Category Archives: Credit Cards

Should I Keep Both Chase Sapphire Reserve & JPMorgan Chase Ritz Carlton Credit Cards?

Good morning everyone, I have a dilemma on my hands.  The $450 annual fee is posting in the next 2 months on my JPMorgan Chase Ritz Carlton Credit Card and I need to decide if I should keep both my Chase Sapphire Reserve Credit Card and JPMorgan Chase Ritz Carlton Credit Card.  Both credit cards have $450 annual fees and I don’t *need* both credit cards, but what should I do?  As a reminder, I recently converted my Chase Freedom into a Chase Sapphire Reserve, but I have had my JPMorgan Chase Ritz Carlton Credit Card for almost 3 years (I applied for this credit card when the sign up bonus was 140,000 Marriott Points).  I will walk through all the perks for both credit cards and see if I have a clear answer by the end of this post.

Contender 1: Chase Sapphire Reserve Credit Card

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10,000 AMEX Membership Reward Points for Enrolling in Extended Payment Option

Some miles and points take a lot of time and effort to earn. So it’s great when earning miles and points take no time or effort at all! It’s rare, but opportunity does knock from time to time. Here’s one that came knocking recently, and it reminded me to make sure you’re aware of it as well. American Express cards come with an option to enroll in their Extended Payment Option. This allows you to pay off purchases over time. Now, we all pay off our credit cards every month, right? So we don’t need to USE this option, but I’ve noticed over the years that from time to time, American Express offers Membership Reward points JUST for enrolling your card.

Every now and again, I’ve looked to see if my cards were targeted for these offers. Nope, no luck, until recently, that is. I got this offer on my American Express Business Platinum Charge Card, which I keep for the Centurioun Lounge benefits. I’ll take 10,000 American Express Membership Reward points earned this easily any day of the week. So I enrolled my card.

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Changes to American Express Centurion Lounge Access – Are you Affected?

American Express has made changes yet again to their lounge access policy. So of course the first thing we want to know is what those changes are and will we be affected. I wrote about the American Express Centurion Lounges and asked readers how they were feeling about them. Readers were mixed, with the chief complaint being the overcrowding of lounges. American Express did start limiting the number of guests cardholders could bring in with them, and as of October 2, they’ve made an even more restrictive change.

Centurion Lounge in Las Vegas – Travel with Grant meetup

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Act Now: FatWallet is Closing October 9, Request Last Cash Back Payment Now

Monday, October 9th, is the last day FatWallet’s site will be open. It’s closing, so make sure you don’t have any cash back sitting in your account. You need to request payment for your Cash Back balance! FatWallet is charging a monthly maintenance fee if you have any money sitting in your account. Everyone is now being shifted over to Ebates, FatWallet’s sister site, for discounted shopping and cash back. If you haven’t joined Ebates yet, here’s my referral link. Thanks in advance for signing up with my link, and have a great day!

American Express May Temporarily Suspend Credit Card Earning & Redeeming Ability (Effective November 1)

Update: For more discussion about this change, check out this Doctor of Credit post and this Reddit thread.

Good morning everyone.  I was reviewing my American Express credit card statements last night and I noticed an update to the program terms printed on my American Express Everyday Credit Card statement.  Effective November 1, American Express has the ability to temporarily suspend your ability to earn and redeem American Express Membership Reward Points if they suspect that you are abusing, misusing, or gaming their rewards program.   Further down on the program terms update, American Express also lists possible actions they may take to your credit cards:

  • Take away any points in your program account
  • Temporarily suspend your ability to redeem points
  • Temporarily suspend your ability to earn points
  • Cancel your program account
  • Cancel any of your American Express Cards

I am not sure if this is much different than getting an American Express Financial Review, but it sounds serious.  Who knows how American Express will enforce these new program terms, but here is the complete program terms update for you to read:

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