4 cards TPG staffers added to our wallets this quarter

Jul 2, 2020

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Update: Some offers mentioned below are no longer available. View the current offers here.

The past quarter has caused a lot of people to change their spending habits, switch up their credit card strategies and replan travel goals for not only 2020 but also 2021. These shifting priorities mean different credit cards are needed to meet those needs. 

TPG staffers are no different. So we polled them to see which cards they added to their wallets during the second quarter of 2020. 

Want more credit card advice from TPG? Sign up for our daily newsletter 

Editorial Director Summer Hull — Bank of America® Premium Rewards® credit card

(Photo by The Points Guy)
(Photo by The Points Guy)

Sign-up bonus: 50,000 bonus points after you spend $3,000 in purchases in the first 90 days of account opening

Annual fee: $95 

Earning rate: Earn 2x on travel and dining purchases; 1.5x on everything else 

Why she applied: The Bank of America Premium Rewards credit card may not look lucrative at first glance. But for existing Bank of America customers who are members of the Preferred Rewards program, it can be one of the most rewarding credit cards out there. When you are a Platinum Honors member, you’ll get a 75% earning bonus, meaning this card earns up to 3.5x on dining and travel and 2.62x on everyday purchases. 

Learn more about the Bank of America Premium Rewards card.

Credit Cards Reporter Chris Dong — The World of Hyatt Credit Card

Sign-up bonus: 25,000 bonus points after you spend $3,000 within the first three months, plus an additional 25,000 bonus points after you spend $6,000 total within the first six months

Annual fee: $95

Earning rate: Earn 4x on Hyatt purchases; 2x on airfare booked direct, restaurants, local transit and commuting and fitness/gym memberships; 1x on everything else. 

Why he applied: Right now, Chris primarily stays at Hiltons and Airbnbs when he travels. This card gives him an opportunity to dabble in another hotel rewards program. The World of Hyatt program is a Chase Ultimate Rewards transfer partner and one of the most valuable hotel currencies you can earn. That plus the card’s perks like annual elite-qualifying nights (plus the 10 earned with the bonus for everyone who applies before Aug. 31, 2020) and annual free night certificate makes this a compelling card for anyone jumping into the World of Hyatt rewards program

Learn more about the World of Hyatt credit card.

Marketing Analyst Kelley King — American Express® Gold Card

(Photo by Isabelle Raphael/The Points Guy)
(Photo by Isabelle Raphael/The Points Guy)

Welcome offer: 35,000 bonus points after you spend $4,000 in purchases in the first three months of account opening

Annual fee: $250 (see rates and fees

Earning rate: 4x on worldwide dining and the first $25,000 spent at U.S. supermarkets annually (then 1x); 3x on flights booked directly or through Amex Travel; 1x on everything else 

Why she applied: Kelley was targeted for a targeted 50,000-point welcome bonus through the CardMatch Tool (offer subject to change at anytime). Additionally, her spending habits have changed over the past year to be more focused on groceries and dining than international travel. Since she’s considering downgrading her The Platinum Card® from American Express, the Amex Gold is a great alternative. She’ll still get some great travel benefits through the Membership Rewards program and the up to $100 annual airline fee credit, but the earning rate is much better for her habits — and the fee is more reasonable. 

Learn more about the Amex Gold card. 

Writer Katie Genter — Chase Sapphire Preferred Card

(Photo by John Gribben for The Points Guy)
(Photo by John Gribben for The Points Guy)

Sign-up bonus: 80,000 bonus points after you spend $4,000 on purchases in the first 3 months.

Annual fee: $95 

Earning rate: 5x on Lyft; 2x on travel and dining; 1x on everything else 

Why she applied: The Chase Sapphire Preferred is an excellent all-around travel credit card to have. It’s a great low-cost option that gives you access to the Chase Ultimate Rewards program and some of the best travel protections around. Katie was instantly approved for the CSP after waiting to get under 5/24 (Chase’s unpublished rule that you cannot get a Chase card if you’ve applied for five or more cards in the past 24 months). Since Katie travels frequently, the 80k sign-up bonus and array of travel protections like trip cancellation and interruption insurance and primary rental car insurance is sure to come in handy. 

Learn more about the Chase Sapphire Preferred.

Bottom line 

Keep in mind that while there are some solid cards out there worth applying for, many issuers have pulled back on approvals during the recession. While it’s certainly not impossible to be approved for a credit card right now, especially if you have an excellent credit score, keep in mind that you may not be approved for cards you may normally.

For rates and fees of the Amex Gold Card, please click here.

Featured image by Isabelle Raphael / The Points Guy

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,600

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Intro APR on Purchases
N/A
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

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.