My #1 Way To Redeem Credit Card Rewards!

Today I’m revealing how I personally redeem my credit card rewards with Amex, Chase, hotels, airlines, and more! Hopefully it’ll help you better understand how to use your own credit cards more effectively. Click “Show More” to see Ad Disclosure.

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1. AMEX MEMBERSHIP REWARDS POINTS
- REDEEM FOR: I redeem my Amex points for cash back via the Schwab Platinum Card. This gives 1.10¢ per point when redeemed to my Charles Schwab brokerage account, which is significantly better than the regular Amex Platinum Card (0.7¢ per point via statement credit). Example: 50,000 Points = $550. Without the Schwab Platinum Card, those points would only be worth $350.
- USE FOR: Non-monthly expenses | Investments

2. CHASE ULTIMATE REWARDS POINTS
- REDEEM FOR: I redeem my Chase points for travel primarily and cash back secondarily. This is typically done via my Chase Sapphire Preferred card (CSP), which gives 1.25¢+ per point for travel (50K points = $625) and 1.0¢ per point for cash back (50K points = $500). I may also use the Chase Transfer partners occasionally (esp. World of Hyatt) when I can obtain 1.50¢+ on avg. (50K points = $750).
- USE FOR: Flights, hotels, car rentals, etc. primarily | Non-monthly expenses & investments secondarily

3. CAPITAL ONE VENTURE MILES
- REDEEM FOR: I redeem Capital One Venture Miles exclusively for travel via the Capital One Venture X card, which gives me 1.0¢ per mile (or more via transfer partners). That makes 50,000 miles = $500. Cash back would yield 50% less value.
- USE FOR: Non-chain hotels | Cover travel expenses when I’m saving my other credit card rewards for a different trip.

4. HOTEL REWARDS: POINTS & FREE NIGHT CERTIFICATES
- REDEEM FOR: Hotels. My main programs are Marriott Bonvoy, World of Hyatt, Hilton Honors, and IHG Rewards.
- REDEMPTION PRIORITY: I redeem my Free Night Certificates first because they expire after 1 year. I’ll then redeem hotel points as those never expire as long as you have qualifying account activity (earn / redeem) every:
- Marriott Bonvoy: 24 months
- World of Hyatt: 24 months
- Hilton Honors: 24 months
- IHG Rewards: 12 months

5. AIRLINE REWARDS: POINTS & MILES
- REDEEM FOR: I redeem airline miles for flights. The 3 programs I focus most on are American Airlines AAdvantage miles, Southwest Rapid Rewards points, and Frontier Miles.
- USE FOR: Flights booked directly with the airline. Most of my travels are domestic.

6. CASH BACK
- REDEEM FOR: The rewards earned from my cash back credit cards are redeemed for…cash! This may be a direct deposit to a checking account or savings account, a statement credit to lower my bill, or a check via mail.
- USE FOR: Non-monthly expenses | Investments | Fun!

FINAL NOTES…
- When it comes to travel, I almost always try to use air miles & hotel points FIRST. That’s because they tend to get devalued faster & they tend to have more limited use.

- ‘Bank Points’ (Amex Membership Rewards Points, Chase Ultimate Rewards Points, Citi ThankYou Points, Capital One Venture Miles, etc.) tend to hold their value much better and have much broader uses, making them more valuable. For that reason, I focus more on earning them & tend to save them for bigger / more special trips.

🎬 MORE CREDIT CARD VIDEOS

🔹My #1 Default Credit Card Strategy Revealed: https://youtu.be/MrrZBeqFPrc

🔹 7 Best Amex Platinum Card Benefits 2022: https://youtu.be/bz74ofQKM2s

🔹 Chase Sapphire Preferred Review 2022: https://youtu.be/xePTy2oUM6A

🔹 Amex Gold vs. Chase Sapphire Preferred: https://youtu.be/HolY8a3Jva4

🔹 How To Use Amex Membership Rewards Points: https://youtu.be/OAos9ucMPVo

Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

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