Amex & Chase Upgrade Strategies (Do You Get Points for Upgrading Cards?)
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- เผยแพร่เมื่อ 20 ก.ย. 2024
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I need to start building my credit portfolio with great cards you talk about
Offered 60k to upgrade the Gold to Platinum. Took it but will probably downgrade to gold next year or open a new gold card for player 2 because the earn was awesome on it.
OH MY! SNEAKY SEB WITH THE LOOP HOLES!!!!! LETSSSS ROLLLLLLLL SEBBB 🤙🤙🤙 LOVE THISSSSSSS
Hi Sebby. I hope you have a wonderful day and thank you for helping me.
Honestly one of my favorite videos from you so far! I’m nearing the end game so I’m looking to get into Amex soon.
Dang, I didn’t know you could downgrade the brilliant. Awesome to hear, thanks Seb. Thumbs up as always
Yep! Pretty much a question of if you want:
a) 35k night for $95
b) 50k night + $300 Marriott statement credit for $450
Just got my IHG premier card today. Was very disappointed because its not longer a metal card. Called Chase and after getting transferred 3 different times. The final answer is IHG discontinued making the metal cards for new or existing customers...
I'd happily have a card made out of cardboard if it gave me positive expected value :)
Recently received an upgrade offer of 60K points from Amex Gold to Platinum and I took it! I may downgrade to Gold after 12 months and wait for another upgrade offer. Hopefully, I can bounce back and forth between these two indefinitely. Plan to apply for the Amex Schwab Platinum in 2021.
As long as you play within the 12 month upgrade rules, you should be good :)
Ask Sebby Thank you!👍
What was your spend requirement for upgrade off?
I've never received a retention or upgrade offer from AmEx for any of the cards I have. I wanted to upgrade from a Delta Gold to Platinum for the longest time. And every time I call to ask about upgrade offers to the Platinum they never have them. So last week with all the changes coming to Delta cards, I upgraded to the Delta Platinum with zero upgrade points. Earlier this year when my Platinum AmEx renewed, I called in for a retention offer and nothing! AmEx basically told me, that as good in value as the Platinum card is, we really don't give retention offers for this card!
DalHarpJr I just got my retention offer (30,000 MR points after $3000/3 months) posted on my account last week. Amex Platinum.
@Jam R.T. Silva... You’re lucky! How long have you had your card? This was my first year with the Platinum and I put well over $25K spend on it in that year. Guess YMMV is the truth... No retention offer love for me!😞
@@DalHarpJr That's surprising given the spend. I generally don't like taking upgrade offers unless you've had the card in the past (burning an intro bonus): www.asksebby.com/blog/should-you-upgrade-your-american-express-card
DalHarpJr I’ve had the card since May 2018. I barely spent $8,000 last year. ( That includes the $550 )
My renewal fee posted on June 19 of this year. I paid my bill ( including the $550 ) on July 13 and called Amex for retention offer on the 17th.
@Jam R.T. Silva... Again, good for you! There's obviously no "One size fits all" theory when it comes to these retention/ upgrade offers. AmEx was pretty much like, take it or leave it. I clearly didn't put as much spend on my card in 2019 like I did in 2018. When my annual fee hits in Dec./Jan. I'll be revisiting card retention with the AmEx reps. Hopefully I'll get it this time. Thank you!
Sebbbbyy!!! You the man! You’re the reason why applied for my Amex Gold last year. Amex send me an upgrade offer to platinum. 60,000 bonus . Worth it? Don’t travel much. Can I downgrade back to gold ?
I would rather sign up for the Platinum to avoid burning the bonus. Your call though given limited travel: www.asksebby.com/blog/should-you-upgrade-your-american-express-card
Sebastian, how much time do you NEED to put between the 3 applications for the 3 Hilton cards? A day or two? A week or two?
Wait,... if upgrading and downgrading requires 12 months due (Card act law), then how did you do downgrade and upgrade so instantly? (Big question mark)
CARD Act is related to opening a new card, not product changes: www.asksebby.com/blog/what-is-the-credit-card-accountability-responsibility-and-disclosure-act-of-2009-card-act
You can upgrade/downgrade at will after the first 12 months, as long as you're not breaking any other terms (i.e., can't downgrade for 12 months after taking an upgrade offer w/ Amex).
Ask Sebby thanks for clarifying!
I have the delta gold and wish I had got the blue preferred. It would have a better point value for the same annual fee. I will call tomorrow and see if they do. Think they will accept my request?
Thanks for this video! I would never have come up with this strategy myself. Just to clarify: I have the Gold card, and plan to get the Platinum card eventually. Would I be likely to get an upgrade offer on my Gold even when I'm currently holding the Platinum?
Are you related to Dr Jason Fung?
Great video as always
What happened to the cash app card !!!! with lock / unlock issue !!!! could you please address that to us , really appreciate it !! you rock Sebby
Chase is not that special I'd rather get what I need through amex
Since Amex cards and intro bonuses are finite, most people are trying to make sure they're not leaving money on the table (each Chase card is easily $500 to $1,000 in value): www.asksebby.com/blog/how-much-are-chase-credit-cards-worth
So I got the chase sapphire reserve for my first chase card because I travel often and I love the perks. But would I be able to take advantage of the chase preferred card’s intro offer of 60000 points?
Yes , you can downgrade the CSR to freedom or FU then get the CSP for the points and then upgrade the CSP to CSR if you need .
You would need to downgrade to a Freedom or CFU to get around the "One Sapphire Rule" -- more here: www.asksebby.com/blog/rules-to-know-for-chase-credit-card-applications
Ask Sebby what about the 48 month rule ? Would that apply ?
Interesting strategies, Sebby. I agree an upgrade from Chase has strings attached and you must choose wisely (for all the points you made - pun)!! I also agree that your strategies for AMEX are complicated but also more fun. There is a lot of flexibility to do things with AMEX that you can't do with other banks. Obvious word of caution, don't piss off father AMEX!!! (read the terms and conditions of each offer) ;)
Yep, I always play by the terms with Amex. Given that Amex and Chase are the main "games" in town, it'd be dumb to piss them off.
A room full of sebbies and do not piss them off . All i got from this video 🤣😂🤣
😁🤓
I have AMEX upgrade offers but I don't see and bonus points attached ?
I didn’t think Amex would let you downgrade a Hilton card then upgrade it to the same card and get upgrade points again?!
I -- and many other people -- did this without issue. It's a function of whether you're targeted for the upgrade offer more than anything else.
Reminder that you can't downgrade for 12 months after taking an upgrade offer, per the terms.
Thank you for clarifying.
@@AskSebby what about to upgrade, you have to wait 12 months aswell to upgrade?
Hi Sebby. Great informative video. I'm new to Amex, well about a year now and I started with the Blue cash preferred card which is about to hit the annual fee. I just got the green card and hilton no annual fee in the last month. I noticed on the website that it's offering me an upgrade to the platinum, aspire and surpass. I'm not interested in the platinum but the other two Hiltons I am. However, there is no upgrade bonus, so I'm thinking I need to wait till there is or apply later down the line to get a good sign up bonus. After watching your video, I believe I'm going to wait and apply when I get a sign up bonus. What do you think? Oh and I tried to apply yesterday for the Aspire but it said I wouldn't get a sign on bonus so I canceled application. Maybe because I just got two sign on bonuses with the recent two cards I just received. Any thoughts on that too? Thank you so much. I just subscribed to your channel.
Awesome Video again Seb!
I just downgraded to a AMEX Green card from a Gold card. Have you heard of any upgrade offers from Green to Gold?
I figure I will keep the Green for the next 6 months as my spending has changed, and I recently upgraded my CSP to CSR, because the benefits now outweighed waiting another 2 years for me. I will be going back to AMEX later on, and getting the sign up bonus for the Platinum and am hoping for an upgrade bonus back to Gold.
Yes, there are offers for Green => Gold. It's just waiting to get targeted.
That's the big benefit of Chase, you can always downgrade to a Freedom/CFU if you swap back to an Amex setup.
@@AskSebby Yeah I didn't think about that. I got into the game the wrong way a while back, and started with American Express. I am still getting good value, but with being limited to one airline for the fee credit, and the elimination of being able to use it for e-gift cards (or so I am told), to quote you, I am no longer getting positive expected value anymore.
Any advice on trying to get targeted for an upgrade offer with AMEX when I am ready? When I am ready next year should I call in and ask?
@@tommy35ss You generally see upgrade offers online.
@@AskSebby Thanks Seb!
Does anyone know if the 80,000 bonus on southwest performance business card is ending soon? I’m planning to get it toward mid November so I can hit the minimum spend early January.
Sebby, does Amex charge you one month of annual fee when you downgrade your Hilton surpass/aspire to the no annual fee version within a few days of annual fee posting?
Does upgrading in card come with a hard inquiry on your credit?
No, it's the same account.
@@AskSebby Thank you!
Follow on question too. I upgrade my gold AMEX card, to the platinum card. However I never received any type of bonus? Or offer? Can I fight for it and get some points? Is it going be worth it?
You only get an upgrade bonus if one was offered to you. Did you use a "upgrade now and get 60,000 points" link?
Ask Sebby, no I didn’t receive any offers to upgrade. I upgraded my card on my choice.
How do u become a grandfather on a credit card? Specifically with AMEX?
You have an old card that's discontinued?
When can you downgrade preferred to a everyday cash card in second year without being charged $95 annual fee?
www.asksebby.com/blog/american-express-annual-fee-rules
Does amex once in lifetime rule apply to business owners that own 2 or more business’s. I currently have the Amex delta gold under one business. Want to apply for another one under a different business.
Usually no. You might be able to get the card, but not the bonus again.
AskSebby pls help. I currently have the Delta Platinum which I regretted having as my first Amex. I am planning to downgrade to the no annual fee Delta card after first year.
I want to either get an Amex Gold or Plat now. I want to ask since I already have an Amex card. There is no reason to wait for the 100k target offer for the Amex Plat right? Since I feel like both Gold and Plat will benefit me, just don’t know which to apply next. Thinking applying for Gold and wait for upgrade offer.
Amex setup generally means having both the Platinum and the Gold to maximize value: www.asksebby.com/blog/the-american-express-amex-trifecta-gold-card-update
Upgrading Amex cards usually doesn't make sense unless you've had the card already: www.asksebby.com/blog/should-you-upgrade-your-american-express-card
Can I upgrade the IHG premium to get the points then downgrade it back to the old $49 AF version after a year?
This was specifically covered in the video.
@@AskSebby is that from 5:45? In the Amex case all these 3 cards are still available so I know there's no problem to product change from one to another. But with the Chase IHG the $49 is no longer available to sign up for so I don't if I sign up for the Premier now, I can downgrade it to the $49 AF version later on or not
If you upgrade or downgrade Amex, does your card number stay the same? I have most of my bills auto paid through Amex and changing numbers would be a pain - having to notify everyone.
In my experience, yes.
Ask Sebby Thanks!
Hey Sebby. I'm moving to Australia in a few days. Got any ideas what is a good credit card?
Global Transfer to the Amex Qantas Ultimate: th-cam.com/video/G29JQqyrxuI/w-d-xo.html
$450 annual fee but $450 Qantas travel credit: www.americanexpress.com/au/credit-cards/qantas-ultimate-card/
I applied for the Amex gold card in 12/2018. What are the chances of receiving an Amex platinum upgrade offer in 12/2019?
Upgrading is non-optimal unless you've gotten the intro bonus for the Platinum: www.asksebby.com/blog/should-you-upgrade-your-american-express-card
Can anyone lay out the requirements to get a Amex Gold card please?
Reminder that optimal first Amex card is the Platinum. Getting the Gold first is setting 40,000 MR (at least $500) on fire: th-cam.com/video/XYd-5ls9b2M/w-d-xo.html
After I upgraded from Business Gold to Business Platinum, AMEX sent me a "congratulations" email saying that if I spent 10K in the first 5 months, that I would get 50K points. When I didn't get the points, I spoke with customer care on multiple instances and escalated it a few times, but they kept telling me that there was no such promotion for me.
I told them that I would be happy to forward or show them the email, but they said there was no way that I could email something to them.
It was a real let down...
Given the documentation, it might make sense to file a CFPB compliant: www.asksebby.com/blog/when-and-how-to-file-a-consumer-financial-protection-cfpb-complaint
Can you get approved for a New IHG card if you have the old one so you would have 2 separate cards?
Yes.
Yes, no rules against this in the terms (as of right now).
I now have both cards. Their benefits are theoretically excellent in conjunction with each other, especially for booking 5+ day award stays. (Just barely squeaked back under 5/24 to score the 125k bonus from the new IHG card, before the offer ended.)
What, when I went to premier gold to rose gold I got no points
Premier Gold = Rose Gold. It's the same card, just rebranded.
@@AskSebby ahhhh gotcha. thanks for the tip !
@@h-townfishing1382 Also, reminder that you only get points for upgrades IF you have an upgrade offer (you see this when you log in -- usually under Amex Offers or slightly above).
Don't piss-off Amex.
Yep, otherwise you're going to struggle with approvals / getting blacklisted.
I have 10 Amex cards (charge + credit) -- as long as you play within the rules, you're fine.
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#Squuuuuuuuuaaaaaaaad
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Notification squad! 🔥🔥🔥
Yo soy amex >:v
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