#136: Credit card expert Sebastian Fung joins Chris to discuss the current state of credit cards including recent changes to reward programs, and predictions for 2024. They also dive into topics such as misconceptions about opening multiple cards, whether its still worth chasing status, how to approach sign-up bonuses versus multipliers, credit cards with the most bonuses and more! Sebastian Fung is a personal finance expert who runs AskSebby, one of the largest YouTube channels focused on credit cards and travel points. He is also the co-founder of Roadrunner Ventures and Cardonomics, a startup that helps creators automate compliance and make affiliate income from credit cards and bank accounts. Link to Full Show Notes: https://www.allthehacks.com/state-of-credit-cards-2023 Partner Deals Henson Shaving: Plastic-Free, Precision-Built Razors + $100 free Blades Athletic Greens: Free 1 year supply of Vitamin D and 5 free travel packs Fabric: Affordable term life insurance for you and your family MasterClass: Learn from the world's best with 15% off Copilot: Free 2 months access to my favorite personal finance app with code HACKS2 For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals Resources Mentioned Sebastian Fung: Website | YouTube | Instagram | Ask Sebby Business Citi Bank Cards Calculators for Expected Credit Card Value All the Hacks: Credit Card Site Card Optimizer Spreadsheet Rewards Cards CapitalOne Venture X Business: 150K Welcome Bonus Miles (spend $30,000 in 3 months) Citi® Double Cash Card: Earn 2X Citi Premier® Card: Earn 3X across many categories The Platinum Card® from American Express: 150K Bonus with CardMatch Marriott Bonvoy Brilliant® American Express® Card Cashback Cards Bank of America® Cash Reward Cards American Express Platinum Card® for Schwab Capital One Cash Back Cards Full Show Notes (02:08) How Sebastian Got into the Points Game (04:15) The Current State of the World of Points & Miles (05:37) Is Chasing Airline Status Worth It? (09:03) Thoughts on Hotel Status (11:46) Status Program Changes to Expect in 2024 (13:20) Biggest Changes to the Credit Card Game (19:54) American Express Pulling Out of Delta Lounges (20:51) Credit Card Changes to Expect in 2024 (21:44) Sebastian’s Equinox Hack (22:53) Earning Limitations Due to Legislation Changes (24:55) Do Credit Card Companies Like Power Users? (26:03) Chasing Welcome Bonuses vs. Multipliers and Bonuses (28:41) Misconception about Opening Up Multiple Cards (29:39) The Unpublished 524 Rule (32:34) Cards with the Most Bonuses (34:37) Cashback Cards (36:20) Amex Membership Strategy (44:20) Playing the Points Game vs. Cashback Cards (46:11) Ways to Increase Spend to Hit Bonuses (47:51) Different Ways to Use Points (50:24) Best Airline Cabin Experience (52:40) Using Delta Points to Get Good Value Connect with All the Hacks All the Hacks: Newsletter | Website | Membership | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post. Learn more about your ad choices. Visit megaphone.fm/adchoices