Questions and Answers

Which business rewards card would you recommend? I’ve had the AMEX Gold Card (now the new one) and it’s servered me well (I thought). I accumulate about 650k points per year and take about two big personal trips per year with them. I’ve read that this card only gets about 1 to 1.2 cpp and I was thinking I could probably do better. Any thoughts on how to maximize my points and value with my current card or perhaps a new one?

Thanks for all the great info.

The value per point is all in how you use the points. But what types of things are you buying with that card? If it is in categories that don’t earn multiple points per dollar do the Chase Ink cards earn multiple points in those categories?

There’s always value in diversity and spreading out to another type of flexible currency would allow you more redemption options. Earning that many points per year you could easily use both cards.

[QUOTE=”MidSouth Skier, post: 62580, member: 184″]…what types of things are you buying with that card?[/QUOTE]

All of our online advertising and most contractors are paid through the AMEX card to get the most points. With the new Gold Card we get 4X points on our top two categories (ads, contractors). I JUST started using this card in Jan as it’s a new Gold Card that came out in November.

When I use the miles I use the AMEX portal and book flights and hotels directly through their site. However, I just found out about “transfering” points to partners, etc. Looking into that now. New with point stuff.

[QUOTE]There’s always value in diversity and spreading out to another type of flexible currency would allow you more redemption options. Earning that many points per year you could easily use both cards.[/QUOTE]

What would you recommend as another card (Chase Ink?) and what would be the benefit of doing that since I already book my flight and hotels through my current card? Better cpp I assume, but any other benefits? Thanks.

I know that the Ink cards get 5x Ultimate Rewards at office supply stores and on telephone and internet bills. URs have different transfer partners from Amex MRs so that could help you diversify points when you transfer them. Depending on which Ink card you have, shopping through the UR portal would make each point worth up to 1.5 cents each.

[QUOTE=”MidSouth Skier, post: 62587, member: 184″]URs have different transfer partners from Amex MRs so that could help you diversify points when you transfer them.[/QUOTE]

Thanks for the great info. So it sounds like the strategy to diversify cards is to have options to find the best cpp for the intended travel, yes?

Yep! You don’t want to over-diversify but spreading that much spend over two cards is not over-diversifying. Just look at the bonus categories on each card and use the card that makes the most sense in a given situation.

Note that to be able to transfer URs to travel partners you’ll need to get one that has an annual fee. With the no-fee cards you can only use them through the UR portal at a rate of 1 cent per point.

[QUOTE=”MidSouth Skier, post: 62599, member: 184″]
I know that the Ink cards get 5x Ultimate Rewards at …[/QUOTE]

I was looking at the Chase Ink cards and noticed only 3X points on travel and “other select business categories.” Not the 5X you mentioned. Am I missing something? See link below:

[URL]https://creditcards.chase.com/small-business-credit-cards?jp_ltg=chsecate_smlbiz&CELL=6288&F42G=8F49GE&SP4R=Y71UH0[/URL]