My NEW 2025 Credit Card Strategy (& 2024 Recap)

Summary

In this video, the creator shares their updated 2025 credit card strategy, focusing on maximizing travel rewards, increasing business spending, and optimizing credit card usage. Key strategies include continuing to earn points with Chase and Built, prioritizing travel redemptions, and focusing on new credit cards for the wife, Jackie, while reducing new card openings in the latter half of the year to improve credit scores for a future home purchase. The video also discusses leveraging business card spending, including paying taxes with a business card to earn bonus points and accelerate Hyatt Globalist status.

Takeaways

• 😀 Focus on maximizing travel redemptions using credit card points for luxury trips in 2025.
• 😀 Jackie and I plan to shift the focus to her credit cards in 2025, opening a few new cards early in the year.
• 😀 We’ll pause on opening new credit cards in the second half of 2025 to preserve our credit scores for an upcoming mortgage application.
• 😀 Our primary goal is to earn as many points as possible while enjoying luxury travel experiences.
• 😀 Strategic business spending, especially for tax payments, is a key part of the strategy to earn more rewards.
• 😀 Paying taxes with a business credit card (like the Chase World of Hyatt Business Card) could help us earn valuable points and qualifying night credits for Hyatt Globalist status.
• 😀 The Chase Sapphire Reserve and Venture X remain key cards for earning travel rewards in 2025.
• 😀 Jackie will focus on earning referral bonuses for us, enhancing our point balances for future travel plans.
• 😀 We’ll optimize the points we earn by using specific cards for targeted categories, such as AMX Gold for groceries and Sapphire Reserve for travel.
• 😀 In the long term, we want to simplify our strategy by focusing on maximizing the rewards from the cards we already have rather than constantly opening new ones.
• 😀 If you prefer a simpler rewards strategy, there’s a video that covers the best credit cards to use without having to apply for multiple cards.

Q & A

What is the main focus of the speaker's credit card strategy for 2025?

The main focus of the speaker's strategy for 2025 is to continue earning credit card points to book travel experiences, especially leveraging sign-up bonuses, spending categories, and business expenses to maximize rewards.

Why does the speaker plan to stop applying for new credit cards mid-2025?

The speaker plans to stop applying for new credit cards mid-2025 to avoid unnecessary hard inquiries on their credit report, especially in preparation for applying for a mortgage in late 2025 or early 2026.

How does the speaker plan to use business spending to amplify their rewards?

The speaker intends to use business spending strategically, such as paying taxes with a business credit card to earn high rewards, specifically leveraging the Chase World of Hyatt Business Card to earn Hyatt points and Globalist status faster.

What cards does the speaker recommend Jackie use to maximize points earning?

The speaker recommends Jackie use cards like the Chase Inc. business cards, AMX cards, Citi credit cards, and others to maximize their points earning potential in 2025, with a focus on earning multipliers for various spending categories.

What are the key spending categories and the corresponding cards the speaker plans to use in 2025?

The speaker plans to use the Built MasterCard for rent payments, AMX Gold for groceries and restaurants, Citi Custom Cash for gas, AMX Platinum for flight bookings, and the Chase Sapphire Reserve or Venture X for travel and other expenses.

What is the significance of paying taxes with a business credit card in the speaker's strategy?

Paying taxes with a business credit card is significant because it allows the speaker to earn bonus points or benefits, such as Hyatt Globalist status through the Chase World of Hyatt Business Card, which helps accelerate the accumulation of rewards.

How does the Chase World of Hyatt Business Card help the speaker achieve Globalist status faster?

The Chase World of Hyatt Business Card helps the speaker achieve Globalist status faster by offering 5 Hyatt qualifying night credits for every $10,000 spent on the card, which contributes to the 60 required nights for Globalist renewal.

What is the benefit of using the AMX Platinum card for flight bookings?

The AMX Platinum card offers 5x points per dollar on flight bookings, which provides a significant return on travel-related spending and helps accumulate points faster.

How does the speaker plan to balance earning points and preparing for a mortgage?

The speaker plans to balance earning points and preparing for a mortgage by temporarily pausing new credit card applications to maintain a strong credit score, while continuing to optimize their existing credit card usage for maximum rewards.

What is the potential drawback of paying taxes with a credit card according to the speaker?

The potential drawback of paying taxes with a credit card is the processing fee, which can be as high as 1.82%. However, this fee can be offset by earning significant rewards, such as high signup bonuses or multipliers on business credit cards.