- Chase United MP Explorer is offering a public 55K miles bonus, without an annual fee waiver. For quite some time, the same offer is targeted to many United MP members, and of course the public offer is always better. Note that the business version still offers a 50K mile bonus with the first year annual fee waiver.
- We noticed the landing page for JPM Ritz-Carlton Visa's three Tier 1-4 free night offer was dead and re-directed to the new (and reduced) offer of two free nights. The old application link was kept alive for a few days before pulled. However, there is a landing page for three free nights that indicates an expiration date of November 30, 2016. You may try it at your discretion, with the worst scenario being you just receive two free nights instead of three. Note that Ritz-Carlton Visa is currently exempt from the infamous Chase 5/24 rule which disqualifies you from getting a new Chase card if you have opened five or more credit card accounts in the previous 24 months. As long as you did not receive a signup bonus on the Ritz-Carlton Card within 24 months, you are eligible for the new signup bonus. Keep in mind that you can't redeem the free Tier 1-4 certificates at 13 top-tier (Tier 5) properties including The Ritz-Carlton in New York Central Park, Bachelor Gulch, Naples, Miami South Beach, Miami Bal Harbour, Miami Key Biscayne, Grand Cayman, St. Thomas, Tokyo, Kyoto, Hong Kong, Shanghai Pudong, and Dubai. However, there are still some amazing properties that are Tier 1-4, such as the ones in Half Moon Bay (rates from $599 per night), San Fransisco (from $399), Laguna Niguel (from $479), Los Angeles (from $409), Washington DC (from $329), Georgetown Washington DC (from $409), Boston (from $345), Dallas (from $399), Charlotte (from $399), Reynolds Lake Oconee (from $309), Maui Kapalua (from $399), Cancun (from $299), Aruba (from $299), Hotel de la Paix in Geneva (from $475), Vienna (from $360), Herzliya (from $395), and Macau (from $460)
- We discovered the website for Visa Infinite Hotels that is available to any U.S. issued Visa Infinite card. Visit VisaInfiniteHotels.com to book a hotel - you have to type in your Visa Infinite card number before start searching for hotels. Visa Infinite Hotel Collection covers a subset (~200) of Visa Signature hotels (900+ luxury hotels and resorts worldwide) but offers an extra perk such as a $75 dining credit or $100 spa/hotel/rate credit per stay, in addition to Visa Signature Hotel Collection's 7 perks (guaranteed lowest rates, daily complimentary breakfasts for two, room upgrades upon availability, late checkout upon availability, $25 food and beverage credit per stay, free room wi-fi, and VIP amenities). Currently, the only three U.S. issued Visa Infinite cards - CNB Crystal, Chase Sapphire Reserve / JPM Reserve, and JPM Ritz-Carlton Card - participate in both programs.
February 8, 2017 Update - Chase United MP Explorer 55,000 miles, Ritz-Carlton Visa three free nights ending soon, and details of Visa Infinite Hotels
There have been quite some updates throughout the site and these are the highlights for the past week.
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.
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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.
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The public link for Chase United MP Explorer Card 55K offer has expired. However, you may still use the old trick to see if you qualify for this widely targeted 55K if you follow these steps.
1. Open a private browsing window in your browser (Incognito in Chrome, Private in Firefox or Safari, InPrivate in IE).
2. Visit UnitedExplorerCard.com/50bonus (an alternative link is UnitedExplorerCard.com/A83).
3. On the page, log in into your United MP account and if your page is redirected to https://www.theexplorercard.com/50kAFW then you qualify for the 55K offer.
You will need to spend $2,000 within 3 months to get 50,000 miles. And if you add an authorized user and s/he uses the card for the first time, you will receive an additional 5,000 miles. Like always, the $95 annual fee is waived for the first year.
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)
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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.
While there has always been a widely targeted 55K offer for Chase MP Explorer, now Chase again brings back a public link for a limited-time offer through 6/2/2015. You will receive 50,000 miles after spending $3,000 within 3 months and an additional 5,000 miles if you add an authorized user and make a purchase within 3 months.
Chase has been keeping a secret/targeted 50K offer for its United Business MP Explorer for a while. Now there is a public link to the same offer - spend $2,000 within 3 months and receive 50,000 miles & your $95 annual fee is waived for the first year. You will need to log into your United account to proceed with application. Please note that this offer is for the business version of the MP Explorer and there is currently no 50K offer for the personal MP Explorer.
Landing Page for 50K Business Card offer
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).
Dr. Credit Card helps you to find the best cards and the best signup deals for you!