For the month of December, I’ve nearly maxed out my credit limit on my American Express Starwood Preferred Guest card. The reason being, I wanted to ensure I had spent $30,000 on my SPG card for Gold status. I understand the status is not very useful compared to other chains for this status level. When I made the decision, I had no extra benefits for high spend and could use the amount of SPG points to transfer to the airlines. Next year, I will reconsider the enormous amount of spend on the cards.
The AMEX card has a $6,000 limit and with all of the American Express Sync offers I had to take advantage of all of the deals and the deals just racked up my balance.
On the Chase cards, I maxed out $3,000 in the department store purchases on my Freedom churning Neiman Marcus on the triple/double miles days as well as spend thresholds, which the American Airlines mall posted accurately:
My Citi Forward card has $1,000 in purchase because of the Campus Edition card for 5x at bookstores. I want to rack up all the Thank You points and redeem for my Hyatt gift checks.
What’s the total cost for all the points? It came down to about $50. If I counted the A&P vouchers as cash, I would have made a little over $80.