How is your 2017 miles and points progress? For my family, frequent flyer miles and points are the means to an end--they're what enable us to fly internationally and for me, be productive for work and for my family, not be overly jet-lagged at the destination or when returning home.
Because of the nature of my business, which specializes in luxury travel, we don't value hotel points apart from Starwood Preferred Guest Starpoints, as those transfer to a number of frequent flyer programs and can be profitably used towards first class and business class awards. The best luxury hotels and resorts, such as Cheval Blanc, Aman Resorts, Four Seasons, The Peninsula, Mandarin Oriental, and luxury boutique properties, cannot be booked with miles and points, so I give my clients the same advice I practice--focus on earning transferable miles and points, such as Chase Ultimate Rewards points, AMEX Membership Rewards points, Citi ThankYou points and Starwood Starpoints, as well as some individual frequent flyer miles such as American AAdvantage, Alaska Mileage Plan and the like.
Those miles and points can, with proper planning, be turned into award tickets on many of the best commercial airline products currently available, such as Etihad First Apartment on the A380, JAL First Class, Singapore Suites, Singapore First Class, Cathay Pacific First Class, Emirates A380 First Class, etc.
Getting back to the topic of this post, here's our rough breakdown of the miles and points we've earned so far in 2017, about 10 weeks into the year, by category:
- 66%: Credit Card Signup Bonuses and Spend Required to Obtain
- 13%: Spend and Category Bonuses
And here's a breakdown by the type of miles and points earned:
- 33%: Chase Ultimate Rewards points
- 26%: AMEX Membership Rewards points
Credit Card Signup Bonuses
To date, my husband has signed up for 2 new credit cards, and I've signed up for 3 new cards. We both took advantage (no pun intended) of the Citi AAdvantage Platinum Select without the 24 month language, while it was available, and I also applied for and was recently approved for the CitiBusiness AAdvantage card without the 24 month language
. Even after the 2016 AAdvantage Award Chart Devaluation we value AAdvantage miles for travel to Asia, particularly JAL First Class (which I prefer to Cathay Pacific First Class, for the comfort of its bed) and JAL Business Class.
My husband was able to get approved for the Ink Plus card before it was discontinued, which I was happy about, since I definitely prefer the 5X categories of the Ink Plus to the Ink Business Preferred's 3X.
I was also happy that I got the AMEX Blue for Business card with 10X for U.S. restaurants
up to $2000 spend in the first 6 months, and 2X for all spend on the first $50,000 spend in the first year. I'm using this card a great deal thanks to those intro offers (unfortunately no longer available). Since I have an AMEX Business Platinum, I'm able to transfer out these bonus Membership Rewards points to airline partners.
- 65K Ultimate Rewards via Ink Plus and $5000 minimum spend
- 126K AAdvantage miles via two 50K Citi AAdvantage Platinum Select cards, which we matched to 60K offers
- 10K AMEX Membership Rewards points via AMEX Blue for Business card
Spend and Category Bonuses
A good deal of our regular spend is at 5X or even more, due to 5X on all Amazon spend
, 5X on all Whole Foods spend, 5X on NYC MTA subway/bus card spend and taxi spend this quarter with our Chase Freedom, 10X on restaurants with my recently acquired AMEX Blue for Business, and some gift cards we acquired at 5X with the Chase Freedom's 2016 Q4 5X drugstore bonus. For other travel spend, we earn 3X with our Chase Sapphire Reserve, and for otherwise non-bonused spend, I earn 2X Membership Rewards points with my AMEX Blue for Business card.
So far this year we've earned around:
- 25,000 Ultimate Rewards points, most of it at 5X from my work spend, Whole Foods, Amazon, commuting, and travel spend
- 15,000 AMEX Membership Rewards points from 10X on dining and 2X on otherwise unbonused spend.
Thanks to readers, I earned 55,000 AMEX Membership Rewards points for referrals to the AMEX Business Platinum card, and earned 10,000 Ultimate Rewards points from Chase Refer a Friend bonuses for my Chase Freedom.
The Bottom Line
While we are quite moderate when it comes to our new credit card applications, we have enough miles and points that I'm happy with our progress so far this year, particularly as we are still in the early stages of planning our 2018 travel and some of it will be closer to home than is typical for us. While it was disappointing to not be able to apply for more Chase cards even with Chase Private Client status (since Chase is now strictly enforcing 5/24 even with Chase Private Clients) I feel fortunate that it did get us my husband's 100K Chase Sapphire Reserve and 60K Ink Plus, even without any pre-approvals for him.