- Centurion Member
- Posts: 211
- Joined: Thu Mar 15, 2012 10:08 pm
- Location: Ohio
If you travel quite a bit, and you stay in Marriots enough, but don't necessarily reach Gold status on your own, the Ritz would be my choice.
You get $300 Travel fee reimbursement & Marriott Gold, which you can use to boost your Marriott points up. The catch is to maintain gold you need to spend $10K annually on the card.
Also Concierge with the Ritz is better if you're into that kind of thing.
As far as the Palladium goes you need to have a relationship with Chase Private Client banking or JP Morgan private bank. For CPC you need to have $250k of liquid assets with Chase across all of your accounts, with JPM Private Bank the bar is much higher. If you are lucky, you might find a personal banker willing to sign off without you being a CPC customer, but that is extremely rare these days because those guys get paid bonus/commissions customer acquisition. It's also worth noting I looked at CPC and the management fees were 2% annually for their smallest portfolio of $250K. If you do the math that $595 annual fee now became $5595 which is not a good deal.
TL;DR; Get the Ritz if you travel, don't get the Palladium - a credit card isn't worth it, invest wisely
Everyday Preferred $45K | Amex Platinum NPSL | Citi Hilton HHonors Reserve $45K | Delta Platinum $30K | Chase Sapphire Preferred $64K | Citi Hilton HHonors $45K | Discover IT $25K