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BEST Ways to Use Amex Membership Rewards Points ( 2020 Update )

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The best and worst ways to redeem Amex Membership Rewards. [ Blog Post + FAQ ] bit.ly/2EyYYco
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Опубликовано:

14 авг 2024

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Комментарии : 159

@justinwilliams2273 4 года назад

We need some Advanced Sebb tutorials for finding award flights and deals on Mandys channel!!!

@AskSebby 4 года назад

Soon! :)

@fn3458 4 года назад

Sebby Patreon!!

@danielmondragon5044 4 года назад

Currently have around 225k MR points and I have the Platinum Charles Schwab card. My plan is to cash out these points to help pay for lasik surgery

@davidjackson2179 4 года назад

good luck on your surgery!

@danielmondragon5044 4 года назад

@@davidjackson2179 Thanks! I will be having this done sometime in October. I really want to get it done this year just so I can say I got 20/20 vision in the year 2020

@pluto3d638 4 года назад

Just got accepted for the Chase Freedom yesterday!

@ss-tl1ic 3 года назад

Congratulations 🎉 enjoy 😊

@ImagineSYL 3 года назад

Congrats 🎊🎉🍾🎈

@jeremiahsams2848 3 года назад

May I ask what type of FICO score is needed?

@Thacldriva 4 года назад

Been eyeing a rimowa suitcase for some time. Seen that Amex was giving 10,000 points for rimowa purchases over 600 dollars using the platinum card. Decided to pull the trigger 😁 not far from 200k MR points.

@CaseyBurnsInvesting 4 года назад

Watching a simple video good save you hundreds in life. Thanks Seb. About to apply for a new offer and get the fee waived (military)

@AskSebby 4 года назад

Nice! Which one are you going for?

@CaseyBurnsInvesting 4 года назад

Ask Sebby Going for the Platinum or the Chase Sapphire Reserve. I’m not sure if I can get the Platinum bonus a second time.

@AskSebby 4 года назад

Amex has a once in a lifetime rule. If you already received the bonus from the vanilla, might be worth going for the Schwab next (no increased offer, but you get the bonus).

@CaseyBurnsInvesting 4 года назад

Ask Sebby Thanks. I will check that out.

@tankercrewchief 4 года назад

Casey Burns Investing Go for the Sapphire first to avoid the Chase 5/24 rule

@fulim226 4 года назад

Dang Seb, you should do a class or sell some sort of book to show us how you find such cheap travel, I would def. pay for that.

@mawtinroy 4 года назад

WE LOVE YOU SEBBY

@AskSebby 4 года назад

🤗

@vrgsz 4 года назад

Sebby, thank you for all the videos that you do! You got me really sorted out in this credit card thing and even though I'm in a great gardening position, I still watch all of your videos.

@AskSebby 4 года назад

Glad it's helpful! :)

@vrgsz 4 года назад

@@AskSebby I always learn something, thanks again

@hahahanvm 4 года назад

Any go to transfer partner for MR points similar how people say Hyatt is the best for UR points in terms of CPP?

@AskSebby 4 года назад

Singapore, Virgin Atlantic, ANA, and Aeroplan are all interesting. Some of the other ones have sweet spots as well. Assuming they stay a going concern and don't see a devaluation: www.asksebby.com/blog/best-way-to-redeem-american-express-membership-reward-points-for-travel

@trevorforbes2382 4 года назад

Definitely a lot harder than I thought. Never find good point values for any where I would want to go. Especially on hotels.

@TylerCC_ 3 года назад

Rite Aid also tries to use your MR points when you pay with your Amex. You need to be careful and click ‘No’ when it prompts you.

@williamconnor4315 4 года назад

been watching your videos for awhile now such great information

@AskSebby 4 года назад

Thanks! :)

@sharnrodriguez3901 4 года назад

I had been saving my points for travel. I did dip into some because of the current situation. I built it back up to about 91k points. I hope to travel in the Spring but definitely Next Summer. I hope to get a retention offer 🙏 and have over 150k points to due a round-trip flight to the Caribbean or even a hotel flight combo.

@jefuryo 4 года назад

Sebby what about the Dell $100 statement credit with a DJI drone? Is it worth it?

@financiallift6185 4 года назад

So if chase is beginning game, amex is late game. Then what's the end game. Que marvel theme music

@KT-kr9uh 2 года назад

Hey Sebby, can we get an update on this?

@maximilianogarciachirinos3663 4 года назад

I am planning to usethem on the travel partners for business class

@jonathanfactor6688 3 года назад

Great video thanks I did not decide what amrican express credit card to get yet

@rodb.5801 3 года назад

Sebby for people who don't have flexible travel schedules or families who can only travel on very busy travel times when the children are out of school using points to travel is EXTREMELY difficult. It is virtually impossible to book flights with points in most of these situations, not to mention you need to move with the speed of a ninja to facilitate the transaction when things miraculously line up.

@favyan16 3 года назад

Is the 1000 point for 2800 hilton worth it rn ?

@lauren0007 2 года назад

Only if the hotel costs 28,000 points because usually the lowest are 30,000. If you are short points you will have to pay the rest in money which usually isn’t worth it because of tax and resort fee

@robirvin9819 4 года назад

Thanks for the video Sebby...I hope you might do an extended video on Amex transfer partners, I'd love to know a bit more about maximizing those values to various partners as someone who doesn't get to fly international much.

@emokniet 4 года назад

How many flights/hotel stays a year would make the platinum a viable choice

@gilbertnicholas1582 4 года назад

In my opinion the number is at least 2 trips

@kimlam504 4 года назад

Still watching even though I have no MR points.

@AskSebby 4 года назад

@shuoma5303 4 года назад

Schwab is the most flexible one from my perspective as someone who doesn’t travel by air a lot, especially during the pandemic.

@jonathanxie8826 4 года назад

Happy Tuesday Sebby!!

@AskSebby 4 года назад

@Xenaisthebusiness 2 года назад

It’s been over a year and I still can’t find the lynx on your website

@joelgarcia5894 4 года назад

Michelin star restaurant or supermarket? 🤣🤣🤣

@shishigumi 4 года назад

Burned 300k MR for biz tickets a few years ago. Now I only do Schwab cash out for investments. I’m gonna call my mom and tell her that I grew up

@Chadfeingoldseo 3 года назад

What's your process for finding/keeping up with the best transfer partner deals?

@AskSebby 3 года назад

It mostly depends on the airline you want to fly / product you want to try. 1) Where are you flying 2) What product/airline 3) Which points are most advantageous to use

@BobbyThunderbird 4 года назад

Sebby, the kind of guy that dissects insects under microscope, while watching Netflix.

@jasonsingh4932 4 года назад

hey brody i have question. If you get a credit card and get the points and pay your bill in full and have it in really good standing, but your only really using it for the points and travel credits etc... does it negatively impact your score if you close the account after the first year?

@ahnaf135 3 года назад

What do you think of Amex transfer partners vs chase - do you have a video on this?

@lindapham5563 2 года назад

Update on how to maximize points 2022?

@InfamousBiggz 4 года назад

Hey Sebby, my Wife has a low 800 fico score (which is better then mine 756) with 2 credit cards from 2 years ago, one is from my authorized user. I asked her to apply for the hilton honors and she was approved for only a $1,000 limit.. meanwhile none of our cards are that low.. Any thoughts or reasons why?

@batmanbluedarker5087 3 года назад

Just got approved to my Amex platinum I heard their no longer a charge card 💪🏼

@Alvin_1914 4 года назад

Always love an Amex upload! #squuuuad

@AskSebby 4 года назад

🙌

@DunyadaMisafir 4 года назад

My question is for everyone. I am a non-US citizen. If I have an ITIN or EIN, can I have credit cards or I have to be a citizen of the US for having a credit card?

@LuisTadeo94 4 года назад

I know of international students/workers being able to get a credit card with just an ITIN. So no, you don’t need to be a citizen or green card holder.

@skylarmelendez1703 3 года назад

Just got Amex platinum and my score is 720

@m4qunki 3 года назад

sorry to ask watched you video. So I can transfer my MR points to Delta or any airline partners to get the most value? I got targeted for 100K amex plat. i am not sure what to do.

@AskSebby 3 года назад

Delta is generally a bad transfer partner. You generally want to do SQ, EY, VS. Transfers lean aggressively towards int'l F/J.

@mohamedrahal4143 4 года назад

Please Sebby or anyone here answer my question: If i have 5 credit cards, if i close one of the account would I be eligible for chase card ?

@AskSebby 4 года назад

No. You opened 5 accounts regardless, so closing one doesn't matter.

@parkerryan9588 4 года назад

I was curious what people recommend for a second credit card?. I currently have the discover student chrome. I am in my last year of undergrad at college. My credit history is only 8 months long. I feel like there are better rewards with different cards that I am missing out on. Any suggestions would be greatly appreciated

@AskSebby 4 года назад

Generally Chase Freedom/CFU. Fill out with 3 other Chase cards (tons of cards w/ downgrade paths or anniversary nights): www.asksebby.com/blog/how-much-are-chase-credit-cards-worth If you want to talk strategy: www.asksebby.com/free-card-consultation

@unpluggedfreedom1 2 года назад

Amex is offering $100 statement credit for every 10,000 points. Not bad

@TouchdownSooners 4 года назад

Can you still trigger the airline fee credit with Southwest gift cards?

@AnEverydayDude 4 года назад

Can you do an updated video on hotel credit cards?

@skylarmelendez1703 3 года назад

I’m 19 with 8 credit cards and 3 charge cards

@first-du3xq 3 года назад

That's incredible I am 19 and I am about to open an amex gold in a few weeks what is your credit score if you don't mind me asking I have a 762

@davids2206 3 года назад

Finally got the gold card!

@marcelbeauregard2661 4 года назад

What would be the best way to use your points to get the maximum on hotel stays ?

@AskSebby 4 года назад

Chase => Hyatt. For Amex, it really depends on the property. Hilton might make sense when they have the 1=>3 transfer promotions.

@marcosalarcon64 4 года назад

Does someone know if card utilization per card matters? if I had 3 cards with $1000 limit each, does it matter if I have $300 in each or $900 in one and the rest in zero?

@james-p 4 года назад

Better to have the balance across 3 - maxing out a card hits the score harder. Better yet, just pay the balances in full before the statement date (note: _statement_ date, not due date). Leave $5 or less on one of them - that's just to show you're actually using your credit. Credit cards are best used like debit cards - pay as you go.

@marcosalarcon64 4 года назад

James P thank you!!

@markcheung2952 4 года назад

This is probably intentional on your part but the Amex business gold redemption at 1.33 cpp was left out.

@AskSebby 4 года назад

Error on my end. I forgot the 25% rebate existed. It's really easy to dismiss it with the Platinum Business option.

@dmitryclarke2127 3 года назад

So I like looking at %’s more then XPoints. So if you’re getting for example .07¢ per point that’s 7% back no?

@AskSebby 3 года назад

Example: Gold earns 4x back on dining. If you get 2 cents per point. 4x * 2 CPP = effectively 8% back

@dmitryclarke2127 3 года назад

Ask Sebby okay that’s what I thought. Just got the Gold Card yesterday. I’m 22 and have 5 other cards including CSP, would you say I’m in the top 10% for my age in terms of credit cards? Lmao

@brianmiller9949 4 года назад

Hi Sebby. I have had the Platinum card for about a year and a half. A couple months ago I opened a Schwab Brokerage account. Can I product change my Platinum to the Schwab Platinum and have all of my points go to the new card? Or do I need to apply for that card separately? Thanks

@emokniet 4 года назад

Even if you could you’d be better off just opening a new Schwab one cause you’d be able to get the welcome bonus again.

@brianmiller9949 4 года назад

emokniet Good idea. Next time I have a lot of spend to do I’ll consider it

@EMASSlacrosse14 4 года назад

You cannot product change cards like that. I would take the advice above and get the schwab platinum. You will be eligible for 60k points as a SUB, maybe even 100k if you get targeted

@jacobphillips1527 4 года назад

I was a bit sad to give up on the 100k platinum wait.. but, I jumped on a 75k gold SUB (4K in six months). I hope to get a decent plat SUB eventually and it’ll even out enough.

@kingzts 4 года назад

its harder than UR points....atleast with the CSR the default 1.5 ccp makes it easier and the hyatt transfers are still the best deals alive

@charlesjackson3117 4 года назад

Hey Sebby! I hope You're well... I was just informed that I was "ineligible" to earn the welcome reward on my blue cash preferred because I have a Delta Gold card. Is this correct? Does it hold true for all other Amex cards? Thanks in advance!

@AskSebby 4 года назад

You ran into the bonus popup: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-uJEb780ofKo.html The theory is that you need to spend more money on the BCP card and that might make you eligible next month. Bonus popup parameters are also different on the family of cards (i.e., you might be eligible for Amex Hilton cards).

@charlesjackson3117 4 года назад

@@AskSebby Thanks for the advice! Keep making great videos!

@moneywithmason-personalfin4710 4 года назад

Didn't know about the 60K for $750 at Schwab - nice! Thanks, Sebby!

@varjunind1 4 года назад

I booked an airline ticket through Amex travel using MR points then cancelled the trip in 24 hrs but they refunded cash and not MR :(

@toulcaz31 4 года назад

You would be surprised by the cost of the ingredients for most Michelin star restaurants. The often look for the best products around.

@AskSebby 4 года назад

Yup! A lot of the Michelin star purveyors in SF are selling direct to consumer right now. About 3-5x mark up at the restaurant.

@toulcaz31 4 года назад

Ask Sebby if you can cook like a Michelin Chef, that’s a great opportunity to save some money then 😀

@AskSebby 4 года назад

That's why we've been doing sushi bowls -- hard(er) to mess it up! :) Agreed that for most meals, you're paying for their interpretation of the food + the experience they're crafting. Same with art; value goes beyond the cost of paint.

@toulcaz31 4 года назад

@@AskSebby if you get the chance to watch Chef's Table documentaries on Netflix, it's quite something to see working some of the most creative and talented chefs. They bring the craft to another level; a bit like you with credit cards :)

@christianmvalentinjimenez6335 4 года назад

Please make a video of Southwest increased offer 65,000 🙏🏻

@zjwerkz203 4 года назад

Sebby saying Amex is better end game. Me getting into Amex as soon as possible 😂😭

@Humayunmiah19 4 года назад

Hi, do you have a link for your excel spreadsheet?

@Humayunmiah19 4 года назад

Or a video on how to make it

@AskSebby 4 года назад

sheets.new/ I would just build a model yourself. It should take you

@ausg0d 3 года назад

Amex gold 733 score

@ahkeen 4 года назад

Yup, pre-covid I was racking at least 100k worth of travel for work. Now I’m not even making any points on my platinum card.

@dylanalexander5163 3 года назад

great video

@ezioaltairac 4 года назад

It's a daylight video everyone!

@AskSebby 4 года назад

🌞 Rare sighting 🌞

@edbendahman8122 4 года назад

Hi Sebastian, how you doing man I have a quick question if u don’t mind?! I used to have the Amex P back in 2006 they closed because I was going through short sale in 2010 I was a good customer with them never missed a payment.. now I have the blue card CC I’m still good customer with good credit score so I was going to apply for the Amex P but I am unemployed do u think I’ll have a problem getting approved thanks for your time and help!

@AskSebby 4 года назад

You'rd going to have a hard time with most (all?) issuers if you're unemployed. It's generally a huge red flag for underwriting.

@andrewcruz5346 3 года назад

This is some fire coontext

@jonathanfactor6688 3 года назад

You might get the best points on the platinum card

@justinspeer8481 3 года назад

I think, for most, the tax question pertains to taking the distribution from your investment account more so than being taxed transferring your points out.

@SolidLiquidFox 4 года назад

I'm gone for a few weeks from commenting and the haircut and lips situation goes crazy

@AskSebby 4 года назад

😬

@SolidLiquidFox 4 года назад

@@AskSebby 😄

@samgitoakafotografiraptor4693 4 года назад

Hey sebby , hope your doing great ! I’ve been a very long time follower and I have referred several friends to your resources to help with a lot of issues. Almost two years ago I was approved for my amex plat. Thanks to a,ot of your help and knowledge I was able to qualify and find the 100,000 bonus back then 👏. I was recently approved for the Schwab platinum card with the 60,000 sign on bonus. Now listening to you I am fully aware I probably will not get my 60k points due to this is a second bonus however my main goal is to utilize the brokerage account feature . Before I agreed to the terms and information online I called amex and explained my precious points and my intent to change them to cash via Schwab brokerage. The rep confirmed this is completely possible , my fear is this will still not be the case. If this is not possible it will negate my intent of opening the Schwab plat amex. Do you feel there is anything else I should do or proactively do to confirm I will be able to use this properly ? Maybe close my first amex plat first , before I use the points ? Any help is much appreciated

@AskSebby 4 года назад

You can have multiple Platinum cards. Platinum and Platinum Schwab are different products -- not sure why this would be a problem.