My NEW Credit Card Strategy in 2024 (for MAX Value)

After a travel-packed 2023, I have to re-evaluate my travel credit card strategy for 2024. With travel plans being vastly different than last year, and shifts in value I can get from the cards I have, these are my plans on what I’m changing, adding, and even cancelling this year, which may include some of my favorites like the Chase Sapphire Preferred or Amex Platinum.

In this video, I go over a quick recap of the new cards I added in 2023 and why, the new card I’ve added in 2024 already, and plans for the rest of the year!

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[KevinYang]

Which cards do you plan to add, change, or cancel in 2024? Have you had a major pivot? Let's hear about it below!👇

[themichaelw]

Quite a contrast from my strategy. Just recently I was on a trip and had to go to the emergency room abroad. I ended up paying >$1000 out of pocket for the hospital bill since I booked the travel on an ink card I was working on the SUB for. The very next day after I got back, I applied and got the sapphire reserve. Having the $2, 500 emergency medical coverage is worth whatever opportunity cost I give up by not putting travel spend on a card I'm churning. I'm a SWE like yourself, and honestly, credit cards are a game more than a real needle mover in terms of finances. So CSR is the way for me. And purchasing travel medical insurance for trips abroad.

[paulcaskey]

I wish the Green had a gas category since the Gold already covers dining.

[iFrankie.]

Would it hurt if I cancel a card only after having it for one year would it hurt my credit bad ?

[stills]

correct me if I'm wrong but doesn't hitting the card limit hurt your score and utilization?

[De_Guatemala]

Your extensive international travel experience made me subscribe. So many "content creators" just read off scripts but have zero firsthand knowledge.

[fwoodbridge]

I've grown to despise Capital One as a rule. BILT is better.

[darrellfether]

I’m starting a new business and I’m looking for a card to be able to use strictly for, which would you recommend?

[Dopadroid]

I noticed amex is getting really stingy with their points lately. I got the gold and green card last year but I'm in PUJ for the plat. After running the numbers, I'm thinking of getting rid of my gold because even if you use the effective AF, you still need to spend $250 on dining/groceries to break even with any other 3% dining cards. I was also thinking about getting rid of the green too since both the green (and gold) don't give travel protections like my chase sapphire does. I don't have any big international trips planned until next year, so I may just get a BBP, cancel the other amex cards and stick with a Bilt card for dining like you were thinking in the video.

[johnwick]

does the 5x gas & 5x dining & 5x groceries for the Chase IHG Premier applies outside US? thanks

[charlesbaker]

How do you feel about the new Wells Fargo transfer partners and lineup coming out next month!

[jhgolfman]

Just get the Bilt and forgo the savior one as they both get 3x on dining. Bilt points are superior anyways.

[qcman]

Interesting strategy Kevin 👍🏽.
Have you checked the C1 pre approval to see if you prequalify for the S1 w/the bonus? If you only qualify for the “good credit” version, would you still pull the trigger on it bc you value the card that much for the multipliers?

[lewis]

Didn't realize you're my Seattle homie. It's a good thing to follow you then. The only thing I would tweek is just going ahead and switching in the CSR instead of the CSP. Yeah it's more expensive and there's more to manage, but with those oversized values you've been getting from Chase, you as well maximize them for the addition %155 in af.

[Kylo_Ren_]

Does 3x dining on CSP work on foreign restaurants?

[joephillips]

And the biz gold gets you 4x on transit.

[darkness]

How do you transfer the cash back you get from the savor one into venture x miles?

[muggin]

Why not just get the Citi premier card?

[aarongee]

Hey Kevin, I have a slightly different approach. I would keep the CSP card because it is 3.1X on dining and 2.1 on travel. The .1% comes from the 10% anniversary bonus. I was able to use the hotel credit in Asia as the hotels are not expensive. For example, I was traveling in Indonesia to attend a wedding there and I was able to book 1 hotel night at a 4 Points Sheraton (the 4 Points in Asia are in a different class than the ones in the US) and combine it with my hotel stay booked with my Marriott Brilliant card (I am from California and the Marriott Brilliant Card is a must if you go to Disneyland and or Universal). The front desk is super friendly and combined it for me after I just told her that I have 2 separate bookings. I also have a Chase Ink Business Cash for 5% internet/cable/phone/Office Supply. The bonus was $900 after spending $6000 and the no annual fee sweetened the deal. As someone else has pointed out here, credit cards is more of a game rather than a financial decision.