Limited-Time Offer: Citi® / AAdvantage® Executive World Elite™ Mastercard® 75,000 Mile Bonus

Citi AAdvantage World Elite MasterCard Art

Limited-time offer. The Citi® / AAdvantage® Executive World Elite™ Mastercard®, from our partner Citi, is their premium American Airlines co-branded card. The previous 50,000 miles bonus has been improved to 75,000. Here are the details:

  • For a limited time, earn 75,000 American Airlines AAdvantage® bonus miles after spending $7,500 in purchases within the first 3 months of account opening.*
  • Admirals Club® membership included for you and guests with you.*
  • Complimentary Admirals Club® lounge Access for authorized users.
  • Earn 10,000 AAdvantage Elite Qualifying Miles (EQMs) after you spend $40,000 in purchases within the year.*
  • No Foreign Transaction Fees on purchases.*
  • Earn 2 AAdvantage® miles for every $1 spent on eligible American Airlines purchases and 1 AAdvantage® mile for every $1 spent on other purchases.*
  • First checked bag is free on domestic American Airlines itineraries for you and up to eight companions traveling with you on the same reservation.*
  • Receive a statement credit, up to $100 every 5 years, as reimbursement for your application fee for Global Entry or The TSA PreCheck®.
  • $450 annual fee.

Note the following fine print:

American Airlines AAdvantage® bonus miles are not available if you have had any Citi® / AAdvantage® card (other than a CitiBusiness® / AAdvantage® card) opened or closed in the past 24 months.

As mentioned, this is the highest level Citi/American Airlines card. The 75,000 miles are nice and can be converted to several hundred dollars (or more) worth of airfare. $100 for TSA PreCheck and Global Entry is nice. But the annual fee is a hefty $450. The special features of this card that the lesser cards omit are Admirals Club lounge membership and the opportunity to earn Elite Qualifying Miles towards status.

Admirals Club lounge membership value and details. Admirals Club membership usually costs ~$500 a year on its own, and this is now the only card that gives it to you as a complimentary feature. Here’s the full cost chart:

aa_clubcost

This membership allows both you and your immediate family (or up to two traveling guests that accompany you) to access over 50 Admirals Club locations worldwide. You don’t even need to be on an American Airlines flight! You can even give your spouse or trusted friend/family an authorized user card and they’ll get lounge access too, even while traveling separately from you. (Authorized user cards have no additional fee.)

You can be flying on any airline, and if that airport has an Admirals Club you and your family can go inside. Lounge access might save you money on certain things like comfortable seats, free food/drink, WiFi, and sometimes hot showers. Mostly it just makes the overall flying experience more pleasant. I’ve been to Admiral’s Clubs with special kids rooms; perfect for families during delays or layovers.

American Airlines elite qualifying miles. For those that know you can generate the required $40,000 in spending in a calendar year . I’ve given up status chasing for the time being, but if you’re an elite on American, you probably already know the value of accumulating these type of miles. 10,000 elite qualifying flight miles is like going from Honolulu to Los Angeles, roundtrip, twice.

Bottom line. The limited-time bonus bump to 75,000 miles is nice, but this remains a niche premium card. If you can take advantage of the Admiral Club lounge access, this can be a great way to get it for you and your travel companions. If you don’t care about lounge access and aren’t trying to achieve elite status on American, this card is probably not for you given the relatively high spending requirements.

“Disclaimer: This content is not provided or commissioned by the issuer. Opinions expressed here are author’s alone, not those of the issuer, and have not been reviewed, approved or otherwise endorsed by the issuer. This site may be compensated through the issuer’s Affiliate Program.”

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Money Buys Happiness… If You Outsource Your Unwanted Chores

happyfaceFirst, you were told that the best way to buy happiness was to buy experiences, not things. Other research then said happiness can come from buying the right things. Here’s another academic study making the rounds (WaPo, NYT): Buying time promotes happiness by Whilans et al, published in Proceedings of the National Academy of Sciences. Abstract:

Around the world, increases in wealth have produced an unintended consequence: a rising sense of time scarcity. We provide evidence that using money to buy time can provide a buffer against this time famine, thereby promoting happiness. Using large, diverse samples from the United States, Canada, Denmark, and The Netherlands (n = 6,271), we show that individuals who spend money on time-saving services report greater life satisfaction. A field experiment provides causal evidence that working adults report greater happiness after spending money on a time-saving purchase than on a material purchase. Together, these results suggest that using money to buy time can protect people from the detrimental effects of time pressure on life satisfaction.

The study found that spending money on time-saving activities was more efficient than material purchases in improving life satisfaction and decrease stress. This applied across different countries, careers, and income levels.

Here are some examples of time-saving activities:

  • House cleaner
  • Grocery delivery
  • Dry cleaning, laundry
  • Lawn care
  • Home repair
  • Cooking service
  • Shopping service
  • Shorter commute (taxi vs. bus)
  • Moving services
  • Junk removal services

For example, instead of spending $125 on clothes or gadgets, you’ll be happier if you spend $125 and the house is cleaned for you every two weeks. The more the activity is a chore that you dread doing yourself, the better.

This seems perfectly reasonable. I’m betting most of us have washing machines and dryers. Many also have dishwashers. That’s paying money to save time. I also paid more for a house with a shorter commute. This article about “extreme” commuting (4 hours+ total every weekday) sounded quite horrible. Amazon… enough said.

I must admit, I still have a hard time outsourcing many household tasks. I don’t love doing home repair, but I do like that after something breaks (and I spend a couple of hours on YouTube and trips to Home Depot), I have learned something new. I should think about what tasks I hate doing the most.

Bottom line: You can buy happiness by spending money to have more positive experiences. You can also buy happiness by avoiding negative experiences (i.e. having to spend your time on unpleasant tasks).

Low-Cost Funds Capture Nearly All of the Market’s Gains (and Losses)

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Here's a quick snapshot that illustrates why Vanguard and other low-cost funds are taking assets from active managers. Via this Bloomberg article. The US stock market has been on a great run for nearly 9 years now, and low-cost funds have been … [Read the rest]

What if the North Pond Hermit Has Pursued Early Retirement Instead?

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Of my summer reads was The Stranger in the Woods: The Extraordinary Story of the Last True Hermit by Michael Finkel. Many people dream about leading a "quiet life" away from all the hustle and bustle. The "North Pond Hermit", real name … [Read the rest]

Amazon Audible: Free Trial w/ 2 Free AudioBooks (May Work For Previous Trial Members)

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Amazon Audible has an improved promotion where you can get a free 1-month trial to Audible that includes 2 audiobook credits (usually only 1 audiobook credit). Even if you are not a new member, try clicking anyway as it worked for me and I had a … [Read the rest]

The Intangible Benefits of Saving Money: Flexibility and Robustness

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Need a break from the charts? Morgan Housel has an insightful article Let Me Convince You To Save Money that includes no historical data, no survey results, no fancy infographics. Read the whole thing, but here's my favorite excerpt: But the … [Read the rest]

Citi ThankYou Premier Card Review – 50,000 Bonus Points

Citi ThankYou Premier Card Art

The Citi ThankYou® Premier Card has re-launched from our partner Citi, with an improved sign-up bonus and purchase rewards structure. You can now earn 50,000 bonus points after spending $4,000 in purchases within the first 3 months of account … [Read the rest]

Dorco Coupon: 1-Year Supply (28 Razors) for $24 + Free Shipping

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My strategy for saving money on shaving is simple. I buy a bunch of razors once every 2 years, and use one razor per month. I try not to pay more than $1 per razor, so my total shaving bill is under $12 a year. To make sure they stay … [Read the rest]

Who Maxes Out Their 401k, And Where Do They Make Sacrifices?

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The Principal Financial Group surveyed "younger" retirement plan participants ages 23-51 who contributed at least 90% of the annual 401(k) maximum limit. That means they put away at least $16,200 each (limit was $18,000 for 2016/2017). These … [Read the rest]

JetBlue Free Mosaic Status Match + Challenge

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JetBlue Airlines has a free status match program where they will upgrade you to JetBlue Mosaic status if you have elite status with another airline loyalty program. Here are the qualifying levels at other airlines: Virgin America: Elevate … [Read the rest]

Chart: Hours of Work Required To Buy S&P 500

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As the US stock market keeps going up, it feels like everyone is whispering the same thing: We are near a top. It's easiest to do this with numbers. Here's a valuation metric that divides the price of the S&P 500 stock index by the median US … [Read the rest]

Choice Hotels Free Elite Status Match

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Choice Hotels is also offering a public free status match to Gold or Platinum Elite status from another hotel program. Potential perks include point bonuses on qualifying stays, longer booking windows for reward nights, and a free welcome gift. … [Read the rest]