSR (even if I don’t want the bonus of CSR) for the next 2 years even if I downgraded or cancelled this CSP after year 1. I doubt this is true and I know ur the expert in this :)