Life Money Balance® Podcast
The Life Money Balance® podcast helps you “let your life lead your money, not your money lead your life” and engage with your journey to create your life's design. The podcast uses compelling conversations that combine money psychology with personal finance topics to improve your well-being and achieve your life aspirations.
Your host Dr. Preston D. Cherry (“Dr. Cherry”), interviews guests and performs solo shows to provide an emotion-safe space where real people engage in real talk and share authentic moments. Let’s chop! Learn more by following @drprestoncherry, Certified Financial Planner, Certified Financial Therapist, University Professor, and Founder & President of Concurrent Financial Planning, www.concurrentfp.com.
Life Money Balance® Podcast
Big Fees: Are You Overpaying for Amex Platinum or Chase Sapphire?
Are Premium Credit Cards Still Worth It?
In this episode, Dr. Preston Cherry breaks down the truth behind those flashy, high-fee credit cards like the Amex Platinum and Chase Sapphire Reserve. Are the perks really that valuable—or are you just paying for status? From overcrowded lounges to scattered benefits, Dr. Cherry reveals what you really need to know before swiping that premium card.
He urges listeners to take a closer look at how they’re using their cards, whether the rewards actually match their lifestyle, and how to avoid the trap of chasing points instead of building a smart spending plan.
Takeaways:
• Perks often overhyped
• Lounges = crowded chaos
• Spending must be intentional
• Points ≠ a good plan
• Audit your usage
00:00 Intro
00:53 Understanding Premium Card Perks
02:41 The Reality of Lounge Access
03:59 Intentional Spending Strategies
06:43 Personal Audit for Credit Card Use
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Disclosure: Educational content only. Not financial advice. https://www.concurrentfp.com/disclosures/