Obviously you have stated in the past you don't spend much on the cards and value churning. For person I replied to, he/she would see more benefits keeping the card.
If you spend $100k on amex a year it would net at least 200k FF pts
Spend the same amount on the highest QF earning card and thats 100k qantas pts
Spend the same on the highest earning KF (st george) and thats 84k krisflyer miles
so you would be at least 100k FF pts ahead by keeping the card and also be able to participate in the promotions.
18 months for 100k-120k sign-up is not the best route in his situation.
i believe he has access to his wife/gf/partners supplementary card,
Also for example look at a recent way to manufacture points on a sharetrader (since closed).\
I assumed this might get messy as if you were depositng and then withdrawing it would be classified as money laundering or ther ewould be some T/Cs that said you couldnt withdraw , like those gamlbing accounts, but it seemed to be working for people, so ill give it a try next time
Some, including me, would also think 1 MR > 1QFF point putting you even further in front. I personally would value a KF point at double or more of a QFF point.
I value my points all the roughly the same , some easier to use then others but Amex points are doubly easier to earn than any other program due to 2 ppd and 3ppd
Yes this is just one of the foregone benefits.
Points wise you can also add:
- Regular 5K pp Sup bonuses ( I remove and add back on others). Normally I earn a number of those each year
- Regular tops ups gained any time there are mistakes. Gain 1k to 20K out of these every year
- Point promos- sadly these are only a fraction of what they once were as Amex mainly does cashback promos these days But still gain 10-30K per year
- some can gain retention points (sadly I have not for a while now but I suspect having a points balance bouncing around a million points in my Amex account does not help).
thats a good idea, i didnt think of that, ive maxed my supps out, I got them all in a rush because I missed out on a cool statement credit when I didnt have any supps
p.s whats this regular top ups gained when mistakes? is it calling up and asking for a problem to be fixed and requesting compensation?
I had a big problem about 6 months ago, and I demanded 30k points, and they were more than happy to give it to me
Of course point earn differs per card. However I think you are missing the point that if you are going to pump $$$ through a card to maximise one's points earn that you do it on the card that will maximise that in terms of the program you want. So if you are going to put $100K through a card why would one do it on a low earning card? It would be foolish to pump through $100K earning at 0.5 points per $ when you could be earning somewhere between 2 and 3.
So one goes out of ones way to have the highest earning AMEX cards, and indeed not just any AMEX card. Just as one would not just use any VISA/MC card.
For many people this statement is simply incorrect and would lead to lower total points gained. (Not to mention the loss of other benefits).
The logic of your statement is flawed. There is nothing to stop many people churning a multitude of cards while retaining other cards. I certainly do this, and based on the posts of many on this forum many, many others do too.
Not having the right Amex Cards also loses points that are there to be had. Having an Amex Explorer/Edge combo does allow a multitude of ways to garner 2/3 MR point earn opportunities including various manufactured spend opportunities that come and go.
Well in your case that may be true. For many of us it is not true as we earn more points by keeping certain cards while still churning CCs that stack up. Plus there are benefits to be had besides points.
Also not all points are the same value. A bit like not all $ are of equal value.
For myself I would value Krisflyer points at say twice that of a QFF point. Lower fuel fines, better value rewards by and large and better availability. Plus I prefer the product and service.
So in my case I would take 500K of Krisflyer points over 1 million QFF points. Not that I do not collect cheap QFF and VA points (and indeed CCs linked to these programs are normally the ones that are for me the ones that I churn the most) but I value them less than the ability to earn MR points (which can also be used on a number of programs besides Krisflyer). But again I collect them all.
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this is why I like reading other peoples opinion and hoping to learn more ways to maximise my situation,
I too have thought about cancelling my amex cards, unfortunately, I dont have a partner or family member who has amex cards so I cant use their supp cards, at 2/3ppd If I cancel any of my amexs, I am boned
I consider Plat edge as 2ppd, as even though I get 3ppd, paying the surhcarge for prepaid gift cards reduces my net benefit
as for earning 1million points, I personally can only see a few cards with lower annual fees to jusity the bonus,
so thats maybe 300k max that I could earn
referalls are good too if you are well connected
Sample AFF with no advertisements? More..
