Editorial Note: I receive NO compensation from affiliate partnerships. Support the blog by applying for a card through my personal referral links.
Here’s a quick roundup of some of the top stories covered in November, starting with the Chase Sapphire Reserve rumor that caught our eye. I hope you all had a great month of November!
Apparently, Chase is looking to increase the annual fee on one of its most popular card, the Chase Sapphire Reserve. The fee on the Sapphire Reserve may be increased to $550. In lieu of the fee increase, Chase will offer a dining credit. At this moment, this is still in the rumor but it will be a bit disappointing if we see another annual fee hike.
I wrote about my underwhelming experience while trying to get a retention bonus for the card. However, if you still find the Amex Business Platinum card worth applying for, then I’d suggest that you use the incognito mode in order to get the 110,000 Membership Rewards points bonus. This is a publicly available bonus and I don’t get any referral points for any links you use to apply for this card.
While there have been a few shutdowns and clawbacks, one of the prominent reasons has been self-referrals. If you’re still intending to do so, I’d suggest that you refrain from self-referrals. Amex has already updated their terms and condition and are well within their right to claw back bonuses for self referrals.
I always advocate that you should be a good customer and how loyalty is a two way street. Amex is in no mood to play games. They’re cracking down wherever they can. This posts sheds light on how you can prevent a shut down and continue to be in Amex’s good books.
Beyond the obvious financial reasons, is there more to Chase’s 5/24 rule? If you’re deep into the miles and points game, should you really care about the 5/24? Should you plan your strategy with 5/24 in mind?
How a grossly misleading article from a major publication prompted me to clarify my own ethics policy. As I’ve said before, my blog contains no affiliate links. I always greatly appreciate it when readers use my personal referral links to apply for credit cards.