Good afternoon everyone, I hope your week is going well. Last week, the $99 annual fee posted to my legacy / grandfathered Chase Marriott Bonvoy Premier Plus Business Credit Card (no longer available for new members). The only reason I keep this credit card is for the 35K Marriott Free Night Certificate, which I value slightly more than $99. I decided to call Chase to see if I was eligible for a retention offer. I explained to the Chase rep that I wasn’t travelling much this year and asked if the annual fee could be waived. The Chase rep said I could get a $50 statement credit or product change to the no annual fee Chase Marriott Bonvoy Bold Credit Card. I gladly accepted the $50 statement credit and that credit posted to my account about a week later.
Good evening everyone. 2 years ago, I wrote Track Hotel Free Night Certificates & Credit Card Annual Fees with my Spreadsheet. In that post, I shared my strategy for keeping track of free night certificates. If you have several co-branded hotel credit cards (like the Chase World of Hyatt Credit Card or Chase IHG Rewards Premier Credit Card), you need to keep track of free night certificate expiration dates so you do not forget to use them before they expire or you run out of time to use them at a good property (the hotel is not going to remind you to use your free night certificate – they want you to pay the annual fee and forget to use your free night certificates). Here are the unused free night certificates I have, as of March 2021. I sorted the list by the expiration date of my free night certificates, so I know which free night certificates I need to focus on first.
The inspiration for this post came from a recent Miles to Memories post called Don’t Fall Into The Free Night Certificate Fuzzy Math Trap! In that post, Mark shared all the downsides of free night certificates, like short expiration dates, some certificates only work at certain hotel categories or on certain days, etc. I totally agree with all of those downsides, but I had the pleasure of redeeming 2 free night certificates today and wanted to share an upside I found with free night certificates.
Good morning everyone, happy Friday! I just got an email from Chase and I scrolled all the way to the bottom and saw a section called “Track where your card is stored.” I decided to look into this feature, which is called the Chase Saved Account Manager. It is actually pretty cool and helpful to see where your credit cards are stored online or in mobile wallets (like ApplePay and Google Pay). This could be a useful feature if your old credit card expires and you need to update the credit card information or if your credit card is lost or stolen – you will know exactly which websites and apps have your credit card number stored (from previous online or in-app purchases). Without further ado, let’s dive into the Chase Saved Account Manager feature.
Good morning everyone, happy Friday! After I published How Much Did I Pay in Credit Card Annual Fees in 2020?, several readers asked if I could share how much value I received from each credit card in 2020. Today’s post is also a sequel to my 2019 post (I Paid $4,588 in Credit Card Annual Fees in 2019 – Was it Worth it?). All 24 of these credit cards were opened before January 1, 2020, and no sign up bonus is included. For simplicity, I did not include the value of miles or points earned from credit card spend, since that is somewhat subjective (and most of the miles and points were not spent in 2020). I counted all credits, reimbursements, retention offers, and referral bonuses at dollar face value. For hotel free night certificates, I have several from 2020 that expire in 2021 and 2022, so I am using a standard value of $100 for each hotel free night certificate.
I went through all of my credit card statements and online accounts to see which Credit Card Benefits I used in 2020 and those values are summed up in the CCB $ column. If I received a retention offer, that is listed in the RO $ column. I listed the credit card annual fee in the AF $ column. Lastly, I used this formula to calculate the Profit or Loss (P / L column) for each credit card: CCB $ + RO $ – AF $ = P / L
I sorted the credit cards alphabetically and split them up into 3 smaller groups. Here are some thoughts from the first group:
- The first 3 AMEX cards were big money makers due to the standard card benefit credits and the temporary pandemic benefits. It will be hard to beat these numbers in 2021.
- I never planned on keeping the American Express Platinum Delta SkyMiles Credit Card long term and only signed up for the 70,000 Delta SkyMiles sign up bonus in 2019.
- In most years, we are easily able to use the $99 Alaska Airlines Companion Fare, but due to the pandemic and very cheap Alaska Airlines flight, we did not use the Companion Fare in 2020. I am hoping to use the Companion Fare this year.
- I’m glad Laura (LT) was able to get a $59 retention offer on her Capital One Venture Rewards Credit Card and a $100 referral bonus.
|Credit Card Name||Credit Card Benefits||CCB $||RO $||AF $||P / L|
|AMEX Business Platinum||$400 Dell credit; $198 airline reimbursement; $160 wireless phone credit; $158 shipping credit; $96 AMEX Offers for Dell & AT&T||$1,012||$200||$595||$617|
|AMEX Gold||$120 dining credit; $100 airline reimbursement; $60 AMEX Offer for Shop Small||$280||$0||$250||$30|
|AMEX Hilton Honors Aspire||$250 airline reimbursement; $250 resort credit (used at restaurants); 1 Free Night Certificate (expires 7/2/22) (worth $100)||$600||$0||$450||$150|
|AMEX Platinum Delta SkyMiles||Downgraded to no annual fee American Express Blue Delta SkyMiles Credit Card to avoid paying annual fee||$0||$0||$0|
|Bank of America Alaska Airlines (LT)||Alaska Airlines $99 Companion Fare expired in 2020||$0||$0||$75||-$75|
|Capital One Venture Rewards (LT)||$100 referral bonus||$100||$59||$59||$100|
Good morning everyone, I hope you got a good laugh out of my post from yesterday: Reviewing my Embarrassingly Wrong 2020 Travel Predictions. Long story short, my 2020 predictions were terrible (I had 3 correct and 12 wrong predictions). I am hoping to redeem myself today with my super-solid, 100% guaranteed-to-happen predictions for 2021. My crystal ball just got back from the crystal ball repair store and here are my airline, hotel, and credit card predictions for 2021.
My 2021 Airline Predictions
- Alaska Airlines or Southwest Airlines will make their “convert travel funds to airline miles” feature a permanent feature on their site.
- American Airlines will finally become a Citi ThankYou Points airline transfer partner.
- Delta Airlines or United Airlines will introduce a “Cash and Miles” payment option for award tickets (pay 10,000 miles or pay 8,000 miles + $40).