There have been rumors on FlyerTalk and other blogs in the past few weeks about possible new rules for getting approved for Chase credit cards.
I’ve done some digging and spoke to a Chase representative. It’s NOT good news for folks who apply for lots of cards!
If you’ve opened 5 or more credit card accounts (from any bank) in the past 24 months, it’s VERY UNLIKELY Chase will approve you for any of their Chase Ultimate Rewards earning cards, like the Chase Freedom, Chase Sapphire Preferred, or Chase Ink Plus.
Have You Opened 5+ New Credit Cards in the Last 24 Months? You’ll Want to Read About Chase’s New Rules!
While there’s no official word from Chase about the new policy, I’ll share what I know and what I learned from a Chase representative.
Million Mile Secrets reader, TB, commented:
There are some hotel and airline chains in which you can transfer points/miles to points/miles and vice versa for 1:1 or 1:2 or better ratio.
What site can I go to to know what hotel or airline accepts transferred points/miles from other hotels or airlines?
Great question! You can NOT transfer airline miles from 1 airline to another. And you can NOT transfer hotel points between hotel programs. But it is possible to transfer hotel points to airline miles.
Let’s 1st look at transferring hotel points to airline miles. And later we can take a look at transferring airline miles to hotel points.
You Can Transfer Hotel Points to Airline Miles. But Should You?
I’ll explain how to do it. And if it’s ever a good idea to make the transfer!
1. $20 Back on $300 in AMEX Gift Cards at Staples
Via Frequent Miler, when you purchase $300 or more worth of AMEX gift cards at Staples you can get a $20 Staples gift card. The deal ends June 13, 2015.
You Can Save $20 on $300 or More in American Express Gift Cards
Remember to pay with a card that earns 5% cash back (or 5X points) at office supply stores:
- AMEX SimplyCash – 5% cash back at US office supply stores
- Chase Ink Bold (no longer available) – 5X Chase Ultimate Rewards points (5% back) at office supply stores
- Chase Ink Cash – 5X Chase Ultimate Rewards points (5% back) at office supply stores
- Chase Ink Plus – 5X Chase Ultimate Rewards points (5% back) at office supply stores
If you buy 2 $200 AMEX gift cards, you’ll pay ~$414 ($400 in gift cards + ~$14 in activation fees). Plus, you’ll get a $20 Staples gift card and ~$21 in cash back when you pay with a card like the AMEX SimplyCash which earns 5% back at US office supply stores (~$414 in gift cards X 5% cash back).
So you could potentially come out ahead ~$27 (~$41 back – $14 in activation fees).
But that’s only if you have a use for the $20 Staples gift card. Staples sells everyday household items like paper towels, cleaning supplies, and printer paper. And some folks like to sell their Staples gift card online.
AMEX gift cards do NOT have a PIN number, so you can’t use them to load your AMEX Bluebird, Serve, or Target Prepaid REDcard.
You can use AMEX gift cards like a credit card at most places. Costco only accepts AMEX cards (until April 1, 2016) so you could use your gift card there or exchange it for cash with someone who has a Costco membership.
2. $25 Off $100 at Expedia
One of the best tricks miles and points enthusiasts use is concentrating their efforts on collecting transferable points to use on award tickets, hotel stays, and more!
Instead of focusing on earning points in a specific frequent flyer or hotel guest program, folks who collect transferable points have many more options for how they use them!
That’s because you can choose to transfer your points to dozens of different programs.
The World Awaits: Transferable Points Give You Many More Options for Big Travel With Small Money
Let’s look at why transferable points are a great deal along with some of the best ways to use them!
Update: The Citi Hilton HHonors Reserve credit card offer in this post is no longer available, but check Hot Deals for the latest offers!
Million Mile Secrets reader Brian commented:
I’m totally new to miles. My wife and I would like to go to Hawaii. I have enough American Airlines miles to get us there, but need help with hotels.
Where should I start? What’s a good chain or card to collect miles on for Hawaii?
Planning a trip to Hawaii is very exciting, Brian! Congratulations on earning the American Airlines miles to get there!
Brian and His Wife Have Enough Airline Miles to Fly to Hawaii – but Where Should They Stay?
Let’s see what strategies Brian can use to get Big Hotels with Small Money in Hawaii!