78. Score Bonus Points and Waived Fees: The Art of the Credit Card Retention Call with Dr. Suzy Spadafora

Point Me To First Class

Devon Gimbel MD

Finances, Education, How To, Travel, Credit, Expenses, Card, Cards, Society & Culture, Professionals, Tips, Personal, Places & Travel, Business, Points, Rewards

5 • 1K Ratings

🗓️ 26 August 2024

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dr. Suzy Spadafora is back on the show this week. She’s a points and miles pro who has opened over 30 rewards credit cards since 2016, and her P2 has opened 25. She keeps detailed notes on the retention offers she scores each year when annual fees hit. By employing a few simple strategies, Dr. Suzy often convinces banks to incentivize her to keep her cards open with statement credits, bonus points, or waived annual fees.

Tune in today to hear Dr. Suzy's insider secrets for maximizing credit card retention offers. She shares the exact script she uses when calling credit card providers, the most common mistakes to avoid, and how to decide if an offer is worth taking. With her tips, you'll be racking up extra points and perks on your lesser-used rewards cards in no time.

Get full show notes and more information here: https://points.pointmetofirstclass.com/blog/credit-card-retention-call-dr-suzy-spadafora

Get the Travel Freely app here: https://my.travelfreely.com/share?bref=dcw

Transcript

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0:00.0	Welcome to Point Me to First Class, the only show for employed professionals,
0:06.1	entrepreneurs, and business owners who are looking to optimize their higher than average
0:09.5	expenses to travel the world.
0:11.5	I'm your host, Stephen G Gimble and I believe that your
0:13.4	expenses are your greatest untapped asset if you know how to leverage them.
0:17.8	Ready to dive into the world of credit card points and miles so you can travel more,
0:21.6	travel better, and travel often. Let's get started. Hello everybody and welcome back to the podcast. It is often said that the
0:35.2	points travel hobby is a marathon not a sprint and for many of us part of that
0:40.3	marathon includes accumulating some or perhaps many rewards credit cards over time.
0:46.2	Whether you're applying for new credit cards to boost your points balances with generous welcome
0:50.2	bonuses, expand the category bonuses available to you, or just to earn points or
0:55.3	miles in a more niche program, at some point you might realize you have more credit cards
1:00.8	than you can fully take advantage of.
1:03.7	Additionally, as annual fees on some rewards credit cards rise and the benefits that they
1:08.3	offer potentially decrease, it's wise to re-evaluate which cards continue to deserve a spot in your wallet
1:14.8	and which ones no longer make sense for you to hang on to, especially if they're ones
1:19.7	that carry a substantial annual fee. But before you go and cancel a points earning credit card for good,
1:26.0	there's something you need to know about
1:28.0	that your credit card issuer is not going out of its way to tell you,
1:32.0	which is that you may be eligible for an extra bonus to keep that card open.
1:37.0	And that's exactly what we're going to be diving into on today's episode.
1:41.0	I've invited my friends and points
	...

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