Earn 5x at Department Stores with Chase Freedom

I've written about the Chase Freedom card a number of times including post about the 5x category (restaurants) last quarter.  Freedom is one of the best "fee free" cards on the market.  While the card is marketed as a cash back card, if you have another Ultimate Rewards earning card (such as an Ink business card or a Chase Sapphire Preferred card) you can transfer the cash back points earned to your Ultimate Rewards earning card.  You can then use those points to transfer to a variety of travel partners (British Airways, United Airlines, Hyatt, etc..) which provide far more value then simply redeeming for cash back.

Chase Freedom provides a quarterly bonus where you can earn 5x cash back (and ultimately 5x Ultimate Rewards) on up to $1,500 in spend per quarter.  During Q3 the bonus categories included restaurants and warehouse clubs (i.e. Costco).  While the quarter isn't over, I've already maxed my 5x bonus and Emily is getting pretty close.  

Registration/activation is open for Q4 which offers 5x at department stores, warehouse clubs, and drug stores.  While I was hoping for a 5x (or a 10x) bonus at Amazon, these categories are pretty solid for holiday shopping.  Between warehouse clubs, department stores, and gift cards from drug stores, we should easily be able to do some of our holiday shopping at 5x.  

Review: Turkish Airlines Business Class 777-300ER New York to Istanbul

Introduction
Introduction Part Two
Planning & Booking
Sheraton JFK Airport
Lufthansa Business Class Lounge JFK
Turkish Airlines Business Class 777-300ER New York (JFK) to Istanbul
Turkish Airlines Istanbul Arrivals Lounge
St. Regis Istanbul
Turkish Airlines CIP Lounge Istanbul
Turkish Airlines Business Class A330-300 Istanbul to Male
Transfer from Male to Conrad Maldives
Conrad Maldives
Transfer from Conrad Maldives to Male
Singapore Airlines Business Class 777-200 Male to Singapore
Crowne Plaza Changi Airport Singapore
Singapore Airlines SilverKris Business Class Lounge to Singapore
Singapore Airlines Business Class 777-300ER Singapore to Tokyo (HND)
Andaz Tokyo
ANA Suite Lounge Tokyo (NRT)
ANA First Class 777-300ER Tokyo (NRT) to San Francisco

Turkish Airlines TK4
New York (JFK) to Istanbul (IST)
August 18, 2016
Aircraft:  777-300ER
Seats:  3A/3B

Boarding was called in the lounge and we proceeding to the gate.  There was already a dozen people queuing in the business class line when we arrived.  At this point we were a few minutes passed our boarding time so I checked FlightAware and our departure was pushed back 30 minutes.  We each made a few last minute calls while standing in line and then boarding was finally called.  Note that no announcements were made about the delay.

We boarded and bounded down the jetway before turning left into the larger of two business class cabins.  We were seated in 3A/3B in four row cabin setup 2-3-2.  

Turkish Airlines 777-300ER Business Class

While seating in the middle of the middle section would really suck, that wasn't  a problem for anyone on this flight.  The cabin seats 49 and we pushed back with roughly 25 seats occupied.  We had flown Turkish a few times in 2013 but we were eager to see how the service and product had evolved since.  We would not be disappointed.

When Do Chase Sapphire Reserve Travel Credits Post?

The Chase Sapphire Reserve $300 annual travel credit is one of the most lucrative benefits the card offers.  But how fast do credits post?

First, the credit triggers automatically which is awesome.  Second, it triggers on everything from airfare to hotel spend to carshare to Uber.  And third, it seems to hit within a business day.

I've already received my $300 credit for 2016 after spend with Car2Go, Uber, and a prepaid hotel stay.  That's before my $450 annual fee hits which I'm assuming will be billed upon the closing of my first statement.

I'm looking forward to another $300 travel credit in January!!

Starwood & Marriott Merger Complete

The marriage between Starwood and Marriott is finally complete and the drama is over.  The merger closed yesterday and both companies have already made a lot of progress in terms of merger integration.

I worked for W Hotels in 2003 and have been a Starwood loyalist ever since.  While it's a bit sad to see the Starwood name go away and the company folded into the world's largest hotel chain (now with 30 brands!!) I was pleasantly surprised with the rollout on Friday.

Accounts linked

Why the Chase Sapphire Reserve is the Most Lucrative Credit Card in History

It's been a few weeks since the Chase Sapphire Reserve debuted to an online frenzy unseen in the travel hacking world.  There were articles in mainstream publications from Bloomberg and the New York Times.

Chase ran out of the sleek (and heavy) metal cards everyone is so wild about and had to start issuing plastic cards until they can get some more metal.  Travel bloggers (other bloggers...ones without other full time jobs) dedicated entire weeks to just posting about the CSR...why you should get it, how you can get around the 5/24 rules, what you should do with the 100,000 Ultimate Rewards points, etc...

Why is everyone going so nuts? 

Because this is seriously the most lucrative card people have ever seen.  The 100,000 point sign-up bonus alone is worth a minimum of $1,500 in free travel.  Used wisely, you can get a lot more value out of it than that.  But the annual fee is $450?  Is it really?  Let's break it down:

• 100,000 point sign-up bonus and a $450 annual fee
• $300 annual travel credit is essentially as good as cash
• Priority pass with complimentary guests
• Global Entry $100 credit (once every four years)
• 3x Ultimate Rewards earnings on travel and dining

If you value the travel credit as cash then the annual fee is down to $150 a year.  Assuming you value Global Entry and TSA preCheck, then you've got another $20 a year (renewals on Global Entry every 5 years) off the annual fee.  Now you're at $130.  If you use the Priority Pass benefits just once per year for you and a spouse/friend, you're down ($27 each) to $76.  That's cheaper than the Sapphire Preferred Card ($95) and you're earning 3x on travel and dining vs. 2x.  That is an INSANE deal.

To close it out, I think the buzz is justified.  This isn't a product just for credit card junkies but really for the mass of people that eat out, like to travel, and our savvy enough to take control of their financial life.  I think that is a large segment of the market and many of them are young.

No way Chase keeps the benefits as they stand today forever.  But for now, everyone that has enjoyed the Sapphire Preferred benefits should go out and get this card with the monster signup bonus and attached benefits.  Even if you don't value the benefits beyond the travel credit, the extra 50% bonus on travel and dining should be enough for most everyone to get more value out of this card than the CSP.  If you spend $500 a month on travel and dining, that's an extra $6,000 in spend per year and an extra 6,000 Chase Ultimate Rewards.  They're worth a minimum of 1.5 cents in travel so that's $90 in incremental value over the CST.

Kudos to Chase for one-upping Amex and Citi (and everyone else) with an outstanding new product.  Even with a $450 annual fee, I plan on keeping my Reserve card going forward.  

American Express Business Gold Upgrade to Platinum Offer

Emily's had the American Express Business Gold card for nearly a year.  She met the minimum spend to earn 50,000 Membership Rewards points after spending $5,000 in 90 days.  While the annual fee was waived for the first year, her card anniversary is coming up later this month.

I logged in to her Amex account over the weekend to see if the fee had posted yet.  I found this offer below in the "Offers" section.

The offer provided 50,000 Membership Rewards points after upgrading to the Business Platinum card and spending $10,000 in the first 5 months.  While $10K in 5 months is a lot, it's doable.  So we basically have three options.

1)  Cancel the Business Gold card to avoid the upcoming $175 fee
2)  Call Amex for a fee waiver (or some other MR point earning offer)
3)  Upgrade to Business Platinum and work towards meeting the $10K minimum spend

Yes, $450 is not an insignificant annual fee.  But for that fee, we'd earn a $200 airline credit in 2016 and in 2017.  So that would reduce the out of pocket (valuing airline credit as cash) to $50.  And after spending $10,000 over the next 5 months, we'd have an additional 60,000 Membership Rewards points.

I value the bonus at near $1,000 so I'm leaning towards upgrading her account and working on the minimum spend.  What do you guys think?

I Earned How Many Points at the Conrad Maldives?

Hilton's HHonors program seems to be especially lucrative on the surface.  When you consider that as a base member, you're earning 10x points (vs. 2x at Starwood) per dollar spent on rooms, you can earn a lot of points quickly.

Earning HHonors Points

On top of that you can earn an additional 5x points if you choose "Points and Points" as your "My Way" option.  Gold status (easily obtained with several credit cards) will add another 25% on top.  Frequent bonuses (like the current 2x bonus) add to the bounty.

Conrad Maldives Rangali Island

I knew that we'd be earning a ton of points in the Maldives.  I was planning to put all of our incidental spend on the Hilton Reserve card which earns an additional 10x points on Hilton portfolio spend.  I had read mixed reports that the seaplane journey (1120 USD) would earn points but was hopeful.

We've returned from our trip (review forthcoming) and points have posted to my HHonors account.  I expected that I would earn 40x in total on $2,100 in total spend.  It was WAY more than that.  I earned 140,516 points during my stay.

HHonors Earnings

I've yet to receive the points from the spend on my Reserve card but expect that to be 21,000 points.  Add that to the 140,000+ points earned and I nearly earned enough points to return to the property for a couple of nights (190,000).  I still can't quite figure out the math but I can confirm that I earned points (at least from HHonors) for the seaplane expenditure.  That's a nice return on what is a mandatory (and very expensive) 30 minute ride to the resort.

I value Hilton Honors points at around .7 cents per point meaning the total rebate I received was around $1,130.  On $2,100 in spend.  Maybe I should consider a full time move to the Conrad?