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[quote=Anonymous]High HHI here also. My CC bills are $10-20k/month. I have an AmEx Platinum and a Chase Sapphire Reserve. Both will give 3-5x points depending on waht you spend on. AmEx gives great status, like Gold level on Hilton and Marriott, which I use all the time. Also Global Entry/TSA Pre fees are covered, and Clear (Amex) and a bunch of other stuff. At your spend, it's worth it.

I think I have 800k AmEx points currently. I can convert them directly to buy _any_ ticket at $0.01 per point, but more beneficial is I can convert to miles at bunch of airlines.

For example, I can fly tomorrow to London using United miles, for 88k miles in business class on Lufthansa (great service, better than United) via Frankfurt or Munich. That same ticket would cost me $6,361 if I bought it.

On Chase, I get 3x points for spending on lots of categories like dining and travel, so I'd need to spend $30k on Chase to get 90k points that I convert to 90k United miles.

$30k of spending for a free one-way business class, leaving tomorrow, to London. You do that in 1-2 months.

On your 1% cash back card, you'd need to spend $630k (!) to get the $6,300 to buy the same ticket.[/quote]

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