Confusing Nature of MR Points and Benefits of Gold Card
I feel like there needs to be a discussion about how confusing Amex needlessly makes their rewards and benefits in comparison to other issuers. I'm outlining the Gold card below, but it's similar for the Platinum card.
Amex Gold
This is all to say, the gold card only seems to be a decent deal if you spend a lot and really value the MR transfer partners. Otherwise it seems like a card with a bunch of gotchas that for most people who don't learn all the intricacies of the benefits would probably be better off with a no fee double cash back card. The card is simply needlessly complicated, they need to get with the program and look at what Chase does with the CSR and CSP cards, benefits that can be explained in less than a minute.So for a $250 annual fee you effectively pay $30 after remembering to eat at one of the restura |
Originally Posted by sethMCOflyer
(Post 30964295)
Otherwise it seems like a card with a bunch of gotchas that for most people who don't learn all the intricacies of the benefits would probably be better off with a no fee double cash back card.
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Originally Posted by Beltway2A
(Post 30964319)
You've described functionally every "premium" card. Some cards, particularly the Plat, can easily provide thousands in value for the right spending patterns. If your spending profile doesn't get enough value from your Gold card, you would be better off with a different card.
Like I said, the main benefits of the Chase cards can be described in less than a minute, the Amex benefits need an hour so you can outline the specifics. |
If that works for you, great. Others of us get a lot of value from programs that Amex offers and Chase does not.
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Originally Posted by sethMCOflyer
(Post 30964295)
This is all to say, the gold card only seems to be a decent deal if you spend a lot and really value the MR transfer partners. It seems like you are interested in cashback more than anything else - if so, Chase's travel portal is a good deal. I almost never book through travel portals of any kind, so personally I find the Chase structure less appealing (though transferring to United, Hyatt, Southwest, Jetblue, Flying Blue are attractive) EDIT - One final thing to note is that the Charles Schwab Platinum allows all Membership Rewards points to be redeemed for cash at 1.25 cents per point. |
Originally Posted by sethMCOflyer
(Post 30964348)
Sure, that's why I mention the Chase cards since they also appeal to someone who eats out and travels at least a few times a year. With my CSR it's simple, any sort of travel and dining earns 3x points. If I want cash that's $0.01 per point, if I want to book travel through their Expedia portal, that's $0.015 per point. Super simple.
Like I said, the main benefits of the Chase cards can be described in less than a minute, the Amex benefits need an hour so you can outline the specifics. |
Doesn’t the 3x rewards on the CSR only kick in after you’ve exhausted the $300 credit? I was thinking about a CSR, because I easily spend $300 on tolls, parking, and Uber over the course of a year just living life, but if I don’t accrue points until I’ve spent the $300 credit that makes things a little more murky. |
Originally Posted by Adelphos
(Post 30964649)
It seems like you are interested in cashback more than anything else - if so, Chase's travel portal is a good deal.
That's really my point, Amex has loads of things that I really like, the benefits as a whole, the idea of travel credits and uber credits, however they're all so restricted in the ways you can use them. If they came out tomorrow and said the MR points can now be used in their portal for 1.5 cpp, cashback at 1 cpp, and all the credits they offer like Uber and travel lost all the silly restrictions, I'd be all about it. |
Originally Posted by surfmonkey89
(Post 30964998)
Doesn’t the 3x rewards on the CSR only kick in after you’ve exhausted the $300 credit? I was thinking about a CSR, because I easily spend $300 on tolls, parking, and Uber over the course of a year just living life, but if I don’t accrue points until I’ve spent the $300 credit that makes things a little more murky. |
Originally Posted by sethMCOflyer
(Post 30965008)
.... travel portal as the fallback (with a solid 1.5 cents per point value) is a big plus......
Originally Posted by Happy
(Post 30964183)
My recent experiences with the "Chase Ultimate Reward powered by Expedia" show a few things that we all need to be aware
1) the inventory is NOT identical to Expedia. 2) the pricing almost always is 10 to 15% higher on international stuff - be it hotels or airline tickets. Domestic stuff the padding is commonly at 5% sometimes there is none. |
Originally Posted by sethMCOflyer
(Post 30964348)
Like I said, the main benefits of the Chase cards can be described in less than a minute, the Amex benefits need an hour so you can outline the specifics.
Amex cards, and I'd say the MR ecosystem, are a bit more effort and require more knowledge to optimize than Chase cards and the UR system. I'm not going to disagree with you on that, but I'd say that there is a lot of potential value upside in the Amex corner. The benefits and credits are more YMMV when it comes to easily getting value out of them, there is no easy travel portal or cash back, and some of the transfer partners need a bit of thinking, but depending on your travel and spending habits can be a better value. I'm flying r/t from the US to Asia in biz later this month on EVA, ANA, and back Asiana for 95k MR points. You can't do that with UR transfer partners. You just can't. You find the Gold card to be a hassle, I find it to be a Gold Mine of MR points. To each their own... and I say that as somebody with as many Chase cards as Amex cards ;) |
Originally Posted by mia
(Post 30965292)
When is $0.015 not really $0.015? When the portal prices are inflated:
Second, if there is a 10% discount we're still at 0.0136 cents per point compared to Amex at half of that.
Originally Posted by krazykanuck
(Post 30965315)
That's a bittt hyperbolic. An hour? How long did your post take? ;)
Amex cards, and I'd say the MR ecosystem, are a bit more effort and require more knowledge to optimize than Chase cards and the UR system. I'm not going to disagree with you on that, but I'd say that there is a lot of potential value upside in the Amex corner. The benefits and credits are more YMMV when it comes to easily getting value out of them, there is no easy travel portal or cash back, and some of the transfer partners need a bit of thinking, but depending on your travel and spending habits can be a better value. I'm flying r/t from the US to Asia in biz later this month on EVA, ANA, and back Asiana for 95k MR points. You can't do that with UR transfer partners. You just can't. You find the Gold card to be a hassle, I find it to be a Gold Mine of MR points. To each their own... and I say that as somebody with as many Chase cards as Amex cards ;) |
Originally Posted by mia
(Post 30965292)
When is $0.015 not really $0.015? When the portal prices are inflated:
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Originally Posted by surfmonkey89
(Post 30964998)
Doesn’t the 3x rewards on the CSR only kick in after you’ve exhausted the $300 credit? I was thinking about a CSR, because I easily spend $300 on tolls, parking, and Uber over the course of a year just living life, but if I don’t accrue points until I’ve spent the $300 credit that makes things a little more murky. |
Originally Posted by sethMCOflyer
(Post 30964295)
I$120 dining credit - Available at a few restaurants that are pretty common, but wait only $10 a month, use it or lose it.
[...] So for a $250 annual fee you effectively pay $30 after remembering to eat at one of the restaurants they support each month and using the confusing $100 incidental credit. In my case I enjoy Shake Shack, but would I be there every month if not for the credit? Probably not, so there's some extra cost associated with that. I never eat at Shake Shack or any of the restaurants that Amex lists, but once a month I decide to do pickup from a nearby restaurant. I doesn't have to be the same restaurant each month (if Grubhub or Seamless has a variety of restaurants near you, as it does have in my case). |
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