If you fly enough, experiencing a flight delay is practically inevitable. Between weather issues, maintenance delays and air traffic control staffing issues, all airlines are bound to face delays.
Alaska Airlines has recently been the best U.S. airline at minimizing delays, reporting the highest rate of on-time flights through June 2023. Still, nearly one in five Alaska flights have pushed back departure times for one reason or another.
In these situations, what kind of flight delay compensation are passengers entitled to? Here’s a recap of Alaska’s compensation policies for you.
6 things to know about Alaska flight delay compensation
1. You’re more likely to get flight delay compensation on Alaska than any other U.S. airline
At least on paper, Alaska treats its delayed passengers relatively well. According to data from the U.S. Department of Transportation (DOT), Alaska Airlines commits to providing compensation for the most aspects of a controllable flight delay: seven out of eight factors. The next-best airline is JetBlue Airways with six of the eight commitments. American Airlines, Delta Air Lines and United Airlines tie for third place with five of the eight commitments.
2. Alaska Airlines doesn’t guarantee cash compensation for delays
The only of the eight factors that Alaska does not commit to provide is the one travelers would probably like to see most: Cash compensation for delays more than three hours past the scheduled departure time.
Unfortunately, no additional cash compensation is required by Alaska policies or current DOT regulations (though they are required in Europe). At best, you may be able to get a full refund of the price that you paid for your flight — as long as your delay is eligible. And unfortunately, Alaska doesn’t define how long of a flight delay is required to get a refund.
3. Alaska Airlines offers bonus miles or a discount code for lengthy delays
Although it doesn’t offer cash compensation for delays, Alaska Airlines offers two compensation options in the case of flight delays over three hours — with the exact compensation depending on the length of the delay:
A discount code of at least $50 for future travel.
Discount codes are valid for one year from the date of issuance toward a future Alaska flight. Alaska miles don’t expire, although your account may be deactivated for lack of activity.
🤓Nerdy Tip
NerdWallet values Alaska miles at 1.4 cents per mile. Unless you don’t have any plans to take an Alaska flight in the next year, we recommend opting for a $50 voucher instead of 2,000 miles. At NerdWallet valuations, 2,000 miles are only worth $28.
It’s worth noting that Alaska Airlines is the only U.S. airline that commits to providing frequent flyer miles in case of a delay. JetBlue is the only other U.S. airline that offers a travel voucher for delays of three hours or more. Other U.S. airlines may provide bonus miles or a voucher to certain travelers after certain delays, but it isn’t part of their stated policy.
4. Claim a free meal or overnight accommodation on certain delays
In addition to providing miles or a travel voucher, Alaska Airlines also pledges to provide food and lodging during a delay of three or more hours. First, passengers waiting out the delay at the airport will get a “reasonable meal” — although that’s not further defined.
Plus, travelers needing to wait out an overnight delay will receive complimentary hotel accommodations, as long as they are at an airport more than 100 miles from their home. Alaska Airlines agrees to cover both the hotel and round-trip ground transportation to and from the hotel.
5. Only certain Alaska flight delays are eligible for compensation
There’s a big asterisk to all that we’ve covered so far: Alaska Airlines only compensates travelers, provides meals and covers overnight accommodation for eligible delays. Alaska Airlines won’t provide any compensation or amenities if your delay is due to:
Air traffic control.
Weather situations.
Passenger’s illness.
Other extraordinary circumstances beyond the airline’s control that occur at cities within your intended flight routing.
In these cases, you’ll need to rely on trip delay insurance — if you have it — to cover your meal and lodging costs. For example, if you booked your flight with the Chase Sapphire Reserve® and your flight is delayed more than six hours or overnight, you’ll get up to $500 per passenger in reimbursements for expenses like meals and lodging.
6. Know all of your options during a flight delay
Even if you aren’t due Alaska flight delay compensation, you should know you have options during a delay. If your flight is canceled or significantly delayed, gate agents will likely want to rebook you on a later Alaska Airlines flight. However, the airline’s stated policy is to rebook you on partner airlines at no additional cost when there’s a significant delay.
Check your options using a flight search tool like Google Flights. Note that Alaska Airlines is part of the Oneworld Alliance along with American Airlines, so American will be a top option. In addition, the airline has struck partnerships with other carriers on which it may rebook you. Alaska flyers have reported being rebooked on American, Delta and United in the case of past delays — although these partnerships can change at any time.
Alaska flight delay compensation recapped
Alaska Airlines offers more to passengers than other U.S. airlines when it comes to delay compensation. In addition to standard provisions — such as meals and overnight lodging — the airline also offers bonus miles or a travel voucher when eligible delays stretch beyond three hours. Plus, Alaska also partners with several competitor airlines to help get travelers where they need to go.
However, all of these types of compensation require that you’re on an eligible delay. If your flight is delayed or canceled due to weather, air traffic control or another element deemed outside of the airline’s control, you’ll need to rely on travel insurance or credit card travel protections to cover these expenses.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024, including those best for:
When the Canada-based BMO bank acquired Bank of the West, headquartered in the U.S., in 2021, American consumers gained access to BMO’s credit card portfolio, which includes personal and business cards.
As of this writing, BMO offers two cash-back cards, a travel card, a 0% APR/balance transfer card and a secured card. However, a BMO representative confirmed that the card offerings and current card benefits may change in early 2024.
Here’s what you need to know about these cards before deciding whether to apply for one.
🤓Nerdy Tip
While BMO offers business credit cards, this article covers only its personal credit card offerings.
For a break on interest: BMO Platinum Credit Card
If you need an extra-long reprieve from interest, your best option among the BMO cards is the Platinum Credit Card. For a $0 annual fee, cardholders get 0% APR on purchases and balance transfers for 15 months (as of this writing). There are two important caveats to these offers, though: You may lose the 0% APR benefit if you make a late payment, and the balance transfer must be completed within 90 days of account opening in order to get the 0% APR offer.
The balance transfer fee for all of BMO’s personal credit cards is $10 or 4% of the amount of the balance transfer, whichever amount is greater. BMO only allows balance transfers of credit card debt. And as is standard with most issuers, it doesn’t permit transfers between BMO accounts.
As balance transfer offers go, this is a decent one, but it’s possible to find credit cards with longer interest-free promotions. The Wells Fargo Reflect® Card, for instance, offers 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers, and then the ongoing APR of 18.24%, 24.74%, or 29.99% Variable APR .
🤓Nerdy Tip
All of BMO’s publicly available personal credit cards offer cell phone protection plans. Cardholders are eligible for up to $400 in coverage except for Premium Rewards cardholders, who get up to $600 worth of coverage. To qualify for cell phone insurance, you must pay your cell phone bill with a qualifying BMO credit card. A $50 deductible is required for each claim.
For building credit: BMO Boost Secured Credit Card
BMO’s lone secured card requires a $25 annual fee and a minimum $300 security deposit. Those numbers are on the higher end compared with other secured cards. The Discover it® Secured Credit Card, for example, has a $0 annual fee and a $200 minimum security deposit — and it earns rewards, which the Boost Secured card does not.
However, the Boost Secured does offer two benefits rarely found in other cards for people with bad or limited credit: cell phone insurance and rental car insurance.
For travelers: BMO Premium Rewards Credit Card
The only travel card in BMO’s credit card portfolio, the Premium Rewards card, offers some solid perks for a $79 annual fee, which is waived the first year. Some highlights:
15% bonus points on your account anniversary (15% of total purchases made in the previous year).
A sign-up bonus of 35,000 bonus points when you spend $5,000 within 3 months of opening your account (as of this writing).
Access to over 850 airport VIP lounges worldwide with Priority Pass Select, plus two complimentary visits to participating lounges.
No foreign transaction fees.
Lost or damaged luggage insurance.
By comparison, the venerable Chase Sapphire Preferred® Card awards a 10% points bonus on each account anniversary and doesn’t come with lounge access, and its annual fee is slightly higher than the Premium Rewards card. However, unlike the BMO Premium Rewards card, the Chase Sapphire Preferred® Card features travel partners to which you can transfer your points, often for outsize value.
The Premium Rewards card also earns the following rewards in BMO’s proprietary currency, Flex Rewards:
3 Flex Rewards points per $1 spent on eligible dining, hotels and airfare (on up to $2,500 in combined spending each quarter), and 1x on all purchases after that.
1 Flex Rewards point per $1 spent on all other eligible purchases.
Flex Rewards points may be redeemed for flights, hotels, merchandise, gift cards and statement credits, among other options. Point values vary depending on the redemption; cardholders can check the redemption value at www.bmoflexrewards.com.
Flex Rewards points don’t expire, assuming your account remains in good standing with BMO.
For cash back: BMO Cash Back Credit Card and the BMO Platinum Rewards Credit Card
Two BMO cards would be good picks as cash-back cards. One earns direct cash back as a percentage of each purchase; the other earns BMO’s proprietary currency, Flex Rewards, which can be redeemed for cash back in the form of statement credit.
BMO Cash Back Credit Card
For straightforward cash-back rewards, the aptly named BMO Cash Back Credit Card is probably the better choice. It has the higher rewards rates, and the rewards categories represent a range of everyday spending. The $0-annual-fee Cash Back card earns:
5% cash back on eligible streaming, cable TV and satellite services.
3% cash back on eligible gas and grocery purchases, up to $2,500 in combined quarterly spending (1% after that).
1% cash back on all other eligible purchases.
The only redemption option is a statement credit. Rewards never expire as long as the account is open and in good standing.
As of this writing, the card also comes with the following sign-up bonus: Get a $200 cash-back bonus when you spend $2,000 within 3 months of opening your account.
BMO Platinum Rewards Credit Card
The Platinum Rewards card, like its Cash Back sibling, earns rewards on gas and groceries, but the rewards rates on the Platinum Rewards card are a hair lower. It earns:
2 Flex Rewards points per $1 spent on eligible gas and groceries, up to $2,500 in combined spending each calendar quarter (1x on all purchases after that).
1 Flex Rewards point per $1 spent on all other eligible purchases.
Redemption options for the Platinum Rewards card are the same as the Premium Rewards card because both cards earn Flex Rewards.
In favor of the Platinum Rewards card, its annual fee is also $0, and it has a good welcome offer: Get 25,000 bonus points when you spend $2,000 within 3 months of opening your account. It also gives cardholders a points bonus every account anniversary equal to 10% of the total points earned in the past year. The Cash Back card doesn’t award an annual bonus.
These are both decent options for cash back. But if you’d prefer a simple, high flat rate back on everything, without the need to keep track of bonus categories, you could consider a product like the Citi Double Cash® Card. It earns 2% cash back on every purchase: 1% back when you buy, 1% back when you pay it back.
The card has a $0 annual fee, and it also offers a 0% intro APR on Balance Transfers for 18 months, and then the ongoing APR of 19.24%-29.24% Variable APR.
Who doesn’t want to be rewarded?
Create a NerdWallet account for personalized recommendations, and find the card that rewards you the most for your spending.
The Bilt World Elite Mastercard® Credit Card is best known for its unique standout feature: the ability to earn rewards with no transaction fee when paying rent. Indeed, the Bilt credit card is a game-changer for renters. Beyond rent, though, how does Bilt compare with a more traditional general-purpose credit card like the Wells Fargo Autograph℠ Card?
Both cards carry no annual fee. They both earn 3 points per $1 spent on dining, offer cell phone protection and certain travel protections, plus charge no foreign transaction fees. But in most other respects, the benefits of these two cards couldn’t be more different.
The Wells Fargo Autograph℠ Card offers a compelling sign-up bonus and introductory APR, while the Bilt World Elite Mastercard® Credit Card offers neither. But the Bilt credit card, along with its most obvious benefit for renters, earns points that can be transferred to various hotel and airline travel partners, giving the potential for outsize value. Currently, the Autograph offers no such transfers.
Let’s dig into the specifics of each card so you can make the right pick for your lifestyle.
Who doesn’t want to be rewarded?
Create a NerdWallet account for personalized recommendations, and find the card that rewards you the most for your spending.
How the cards compare
Bilt World Elite Mastercard® Credit Card
Wells Fargo Autograph℠ Card
Annual fee
Sign-up bonus
Limited Time Offer: Earn 30,000 bonus points when you spend $1,500 in purchases in the first 3 months – that’s a $300 cash redemption value.
Rewards
3 points per $1 spent on dining.
2 points per $1 spent on travel.
1 point per $1 spent on rent (up to 100,000 points annually).
1 point per $1 spent on all other purchases.
3 points per $1 spent on restaurants.
3 points per $1 spent on travel, transit, gas stations and EV charging stations.
3 points per $1 spent on popular streaming services and select phone plans.
1 point per $1 spent on all other purchases.
APR
See Terms.
0% intro APR on Purchases for 12 months from account opening, and then the ongoing APR of 20.24%, 25.24%, or 29.99% Variable APR .
Foreign transaction fee
Still not sure?
Why the Bilt World Elite Mastercard® Credit Card is better for renters and travelers
Pay rent with a credit card
The Bilt World Elite Mastercard® Credit Card‘s standout feature is its ability to earn rewards on rent payments without any transaction fees. That’s a unicorn in the credit card world, as most cards can’t be used directly toward rent payments without such fees. Previously, renters looking to pile up credit card rewards relied on intermediary services like Plastiq, whose high fees cut into any rewards earned.
Though the benefit caps out at 100,000 points per year, this still makes the Bilt World Elite Mastercard® Credit Card the obvious choice for renters looking to get more out of their biggest monthly expense. Even if you don’t live in a property that’s part of the Bilt network, you can still charge rent on the card (with no transaction fees) and they’ll mail a check to your landlord.
Transfer to travel partners
Both cards earn points, but only points earned from the Bilt World Elite Mastercard® Credit Card have the potential for higher value toward travel. Points earned from the Wells Fargo Autograph℠ Card are worth 1 cent each and can be redeemed for travel, gift cards or statement credits — or when checking out online with PayPal.
Bilt Points are also versatile and can be used toward rent, fitness classes, home decor and even a home downpayment, for varying value. But as a card with no annual fee, the Bilt World Elite Mastercard® Credit Card stands out for its ability to transfer points at a 1:1 ratio to a wide range of travel partners. Travelers often find greater value than 1 cent each for their points when they transfer this way.
This is a rare perk among no-fee cards, most of which require pairing with a higher-fee card to transfer points. For example, Chase Freedom Flex℠ cardholders can transfer points to travel partners only if they also carry a higher fee card like the $95-annual-fee Chase Sapphire Preferred® Card.
Plus, Bilt’s list of travel partners is excellent, including American Airlines, United, Hyatt and IHG. In fact, despite American Airlines issuing co-branded credit cards with both Citibank and Barclays, neither issuer allows transfers of its points to the airline. Here’s a look at the full list of available transfers:
Full list of Bilt transfer partners
Aer Lingus (1:1 ratio).
Air Canada (1:1 ratio).
Air France (1:1 ratio).
American Airlines (1:1 ratio).
British Airways (1:1 ratio).
Cathay Pacific (1:1 ratio).
Emirates (1:1 ratio).
Hawaiian Airlines (1:1 ratio).
Hyatt (1:1 ratio).
Iberia Airlines (1:1 ratio).
IHG (1:1 ratio).
Marriott (1:1 ratio).
Turkish Airlines (1:1 ratio).
United (1:1 ratio).
Virgin Atlantic (1:1 ratio).
Bonus points in several categories, with an extra boost on “Rent Day”
Beyond rent payments, the Bilt World Elite Mastercard® Credit Card earns solid rewards on a variety of everyday expenses. That includes 5x points on Lyft rides, 3x points on dining, 2x points on travel and 1x on all other purchases.
But Bilt’s biggest benefit to cardholders comes on the first day of each month, when point values double for all nonrent categories, up to a cap of 10,000 bonus points per month. On that day, Bilt World Elite Mastercard® Credit Card holders earn 6x points on dining, 4x on travel purchases and 2x on everything else.
Why you may prefer the Wells Fargo Autograph℠ Card
Snag a sign-up bonus
Like many more traditional rewards credit cards, the Wells Fargo Autograph℠ Card greets new users with an attractive new cardholder bonus: Limited Time Offer: Earn 30,000 bonus points when you spend $1,500 in purchases in the first 3 months – that’s a $300 cash redemption value.
The Bilt World Elite Mastercard® Credit Card, on the other hand, offers no bonus for new cardholders, meaning it will take longer to rack up the same level of rewards.
Pay over time with 0% introductory APR
The Wells Fargo Autograph℠ Card is also the better pick for cardholders who need to finance purchases over time. Currently, new cardholders will get 0% intro APR on Purchases for 12 months from account opening, and then the ongoing APR of 20.24%, 25.24%, or 29.99% Variable APR .
Since the Bilt World Elite Mastercard® Credit Card doesn’t offer an introductory interest rate, it’s a less attractive choice for cardholders who need some breathing room on interest.
Earn higher rewards on travel, gas stations and streaming services
Both cards earn 3x points at restaurants, but the Wells Fargo Autograph℠ Card wins by a nose on travel purchases, earning 3x points per $1 spent compared with 2x with Bilt.
The Autograph also earns 3x points on certain popular streaming services and phone plans. Bilt’s baseline earnings rate for these categories is just 1 point per $1 spent — but you can bump that up to 2x points per dollar by setting these recurring bills to be charged on the first of every month.
When it comes to fueling your vehicle, though, the Autograph really races ahead on rewards, earning 3x points at gas stations and EV charging stations. For comparison, the Bilt World Elite Mastercard® Credit Card earns a modest 1 point per dollar spent in these categories.
Potential tie-breakers
Still can’t decide which card is right for you? Here are a few minor points of distinction to consider.
Simplicity of earning rewards
A major downside of the Bilt World Elite Mastercard® Credit Card is its transaction requirement. According to the card’s terms, you must complete five transactions per billing period to earn any rewards. That means if you only make four transactions on the card one month, you won’t earn rewards on any of those purchases. There’s no minimum spend per transaction, but this does present an extra hoop to make sure you maximize your rewards.
The Wells Fargo Autograph℠ Card won’t earn you rewards on rent, but it also doesn’t include any such complicated requirements.
Metal vs. plastic
If you have strong preferences about the feel of the card, it’s worth noting that the Bilt World Elite Mastercard® Credit Card comes in a sleek metal design, adding some sophistication to your wallet. The Wells Fargo Autograph℠ Card is plastic, making it a lighter weight to carry.
Which card should you get?
The distinction here is pretty clear. If you’re a renter, the Bilt World Elite Mastercard® Credit Card is the obvious choice. No other card offers comparable rewards on rent payments, and the card’s additional rewards plus travel partners make it a good value on everyday spending as well.
Not a renter? The Wells Fargo Autograph℠ Card will provide more overall value on everyday spending.
Then again, given that both cards carry no annual fee, renters with good credit may choose to pick up one of each. Use the Bilt World Elite Mastercard® Credit Card for rent, Lyft rides and to pick up extra rewards on the first day of each month. For the rest of the month, the Wells Fargo Autograph℠ Card will earn you higher rewards in most categories, along with a strong intro APR and sign-up bonus.
Little things are worse than going through all the work of planning a trip only to have something change on you at the last minute. Whether it’s a broken bone, a canceled flight or a sudden sickness, a lot is on the line when you’re making vacation plans. That’s why many travel companies offer travel protection.
If you’re wondering what travel protection is, you’ve come to the right place. We’ll also talk about how vacation protection works, what it covers and the difference between travel insurance versus travel protection.
What is trip protection?
Trip or travel protection is a limited type of cancellation coverage that you purchase directly from a travel provider. The coverage is typically self-insured by the company through which you buy the protection.
For example, a cruise line may offer its own trip protection option when booking a cruise to allow you to recoup costs if you need to cancel. Likewise, an online travel agency (OTA) might offer protection for a flight and provide you with a voucher in case of cancellation.
Travel protection vs. travel insurance
The terms travel protection and travel insurance are often used interchangeably, and both aim to protect you financially if you have issues during your travel.
Although it can offer some of the same benefits as travel insurance, trip protection is notinsurance, and it doesn’t have the same regulatory oversight that insurance policies do. Therefore, it’s important to know what the protection plan covers before you purchase it so you don’t have any unpleasant surprises down the road.
The coverage that trip protection offers is usually quite specific — often, it’s limited only to cancellation. While it may help you out if your trip needs to be canceled, it typically won’t cover medical expenses or reimburse you for lost baggage. For this reason, many travelers opt for more comprehensive coverage in the form of travel insurance.
What does trip protection cover?
The coverage on any trip protection plan you purchase will vary with your individual policy.
For example, Carnival Cruise Line offers Carnival Vacation Protection. This plan provides both insurance and non-insurance coverage at once. The plan includes trip cancellation coverage, provided by Carnival, along with travel insurance underwritten by Nationwide.
If you need to cancel your trip for a covered reason, you’ll receive a full refund in cash. If you cancel for any other reason, you’ll receive 75% of your trip cost in the form of a Carnival voucher.
But what is travel protection for flights? Is there such a thing? While many airlines offer you the option to purchase insurance when you book your flight, some travel providers still offer trip protection instead.
For example, until recently, the OTA company GoToGate offered its own self-funded cancellation protection that reimbursed airfare expenses for covered events. However, it has now switched to a regulated travel insurance provider.
Another common trip protection offering is travel assistance services. These can include referrals to medical services, help with translation, managing travel documentation and aiding with lost or damaged luggage.
How does travel protection work?
The way your travel protection plan works depends on the specific policy. If you need to use it, you’ll likely coordinate directly with the travel provider for a claim.
For example, Carnival’s plan will give you a cash reimbursement or a voucher for future travel, depending on the reason for your cancellation. Either way, you’ll work directly with Carnival to obtain your compensation — not a third-party insurance agency.
Should you buy travel protection?
It can be tempting to purchase travel protection, especially if your vacation includes many moving parts or is expensive. This is especially true if your plans aren’t solid — cancellation protection can provide reimbursement if you need to alter your bookings.
However, travel insurance is a better option if you’re looking for more comprehensive coverage. This is because there tends to be a much broader scope of protection included with travel insurance.
Here are some of the most common travel insurance inclusions that you won’t find in most trip protection plans:
Common types of travel insurance
Check your credit cards for complimentary coverage
Before buying either trip protection or travel insurance, check the benefits of your credit cards. Many travel credit cards offer complimentary travel insurance as a perk of being a cardholder.
To be eligible for this insurance, you’ll need to charge the trip to your card. Once done, you’ll be covered automatically. The types of insurance and the policy limits you’ll receive will depend on which card you hold.
The Platinum Card® from American Express, for example, provides trip cancellation coverage, trip delay reimbursement, lost luggage insurance, trip interruption insurance, rental car insurance and Premium Global Assist services. Note AmEx will reimburse you for expenses incurred due to a lost bag, it doesn’t cover instances where your luggage is simply delayed.
This contrasts the coverage offered by the Chase Sapphire Reserve®, another premium travel credit card. Like AmEx, the Chase Sapphire Reserve® provides reimbursement for a bag that’s lost or damaged, but it’ll also cover delayed luggage by providing up to $100 per day for five days to purchase necessities.
Terms apply.
If you’d like to purchase travel protection
Purchasing trip protection may be tempting if you’ve made a lot of travel plans or you’re worried you’ll need to cancel your trip.
However, because travel protection isn’t actually insurance, it’s not subject to the same regulations as standard travel insurance policies. You’ll want to be sure that any trip protection coverage you purchase is from a legitimate company — read the fine print to be sure.
Otherwise, consider purchasing comprehensive travel insurance for your vacation or using your travel credit card’s complimentary travel insurance offerings for coverage.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:
As we near the end of year, it’s a good time to take stock of our credit cards and review which ones have benefits, requirements, or limits that reset at year-end. We’ll also examine which cards give you a quick double-dip credit when applying at year-end, and take a look at which cards to apply for now.
I’ve been doing this write-up with updates each year for the past number of years (2022, 2021, 2020, 2019, 2018, 2017, 2016, 2015). This year again there were many changes. I updated what came to mind, and there are probably some we missed. Please drop a comment below if you notice any changes or inaccuracies changes and we’ll update accordingly.
Calendar Year Spend Limits
Blue Business Plus and Blue Business Cash cards earn 2x/2% everywhere on up to $50,000 in purchases per calendar year. (A report indicates this resets on January 1st, not the December statement close.)
Amex Gold card earns 4x points at US grocery stores up to $25,000 per calendar year. (Resets with December statement or December 31?)
Amex SimplyCash Plus earns 5% at office/wireless and 3% on your chosen category, up to $50,000 per calendar year for each of those. This resets on January 1st each year.
Amex Everyday Preferred $6,000 limit on the 3x grocery store category per calendar year. (Resets with December statement or December 31?)
Amex Everyday $6,000 limit on the 2x grocery store category per calendar year. (Resets with December statement or December 31?)
Blue Cash Preferred $6,000 limit on the 6% grocery store category per calendar year. This resets January 1 each year, not on the December close date.
Blue Cash Everyday $6,000 limit on the 3% grocery store category per calendar year. This resets January 1 each year, not on the December close date.
The Old Blue Cash card does not reset with the calendar year, it goes with your card anniversary.
The INK Plus/Cash and the INK Preferred years do not reset with the calendar year, it goes with the card anniversary.
Also, remember that the annual limits on points earned for credit card referrals by Chase (50,000-100,000 points, depending on the card) and AmEx (55,000 points/$550) will reset on January 1st. If you’re someone who does a lot of referrals, be sure to max out what you can before December 31 and then start referring again on January 1st.
Q4 Categories: Chase Freedom, Discover, Citi Dividend, and U.S. Bank Cash+ and a few other cards have quarterly categories. The current categories for Q4 will end on December 31. More details here. Likewise, the quarterly $2,500 limit on the Bank of America Cash Rewards card will renew on January 1. There are also some spend offers from Chase, notably the 10x Gas offer, which ends on December 31st.
You have until December 31st to max out your I Bonds purchases which are limited to $10,000 each calendar year.
List of all deals ending on December 31st can be found on our Deals Calendar.
Calendar Year Spend Requirements
Amex Hilton Surpass gets a free weekend night with $15,000 in spend within the calendar year, and gets Diamond status with $40,000 in spend within the calendar year.
Amex Hilton Honors business card gets a free weekend night with $15,000 in spend within the calendar year, it gets a second weekend night with a total of $60,000 in spend within the calendar year. It also gets Diamond status with $40,000 in spend within the calendar year.
Amex Hilton Honors gets Gold status with $20,000 in spend within the calendar year.
Amex Hilton Aspire gets a second free weekend night with $60,000 in spend within the calendar year. (First weekend night comes as a card benefit, and is based on card anniversary, not calendar year.
Amex Delta Reserve – both personal and business versions – earn 15,000 MQMs (18,750 MGMs for 2021 due to temporary bonus) and 15,000 bonus miles $30,000 in spend within the calendar year, and an additional 15,000 MQMs and 15,000 bonus miles if you spend a total of $60,000 within the calendar year.
Amex Delta Platinum – both personal and business versions- earn 10,000 MQMs and 10,000 bonus miles when you spent $25,000 in a calendar year, and an additional 10,000 MQMs and 10,000 bonus miles if you spend a total of $50,000 within the calendar year.
Amex Platinum consumer and business cards – spend $75,000 or more during a calendar year and receive complimentary Centurion lounge access for up to two guests per visit.
Barclay Jetblue Plus card earns Mosaic status with $50,000 in spend per calendar year.
Chase British Airways card gets the Travel Together Ticket benefit when spending $30,000 in a calendar year.
Chase Hyatt card gets an additional night if you spend $15,000 in the past year. This one has now changed to go based on the calendar year. Finish up your spending now if you’re trying to get the additional night and begin your spending for next year on January 1st.
Chase Hyatt cards offer elite nights with spend: the Hyatt consumer card gets 2 nights for every $5,000 spent; this does not reset at all. The Hyatt business card gets 5 nights for every $10,000 spent; this resets with the calendar year.
Citi American Airlines AAdvantage Platinum Select card gets $125 flight discount certificate after spending $20,000 or more – this goes with the cardmember year (based on 12 billing statements), not based on calendar year.
American Express Cards
Airline Credit
Amex Platinum personal, Platinum business, and Hilton Aspire cards have an airline incidental credit each year: $250 for the Hilton Aspire and $200 for the Platinum cards (see what counts here). Unfortunately, gift cards no longer trigger the airline incidental credits.
With these cards, the airline credit is based on the calendar year, not on the statement closing. You can put the airline incidental charges anytime until December 31 and have it count toward the current year. It might have to actually post before year’s end, though; give a few days for that to happen.
The Amex airline credit is different than the others in this list in that you only get reimbursed for incidental spend on your designated airline. Be sure to designate that before putting the charge on the card.
If you’re looking to apply, there is still time to do so and get the airline credit for the current year. The annual fee usually hits around a month after card approval – useful to keep in mind for maximizing the travel credits without annual fees and for triple-dipping. (For those applying in the final few days of the year, see this tip.)
Related: Opening a Schwab Brokerage, Checking, and Amex Platinum Credit Card before Year’s End
Platinum Hotel Credit
The Platinum personal card comes with a $200 annual hotel credit on select prepaid bookings with American Express Travel. Be sure to book before December 31st. You don’t need to complete your travel by that date.
Platinum Uber Credit
The Platinum personal card also comes with a monthly $15 credit, remember that it gets increased to $35 during the month of December.
Platinum Saks Credit
The Platinum personal card also comes with a $50 Saks Fifth Avenue credit twice per year: one from January to June and one from July to December. Be sure to use that up before the end of December. They only charge you after the item ships, so give some leeway here.
Platinum Business Dell Credit
The business Platinum card comes with a $200 Dell credit twice per year: one from January to June and one from July to December. Be sure to use that up before the end of December (along with the Amex Offer at Dell which expires then). Give some leeway for the charge to post by December 31.
Hilton Aspire
The Hilton Aspire card also comes with a $250 Hilton Resort Credit and a free weekend night. Those are based on the cardmember year, not calendar year.
2024 Changes:
The Hilton Aspire $250 resort credit is changing on 1/1/24 to become a $200 resort credit twice per year. This goes based on the calendar year – once for January through June and once for July through December.
The $200 airline incidental credit is also changing to become a $50 airline flight credit each quarter – this goes by the calendar quarter.
The Hilton Surpass card also now has a quarterly $50 credit purchases made directly with a property in the Hilton this goes based on the calendar quarter.
Amex Green
The Green personal card comes with an annual $189 CLEAR credit and annual $100 LoungeBuddy credit. These reset each calendar year, so you should be able to use the credit for this year anytime until December 31.
Other Credits
Bank of America
Premium Rewards
TheBank of America Premium Rewards card comes with $100 airline incidental credit (see what counts here). This resets based on the calendar year. Finish up your statement credit with this one by December 31 (buying AA gift card or United Travel Bank credit is easiest), and start using your new credit on January 1. I’ll buy a gift card right away in case they close that loophole. (Note, the airline incidental meter seems to take a few days/weeks until it shows the reset. While it should be internally reset on January 1st, you might want to wait until you see it reset to zero for the avoidance of doubt.)
Premium Rewards Elite
The Bank of America Premium Rewards Elite Visa card comes with an annual $300 airline incidental credit and $150 lifestyle convenience credit (including streaming services, food delivery, fitness subscriptions and rideshare services). These reset with the calendar year.
Be sure to use up your credits from this year now, and begin using next year’s credits after the new year begins. It can also make sense to apply now and try for a triple dip on the card benefits.
Barclay JetBlue
The Barclay JetBlue Plus card gets $100 calendar year credit for JetBlue Vacations bookings.
Capital One Venture X
The Capital One Venture X personal card offers a $300 credit for bookings made on Capital One Travel. This renews each cardmember year, it’s not based on the calendar year. Same on the Venture X Business card.
Chase Cards
Southwest
Earning 135,000 Southwest points earns you the Southwest Companion Pass. Credit cardholders only need to earn 125,000 miles. The best way to time yourself is to earn the miles at the beginning of the calendar year since Companion Pass continues for the next entire calendar year. For example, if you earn 125,000 Southwest miles during January 2024, you’ll have the Companion Pass for the rest of 2024 and the entire 2025.
The easiest strategy to earn the Companion Pass has always been by getting a credit card signup bonus on the Southwest credit card. In our case, you’ll want to apply sometime in the next couple of months, taking care to ensure NOT to meet the spend requirement until after January 1st. (Technically, you can meet the spend requirement during December, so long as the statement won’t close until after the 1st.) The signup bonus points on the two cards will post after you complete the spend in early 2024, and you’ll have a Companion Pass for nearly two years.
Southwest is currently offering a signup bonus of 75,000 points with $3,000 spend. You can also signup for a Chase Southwest business card and get 80,000 points after $5,000 spend. Or you can earn points by referring friends to the Southwest card, doing category spend, shopping portal spend, or an actual flight. Again, be careful with the timing on ALL points earned.
Many of us are not eligible for any of the Southwest cards at all due to the 5/24 rule, or because you’re a current Southwest cardholder of any version or because you got a bonus within the past 24 months.
$75 Southwest Priority Credit
The new Southwest Priority card comes with a $75 annual Southwest travel credit which runs on the cardmember year, not the calendar year. No need to use it up now, specifically.
Sapphire Reserve
TheChase Sapphire Reserve card comes with a $300 travel credit (see what counts here). This used to be based on the calendar year, but now it’s based on the cardmember year – no specific need to use this now.
And if you’re applying for a new CSR card, there’s no special reason to apply before year’s end. Whenever you apply, you’ll get just one travel credit during the first year (maybe you can squeeze a second credit in right after the year renews).
Those who got the CSR before May 21, 2017, are grandfathered into the old system where the travel credit renewal goes with the calendar year. (It’s based on the December statement closing, not December 31.) Be sure you’ve already used up your credit for this year, and remember that you’ll soon be able to begin using 2020’s credit.
The Chase PYB 1.25 redemption categories ends on December 31, though they are likely to get extended.
Also, remember each quarter to use up your $15 in DoorDash credits.
Sapphire Preferred
The Chase Sapphire Preferred card comes with a $50 annual hotel credit via the Chase travel portal. This resets based on the cardmember year, not the calendar year.
Ritz-Carlton
The Chase Ritz-Carlton card offers up to $300 reimbursements for airline incidental charges (see what counts here). Chase counts the benefit based on the calendar year, not cardmember year. (It goes based on the actual calendar year, not based on your statements.) Use the credits before December 31 and begin using next year’s credit on January 1.
IHG Cards
The Chase IHG card gets a free night each year. This does not reset with the calendar year, it goes with your card anniversary.
IHG cards also have spending thresholds of $10,000, $20,000, or $40,000 to earn Gold/Diamond status for the following year and to earn 10,000 bonus points (and on the Premier $100 credit). These spend requirements go by the calendar year.
The IHG Premier personal and business cards get $25 in United TravelBank credit twice per year: one $25 United TravelBank gets deposited around January 5, and another $25 around July 5. Requires registration first.
Hyatt
The Chase Hyatt cards get a free night each year. These do not reset with the calendar year, it goes with your card anniversary.
The Hyatt Business card gets $100 in Hyatt credits each year. This is based on card anniversary.
United Quest
The United Quest card gets up to $125 in statement credits as reimbursement for United purchases. This goes based on the card anniversary year, not calendar year. The card also offers up to 10,000 miles back for award flight bookings. Again, this goes with the cardmember year, not calendar year.
Citi
Prestige
The Citi Prestige card comes with a $250 travel credit (see what counts here). The year resets on January 1st. Be sure to give a few days leeway for the charges to go from pending to settled.
If you have a Prestige card, use up the credit now, there’s only a few weeks remaining. The Prestige card is not available for new cardmember signups at this time.
Rewards+
The Citi Rewards+ card comes with a 10% rebate on redemptions, up to 10,000 points bonus per year. This is based on your December statement close. Be sure to max out your 100,000 points redemption before your December statement closes so as to get the full 10k bonus. Redemptions that post on your January statement will count toward next year’s allotment.
Expedia+ Voyager
Those who have the Citi Expedia+ Voyager card get $100 annual credit toward airline incidentals on qualified airlines, Wi-Fi carriers, or for the Global Entry application fee. This credit resets each calendar year; be sure to use it up before your December statement closes as any purchases on your January statement will count toward next year’s benefit.
AAdvantage Platinum Select
The Citi American Airlines AAdvantage Platinum Select card gets $125 American Airlines Flight Discount certificate after spending $20,000 or more during your credit cardmembership year (every 12 months from the billing cycle after your anniversary month through the billing cycle of your next anniversary month).
Citigold
Those with Citigold relationship status with Citibank get an annual credit of either $200 or $400 toward subscriptions for Amazon prime, Spotify, Hulu, TSApre/GE, and Costco membership. This credit renews at the end of the calendar year. Be sure to use up your allotment before December 30th.
US Bank Altitude Reserve
The US Bank Altitude Reserve card comes with a $325 annual travel and dining credit. In this case, the travel credit goes based on the cardmember year, not the calendar year. No specific reason to use this now.
Wells Fargo Propel World
The Wells Fargo Propel World card has a $100 airline incidental credit (see what counts here).This credit goes based on the cardmember year, not the calendar year. Check when you applied and be sure to use it up by your anniversary date.
Smaller Banks
CNB Crystal
The CNB Crystal card offers a $350 annual incidental charges (see what counts here). CNB counts this based on the calendar year. Any spend until December 31 will count as part of the current year, and January 1 begins the next year. Be sure to complete your spend before December 31. Give a few days for the charge to settle before year’s end (though it reportedly works on the last day too).
HSBC Premier
The HSBC Premier World Elite comes with $120 annual Lyft credit which is based on the calendar year. Be sure to use these up before December 31.
PenFed Pathfinder
The PenFed Pathfinder comes with $100 annual air travel ancillary credit (see what counts here). The credit is based on the calendar year, be sure to use yours before the year is up.
Inside: Do you want to know the legit ways on how to make 200 dollars fast? This guide will show you how to start working on fast money ideas. With tips on side hustles, online trading, and more, you’ll be able to build up a healthy bank account in no time.
Do you want to know the different ways to make 200 dollars in your leisure time? I bet you do! We all would like extra money in our pockets.
In an era of digitization, earning an extra $200 in your spare time has become more accessible.
Various online platforms offer numerous possibilities to gain this amount swiftly without any major investments or specialized skills. Utilizing these platforms can not only help you reach your financial goal but also provide you with an enjoyable experience.
Let’s delve into the uncomplicated and quick ways to make 200 dollars fast.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Best Ways to Make Money 200 Dollars Fast
Discover the best ways to earn 200 dollars quickly by enlisting and acquiring the necessary skills.
You don’t even need to start a business or learn new skills virtually if you need the following legit ways to make $200 fast.
Just to note, you will find many of these ideas to be similar to how to make 300 dollars fast.
1. Sell Things You No Longer Need
Want to declutter and make some quick cash, to the tune of 200 dollars?
Start selling your no-longer-needed items and hit your goal. This method perfectly fits for minimalists looking to clear out space, or parents whose kids frequently outgrow their clothes and toys.
For instance, selling gently used toys or clothes could net you $200 in no time. Who knew making money could be as easy as cleaning up?
Even better turn this into a money-making business by flipping items for a living.
2. Sell gift cards
Struggling to add cash to your wallet? Turn those neglected gift cards lounging in your drawers into quick money.
Convert idle (Gift Cards) money to tangible cash by listing and selling on sites like CardCash at a discounted rate.
Another option is to trade your gift cards (you won’t use them) into something you want (like Apple or Amazon). So, weigh your options wisely.
In fact, you can read my CardCash review on my personal experience trading in gift cards.
3. Take on freelance jobs
Let’s start harnessing our skills and take on freelancing jobs online. Freelancing offers a flexible and income-generating platform, perfect for anyone looking to make a quick buck.
It is an effective income hustle, proven by data-driven facts. Best yet, it’s not exclusive to professionals alone. As a beginner, freelance gigs can offer an excellent starting point.
To get started, build a solid profile on a freelance platform that best suits your skills. Offer your virtual skills by getting jobs done in freelancing and experience good compensation for your comfort zone through this job.
4. Get Paid to Travel by Housesitting
Immerse yourself in a world of four-legged friends, greenery, and cozy, well-furnished homes while your wallet gets a welcomed cash addition.
Housesitting is not just about watching homes; it includes pet sitting and dog walking. All you need to do is join such platforms at no cost, set your rates and hours, and voila, you’re earning money while sleeping.
Essentially make money in your leisure time while enjoying the companionship of adorable pets. Who knew earning extra money could indeed entail wagging tails and furry hugs by signing up with Trusted Housesitters?
5. Rent Out Your Spare Space
Do you have spare space gathering dust? Turn it into a $200 goldmine!
Rent your unused closet, driveway, or extra room and have a quick injection of cash. Websites like Neighbor and VRBO are ideal platforms where you can list and rent out these spaces.
Start by exploring the listings in your area, identify the market range, and list your space accordingly. The extra income is just a few clicks away.
Best suited for property owners with underutilized spaces, this idea can serve as a consistent source of income and isn’t just a one-time fix.
6. Participate in Focus Groups
Get ready to voice your opinion and earn 200 dollars instantly!
Focus groups can be your golden ticket to making a quick $200. From my personal experience, they are organized discussions run by companies eager to pay for consumer insights.
Follow these steps and you could be cashing in:
Start by signing up and participating in a focus group that typically involves finding a suitable event in your area.
Involve yourself with popular websites like Bestmark.
Once you start searching for focus groups, you are likely to be targeted with sponsored ads on Facebook that match up to your opportunities.
By participating in discussions, I have earned a range from $50 to over $200.
7. Babysitting is Great Money
Looking for a quick way to pad your wallet? Babysitting is the golden ticket.
This gig is ideal for teenagers, college students, or anyone with some free evenings or weekends who enjoys hanging out with kids and can tolerate the occasional tantrum.
Start marketing your talent by creating a profile on care portals like Sittercity. Having a certificate in CPR can increase your profile and give assurance to the parent looking for a babysitter.
Remember to start with your personal network. Friends, family, and neighbors are a great way to kickstart your babysitting journey. With a bit of effort, you could be earning in less than 24 hours.
8. Make Videos
Are you passionate about making your own video or editing someone’s video to earn an incredible 200-dollar quickly? Jumpstart your day by hitting each click on your computer and adding sound effects on various kinds of videos on any social media.
You can also monetize your own videos by becoming a YouTube vlogger content creator and signing up for the YouTube Partner Program.
With an incredible shift to a remote life, you can now instantly earn from making your own videos through ad sponsorship, brand affiliation, and paid subscription on any application.
9. Get a Side Hustle
Engage yourself in a side gig, a savvy way to rake in cash promptly. Side hustles harmonize best with go-getters seeking financial flexibility or pursuing dreams outside the 9-to-5 grind.
Kickstart your hustle journey with free webinars or training. These platforms provide insights into key strategies and the nitty-gritty of the field.
Get cracking now to transform your monetizing dreams into reality!
Very popular are these side hustles for men. Or especially these side hustles for college students!
10. Online trading with Stocks and Options
Trading stocks and options emerge as a financial adrenaline rush, providing a swift track to earning money. You can convert spare moments into potential cash gains with just a few clicks.
Expert tips include starting with research, practicing with a simulation trading account, and diversifying your portfolio to mitigate risks.
The journey to online trading success begins with educating yourself. You must participate in a free investing webinar to undergo training to grasp trading basics, understand market trends, and form your strategy.
Check out how I learned to trade stocks and options with this Trade and Travel review.
Trade & Travel
Learn to trade stocks with confidence.
Whether you want to:
Retire in peace without financial anxiety
Pay your bills without taking on a side hustle
Quit your 9-5 and do what you love
Or just make more than your current income….
Making $1,000 every.single.day is NOT a pie-in-the-sky goal.
It’s been done over and over again, and the 30,000 students that Teri has helped to be financially independent and fulfill their financial dreams are my witnesses…
11. Take Up a Part-Time Job
Eager to fill your pockets a bit more, huh? Part-time jobs are your key to fast cash without compromising your ‘me-time’.
A part-time job supplements your primary income, leaving your piggy bank a bit heavier. Where you get to choose the timing that fits around your primary commitments.
Honestly, some of the best part-time jobs are actually low-stress jobs after retirement. You don’t need to wait for extra money. So, go get that financial freedom and earn more than just the minimum.
12. Yard Sale
Hosting a yard sale is a nonchalant trick to amass cash swiftly. It’s your winning lottery ticket staring at you from your cluttered garage floor.
Kick-off by hosting it on Friday or Saturday, when shopping spirits fly high! If your neighborhood or city has a date set for a community garage sale or jackpot, you’ll be swimming in extra traffic.
Don’t hesitate to unleash your inner salesperson, but remember, no rule binds you to wait for an event to rake in cash.
Remember, yard sales are your fast lane to quick money, and with these tips, you’re ready to speed!
13. Make Money with Your Collectibles
Turn your old favorite collection of Pokemon cards or Beanie Babies into a treasure chest waiting to be unlocked.
This money-making method is perfect for those who have carefully amassed certain collectibles over time. Sign up for eBay now and enlist your collectibles, antiques, and merch items to earn from it.
Want to kickstart your financial journey with collectibles? Find the most popular items to flip as well as insights on what to look for.
14. Collect and sell items from the trash
It’s time to transform your everyday trash into a hefty stash of cash! Collecting recyclable trash can be turned into a worthwhile moneymaker.
Start by saving cans, bottles, or scrap metal that you’d usually throw away. Then, locate a local recycling center that’s willing to pay for these items – the prices may surprise you!
This method is great for anyone willing to invest a little time and energy, particularly those who are environmentally conscious and eager to declutter. Perfect job for those who are frugal green.
Think about it, that old toaster might just be your next treasure trove! You may even find some highly valuable items in the trash to flip!
15. Sell Used Clothing
Selling used clothing is a clever and straightforward way to turn spare time into real cash.
Remember, a vibrant description for your clothes will attract buyers, so play up any unique or high-quality aspects of your garments.
Fashion enthusiasts want to earn a quick buck on the side. Begin by taking a charming picture of your clothes and posting it to Facebook Marketplace and ThredUp.
16. Do Social Media Marketing
Welcome to the era of making money by simply being social media savvy. Transform your digital skills into quick cash through Social Media Marketing.
Explore the digital world that awaits with all of the social media platforms. You can create engaging content while responding to the readers.
Take your skills to the next level, consider enriching your knowledge via a free webinar or online training.
This is an easy job that pays more than $25 an hour.
17. Sell Printables on Etsy
Do you love making creative paintings and printable designs? Imagine, your beautifully designed chore chart or a fascinating word puzzle bringing joy to scores of customers.
You can dive into this free training to jumpstart your side hustle. This method is a sure-shot hit for you.
Find out which digital products to sell on Etsy.
18. Invest in Cryptocurrencies
Do you have extra money in savings in your account and don’t know where to invest it?
Since 2008, cryptocurrency has taken the world by storm. Known for its decentralizing nature and secured by cryptography, it’s no regular dough.
Turn the tides in your favor and download an investment app to make your $200 grow faster. Consider taking a free webinar or training for a crash course.
You see, investing in cryptocurrencies is not a heavy-duty task. With the right smarts and patience, you can ride the next crypto wave!
19. Get Paid to Click
Among the numerous ways to earn an extra $200, getting paid to click is a simple and fun method.
Websites provide users with the opportunity to earn money through ‘pay to click’ surveys or rewarding viewers for ad consumption. Additionally, apps such as Survey Junkie and Swagbucks allow you to earn money by taking surveys, participating in focus groups, or simply navigating the web.
Each user generally earns from a few cents to a dollar per click. With patience and consistent effort, you can gradually accumulate your earnings to reach your $200 target.
Here are the top legit survey platforms:
20. Check Out Cashback Apps
Earn a cashback every time you shop at your favorite retail store or online.
Start off by signing up for apps like Dosh, Fetch, Rakuten, and Ibotta which offer bonuses just for signing up.
Lastly, apps like Acorns or CoinOut provide cash back on everyday shopping, even rounding up your purchases to add a bit more to your savings.
21. Do Odd Jobs as a TaskRabbit
Wanna earn cash quickly? Sign up and do freelance labor with TaskRabbit.
This user-friendly job marketplace connects people in need of task assistance with capable individuals willing to complete the tasks for a fee. It offers a diverse array of tasks, from assembling furniture and helping with moves to painting, yard work, and minor home repairs.
Just by performing various tasks, such as events staffing, running errands, or crafting. With the average TaskRabbit making double the minimum wage, this might be the gig for you.
TaskRabbit
Find local jobs that fit your skills and schedule.
With TaskRabbit, you have the freedom and support to be your own boss.
Plus set your own rates!
Get Started
22. Earn Money with Your Knowledge
Using your personal set of skills is a major advantage in freelancing platforms such as Fiverr, Upwork, and Freelancer.com.
Be it graphic design, content creation, SEO mastery, or even web development, you can monetize these proficiencies directly from your home. Data shows a significant growth in the gig economy over the past decade, suggesting a flourishing potential for remote work and online income generation.
Remember, your vast knowledge pool is your strength here. So, focus on what you’re best at, and let the money flow in.
Indeed, by effectively marketing your skills, pulling in a sum over $200 within a few hours is achievable. Remember to value your work appropriately and not devalue your aptitude just to land a job.
23. Tutoring
Online tutoring provides plenty of diverse opportunities in various subjects beyond just English. You can choose to specialize in specific topics and decide to tutor students of different age groups – from young children to college students.
Platforms like VIPKID and Magic Ears allow qualified tutors to offer virtual classes, specifically in the English curriculum for kids aged 4-12 years.
Tutors are usually compensated with payments ranging from $7 – $9 per class or up to $25 or more per hour. Also, you can increase your rate once you gain experience and build a reputation as a tutor. With in-person tutoring, you can expect to earn $20 an hour or more.
24. Petsitting
Looking for a quick way to make $200 fast? If you’re an animal lover, offering pet-sitting services isn’t just enjoyable, but also quite profitable.
Simply sign up with platforms like Rover, you can possibly get paid two days after service completion and you can always set your own rates. Just by walking the dog from house sitting.
Fun fact: Dog sitters often earn up to $50 a day. This is flexible and enjoyable work that could definitely help you reach your $200 target quicker than you’d imagine!
Rover
Get paid to play with pets!
Rover makes it easy and promotes you to the nation’s largest network of pet owners.
Earn money doing something you love.
Become a Sitter
25. Collect Scrap Metals and Junk
One man’s trash is indeed another man’s treasure.
Thinking of ways to earn quick cash? Consider collecting scrap metals and junk. This simple but profitable task can be done by anyone, with no particular set of skills necessary. All you need are keen eyes, a truck, and, admittedly, a little bit of strength to do the following:
Identify Metals: Start by identifying the most valuable metals – brass, copper, and aluminum.
Collect: Gather your metals, either from your home or by browsing local dumps. Remember, one man’s trash can be another man’s treasure.
Sell: Locate a local scrapyard and sell your haul at a fair price.
Keep in mind that patience is key; you might start with just $100 a day, but with experience, this can increase to a lucrative $500 a day!
26. Cash Out Your Coins
Are you sitting on a pile of coins? Maybe it’s time to cash them out. Here’s how:
Gather all your change together. Check under the sofa cushions, in car cup holders, and even in the bottom of your bag.
Take your coins to a coin-counting machine. These can be found at many grocery and department stores as well as your local bank.
Deposit these coins in a savings bank.
Expert Tip: Many banks provide free coin-counting services to their customers. Save on the counting machine charges by using these instead.
27. Run A Dropshipping Business
Dropshipping is a retail fulfillment method where you sell products without ever handling the inventory. This side hustle could potentially make you a quick $200 if executed strategically. Ready to dive in?
To level up, consider enrolling in free webinars on sites like Skillshare or free dropshipping training programs like Oberlo 101. This method is most suitable for those game to learn the ins and outs of online retail business and are ready to deal with customer interactions.
Remember, selling high-demand items will turn a quicker profit!
28. Do Micro Tasks
Looking to make cash fast? Turn your spare time into cash by capitalizing on microtask websites and get paid for completing simple jobs!
This method is particularly effective for those with meticulous attention to detail and those who can afford to spend some time on basic tasks such as data entry, data verification, information sorting, and transcription.
Microtasking might not be a golden goose, but it sure can help you accrue $200 surprisingly fast. The beauty of this hustle is in its simplicity, making easy money with minimal to no investment.
29. Find Sign-Up Bonuses
Did you know that many banks and credit companies offer sign-up bonuses as a strategy for attracting new clients?
For instance, some banking promotions in the United States can offer bonuses of up to $300 in total value when you sign up for a new account or credit card. Also, there are several credit cards that provide bonuses ranging from $500 to $800 or more, simply for registering and spending a defined amount within a specific timeframe.
Some cards, such as Chase Sapphire Preferred, offer lucrative rewards like a $1,000 bonus after a spend of $4,000 in the first 3 months.
It’s definitely rewarding to explore these possibilities to supplement your income, but it’s crucial to maintain a good credit score and commit to paying off your balance monthly to avoid any interest charges.
30. Cash Advances
Cash advances offer a rapid solution, but it’s essential to use them wisely.
Basically, a Cash advance is an advance on your next paycheck, and yes, it’s a viable way to get your hands on some quick cash. Also, some budget apps like Chime offer this service automatically.
Keep in mind, though, it’s an advance and not additional income. So, plan your expenses wisely and make it count!
FAQ
If you’re on a quest to make $200 as fast as possible, we’ve got your back. From selling items you own to completing quick gigs online, there is a plethora of opportunities out there for everyone.
For example, suppose you’re handy at a skill – be it haircuts, car repairs, pet sitting, or painting. You can start by offering your services to people in your neighborhood.
Or, if you’re the digital savvy type, consider selling items you no longer need on online platforms such as Facebook Marketplace or Craigslist. You’d be surprised at how quickly you can make money from items collecting dust in your home.
Ultimately, make sure you choose a fast money-making plan that aligns with your skills, interests, and resources. Go forth and rake in that cash.
If you need to make $200 today, you have a range of options at your disposal.
You can try different online strategies, including participating in online surveys, offering your skills on freelance platforms, or even reselling items online. While many people will sell the idea of a blog to make money, that is not a way to make money today.
Remember, the key is to zone in on tasks that require minimal effort but offer swift returns; these could include grandma sitting, dog walking, or even participating in online offers and promotions.
To kick-start your financial venture, locate valuable items in your home that you no longer need. Your dusty old guitar or that once-loved designer handbag could do the trick. Sell these items on widely used platforms such as Craigslist or Facebook Marketplace for instant cash.
Also, in the digital age, skills are an asset. Offering your skills on platforms like Fiverrcan turn your talents into quick cash. Don’t underestimate the power of quick gigs!
Tapping into the world of free sign-up bonuses can also fill your wallet quickly. Or even participating in a paid focus group!
If you need to make $200 quickly, there are several tried and tested methods. You could start by driving for Uber or Lyft for the evening during a concert.
My preferred method is trading options in the stock market. While this one is a skill, I developed over time. It has proved to be a tried and true method for me to make $200 in a few hours.
Time to Get 200 Dollars Instantly
By reading this article, you have learned and discovered the most effective ways to earn $200 quickly.
In order to have quick success, here are tips to help you out:
Sign up for a complimentary training or webinar that focuses on effective and proven methods of earning money swiftly.
Learning from other’s experiences can certainly save you some trial and error.
Ensure these training modules offer you practical skills and insights rather than just theory. Real-world applications of these strategies are what will help you rake in some quick cash.
Remember, your motivation and dedication are as important as the information and tools you acquire.
If you are looking to make a little bit more, check out how to make 500 dollars fast. Or even how to make 2000 fast!
Know someone else that needs this, too? Then, please share!!
The difference between the two travel cards mostly comes down to basic math: As a mid-tier travel card, the Sapphire Preferred has a$95 annual fee, but the Venture X is considered a premium travel card — and has the hefty price tag to match. The Venture X certainly delivers when it comes to luxury perks, but the card won’t be the right choice if you won’t make use of any of those benefits, or aren’t willing to pay for them.
Here’s how to decide between the Chase Sapphire Preferred® Card and Capital One Venture X Rewards Credit Card.
At a glance
How the cards compare
Capital One Venture X Rewards Credit Card
Chase Sapphire Preferred® Card
on Chase’s website
Annual fee
Welcome bonus
Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel.
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®.
Rewards
10X miles on hotels and rental cars booked through Capital One Travel.
5X miles on flights booked through Capital One Travel.
2X miles on all other purchases.
Earn 5X points on travel purchased through Chase Ultimate Rewards®, excluding hotel purchases that qualify for the $50 annual Ultimate Rewards® hotel credit.
Earn 3X points on dining, including eligible delivery services, takeout and dining out.
Earn 3X points on online grocery purchases (excluding Target, Walmart and wholesale clubs).
Earn 3X points on select streaming services.
Earn 2X on travel purchases not booked through Chase Ultimate Rewards® .
Earn 1X per dollar spent on all other purchases.
Extra benefits
$300 annual credit for bookings through Capital One Travel.
$100 credit for Global Entry or TSA PreCheck.
Get 10,000 bonus miles (equal to $100 toward travel) every year, starting on your first anniversary.
Every year, earn bonus points equal to 10% of your total purchases made the previous year.
Up to $50 in statement credits each account anniversary year for hotel stays purchased through Chase Ultimate Rewards.
Still not sure?
Why Chase Sapphire Preferred® Card is better for most people
Lower annual fee
Annual fees for credit cards aren’t inherently bad, and in most cases the more you pay, the more you get. Still, forking over a large fee for a travel card can be a tough pill to swallow. The annual fee for the Chase Sapphire Preferred® Card is several hundred dollars less than the Venture X’s. And when you consider how much value you get for the Chase Sapphire Preferred® Card and its $95 annual fee, many people will find it hard to justify paying hundreds more for another travel credit card.
Better transfer partners
Transfering points to a partner airline or hotel is one of the best ways to squeeze more value out of them. While Chase has fewer transfer partners than Capital One, most travelers will find Chase’s to be more attractive. For example, only Chase partners with United and Hyatt, and Hyatt boasts perhaps the best transfer value at 2.3 cents per point, according to NerdWallet’s analysis.
Capital One also boasts an array of airline and hotel transfer partners, but they are largely foreign brands. Savvy travelers can find outsize value from Capital One’s partners, but many travelers will find Chase’s options more accessible.
Full list of Chase transfer partners
Aer Lingus (1:1 ratio).
Air Canada (1:1 ratio).
Air France-KLM (1:1 ratio).
British Airways (1:1 ratio).
Emirates (1:1 ratio).
Iberia (1:1 ratio).
JetBlue (1:1 ratio).
Singapore (1:1 ratio).
Southwest (1:1 ratio).
United (1:1 ratio).
Virgin Atlantic (1:1 ratio).
Hyatt (1:1 ratio).
InterContinental Hotels Group (1:1 ratio).
Marriott (1:1 ratio).
Full list of Capital One transfer partners
Aeromexico (1:1 ratio).
Air Canada (1:1 ratio).
Air France-KLM (1:1 ratio).
Avianca (1:1 ratio).
British Airways (1:1 ratio).
Cathay Pacific (1:1 ratio).
Emirates (1:1 ratio).
Etihad (1:1 ratio).
EVA (2:1.5 ratio).
Finnair (1:1 ratio).
Qantas (1:1 ratio).
Singapore Airlines (1:1 ratio).
TAP Air Portugal (1:1 ratio).
Turkish Airlines (1:1 ratio).
Accor (2:1 ratio).
Choice Privileges Hotels (1:1 ratio).
Wyndham Rewards (1:1 ratio).
Broader rewards structure
The rewards structure on the Chase Sapphire Preferred® Card makes the card more suited for everyday spending than the Venture X. The latter has the potential to earn up to an eye-popping 10x on travel, but you’ll have to book that travel through the Capital One portal. The card earns a respectable 2x on everything.
With the Chase Sapphire Preferred® Card you’ll earn 3x points on dining, including delivery services and takeout; streaming services; and online grocery purchases. If your spending habits sync with the Sapphire Preferred’s rewards structure, you’ll be able to effortlessly rack up points to pay for your next vacation.
🤓Nerdy Tip
By adding another no-fee card or two to your wallet, you can create a Chase Trifecta and supercharge your Ultimate Rewards® earnings. The Chase Freedom Flex℠ earns 5x up to $1,500 per quarter in rotating bonus categories when you activate (1x on everything else), plus 3x at drugstores.
Points worth 25% more
As major card issuers, both Chase and Capital One have their own travel portals through which cardholders can book flights, hotels and car rentals. However, Chase’s Ultimate Rewards® travel portal offers slightly better value. Points are worth 1.25 cents each when used to book through Chase while one Capital One mile is worth 1 cent.
Who might prefer the Capital One Venture X Rewards Credit Card
You want lounge access
True to its classification as a premium travel card, the Venture X grants its cardholders and two guests unlimited access to more than 1,000 airport lounges including Priority Pass lounges and Capital One lounges.
If you want lounge access but prefer Chase’s lineup of credit cards, your only option is the $550-annual-fee Chase Sapphire Reserve®.
You like Capital One’s travel portal
Booking travel through Capital One’s portal is the best way to offset most of the Venture X’s annual fee. Cardholders will receive a $300 annual credit toward travel expenses, which can be used in a single transaction or across multiple purchases. If you don’t mind booking through the portal, the $300 credit plus the 10,000 anniversary points you’ll get each year you renew (worth $100) will cover the entire annual fee of the card.
The Chase Sapphire Preferred® Card offers an annual credit, too, but it’s $50 and only good for hotel bookings through the Ultimate Rewards® portal.
You want trusted traveler program credit
Skipping the line in a crowded airport can be a huge perk, and Capital One Venture X Rewards Credit Card cardholders get a $100 credit for Global Entry or TSA PreCheck. The Chase Sapphire Preferred® Card offers no such reimbursement. Note, though, that you must pay for the Global Entry or TSA PreCheck fee with the Venture X card, and the $100 credit renews every four years, not annually.
Which card should you get?
The Chase Sapphire Preferred® Card, with its reasonable annual fee, top-tier travel partners and access to Chase’s travel portal, is the perfect entree into the world of travel credit cards. Plus, the $95 annual fee can be partly recouped by redeeming the hotel travel credit. Only if you’re after luxury perks and are comfortable paying a triple-digit annual fee should you commit to the Capital One Venture X Rewards Credit Card.
You’ve done your research, checked your credit reports to make sure they’re accurate, and you’re ready to get serious about buying a car. You feel more than ready to sign on the dotted line and drive home in your new ride.
It could happen. Or, you could drive home in your old vehicle, kicking yourself for having forgotten one of the documents you need to finalize the purchase. Here’s how to lay the groundwork for getting the deal done on the day you’re ready to buy.
Four Steps to Prepare to Buy a Car
Step 1:
You’ll want to talk to your insurance agent about what it will cost to insure the make and model you are considering buying. You don’t want that figure to be a surprise, and you also want to find out how soon you will need to notify your insurer you have the new vehicle.
Step 2:
Talk to your bank or credit union and get pre-approved for the loan you’ll need—and do this close to your planned purchase date. You may get something resembling a blank check (up to a certain maximum) that must be signed by you and the dealer. By getting pre-approved, you will know the total loan amount and interest rate you qualify for. Even if you plan to finance at the dealer, it can’t hurt to come in with a pre-approval; you are far less likely to agree to a longer term or higher interest rate because you really want to drive that new car home today. It can also help you stay within your budget by serving as a solid reminder of how much you planned to spend and how long you were willing to make payments — before the showroom floor made it so hard to remember.
Get matched with a personal
loan that’s right for you today.
Make sure you have your driver’s license and proof of auto insurance with you. You shouldn’t be driving without these documents anyway.
Step 4:
Obvious as this seems, be sure you have a way of funding your down payment. If it’s not cash, make sure the dealer accepts the form of payment you’re planning to use. (If you forget to do this, you would not be the first, but that would be little consolation.)
Expert Tip: Be cautious about having your credit pulled unnecessarily. Each inquiry made for the purpose of extending credit can cause a small, temporary decrease in your credit score. And while inquiries for the purpose of getting a car loan made in a two-week period should count as only one entry, we’ve heard from consumers who have told us their credit scores dropped as the result of multiple auto loan inquiries. Some dealerships now ask customers to fill out a credit application even before a test drive, and there are reports that some have checked credit without customer consent. It can help to keep an eye on your credit through this process for this reason. Hard inquiries into your credit require permission, and it can be illegal for your credit to be pulled without your approval in this manner. You can get a credit report summary and two credit scores, updated monthly for free on Credit.com, to track your standing.
Can You Purchase a Car with a Credit Card?
Speaking of your down payment, you may have wondered if this can be charged to a credit card — or if the entire car can be paid that way. The answer is yes and no. It is possible that the dealership will not accept a credit card payment for the car, as this can come with large merchant fees that lower their profits. However, if your credit is in good standing, then it is still possible.
A better option would be to use your credit card for just the down payment. Not only is this better for your credit, since using all of your available $10,000–$15,000 credit limit can damage your credit score, but it’s more likely to be accepted by the dealer.
Finally, you’ll want to use a credit card that has excellent benefits. An appropriate credit card can earn you big rewards on your car purchase or other auto-related purchases. We have given you a couple examples of worthy rewards cards below.
Planning to Trade In Your Car? Don’t Forget These Items for the Dealership
If you plan to trade in a car, you have a bit more to do.
You will need to bring the following items to the dealership:
Your car’s certificate of title (If it has gone missing, your state department of motor vehicles can tell you how to get it replaced.)
The car’s current registration
Your car keys and the owner’s manual
Your account number or a payment stub if you still have a car loan (We’re going to hope that if this is the case, your car is worth more than you owe.)
A clean car, paying special attention to areas out of sight but convenient for stashing things: under seats, over the visors, in the glovebox and in every corner of the trunk
Besides a new car, expect to come home with a good bit of paperwork. Pay special attention to the purchase and sale agreement. You will need the information there to get or update your insurance — and you might even need it at tax time next year if you bought a car that qualifies for a tax credit.
What Do I Need to Apply for an Auto Loan?
While you won’t need to drive all the way to a dealership to get an auto loan (you can simply apply online), you will still need some important documents in front of you to easily fill out the application.
What do you need?
Proof of identity through an ID or passport
Your credit report, which the lender can pull using your name, address, date of birth and social security number
A valid state-issued driver’s license
Proof of monthly income through pay stubs or social security income receipts
Proof of residence through mortgage statements or utility bills
Contact information for personal references (note: this may not be required)
Vehicle make and model
Proof of car insurance
Payment type (cash, credit, debit, etc.)
Your car’s registration if you are trading in the vehicle
The list is rather long, but having each document will speed up the process and prevent you from going back and forth between your files.
Get Your Auto Loan and Car with the Help of Credit.com
Make sure that you can qualify for an auto loan by checking your free credit score, provided through Experian. From there, you can apply for your auto loan with confidence and compare credit cards that can help you finance your new car.
Frequently Asked Questions
Will my credit rating affect my auto insurance rates?
You should choose auto insurance coverage based on your credit rating and overall coverage needs. Check out Credit.com for car insurance quotes and to compare rates.
How can I find a credit card with a low interest rate to charge my car purchase?
We don’t recommend that you put your entire purchase onto your credit card, but there are cards with low APR or no APR for up to 15 months available to compare. If you can pay off the remaining balance during this period, then these credit cards may be for you.
How good should my credit be to get a credit card that is appropriate for a car purchase?
You mentioned that hard inquiries can affect my credit score. What is a hard inquiry?
A hard inquiry is a credit check that indicates you have applied for credit, usually through a loan. Each time a hard inquiry is pulled from a different lender, your credit score can drop by up to 10 points, because it indicates that a lender has reviewed your credit and that you are trying to open up a new line of credit.
Note: At publishing time, the Chase Sapphire Preferred® Card and American Express Green card are offered through Credit.com product pages, and Credit.com is compensated if our users apply and ultimately sign up for this card. This content is not provided by the card issuer(s). Any opinions expressed are those of Credit.com alone, and have not been reviewed, approved or otherwise endorsed by the issuer(s).
Note: It’s important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.
For most people, the Chase Sapphire Preferred® Card is a better starting point in the travel rewards market. (There’s a reason NerdWallet describes it as “nearly a must-have for travelers.”) It offers higher rewards earnings on everyday purchases, and those rewards carry a 25% higher redemption value when used to book travel through the Chase travel portal. That’s a lot of value for a modest annual fee of $95.
The Platinum Card® from American Express is marketed as a premium travel card. Its rewards earning rates focus on select travel spending, and it carries more luxury benefits, including lounge access, high-end fitness, shopping and hotel credits. However, those premium benefits come with a premium annual fee of $695 — a hard cost to justify for many people.
Here’s a side-by-side comparison so you can decide which card is right for you.
How the cards compare
Chase Sapphire Preferred® Card
on Chase’s website
The Platinum Card® from American Express
Annual Fee
Welcome offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®.
Earn 80,000 Membership Rewards® Points after you spend $8,000 on purchases on your new Card in your first 6 months of Card Membership.
Terms apply.
Rewards
5 points per $1 spent on all travel purchased through Chase Ultimate Rewards®.
3 points per $1 spent on dining (including eligible delivery services and takeout).
3 points per $1 spent on select streaming services.
3 points per $1 spent on online grocery purchases (not including Target, Walmart and wholesale clubs).
2 points per $1 spent on travel not purchased through Chase Ultimate Rewards®.
1 point per $1 spent on other purchases.
Through March 2025: 5 points per $1 spent on Lyft.
Points are worth 1.25 cents apiece when redeemed for travel through Chase Ultimate Rewards®.
5 Membership Rewards points per $1 spent on flights booked directly with airlines or with American Express Travel.
5 points per $1 spent on prepaid hotels booked through American Express Travel.
2 points per $1 spent on other eligible travel booked through AmEx.
1 point per $1 spent on all other purchases.
Other benefits
A $50 annual credit on hotel stays purchased through Ultimate Rewards®.
Each account anniversary, cardmembers will earn bonus points equal to 10% of total purchases made the previous year.
1:1 transfer partners, including United, Southwest, JetBlue, Marriott and Hyatt.
$200 annually for airline incidentals, like bag fees, on one designated airline when you enroll.
$200 annually for prepaid hotel bookings through American Express Travel at more than 2,000 hotels. (Fine Hotels and Resorts or The Hotel Collection properties.)
$189 annually for Clear membership.
$100 statement credit every 4 years for a Global Entry application fee or a statement credit up to $85 every 4.5 years for a TSA PreCheck when charged to your card.
1:1 transfer partners, including Air Canada, Air France, British Airways, Delta and Virgin Atlantic.
Terms apply.
Lounge access
Access for you and 2 guests to over 1,400 lounges worldwide from partners including Priority Pass and Plaza Premium Group. Terms apply.
Access to over 40 American Express Centurion and Escape lounges. Terms apply. Fees may apply for guest access.
Foreign transaction fee
Still not sure?
Why the Chase Sapphire Preferred® Card is better for most people
Lower annual fee
The Chase Sapphire Preferred® Card packs a lot of punch in terms of travel rewards value, all with a manageable $95 annual fee. Compare that with The Platinum Card® from American Express’s eye-popping $695 annual fee — an intimidating figure for many travelers. While the Amex Platinum does advertise a wide range of travel and shopping credits to offset that fee, taking full advantage of those benefits can be burdensome.
More value, more dometic transfer partners
When using your points to book travel through the issuer’s portal, Chase Ultimate Rewards® are more valuable. Points earned from the Chase Sapphire Preferred® Card are worth an impressive 1.25 cents per point. That’s an outsized value compared with the American Express travel portal, where Membership Rewards points are redeemed at one cent per point on flights and certain hotel bookings. Other hotel bookings made through AmEx carry a value of 0.7 cent per point.
Plus, Chase’s transfer partners include several well-known domestic airlines and hotel brands, offering easy accessibility for points redemption. American Express offers more transfer options than Chase, and savvy travelers can find outsized value for their points. But AmEx’s transfer partners are primarily foreign airlines, making Membership Rewards points more challenging to transfer for U.S.-based domestic travelers.
Full list of Chase transfer partners
Aer Lingus (1:1 ratio).
Air Canada (1:1 ratio).
Air France-KLM (1:1 ratio).
British Airways (1:1 ratio).
Emirates (1:1 ratio).
Iberia (1:1 ratio).
JetBlue (1:1 ratio).
Singapore (1:1 ratio).
Southwest (1:1 ratio).
United (1:1 ratio).
Virgin Atlantic (1:1 ratio).
Hyatt (1:1 ratio).
InterContinental Hotels Group (1:1 ratio).
Marriott (1:1 ratio).
Full list of AmEx transfer partners
Aer Lingus (1:1 ratio).
AeroMexico (1:1.6 ratio).
Air Canada. (1:1 ratio).
Air France/KLM (1:1 ratio).
ANA (1:1 ratio).
Avianca (1:1 ratio).
British Airways (1:1 ratio).
Cathay Pacific (1:1 ratio)
Delta Air Lines (1:1 ratio).
Emirates (1:1 ratio).
Etihad Airways (1:1 ratio).
Hawaiian Airlines (1:1 ratio).
Iberia Plus (1:1 ratio).
JetBlue Airways (2.5:2 ratio).
Qantas (1:1 ratio).
Qatar Airways (1:1 ratio).
Singapore Airlines (1:1 ratio).
Virgin Atlantic Airways (1:1 ratio).
Choice Hotels (1:1 ratio).
Hilton Hotels & Resorts (1:2 ratio).
Marriott Hotels & Resorts (1:1 ratio).
Better earnings rates on everyday spending
Both cards earn 5x per $1 spent on travel booked through their travel portals, but the Chase Sapphire Preferred® Card is the clear winner for everyday spending. It earns 3x on dining, streaming services, and online grocery purchases (excluding Walmart, Target and wholesale clubs), while the Amex Platinum earns 1x in each of those categories. Terms apply.
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Sign up with NerdWallet to get a full picture of your spending and personalized recommendations for cards that will help you see the world.
Why you might want The Platinum Card® from American Express
Lounge access
In this category, there’s no competition. If airport lounge access is a high priority, you’ll be best served by The Platinum Card® from American Express.
Where the Chase Sapphire Preferred® Card offers no lounge access, the AmEx Platinum is known for its top-notch airport lounge benefits, including access to over 1,400 lounges in more than 500 airports worldwide. Those include more than 40 American Express Centurion and Escape lounges, and additional access through partners like Priority Pass and Plaza Premium Group. Terms apply.
Booking with the airline
When it comes to booking flights, experienced travelers know that the way you book can make a big difference in the ease of changing or canceling your plans. So while both the Chase Sapphire Preferred® Card and Amex Platinum offer 5 points per dollar spent on flights booked through their respective travel portals, The Platinum Card® from American Express has a leg up in offering that same earnings rate for flights booked directly through the airline. Terms apply.
The Sapphire Preferred, on the other hand, offers the 5x points rate only if you book your flights through the Chase travel portal. That can pose a problem in the event of a weather delay, cancellation, or any other trip interruption.
The prestige factor
Both cards are metal, but The Platinum Card® from American Express carries a certain luxury gravitas that the Chase Sapphire Preferred® Card can’t compete with — and doesn’t try. That prestige has some cash value, too. When used correctly, the card’s luxury perks add up quickly to help offset its eye-popping annual fee. When you enroll, those include statement credits of up to $300 per year toward an Equinox gym membership, $50 twice per year at Saks Fifth Avenue, $200 per year in Uber cash ($15 per month plus an extra $20 in December), and $200 a year for prepaid hotel bookings through The Hotel Collection or Fine Hotels + Resorts properties, just to name a few. Terms apply.
However, if these benefits don’t match your lifestyle, you’ll be paying mostly for the cachet of pulling the famous platinum card out of your wallet. Only you can decide how much that prestige is worth.
Which card should you get?
The Chase Sapphire Preferred® Card and The Platinum Card® from American Express are two of the best travel rewards cards on the market, but they have different strengths and weaknesses. Chase Sapphire Preferred® Card is a great choice for travelers who want a card with a low annual fee and great rewards for everyday spending. The Amex Platinum may be the better choice for frequent travelers who value lounge access and luxury benefits — but given the card’s steep $695 annual fee, it’s important to make sure you can take full advantage of all those benefits before you sign up.
To view rates and fees of The Platinum Card® from American Express, see this page.
Rewards optimizers use the term “trifecta” to describe a combination of three credit cards from one issuer that have complimentary benefits. When combined, the cards create a rewarding synergy that helps you earn more points and get more value out of your redemptions.
Chase and American Express offer popular trifecta combinations for people seeking travel rewards. While you can mix and match different cards to create an optimal trifecta based on your spending habits, there is a recommended combination for each issuer.
In a head-to-head showdown, the Chase trifecta comes out ahead for most people — you’ll pay significantly less in annual fees, get easier-to-use travel credits, rewards and travel partners, and have broader acceptance around the world. The Chase trifecta is also more accessible for people who don’t qualify for a small-business credit card.
At a glance
Here’s a look at the rewards-earning rates for each trifecta. (For details about specific benefits and statement credits offered by each card, check out the individual review pages linked above.)
Chase trifecta
AmEx trifecta
Rewards earning rates
Chase Sapphire Reserve®:
10 points per dollar spent on hotels and car rentals booked through Chase and Chase Dining purchases.
5 points per dollar spent on flights booked through Chase.
3 points per dollar spent on travel and dining.
1 point per dollar on all other spending.
Chase Freedom Flex℠:
5% cash back on up to $1,500 in combined purchases each quarter on bonus categories that you activate (1% back after).
5% back on travel booked through Chase.
3% back at restaurants and drugstores.
1% back on all other non-bonus-category spending.
Chase Freedom Unlimited®:
5% back on travel booked through Chase.
3% back at restaurants and drugstores.
1.5% on all other spending.
The Platinum Card® from American Express:
5 points per dollar for flights booked directly with airlines or through AmEx Travel (on up to $500,000 per calendar year, then 1x).
5 points per dollar for prepaid hotels booked with AmEx Travel.
1 point per dollar on all other purchases.
American Express® Gold Card:
4 points per dollar at restaurants, including takeout and delivery in the U.S.
4 points per dollar at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1x).
3 points per dollar on flights booked directly with airlines or through AmEx Travel.
1 point per dollar on all other purchases.
The Blue Business® Plus Credit Card from American Express:
2 points per dollar on the first $50,000 in purchases per calendar year (then 1x).
Terms apply.
Overall annual fees
$945. Terms apply.
Why the Chase trifecta is better for most people
Lower annual cost
The collective annual cost of the Chase trifecta is $550, with the Chase Sapphire Reserve® having the only annual fee.
That’s 42% cheaper than the $945 annual cost of the AmEx trifecta, which includes annual fees of $695 on The Platinum Card® from American Express, $250 on the American Express® Gold Card and $0 on The Blue Business® Plus Credit Card from American Express.
Sure, the AmEx trifecta offers hundreds of dollars worth of coupon-book style credits for services like Uber and Walmart+ that can help offset the higher annual cost. But the catch is that many of these credits are limited in scope: the $240 annual entertainment credit, for example, is doled out in $20 monthly increments and applies to a handful of entertainment subscriptions only. You may have to go out of your way to optimize the potential value of the credits.
Easier-to-use travel credits
The Chase Sapphire Reserve® comes with a $300 annual travel credit that applies to all eligible travel purchases. It doesn’t get any easier — simply book travel like hotel, airfare or rental car with your card, and receive a statement credit.
By comparison, The Platinum Card® from American Express comes with an annual $200 airline fee credit (enrollment required), but it too has several caveats. You must select only one airline from a short list of options to apply the credit. It only applies to incidental charges like in-flight refreshments and checked baggage, and the charge must be made separately from the ticket purchase. The card also comes with an annual $200 hotel credit, but that only applies to specific luxury hotels that are prepaid through the American Express travel portal. Since prepaid hotels are often nonrefundable, you could incur a significant out-of-pocket expense if your plans change. Terms apply.
More valuable rewards
All three cards in the Chase trifecta earn Chase Ultimate Rewards®. These rewards can be combined into your Chase Sapphire Reserve® account, where they are redeemable through the Chase Ultimate Rewards® travel portal at a rate of 1.5 cents each. That makes 6,666 Ultimate Rewards® worth $100 in travel.
American Express Membership Rewards points are worth 1 cent each when booking airfare and 0.7 cent a piece when booking hotels through the AmEx travel portal. It would cost 10,000 points for $100 in airfare, or 14,286 points for a $100 hotel stay. That’s significantly less value than you can get for the same number of Ultimate Rewards®.
🤓Nerdy Tip
Though classified as cash back cards, the Chase Freedom Flex℠ and Chase Freedom Unlimited® earn Ultimate Rewards® points. But if you hold just those cards, the points are worth 1 cent each toward travel booked through Chase and are unable to be transferred to travel partners. Adding the Chase Sapphire Reserve® unlocks the ability to transfer to partners and increases the value of the points to 1.5 cents each.
More accessible travel partners
Both Chase and AmEx have a broad list of airline and hotel transfer partners — American Express has 21 travel partners compared with Chase’s 14. But more isn’t always better.
In this case, Chase wins for many travelers with quality over quantity. Ultimate Rewards® can be transferred to partners like United Airlines, Southwest Airlines and Hyatt at no cost.
While American Express boasts more partners, the majority of them are international airlines and not as familiar to many. Transferring points to these airlines can yield impressive value, but can also cause more headaches and confusion to navigate. The biggest domestic transfer partner for AmEx is Delta Airlines — however, you’ll pay an excise tax for transferring points to Delta (and a few others).
Full list of Chase transfer partners
Aer Lingus (1:1 ratio).
Air Canada (1:1 ratio).
Air France-KLM (1:1 ratio).
British Airways (1:1 ratio).
Emirates (1:1 ratio).
Iberia (1:1 ratio).
JetBlue (1:1 ratio).
Singapore (1:1 ratio).
Southwest (1:1 ratio).
United (1:1 ratio).
Virgin Atlantic (1:1 ratio).
Hyatt (1:1 ratio).
InterContinental Hotels Group (1:1 ratio).
Marriott (1:1 ratio).
Full list of AmEx transfer partners
Aer Lingus (1:1 ratio).
AeroMexico (1:1.6 ratio).
Air Canada. (1:1 ratio).
Air France/KLM (1:1 ratio).
ANA (1:1 ratio).
Avianca (1:1 ratio).
British Airways (1:1 ratio).
Cathay Pacific (1:1 ratio)
Delta Air Lines (1:1 ratio).
Emirates (1:1 ratio).
Etihad Airways (1:1 ratio).
Hawaiian Airlines (1:1 ratio).
Iberia Plus (1:1 ratio).
JetBlue Airways (2.5:2 ratio).
Qantas (1:1 ratio).
Qatar Airways (1:1 ratio).
Singapore Airlines (1:1 ratio).
Virgin Atlantic Airways (1:1 ratio).
Choice Hotels (1:1 ratio).
Hilton Hotels & Resorts (1:2 ratio).
Marriott Hotels & Resorts (1:1 ratio).
No business cards required
Our recommended Chase trifecta consists of all personal credit cards. That makes it broadly accessible to anyone with a credit profile that qualifies for the three cards. However, you’ll have to be eligible for a small-business credit card to craft the ideal AmEx trifecta.
The Blue Business® Plus Credit Card from American Express and its ability to earn 2 points per dollar for all purchases on up to $50,000 annually is the glue that really holds the AmEx trifecta together, since the other cards only earn 1x on non-bonus spending. If you don’t qualify for a small-business card, the Chase trifecta is the easy choice. Terms apply.
Better international acceptance
All Chase credit cards carry the Visa or Mastercard logo, making them usable nearly anywhere credit cards are accepted throughout the globe. American Express has closed the acceptance gap domestically, but still lags behind Visa and Mastercard abroad. If you’re looking to use your card internationally, your surefire bet is the Chase trifecta.
Why you might want the AmEx trifecta
Big grocery and restaurant spend
The American Express® Gold Card offers a sky-high 4 points per dollar spent at U.S. supermarkets (on up to $25,000 in annual spend) and restaurants. The Chase trifecta earns an everyday 3 points per dollar at restaurants, and the potential to earn 5 points per dollar on up to $1,500 in quarterly spend if grocery stores are selected as a rotating bonus category on the Chase Freedom Flex. If you have an outsized budget for dining out or groceries, the math may have you leaning toward the AmEx trifecta. Terms apply.
Elite status and luxury perks
You might prefer the AmEx trifecta if you value elite status and exclusivity. By holding The Platinum Card® from American Express, you’ll get complimentary gold elite status with Hilton and Marriott (enrollment required), President’s Circle status with Hertz, Emerald Club Executive status with National, 24-hour access to a concierge for those hard-to-access reservations or tickets, and access to members-only VIP experiences at prestigious events like Wimbledon and the Kentucky Derby. Terms apply.
If you value these perks, the AmEx trifecta may be worth the added annual cost.
Airport lounge access
If you’re a frequent flyer and often find yourself in airports, lounge access can be a great way to escape the commotion of the terminal. In addition to a Priority Pass Select membership (which the Chase trifecta also has), the AmEx trifecta also lets you access AmEx Centurion and International Lounges, Delta Sky Clubs (only when flying Delta) and Plaza Premium, Escape and Airspace network lounges.
That’s a huge footprint that includes complimentary access to over 1,400 airport lounges. If you want lounge access, the AmEx trifecta may be better for you.
🤓Nerdy Tip
The Chase Sapphire Reserve® offers a dining credit (normally $28 each) for you and a guest at participating Priority Pass restaurants. The Priority Pass access granted by AmEx cards excludes these restaurants.
Which trifecta should you get?
Most people will do better with the Chase trifecta. The annual cost is significantly lower, the benefits and rewards are more transparent and easy to use, and your points are worth more when booking travel through the Chase travel portal. The AmEx trifecta could be a good choice for those who value a broader airport lounge footprint and luxury benefits, but realize you’ll be paying a lot more for those perks.
To view rates and fees of The Platinum Card® from American Express see this page.To view rates and fees of the American Express® Gold Card, see this page.To view rates and fees of The Blue Business® Plus Credit Card from American Express, see this page.