The 8 STUPIDEST Credit Card Benefits I've Ever Seen...
Тәжірибелік нұсқаулар және стиль
You won’t believe how AWFUL these credit card benefits are! (SPOILER ALERT: Some of them are found on a few of the BEST credit cards - and YOU & I BOTH may have some of them in our wallets)! Click “Show More” to see Ad Disclosure, links, and additional information below.
💳👉 VIEW CREDIT CARD OFFERS!
markscreditcar...
🛍 RAKUTEN - Earn Cash Back!
markscreditcar...
📲 MAXREWARDS - Manage credit cards & rewards!
Get Gold level for free with PROMO CODE = markr
markscreditcar...
🏦 SOFI CHECKING & SAVINGS - Get $25! (or more w/ direct deposit)
markscreditcar...
📊 GET FREE STOCKS FROM MOOMOO
markscreditcar...
📊 GET FREE STOCKS FROM WEBULL
markscreditcar...
🔐 AURA - Identity Theft Protection & More!
Get Your 2-Week Free Trial: markscreditcar...
🥇 CHANNEL MEMBERSHIP - VIP Perks!
markscreditcar...
00:00 - Intro
00:23 - Chase Sapphire Preferred
2:38 - Amex Platinum Card
5:10 - Marriott Bonvoy Bountiful & Bevy
8:26 - World of Hyatt Business Card
9:15 - U.S. Bank Altitude Reserve
12:06 - Bank of America Premium Rewards Elite
14:22 - Citi AAdvantage Executive World Elite Mastercard
15:31 - Visa Infinite Reserve Rewards+ Card by Elan Financial Services
Here are my thoughts about the worst credit card benefits right now…
1. The Chase Sapphire Preferred 10% Anniversary Bonus is not what you think it is. You get 10% back of your annual spend back in the form of POINTS! Spend $50,000? Get 5,000 points worth $50 cash back or $62.50+ towards travel! That’s only an additional 0.1% return!
2. The Amex Platinum Card SoulCycle At Home Bike Credit can be worth up to $300, but only if you comply with all of the restrictive terms and conditions for this single-merchant-single-product benefit.
3. Neither the Chase Marriott Bonvoy Bountiful card nor the Amex Marriott Bonvoy Bevy card give you an annual free night just for having the card. To get one, you’ll have to pay a $250 annual fee and spend $15,000 on your card. Then, you’ll receive your certificate that’s capped at a redemption value of 50,000 points (combinable with up to 15,000 additional points if you have them). Compare that to the Hilton Honors Surpass Card (and business version), which have a $95 annual fee, the same $15,000 spend requirement, and give you an annual free night certificate with NO CAP!
4. The World of Hyatt Business Credit Card is the ONLY business hotel credit card that DOES NOT come with some form of anniversary free night! The ones from Hilton, Marriott, IHG, and Wyndham all do, however!
5. The Priority Pass Select membership that comes with the U.S. Bank Altitude Reserve card only gives you 4 free visits for you and up to 4 guests per year for a $400 annual fee. Even the U.S. Bank Altitude Connect card (personal AND business versions) give you 4 Priority Pass visits per year, and those have a $95 annual fee (or $0 in Year 1)!
6. The Bank of America Premium Rewards Elite card gives you a $150 Lifestyle Credit. Really?! A top-tier premium travel credit card with a private jet benefit advertising to high net worth / high income earners tries to market itself with $150 per year in “lifestyle” benefits?
7. The newly revamped Citi AAdvantage Executive World Elite Mastercard gives you up to $120 per year in Lyft credits, but only up to $10 per month, and only if you take 3 rides each month!
8. The Elan Visa Infinite Reserve Rewards+ Card took the ‘coupon book’ model to new heights with up to $20 per month in 4 select categories (but each one is capped at $5 per month)! Learn more at this link: card.myaccount...
Disclosure: This site 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 links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.
#creditcards #creditcard #americanexpress
Пікірлер: 167
💳👉 VIEW CREDIT CARD OFFERS! markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! markscreditcards.com/rakuten 📲 MAXREWARDS - Manage credit cards & rewards! Get Gold level for free with PROMO CODE = markr markscreditcards.com/maxrewards 🏦 SOFI CHECKING & SAVINGS - Get $25! (or more w/ direct deposit) markscreditcards.com/sofibanking ⬆️ (More links in Description!)
Mark woke up and chose violence today.
@XterraRocks
Жыл бұрын
😂
@MarkReese
Жыл бұрын
🔱🔥
@bfan2816
Жыл бұрын
He sure did
@pateldeepen1985
Жыл бұрын
😂
@emcirqueentertainment
Жыл бұрын
😈
That intro clip of all your luxury credit cards was enough for me to really enjoy this one 🤣 You've definitely got a clean setup!! These were some pretty funny benefits too. Sometimes these lenders just seem to throw stuff at you in hopes that their cards sound like they're better than they are lol.
@MarkReese
Жыл бұрын
Just showing the cards I have that were mentioned in the video 🤙 However, the AA Executive account is closed.
Yeah but the Altitude reserve gets $325 in dining or travel credits making it $75 effective. Still the best premium card.
@SolidLiquidFox
Жыл бұрын
I agree here. I cut this card lots of slack as long as their mobile wallet benefit remains untouched.
@MarkReese
Жыл бұрын
Correct. I still don't think a premium travel card should limit people to 4 visits. Maybe 10.
2:35 Wow, I never heard you swear in a video before. I'm impressed.
@MarkReese
Жыл бұрын
😅
Terrific clarification of some of the "less than valuable" benefits. Noticed my CSR rebate last year 10% of 1%. My BOA rep was trying to sell me the high-end card earlier this year. I was reading over the terms and kept thinking I was missing something. Terrific video!
@MarkReese
Жыл бұрын
Thanks Bob! 👊
Altitude Reserve -- Oddly enough, I was in the STL airport on a Saturday a few months back and their only lounge was closed. There was a Priority Pass restaurant, and that's when I realized that Cap 1 DROPPED the restaurant part!!! My USBAR to the rescue! Got me a free breakfast.
@MarkReese
Жыл бұрын
Boom, that's a win! 🍳
This video actually got me laughing at times. Especially the soul cycle one. As always Mark, good stuff. Keep it coming sir.
@MarkReese
Жыл бұрын
Glad to entertain! 🎬
This is why I love this channel. As much praise as you give these cards, you give them a humble reminder of where they have areas of opportunity! Have a great week/weekend! - Ivan
@MarkReese
Жыл бұрын
You bet. Thanks Ivan! 👊
The product managers watching this who thought these were great ideas 😳
@MarkReese
Жыл бұрын
Time to wake 'em up!
Great points, Mark. In my opinion, Chase needs to remove the online grocery purchase benefit on the CSP and change it to a gas stations/EV charging benefit (keep the same multiplier). I travel a lot and have a 3/4 ton diesel pickup for my company vehicle, I am losing out on a lot of UR points because of it. Waiting until September to drop below 5/24 to grab a CFU for the rotating gas and 1.5% category.
@MarkReese
Жыл бұрын
If you want the rotating gas + 1.5% categories, then you'll want the "CFF" ... not the "CFU."
@maxw3218
Жыл бұрын
@@MarkReese That’s right! Thanks for the correction, great video as always!
Mark, another master piece for the everyone in and coming into the credit card game. GREAT GREAT GREAT points. These are reason's you have to consistency re-evaluate why you're getting a certain card, and don't fall in love with the card of the bank. This reminds me of your video of the worst credit cards like the luxury cards. Chase is straight up LYING (not-misleading) about that 10% REBATE, AMEX must think we're all fools for Equinox. I consider Hotel cards with an annual fee and no free nights an insult to my intelligences, I don't get them and never will. I trimmed down my eco-systems no more US-Bank or BoA.
@MarkReese
Жыл бұрын
Thank you! 💯 Always smart to evaluate & reevaluate. Chase isn't lying since it is a 10% "bonus" in points (which they explained), although that is very different than a 10% "return" 😬
Remember that Bank of america elite card gives you unlimited lounge access with 2 guests, restaurants, and spa if I'm not mistaken. Which that's great.
@MarkReese
Жыл бұрын
Indeed! That's an example of a great benefit 💯
Hey Mark, I agree with all of your listed ridiculous benefits. I find the Lyft 3 rider per month to get $10 to be a JOKE (I have this card). I was going to get the Hyatt Business Card until I noticed NO free night certificate benefit.
@MarkReese
Жыл бұрын
A joke indeed! The AA Executive can still be worth it for those who value having an Admirals Club membership; it's still the least expensive option to obtain it. However, the new 'partner-based coupons' are far from exciting. The WOH Business Card seems good for the welcome offer, and potentially for the Hyatt Leverage Membership & 10% Redemption Bonus for those people who can spend $50K per calendar year. However, it's a very niche product not suitable for many.
Yeah that 10% CSP is pretty weak 😂. Me and the wife just got ours a few weeks ago and if I didn’t watch countless reviews I would’ve thought the 10% was better then it was
@MarkReese
Жыл бұрын
Yep 😬 Congrats on getting the card though! Overall it's a great product.
@Nick-1828
Жыл бұрын
@@MarkReese look forward to see how it goes but I’m already thinking this’ll bring a lot of value! Do you see chase revamping the CSP or the CSR in the next 12 months? Wouldn’t mind paying for the CSR but right now I just don’t know if it warrants the price tag when I could make money just off the Amex platinum and all the credits that come with it
@MarkReese
Жыл бұрын
@@Nick-1828 - I don't have a way of knowing. However, I'd doubt it for now.
This was just 8 low-value/no-value benefits; you could make this type of analysis a regular series of the 100 dumbest. Nice job looking behind the curtain on some of the lackluster marketing word-smithing 'features' that often make people think they are getting more than they actually are.
@MarkReese
Жыл бұрын
That's exactly what this was 😁
I just think of the CSP as getting x.1% on its categories. So 3.1% dining, 2.1% transit, etc. Not huge, but narrowly edges out other cards in those categories…sometimes.
@MarkReese
Жыл бұрын
Correct 👍
“Last and probably least” is actually hilarious
@MarkReese
Жыл бұрын
😄
Equinox is pretty dumb I agree, they don’t even have one here where I live.
@MarkReese
Жыл бұрын
Very limited footprint for sure.
The 10% anniversary credit on the CSP isn't great but I do make sure to use that card for the overlapping categories with the other chase trifecta cards. Currently that's dining (specifically doordash since I got the dashpass), drugstores, and lyft for me
@MarkReese
Жыл бұрын
Smart move 💯👍
Really enjoyed this video, would love seeing a version about the best credits that are unique to individual cards
@MarkReese
Жыл бұрын
Glad you enjoyed it & thanks for the suggestion!
On the U.S. bank card for less than 1/2 of the price your guests could get the cards (if they are approved for the card) themself. For two "players" or cardholders your annual fee would be $190 verses $400.
@MarkReese
Жыл бұрын
Indeed & good point👍 However, as long as the very broad $325 Travel & Dining Credit gets used on the Altitude Reserve, that does bring the effective annual fee down to $75.
@mitchell.9632
Жыл бұрын
@@MarkReese A decent amount of cards to keep track of. Good point! I stand corrected. It is broad and not like some other cards for just incidental credits. I notice it is per "cardholder year".
Touché! I have a feeling there’s a part 2 coming; and a part 3 after that.
@MarkReese
Жыл бұрын
No additional parts planned at this time.
Oh c'mon Mark! You could have mention that the Bank of America Premium Rewards Elite card has a 25% redemption bonus towards airfare on the travel portal, effectively making it 3.3% cash back redemption value on catch-all purchases (and 4.4% cash back redemption value on Dining/Travel), so NO, the rewards structure IS NOT the same as the Premium Rewards card.
@MarkReese
Жыл бұрын
The rewards structure is 2X - 1.5X. The redemption bonus is a separate benefit; it's not a part of the structure. Regardless, this video about highlighting benefits that I consider bad. It wasn't about defending cards or benefits that are good.
I had heard about that benefit on the CSP but I didn't read the fine print. But I had a feeling it was something scummy like that LOL. I knew that 10% was too good to be true so I thought it was a catch or a gimmick like that.
@MarkReese
Жыл бұрын
$0 value in my book. Some people may like it though 😁
One of the most entertaining recent videos in the credit card community. You could have gone deep in the Amex Platinum extreme couponing benefits. 😂
@MarkReese
Жыл бұрын
Glad you found it entertaining 😄🎬
The Gold Card restaurant credits are pretty weak. Who eats at Cheesecake Factory (regularly lol)
@MarkReese
Жыл бұрын
That's why many people like Grubhub for pickup / delivery from a variety of restaurants.
Much respect for this one! Good video 😎
@MarkReese
Жыл бұрын
Thanks! 👊
Altitude Reserve is still better than connect because Connect has $95 annual fee after the first year. Reserve effective annual is only $75 after the very easy to use travel/dining credit of $325.
@MarkReese
Жыл бұрын
Altitude Reserve = great card 💯
Agreed that a lot of not-so-useful “benefits” these premium cards offered. Would love to see stats on how many Amex plat users utilizes their soul cycle benefits.
@MarkReese
Жыл бұрын
I'd like to see that, too!
BoA premium elite has the extra 20% airline savings
@MarkReese
11 ай бұрын
Indeed 👍
Man you let out so much anger here lol. Great video bro!
@MarkReese
Жыл бұрын
Had to do it!
If you did not think about buying something before seeing the coupon (especially with that Reserve Rewards Plus Card) then that is how you can overspend on a card. Unique video. Have seen that last card covered but not all eight of them elsewhere.
@MarkReese
Жыл бұрын
Yep, overspending ought to be avoided, despite the clever marketing of the banks 👍
1:39 that's... half the annual fee.
@MarkReese
Жыл бұрын
And ya gotta spend $50K to get it 😆
Very good explaining hidden print 😮
@MarkReese
Жыл бұрын
Thanks!
FWIW, the US Bank Altitude Reserve 4x passes works for me. My home airport is SFO which has only PP restaurants in the domestic terminals
@MarkReese
Жыл бұрын
Glad 4 visits works for you!
I agree if your not Platinum Honors then the Premium card is the better option. The life style credit has a lot of easy to use options like streaming services . Like you stated most premium cards have this. The incidental credit can be used for AA which no other card allows or United Travel bank. It has better protection and priority pass which you can gift to up to 5 family members or friend. plus the 1.2% travel portal redemption. I think this card gets drugged unjustly. It may not be for everybody just like every other premium card. but it is a good card for the right person
@MarkReese
Жыл бұрын
Definitely a fine card for the right person, but that person needs to be in the Preferred Rewards program. Otherwise, 2X and 1.5X is horrendous.
Awesome video. No we need an updated BEST benefits to coincide with this.
@MarkReese
Жыл бұрын
Glad you enjoyed it & thanks for the suggestion!
I just want the World of Hyatt cards to swap sign-up bonuses. I hate the Personal’s two tier SUB, and two tier SUBs in general.
@MarkReese
Жыл бұрын
I hear ya 😆 Hope to see a 1-tier offer on the personal one soon w/ a reasonable spend requirement.
@MattClausen
Жыл бұрын
@@MarkReese given the MGM/Marriott announcements I’m expecting changes from them and WoH in response at some point soon
I have no idea why anyone would pick the US Bank Altitude Reserve instead of the Capital One venture x. Almost the exact same annual fee but the venture x is better in every way.
@MarkReese
Жыл бұрын
Because it earns 3X on mobile wallet transactions, gives a guaranteed value of 1.5¢ per point, and has a $325 credit that can be used for travel outside of the U.S. Bank portal (and on dining). Translation: high-value + simplicity. You cannot get that value from the C1VX unless you get into the weeds of transfer partners & learn how to maximize points. You also need to use the C1 Travel portal to use the credit. We may maximize in this community, but we're in the vast _minority._
@mathewmclean9128
Жыл бұрын
@@MarkReese that's true. I forgot with the venture x you can only use the credit through the Capital One travel portal. That u.s. bank card is actually better then what I thought. I'm surprised when people do these comparisons of luxury travel cards, they never add the u.s. bank altitude reserve card in that mix.
Hello Mark, first, thanks for the great information you continue to deliver to the community. Great info and great delivery. Thanks again! Just wanted to add more detail on the SoulCycle credit from AMEX Platinum (re. “Dumb benefit #2”). Yes, it is likely there is just a small percentage who would take advantage of it, yet, for those who would consider it, there are really just TWO major players with similar offerings, and the credits AMEX offers were enough to change my decision into getting the SoulCycle instead of the Peloton bike. Details: bike was already discounted from $2500 to $1500, additionally AMEX issued an additional $300 credit for the purchase of the bike, and another $300 credit which covers an entire year of subscription (this, at least for now, should be an ongoing yearly credit, vs the one-time credit for the actual bike). The bottom line is that for anyone who is entertaining such a purchase, the $600 credit certainly makes it easier 😉. Regarding #6 BOA PRE card $150 “lifestyle credit”, yes, it may seem trivial but it is incredibly easy credit to get (e.g., gym subscription) without any work, and many of us appreciate simplicity. I agree that the non-Elite also has the same great multipliers (if a BOA Platinum Honors member), yet my personal view is that I use those points exclusively for travel, which the Elite version adds another 1.25x for a total of 4.375x for travel and dining, and 3.28x for everything else (when booking travel on BOA’s portal), while the non-elite card does not. In my case, the $300 airline incidentals (free to use across multiple airlines, unlike AMEX Plat and others) is also easier to use, so it does have a $100 effective annual fee (if we don't count the Global-Entry/TSA credit every 4 years), which I don't mind given the ease of use, and high multipliers across the board (again, if BOA Platinum Honors, and use points for travel booking via portal) Thanks again! Keep up the awesome work! You always bring great insight and we all learn something new or a different perspective that helps us make better decisions.
@MarkReese
Жыл бұрын
Excellent points above! Glad to hear you got value from the SoulCycle credit. Agreed on the simplicity of the BOA Premium Rewards Elite 👍 Well done on reaching the Platinum Honors tier! 🏆
You could add basically all of the "limited-time merchant offers" to this list that many cards offer. I just got one for my citi card, 5% back from exxon or mobile gas. Well the way you get that whopping 5% is stupidly convoluted. First you have to download the app, set up an account, add either google pay or apple pay which you should already have your citi card linked to, then you have to spend at least $30 (but mo more than $100) on Supreme+ gas. And all that for only 5% back for a short period of time. Im already getting 5% back with my other cards! Why would i go through all this trouble?? If i could just swipe my citi card at the terminal and get an extra 5% back on top of the 5% im already getting (with the custom cash card) then that would be cool. But offers like this are so utterly pointless!
@MarkReese
Жыл бұрын
Totally. I have no issue with "regular" card-linked offers as long as they require a 1-click activation. But the ones with multiple hoops to jump through? I always pass 😬
this was a good no bs vid
@MarkReese
Жыл бұрын
👊💯
Would be interesting to know how many have actually used the SoulCycle Amex Plat credit. Can't be too many. Great video Mark!!
@MarkReese
Жыл бұрын
There's a lot of anonymous cardholder data I'd like to see from the big banks 😁
Your point about the BoA PRE card is valid. The credits don’t do a good job of offsetting the AF. The ONLY reason I have the card is the 20% discount on flights. I use it as my airline card to get a decent return on my flight and not be loyal to any airline. I’ve also heard that airline cards are trash. If it wasn’t for that reason I’d switch to the $95 PR card.
@MarkReese
Жыл бұрын
Airline cards can be trash for earning miles on everyday spend, but they're great for benefits & welcome offers. Here's a link to another video in case you haven't seen it: kzread.info/dash/bejne/iZyDxtJxgcnfpdY.html
@joshcarter4324
Жыл бұрын
Thanks Mark! After watching the video I think it has convinced me to use the BOA PRE card even more! They are trash for earning miles but you have to put spend on them to earn premium benefits. Their flexibility is bad too. I don’t want to put spend on a card that won’t earn me a great return and keep me limited to one airline. With the BOA card I can redeem for a little bit more than 1 CPP and get boost with the Preferred Rewards. Plus flexibility with the airline and get premium seats. It’s pricey but it’s the most consistent airline card on the market.
However, Altitude Reserve's effective AF is $75, and Connect is $95.
@MarkReese
Жыл бұрын
Correct 👍 I still think 4 visits is too limiting for a top-tier, premium card.
@yurig2530
Жыл бұрын
@@MarkReese it's enough for most people, it's a bit worse than Amex Hilton Business/Surpass, but includes restaurants. The best access right now is Ritz, Prestige and CSR.
The CSP credit is nice in my opinion It helps make up that $45 EAF. I mean it's better to have an extra 10% than an extra 0%
@MarkReese
3 ай бұрын
💯
I was wondering if it’s possible if you can do a video on all the new benefits and all the pros and cons of the new American airlines executive card
@MarkReese
Жыл бұрын
I may do a new in-depth review of the card.
@charleswheat3251
Жыл бұрын
@@MarkReese I would love that because next month middle of August, I’m thinking about upgrading my AAA platinum card or downgrading it
@charleswheat3251
Жыл бұрын
@@MarkReese especially about those authorize user cards. Do they cost anything and do they get admirals club access? And can the primary user bring people in the club with him?
@MarkReese
Жыл бұрын
@@charleswheat3251 - Yes. AUs now cost $175 total for up to 3 users. After that, they're $175 each. Yes, they get their own Admirals Club access. Yes, primary cardholders can still bring in immediate family (spouse, domestic partner and/or children under age 18) OR up to 2 guests.
Mark, keeping it all real. This video is sooo funny 😂 I love it. Great work Mark 🎉
@MarkReese
Жыл бұрын
Thank you! 💯
Thanks for the info + video!
@MarkReese
Жыл бұрын
Of course!
Fantastic video 🎉
@MarkReese
Жыл бұрын
Thank you!
Mark. Is it better to have just one set up like either chase trifecta or amex or capital one or multiple set ups to maximize all the categories and have points from different carriers for flexibility in transferring partners?
@MarkReese
Жыл бұрын
Depends on individual goals, and likely how much you spend per year. If you use multiple setups with overlapping transfer partners - or some easy way to use different points for the same trip - that can make a ton of sense. But if you're not doing that, and don't have moderate to high spend, then it's probably going to be better to avoid getting a bunch of different setups if they don't work together in they way you need them to. It'd be lame to have like 10K points in 1 program, 23K in another, and 19K in a third at the end of a year and you cannot use them to book the flight or hotel you want.
@MarkReese
Жыл бұрын
Having said that, getting large welcome offers in different programs (that have use for you) can also make sense. I like to have big balances in different programs that I like to use so that when I plan a trip, I have a lot of options.
@treasurehunter1713
Жыл бұрын
@@MarkReese How much is considered moderate spending? And yes I do intend to get the sign up bonuses for all the cards then after that I will choose the best set up or set ups to keep. I'm at the beginning of my travel hacking journey so l have tons to learn. Thank you for your prompt responses & great videos! 😊
@MarkReese
Жыл бұрын
@@treasurehunter1713 - There's not an objective answer to that. To me someone with moderate spend would probably be around $30K - $60K per year.
I'm surprised the Bilt MasterCard didn't make the list. Don't be fronting, you know what I'm referring to Dano.
@MarkReese
11 ай бұрын
No, I don't know what you're referring to.
@ExtraGuac007
11 ай бұрын
@@MarkReese Sorry. Book em Dano / Hawaii 5-0 / 5x spending per month, on the Bilt MasterCard, to get points.. 😁
Another dumb benefit: Having the privilege of transferring your UR points to Amazon at .8 CPP, when you could just simply cash them out at 1 CPP and then go shopping at Amazon. (though of course it’s even better to use them for travel, but I digress)
@MarkReese
Жыл бұрын
Totally agreed! 💯
Hello. I have a quick question not related to the video. What is your opinion of reinstating the amex gold card? I closed it last month and did not realized that amex offer upgrade version. Is it ok to reinstate the amex gold card and same credit card number??? Thanks
@MarkReese
Жыл бұрын
Totally up to you. I've reinstated cards before because I found a new use for them. Not sure what you mean by "upgrade version." If you're referring to upgrading from the Gold Card to the Platinum Card, just realize you will not receive a welcome bonus. However, you could be eligible for an upgrade bonus if Amex targets you for one (e.g. via email, via online account, etc.).
@ritacristobal1285
Жыл бұрын
@@MarkReese ok. Good to know. In the app it says that you can upgrade and get 25,000 if spending 2,000. Andthank you for the information. I thought you will be eligible if it says upgrade to platinum from gold
@MarkReese
Жыл бұрын
@@ritacristobal1285 - If it's an upgrade bonus, then it should work. That said, have you had the Platinum Card before? If YES, then getting an upgrade offer is great. If NO, then you may want to consider applying for the Platinum Card via new application to get a much bigger bonus (80K, 100K, 125K, 150K offers may be available). If you take the upgrade offer for 25K instead, then generally speaking you cannot get one of the bigger offers in the future.
@ritacristobal1285
Жыл бұрын
@@MarkReese yes i have platinum before but i closed it already and kept the charles swab. Thanks again. You are the best.
8:06 either Marriott or Hilton will change this soon. I believe Hilton will start using points limit
@MarkReese
Жыл бұрын
Who knows. The last change Hilton made to the certificates was positive. They went from being only redeemable for weekend nights to now any day of the week.
Makes me wonder how much worse can they get? 😅
@MarkReese
Жыл бұрын
😆
Video Suggests -Best Card for Each Category 2023 -Best 5% Cashback Cards 2023 -Best Catch All Cards 2023 -Best Card for Mobile Wallets -Product Change Rules from Each Issuer
@MarkReese
Жыл бұрын
Thanks!
Great Video calling out the card issuers on their BS Credits... Some of them are downright hilarious... Cannot agree with you more on BoA Premium vs Premium Elite. 550 AF card having exact same earning structure as -5 effective AF card is just height of stupidity from whoever designed the BoA credit cards....
@MarkReese
Жыл бұрын
😁👍
The $550 BoA card is metal & the $95 BoA card is plastic right? There is the price difference!
@MarkReese
Жыл бұрын
Haha the $95 version is metal / plastic mix. Definitely a lot less than the $550 version.
it is a 10% higher bonus it's just that 1.1 points per dollar instead of 1.0 points per dollar of which neither are not very good, so I agree it's a almost worthless benefit, although accurate marketing.
@MarkReese
Жыл бұрын
Yep that's right 👍
Lol I love this
@MarkReese
2 ай бұрын
😁
Thought of those 2 new borderline useless Marriott cards as soon as I saw this video title. On top of everything you said about them, both Chase and Amex have cards with a $95 annual fee that give you a 35k cert every year with no spend required (though you need to do product change to get the Amex one). Yes it's less valuable, but I feel like I'd much rather get that cert every year for $95 then put that $15k in spend on another card with much better multipliers than the Marriott cards. While on the topic, I think it's annoying that basically all the personal Marriott cards have the same Marriott multipliers. Come on Marriott/Amex, for $650 per year you can't at least give me 8x on Marriott properties on the Brilliant?
@MarkReese
Жыл бұрын
Yep there are a handful of hotel cards offering annual night certificates with no spend requirement. I like the ability to use them with points via Marriott & IHG. Hyatt needs to follow. I hear ya on the Brilliant's multipliers!
@ThePerfectElement555
Жыл бұрын
@@MarkReese 100% agree, it would be amazing if we could top up Hyatt certs with points!
Love this. Nice to see, some cards having some amazing benefits and some cards benefits absolutely stink lmao.
@MarkReese
Жыл бұрын
😁👍💳
***Just in, Qatar airways is Amex's newest airline transfer partner!***
@MarkReese
Жыл бұрын
Indeed! Nice for convenience 💯 However, since Iberia, British Airways, and Aer Lingus have been Amex partners for awhile - all of which earn Avios just like Qatar - it's been possible to indirectly transfer Amex points to Qatar's program even before this addition.
@tarrius1210
Жыл бұрын
@@MarkReese Thanks Mark, I had to calm down remember that flying Qatar 🇶🇦 airways is still possible through British airways etc 😌(sigh).
Last year i was able to earn $13 from the 10% boost on the CSP. 😞 So I decided to step up game. This year i will earn $16 😮 I see this as a complete win!!! 😆
@MarkReese
Жыл бұрын
That's like $1.3 / mo.! Rolling in the money! 💵
You seem to be under the mistaken impression that these credit card companies are trying to get their customers to live a certain way. In fact, the credit card companies would prefer that their customers don't live that way. It's much more profitable. It is not the credit card companies intention to make their credit cards profitable to their customers.
@MarkReese
Жыл бұрын
Agreed that the credit card companies are focused on profitability 👍 Also agreed that they're probably trying to tap into existing customer spend patterns & have those people use their cards instead of a competitor. I suppose I was trying to say that a lot of the new partner-driven credits / benefits that we're seeing are frustrating (at least to me). As an example, the revamped Citi AA Executive card now features benefits with Grubhub, Lyft, and Budget/Avis. I'd personally want an AA card for the AA lounge access and AA-specific benefits, not to engage with other companies that I don't use. But clearly Citi / AA must know what % of their customers DO use those partners and WOULD likely use their AA card more often with those benefits added. For me, however, I see these 'coupon' benefits as a list of "have to do's" rather than "want to do's." More work keeping track of things, esp. since there are now multiple cards with overlapping benefits.
someone's getting his accounts closed soon 😏
@MarkReese
Жыл бұрын
😬
👍🏻
@MarkReese
Жыл бұрын
👊
1st!
@SDOfficer
Жыл бұрын
Nope! LOL
@MarkReese
Жыл бұрын
Almost! 😁🥈