Ongoing Simon Mall discount and newish Walmart money order protocol

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Just a couple quick notes today as we head into the holidays.

Two more days of discounted Simon Malls Visa gift cards

Through December 24, 2017, (some?) Simon Malls are selling their PIN-enabled Visa gift cards with a $2.95 activation fee instead of the usual $3.95. On an order of 19 cards, that's a savings of $19, which may or may not make them worth stocking up on, depending on your own liquidation bandwidth and tolerance for holding onto a lot of undrained cards. I had planned to get in one more order this week but ended up getting caught up in other projects so I was only able to take advantage of the promotion once.

New Walmart money order protocol

Two of my local Walmart stores have slowly and haltingly introduced a new protocol for selling money orders. It appears that Walmart customer service and money center terminals have two options for ringing up money orders.

What I'll call the "old" system involves ringing up the money orders individually, paying for them, then printing them one by one and inputting the last four digits of the money order's serial number as it comes out of the printer.

The "new" system involves ringing up the money orders through a different section of the point of sale terminal. After paying for them, the money orders print out together and the serial numbers don't need to be inputted. One additional receipt prints out with the money orders' serial numbers, along with a slip for the customer's signature. Money orders printed with the new system have "gift certificate" printed on their face, but are identical in every other respect.

I don't know why they've introduced the new system, but it doesn't appear to be anything to worry about for now.

Which earning opportunities interfere with each other?

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Today's post is more of a reference for myself because I am terrible at keeping track of all the different rewards programs out there, and which ones interfere with which, so I thought it would be helpful to write all the ones I could think of down in one place. I'm sure I missed some, so please correct me in the comments.

Credit card and bank offers

Several banks now offer rewards for spending money at particular merchants:

  • American Express Offers For You;
  • Bank of America BankAmeriDeals;
  • Chase Offers (currently only available to Marriott Rewards Premier and Slate cardholders).

The key attribute of these offers is that they're triggered by spending money with the card at a particular merchant (or sometimes through a mobile payment service). That means they can't be combined with each other, since you can only spend the same money with one card at a time (although split payments may allow you to trigger similar offers on multiple cards).

Drop

Drop does not appear to interfere with any other purchase-tracking rewards program, so you can trigger Drop rewards in addition to any other rewards your purchase earns. If you haven't yet joined, you can search for the app "Drop - Free Cash Rewards" app in your mobile app store of choice, and feel free to use my referral code x01i7 (or not).

Uber Visa Local Offers

Like Drop, Uber Visa Local Offers appears to run on a completely separate rewards platform, so you can earn Uber credit alongside any other rewards triggered by your purchases.

Ebates in-store cashback, Alaska Mileage Plan in-store miles, and HawaiianMiles Marketplace

Both Ebates and Alaska Mileage Plan's in-store earning programs are operated by Cartera, so typically the same offer linked to the same card should only track in one of the two programs. How well that's tracked and enforced isn't entirely clear to me, so if you have the time and inclination I suspect a fertile area of investigation would be experimenting with adding, removing, linking, and unlinking particular offers from particular cards. 

If that sounds like too much work, under most circumstances I suspect you're better off linking Ebates offers than Alaska offers, unless you're earning miles towards a particularly lucrative Alaska redemption or Alaska is running a promotion awarding extra miles for partner transactions.

Oddly, a third problem several readers have reported to me is using the same e-mail address for the Hawaiian Airlines HawaiianMiles Marketplace and Ebates (the same problem might appear with Alaska as well). Blog subscribers know about a very cool deal that used to exist through the HawaiianMiles Marketplace, but these days the only participating merchants on the mainland (at least in my neck of the woods) are Gap, Athleta, Banana Republic, and Old Navy. I don't shop at those merchants so I don't know if HawaiianMiles interferes with purchases there tracking through Ebates and Alaska. If not, that could be a potentially interesting double dip for folks who do a lot of clothes shopping.

Dining rewards programs

As far as I know, all dining rewards programs are operated by Rewards Network, and you can only enroll a credit card in one dining rewards program at a time. Here's a quick reference list of dining rewards programs:

Note that you can be enrolled in all of these programs simultaneously! However, a single restaurant purchase with a single credit card will only earn miles in one program at a time.

Thanks Again

Thanks Again does not appear to me to be a very good program, but for folks who spend a lot of time and money in airports, I feel compelled to at least mention it. Earning points through Thanks Again for airport purchases shouldn't interfere with any other programs in this post (although I can't imagine ever earning enough points through the program to be redeemed for anything).

Online shopping portals

Like the dining rewards programs, online shopping portals will interfere with each other, but not with any other rewards you're trying to trigger. So, for example, if you want to make a Name Your Own Price reservation through Priceline, you shouldn't have any trouble combining the current Drop offer of 10 points per dollar spent (1% cashback) and 5% cashback through a shopping portal like TopCashBack.

Likewise you should be able to earn 30 Drop points per dollar spent at HP (3% cashback), points or cashback through a shopping portal (TopCashBack is currently paying 8%), 5% OPEN savings through an American Express small business credit card, and potentially an additional targeted American Express Offer For You.

You can find my referral links to the shopping portals I use on my Support the Site! page.

Brick-and-mortar promotions

I am typically totally oblivious to these things, but it's also possible to combine credit card offers, in-store rewards programs, and brick-and-mortar promotions.

I recently visited Bed Bath & Beyond, not to buy gift cards, which is the only reason I would normally set foot in there, but to buy some bed linens. That let me combine my in-store Ebates cashback with one of the 20% off coupons they seem to mail me every 3-4 days.

Similarly, the other day I stopped into a few local restaurants where I had American Express Offers For You for $25 and $50 off $75 in in-store purchases. It happened that both restaurants were also running holiday gift card deals for $20 and $25 in free gift cards when you bought $100 in gift cards. Since I had the offers on both cards, I picked up a total of $345 in gift cards and paid just $150 after the Offers For You statement credits posted. If the restaurants had also participated in dining rewards programs, I could have received an additional batch of miles for the in-store purchases.

Conclusion

As I mentioned at the beginning, this post is mainly meant to get all my thoughts on these programs in one place so I can refer to it in the future. If there are any other programs, or conflicts, that I'm missing, let me and other readers know in the comments and I'll try to keep this post updated.

Table stakes for a decent Marriott credit card reboot

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I've been traveling all week, but followed with interest the announcement that Marriott will be rebooting their credit card lineup, with "mass consumer," "premium," and "super premium" credit cards offered by Chase and American Express. Having no interest in speculating about what the cards will actually look like, but wanting to say something about it, here's my take on what to look for in the credit card reboot.

The problem with Marriott credit cards

I haven't carried a Marriott credit card for years, because despite Marriott's broad global footprint, the cards stink:

  • The earning rate of 1 Marriott Rewards point per dollar translates into an imputed redemption value of $900 for top-tier properties, which cost 45,000 points per night. That's absurd compared to any other hotel rewards program besides IHG Rewards Club.
  • The annual free night certificates offered by the Marriott Rewards Premier credit card are limited to Category 1-5 properties. Marriott has experienced enormous category creep in the last several years, so there simply aren't any Category 5 properties available in the medium and large cities I typically visit. Even IHG Rewards Club credit cards offer free night certificates you can use at all IHG properties worldwide.
  • While not impossible, it's outlandishly expensive to manufacture mid- and top-tier status through the Marriott Rewards Premier credit card, requiring as it does $105,000 in spend (in addition to the 15 free elite qualifying nights) to earn mid-tier Gold status.

I'm not in the prediction business, so I don't expect Chase and Marriott to implement my suggestions, but here's the absolute minimum I would look for to even begin to be interested in one of the rebooted credit cards.

An earning rate of 1.5 points per dollar

The fundamental problem with the Marriott Rewards co-branded credit cards has always been the same: their redemption rates top out at 45,000 Marriott Rewards points, which is higher than Hyatt (30,000) or Starwood (35,000), but the earning rate on their co-branded credit cards is the same (one point per dollar). Hilton properties top out at 95,000 points per night, but their credit cards earn a minimum of 3 points per dollar (and offer bonus points in easily-manufactured categories).

The problem was made even more ridiculous when Starpoints became transferrable to Marriott Rewards at a 1:3 ratio, so the same top-tier hotel award night required $15,000 in spend on a Starwood Preferred Guest American Express, but $45,000 in spend on a Marriott Rewards co-branded credit card.

Besides that, anyone can earn 1.5 Marriott Rewards point per dollar with a Chase Freedom Unlimited credit card paired with a $95 Sapphire Preferred, Ink Plus, Ink Bold, or Ink Preferred credit card. Why would they pay anything at all for a Marriott Rewards co-branded credit card that earns less than that?

If a premium or "super-premium" Marriott Rewards co-branded credit card earned 1.5 or 2 points per dollar on unbonused spend, or on easily-manufactured bonused spend, it would begin to look competitive with other cards and combinations of cards already on the market.

Anniversary free nights redeemable at any Marriott property

If a Marriott Rewards co-branded card wants to be taken seriously, it has to get rid of the category limit on anniversary free nights. A natural compromise would be to limit the free night certificate to weekend nights as the Citi Hilton Honors cards do, but in any case the category limitation of Marriott Rewards free night certificates is a pure liability for them at this point.

Gold or Platinum status after a reasonable amount of spend

Any decent co-branded credit card would have to offer at least mid-tier Marriott Rewards Gold status after spending a lot, but not too much, money on the card. Hilton offers top-tier Diamond status for spending $40,000 on its premium co-branded credit cards, and mid-tier Gold status just for carrying them. I understand that Marriott wants to preserve its most valuable elite status for its most valuable customers, but that's not our problem. If it wants people to carry its co-branded credit card, it has to make it worth our while.

Conclusion

To be clear, these aren't three separate suggestions for things Marriott could do to improve their co-branded card lineup. Marriott, Chase, and American Express would have to do all three of these things before I'd consider applying for one of their credit cards.

Who wants to pay an annual fee for a card with inferior earning, an inferior anniversary bonus, and a nominal elite status?

Actually Moviepass is good

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Like a lot of people, I signed up for Moviepass when they recently lowered the monthly price to $9.95. Like so many people, in fact, that it took a few months for my Moviepass debit card to arrive. Some theatres apparently allow electronic ticketing through Moviepass, but none do near me, so I just had to sit on my hands until their vendor got around to sending me a card.

It finally arrived, and I've now used it several times, so I thought I'd share a brief report.

How Moviepass works

The Moviepass system consists of two parts: the Moviepass debit card, and the Moviepass smartphone app. Once you've downloaded the app and activated the debit card, you can go to eligible movie theatres in person, open the app, and select the movie and showtime you're interested in. After "checking in" to the movie, money is added to the Moviepass debit card, which you can then use to pay for your ticket.

Not all movie theatres participate, and special screening types like 3D and IMAX aren't eligible. However, there are no limits on showtimes or new releases or anything like that: Moviepass works for all standard showings at all participating theatres.

Additionally, since Moviepass is just a normal debit card, you can combine it with movie loyalty programs like AMC Stubs or Marcus Theatres Magical Movie Rewards.

Drawbacks

In my experience so far, this system works perfectly, but it has some drawbacks:

  • You need to buy tickets in person, so if you want to go to a popular movie on a popular day, you may need to hit the theatre early in the day to secure your ticket.
  • You need one card per person, which I find to be a strange restriction; I don't see why they couldn't offer a "couples" subscription that let you add two tickets to the card instead of one.
  • Not all theatres are eligible. Our AMC theatres are in the app, but our Landmark Theatres locations don't appear.

Hacking Moviepass

Here are a few obvious ways you can get more value from Moviepass than they, strictly speaking, intend:

  • At movie theatres that allow advance ticketing (I assume this is 99% of movie theatres), buy a ticket on day 1 for day 2, then another ticket on day 2 for day 2. This would keep you from having to pay for two Moviepass subscriptions in order to cover yourself and your date (but would require two trips to the theatre).
  • Buy a ticket every day whether or not you plan to see a movie. At theatres that offer rewards for each ticket you buy, there's no reason you have to actually see the movie you buy a ticket for. If you're an AMC Stubs Premiere member (a paid membership tier), you earn 100 points per dollar spent, and can redeem 5,000 points for a $5 credit. That means five $10 movie tickets turn into a $5 credit.
  • Buy a gift card every day. It may be possible to load the price of a movie ticket onto your Moviepass card, then buy a gift card for that exact value.
  • Resell (or give away) movie tickets. Movie tickets can be expensive, so you could potentially save people money and turn a profit buying tickets to popular movies and showtimes and then selling or giving them away.

I'm not a priest, and I'm especially not your priest, so complaints about the ethics of doing this will be politely ignored.

Is Moviepass sustainable?

This is the kind of speculation travel hackers love engaging in, so as travel hackers, let's speculate!

What might be Moviepass's business model? As far as I can tell, there are two options:

  • The profitable option is that since most people don't see very many movies, if you had near-universal enrollment in the program the infrequent moviegoers could subsidize the frequent moviegoers, pay for Moviepass's overhead, and produce a profit for their owners.
  • The unprofitable option is that they are burning through venture capital trying to create a proof of concept that combining the demographic information (and other identifying details) of their customers with moviegoing habits will produce a database that is or will be of value to someone, somewhere, eventually. In this version the actual price of the service is irrelevant, since their subscription revenue is merely buying them time to find a customer for that database.

Realistically, the answer is probably a combination of the two: while building a database they hope to sell or license to someone, eventually, they also are trying to enroll as many people as possible in order to improve their ratio of casual to committed moviegoers. They wouldn't mind turning a profit but they aren't counting on turning a profit.

Lifecycle effects, Thanksgiving car rental edition

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I often talk about lifecycle effects when it comes to travel hacking. That's what I call the phenomenon of people believing that travel hacking has become objectively more difficult when in fact it's their own lifecycle progression that has made them subjectively experience travel hacking as more time-consuming, laborious, or downright boring than when they had more time and fewer responsibilities.

This is a totally normal and indeed ubiquitous phenomenon in all fields of human endeavor, but it's important to keep in mind when you hear a retiree explain how much better everything used to be: sure, travel hacking might have been easier, but he also had more hair, better joints, and fewer kids.

I had my own lifecycle effect moment the other day while renting a car for a Thanksgiving trip.

How I think you're supposed to rent cars

Travel hackers have a lot of options when it comes to minimizing the cost and maximizing the value of car rentals:

  • Redeem Discover cash back for car rental certificates. You can redeem $20 in Discover cash back for a $40 certificate with National, Alamo, and Enterprise.
  • Earn frequent flyer miles by using airline promo codes when booking. I often see Frequent Miler posting these codes, for example here and here, but you can also earn miles by booking through airline car rental portals, e.g. Delta's.
  • Use Autoslash to track car rental prices. Autoslash has changed quite a bit through the years but you can still use it to track your car rental reservation and alert you when the price drops, so you can make a new reservation at the lower price.

Five years ago I probably would have done all that, and made sure to minimize the price I paid and maximized the rewards I earned on our 4-day rental.

How I actually rented a car for Thanksgiving

I logged onto Chase Ultimate Rewards and redeemed 15,840 Ultimate Rewards points for a rental that priced out at $198, which seemed in line with the prices I saw glancing at Kayak.

I did create a Hertz account and earned 275 points for the rental (worth approximately $0), but I didn't bother searching for referral codes or promo codes to apply to the reservation.

Coming to terms with lifecycle effects

There are still lots of marginal travel hacking techniques I pursue. I still credit all my paid flights to a frequent flyer program, even if it's a program like United's that doesn't offer me much if any value. I still try my best to keep my Delta SkyBonus small business account active in order to gradually earn points towards redemptions like drink coupons and domestic flights. I use shopping portals when I buy stuff online, even if the rewards end up being just a few thousand points per year.

But when it comes to renting a car once a year, I can't bring myself to care the way a younger me probably would have.

Travel hacking with less manufactured spend

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It seems that the travel hacking community has been thrown into one of its periodic panics, first over the loss of a popular gift card reselling opportunity and then an online bill payment option. I don't participate in such panics myself, but it's an opportunity to ask the question: what would travel hacking look like not in a world without manufactured spend, but in a world with less manufactured spend?

It's a good question because in a world with plentiful manufactured spend, lots of things are worth doing that might not be in a more constrained world. For example, today I happily earn 1.5 Ultimate Rewards points per dollar spent with a Chase Freedom Unlimited card, essentially speculating that I'll get more than 1.3 cents per point when I ultimately redeem them (since I could use a 2% cash back card instead). That wouldn't make any sense (for me) in a world where every dollar manufactured on one card reduces the amount I can manufacture on the others.

So, here's what I would do in a world of severely constrained — but not eliminated — manufactured spend.

Chase Ink Plus or Ink Cash for office supply stores

I consider buying $200 or $300 Visa prepaid debit cards from office supply stores with a Chase Ink Plus or, if you're signing up today, Ink Cash, to be the best current opportunity, even though liquidating smaller-denomination gift cards can be time-consuming if you have to do it in-person. Paying $8.95 in activation fees and $0.35 for money orders lets you buy 1,545 Ultimate Rewards for $9.35. That's slightly more expensive than paying $4.30 for 756 Ultimate Rewards points by using a Freedom Unlimited at an unbonused merchant, but it's over twice as efficient, in that a single money order transaction made with four $300 debit cards earns 6,180 Ultimate Rewards points (at 0.6 cents each), while one transaction with four $500 debit cards earns just 3,024 points (at 0.57 cents each). In a world of limited manufactured spend, maximizing the total haul from each transaction would inevitably become a much higher priority.

Since flexible Ultimate Rewards points can be redeemed for 1.25 cents each for paid travel, doing this alone would let you earn $3,125 in paid travel each year for about $1,504.

Annual spend: $25,000 (Ink Cash) or $50,000 (Ink Bold or Ink Plus).

"Old" Blue Cash for grocery stores

For reasons that are beyond my petty comprehension, American Express still issues the "old" Blue Cash card that earns 5% cash back on up to $43,500 in purchases at supermarkets, gas stations and "select" drugstores in the United States. That's a devaluation from the previous, unlimited bonus earning, but it's still a lot of money.

Since grocery store spend is somewhat cheaper than office supply store spend, whether you prefer to prioritize Ink Plus or Ink Cash spend or "old" Blue Cash spend properly depends on the value you expect to get from Ultimate Rewards points redemptions.

Annual spend: $50,000.

Amex EveryDay Preferred for grocery stores

I almost hesitate to include this one since the cap on earning is so low, but if you can knock out $6,000 in grocery store purchases, then make enough additional purchases to get to 30 transactions in the same statement cycle, you can earn 27,000 flexible Membership Rewards points per year (and pay an annual fee of $95).

That's not very many Membership Rewards points, so in a world of unlimited manufactured spend you'd want to supplement them with, for example, a Premier Rewards Gold card. But in a world of less manufactured spend, it would roughly add up to a business class international award ticket every 3-5 years. That's not great compared to the status quo, but it's not terrible either.

Annual spend: $6,000

A good cashback card for unbonused spend

So far so good, right? The problem is that all these cards are terrible for anything except manufactured spend. The Ink Cash and EveryDay Preferred have foreign transaction fees (the "old" Blue Cash card does not for some reason), and the Ink Bold and Ink Plus only earn 1 Ultimate Rewards point per dollar on unbonused spend.

Obviously if you have a lot of money the answer is the BankAmericard Travel Rewards with Platinum Honors Preferred Rewards, which earns 2.625% on all spend, has no foreign transaction fee, and is PIN-enabled for use internationally.

If you don't have a lot of money, you can use the PenFed Credit Union Power Cash Rewards card, which earns 1.5% cash back, or 2% if you have a PenFed Access America Checking Account. It's PIN-enabled and has no foreign transaction or annual fees, although the checking account requires a $500 average daily balance or monthly direct deposit to avoid a $10 monthly fee.

For domestic transactions you might consider using a Chase Freedom Unlimited to top up your Ultimate Rewards balance, but that card also has a foreign transaction fee so shouldn't be used internationally.

Conclusion

I think this is roughly the strategy I would pursue if my access to manufactured spend were suddenly constrained. It's pretty cheap (two $95 annual fees), pretty lucrative, and isn't very time-consuming, requiring only an average of about 6 total trips per month.

It would yield 125,000 or 250,000 Ultimate Rewards points, $2,240 in cash, and 27,000 Membership Rewards points. Whether or not that's sufficient to cover all your travel expenses depends on how many travel expenses you have, but it would certainly make a dent in mine.

Sapphire Preferred, Sapphire Reserve, or Ink Preferred for Ultimate Rewards transferability?

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I am on the record believing that much of the caterwauling about the end of travel hacking is essentially an artifact of individual travel hackers aging and having more responsibilities in other parts of their lives and less time to dedicate to the game. A person starting today wouldn't miss Vanilla Reload cards, just like when I got started I didn't miss buying dollar coins from the Mint. You can't miss what you never knew.

On the other hand, it's absolutely true that things are constantly changing, and keeping up-to-date on changes taking place is essential if you don't plan on retiring when your favorite credit card, award sweet spot, fuel dump, or manufactured spend technique is killed.

One such important change came about when Chase stopped issuing new Ink Plus small business credit cards.

The Ink Plus is the best Ultimate Rewards-earning credit card

People who currently hold Chase Ink Plus (and an even earlier card, the Ink Bold) earn 5 Ultimate Rewards points per dollar spent at office supply stores. While those cards can come with expensive activation fees, it's possible to turn a profit buying them virtually regardless of the liquidation technique you use, including even the most expensive options like making ordinary bill payments through Plastiq.

The Ink Plus also makes the Ultimate Rewards points you earn with other cards, like the Chase Freedom and Freedom Unlimited cards, transferrable to Chase's travel partners, meaning you don't need to hold a Sapphire Preferred or Sapphire Reserve card in order to maximize the value of your Ultimate Rewards points.

I say all this by way of background, and in case you already have an Ink Plus account: don't close it!

Brief aside: the Chase Ink Cash is still available for new signups

I try not to give recommendations around here. Your situation is different from my situation, your needs are different from my needs, etc.

But the no-annual-fee Ink Cash card is still available for new applications, and it still earns 5 Ultimate Rewards points per dollar spent at office supply stores (although only up to $25,000 per cardmember year, unlike the Ink Bold and Ink Plus maximum of $50,000 per cardmember year).

If you don't have one or more Ink Plus or Ink Bold accounts (and possibly even if you do!), moving an Ink Cash card up your list of applications in order to get another $25,000 in annual bonused office supply store spend seems like very low-hanging fruit to me at this point.

You can't sign up for new Ink Plus accounts

Chase hasn't given any indication they plan to force current Ink Plus or Ink Bold cardholders to change to the recently-introduced Ink Preferred, but they have stopped opening new accounts with those products.

That means if you have a portfolio of Chase Freedom, Freedom Unlimited, and Ink Cash cards that are earning fixed-value Ultimate Rewards points, you have to decide which Chase card to use to turn them into flexible Ultimate Rewards points.

So, which flexible Ultimate Rewards-earning credit card is best for someone without access to an Ink Plus? Like I say, I don't give recommendations, but here are four factors you can use to help you decide.

1) Product changes

Chase's proprietary credit cards can be more or less freely changed within the personal and business credit card "silos." That means the Sapphire Preferred and Reserve cards can be changed to Freedom and Freedom Unlimited cards, while an Ink Preferred can be easily changed to an Ink Cash card.

On the personal side, a Freedom Unlimited card is quite valuable for earning 1.5 Ultimate Rewards points at otherwise-unbonused merchants, but you only need one since you enjoy that earning rate on an unlimited amount of annual spend. Freedom (not Unlimited) cards meanwhile earn 5 Ultimate Rewards points per dollar spent in specified bonus categories, which have typically included widely-available manufactured spend opportunities like grocery stores and drug stores, but that bonused earning is capped at $1,500 per quarter, per card. That means you're typically best off accumulating as many individual Chase Freedom accounts as possible.

On the business side, as mentioned the Ink Cash is the last remaining Ultimate Rewards-earning credit card available to new customers that earns 5 Ultimate Rewards points per dollar spent at office supply stores.

The decisive question then is whether you prefer to earn bonus points on a finite amount of spend or fewer points on an unlimited amount of spend. If the former, an Ink Cash card lets you earn up to 125,000 Ultimate Rewards points on $25,000 in cardmember-year office supply store spend, while a Freedom card lets you earn a maximum of 30,000 points on $6,000 in calendar-year bonus spend. If the latter, the Freedom Unlimited card lets you earn 1.5 points per dollar spent on cheaper, unbonused manufactured spend or, for example, on unbonused reselling opportunities.

I'm not differentiating between the two premium personal cards here, since both can be product changed to either of the Freedom or Freedom Unlimited cards.

2) Signup bonuses

The Ink Preferred currently has a signup bonus of 80,000 Ultimate Rewards points after spending $5,000 within 3 months, while the Sapphire Preferred and Sapphire Reserve cards offer 50,000 points after spending $4,000.

That should give the Ink Preferred a strong advantage if you plan to transfer the points to Chase's travel partners. If you plan to redeem them for paid airfare, the difference shrink somewhat since the Ink Preferred signup bonus is worth $1,000 in paid airfare while the Sapphire Reserve's bonus is worth $750 due to its higher fixed redemption rate of 1.5 cents per point.

Note that unlike with some fixed-value rewards currencies you can combine points and cash on Ultimate Rewards booking portal reservations.

3) Bonus categories

If you plan to hold a flexible Ultimate Rewards credit card, it would be nice if you could earn some bonus Ultimate Rewards points with it:

  • Both the Sapphire Reserve and Ink Preferred cards earn 3 Ultimate Rewards points per dollar spent on travel;
  • The Sapphire Reserve earns 3 points per dollar spent at restaurants while the Sapphire Preferred earns just 2 points (the Ink Preferred doesn't bonus restaurant spend);
  • The Ink Preferred earns 3 points per dollar spent on internet, cable, and phone services.

If you're a reimbursed business traveler, especially one in charge of wining and dining clients, the Sapphire Reserve or Preferred has the advantage, while if you can convince your employer to let you put $150,000 in telecommunications charges to your Ink Preferred card that would be a no-brainer.

4) Trip delay insurance

Depending on your own travel habits, this may be a decisive factor or more of a tie-breaker. The Sapphire cards have excellent trip delay insurance (Reserve for delays of 6 hours or an overnight stay, Preferred for delays of 12 hours or an overnight stay), and it applies to reservations paid for with the card, booked through the Ultimate Rewards portal, and award tickets so long as you charge the related taxes and fees to your card.

I've used Sapphire Preferred trip delay insurance in the past and it was both fairly painless and fairly lucrative.

Conclusion

How to weigh these different factors in your own travel hacking practice is up to you, depending on your particular earning and redemption needs. Since I already have a couple of Freedoms, a Freedom Unlimited, and an Ink Plus, my advice wouldn't be worth anything to someone new to the game.

That being said, two obvious approaches suggest themselves. You could use a personal card (which one you choose depends on your own situation, including the factors above) as your permanent flexible Ultimate Rewards card, and then periodically apply for Ink Preferred cards before downgrading them to Ink Cash cards.

A second approach would be to alternate applying for personal and small business credit cards every 24 months (in order to be eligible for new account signup bonuses on the personal cards). This way you could product change Sapphire Preferred or Reserve cards to Freedom or Freedom Unlimited cards, and Ink Preferred cards to Ink Cash cards, gradually accumulating a stable of cards that are each subject to separate bonus earning limits. In this strategy, you would always have a flexible Ultimate Rewards card, but it would alternate between a personal and small business card, as long as you could continue to be approved. Of course, this approach may be somewhat riskier since it would always be subject to Chase approving your product change requests and new card applications — no sure thing!

The right ways to get to Evian-les-Bains

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I recently wrote about my trip to Europe which involved a very expensive cab ride about 50% of the way around Lake Geneva, from Lausanne, Switzerland, to Evian-les-Bains, France.

The basic mechanics of the problem were simple, and I knew them in advance: we were flying into Munich because we booked very cheap tickets pretty far in advance, long before we had any plans on how to spend the vacation. From Munich, the best train connection to Lausanne arrived at 7:40, giving us 20 minutes to catch the final 8:00 pm ferry to Evian-les-Bains.

The train arrived late, we missed the ferry, and that was that.

But Evian-les-Bains was a delightful little destination and we have talked about going back in the summer when it might be a little more lively. That begs the question: after doing it wrong the first time, what's the right way to get there?

Don't fly into Munich

It may seem to go without saying, but obviously don't fly into Bavaria, Germany if you want to go to Haute-Savoie, France.

Flying into Zurich

From Zurich Airport you can get a direct train to Lausanne on one of the commuter trains that leave roughly every half hour. The train takes up to 2 hours and 40 minutes, and if it's your first time finding the ferry terminal in Lausanne I would suggest arriving at Lausanne-gare no later than 40 minutes before the last ferry of the night.

You can search an entire itinerary between Zurich Airport and Evian using the website of the Swiss state railway company, SBB CFF FFS.

Flying into Geneva

Another option is to fly into Geneva and take the intercity train from the Geneva airport to the Geneva train station, and connect to the regional TER train system. Although it takes about 3 hours to get from Geneva's airport to Evian-les-Bains, this method has the great advantage of allowing you to arrive somewhat later at night. The last train that would let you connect to Evian-les-Bains leaves Geneva airport at 8:32 pm, which would get you into Evian's train station around 11:38 pm.

The best tool I found to plan this itinerary is the website of SNCF, France's national state-owned railway company.

Note that the train station in Evian-les-Bains is not in the town centre so you should arrange a taxi or hotel shuttle in advance. It's not a long walk, but again, if it's your first time you'll have no idea what you're doing once you arrive.

Wait, why do you want to go to Evian-les-Bains?

For the waters! Evian is a funny little town built around the theme of a mineral water source "discovered" there by a bankrupt nobleman with liver and kidney problems. Best of all, once you're there you get all the mineral water you can drink for free.

But seriously, I found it interesting as a once-glorious tourist destination that has managed to hang on due to its magnificent views and the skiing, hiking, and water-sports infrastructure it has accumulated over the years.

It also has a Hilton property which features strikingly low award redemption rates throughout the year, an excellent breakfast buffet, and a generous evening cocktail, hors d'oeuvres, and dessert spread in the executive lounge, which also exits onto a rooftop terrace. I imagine that during the high season that rooftop turns into a pretty solid party every night.