Description: The article focuses on citi com activate. The author of the article is going to show us some information about the comparisons between Amex Membership Rewards and Chase Ultimate Rewards, he is willing to compare chase ultimate reward points which should be related to wealth American Express membership reward points.
It’s a passion for math Sebby and today we are going to compare chase ultimate reward points, so these are our points wealth American Express membership reward points, so these are M our points, the main reason is that this is a question which is asked very often and these point programs are better in which one makes more sense for them.
We’re going to look at the best use cases for both of these programs and then also some metagame, you might want to consider them, so in terms of the short-term as well as the long-term since I feel like we typically start off chase a lot, let’s start off American Express, so here you’re going to get the most value from your Mr points.
If you redeem for F or for J in case, they’re not aware F and J stand for first-class and business-class flights, so you’re not going to be booking these trips on their portal, you’re going to be transferring out the points directly to the partners and then using those points in order to book for these redemptions.
The main reason for this is that you’re going to get significantly more value, when you look at the cost of some of these, first our business class flights, they can easily be six thousand to twenty five thousand dollars for me, one of the reasons why I started doing this is to experience things that I otherwise wouldn’t be willing to pay for.
These types of experiences fall firmly into this category, if I can use points to do this, if I can share the journey, that’s awesome, but at the same time, I’m not going to drop twenty-five thousand dollars on something, that’s going to last for 12 hours.
If you are thinking about doing this, the one thing you need to be aware of is that it is going to cost you a lot of points, so a good way to think of it is that if economy costs forty thousand points, business class is probably going to cost seventy thousand first class 80 thousand it for someone relatively young that it might not make sense to do this for a lot of people in that category.
It probably makes sense to do two trips instead of one fancy trip on the flip side, if you are a bit farther along in your career, maybe you are in a position where you don’t mind spending some money in terms of the economy flights, then to me, I think it makes sense to use your money, it’s a book economy flights, so go on something like Scott’s cheap flights or any other deal side, you can typically find solid deals and then user points towards these business and first-class redemptions.
I’m in a position where I don’t mind paying four or five hundred dollars for a round-trip flight to Asia and the economy, but I guess it depends on you, for some rough chase points that finding these deals are going to be very beneficial and we’re going to talk about that a bit more.
When we talk about chase stuff one question, you might be wondering that while you couldn’t do transfer, partners will chase ultimate reward points as well, the main difference is that American Express has significantly better partners.
When I talked about getting significant value, I’m talking about getting outsized value, so getting those crazy valuation expensive flights that you otherwise wouldn’t pay for a lot of the other partners that Chase has you know exactly what the points are going to be worth.
So if something like Southwest, it’s basically pegged to the price at the flight, you’re not going to be getting a ton of value again, if you find a cheap flight, then it works out well, but it’s not like if there is an expensive flight using points, it’s not going to be cheaper jumping to chase.
You’re going to get the most value from Hyatt Hotels as well as the deals that we talked about chase ultimate reward points transfer out to Hyatt at a one-to-one rate, there are a lot of good redemptions typically in the twenty to thirty thousand range.
Even if you look down at the five thousand range depending on where you’re going, you can save a ton of money, when we went down to Arizona, we ended up staying at two different Hyatt places, it only costs 5,000 points and there were a few promotions which made it a bit cheaper.
But if you looked at the going rates based off the actual price, you would have to pay about two hundred dollars per night, if you looked at the prices for these places, it seems to be a bit lower, so maybe it was a busy weekend, but you were still getting a ton of value even at these lower prices 5,000 points at $100 a night is about two cents per point.
As a $200 figure that we mentioned, that’s four cents per point, you typically want to get at least one point five cents per point, so here by transferring your points out, you’re getting more value than you would by booking directly on the travel portal.
Most of the other hotel programs within chase aren’t worth transferring your points out to, in my opinion, at least I feel like Hyatt is a good sweet spot where there are a lot of good redemptions, obviously, similar to everything else who do you need to price it out, so look at the value of your points in terms of what you’re spending there in order to transfer it out based off the going rate and then see whether it’s cheaper.
If you go through the travel portal and the other thing a lot of people don’t consider is that by transferring the points out and instead of paying you avoid a lot of the taxes, so if you go to a place that has high hotel taxes saving up or being a very good example of this or something like 20 percent in total taxes, you’re going to save a ton of money.
Another benefit of transferring your points is that if you’re going to all-inclusive resorts or places that have other resort fees, because when you do a Redemption like this, you don’t need to pay any resort fees, so again typically if you go, you may be paying twenty thirty fifty dollars per day per person, but here you don’t need to pay anything.
The second good way of using your points are going to be to find cheap flights, so you’re transferring your points out to something like Southwest where you’re getting a fixed value for those points or you’re going to be using the travel portal and booking it at one point two five or one point five cents per point.
I’d recommend pricing all of this out, so you know what the cheapest route is, one thing to be aware of is that if you don’t have a specific redemption in mind, then don’t transfer your points over, because you don’t want to lock yourself into one program, because you’re thinking of flying Southwest, don’t transfer your points over it, because if you decide to change your minds, you decide to fly United instead or something else entirely.
Then by transferring your points, you’re locked in the Southwest Wolfer United, you might also get some value from last-minute flights, so if you do transfer partners, transfer it out, you’re paying that fixed rate for that specific route and you’re going to probably save money, because last-minute flights are expensive.
To summarize all of this, if you’re looking to fly first-class or business class, I would recommend American Express, if you’re looking to redeem it Hyatts or if you are looking to fly discounted airlines or find deals or something last-minute, then I’d recommend chase.
When I talk about last-minute, I’m specifically talking about United, so if you don’t like United, then the strategy is not going to work for you, so given all this information, there are a few other things to be aware of and the first thing is the metagame, so 5:24 being a very big restricting role.
If there’s someone in the early game and you’re not sure what to do, I’d recommend filling out a consultation on our website that way, we can talk about strategies that you might want to take, if you are in this stage, then by definition chase points are probably going to be more valuable for you, because you probably don’t have any of these sign-up bonuses.
You want to get these points while you can still have a good way to think of it, you can go chase to American Express, but if you want to American Express, you’re probably not going to be able to get these chase cards unless you decide not to apply for anything for two years for most people.
I recommend the chase trifecta, so this is the freedom for the five expect four different categories freedom unlimited for 1.5 expect everywhere else and either the CSP or the CSR depending on which one makes more sense for you and then potentially adding in something like the chase Inc preferred card or in cash card depending on whether you have a business for the Inc cash and the Inc preferred card.
Even though they are cards affected by 5:24 since they are business cards, they do not add to 5:24, it’s a weird distinction about it, because if it doesn’t go on your credit report as a new accounts, it’s not going to add to it, so even though I mentioned five cards here in terms of your 5:24 rating this is only going to be three cards.
Once you have this down, then it might make sense to move on, because for a lot of people, if they don’t care about your netid or marry it or Southwest, then having these additional cards probably is not going to help them moving on into the meta game for American Express.
You don’t have to worry about anything like 524, but you do need to worry about the once-in-a-lifetime role, so this says that for most cards, you’re only going to be eligible for the bonus, once in a lifetime, there are a ton of exceptions around this though, so sometimes American Express will launch new cards where they end up giving you the card without that specific language meaning that you can get the bonus again.
This typically means that you want to wait for the increased offers when possible, but it’s a balancing act, because there are some people who end up waiting for a few years and they still never get anything, for example, there’s someone who filled in the consultation telling me that they are based out of SFO while they fly every other weekends.
They could have benefited from the Centurion lounge, but they’ve been waiting for that hundred K offer and they’ve never gotten it, so in terms of sign-up bonuses,I would chase first and then once you have done with that, then I would go to American Express in terms of long-term spending on the cards, it depends on what you’re looking for.
So whether you’re looking to do that first class or business class flight or whether you’re looking to do more normal travel, it also depends on your spend, so for someone who spends a lot of grocery stores, then focusing on the American Express system might make more sense given the multipliers on those cards at the end of the day.
There’s not a better program, there’s a better program for you, so you need to figure out what makes the most sense for you and then obviously take that route, so I hope that was helpful and let me know if you have any questions, my question for you is which of these routes make more sense for you, let me know in the comments down below, if you like this video, give it a thumbs up, it helps us out and if you know anyone else who’d benefit from what we talked about, feel free to share this with them, because it’s probably going to help them out, by the wise, hope you liked it, see you next time.