Greg’s been thinking through how to handle the recent shutdown of his Wells Fargo checking account. Worried the shutdown would eventually impact his credit cards, he had to make a decision about where to transfer his points…
Greg’s choice: saving points from a Wells Fargo shutdown
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(01:30) – Greg’s Wells Fargo shutdown
(08:54) – Reader tip
(13:03) – Nick’s advice
(16:20) – Greg’s decision
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Music Credit – “Ocean Deep” by Annie Yoder
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Honestly, there were no “wrong” options here.
Remember that points strategies can be a highly personalized matter. Points that work better for one person may not be the points that work best for another. Greg’s initial instinct was a Choice transfer, so that made the most sense in this context.
I get that there’s never been a lot of love for Choice in general, but there are some really good opportunities to be had with this program. I had been sleeping on it for a long time. Now I’m paying more attention. It’s definitely worth a looksee.
The Choice Privilges Select Mastercard is great: 30k points per year, $95 annual fee, AND points never expire. Sign up bonus is usually 60k points.
I wonder if a VPN connected to the U.S. while in another country would avoid the fraud alert?!?
Thank you for sharing the tip about application abroad triggering fraud alert. I had applied for the sapphire reserve last month, ended up in fraud prevention and they did not approve me. They asked me if i knew how many credit cards i had on my report and recommended that i looked into it. I thought the number of cards had triggered their system, but that didn’t make sense because many others have larger number of accounts. I realize now I had applied while in Europe, so this gives me confidence that I can apply from the US and have better chances. Unfortunately it means I lost the 150K elevated offer