Why I Collect Amex Points, Chase Points, & Citi Points!
The Three Kinds of Points I Collect using Credit Cards for the Most Part are American Express Membership Rewards, Chase Ultimate Rewards, and Citi Thank you Points.
American Express, Chase Bank, Citi Bank, all have Credit Cards that allow you to collect rewards, then redeem/ use for Cash (Which i Do Not Recommend) , or use them towards a TRANSFER PARTNER ( This Is the Best Way to Redeem) .
Having Transfer partners is what make these Banks and these Credit Cards SO Valuable. You can collect Amex, Chase, Citi points and when your ready to redeem/ use these points you can decide which of the TRANSFER PARTNERS you want to transfer them to. For example, American Express has many transfer partners. Have a look at the picture below. I can Transfer My American Express Membership Rewards to Any of the Below Loyalty Programs.
Not only Does American Express Have Transfer Partners they also quite often have Transfer Partner Bonuses. Citi Bank also has Transfer Partner Bonuses. What are Transfer Partner Bonuses? For Example, Hilton is a Transfer Partner of American Express. The Normal Transfer Rate is 1 American Express Membership Reward Point will get you 2 Hilton Honors Points. Well, Currently there is a Transfer Bonus to Hilton. The Transfer Bonus is a 30% bonus on top of this. You can now receive for a limited time 1 American Express Membership Rewards Points will get you 2.6 Hilton Honors Points. This is a Partner transfer Bonus.
These Transfer Partners and Transfer Partner Bonuses are what make American Express Membership Rewards, Chase Ultimate Rewards (Chase has Transfer Partners, But Does Not Do Transfer Partner Bonuses like Amex or Citi), Citi Thank you Points so valuable.
Why I Am Not So Into Airline or Hotel Credit Cards?
If you currently have an Airline Credit Card (American, Delta, United, Jetblue, ETC) or a Hotel Rewards Credit Card (Hyatt, Marriott, Hilton, IHG, ETC), you are only going to be able to use these Points that you accrue with the Specific Hotel or Airline Hotel Credit Card. Additionally, a lot of times these Hotels Credit Cards, or Airlines Credit cards do not have the best spending categories. Here is an Example, “The United Explorer Credit Card” from United Airlines.” This United Explorer Credit Card has the Following Spending Categories:
Earn 2X United Miles Per $1.00 at Restaurants, Hotels, and United Purchases.
Earn 1X United Miles Per $1.00 On Everything Else
Additionally, the United Miles you accrue while spending $$ on the United Explorer Credit Card Has to to be used with United and Its Other Airline Partners and to me that is a Negative. With Amex, Chase, or Citi, Have many other options to transfer My Points too.
Lets Explain/ Compare
United Explorer Credit Card VS. Chase Sapphire Preferred
The Chase Sapphire Preferred:
Earns 2X Ultimate Rewards Per $1.00 on all Travel (airlines, hotels, timeshares, campgrounds, car rental, cruise lines, travel agencies (Expedia, Booking.com, Travelocity, Kayak, Etc), discount travel sites, trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages)
and Earn 2X Ultimate Rewards Per $1.00 on Dining (Restaurants Domestic and International)
Earn 1x Ultimate Rewards Per $1.00 On Everything Else
You can see that the Chase Sapphire Preferred is Similar in Categories, and Points Structure with Both Receiving 2X and 1X; however, the Chase Sapphire Preferred has some additional Travel Categories which makes the Chase Sapphire Preferred Superior. The Chase Sapphire Preferred is more superior, since it allows you to earn 2x in these additional travel categories. The Chase Sapphire Preferred also has TRANSFER PARTNERS which also includes UNITED AIRLINES. So essentially your earning United Miles if you decide to transfer your Chase Ultimate Rewards to United Airlines. Chase has many other Transfer Partners. See Transfer Partners in below picture. Being able to be a versatile having these TRANSFER PARTNERS with Chase Ultimate Rewards is why I like Chase Ultimate Rewards and the Chase Sapphire Preferred over the United Explorer Credit Card. Look at this list of Chase Partners Below. Most transfer rates are 1 Ultimate Reward to 1 Point (United, Hyat Hotels, British Avios (points), Virgin Atlantic Miles, Singapore Kris Flyer Miles, ETC).
Citi also has a Great Transfer Partner List. See Citi Transfer Partner List Below.
If you Notice Virgin Atlantic Flying Club has a bonus offer right Now. 1 Citi Thank you Point will get you 1.3 Virgin Atlantic Club Miles.
In Conclusion, American Express Membership Rewards, Chase Ultimate Rewards, and Citi Thank You Points are very versatile, more so, then your typical Airline Credit Card or Hotel Credit Card. This is mostly because of the amazing TRANSFER PARTNERS that American Express Membership Rewards, Chase Ultimate Rewards, and Citi Thank You Points Offer.
Some Cards That Collect American Express Membership Rewards
Some Cards That Collect Chase Ultimate Rewards
Chase Sapphire Preferred
Chase Sapphire Reserve
Chase Freedom (Must Have One of the First Three Chase Cards Above highlighted in bold to receive the “Premium Ultimate Rewards” – Check out my post here for explanation ) – Check Out My Post Here About This Card
Chase Freedom Unlimited (Must Have One of the First Three Chase Cards Above highlighted in bold to receive the “Premium Ultimate Rewards” – Check out my post here for explanation )
Chase Ink Unlimited (Must Have One of the First Three Chase Cards Above highlighted in bold to receive the “Premium Ultimate Rewards” – Check out my post here for explanation )
Chase Ink Cash (Must Have One of the First Three Chase Cards Above highlighted in bold to receive the “Premium Ultimate Rewards” – Check out my post here for explanation )
Some Cards That Collect Citi Thank You Points
Citi Prestige (No Longer Available; However, Citi Bank Will be updating us with a New Credit Card Shortly to either Replace or Refresh the Citi Prestige).
Categories: Credit Card Reviews