Quick Reference: Membership Rewards vs. Starwood Points vs. Chase Ultimate Rewards

Due to birth of our first child, we haven’t been traveling much the last 24 months. However, I’ve still been racking up the miles (via credit card bonuses, credit card rewards, dining rewards, and shopping portals) and have built up a sizable pile with the three major “superpoints” programs – those that allow transfers to a variety of air and hotel partners. Everyone has their own preferred programs and unique travel needs, but here is a quick reference guide to simplify things. My favorite transfer partners are bolded, but all of the other options are also included. These days I’ll probably just be topping off an account off to qualify for an award ticket or free hotel night. Ratios are 1:1 unless otherwise noted.

Chase Ultimate Rewards (UR) Points

  • United Airlines
  • Southwest Airlines
  • British Airways
  • Hyatt
  • Korean Air
  • Virgin Atlantic
  • Marriott
  • Ritz-Carlton
  • IHG Rewards Club
  • Amtrak

Credit card bonuses and rewards are the fastest way to jumpstart your miles balance. Here are related offers:

American Express Membership Rewards (MR) Points

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American Express Membership Rewards Transfer Bonuses – British Airways, Virgin Atlantic, Choice Hotels

American Express occasionally runs limited-time promotions that increase the transfer rate from their Membership Rewards points. To see these bonuses, visit MembershipRewards.com. Currently promotions:

  • British Airways 20% Bonus. That makes 1,000 Membership Rewards® Points = 1,200 Avios. Points must be transferred in increments of 1,000. Promo expires December 31, 2013.
  • Virgin Atlantic 30% Bonus. That makes 1,000 Membership Rewards® Points = 1,300 Flying Club Miles. Points must be transferred in increments of 1,000. Promo expires November 30, 2013.
  • Choice Privileges Hotels 20% Bonus. That makes 1,000 Membership Rewards® Points = 1,200 Choice Privileges® points. Points must be transferred in increments of 1,000. Promo expires November 30, 2013.

TripAdvisor + American Express $5 Promo

Link your American Express card, write an approved review on TripAdvisor, get $5. Details at sync.americanexpress.com/tripadvisor:

Get a $5 statement credit when you connect your eligible American Express Card with TripAdvisor and leave one posted review (approved by TripAdvisor) before 23.59 (EST) on December 31, 2013.

You must connect your American Express Card to TripAdvisor to be eligible to receive the $5 statement credit. Quantities are limited. Only one $5 statement credit per connected Card. Your Card must remain connected until the statement credit is applied. Statement credit may not be received if a review doesn’t meet TripAdvisor’s qualifications and is not posted by TripAdvisor.

Gradsave Groupon: $50 Towards Any 529 College Savings Plan For $30

Groupon is currently offering a $50 Gradsave gift card for $30, which can be redeemed for a $50 deposit into any national 529 college savings plan. So if you’re already meaning to contribute some money towards a 529 plan, it’s basically at least $20 in free money. Thanks to reader Jon for the tip. Gradsave ran a similar promotion earlier and I successfully got it transferred to my daughter’s existing Ohio CollegeAdvantage 529 plan. It may take a couple of weeks.

Expires 60 days after purchase. Limit 1 per person, may buy 3 additional as gifts. Limit 1 per customer, beneficiary, account, savings plan, or 529 plan. Online only. New customers only. Cannot be combined with any other discounts or offers.

You can save a little extra on your Groupon deals with cashback shopping portals like eBates ($10 new customer bonus), Mr. Rebates ($5 bonus), and BigCrumbs. This should also count towards the Alaska Air promo I posted yesterday.

Also, 529 contributions can be taken out without penalty. If you withdraw any earnings for unqualified expenses, then you will be subject to income taxes as well as a 10% penalty. You can even set yourself up as the beneficiary if you have qualified educational expenses now or coming up (computer equipment counts if you’re a student). I’m just tucking it away for the kiddo.

Alaska Airlines Mileage Plan Shopping Bonus – 750 Miles

The Alaska Airlines Mileage Plan Shopping program is like other cashback shopping portals (eBates $10 bonus, TopCashBack, etc), except that they give you Alaska Airlines miles per dollar spent as a reward.

They just sent me a new promotion where if you just sign up to receive marketing e-mails, you can get 250 bonus miles. (Stay signed-up until the miles post, and then unsubscribe if you wish.) For an additional 500 bonus miles, make a cumulative spend of $25 or more before taxes and shipping fees with any participating online retailer. Overstock.com, Kohl’s, LivingSocial, and Staples are some examples.

Earning miles this way will also reset your miles expiration date, which for Alaska Air is 24 months from most recent activity. Offer expires 10/31/13. Bonus miles will post 8-10 weeks after that.

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Straight Talk SIM Card + Any iPhone 4 or 5 = $45 Unlimited Prepaid Plan

October 2013 Update: “Unlimited” has been clarified to mean 3G/4G data speeds for 2.5 GB per month, throttled to 2G data speed after that. Both AT&T and T-Mobile SIM cards are now available, with the newer ones allowing 4G / LTE speeds if you bring your own 4G HSPA+ / LTE-compatible phone. Price dropped to $6.99 with free shipping. See screenshot below.

You can also now buy the iPhone 4 ($200 refurb) and iPhone 5 ($400 refurb) directly from StraightTalk now at reasonable prices. iPhones sold by Straight Talk are CDMA and work on Verizon networks and their wider coverage. Note that the CDMA iPhone 5 comes factory GSM unlocked as well, so you can even switch to AT&T with the SIM cards above. Remember these come with no contract and also go with the $45 unlimited plan. Details below.

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$10 off $50 at Lowes with American Express

Get $10 off any $50+ purchase at Lowes home improvement stores in-store or online. Expires 11/15/2013. Sign up for AmEx Sync first if you haven’t already. Then tweet anything with #AmexLowes. You should get a confirmation reply quickly. Details here.

You may also be able to access these discounts via Facebook, the AmEx smartphone app, or by simply logging into your account online. Twitter has worked reliably for me. I post a lot of smaller and time-sensitive deals like this on my Twitter feed @mymoneyblog, which are echoed on my Facebook page.

FreedomPop FREE Cell Phone Plan Review

Cell phone service seems to get cheaper each year. I still remember when a great deal was $40 a month for 1,000 minutes with no text and no data. So what about FREE cellular service? Well, it’s here, but with a few important catches…

FreedomPop just rolled out a new cell phone service on a freemium model. That means they have a free option, in the hopes that enough people will pay up for various upgrades to make a profit. You may know the name from their 4G data hotspots that offered 500mb a month of data for free. I bought one, but ended up returning it as it didn’t fit my needs (and like other folks was charged about $15 in unexplained fees). Here are the details of this new venture:

  • Phone. The only phone currently available is an HTC EVO Design 4G for $99. Pretty basic Android phone. Older model, came out in late 2011/early 2012. Online reviews state that it’s pretty thick in size, 4″ screen is pretty good, battery life is below average.
  • Service. Everything works using cellular data only using VoIP software. Primary is Sprint/Clearwire WiMax 4G data coverage, backup is Sprint 3G data coverage. Your coverage may be very limited. See coverage maps here and here. Voice quality over 3G may be spotty.
  • Free Plan Details. For $0 a month, you’ll get 200 minutes, 500 texts, and 500 mb of 3G/4G data. Additional use past that is charged as data, at 2.5 cents per MB ($25 per GB). Voicemail is $2.50 per month extra.
  • “Unlimited Plan” Details. For $10.99 a month, you’ll get unlimited voice minutes, unlimited texts, and 500 mb of 3G/4G data. Additional data costs 2.5 cents per MB ($25 per GB). Voicemail is $2.50 per month extra.

(click to enlarge)

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Money Magazine – Best Credit Cards List 2013

The October 2013 issue of Money Magazine featured an article “Best Credit Cards” that (unsurprisingly) caught my eye. Here’s a quick list of their top picks for various categories. I’ve written about most of them, and in those cases I’m linking to that post which provides more details. Otherwise, I’m linking directly to the card page and including a few highlights about the card.

Best for Balance Transfers (Low, long introductory APR)

  • Chase Slate Card. 0% on purchases and balance transfers for 15 months. No balance transfer fee if you transfer within the first 2 months.

Best for Regular Balance Carriers (Low ongoing APR)

  • Lake Michigan Credit Union Prime Platinum Card. 6.25% APR on balance transfers (Prime + 3%) for applicants with 760+ FICO scores.

Best Tiered Rewards Cards (Tie)

Best Flat and Simple Rewards Cards (Tie)

 

Best Travel Rewards Credit Card

Best Card for Using Overseas

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United MileagePlus Dining: 3,000 Bonus Miles

Many of the major airlines partner with Rewards Network (formerly iDine). You give them your credit card, and when you pay with that card at participating restaurants (which I believe have to pay for inclusion) then you get a certain number of miles per dollar spent. The good news is that you don’t have to use any coupons, show an app, or do anything that indicates you’re getting a discount. I don’t let this determine where I eat, but a few places I already eat at do participate so it is basically free miles.

Earning a few miles this way will also reset your United miles expiration date, which is 18 months from most recent activity. So it’s good to have it set up ahead of time, even with a seldom-used card.

Right now, the United MileagePlus Dining program is running a special promotion where can you can get 1,500 United miles if you join by 10/31 and spend $40+ at a participating restaurant, bar or club within 40 days of joining, plus write a quick review. If you do this twice, you’ll get the max possible 3,000 bonus United miles. Again thanks for reader Jessica for the tip.

AAdvantage eShopping: 2,000 Bonus American Airlines Miles

AAdvantage eShopping Mall is like other cashback shopping portals (eBates, TopCashBack, etc), except that they give you American miles as a reward. If you visit this promo link, it shows an offer that will get you 2,000 miles after you spend at least $35 at any store.

Now through 9/30/13 11:59 PM EST receive an additional one-time bonus of 2,000 miles when you shop through this email and spend a cumulative amount of $35 or more online in the AAdvantage eShoppingSM mall. […] Please allow 8-10 weeks from end of promotional period for bonus miles to post to your account.

Earning miles this way will also reset your miles expiration date, which is 18 months from most recent activity. Via reader Jessica, who also points out that Peapod is an eligible store, so if you get grocery delivery from there that’s an easy way to get 2,000 points.

OptionsHouse Raising Commission Rate From $3.95

Online stock broker OptionsHouse sent me the following e-mail today:

On October 1, 2013, OptionsHouse is changing our stock commissions rate. However, we wanted to notify you that this change will not affect any of your current accounts with us. In addition, if you choose to open and fund any additional accounts in the future, you will continue to receive your current stock commission rate. For full details related to changes to our stock commissions, please visit our rules page.

Basically, their commission on stock trades is going up from $3.95 to $4.75 for new customers only. Existing customers will stay at $3.95. They’ve done this before, as I’m actually grandfathered in at $2.95 a trade (opened back in 2010), which I think is a good way to treat existing customers. Options pricing remains the same, starting at $5 for up to 5 contracts. Under $5 a trade with no minimum balance requirements is still very competitive.

There is still a small window if you want to get yourself grandfathered in at $3.95 a trade. You must complete your application prior to 10/1/2013 and fund your account prior to 1/1/2014. There are a variety of promotions available for new customers. You can only get one of these, so pick carefully: