TPG Talks episode seven: Credit card strategy during COVID-19

May 30, 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.

With travel at a slow down and plenty of credit card benefits going unused, now is the time to audit your credit card portfolio and reassess what should be in your wallet. On this week’s TPG Talks webinar, we were joined by Credit Cards Editor Benét Wilson and Points & Miles Editor Ariana Arghandewal.

Benet and Arianna shared a recap of all the changes to credit card bonus categories, including what you should consider before closing or opening cards as well as specific card recommendations — to perhaps put in the sock drawer or add to your wallet. We concluded by looking into the future of the card industry. If you’ve been wondering how all of the changes to card benefits and perks should affect your wallet, make sure you watch the replay of this week’s talk:

Show Notes

  • 6:25 – Recap of Recent Credit Card Changes and Relief including New Bonus Categories and Waived Annual Fees
  • 12:50 – Things to Think About Before Changing Cards
  • 15:15 – What Happens if You Get a Refund to a Canceled Card
  • 16:51 – Considerations for Getting a New Card
  • 22:58 – Card Recommendations
  • 27:09 – Cards to Use to Book Future Travel
  • 28:40 – Great Sign Up Bonuses Right Now
  • 31:15 – Cards for Beginners
  • 35:01 – The Future of the Credit Card Industry
  • 38:01 – Panelists Personal Comfort on Traveling Now
  • 40:50 – Clarifications on Downgrading and Upgrading Cards
  • 42:36 – Chase Sapphire Preferred (CSP) vs. Chase Sapphire Reserve (CSR)
  • 45:42 – Trip Protection Coverages
  • 48:19 – How to Manage Multiple Cards
  • 50:37 – Timing Credit Card Applications
  • 51:57 – Maximizing Authorized Users
  • 53:56 – Understanding Your Credit Score
  • 54:20 – Closing Thoughts

Follow on reading and important links

Bottom Line

TPG Talks is a series of live webinars hosted by team members from The Points Guy, covering various aspects of the travel, credit card and loyalty industries. Join from anywhere in the world on any device to learn tips and tricks that’ll get you closer to your next dream vacation.

For a list of previous sessions, visit our TPG Talks hub page, or click on any of the links below for individual recaps:

Featured photo by Guido Mieth/Getty Images

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points


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 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 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, 60,000 points are worth $750 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
Regular APR
15.99%-22.99% Variable
Annual Fee
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit

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.