NEW $200 Citi Credit + Earn 10x POINTS on Chase Cards

In this video, I'm going to cover a load of different things. We have a new $200 credit on a certain Citi credit card. Then we have a new Citi transfer partner, and we have transfer bonuses from both American Express and Citi, and a way that you can earn 10 points per dollar on certain Chase cards. Stick around for that at the end. Hey, credit warriors, welcome to the show. My name is Ben Hedges, aka The Credit Shifu, and on this channel, we cover US credit cards, personal finance, and luxury travel. If you like the sound of that, please subscribe. And this video is brought to you by Silo, who's launching their first transfer partner this month, but more on that later. So Citi has just added a brand new $200 annual dining credit to its premium American Airlines credit card, the Citi Advantage Executive Legend MasterCard. And the good news is this benefit is available right now with no additional increase to the annual fee. Now you may remember that Citi recently refreshed this card, increasing its annual fee by $100 to a whopping $695. But apparently Citi wasn't finished adding benefits so starting October 25th which was yesterday cardholders now receive $200 in annual dining credits through a service called InKind. Now if you're not familiar with InKind it's basically an app that lets you pay your restaurant bill at thousands of participating restaurants, bars and cafes across the United States and unlike some other premium credit card dining credits which make you use them in you know $10 or $20 per month installments, Citi has divided this benefit into just two periods. You get $100 from January through June, and you get another $100 from July through December. So even though we're now in the last quarter of the year, you get the credit for the whole second half of the year. So you have $100 to use now, and then you'll get another $100 in January. So that's $200 in the space of, you know, just over three months. To use the benefit, simply download the InKind app, add your City Executive card as a payment method and find participating restaurants when it's time to pay you pay through the app and you select your City dining credit the credit is applied directly to your restaurant bill rather than appearing as a statement credit later so you don't have to wait for it to appear wondering if you really do get money off or not and you don't have to spend the entire $100 in one visit you can split it across multiple meals both primary card holders and authorized users can use the benefit although everyone shares the same $200 allowance. Now there are a couple of catches. First, you can only use the credit at participating in-kind restaurants. So you'll want to check whether there are any near you on their website. Okay. With these things, you normally have loads of choices in big cities, like here on this map, I can see over 500 in New York City, but in the area where I am up here, I don't see any, or I guess there's a few, there's like two here, two here, et cetera. Second, the credit doesn't cover tips or service charges. And third, InKind frequently sells discounted dining credits, so I wouldn't necessarily value this benefit at the full $200. It's probably closer to maybe $150 because you can buy the discounted gift cards from InKind anyway. But if you already eat at participating restaurants or if you live in a big city where it's going to be very easy for you to find a restaurant, this could be a genuinely useful perk that saves you a reasonable amount of money each year. InKind also actually has a $25 bonus if you sign up through a referral link. So if you're new to it and you want to sign up, I'll put my link down below. You can get $25 off your first meal. But anyway, this is a great extra benefit for this card. Remember, the Citi Executive Card also includes American Airlines Admirals Club membership, which is really the main reason most people get the card. But adding another $200 in potential dining value certainly makes that $695 annual fee a little easier to swallow. It's effectively lowering it to $495 before you've even used any of the other benefits. But let me know in the comments, does this new $200 credit make the Citi executive card worth keeping or is $695 still too expensive? All right, let's now look at some Citi and Amex transfer bonuses that just started. And we've also got a new Citi transfer partner. And then we're gonna look at how you can get 10 points per dollar on some Chase cards. But first, if you've been watching our channel for a while, you've definitely heard me talking about Silo. Silo. Silo. Silo. Silo Silo. Basically, they've done for investing what Bilt did for rent. Silo allows you to earn credit card style points on your portfolio balance. The annual multiplier is 0.5 points per dollar on your total account value. So if your portfolio is $500,000, you get 250,000 points per year. Silo points are redeemable for cash at 1 cent per point, or you can use their travel portal to book at up to 1.3 cents per point depending on your membership tier. Now here's the big update though Silo is finally launching its first transfer partner. Yes I know we've been talking about this for a while but it is finally happening. I can't say which airline it is but I can say it is a one-to-one transfer rate and it is a Star Alliance airline which is one of the big three airline alliances and thus you'll be able to book 26 different airlines including United, Swiss and Singapore airlines. Many credit card points transfer to this particular airline in Star Alliance too. So this gives you another source to earn points and reach those milestones faster. And transferring your points out to an airline and booking normally means you get way more value per point when booking premium cabins. For example, I've got six cents per point when booking United's Polaris business class. With the launch of their first transfer partner, Silo is officially exiting their beta or is it beta how do you say that i don't know anyway and switching to their long-term points earning rate of 0.25 points per dollar in november but anyone who signs up by the end of october will lock in that 0.5 points per dollar rate for at least the first year and will likely be grandfathered in for life silo is also running a new member bonus of 250,000 points to celebrate the launch of their first transfer partner accounts are covered by 5 million in FDIC insurance and 500,000 in SIPC insurance. So if you want to lock in 0.5 points per dollar on your stocks and earn up to 250,000 points as a new member bonus, use my link below silo.com slash Ben to get started by the end of this month. All right, so let's go quickfire with these next few ones. Citi has just added Copa Airlines as a transfer partner. It's the national airline of Panama and also a member of Star Alliance. So if you are booking Copa Airlines itself, you should be able to find good access to all of Latin America, probably switching planes in Panama. But since it is a Star Alliance member, you would in theory be able to book all Star Alliance airlines, including U.S. airlines such as United. Upgraded Points, which is a site I really like for their guides on how to book award tickets, gives the following advantages of Copa Airlines miles when booking either Copa Airlines or other Star Alliance partners. Flights within the U.S. or Canada for 12,500 miles one way in economy, from the U.S. to Central America or the Caribbean for 15,000 miles in economy or 30,000 miles in business. Those are the first two. You can pause the video to read the rest. If you have one of Citi's cards with an annual fee, the transfer ratio is one to one. So 1,000 Citi ThankYou points equals 1,000 Copa Connect miles. If you have a no annual fee Citi card like the Double Cash, et cetera, you can transfer at a lower ratio of 1,000 Citi Points to 700 Copa Miles, which potentially isn't worth it. So I would recommend only do it if you have an annual fee Citi Card. All right, let's move on to a couple of other stories. So we currently have a transfer bonus of 10% from Citi to Cathay Pacific. That means that if you have a Citi ThankYou Points earning card with an annual fee, you'll get 1,100 Cathay Pacific Miles for every 1,000 City Points you transfer over. And if you have one without an annual fee, you can transfer 1,000 city points and get 770 miles, which is more than you'd normally get. You'd normally only get 700 on those cards that don't have annual fees. I think it's still only a good idea, though, if you have a card with an annual fee. This bonus ends on November 14th, so you have about three weeks if you want to do it. Next, let's look at an Amex transfer bonus. Now, American Express is currently offering a 35% bonus when you transfer membership rewards points to Marriott. So 1,000 Amex points will become 1,350 Marriott points in your Marriott account. The thing is, though, the points guy only values Marriott points at 0.75 cents a piece. I agree with that valuation. So with a 35% bonus, that only works out at 1.01 cents per Amex point that you transfer over. But at least we're above one cent per point. Now, you might think it's not worth it because you're only getting the same value as Amex's travel portal, one cent per point. and if you were booking flights yes it is one cent per point through the travel portal but hotels all right for hotels it's lower most hotels that you book through amex's travel portal you're only going to be booking at 0.7 cents per point so transferring out to marriott now gets you to that one cent per point level which is really the absolute minimum value i would want to get for credit card points when booking a reward the exception though is that if a marriott hotel is in the fine hotels and resorts collection, then you can book it through the portal directly for one cent per point. And that would be the way I do it because although the value is the same, you get a load of extra benefits like free breakfast, late checkout, etc. But anyway, if you do want to transfer to Marriott, the bonus runs until December 10th. All right, let's look at our last story of the day, how to earn 10 points per dollar on some Chase cards. So Chase is offering a 10 point per bonus on everyday purchases, and you might already have a Chase credit card that qualifies for this. So this promotion involves something called PAYS, which is a digital wallet backed by several major banks. Think of it like PayPal, but it's designed for online checkout. And right now, the Chase Sapphire Preferred, Sapphire Reserve, Freedom Flex, and Freedom Unlimited cardholders can earn 10 additional ultimate rewards points per dollar when paying through PAYS at participating merchants. That includes places like United Airlines, Dunkin', Sephora, and Domino's. And the best part? These 10x points are on top of what your card's regular earning rates would already earn you. So, for example, if you book a $1,000 United Airlines flight using the Chase Sapphire Reserve through Pays, you could earn 1,400 Ultimate Rewards points from that booking. The bonus is capped at $1,500 in purchases per month, and the promotion runs through December 31st, 2026, so the end of the year. But here's the latest development. Chase is also offering certain United credit card holders 10 additional United miles per dollar through Pays with a maximum of 20,000 bonus miles. Now that United offer is targeted. So check your account or email if you have a Chase United card to see if you're eligible. And remember, Pays only works at participating online merchants, all right? Not every merchant. But if you're already making these purchases, this is basically free points for clicking a different checkout button. All right, guys, that's the video for today. If you want to lock in 0.5 points per dollar on your stocks and earn up to 250,000 points as a new member bonus, use my link, silomarkets.com slash Ben to get started by the end of this month. Please subscribe to our channel if you're new, and we'll see you in the next video. Bye-bye.