Originally Posted by
Duke5150
Thanks for the advise but I still have some questions....
Why the TY points when they are 1:$1? If it is merchandise or cash you would want then it's a better deal with Fidelity Cash Rewards or AMEX Blue Cash as they pay 1 1/2% cash. The merchandise exchange rate for points looks like it is 1% or less. And the cash back cards have NO limit.
If it is 3 pts per $1 then the Chase Business card gives 3% cash back on Restaurants, Gas, Office Supplies, and Home Improvements.
Even Starwood Amex seems better for airline tickets as they give you the 25% bonus.
If it is Airline Club membership with the Merrill+ you want then the cash back cards still beat it as Merrill+ is a 1:$1 in points and the merchandise and cash exchange rate seems to be at 1% or less. That extra 1/2% would pay for the club access at over $50,000 spend.
I understand that the Citi PP Elite is great BUT that is if you fly alot and can match up the miles with the spend. But I don't fly.
Even if I could get Chairman card why is it better.
Please advise?
ON - Why the TY points when they are 1:$1?
- They are not 1:1 on Chairman or PP Elite.
- Its 3:1 on Chairman for select spending
- Its 2:1 of PP Elite for select spending
- Its N:1 on both cards for TY Merchant purchases depending on the
merchant rate
- This is a better return rate than most cards that just offer 1 point per $.
- When comparing to a cash card the evaluation depends upon how you value reward airline ticket versus cash rewards. Some people value airline tickets at 0.015 cents per point or higher.
- This valuation would make both Chairman and PP Elite superior to many 1 pt/$ or cash cards
ON - If it is Airline Club membership with the Merrill+ you want....
- Use the Merrill Card for the first $50k. Then use the cash card.
- If you value the club membership at $350 and the points at 1.5 cents/pt you get a return of 0.022 cents per $ spent for the first $50k.
ON - I understand that the Citi PP Elite is great BUT that is if you fly alot and can match up the miles with the spend. But I don't fly.
- Consider the AMEX HH card. If you stay at premium hotels for your vacations, you can achieve nearly 4% return.
- Consider a cash card.
ON - Even if I could get Chairman card why is it better (than PP Elite)
- Priority Pass membership
- Extra point per $ on select spending
- Unlimited point accumulation each year
- Excellent personal assistant service
- HH Gold Status