- Barclays Arrival Plus World Elite MasterCard has an increased signup bonus of 50,000 miles (value $525 in travel), from 40,000 miles.
- Amex Business Platinum Card is offering an incredible 75,000 points, and with an effective annual fee of $250, our value of the signing up this card is $875.
- Amex Business Gold Rewards Card is offering a 50,000 points with a first annual fee waiver (our value $750).
- Chase Hyatt Visa's first year annual fee is NOT waived anymore. The signup bonus is 2 free nights after spending $2,000 within 3 months + 5,000 points for adding an authorized user.
- We finally reviewed Korean Air SKYPASS Visa. Unless you are need the signup bonus (there are targeted offers of 40K) or you need the up to 20,000 elite qualifying miles towards Morning Calm Club, you'd better to consider Amex SPG, Chase Sapphire Reserve, or Chase Sapphire Preferred, as they all allowed points to be transferred to Korean Air miles.
- Starwood Preferred Guest (SPG) has added Avianca LifeMiles as a new transfer partner at 1:1. You also receive a 5K bonus if you transfer 20K.
We have been working on numerous updates throughout the site during the last couple of weeks. Here I would like to highlight some updates.
Chase Sapphire Reserve Visa Infinite is finally here with an incredible 100K points bonus and officially rated #1 Best Credit Card by Dr. Credit Card
The wait is totally worth it! It has been rumored for several months that Chase would introduce this high-end Sapphire in August with a 100K points signup bonus - and now everything has come true. Please see our review for the new Sapphire Reserve Visa Infinite for details of this new favorite. Here is the new card in a nutshell:
Sapphire Reserve is now ranked #1 in signup bonus, #3 in rewards, #9 in perks, and #3 in protection, among all credit cards. By a large margin, it beats Citi Prestige to become the new #1 Best Credit Card by Dr. Credit Card! Let's look at side-by-side comparison of the old (left) and new (right) lists of Top 10 Best Credit Cards by Dr. Credit Card:
There are several changes: (1) Chase Sapphire Preferred uncrowns Citi Prestige, while Barclays Arrival Plus WEMC falls off the Top 10 list; (2) Citi ThankYou Premier falls from #2 to #6 due to its disappearing signup bonus; (3) there are some minor adjustments due to some changes in signup bonus and perks.
The last thing to know before applying Sapphire Reserve is that the so-called Chase 5/24 rule seems to be strictly enforced for online applications: if you have 5 or more new accounts opened and shown on your credit report in the past 24 months, including credit cards from all banks, possibly mortgages, loans, lines of credit, and even accounts as authorized users, you will get denied automatically by Chase. There are reports which indicated (1) applying in Chase branch when you pre-qualifies for the card or (2) applying as a Chase Private Client may bypass the 5/24 rule.
© 2016 DrCreditCard.net All rights reserved.
Hello, this is Sean aka Dr. Credit Card. This is probably the most interesting post I have written since I started this website and blog in 2011. Most previous posts were about credit card offers, and a few were my analysis of value (and changes) of miles/points. I never really talked about how to use miles/points, since I figure that is really up to each individual to decide. What works for me might not work for you. However, I have been debating about that approach a lot. I was already touching on the value of miles/points quite a few times as it is inevitable, and each time I tried to make it clear that it was our valuation and “your mileage may vary”. Basically the value comes down to how much I would pay for an airline ticket or a hotel night if I don’t have miles/points, rather than how much the airline/hotel charges. For example, if a round trip long haul business class ticket retails at $6,000 but will cost 120,000 miles to redeem, my miles value is not 5 cents per mile ($6,000/120,000 miles), but rather 1.8 cents per miles since I am willing to pay ~$2,200 for that ticket. I have realized many of you got confused about that part, and I think sharing some personal experience may help you understand it better and also showcase how credit card offers could be extremely lucrative.
Note that many of the programs I used in the examples have devaluated or were even discontinued after our trips, but I think the moral of the story is how credit cards enabled me and my family to have some amazing experience that we wouldn’t have afforded otherwise.
Earning: 38 cards, 2.5M miles/points, and 12 free night certificates in five years
In the past five years, between my wife and I we opened 38 new credit card accounts, and earned about 2,500,000 miles/points in 18 different programs, plus 12 free night certificates. These miles/points were all from signup bonuses and did not include the miles/points we earned through spending or other program promotions. Since 4 of the cards offered free nights in lieu of miles/points as signup bonus, we earned an average of ~74K miles/points per card for the remaining 34 cards. All these may seem a lot, we are not considered aggressive at all - we each opened about 2 cards every 6 months to ensure our credit scores stayed excellent - in fact our credit scores gradually improved over these years. There are many people out there, including some of our readers, opened much more cards per year. If you visit our Deals page, you will see that all offers we recommended have at least 40K miles/points bonus, and over the years there have been quite a few offers in the 75K-100K range. What I am trying to say here is that if we could do it, you can do it.
Experience: long haul first class/business class flights, luxury hotel rooms/suites, and many amazing memories
I will use some of our most amazing miles/points redemptions as case studies. They are not in order of time/card/program, but rather random.
© 2016 DrCreditCard.net All rights reserved.
Chase has brought back 50,000 points offer for its Sapphire Preferred (5,000 additional bonus for adding an authorized user, 1st year free)
Since early 2012 the best offer for Chase Sapphire Preferred, one of our favorite cards, has been 40K points, until recently Chase finally brought back the 50K offer. You will receive 50,000 Ultimate Rewards points after you spend $4,000 within 3 months of account opening. You will also receive an additional 5,000 points for adding the first authorized user and making the first purchase within 3 months of account opening. 55K points are worth $550 in your checking account or $687.50 when you redeem for travel rewards, or can be transferred to 55K miles/points in frequent traveler programs such as United, Southwest, British, Korean, Singapore, Hyatt, etc. Note that the spending requirement of the new offer does increase from $3,000 to $4,000. The $95 annual fee is waived for the frist year.
© 2015 DrCreditCard.net All rights reserved.
Chase limited time offers for Ink Business Cards - 60,000 points for Ink Plus and 30,000 points for Ink Cash
Chase has brought back limited time offers for its two Ink Business Cards.
Landing page for Ink Plus 60,000 points offer (working as of March 2016)
Application page for Ink Plus 60,000 points offer (expired)
Landing page for Ink Cash 30,000 points offer (back to 20K now)
Application page for Ink Cash 30,000 points offer (expired)
© 2015 DrCreditCard.net All rights reserved.
Chase Hyatt Visa two free nights & $50 statement credit & 5,000 points for adding authorized user & 1st year free (easy links)
The standard signup bonus for Chase Hyatt Visa has been two free nights, but there has been a way to get an extra $50 statement credit if follow this post. Now Chase has a public landing page for a slightly better offer - you will receive two free nights which can be redeemed at any Hyatt properties worldwide after spending $1,000 within 3 months, 5,000 points for adding an authorized user and make the first purchase within 3 months, and a statement credit of $50 after the first purchase. As always the annual fee is waived for the first year.
Chase has had 60,000 points bonus offer for Ink Plus in branch. Late last month, it made a similar offer online and now we are in the last week of this limited time offer which ends June 25, 2015. You need to spend $5,000 within 3 months to get the signup bonus and the first year annual fee is waived (saving $95). Chase Ultimate Rewards points can be redeemed for travel at 1.25 cents per point and the signup bonus could be worth $750. Ultimate Rewards points can also be transferred to 10 airline/hotel partners' miles/points and your value may be even higher.
The regular signup offer for Chase Ink Plus is 50,000 Ultimate Rewards points. Now for a limited time, Chase has increased the signup bonus to 60,000 points while keeping the annual fee waived for the first year, saving $95. There is no online link - you have to open the new account in a Chase branch. You need to spend $5,000 within 3 months to get the signup bonus.
In the past couple of years, Chase had the similar 60,000 offers a few times and also had a one-time 70,000 points offer (but without the annual fee waiver).
Looks like Chase has pulled Ink Bold from its website. And since the public 70K offer for Ink Plus has expired, the best public link for Ink Plus is now back to 50,000 points. As usual, you need to spend $5,000 within 3 moths of account opening to receive 50,000 Ultimate Rewards points which can be transferred to United, British, Korean, Singapore, Southwest, Hyatt etc. The first year annual fee is waived (saving $95). There are reports that you can still walk in to a Chase branch to get Ink Plus 70K and Ink Bold 50K - you can try it but we don't think those offers will last long.
Landing page for Ink Plus 50,000 points
We blogged about the at branch only 70K Ink Plus offer back in July. Today the same offer is open to everyone online, saving you a trip to your local branch. You need to pay the $95 annual fee and spend $5,000 within 3 months of card opening to receive 70,000 Ultimate Rewards points, which can be worth $875 when redeemed for travel or can be transferred to frequent travel programs such as United, British, Korean Air, Hyatt, etc., at 1:1 ratio.
The Landing Page
The Application Page
Like always, we only post public available links with no referral commission given to us or anyone else, which we think is the only way to have unbiased articles and reviews.
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