Some call it a game yet others call it an obsession. We apply for the credit cards that offer the largest amount of points and miles and aren’t afraid to use those points and miles.
Over the past three years, since returning from our RTW trip around the world, we haven’t been afraid to put our good credit to use. We pay our bills on time and in full each and every month and have very high credit scores as a result. This means that when we apply for credit cards, cards that offer large and lucrative sign-up bonuses, we usually get accepted. We’re smart about what cards we use for what purchase and take the time to make a plan. In the end, we’re rewarded.
We’ve flown thousands of miles on thousands of dollars in airfares and only paid a few hundred dollars for the occasional airfare or credit card fee. We still have gobs of miles to spend and are generally accruing points and miles faster than we can spend them.
Over the coming months we’re going to talk more and more about the strategies we employ. We’re careful with our credit, consider it our most valuable asset, and watch it closely. Many of our close friends and family have watched this over the past few years and a few people have joined us in this ‘hobby’ while others still want more information as to how…so we’re going to tell you!
Stay tunes for now but watch for more over the coming weeks and months.
People often ask us how we manage our money while we’re abroad. Do we just use cash, can we use credit cards, how much do we pay in fees, etc. Although we have a nice little page (ishouldlogoff.com/finance) devoted to how we do this, there are a couple of things left unsaid on that page.
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