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Update: Some offers mentioned below are no longer available. View the current offers here – IHG Rewards Club Select Credit CardCiti / AAdvantage Platinum Select World Elite Mastercard

It’s no secret that credit cards are the best way to rack up miles and points. We have it so good here in the US — with a competitive credit card industry that offers lucrative welcome bonuses, rich category spending bonuses and great perks that are worth more than the annual fees. It can be dizzying to put together a credit card strategy that serves your needs and rewards you the most for your spend, but there are plenty of tools to help you figure out what cards work best for you, like TPG to Go which will analyze your spend and show you where you’re missing out on rewards based on all available category bonuses on almost every US credit card available.

People always ask me how many points I have and the answer is always “so many I honestly don’t know.” But today, I’m giving insight into my points and how I earn them. FYI just checked and currently have:

  • 472,000 Amex Membership Rewards (with 400,000 pending)
  • 1.6 million Chase Ultimate Rewards
  • 749,000 SPG Starpoints
  • 22,000 Citi ThankYou Points

How do I have so many points? Simply put, business spend. TPG now has almost 25 full-time employees and over 20 frequent contributors and consultants — and we spend millions a year on online advertising (I’m earning 3x points on those Facebook and Instagram ads you see!) and we travel a TON. All of the company’s spend gets put on my arsenal of cards and we then we use points to pay for employee travel. As you know we pay for all travel ourselves (with the exception of special airline delivery flights or charity trips with an airline sponsor).

I am fully aware that the average reader does not have this level of spend and my point is to not brag, but to educate and be honest with you all about how we get our points. Some people think the credit card companies and airlines give us free points and miles, but that isn’t true. We get paid a commission when you all get approved for a credit card using one of our links. We thank you for supporting TPG and that support has allowed us to expand and add new voices to the team (and also donate a lot to charity — we gave over $500,000 last year to a variety of causes).

(Photo by The Diamond Brothers)
Sitting in Emirates First Class. Photo by The Diamond Brothers.

The point of this post is to also show that I still practice what I preach — albeit at a higher level than when I first started. Even though I make a very good living now and can pay for any flight I want, I still get that same rush when booking an amazing award trip — like Emirates first class, the Etihad Apartment and even the inaugural Delta A350 flight. Being savvy about points for my business adds to our bottom line and even though the points game is changing, with airlines increasing amounts needed for most awards, I’ve been able to counteract that with earning more points than ever by maximizing every dollar I spend.

High level — I currently have 20 credit cards and a 795 FICO score. I’ve decided to trim 4 from the pack as I shift my spend away from co-brand cards and focus on the key transferrable points programs, American Express Membership Rewards, Chase Ultimate Rewards, Citi ThankYou Points and Starwood Preferred Guest points.

Before you go out and get a bunch of credit cards, it is critical that you understand how credit works and also know your FICO score (many credit cards will give it to you for free):

For simplicity I’ve separated all 20 cards into three categories:

  • Cards I Can’t Live Without
  • Cards I Like for the Time Being
  • Cards I’m Going to Cancel or Downgrade

I also put together a wish list of cards I don’t currently have and why I might get them. The Chase Ink Business Cash Credit Card, the Citi AAdvantage Platinum Select World Elite Mastercard, the US Bank Altitude Reserve Visa Infinite Card and the Amazon Prime Visa Signature.

In This Post

Here’s a look at what’s currently in my wallet:

Card Annual Fee Points Earned Annual Value of Rewards Issuer
Cards I Can’t Live Without
Chase Ink Business Preferred Credit Card $95 3x points on $150,000 = 450,000 Ultimate Rewards $9,450 Chase
Chase Sapphire Reserve $450 3x points on $100,000 = 300,000 Ultimate Rewards $6,300 Chase
Business Gold Rewards Card from American Express OPEN $175 3x points on $100,000 = 300,000 Membership Rewards $5,700 American Express
The Platinum Card® from American Express $550 5x points on $50,000 = 250,000 Membership Rewards $4,750 American Express
Business Centurion Card from American Express $2,500 N/A $45,000 in benefits American Express
Chase Freedom Unlimited $0 1.5x points on $25,000 = 37,500 Ultimate Rewards $788 Chase
Cards I Like for the Time Being
Starwood Preferred Guest® Credit Card from American Express $95 2x points on $30,000 = 60,000 Starpoints $1,620 American Express
Capital One Venture Rewards Credit Card $95 10x miles on $25,000 = 250,000 miles $2,500 Capital One
Citi Prestige $450 N/A $10,000 from 4th Night Free Citi
Chase Ink Bold $95 5x points on $10,000 = 50,000 Ultimate Rewards $1,050 Chase
Chase Freedom $0 5x points on $6,000 = 30,000 Ultimate Rewards $630 Chase
Bank of America Premium Rewards credit card $95 2.625% back on $50,000 = $1,310 $1,313 Bank of America
JetBlue Plus Card $99 1x points on $50,000 = 50,000 JetBlue points Mosaic benefits worth $5,000, $650 in points Barclaycard
United MileagePlus Explorer Card $95 N/A N/A Chase
IHG Rewards Club Select Credit Card $49 N/A $300 from Free Night Certificate Chase
Starwood Preferred Guest® Business Credit Card from American Express $95 N/A 10,000 Starpoints from retention offer (worth $270) American Express
Cards I’m Going to Cancel or Downgrade
Hilton Honors American Express Ascend Card $95 N/A N/A American Express
Ritz-Carlton Rewards Credit Card $450 N/A N/A Chase
The Hyatt Credit Card $75 N/A N/A Chase
Barclaycard Arrival Plus World Elite Mastercard $89 N/A N/A Barclaycard
Wish List
Chase Ink Business Cash Credit Card $0 N/A N/A Chase
Amazon Prime Rewards Visa Signature Card $0 (Requires $99 Amazon Prime membership) N/A N/A Chase
US Bank Altitude Reserve Card $400 N/A N/A US Bank
Citi AAdvantage Platinum Select World Elite Mastercard $99 N/A N/A Citi
TOTAL IN ANNUAL FEES AFTER CHANGES: $4,938 ($709 in savings)


Cards I Can’t Live Without

These cards are the best on the block and I use all of them constantly. They all earn valuable, transferable points and most have amazing perks or travel credits that make them even more useful.

Although the Business Centurion Card from American Express comes with a huge $2,500 annual fee, the perks it comes with are unmatched. Also known as the Amex “Black Card,” it gives me complimentary Delta Platinum MedallionHilton Diamond status and my own personal concierge, Ray. I wrote here why the card is worth it — I probably get about $20,000 of value just from Ray alone plus I get a 50% points rebate on all airfare, which gives my Amex points a minimum value of 2 cents apiece. It’s a great tool if we can’t find award availability and need to pay “cash” for a flight.

The Amanjena resort in Marrakesh, Morocco is part of Amex’s Fine Hotels and Resorts program. Photo by Zach Honig.

I use the Business Gold Rewards Card from American Express OPEN probably more than any other card in my wallet, thanks to the 3x points it earns me on up to $100,000 spent per year in one of five categories. I select US purchases for advertising in select media (as mentioned above) since our business spends significantly on Facebook advertising. By maxing out the 3x category, I earn 300,000 Membership Rewards points per year, worth a whopping $5,700 based on my valuations. READ THE REVIEW HERE

The Platinum Card from American Express is another one of my favorites because of the strong perks and the 5x points it earns on purchases directly with the airline. While the Business Centurion gives many of the same benefits as the Platinum, I also get a $200 airline credit and $200 in Uber credits a year. But this card really shines for myself and the company with the 5x on flights. Combine that with the Business Centurion’s 50% points rebate and I’m getting at least 10% back on flights. I also added my parents as authorized users, which only cost $175 dollars for up to three but each cardholder gets lounge access benefits. READ THE REVIEW HERE

Another fantastic business card, the Chase Ink Business Preferred gets 3x points on up to $150,000 spent on travel, shipping, internet, cable and phone services and social media and search engine advertising. I solely use this for social media advertising since the business spends a lot on Facebook and Instagram ads — quickly maxing out the $150,000 limit which nets us 450,000 Ultimate Rewards points, worth $9,450. READ THE REVIEW HERE

The Chase Sapphire Reserve is a no-brainer for most people, including myself. I use this card for the bonus categories that get you 3x points on travel and dining. I put all dining spend and all other general travel purchases (Uber, Airbnb, car rentals, tolls) on this card. The 3x categories will have you racking up points FAST. READ THE REVIEW HERE

I put a lot of my non-category bonus spend on Chase Freedom Unlimited since it earns 1.5 points (or 1.5% cash back) per dollar on any purchase. If you’re a Sapphire cardholder, you can transfer your points from the Freedom Unlimited to the Sapphire Reserve. I’m getting at bare minimum 2.25% back to 3.1% back in value on every dollar spent with the Unlimited. So when I go to a workout class, need to buy some clothes or have to take my dog to the vet I’m using this card. It’s a key player in the Chase Trifecta too.

Cards I Like for the Time Being

Although these cards aren’t rockstars, they all hold their own. They’re a bit more niche than the transferable points-earning cards with big category spends, but they have solid perks and fill out my wallet where other cards fall flat.

As mentioned before, earning valuable and transferrable points are important. The Starwood Preferred Guest Credit Card from American Express earns Starwood Starpoints, which are the most valuable of any point currency. Plus, Starpoints have the most transfer partners out of any program, and it’s another way to diversify points in case another program is devalued. Even though I’m not chasing status with SPG anymore, I still do earn elite credits for being a cardholder.

I don’t use this card a lot for regular spend, but the one thing I love about the JetBlue Plus Card is that you earn Mosaic status after spending $50,000 in a year. Mosaic gets me free flight changes which I use all the time — saving me from thousands of dollars in fees.

Snoozing in JetBlue Mint, which is my favorite way to get across the country.

The Bank of America Premium Rewards Credit Card launched back in September and it instantly became one of the best cash-back cards on the market. If you’re a Platinum Honors client at Bank of America you can earn 3.5% back on travel and dining purchases and 2.625% back on everything else. So whenever I’m focusing on earning cash back, I’ll go with this card. It’s so good that you can actually make money paying your taxes with this credit card. READ THE REVIEW HERE

The Capital One Venture Rewards card recently added an awesome benefit of 10x miles on purchases. Since I’ve been staying at more luxury and non-chain hotels over the last year, I like to book through to earn 20% back when stacked with the rewards program. Miles can be redeemed against any travel purchase too, so they’re great to erase charges against things like Airbnbs or train tickets. READ THE REVIEW HERE

While I find the rotating categories a bit annoying to use, the Chase Freedom is still a solid card since it earns 5x Ultimate Rewards points (on up to $1,500 a quarter in eligible purchases). I was considering cancelling this but since it’s a no annual fee card there’s not much of a reason to.

The Chase Ink Bold was discontinued in 2014 but my account was grandfathered in. It’s still worth holding on to, since it earns me 5x points on the first $50,000 spent in combined purchases on office supplies and phone, internet and cable TV services each account anniversary year.

I don’t put much spend on the Citi Prestige, but its 4th Night Free perk is what makes this card worth keeping around. Using the 4th Night Free just once can pay for the $450 annual fee — myself and my staff have received insane value from it. The $250 air travel credit is easy to use and cuts down the cost of holding this card even more. If I have complicated itineraries, I’ll put my flights on the card since the Prestige offers fantastic flight delay protection. READ THE REVIEW HERE

The Citi Prestige
The Citi Prestige’s 4th Night Free benefit can save you a bundle, especially at expensive properties like Amanpulo in the Philippines.

I wrote last year that the only reason I keep the United MileagePlus Explorer open is that it offers expanded award availability. That’s only on United flights and I usually try to avoid flying the carrier anyway, but I’m still keeping this open for the time being, though I may still cancel it in the future.

I don’t spend on the IHG Rewards Club Select Credit Card, and I don’t receive much value from the perks, such as free Platinum Elite status. However, I need to get better at using the free anniversary night, which can be super valuable since you can use it at virtually IHG property in the world, like Intercontinental Sydney.

The Starwood Preferred Guest Business Credit Card from American Express is similar to the Personal SPG Amex and earns extra elite credits toward Starwood status. I was going to cancel this card since I since it’s so similar to the personal version, but when I called in Amex offered a 10,000-point retention offer to keep my account open. This card survives another year.

Cards I’m Going to Cancel or Downgrade

As I mentioned before, I’ve continued to find less and less use for co-branded credit cards and that’s why these cards are on the chopping block. I”ll most likely cancel or downgrade these unless I receive any more retention offers when calling the bank to close my accounts.

I was converted to the Hilton Honors American Express Ascend Card from my Citi Hilton Honors Reserve back in January. I rarely stay at Hilton’s and there aren’t many reasons for me to keep the card. I already receive Hilton Gold status through the Amex Platinum, and to get the weekend night award from the Ascend card I’d have to spend $15,000 on it — which could be put on other cards where I’d earn more valuable points. READ THE REVIEW HERE

Another card I rarely use is the Ritz-Carlton Rewards Credit Card and honestly the perks are just ok. The Club Level upgrades are decent and the $100 Visa Infinite airfare discount isn’t bad but I really just don’t use them often enough to justify holding on to this card. Since I don’t put any spend on the card and it has a high $450 annual fee, it’s on the chopping block. READ THE REVIEW HERE

I haven’t been staying much at Hyatts as of late and the minimal perks from The Hyatt Credit Card make it hard to justify the annual fee. I don’t spend on this card either since I’d rather have transferrable points. While it does offer a free night at any Category 1-4 property or resort every year, it’s hard for me to use since I’m usually staying at higher-category Hyatts — it’s not transferrable so I don’t find much use for it.

Definitely Cancelling

The benefits for the Barclaycard Arrival Plus have been watered down over time and frankly I can earn more cash back from the Bank of America Premium Rewards card. The Arrival’s points are similar to the Capital One Venture’s, but it doesn’t have any bonus categories like 10x miles on purchases. I don’t need to hold onto a card with an $89 annual fee that brings me no value.

Wish List

I’m still eyeing the US Bank Altitude Reserve that gets 3x points on mobile wallet purchases, a 50,000-point sign-up bonus worth $750 and $325 annually in travel credits. The Amazon Prime Rewards card is also attractive, with 5% back on all Amazon purchases and now 5% back at Whole Foods — plus there’s no annual fee if you have an Amazon Prime account.

Our business spends a decent amount on office supplies, so the 5% back/5x offered by the Ink Cash is another great way for me to boost my Ultimate Rewards account balance. It’s offering a sign-up bonus of 30,000 points ($300) after spending $3,000 in the first three months. I’m finally under 5/24 (Chase’s rule that prevents you from being approved from new cards if you’ve signed up for five or more cards with any issuer over the last 24 months) so now’s a great time to add this card to my lineup.

While I no longer value holding AAdvantage elite status (although I’m still an Executive Platinum), I still can use American miles. The Citi AAdvantage Platinum Select card is currently offering an elevated bonus of 60,000 miles after you spend $3,000 in the first three months. READ THE REVIEW HERE

Bottom Line

I’m paring down my inventory even more than last year and really focusing on cards that can easily earn valuable and transferrable points. Co-brand cards continue to be less valuable with low returns on spending and perks I rarely use — plus I’ll save nearly one thousand dollars in annual fees from closing the cards. I’m looking forward to seeing what new cards and perks are announced over the next year.

If you missed our Facebook live outlining these cards, you can view it here:

What Credit Cards Does The Points Guy Have?

Tune in as we go through each and every card in Brian's 20-card inventory (!). We'll figure out which ones are no-brainers, which ones are keepers and which ones are, well… heading to the shredder. Follow these tips to figure out which ones belong in your wallet:

Posted by The Points Guy on Monday, March 12, 2018

The Platinum Card® from American Express

The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.

Apply Now
More Things to Know
  • Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
  • Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
  • 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
  • 5X Membership Rewards points on prepaid hotels booked on
  • Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
  • Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
  • $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
  • Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
  • $550 annual fee.
  • Terms Apply.
  • See Rates & Fees
Intro APR on Purchases
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Recommended Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.