The Points Guy’s Post

Just wrote my first in-depth article about my experience with the American Express Platinum and how it works for my financial situation. Think it could be helpful to anyone interested in getting the card, or learning more about the credit card industry. Take a look and let me know any comments, thoughts, suggestions (as well as any future article topics related to personal finance that you would like me to potentially cover!).

How to transfer credit card rewards to partner programs

New to credit cards? Don't make the same mistakes I did! 😳 Here are 5 things I wish I knew before applying for rewards credit cards: ❗️ Annual fees aren't always a bad thing - they can come with valuable benefits! ❗️ Rewards programs have different values - not all points are created equal ❗️ Each credit card issuer has its own rules for new applicants - like Chase's 5/24 rule ❗️ Credit cards offer more than just rewards - think travel insurance, airport lounge access, and concierge services ❗️ Many credit card benefits overlap - so choose wisely to avoid redundant benefits So what are your biggest credit card conundrums? Drop a comment below! 👇 #justplanepoints #creditcards #rewardstravel #creditcardtips #financialeducation

CREDIT CARD FAILURE STORY - EP #2 I believe we should share not only wins/success stories BUT some loss/failures too in order to be FAIR. #ccgeek Earlier I had written about missing my SBI cashback payment [Only missed payment in my credit history] Today’s post is about Amex Plat Travel Renewal 💳 🗓️Jan 2024 - During Amex Plat travel renewal, I asked Amex people to do the “needful” and they graciously gave me 3 offers. I selected conditional fee waiver option on spending 1,50,000 in next 3 months 😊 🗓️April 2024 - Messed up about dates in my mind and thought last date is May 2024. Checked my previous mail and got surprised🤯 🗓️May 2024 - Called them to see if anything can be done! Support said they can’t do anything now BUT specific team might call to do whatever best they can do. Received call from team extending the offer for 1 more month😍 [I was very kind of Amex] 🗓️June 2024 - & Surprise… Surprise… I messed up again. This time it was because of semester end and university responsibilities. Turns out I missed the mark by 20K-30K. Amex people were so nice that I was embarrassed to ask them for anything related to this, again 🫢 So, in summary, I lost ₹5,900 which could have been waived off! BUT yeah this is life… you win some, you lose some🍀 As long as winning rate and margin is high, I am not complaining 🙃

HSBC has relaunched their most premium credit card as a metal card - HSBC Premier Credit Card 🤘 🤘 There are changes across card rewards structure & lifestyle benefits. This card was issued only to the Premier account holders but now everyone can apply. So, let’s dive into the new changes: 👉 Joining Fee: Rs. 12k | Renewal Fee: Rs. 20k (Renewal fee waived for qualified Premier account holders) 👉 Welcome Benefit: Taj Vouchers worth Rs. 12k + Annual Taj Epicure Membership worth 25K + EazyDiner Prime Membership worth Rs. 2395 👉 Rewards Structure: 3 RP per Rs. 100 (1 RP = Rs. 1) 1:1 is only applicable on Apple and Star Alliance 👉 Forex Markup: 0.99% 👉 Airport Lounges: Unlimited lounges both domestic & overseas + 8 guest visits 👉 EazyDiner: 30% off up to Rs. 1250 twice a month (minimum bill of Rs. 2.5k) 👉 BookMyShow: B1G1 on movies and events up to Rs. 750 All days of the week, 2x a month Other very exciting offers across consumer durables , Flights, Hotels etc. Croma, MMT & Paytm Flights to name a few. My Take: 🚀 Joining benefit - Rs. 12k worth of vouchers + EazyDiner Prime membership not only recovers the fee but is worth a lot more. 🚀 Forex Markup: If you have a lot of forex spends & also want a premium card then you will enjoy this card because 0.99% is one of lowest forex markup in the category of super premium credit cards. 🚀 Rewards Structure - The base reward rate of 3% is good but HSBC in the future should also introduce partnership with platforms like Gyftr to offer accelerated reward points given that reward points can’t be redeemed for statement credit or brand vouchers other than Apple. Through the Rewards Programme catalogue, the card does provide redemption option of vouchers across brands like Amazon, Flipkart, Myntra, Nykaa and Tanishq, to name a few. 🚀 Dining Benefit: HSBC Premier Credit Card now has the most rewarding dining benefits. You can save Rs. 2.5k every month on your dining bills.BookMyShow: The offer is great because the Rs. 750 cap gives you the freedom of booking even the premium movie shows. 🚀 Extra Benefit: No exclusions on rent, utility bills, Govt. Payments for reward points. 🚀 Fee Reversal: Customers who meet Premier balances, will get an annual fee waiver except First Year fee, which has to be paid by everyone. Now because there is no fee waiver for non-Premier customers then you should ideally get this card if you meet the eligibility for having an HSBC Premier relationship with the bank. If you are someone who enjoys dining/movies frequently, has decent forex spends along with rent, utility bills, & govt. payments then you can consider this as your new card. Apply now: https://grp.hsbc/pr_AD

The MacQuarie Bank Credit card graveyard buries another body. Mac Bank have now decided to kill all Qantas linked cards. There had been some rats and mice around until recently, but now thats officially finished. Flight Hacks reports "Macquarie previously got rid of Qantas as a loyalty partner back in 2016 but then changed its mind in 2019, only to backflip again in 2023. Macquarie Group has had an again - off again relationship with credit cards to say the least. They stopped taking applications during COVID citing "market uncertainty" and that still remains unless you are a specific kind of customer. Mac Bank also issued a Hilton Honours card but that only lasted a short time and was axed in 2019 Other products in the Mac Bank graveyard include (white label) 🪦MYER card 🪦Woolworths card 🪦Jetstar Airways card MacQuarie's website states that you can apply for a new card BUT: ✅And you meet 1 of the below criteria: ✅are packaging a credit card with a new or existing home loan  ✅are a Private Bank or Business Bank client The Aussie credit card market is under pressure (If you are a Visa or Mastercard issuer) Revolving balances continue to drop, and transaction volume growth is being outdone by debit. Interchange is capped as we all know. In response, Issuers are moving to monthly fees, clipping rewards and benefits and increasing interest rates. Of course, this has happened because all of Macquarie's Ultra hight net worth customers cut up their cards and moved to Buy Now - Pay Later....No, they moved to American Express Article is in the link. 👇👇👇👇#payments #creditcards

Here is a 150-word summary of the given text, written in a professional tone and with the content structured: As a Credit Specialist, I would like to share my insights on several American Express credit card options that I find beneficial. Firstly, the American Express Blue Cash and Business Plus cards are revolving cards that offer a 12-month interest-free period on purchases, making them attractive choices. The Blue Cash card provides a $250 statement credit after $3,000 in spending, while the Business Plus card offers 15,000 points for $3,000 in spending. Another card I recommend is the Marriott Bonvoy card, which awards 150,000 points for $6,000 in spending over six months. The Hilton Honors card also provides 75,000 points for $6,000 in spending over the same period. The key benefit of American Express cards is that they often conduct soft credit checks, allowing you to have multiple cards without significantly impacting your credit score. Additionally, I suggest considering the American Express Plum card, which offers a 60-day interest-free period, as well as the Gold Delta SkyMiles card, which is relatively easy to obtain. #CreditManagement #AmericanExpressCards #PersonalFinance YouTube Source: https://lnkd.in/gE2gEhUT YouTube Channel: https://lnkd.in/g2p2ARHx Related Content: https://lnkd.in/gQb33z5a

Here's a summary of the key points in a professional tone: As a Credit Specialist, I would recommend considering five American Express cards that offer beneficial features. The American Express Blue Cash and Business Plus cards are revolving cards that provide a 0% interest period for 12 months, making them appealing options. The Marriott Bonvoy and Hilton Honors cards offer generous sign-up bonuses of 150,000 and 75,000 points, respectively, for reaching reasonable spending thresholds. One important factor to consider with American Express cards is that they typically do not perform hard pulls on your credit, allowing you to have multiple cards without extensive credit inquiries. Additionally, I advise caution when using American Express charge cards, as any usage, regardless of the amount, can appear as a maxed-out account on your credit report. For business owners, the American Express Plum card offers a unique 60-day interest-free period, making it a valuable alternative to the Platinum or Gold cards. Lastly, the Gold Delta SkyMiles card is relatively easy to obtain, even for individuals with credit scores around 640-660. #CreditCards #AmericanExpress #PersonalFinance YouTube Source: https://lnkd.in/gE2gEhUT YouTube Channel: https://lnkd.in/g2p2ARHx Related Content: https://lnkd.in/gcvXguQX

Let's imagine that there was a financial crisis in the world. All airlines and Banks are shut down except Vistara - TATA SIA Airlines Ltd. & Axis Bank . There is a Chaos in the world & Axis Bank representative comes to you saying that take this Axis Bank Vistara Platinum Credit Card & you shall get the benefits of Complementary Air Ticket every on Purchase & after spending 1.25 Lakh you shall get this benefit next year as well. *Trust* *Me* *this* *is* a* *big* *lie*. Both of them are liars. DON'T LISTEN TO THEM. At first they will issue you a voucher but you won't be able to use that service because esteemed Vistara - TATA SIA Airlines Ltd. will say that they don't have redemption seats available for the duration for which a voucher is issued.When you ask them, how many seats are reserved as REDEMPTION SEATS, they will not tell you that. All they will tell you that redemption seats are very limited & they can't tell you the exact numbers. I have email threads available, if any of you are interested in reading that email, I can share the screenshot here. Second, Now since you have already been deceived by Vistara - TATA SIA Airlines Ltd. ,you try to be careful. So, you decide to ask the Axis Bank if you have met the criteria to get another complementary voucher, they will tell you that yes you have. Don't worry, you shall get your vouchers in the next ten days after the billing cycle. Here Comes, another twist. After you wait for 10 days after the billing cycle & you don't see the Vouchers in your vistara account. So, you decide to approach the Axis Bank, they will tell you in sugar coated language that you have missed your benefits by 200 rupees. Better luck next time. Now after being deceived twice by the axis-Vistara nexus. I want to take this into court. If any of you have ever fought cases in the Consumer Court, please share your Return of Experiences. Update : I have received the voucher now 😀 .