Episode 55: Heightened CSP Bonus, Schwab Cashout Rumors & A New Airport Lounge

A Hot news week has us sitting down to discuss the following:
0:29 Chase Sapphire Preferred 100,000
• Direct Link (https://creditcards.chase.com/rewards-credit-cards/sapphire/preferred)  
• Subject to 5/24
• $95 AF (not waived first year)
• Try generating a referral if you/your spouse have one (chase.com/referafriend)
• “Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.*
• That's $1,250 toward travel when redeemed through Chase Ultimate Rewards®.
• This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months.
• 100,000 bonus points is the best offer that Sapphire Preferred has ever had.”
5:54 Rumor: 1.25 cpp Amex Schwab Cashout Going Away (TheFinanceHobbyist on Reddit (https://www.reddit.com/r/amex/comments/nrrho5/amex_charles_schwab_possible_changes_coming_soon/) )
• Cashout option still mentioned on application but not on landing page
• Who knows, but…
• How big of a hit would this be?
• How would it affect your perception of the Amex MR value proposition?
• If you knew for certain it was going away tomorrow would you clean house today?
• Does the rumor cause you to cash out some MRs?
10:59 Chase Sapphire Lounges Coming (TPG (https://thepointsguy.com/news/chase-sapphire-airport-lounge/) )
• First location: Boston?
• Location: Terminal B to C Connector
• Anticipated opening: Q1 2022
• Out-maneuvered Amex Centurion and CapOne for the space
15:40 Amex 25% Transfer Bonus to Hawaiian
• In the spirit of always considering a deal...
• 130,000 Boston to Honolulu becomes 108,000 MRs pp one-way in lie-flat
• Flight is very expensive: They’re asking $7,000 pp roundtrip
• Expires 6/30/2021
• Last call for 40% bonus to Marriott, ends 6/15/2021
18:32 Stop & Shop/Giant: 3x VGCs
• Friday 6/4 - Thursday 6/10/2021
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