American Express, Chase

Parking charges: I’ll gain 4x the value charging them on Chase Business Preferred vs Delta Amex

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Looking at my recurring charges today, I realized I have my parking garage charges on my Delta Amex. It was a logical choice when I made it. I was making sure I hit the $50k a year in business spend on the Delta Amex to get 20,000 MQMs a year (The Delta Business Platinum card gives you 10,000 bonus MQMs and 10,000 bonus miles for hitting $25,000 in spend for a year and again at $50,000 in annual spend).

The charge is $353 a month. On the Delta card, that is 4,236 miles or about $50 in miles (I value Delta miles just north of a penny a mile).

On the Chase Business Preferred card, I will get 3x points (all travel earns 3x points and garages count). So that is 12,708 Chase Ultimate Rewards points.

But that’s not all. Because I transfer all the points earned on my Chase Business Preferred card to my Chase Sapphire Reserve card, I can now redeem for a minimum 1.5 cents a point in the portal (or get more value by transferring points to airlines and hotels).

I’ll now get a points rebate of $191 at a minimum (vs. ~$50) on my annual garage spend of $4,236.

That’s close to a 5% rebate.

Even when you write about this stuff every day, it’s easy to miss one. But it’s also easy to see how maximizing ALL of your spend can be worth quite a bit of cash at the end of the day, especially if you have a business.

Does reading this remind you to change a recurring charge of your own? Let me know below or in the MilesTalk Facebook group