The Financial Harmony™ Podcast
The Financial Harmony Podcast with Dr. Preston Cherry blends strategy and soul for Gen X professionals who want to align their money with their life. Each week, Dr. Cherry, CFP®, Ph.D., and Financial Therapist, shares clear lessons on retirement, investing, and tax planning alongside real conversations about money psychology, behavior, and well-being. You’ll gain insights to reduce financial stress, make confident decisions, and connect your wealth to your well-being. This show helps you invest smarter, spend without guilt, and build wealth that reflects your values, not just your numbers. Join the Financial Harmony™ Membership for deeper education, workshops, and community. Live your wealth, your way.™
The Financial Harmony™ 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/