Premium Travel Cards Pivot Benefits in a Coronavirus World: Update

Updated 6/9/20 with Citi's latest addition to the Prestige Card.

In an attempt to keep you as a customer in a world where travel is severely limited, banks have been changing the benefit profiles of their credit cards that previously rewarded behavior centered primarily around travel.

Those of you most concerned with what to do with your travel cards are likely paying big annual fees for the premium transferrable point cards--the Chase Sapphire Reserve, The Platinum Card from American Express, and the Citi Prestige--so let's compare those changes.

Sapphire Reserve Annual Fee Jumps to $550 Tomorrow

New cardholders of the Chase Sapphire Reserve*, those that apply tomorrow (January 14) or later, will have an annual fee of $550. Current cardholders (or those that apply before tomorrow) have/will have an annual fee of $450. So if you were looking into the Sapphire Reserve, it's time to look a little closer... right now.

*Please note that this link, which is a MileValue affiliate link (meaning we get a commission for approvals), shows "offer unavailable" right now. You can still apply for the current offer directly on Chase's website, until tomorrow (January 14) at some point.

Walking Across America with Points: Week 3

It's been a while since we've heard from Mike Hammari, the man who is walking across the United States using travel rewards to minimize accommodation costs and therefore nights slept outdoors. He's vlogging his experience on YouTube and blogging about it here on MileValue.

A Quick Catch Up

These recounts of his journey are being written in retrospect. Mike took a break in the middle of his walk to return to work, travel some (not on foot), and is now back on the steaming late summer road of central Texas. Last I heard, his shoes had recently melted.

Reader Question: Chase Travel Portal or Transfer to Airline Miles?

Last week I wrote about how and why you'd to want transfer Ultimate Rewards between accounts. If you haven't read it yet, stop and read before continuing with this post.

Walking Across America with Points: Week 1

Give a warm welcome to Mike Hammari, who is writing a series of guest posts about a trip across the US on foot that he is currently in the middle of...very much in the middle of. He just wrote me today thanking me for finishing up a detail for this post that he couldn't because he was caught in a storm and had to store his computer. That's life literally on the road!

Mike is covering some of his hotel stays on this journey with points and wants to share his strategy with you guys.

Walking Across America with Points

We've got a special treat for you today, MileValue readers! Meet Mike Hammari, who will be writing a series of guest posts about a cross-country trip he is currently in the middle of. Who needs miles when you've got feet? Those weary feet still need a decent place to rest. Mike is covering some of his hotel stays with points and is excited to have an audience listening that cares more about rewards than what brand of shoe he's wearing. Really though, Mike, tell us what shoes you chose...

Anything below in italics is a comment from me.

Walking Across America with Points: An Introduction

We've got a special treat for you today, MileValue readers! Meet Mike Hammari, who will be writing a series of guest posts about a cross-country trip he is currently in the middle of. Who needs miles when you've got feet? Those weary feet still need a decent place to rest. Mike is covering some of his hotel stays with points and is excited to have an audience listening that cares more about rewards than what brand of shoe he's wearing. Really though, Mike, tell us what shoes you chose...

Anything below in italics is a comment from me.

Why I Credit Card Fasted

There are numerous ways to accrue travel rewards fast, and many people will fall into more than one of these categories.

Daddy Warbucks Type A: You buy expensive flights and book expensive hotel rooms which earn exponentially more travel rewards than booking cheap flights and accommodation.
Daddy Warbucks Type B: You spend tons on credit cards organically, whether that be personal use, through your business, or both.
Manufactured Spender: You figure out ways to increase your spending for a fee that doesn't outweigh the value of the rewards you're earning.
Road Warrior: You travel for business, get to charge paid

The Five Chase Cards You Should Apply For: Combo #2

5/24 is a buzzword in the miles and points sphere.

New Chase Rule: Only One Sapphire Bonus Per 48 Months

Update 9/3/18: MileValue's Chase Sapphire Preferred link leads to an application that still has the 24 month language as opposed to the new 48 month language which is on the public application.  

Yesterday Chase made it harder to get repeat bonuses on their Sapphire Reserve and Sapphire Preferred