What this Black Card Holder Could do with His 45 Million Amex Points

[@ezioaltairac]

I can tell you for certain that if Dave cashes out those points, he’s going to put them on some stupid parlay of the Patriots to win 20 games in a row, with the points, and Mac Jones throwing eight TDs per game.

[@MB-rr1fb]

Dave can't bet anymore since he opened Barstool Sport book...................But those bets were funny and sound like him

[@emmanuelozuna8822]

Sounds like a great bet though 😂

[@nsb2021]

@@MB-rr1fb what u talking about dude bets every week 😂

[@topten7526]

He’s going to eat more pizza

[@ezioaltairac]

@@MB-rr1fb He still bets…

[@AlexBerman]

Ego value of having 45 million points is worth more than 500k donated to charity. Also if he wanted to donate that amount he could do it without cashing the points

[@dannypants0000]

You should tell the government that. They piss away our taxpayer money on useless projects and wars, when they could've put it towards benefitting their citizens.

[@unitaper]

Dave has already done his fair share in donating millions to charities and businesses

[@SAsh-zg6ln]

U must not know pres. he’s donated hundreds of millions to charities and smaller businesses. He’s the type of rich person that actually enjoys his money and still gives back a lot. Also, during COVID, he offered to loan barstool money with zero interest so they can pay their payroll. He’s a good guy. Not a moral hero or anyt but he’d be the first to tell u that

[@misterincognito6089]

If your rich you don’t have to give every excess dollar you have to charity you communist

[@fld3880]

How much did you you pay for sub bots? lmao

[@iamjacquesbarjon]

Dave actually did start a foundation to donate money to businesses that were shut down during COVID (laundrymats, restaurants, etc.). Look up the Barstool Fund. That specific charity probably isn't as necessary now, but I could see him cashing it out and donating it if somebody brought that to him as an option. I doubt he probably even knows that he can do that.

[@mattvoigtlander]

Nice video. I saw Dave’s clip and got a good laugh out of the cashier naively saying he could probably go on a trip. Was hoping someone would do a reaction to it like this. Well done!

[@yannsylvester3680]

I think the First Class option is the most attractive for me. I don’t think Barstool owns a jet so he has to either charter or fly commercial. So I mean flying in the best first class every time he flies for the rest of his life while redeeming his point for like $2.9 million would be a greater value add in my opinion than the press on one $495k donation which in philanthropic circles is not insignificant but not a record shattering donation. That’s like the minimum YEARLY donation to have a board seat at a lot of larger NYC charities.

[@user-dw4cv3xq5u]

He charters, only.

[@AlexPerazaTV]

So you spend $500k on flights with AMEX platinum card, you get 2.5 mil points (5 points per dollar). Spending them at 6 cents per point (using the free flights option, such as Singapore airlines), that’s $150,000 in value. That’s a 30% cashback of the original $500k. Crazy!

[@amanmahuvakar]

0.06 cents. Not dollars.

[@AlexPerazaTV]

@@amanmahuvakar right, 0.06 X 2,500,000 = $150,000. No other math is needed. It’s not $150 or $15,000. It’s literally $150,000. Six cents X 2.5 million = $150,000. EDIT: for those saying it’s wrong. Let me make it easier for you. 2,500,000 points X 6 cents per point is 15,000,000 cents. Divided by 100 cents ($1) you have $150,000. Case closed.

[@thebigbruh9283]

@@AlexPerazaTV that would be 150,000 cents not dollars if one point is 0.06 cents so $1500.

[@Pygmyz06]

@@thebigbruh9283not as crazy😂

[@AlexPerazaTV]

@@thebigbruh9283 WRONG. Are you an idiot? 6 cents times 2.5 million points. If it makes you UNDERSTAND: It would be the SAME as 0.01 CENT X 15,000,000 points. So $150k = which equals 15 million CENTS. Enough!!!

[@stevepasquarella823]

I worked for a privately owned company that primarily used a Small Business AMEX Platinum card for paying suppliers. I would be the one primarily responsible for making the payments. We averaged several million a month in payments for our operating expenses. Before the company was sold, the previous owners had at least 18,000,000 points on the account and at one point peaked to over 20,000,000.

[@jalexb503]

Most likely gives his Amex to his coworkers. I’ve seen businesses use credit cards to make large purchases then use the rewards to give employees a vacation.

[@devan8425]

Did that for my VA, she loved it & it felt like it was free

[@elvisherrera960]

The guy is worth over 100 million so his expenses are much higher he can rack up those points quickly.

[@n.j.crawler]

Oh no way. Lol

[@SpencerJohnsonOfficial]

It's great to see all this love for the credit card game starting to come through from Dave's video. It's pretty awesome to think about all the stuff he could do with those points, but hopefully he doesn't just hoard them forever 😬 Fun video idea Ben!

[@grandtourbear9497]

Let’s not forget Dave is one of the ‘chosen people’, so hoarding the points makes sense.

[@GAsh0012]

Its funny how helping needy people is like a small after point as to why it's good to donate

[@Divemaster4122]

"Sorry sir, we have no records of you ever having an account with us"

[@pahanin2480]

He actually uses it to pay business expenses and millions in personal taxes and churns points from his personal business

[@jessiestienstra6350]

6:13 that tax deduction would do nothing for him. If anything, he'd be worse off.

[@TheCreditShifu]

How would someone be worse off getting their taxes reduced? That makes no sense. Redeeming the 45 million points would not be taxable in the first place, Amex does not send 1099s for points accumulated through organic spend, so the points would not be taxable, yet he would get a deduction if he donated the money

[@riskingmybiscuit4209]

He can thank the pizza shops for 45 million thats a lot of pizza.

[@GATOWN]

Dude casually has $500k in points

[@GoFastJames]

When talking about flights, what I found back when I would travel often worked well was pay full price for flights with in Amex giving you more point value then use points to pay it in the bill then on taxes expense it given your not directly paying the flight with rewards upfront was told this would work fine. More one cpa and tax strategist agreed when comes to taxes. Kind of double dipping. Would be nice to see more videos on taxes with dealing with rewards but with someone that actually knows the rules.

[@jasonhoppe781]

If he was to “donate” them to charity I think it would be more efficient to buy flights for people who can’t afford to travel. He can give away life changing experiences which hold much more value than a one time small donation of 500k to some charity.

[@SAsh-zg6ln]

He already donates a lot. 500k is nothing compared to the tens of millions he’s donated

[@josephdoan1355]

Thx dude

[@Philipseymorehoffman]

He puts $200k on a football game

[@childishj]

I’ve been waiting for someone to do a video on this 😂

[@drrob001]

Interesting video thanks for sharing

[@edwarddelderfield]

How have I only just found this - my favourite person from Generation Snow!!

[@magj22004]

Me at 1am: alright one more vid then I’ll go to sleep Me at 3am:

[@spakjoeXD]

I thought this was going to be about the guy from China... Who buys all of his paintings with his Centurion

[@jo2305]

Problem with using points for flights is that you have to book them ahead of time to get good redemption. Considering that he probably books flights last minute (or the week before) he’d likely only get 1 cent per point redemption, even flying business.

[@davidportnoy]

🤔🤔🤔

[@broncorik2268]

I would take the 270k and go out it on black at the roulette wheel

[@javianjohnson8746]

Wow. Can't wait until I get my AMEX card now!

[@markeverhart-xu7hh]

Imagine swiping your card for a 170m buy. That’s insane

[@tjlift22]

I know someone with that many points and he travels when he wants to travel and where he wants you to travel and staying in the best hotels

[@sergiogutierrez2466]

Everybody is super generous when the money is not theirs.

[@claus1225]

AMEX is not a good CC for most ppl. It's fact. I have them and they are nothing but nuisance.

[@24kGanksta]

I had 4mil with Chase Reserve and 2.4 with Citi AA earned this in 2 years traveling with a company.

[@arjvnv]

when i saw that clip for the 1st time my jaw dropped. i’m happy when i have $50 in points

[@yc1112]

The pocketwatching is insane

[@GIJew]

Donate $500,000 to charity? Hahaha. $1,000 of it will be used for a good cause, the other $499k will mysteriously disappear. That's what charities do!

[@TheCreditShifu]

I guess it depends which charity

[@le9335]

You can research which charities act better than others. Easy tools available online.

[@EdwardGoss-n9u]

So true my girlfriends a social worker works for a ton of non profits they are all corrupt

[@Joseldevivo]

That’s the government, not charities.

[@bobbymunroe4363]

⁠@@Joseldevivolook up wounded warriors and Susan G Komen. Two very big charities that have very shady people running their boards.

[@ravensjewel-3886]

I think he should pass them to me. I’ll make good use of it lol

[@TheRealMcCoy88]

If homie has a black card, why he even flying commercial 😂

[@terrelmoss1444]

can you do best business cards for 2023 and product change rules for each issuer?

[@stateradio115]

he worked into his contract that he gets to keep all points used on his barstool business expense CC

[@SamSung-jv3jm]

I would buy a house and get a statement credit to cover it. Can't pass up free investment real estate!

[@thedufloth]

That’s crazy, I don’t even know how he allowed himself to accumulate so many points. I have 500k and I’m already going to spend it. 😅 Just to add here as well, he Does have the BUSINESS CENTURION card not the personal. I’m not sure if it changes how he earns the points.

[@dragonninja598000]

He should use Rakuten to get more MR points. 😂

[@robertcasanova6904]

Millionaires and billionaires look at there $$ as points. The higher your score the better your playing the game. So I'm not Surprised at what he says about Dieing with the points.

[@alanchen1010]

I can’t even get free flights with 200,000 Amex points because you have to be on a waiting list 😩😂

[@PatrickDKing]

Or you could just set up a bunch of shell companies and have each apply for sign up bonuses. You can apply at the IRS site for an EIN and get it instantly in a few minutes. Legally you don't even need to file with any states' department of state of corporation bureau equivalent b/c a long time ago a judge decided that it wasn't necessary using the promissory estoppel rule, saying if it looks and acts like a corporation but its only deficiency is the lack of filing paperwork, then it will be treated as a corporation. This comes up in corporate tax law sometimes. Ideally though, you should register with at least one state, especially if it is a real operational business. It's just one more solidification that your business is legit. Now, if you don't register the corporation, you may have a hard time convincing some moron lackey at a bank that your business is real. Some do request the formation papers, along with bylaws, and EIN. Technically you only need an EIN if you are going to have employees and/or file corporate tax returns instead of passing the income through on your personal return. It's just smoother to get the EIN, especially when some states will make up a dummy EIN for you if you don't have one but apply for certain things, like a sales tax license for instance.

[@MrSKlim]

Yup, Chase was adamant on needing EIN and state paperwork. Annoying. But whatever it’s fine we have it in multiple states due to our nature of work (commercial painting)

[@jalabi99]

I've never had a POS terminal tell me how many points I have on my Amex card when buying something before but maybe it's because I don't buy anything at RiteAid?

[@jalabi99]

@AzaelNYC sorry about that LOL

[@keltecdan]

If you’re a billionaire you’re most likely chartering a private jet.

[@nat5112]

So when did Credit Shifu became Ben Hedges!? Lol

[@InspireMe819]

Easy. Use those points and reinvest in SCHD.

[@gilbertnicholas1582]

He could book first class flights for his employees

[@marshalljensen32]

I thought those were Rite Aid points. I’ve never know Amex or any credit card to post your rewards on the screen.

[@junito1008]

He’s not the king of Amex point…This is 😎👉🏼 Liu Yiqian is a Chinese Billionaire who bought a painting for $170.4M a paid with his Amex Centurion…that’s about 422M points

[@TheCreditShifu]

He’s in the video

[@maltebay8135]

I have a weird question. If the guy who bought the painting were to sell it for the same price, would he still keep the points? If that is the case, there have got to be some loopholes to get infinite points, no?

[@NCKyle1980]

Yes because he completed a transaction. Reselling would not be a refund. Same as if you bought a PS5 at retail and resold for profit. You would get same deal.

[@brianiswrong]

So 2 billionaires decide to buy a $100'0000000 object from each other 10 times using there points collecting credit card. Assuming the 2 gentleman did their homework and no taxes were payable over the purchase price, they could literally be making money for nothing.

[@WillHal1000]

If you cash out your cash back points is that taxable?

[@TheCreditShifu]

No

[@Felale]

Amex couldn't be happier he's hoarding the points instead of using them. Imagine they go out of business and he loses all his points.

[@peterchen632]

I have never flies business or first class before. He should sponsor me one, I will never forget him😂

[@rickc.3552]

Can you have a Centurian and Platinum card? I always thought that once you accept the Centurian invitation, your platinum was no longer valid.

[@llary]

I'm a Centurion cardholder, you can absolutely hold multiple Amex cards including Centurion and Platinum, in fact depending on your country the platinum card and some supplementary cards are free. Most Centurion cardholders prefer to use gold or platinum for everyday purchases to avoid drawing attention.

[@rizwanirfan5249]

@@llary how much did you spend monthly before you were invited? also do verify your income too

[@jesterlead]

I always forget about Amex points. I've got 100K points in 2024. No clue what that means or it's value, but it is a nice round number.

[@TheCreditShifu]

Thats about enough for a round trip business class ticket to Europe from the East coast

[@jesterlead]

@@TheCreditShifu Oh, not shabby!

[@benbrooks1006]

Mr Lambo Adrian Portelli has mentioned he has 100million points. Mega spend!

[@eliwilson3902]

Yeah I could definitely see me hoarding points as well. I don't have that many but still have probably a couple nights in a hotel.

[@BD-kw6km]

I was taught to never count someone else's pockets

[@ChrisEckman]

How much safe moon does it buy though?

[@dizzle6709]

OH THANK GOD!!! When he bragged about this shit (havent watched the video yet) I wondered wtf he could do with those points.. I was driving at the time and could only calculate them in my head. Ive lost alot of my credit score Ben... :( I am in between jobs - peaked out at 795!! its like 700 now because ive took on alot of debt waiting for this new job to start!

[@danieldorn9989]

He can buy New York pizzas. All of the New York pizzas.

[@wiscopyro]

Why would someone with Black Card money care about points for a commercial airlines company, they have the money to fly private.

[@suitcafe]

I don't think El Presidente is worrying about points or using them.

[@thatguy7085]

Many business owners get the points for the cards employees use.

[@COBYJ10]

45mil Amex points has a 990k valuation

[@jtkto]

Adrian Portelli recently put on his story that he had 100m points

[@bigboss-qv7pe]

Sleazy promo for credit cards

[@Luciidreamz]

Pocket watching is crazy

[@Hug_life]

I’d throw my mate Dave a Birthday party

[@KPolinger]

Using credit card points for statement credit is the WORST use of points! (For AMEX cards, at least) Not to mention, he had to be invited to apply for the Black Card, so who knows how many of those 45M points were earned prior to him getting it. Way too many combos to count!

[@MaqAttaq1]

How much is the cost for every $ he spent?

[@PS3paulio2000]

since you suggested him donating the money from his points, why dont you donate the money you made from this video?

[@nathanielkennedy1094]

😮

[@nick31427]

**Black Card Holder** ...clearly a white guy

[@TheCreditShifu]

i see what you did there...

[@mpguy4260]

Donating flights might be a better return

[@AM-nm1oe]

Don't forget centurion redemption bonus since it's prob a business centurion

[@TheCreditShifu]

Thats only on bookings through the travel portal, but yeah you are right, 50% if he does it that way

[@WDaniel38]

I personally think he should fly to Singapore 180 times

[@jayvonmcclendon-ll2wc]

45 million points isn’t surprising if makes all his purchases with his credit cards

[@jasonsimpkins9069]

How does one keep track of all that. Plus all that spending. Sheedh

[@nickguest6122]

Barstool corporate account will be linked to his account I suspect

[@MathiasGreenwalde]

Now I really want to know what his credit limit is.

[@chriswalker83cw]

Meanwhile in the UK hardly anyone takes AMEX

[@jdiluigi]

AMEX has way higher processing fees for businesses. When i ran a pizza shop back un the day thats why we didnt take Discover card. If it wasn't for all the corporate events that usually use AMEX we would have refused accepting them. But making less money is better than none at all if they went somewhere else.

[@boogeymanw9643]

you can see your points and use it for in-store shopping? what??

[@nychris2258]

Im sure its accumulated from all Barstool employees on one account.

[@ambroselee2001]

You hoard the points. Everyone knows the rules

[@Rainy_Day12234]

Are points taxed?

[@Apollondb]

Tax reduction 😂😂. Best joke ever. Those rich people earn so much money, that donating 500k does not even tickle the taxes.

[@TheCreditShifu]

*deduction

[@LMays-cu2hp]

Hahaha! thank you for sharing..

[@MGMG007]

Cashing in the point is dumb, he has money, he doesn’t need it, his pride would take a hit loosing those points, then he would try to collect them again

[@jbig6650]

Take all barstool employees of 5+years of employment on an amazing trip

[@MeowMeow-ij9dk]

This is a cash rebate. So no taxes. $500,000 in Charles, $50,000 in growth in an SP500 low fee fund. Then worth $605,000 the next year. Leave it alone for 20 years and it becomes millions of dollars due to compound growth. Paperhands Portnoy doesn't need it, but he could use it to give some money to charity. Over 20 years, it would be a lot more charity than just $500,000 one time.

[@NCKyle1980]

I like your CS idea and donate, but add a twist; since there is a cap, change the charity every cap. Spread the philanthropy. I hope you and your family have a Happy Thanksgiving, sir.

[@TheCreditShifu]

Yeah 4 million points each

[@kingdomsbricks4762]

Breh “this video is really popular “

[@bee1979]

With that many points, forget luxury travel. Way to small. He could buy a very respectable house in the Midwest/South in cash points. Or use the points to 100% finance major renovations on one of those million dollar properties on the coasts.

[@andrewtobias4545]

Ppl also overlook the fact that you can deduct business expenses paid with cash or statement credits. But you can’t do the same with point redemptions since no cash was technically spent. That means that it could potentially even be worth more to cash out the points 1/0.63 tax deduction *1.1 Charles Schwab = 1.75 CPP. And this could be for any business expense, not just flights or hotels.