Episode 55: Heightened CSP Bonus, Schwab Cashout Rumors & A New Airport Lounge

A Hot news week has us sitting down to discuss the following:
0:29 Chase Sapphire Preferred 100,000

  • Direct Link 
  • Subject to 5/24
  • $95 AF (not waived first year)
  • Try generating a referral if you/your spouse have one (chase.com/referafriend)
  • “Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.*
  • That’s $1,250 toward travel when redeemed through Chase Ultimate Rewards®.
  • This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months.
  • 100,000 bonus points is the best offer that Sapphire Preferred has ever had.”

5:54 Rumor: 1.25 cpp Amex Schwab Cashout Going Away (TheFinanceHobbyist on Reddit)

  • Cashout option still mentioned on application but not on landing page
  • Who knows, but…
  • How big of a hit would this be?
  • How would it affect your perception of the Amex MR value proposition?
  • If you knew for certain it was going away tomorrow would you clean house today?
  • Does the rumor cause you to cash out some MRs?

10:59 Chase Sapphire Lounges Coming (TPG)

  • First location: Boston?
  • Location: Terminal B to C Connector
  • Anticipated opening: Q1 2022
  • Out-maneuvered Amex Centurion and CapOne for the space

15:40 Amex 25% Transfer Bonus to Hawaiian

  • In the spirit of always considering a deal…
  • 130,000 Boston to Honolulu becomes 108,000 MRs pp one-way in lie-flat
  • Flight is very expensive: They’re asking $7,000 pp roundtrip
  • Expires 6/30/2021
  • Last call for 40% bonus to Marriott, ends 6/15/2021

18:32 Stop & Shop/Giant: 3x VGCs

  • Friday 6/4 – Thursday 6/10/2021

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About the author

- Written by Sam Simon. All ideas are my own, but I encourage you to see my point of view and I promise I'll try to do the same. Connect with me on Twitter @Milenomics.

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