Credit Card Updates: Chase Exclusive Rumor, 65,000 Points AMEX Hilton, Surpass Card Update, & American Express Platinum Limited Time Offer [Expired]

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1.  Chase Exclusive Rumor.  Dan’s Deals speculates that soon new customers won’t be able to earn 10 Ultimate Rewards Points per purchase with your Chase Freedom Visa or Chase Freedom MasterCard (if you also have a Chase Checking account as part of the Chase Exclusives Program.)

The rumor is that from November, existing customers will be grandfathered into the old program where you get 10 points per purchase with your Chase Freedom card.  But new customers will not get 10 extra points per purchase with the Chase Freedom.

The 10% points bonus will post to your account annually instead of monthly, which is a essentially a wash.

I personally don’t see this as a big deal, and certainly do NOT see this as a reason to sign-up for the exclusive program now, if that wasn’t part of your plan.

The main benefit of the Chase Freedom, to me, is the ability to earn 5X Ultimate Rewards points on certain revolving categories and either get 5% cash back or transfer them to airline or hotel programs via a transferable Ultimate Rewards card.

I wouldn’t stress out about earning an extra 10 points for small transactions because it isn’t worth the stress of figuring out which card to use the Freedom for, and it is unlikely to add up to much.

I’m a big fan of “Good Enough” and not trying to maximize every single opportunity.

 2.   American Express 65,000 Points.  The American Express PR team sent me a link to a better American Express Hilton credit card. 

Up to November 30, 2012 you get 65,000 Hilton points with the fee-free American Express Hilton card.  You get 40,000 points when you spend $750 within the 1st 3 months, and another 25,000 points after spending $3,000 within the next 6 months.

This card doesn’t have an annual fee and you get free Hilton Silver elite status for as long as you have the card.  I have this card and keep it for access to the discounted AXON awards.  I plan on keeping this card for a long time because it doesn’t have an annual fee and pairs nicely with my Citi Hilton Reserve card.

However, spending $3,000 for 25,000 additional Hilton points may not be the best use of the limited amount of money you have to meet credit card sign-up bonus minimum spending requirements.

It is unlikely that American Express will match you to the better offer if you recently applied for the Hilton card, but it doesn’t hurt to ask!

I’ve updated the Hotel Credit Card tab with this offer where I’ve listed another Hilton offer for 50,000 points after spending $750 within 3 months (not my link & possibly targeted so take a screen shot if you do apply).

The terms say that you can’t get the sign-up bonus if  youhad this product within the last 12 months or any other Consumer Hilton HHonors™ Card from American Express® account within the last 90 days.

3.   American Express Surpass Card Update.  Separately, the American Express Surpass card will offer 12 Hilton points (from 9 Hilton points) per $1 spent at Hilton hotels.  This is effective November 1, 2012 for new card holders or from your November statement cycle for existing cardholders.

I suspect that this was done in response to the Citi Hilton Reserve card which offers 10 Hilton points per $1 spent at Hilton hotels.

You also get free Hilton gold elite status (free breakfast & internet) for the 1st year and after spending $20,000 in subsequent calendar years.  However, the Citi Hilton Reserve card is better because you get free Gold elite status for as long as you have the card – even if you don’t spend $20,000 per year.

The Citi Hilton Reserve card also has no foreign transaction fees compared to 2.7%  for the American Express Surpass card, so the Citi Hilton Reserve is still the best card to use for stays at Hilton outside the US.

I also prefer the 2 free weekend nights at almost any Hilton with the Citi Reserve card than the 60,000 point (~1 night at a top Hilton) sign up bonus with the American Express Surpass card.

4.   American Express Business Platinum.  The 25,000 Membership Rewards points sign-up bonus on the American Express Business Platinum ends on October 29, 2012.

I would NOT sign-up for this card with a 25,000 point sign-up bonus (even though it pays me a commission!) when you can get 50,000 points with the personal American Express Mercedes Benz Platinum (doesn’t pay me a commission).

Readers often email me with targeted offers for 50,000 points for the American Express Business Platinum so look out for those!

The only potential reason to get the American Express Business Platinum card is if you like the Pay with Points feature where 1 Membership Rewards point = 1.25 cents towards any air ticket booked through American Express.

American Express is discontinuing this on their personal Platinum card, so you could get the Business Platinum Card if this feature is valuable to you.

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33 Responses to Credit Card Updates: Chase Exclusive Rumor, 65,000 Points AMEX Hilton, Surpass Card Update, & American Express Platinum Limited Time Offer [Expired]

  1. For the Amex Hilton is it $750 + $3000 total? (So $3750 over 6 months?) Or the initial $750 counts towards the $3000? Thanks!

  2. @Joe - I interpret it to mean $3,000 total within 6 months so the $750 counts towards the $3,000.

  3. My husband used your link and he was approved! We are going to use the points for 2 nights in Amsterdam….should cost 60K points. Now we have 65K! Thanks for answering my FlyingBlue award ticket questions via email earlier this month…that helped me get there, too!

  4. If you are staying at the AMS Hilton, be sure to ask to see the John Lennon room from the bed in for peace days!

  5. FYI… I checked with Amex last night, if you recently signed up for the Hilton Amex, AMEX will NOT match you with the new 65,000 point promotion.

  6. “Readers often email me with targeted offers for 50,000 points for the American Express Business Platinum so look out for those!”

    Did you mean to say 100,000 points?

  7. Nevermind, I didn’t realize you were talking about the Business Platinum.

  8. Is there a 50K MR bonus for the regular Platinum card (non-MB)? It has a slightly lower fee … I’m thinking of getting it in November, seems like the best time of year to get it …

  9. How does Citi consider “Vanilla Reload” from Office depot: as cash advance or Purchase?
    If they treat it as a purchase, then I could pay all my credit card (around $1K/ month) with Bluebird loaded with Vanilla for $7.90/month($3.95 * 2) to reach 10K/ year to get a free Hilton night and the use the 36000 ($12000 * 3 points) Hilton points for one more night, with “Hilton Honors Gold status”
    This way I will get 2 free Hilton nights every year for $189.8 ($94.8 for Vanilla reload + $95 Annual Fee). Is this workable?

  10. @Lively – Thanks for using our link. No commission on the AMEX Hilton cards, but they are better than the previous AMEX offers.

    @Travis - They’ve really tightened up on matching offers.

    @AK – There are targeted offers that I know of, but no public offer.

    @Prem
    – The transaction is from Office Depot, so it should be a regular purchase.

  11. Hi Daraius,
    I was hoping you can give me some insight. I have a chase sapphire preferred which everyone raves about. I am planning on getting the chase ink bold. So am I thinking of canceling the chase sapphire and replace it with the ink bold. This way I don’t have to pay for two annual fee. Is that a good idea. Am I loosing out on something if I cancel the chase sapphire? I also want to get the chase freedom instead since that has no annual fee. Thanks

  12. I disagree with your assessment of 10 and 10 (Chase Exclusives). If you make 3 small purchases a day ($5 or less) then you get 10K miles a year extra. In terms of calculations, it not that difficult, just use the card for most purchases below $10 – unless another card can get you more than 2x back on the purchase. Is this 5x at OD, no, but it is a nice and simple way of staying in the game. And it doesn’t involve a loophole which might get your account closed.

  13. Darius, if you have the Chase Ink Bold, all you need is a regular Sapphire (no annual fee) and you can get all the benefits you would be getting from the Sapphire Proffered (I believe). Can someone confirm the 7% year end bonus?

  14. Can I get a match to the 65k offer if I call them before I activate my card? I applied last week. Thanks!

  15. If any one needs a business Platinum 50,000 point offer link, Please send me an email – husarm@live.com.
    The offer is only available to people who have not had anyBusiness membership rewards card (Green, Gold, or Platinum) during the last 12 months.
    Thanks.

  16. I think the Citi Reserve Hilton Card is still better than the Amex Surpass due to not making 20k in spend to get Gold. I’ve been both Diamond and Gold – sadly there isnt much diff between the two levels. Only in a few extreme circumstances would it make sense for a non traveler to need Diamond instead of Gold Status.

  17. I don’t call that an extra 25,000. I recently got the Hilton Amex with 50,000 bonus for spending $750. Now it is $3,000 for only 15,000 more points. I’d rather use the spending on something else.

  18. @leslie - Yes, that is a good idea if you don’t want to pay the food and don’t use the Sapphire Preferred much to earn double points on travel and dining to justify the annual fee. However, you will lose the points on your Sapphire Preferred unless you transfer them before you cancel the card. You also won’t get the 7% points dividend which posts early next year for purchases on the Sapphire. The Chase Freedom is a great card to have and keep because you can get the 5X category bonus and transfer them to your Ink Bold and then to other airline and hotel partners.

    @El Turk - I’m not saying it doesn’t make sense for everyone – I’m just saying that we’re juggling so many things with miles and points that it is okay to occasionally pass on an opportunity. I don’t beleive you get the 7% points bonus with the Chase Sapphire.

    @Ryan – I doubt it, but it doesn’t hurt to ask.

    @MileageUpdate – I agree. The Citi Hilton Reserve is a better card in my opinion. The extra earning at Hilton hotels with the Surpass doesn’t beat the other benefits of the Reserve.

    @Frank
    - I agree. The extra spending can be used elsewhere.

    @

  19. Does anyone know the maximum amount of points that can be earned annually with the Hilton amex?

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  21. Darius, I tried applying for the Hilton HHonors Amex card for 65K points and everytime I tried to hit the button continue, it says there is a problem with a data input field. I called Amex and they said I cannot apply online for that offer. I also tried on the Amex site to test out the normal 40K points offer and the link wouldn’t work either. Do you or anyone else know what’s going on?

  22. @Justin - I don’t believe there is a cap on earning points.

    @anony – I’d just try again later.

  23. Darius, I too have tried applying for this card several times today and get the same “problem with a data input” message. For the life of me, I can’t find a phone number anywhere to call. Any suggestions?

  24. Update: Problem with data input was that I had a “&” in my employer name. The website neglects to mention what the problem is.

  25. @Greg - Glad it worked out!

  26. The Chase Freedom 10 bonus points for every purchase with a checking account is making me a few hundred dollars a year. I make a separate purchase for every item at the grocery store. I make a minimum of 30 purchases when I fill up the gas tank. It takes time but I have it and I like saving! Chase also gives 1 tenth of a point bonus for every dollar spent and 1 point for every dollar spent. With no annual fee this is by far the best card.

  27. I also want to tell you about the best sign up bonus I ever had! Bank of America gave me a $400 for opening up their rewards card when I spent $500 in 3 months. They also gave me a 10% ($40) bonus when depositing it in my checking account. It was an offer I received in the mail. Being a good customer of theirs for years and excellent credit really paid off ! Also, on top of the bonuses the Chase freedom card gives checking account holders you get the 5% quarterly category purchases bonus.

  28. I forgot to mention that there is no annual fee with the Bank of America rewards card.

  29. Just FYI, you can only get the sign-on bonus points for the same family(i.e. Hilton Hornors Points) for ONE time in 12 months. I learnt it the hard way and wish I have been told it earlier before spending so much time, money etc. They are now very strict about it. So if you are planning getting lots of HH points, select no more than one Amex card.

  30. You will only get sign-on bonus points for ONE AMEX card in 12 months! I learnt it the hard way and wish I had been told earlier. Amex is very strict about this now.

  31. But if you cancel the Surpass card, you can get the annual fee waived and the points are yours to keep.

  32. @Darius -I did not see the 75K offer that you posted and I applied for the 60K Amex Hilton Surpass offer and got approved yesterday (12/27/2013) Any way I can contact the Amex Marketing team and ask them to match the 75K offer? Any email address, I can contact them to request them for the match?

  33. @Joel – Unfortunately, American Express doesn’t seem to match offers.

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