Vaccines Stocks Travel Monday Evening Briefing

Are you fed up of spending an enormous amount on flights? Good news! Travel hacking can be the solution to all your travel problems. It’s an exciting way to convert credit card welcome bonuses and other incentives into airline miles, that can then be used to score discounted or complimentary flights for your desired destinations. With a little imagination and a little bit of insider information, you’ll be jet-setting for free within a matter of minutes.

The Basics of Travel Hacking

Travel hacking is about swapping credit card sign-up bonus and rewards for airline miles. These miles can then be used to purchase discount or no-cost flights. Some credit cards also let you redeem miles to pay for hotel stays or rental car discounts.

How Does it Work?

The most effective method for successful travel hacking is to take advantage of the credit card sign-up bonus and to establish frequent flyer miles with a limited number of airlines. When you are ready to make a booking, evaluate the cost. If the cost is less than $300, it’s best to pay in cash and use your miles to pay to book a higher-priced flight. When the flights start getting above $500, you’ll want to look into the frequent flyer account and determine which airline offers you the most value. It all comes down to the number of points or miles you have in your travel account for each airline.

Start with Travel Hacking

Ready to learn the secrets to travel hacking? The first step is opening a credit card with a sign-up bonus. There are a lot of fantastic credit cards that offer many features and benefits. It depends on the type of airline, spending habits and the features that are most crucial to you.

Top Credit Card Picks

Here are a few credit cards great for travel hacking:

  • Chase Sapphire Reserve
  • Chase United Explorer
  • JetBlue Mastercard
  • Capital One Venture X

If you’ve been approved for a credit card, you’ll have to meet the limit of spending minimum in order to qualify for the bonus. Every credit card has its own set of rules, so make sure to check for this information. Then, it’s all about racking up miles and using them to book your dream vacation!

Are you ready to set sail with your ideas?

After you’ve accrued the points balance, it’s time to cash them in for some sweet travel! Different credit card providers will have different methods of redeeming your rewards, here are a few examples from some of the providers I’ve worked with:

Getaway through Chase Ultimate Reward

If you own a Chase cards, you are able to redeem your points through the Ultimate Rewards portal. Through it, you’ll get access to virtually every airline, and you can make use of a combination of points and cash to pay for your trip. You can even book completely with points if you’ve the funds to pay for it! Sometimes even if you do not possess enough points for the full cost, you are able to purchase flights through the Chase Ultimate Rewards portal and pay the balance in cash with every credit card.

 

United

Are you tired of paying the full cost for your flights? Did you not know that when you book directly through United you can choose the option of paying with dollars or points? Be careful in case you don’t have enough points, you cannot combine dollars and points on one flight. Don’t worry, though, if you’re just a few points away, United gives you the option to purchase additional miles.

JetBlue

Are you looking for a domestic flight? Look no further than JetBlue! JetBlue offers an enjoyable and comfortable travel experience that includes extra space and complimentary snacks. Additionally, their booking process is similar to that of United Airlines which allows you to book with either JetBlue dollar or points but not both. However, JetBlue has a unique feature where you can join your points with your family members and earn points twice as fast. Be sure to prove you’re really family before trying to hack the system.

Hit that Minimum Spend

If you’re like me and my travel companion Becca You’re probably quite thrifty and it’s daunting to try to spend thousands of dollars to hit the required amount to qualify for a credit card bonus. Don’t worry, we’ve been through it and we’re here to share our tricks and tips.

Pay your rent (if you can)

This is a huge one! If you’re able to pay your rent with credit card, then do it! Just be prepared to be charged a fee, typically around 3 percent. It might be worth it in the long run in the event that the bonus is substantial enough.

Pay a medical bill

Another great way to hit the required spending is to cover an medical bill. If you do not have any medical expenses coming up then ask your relatives if you could pay them for theirs, and they will pay you back.

Make a payment to pay off the loan

If you’re in the middle of a loan, consider making payments on them with an credit card. Just make sure you pay off the credit card balance completely so that you don’t accumulate more debt.

Ask family for help

Talk to your family and see if they have any large expenses coming up that you can contribute for. Just make sure you are able to trust the person and that they understand why you’re doing this.

Buy presents

If it’s the holiday season, consider buying all your gifts using your credit card. So you’ll be able to reach the minimum spending requirement and also be prepared for giving gifts. Be sure to avoid paying more than you already contemplating to.

There are plenty of ways to make the most from using your credit or debit card for travel and earn miles or points to use towards airfares or other travel-related costs. Here are a few more ideas for maximizing your rewards

Book travel expenses with your credit card

If you’re planning a trip, make use of your travel credit card for booking your flight, hotel or rental car, as well as any other travel-related expenses. You’ll not only achieve the required amount to qualify for a credit card bonus and earn points, however, you’ll also earn points or miles to cover these expenditures.

Use your credit card to pay for your everyday expenditures

Another way to meet the minimum spending requirement to earn rewards is by using your credit card to pay every day expenses. This could include items like groceries, gas or even your phone bill. Just make sure to pay the balance off in full every month to ensure you don’t accrue interest charges.

Take advantage of bonus categories

Some travel credit cards will offer bonus points or miles on certain kinds of purchases, including dining or travel. Check out your credit card’s rewards program and take advantage of any bonus categories that align with your spending routines.

Take into consideration the possibility of transferring your balance

If you have existing debt on a high-interest credit card, consider transferring that balance onto an account with a travel credit card that has the introductory APR of 0% for balance transfers. This will allow you to pay off the debt without accruing interest, and also help you hit the minimum spend for the credit card’s bonus.

Make use of your miles or points wisely

If you’ve amassed a large amount of miles or points make sure you use them wisely. Check out the rewards program on your credit card and then compare the benefits of different redemption options. For instance you can use your points to purchase a flight directly through the airline may give you a better value than using them for a gift card.

Another option is to get an rewards card that permits you to transfer points to other loyalty programs. This allows you to get a wider selection of options and greater flexibility when you want to redeem your rewards. For instance, you might be able to transfer your rewards to the frequent flyer program of an airline or a hotel rewards program. This can give an access wider selection of hotels, flights, and other travel perks that aren’t accessible through the rewards program on your credit card.

In addition, you should find out the card’s benefits. some perks that could reduce your travel costs. A lot of credit cards provide travel insurance and rental car insurance, baggage protection and other benefits that can be very beneficial when traveling.

Finally, when you’re traveling with a friend, both of you can get rewards on your own credit card. Be aware that you cannot share the costs on the same card and make sure you keep track of your rewards separately.

In the end, the most important thing to do to making the most of your travel rewards is to understand the rewards program of your credit card and to ensure you’re using your credit card in the most efficient way possible. By using all of the methods I’ve described that you can earn rewards quickly, redeem rewards for valuable travel experiences and take advantage of a broad range of travel perks.