How I’m Applying What I Learned From Business School to My Credit Card Rewards Strategy

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How I’m Applying What I Learned From Business School to My Credit Card Rewards Strategy

EmilyHow I’m Applying What I Learned From Business School to My Credit Card Rewards StrategyMillion Mile Secrets Team

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I’ve been able to take awesome trips for a fraction of the price thanks to credit card rewards points!  In Business School I learned it’s important to diversify your financial investments.  And t’s also important to diversify your miles and points.  I like having different points in different programs because sometimes it’s cheaper to use American Airlines miles versus United miles, and vice versa.

Having more points means that you can be more flexible with where you stay because you aren’t locked into any one program.  I’m sharing some of the top credit cards that you might consider to help diversify your credit card rewards portfolio.

I’m Using What I Learned in Business School ~12 Years Ago for My Credit Card Rewards Strategy Today

The information for the Hilton Honors Aspire Card from American Express has been collected independently by Million Mile Secrets.  The card details on this page have not been reviewed or provided by the card issuer.

How to Diversify Your Credit Card Rewards Strategy

Apply for Business and Personal Credit Cards

Business credit card offers are sometimes better than personal credit card offers.  If you have a small business, you can rake in LOTS more points by applying for business credit cards in addition to personal credit cards.  My mom recently got approved for the CitiBusiness® / AAdvantage® Platinum Select® World Mastercard®.  She runs a small business out of her home. 

I have the Ink Business Preferred℠ Credit Card and am considering getting another one for this year.  Team member Keith just got his 2nd Ink Business Preferred℠ Credit Card, so it’s worth a try!  

My Mom’s Starting to Apply for Credit Cards So We Can Visit More Often

Have a Trusted Family Member or Friend Get Credit Cards

I often book flights for my mom with my miles, so now I’m helping her get approved for her own credit cards and teaching her how to earn lots of credit card rewards points.  She came to visit me in Texas for the holidays, and I showed her how to use the Chase Ultimate Rewards shopping portal to earn even more Chase points!

Get Credit Cards That Don’t Count Towards Chase’s 5/24 Rule

Chase will NOT approve you for most of their cards if you’ve opened 5 or more credit cards from ANY bank within the past 24 months.  (Important exception: Business credit cards from American Express, Bank of America, Chase, Citi, and Wells Fargo do NOT count towards your 5 credit card total.)

That’s why my strategy has been to apply for business credit cards which do NOT appear on my personal credit report.  When a card doesn’t show up on your credit report, Chase won’t see it either!  This means it will NOT count toward your 5 card limit.

If you apply for Chase or AMEX small business cards, you can still apply for 5 Chase personal cards!

Consider Points Programs You Haven’t Had in the Past

Lots of miles & points enthusiasts would agree that Chase has some of the best credit card offers.  But there are other credit cards that offer tons of benefits that you may be missing out on.  I plan on applying for the Hilton Honors Aspire Card from American Express to increase my Hilton points for hotel stays.  The Platinum Card® from American Express is another great credit card because of the welcome bonus and many perks that come along with this credit card. 

I Used Hilton Points to Stay in the Maldives, and I’m Dying to Go Back!

To recap, here are some of the top credit cards that you might consider to help diversify your credit card rewards portfolio.

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Ink Business Preferred℠ Credit Card

Ink Business Preferred℠ Credit Card

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases–with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don't expire as long as your account is open
  • No foreign transaction fees
  • Employee cards at no additional cost
  • $95 Annual Fee

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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Hi Emily,

I have a huge balance of UR points, my current total is 6.5 million. Any thoughts on the best way to utilize them?


It really depends on your travel goals. You can use them to visit friends & family or to take a dream vacation to Bora Bora or the Maldives. We post a lot of inspirational/how-to posts on the blog so have a look around. 🙂

An overwater villa is definitely on my list I’m just not sure how the best way to book it is. Shoukd I use UR points or MR points. In addition to 6.5 million UR points, I also have 1 million Marriott points.

WOW! Please share how you acquired that many points! How long did that take?

Mostly from business spending. We spend $150,000 a month in the hotel category that earns 3x.

Didn’t the site start helping people who have certain types of points figure out the best way to utilize them for where they are going? I thought I remembered reading that last year but I can’t find it anywhere. It also seems the blog on the front page is gone so I apologize for using this post. I have over a year for a Germany trip and am wanting to make sure I prepare properly with the best point strategy.


Yes, we still post how you can best use your points depending on where you want to go. For example, check out this post on Delta miles:

And we have this one on Chase points/ United miles.

Hi Emily,

I think what Brent is referring to is a blog post about case studies. I remember it as well, but can’t recall what month/year it was published.

Like somebody had 200,000 UR points and was given free advice on how best to utilize them for airfare and accommodation for a particular trip…

It was also suggested in the post that MMS would be open to analyzing other cases.

That’s exactly what I was referring to Nadia. Thank you. Is the site still doing that or was it too much and you discontinued? Thanks for all the help over the years btw.

Hi Brent and Nadia – You’re remembering correctly – we did run a few posts along those lines. We haven’t done any in a while but who knows, if there’s enough interest they might come back. 🙂