How to Travel for Free with Credit Card Points // Chase Trifecta

How to Travel for Free with Credit Card Points // Chase Trifecta


So in this video I’m going to talk about
the simple system I use to accumulate credit card points in order to travel as
inexpensively as possible. Greetings from New York City YouTube, my name is Kevin I
make these weekly videos documenting my journey towards full time travel. In
March I leave on a twelve month around the world trip. If that type of content
interest you please subscribe below. So if you’re anything like me when, you
started researching how to accumulate travel points you came across all these
really complex videos about getting like 50 different cards and like rotating
them and rotating all the points and all that kind of stuff. It’s a little bit
overwhelming and to be honest I personally didn’t want to invest that
much time in it so I did a lot of research and found a system that works
for me you’ve probably heard about it before it’s called the chase trifecta so
today I’m gonna talk about what the chase trifecta is and how I’ve used it
to make most of my travel expenses disappear so let me preface this by
saying I hate debt I did not have a credit card because of that however as I
began transitioning to full time travel I realized I was missing out on a lot of
benefits but let me be clear I do not accumulate any kind of credit card
balance if I spend something on my credit card I go in that night and
transfer money from my bank account into the card I never have a balance on any
of my credit cards okay so what is the chase trifecta as the name implies the
chase trifecta consists of three cards a base card and two other cards that earn
points on specific things the base card is where you want to accumulate all your
points and I’ll talk about why that is in a minute
the secondary cards allow you to transfer points from them into your base
card where you can maximize your points so first what are the base cards you
have to chase fi Reserve and you have the Chase Sapphire Preferred so chases
to base cards have three primary differences the first is the annual fee
the second is the amount of points you get for traveling restaurants and the
third difference is when using the chase travel system how the points you
emulate in the base cards convert so first let’s talk about the annual fee
the Chase Sapphire reserve has a four hundred and fifty dollar annual fee and
the Chase Sapphire Preferred has a ninety five dollar annual fee I know the
four hundred fifty dollar annual fees sounds like a lot but the first three
hundred dollars you spend on travel is free so that brings the annual fee down
to about one hundred fifty dollars you also get a travel credit for getting
global entry and TSA preferred which is about a hundred dollars so really in the
first year the card cost you an annual fee of $50 after that with a three
hundred dollar annual travel credit you get it costs about $150 so the next
difference is how many points you get when you use the card so for the Chase
Sapphire reserve you get three points anytime you use it for any travel
related expense or any time you eat in a restaurant travel related expenses or
anything from air bee bees tubers hotels to flights things like that with the
Chase Sapphire Preferred you get two points for those categories so you’re
going to accumulate 1/3 more points by using the Chase Sapphire reserve the
last difference in these cards is the exchange rate you get when you use the
chase travel system so if you book your flight your hotel or rental car on the
chase travel system and use your chase points you get to exchange those points
in the higher ring with the Chase Sapphire reserve you get to exchange
them at a 1.5 rate and with the Chase Sapphire Preferred you get to exchange
them at a 1.25 rate so there’s a 25% difference there in the point value as
well with both base cards the chase fi Reserve and the Chase Sapphire Preferred
you can transfer your points to chase partners at a one-for-one exchange rate
so for example if you go in the chase travel system and a Southwest flight
from New York to st. Louis cost 15,000 points but then you go over to the
Southwest website and realize Southwest is having to deal and they only charge
you 10,000 points through their travel system you can transfer 10,000 points
from your Chase Sapphire Reserve or Chase Sapphire Preferred over to
Southwest at a one-for-one exchange rate so then you save yourself 5,000 points
so that’s one of the biggest reasons we just go ahead and transfer all the
points from all the cards into the base cards okay so now let’s talk
the secondary cards and why even have them to begin with if the other two
cards are so great unfortunately the two base cards only get you points in the
travel and restaurant category if you buy anything else in any other category
with those cards you only get one point so that’s where the other two cards come
in with the Chase Freedom Card you get five points on certain categories that
change every quarter sometimes it’s gas that get you five points sometimes it’s
grocery stores this month it’s drugstores so if I go to Walgreens or
CVS and I buy some chapstick I’ll get five points for that purchase vice the
one point I would have gotten if I used one of the base cards this is probably
my least used card because a lot of the categories don’t apply to me but there’s
no annual fee so there’s no cost for me to have the card and occasionally I do
spend money on something that falls under the quarterly categories so I’ll
pull that card out if that is the case and the last card I have is to chase
freedom unlimited it also has no annual fee so that’s great
and it gives you one point five points on anything you purchase so anything not
covered by the Chase Sapphire Reserve or the Chase Sapphire Preferred your base
card or the Chase Freedom Card I use the chase freedom unlimited card to purchase
that item and then I get one point five points at the end of the month any
points I’ve earned from the chase freedom unlimited or the chase freedom I
transfer into my base card all four of the cards also have a bonus for signing
up and spending a certain amount over a certain time I think it’s 50,000 now for
the base cards and 10,000 for each of the secondary cards so if you get one
base car and the two secondary cards and spin the required spend you’ll
automatically have around 70,000 points which is worth on a one-for-one exchange
about seven hundred dollars but worth more if you use the chase travel system
so I’ve been using this system for about a year now and I’ve been accumulating
points from spending on things that I would have bought anyway and for the
last year I haven’t paid for one flight or one hotel so that’s been great in a
couple weeks I hop on a plane to Lima Peru I’ve
already bought that plane ticket it just cost me points I didn’t have to spend a
penny on it for me this system has been a great passive way to build up points
and it’s very sad you don’t have to do a whole lot to earn
the points you just got to remember which car to use and you don’t have to
do a lot to spin the points you can either go in the chase travel system and
then do a little bit of research with the different airlines you want to use
or hotels you want to stay to see if it makes more sense to transfer your points
into their system but once you get the hang of it it doesn’t really take a lot
of time it’s actually pretty easy and it’s why I really like this system and
why I made this video so if you learned something and you enjoyed this video
please like down below and if you want to follow my 12-month travel journey
please subscribe below and hit that notification button so you know when I
post videos thanks for watching

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Comments

  1. Honestly, I don't even know how credit cards in the US work…? I always only hear of people accumulating credit card debt, but with my (European) credit card, I have a limit and pay what I spent in the following month, meaning my bank account is being charged automatically. Must be different in the US then?!
    Anyway. 😊

  2. Thanks for sharing this. Can you tell me if your credit score was impacted once you acquired these cards (not because of a balance, which I understand you don't keep, but because of applying for so many cards)? I'd like to do this but am curious about the impact, if any. Thanks!

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