American Express, Chase

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

Advertiser Disclosure: This site is part of an affiliate sales network and may receive compensation for sending traffic to partner sites. 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.

Did you miss a deal? Never again! Apply to join the members-only MilesTalk Facebook group.

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.

If you decide to apply, I have a referral link where you get 80,000 bonus points for signing up and meeting the minimum spend and I get 20,000 for referring you. Thanks in advance if you apply through that link!

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