I’ve been thinking about this for a long time, but today I finally jumped and took the plunge! I’m going to figure out how to maximize using reward points to help me travel. Since I make less money than I used to, but my desire to travel is as big as ever, I need to find a way to make it happen. When I bought my first house, I used my credit card points to buy towels, pots/pans, and other decor. It worked out nicely!
First off, this world is pretty complicated. I mean, there are probably thousands of credit cards out there. It’s not like you can sample cards and figure out which one works best. You can’t continue to open and close cards either because it can affect your credit score. Two big sites helped push me over the edge – Mint.com and The Points Guy. I’ll have a separate blog post about Mint.com, but I’ve been a fan of The Points Guy for a while. He has a beginner’s guide that I found very interesting and helpful. Stay tuned as I start to learn more, but so far I decided to take the following steps…
- Applied for Chase Sapphire Preferred card (crazy how fast you can get approved!) which is supposed to be great for travel. Plus, it doesn’t have foreign transaction fees which I need for my trip to Zurich in February.
- Made an account and started linking my reward programs to AwardWallet. It’s a free site (there is a Plus version), but essentially it tracks all reward programs (airlines, food, hotel, etc). I had tried TripIt Pro‘s program in the past, but I didn’t like it. One day in, and so far I like AwardWallet. More to come!
- Researching other ways to save or grow money. Currently looking at Acorns, Wallaby, Mint.com, and general budgeting techniques.
Once I start to figure things out, I’ll keep you posted. Any tips or experiences would be appreciated! I have some big goals…I can’t wait to turn these clip art pictures into my real pictures! Switzerland, Paris, and Machu Pichu – here I come! Until next time, happy wanderings!