Amex gold for dining & groceries $250 AF Venture X for travel $350 AF Citi Costco card for gas (4%) $0 AF Looking to add chase/amazon CC for that 5% cashback since I shop a lot on Amazon. Great video 🎉
I think the major flaw with your setup is the belief that the annual fees will stay the same for the long term, the Amex Platinum used to be $550, the CSR used to be $450, the Business gold used to be $295, the Amex Hilton cards increased their annual fees too, I think one should consider the really possibility of the Gold's annual fee increasing, heck it used to be $195, I think this is a very clear sign that Amex and to a lesser extent Chase is recouping costs to operate these high value benefits programs on, ironically enough, the expensive cards, as time moves on, contracts will be negotiated and Amex will inevitably change the value proposition. I don't know this for sure but I think it is more common for cards with AF's to increase their annual fee, rather than cards with no annual fee to suddenly gain an annual fee
I would agree that you're right with the annual fee cards. I think the marketing proposition on these cards is that the companies know that if a person is willing to pay for an AF, they're less likely to cancel if it goes up than a person who sees a $0 AF card jump to an annual fee. It seems that if they up the AF they often up the benefits in some way too. I'd think this would pay off if you're spending to support a family.
I love it man, I thought about getting into chase but I am an Amex fanboy. My lifelong setup is the Capital One VX, Amex Gold, Amex Platinum, and Marriot Boundless. A lot of fees but these cards pay for themselves with credits (minus the Platinum but I love the lounges)
I have five cards already, but I’m missing the VX (hopefully I get approved) maybe one chase travel card and I want a navy credit so I can build a relationship and get a loan later in life.
My core setup is similar: Ink Cash Freedom Flex Sapphire Preferred AmEX Gold AmEx Marriott business Will probably add the Cap1 VX for my catch all card.
Venture X and Platinum card both have status upgrades. I’d go with the Platinum long term. VX loses their Hertz partnership benefits at the end of 2024 and Amex gets you benefits with 2-3 different companies!
Venture X has primary CDW coverage, while Amex Platinum is secondary CDW coverage. However, Amex does offer a program where you can pay something like around $15-25 *once* per rental period for primary coverage. Never forget about liability coverage. Another area to be careful with is the rental company charging you for "loss of use" while the car is being repaired, but that is another topic.
Amex gold for dining & groceries $250 AF
Venture X for travel $350 AF
Citi Costco card for gas (4%) $0 AF
Looking to add chase/amazon CC for that 5% cashback since I shop a lot on Amazon.
Great video 🎉
Really solid lineup. I’m sure you’re more than making back your annual fees plus great benefits on the backend
I think the major flaw with your setup is the belief that the annual fees will stay the same for the long term, the Amex Platinum used to be $550, the CSR used to be $450, the Business gold used to be $295, the Amex Hilton cards increased their annual fees too, I think one should consider the really possibility of the Gold's annual fee increasing, heck it used to be $195,
I think this is a very clear sign that Amex and to a lesser extent Chase is recouping costs to operate these high value benefits programs on, ironically enough, the expensive cards, as time moves on, contracts will be negotiated and Amex will inevitably change the value proposition.
I don't know this for sure but I think it is more common for cards with AF's to increase their annual fee, rather than cards with no annual fee to suddenly gain an annual fee
I would agree that you're right with the annual fee cards.
I think the marketing proposition on these cards is that the companies know that if a person is willing to pay for an AF, they're less likely to cancel if it goes up than a person who sees a $0 AF card jump to an annual fee.
It seems that if they up the AF they often up the benefits in some way too. I'd think this would pay off if you're spending to support a family.
Forgot to factor in retention offers, ppl just don’t use em
I love it man, I thought about getting into chase but I am an Amex fanboy. My lifelong setup is the Capital One VX, Amex Gold, Amex Platinum, and Marriot Boundless. A lot of fees but these cards pay for themselves with credits (minus the Platinum but I love the lounges)
Hey, I got to respect it. AMEX has its merits for sure and it sounds like it’s gonna work for your situation a little better than mine 👍🏼
I have five cards already, but I’m missing the VX (hopefully I get approved) maybe one chase travel card and I want a navy credit so I can build a relationship and get a loan later in life.
@@drespinoza190 oh yeah I forgot about my navy fed card, it’s a great bank
My core setup is similar:
Ink Cash
Freedom Flex
Sapphire Preferred
AmEX Gold
AmEx Marriott business
Will probably add the Cap1 VX for my catch all card.
Really like this setup. Nice business card mix too
800 in annual fees for lifetime cards?
Kind of like spending money to make (more) money
Well organized video!
Thanks for watching!
What about car rental benefits, what's the best card for that?
Venture X and Platinum card both have status upgrades.
I’d go with the Platinum long term. VX loses their Hertz partnership benefits at the end of 2024 and Amex gets you benefits with 2-3 different companies!
@@TheRDGuarantee does AMEX Gold then Platinum work... or go right to Platinum?
I just got Venture (upgrade without applying), not VX.
Venture X has primary CDW coverage, while Amex Platinum is secondary CDW coverage. However, Amex does offer a program where you can pay something like around $15-25 *once* per rental period for primary coverage.
Never forget about liability coverage. Another area to be careful with is the rental company charging you for "loss of use" while the car is being repaired, but that is another topic.
Wyndham Business Earner my go to 8x points on gas
Incredible!
Yep