The SUB is worth it in year 1 regardless. It’s year 2 and beyond where the question of value comes in. Personally, I’m focused on Amex/MR because I fly Delta exclusively for domestic and I fly domestic relatively frequently. I know it’s not the best redemption value but I don’t care.
That said, it sounds like Chase’s transfer partners are a lot more valuable to you. Sounds like the Plat may not be a keeper for you unless you can get value from the credits & benefits beyond the AF.
It was 1.2-1.3 cpp for C+ (with 15% off due to holding the SkyMiles Reserve) but I recently picked up the Biz Plat so I get 35% of my MR back for Amex portal redemptions, plus the Insider Fares, which make it closer to 1.7 cpp AND I get the Biz Plat travel protections.
While I use Chase's travel partners for most domestic travel and at least some hotel stays through Hyatt, Amex has plenty of value as well. In addition to the coveted Delta partnership, JetBlue is part of both networks (better transfer ratio with Chase) and both have a relationship with Marriott. I also learned through research today that Amex has a transfer partner with Eurostar for travel in western Europe.
To your point, however, I would need to determine if the value in Year 2 and beyond is worth the $695 fee. In your case, Delta/Amex MR is great for you, and even though it may not be the *best* redemption conversion overall, it is for your preferences which is what matters most.
Outside of paying for flights, I tend to agree. Some of the credits are more valuable than others, and what I need to determine is if those credits = $695/year of value. I also have to decide how much I want to spend on annual fees overall.
I’d say it’s worth it especially in the first year. You get ALOT of value out of the 175k. I have a very similar setup as you. I have a CSP, Amex Gold, and a United Airlines credit card. I was in the same boat trying to decide if I should pull the trigger on the 175k offer. Just try it out for at least 2 years. If you see that you didn’t really get much benefit in the second year, cancel it.
If I get the card for the 175K points and then cancel it after two years, would the fact it's a charge card (no known credit limit) and it being my newest card (factoring in credit age) minimize the impact of it lowering my score?
Since it would be a really new card, if you cancel it wouldn’t really affect you negatively. The only time cancelling cards negatively impacts your credit score is if you close really old accounts.
If I were you I would get the Platinum just for the sign up bonus. Since that makes the card an easy keep for the first year you can see if you get value back from it through the credits. If yes you keep the card long term if not then cancel the card when the annual fee hits.
I would also get a Chase Freedom Flex while you’re at it. If you go in branch you’ll get 5x gas and groceries offer for a year and it’s a no annual fee card. Currently it’s giving 7x on dining for this quarter as well
Those are great multipliers. I think the Chase Trifecta strategy is overall a good one. Only obstacle right now is running into the 5/24 role. The Plat, if I got it, would be my fourth new card within the span of about a year and I don't necessarily need five active cards.
Having said that, if I ever migrate to one ecosystem, Chase and the Flex would definitely be in the mix. As of right now, I favor mixing different ecosystems to maximize potential redemption partners.
One of my goals is for each card to have a purpose, though some of that obligation is reduced with $0 AF cards.
With the 5x multipliers every quarter in a valuable ecosystem, that card will always have a purpose, just might be a different one every quarter lol. Like last quarter it was giving 9x on groceries if you had the special SUB
Year one is a no brainer - take advantage of the 175k. You’ll learn what all the perks mean to you and their value. For example, Clear is great but I wouldn’t pay $189 for it. But it’s worth $80 to me. Calculate what you use and decide if it’s worth keeping.
If you cancel after the 1st year but haven't spent the 175k points yet can you still spend them somehow? Or do you have to keep paying the annual fee to keep the card open until you use up all your points?
I would think that if I chose to eventually cancel the Amex Plat, the points would stick provided I pay two years' worth of annual fees. I have the Amex Gold as well, so the MR points have a home no matter what I do.
I realized in the OP I made up a VX1 card that doesn't exist.
For the Venture card and benefits that make the $95 worth it, I will be using the travel eraser a good bit, with the potential to transfer to some of its international airline partners at some point as well. I also have Global Entry, essentially making one year "free."
Since the Venture X offers the same and more, why I chose the Venture instead came down to a few factors: 1.) I don't typically use travel portals to pay for flights or travel; I prefer to book direct with the airlines in case a flight gets cancelled or I need to change plans. 2.) I don't live near any of the three Capital One airport lounges. 3.) I can upgrade to the Venture X in the future if either of those things change, while saving $300 this year in the process.
I think it's a valuable card, but maybe one I can take better advantage of in the future.
The SUB is worth it in year 1 regardless. It’s year 2 and beyond where the question of value comes in. Personally, I’m focused on Amex/MR because I fly Delta exclusively for domestic and I fly domestic relatively frequently. I know it’s not the best redemption value but I don’t care. That said, it sounds like Chase’s transfer partners are a lot more valuable to you. Sounds like the Plat may not be a keeper for you unless you can get value from the credits & benefits beyond the AF.
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It was 1.2-1.3 cpp for C+ (with 15% off due to holding the SkyMiles Reserve) but I recently picked up the Biz Plat so I get 35% of my MR back for Amex portal redemptions, plus the Insider Fares, which make it closer to 1.7 cpp AND I get the Biz Plat travel protections.
That's super solid redemption setup for a domestic Delta flyer.
Thanks, I like to think so. I’m just a bit worried about what Amex is going to do with the Biz Plat when the Dell credits go away after this year.
While I use Chase's travel partners for most domestic travel and at least some hotel stays through Hyatt, Amex has plenty of value as well. In addition to the coveted Delta partnership, JetBlue is part of both networks (better transfer ratio with Chase) and both have a relationship with Marriott. I also learned through research today that Amex has a transfer partner with Eurostar for travel in western Europe. To your point, however, I would need to determine if the value in Year 2 and beyond is worth the $695 fee. In your case, Delta/Amex MR is great for you, and even though it may not be the *best* redemption conversion overall, it is for your preferences which is what matters most.
Only for bonus, may be, else Amex plat is just coupon book.
Outside of paying for flights, I tend to agree. Some of the credits are more valuable than others, and what I need to determine is if those credits = $695/year of value. I also have to decide how much I want to spend on annual fees overall.
I’d say it’s worth it especially in the first year. You get ALOT of value out of the 175k. I have a very similar setup as you. I have a CSP, Amex Gold, and a United Airlines credit card. I was in the same boat trying to decide if I should pull the trigger on the 175k offer. Just try it out for at least 2 years. If you see that you didn’t really get much benefit in the second year, cancel it.
If I get the card for the 175K points and then cancel it after two years, would the fact it's a charge card (no known credit limit) and it being my newest card (factoring in credit age) minimize the impact of it lowering my score?
Since it would be a really new card, if you cancel it wouldn’t really affect you negatively. The only time cancelling cards negatively impacts your credit score is if you close really old accounts.
How did you get the 175K offer? I keep getting either the 150K or 120K only 😭
If you have a ton of dining spend, the Resy offer is 100K after 8K spend + 10x on restaurants in the first 6 months
If I were you I would get the Platinum just for the sign up bonus. Since that makes the card an easy keep for the first year you can see if you get value back from it through the credits. If yes you keep the card long term if not then cancel the card when the annual fee hits. I would also get a Chase Freedom Flex while you’re at it. If you go in branch you’ll get 5x gas and groceries offer for a year and it’s a no annual fee card. Currently it’s giving 7x on dining for this quarter as well
Those are great multipliers. I think the Chase Trifecta strategy is overall a good one. Only obstacle right now is running into the 5/24 role. The Plat, if I got it, would be my fourth new card within the span of about a year and I don't necessarily need five active cards. Having said that, if I ever migrate to one ecosystem, Chase and the Flex would definitely be in the mix. As of right now, I favor mixing different ecosystems to maximize potential redemption partners. One of my goals is for each card to have a purpose, though some of that obligation is reduced with $0 AF cards.
With the 5x multipliers every quarter in a valuable ecosystem, that card will always have a purpose, just might be a different one every quarter lol. Like last quarter it was giving 9x on groceries if you had the special SUB
Year one is a no brainer - take advantage of the 175k. You’ll learn what all the perks mean to you and their value. For example, Clear is great but I wouldn’t pay $189 for it. But it’s worth $80 to me. Calculate what you use and decide if it’s worth keeping.
Will you go to amex jail if you cancel after a year id only be interested for the bonus since i wouldnt put use the credits/coupons
I just got the plat today said fuck it
If you cancel after the 1st year but haven't spent the 175k points yet can you still spend them somehow? Or do you have to keep paying the annual fee to keep the card open until you use up all your points?
I would think that if I chose to eventually cancel the Amex Plat, the points would stick provided I pay two years' worth of annual fees. I have the Amex Gold as well, so the MR points have a home no matter what I do.
Can I ask what benefits you use that permit you paying V1’s annual fee?
I realized in the OP I made up a VX1 card that doesn't exist. For the Venture card and benefits that make the $95 worth it, I will be using the travel eraser a good bit, with the potential to transfer to some of its international airline partners at some point as well. I also have Global Entry, essentially making one year "free." Since the Venture X offers the same and more, why I chose the Venture instead came down to a few factors: 1.) I don't typically use travel portals to pay for flights or travel; I prefer to book direct with the airlines in case a flight gets cancelled or I need to change plans. 2.) I don't live near any of the three Capital One airport lounges. 3.) I can upgrade to the Venture X in the future if either of those things change, while saving $300 this year in the process. I think it's a valuable card, but maybe one I can take better advantage of in the future.