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Master Plan (Dubai)

Discussion in 'questions. answers. conversations.' started by J. J, Apr 6, 2016.

  1. Jay J

    Jay J New Member

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    The only card i have right now is the citi Platinum select. I opened the account last month and already have achieved the spend goal $3K and then some.. (miles will not pos for another month or so). I didn't want continue using the card if I could use the money to easily reach spending goals on another card with a bonus. My wife has her own card as we are trying to accomplish the same goal. I know 2018 is far off, but that is why I started early. To my understanding the mileage doesn't have an expiration date? I have yet to acquire any other mileage from any other source..hence why I am asking for guidance where to acquire miles next as I have 3 more trips to plan.
     
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  2. David W

    David W Well-Known Member

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    AA miles dont expire as long as there is activity in the account. If there is no activity for 18 months i believe the account is closed?

    You can both apply for the CitiAAdvantage Business Platinum card when its offering a 50k bonus. That'll help boost the mileage. If there is a high bonus for the CitiExecutive AA card, that's also a great option but do know that the $450 annual fee is not waived. I got the CitiAadvantage Gold card for the 25k bonus but I'll be closing the card when the annual fee is due.

    If you want to stay at Hyatt hotels, then Chase cards are a great option - Sapphire Preferred, Freedom, Freedom Unlimited, Ink and Ink Plus. After you get the bonus's I would keep Sapphire Preferred, Freedom, Freedom Unlimited and Ink cards. the Chase Hyatt card also gives 2 free nights anywhere in the world.
     
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    Jay J likes this.
  3. Jay J

    Jay J New Member

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    We plan on at least two trips a year, so no worries over closed accounts. Most of the cards you mentioned require $3-4K spending to meet the goal for bonus (which essential can be met 1 for each of our trips...3 cards @ 50K bonus = 150,000 miles).

    My first questions goes back to that...if its CHEAPER to acquire 50-150K miles buying directly from AA, whats the PROs'/Cons of doing that rather than opening a few cards to meet the same mileage goal? Is the value of AA miles bought directly on the website better or worse (less or more valuable) than bonuses from the cards (I hope that makes sense).

    I understand that each card has its "perks" like club access. Free night hotel stays and such.
     
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  4. David W

    David W Well-Known Member

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    Value of miles once theyre in your account are all the same since redeeming them is based on AA's award chart and not how you obtained those miles.

    In terms of obtaining miles, $3000 in spend on a new card may get you a 50k bonus on top of the 3k miles, but you'd have spent money on things you needed at that time - mortgage or products of some sort, and received 53k points as a reward. You can also spend $3000 on buying a bunch of miles - you'd walk out with 165k AA miles if you maxed out the current AA promo. But what if that money was originally going elsewhere, like a mortgage? That mortgage is still there.

    Lastly, not all banks have the same terms. Amex only gives bonus's once per product per lifetime. Chase has the 5/24 rule. CitiBank will not give you a bonus for a card if you have opened or closed the same card in the last 24 months. So if you've exhausted all credit card based options for accruing miles quickly, your next option would be buying miles.
     
    #24
    Jay J likes this.
  5. Jay J

    Jay J New Member

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    I have looked at the Citi Gold card as well at only $750 purchase for 25k looks good.

    I will debate on the next 3K to spend..I understand what your saying. Ill have to debate what process is going to get me the best return. I need to look into the Mortgage. I was thinking it would be possible to utilize a card for this. I would have to get cash from the card to do this correct? I looking at every purchase I make to earn rewards.
     
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  6. David W

    David W Well-Known Member

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    Getting cash from the card would make it a cash advance and is not a valid form of spend to get the bonus. Use a service like Plastiq to pay the mortgage with a credit card - it charges a 2-3.5% fee. Fee's suck but it could be worth it if you couldnt otherwise meet the spend
     
    #26
    Jay J likes this.
  7. Jay J

    Jay J New Member

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    I don't want to do that, just thought there would be a way to get the miles. Ill leave that alone and just acquire through regular purchases.
     
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