What Strategy Would I Recommend Once Your Credit is Situated

Chase Strategy: https://www.referyourchasecard.com/18o/662GB5F8TI

Chase Freedom Unlimited - 20k points for $500 spent in 3 months: This credit card will act as your daily spender and you will earn 5% on travel booked through Chase Travel, 3% on dining and drugstores, and 1.5% on everything else.

Chase Freedom Flex - 20k points for spending $500 in 3 months: This credit card will be your special category spenders. Every quarter the Chase Freedom Flex gets 5% on specific categories. For Q1 of 2024, these categories are Grocery Stores(excluding Target and Walmart), Fitness Clubs & Gym Memberships, and Self Care & Spa Services. The downside to this is you only are able to earn 5% on $1500 in spend in these categories per quarter.

This strategy is what I used when I got started and is a good start because with Chase they have a hidden rule of 5/24. What this means is if you have gotten 5 personal credit cards in the past 24 months then they will automatically decline you. It's funny because when I went to the Chase branch to get a credit card, I asked the representative and they told me that they aren't allowed to say whether that is true or not. This allows you to start building points in the Chase ecosystem early and gives you the chance to get more Chase cards to earn more points earlier on in your journey.

For the points that you do earn, I would advise you to hold off till you can use them for travel once you get the Chase Sapphire Preferred. Once you can transfer your points the value of your points are equal to at least $0.016 and can be worth upwards of $0.10 or more. As opposed to if you were to exchange these points for cash back you will only get $0.01 redemption. That is an instant 60% increase in the value of your points(not a lot of investments you'll get that return in) But if you do need the money you can exchange the points for cash back.

If you have any questions post them below!

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