We got two of the same credit card — reader mistake story

Sep 11, 2019

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Today, I want to share a story from TPG reader Conrad, whose wife got a card that didn’t offer them much additional value together:

My wife and I didn’t maximize our options in regards to perks when applying for our travel credit cards. I was approved for the Chase Sapphire Reserve just over two years ago. After six months of generating lots of points and getting great redemption values, my wife applied to get her own card (not as an authorized user, but on a separate account). Fairly soon after she received her card, I realized this move was not the best we could have made.

My wife and I go almost everywhere together, and we do not have any kids at home. Most of the benefits we already had from my card apply to at least two people, so her getting the Sapphire Reserve didn’t give us any new ones. Looking back on it, my wife should have applied for a different card, such as The Platinum Card® from American Express. Then we would have had all the Chase benefits from my card, plus others like Centurion Lounge access and hotel status.

Because my wife and I are frequently together when making purchases, we could also use whichever card was more beneficial for each purchase instead of just relying on the Sapphire Reserve earning rate. Just like with investing, it’s to our advantage to diversify the benefits we receive from our credit cards.

When you start playing award travel as a multi-player game, you may need to tweak your approach to earning points and other rewards, including credit card perks. Getting cards with redundant benefits typically adds little value to your portfolio — for example, Conrad and his wife won’t get much from both having primary car rental coverage on their Sapphire Reserve cards if they always travel together. Instead, target credit cards that offer complementary benefits. I personally have the Sapphire Reserve and the Amex Platinum and think they go well together, but if the high annual fees are a concern, you can find other quality card pairings at a lower cost.

Some card benefits like annual free hotel nights and airline companion tickets are worth earning in duplicate, since having one doesn’t inherently diminish the value of having another. You can also make use of seemingly redundant benefits such as lounge access and some travel protections when you’re not traveling together. The key is to assess how a card and its benefits will fit with your travel patterns given the other cards already at your disposal. If you travel separately often, then addressing your individual needs may prove more valuable than maximizing your collective benefits.

Related: Should Couples Share Rewards Credit Cards or Get Their Own?

I appreciate this story, and I hope it can help other readers avoid making the same mistake. In appreciation for sharing this experience (and for allowing us to post it online), I’m sending Conrad a gift card to enjoy on future travels, and I’d like to do the same for you. Please email your own travel mistake stories to info@thepointsguy.com, and put “Reader Mistake Story” in the subject line. Tell us how things went wrong, and (where applicable) how you made them right. Offer any wisdom you gained from the experience, and explain what the rest of us can do to avoid the same pitfalls.

Feel free to also submit your best travel success stories. If your story is published in either case, I’ll send you a gift to jump-start your next adventure. Due to the volume of submissions, we can’t respond to each story individually, but we’ll be in touch if yours is selected. I look forward to hearing from you, and until then, I wish you a safe and mistake-free journey!

Featured photo by Klaus Vedfelt/Getty Images. Edit by The Points Guy.

Bank of America® Premium Rewards® Visa® credit card

This card from Bank of America gets really interesting if you have a BofA checking, savings or investment account. Depending on the value of your combined accounts you can potentially get as much as 3.5x points on travel/dining and 2.625x points on other purchases making it the richest consumer banking bonus out there.

Apply Now
More Things to Know
  • Receive 50,000 bonus points – a $500 value – after you make at least $3,000 in purchases in the first 90 days of account opening
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases and unlimited 1.5 points per $1 spent on all other purchases
  • If you're a Bank of America Preferred Rewards member, you can earn 25%-75% more points on every purchase
  • No limit to the points you can earn and your points don't expire
  • Redeem for cash back as a statement credit, deposit into eligible Bank of America® accounts, credit to eligible Merrill accounts, or gift cards or purchases at the Bank of America Travel Center
  • Get up to $200 in combined airline incidental and airport expedited screening statement credits + valuable travel insurance protections
  • No Foreign Transaction Fees
  • Low $95 annual fee
Intro APR on Purchases
N/A
Regular APR
17.74% - 24.74% Variable APR on purchases and balance transfers
Annual Fee
$95
Balance Transfer Fee
Either $10 or 3% of the amount of each transaction, 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.