Dipping in a Toe: The First Steps for Starting Reward Travel

Hey there everyone,
How are you guys liking the new format? I figured since I finally had enough content, it was time for a refresh on the website. I think the new look is pretty cool, and helps to highlight a lot of the awesome pictures that we have. (Not that I’m biased). Anyway, today I’d like to talk to you guys about the actual steps, in order, that you should take if you’re looking to start into the rewards travel game. Credit for this idea goes to my aunt, whom I am attempting to corrupt at this very moment. (Hi Angie!) Anyway, I realize that a lot of these posts probably come off as complicated for someone just looking to start in the game. Hence, this post.

a2a54309-e28c-421e-beb5-df594fcbea62The first question you always want to answer when looking to start points hacking is what do I want to do with these points? I know that may sound simple, but there are so many different options available to you that knowing what you want to do first gives you a really good direction from which to start.

I, for example, wanted to fly to Europe for free. I had read a few blogs stating that the British Airways signup bonus (50,000 British Airways Avios) was enough to get you to Europe and back, twice, if you flew from Boston. So that’s where I started. In August of 2015 (believe it or not) I got my first card, and from there everything has built upwards.

But what if you wanted to do something else? What if you wanted to go to Hawaii? Or take a once-in-a-lifetime trip to an all-inclusive resort in the Bahamas? Each option requires different rewards, and figuring out all the information can be tough.

First things first, though. You can’t get into the reward travel game with bad credit. Banks are giving out these offers in the hopes that you’ll continue to be a loyal customer, and they aren’t willing to risk this kind of money on people who don’t have good credit. So:

  1. Check your credit. There are numerous websites that will offer you a free credit score, even as often as 1x a week. I personally use Credit Karma, Credit Sesame, Credit Journey, and Nerd Wallet to check my different scores. Credit Karma will offer you both your Experian and Transunion score, which banks pull most frequently from, so I’d go with them first.
  2. Look up credit card specials. The Points Guy has a top 10 list of credit card offers that they maintain, along with different and excellent ways to maximize your points. If you’re worried that your score isn’t good enough, nerdwallet.com will tell you your approval odds for each card.
  3. Decide where you want to go. Bali? Argentina? Hawaii?
  4. Get your first card. For people whose scores hover in the 700’s-720’s, or for someone who doesn’t have much credit built up (not many loans, past credit cards, etc) I would recommend going with mid-level credit cards rather than top-tier right away. Let the banks build their trust in you. Some of these cards include:
  • Chase Sapphire Preferred– the little brother of the Chase Sapphire Reserve, this card still offers 50,000 points to sign up and a minimal fee of $95/year (waived the first year)
  • Hilton Honors American Express, either the Surpass, which is $95/year, or its little brother, the no fee version. The no fee card currently has an increased signup bonus of 75,000 Honors points.
  • AAdvantage Aviator Red card, which is $95/year and offers 40,000 points after your first purchase.

5. Follow different blogging sites, which will tell you awesome deals as they occur and keep you up to date on specials. Often, it can be worth your while to purchase airfare on sale and save your points for lodging. I follow View From the Wing, Secret Flying, Travel Pirates, The Points GuyDeals We Like, Running With Miles, Flyer Talk, Award Wallet, and many more. For the most part, I keep up to date on Facebook, which is a constant feed of the best specials out there.

6. Google is your friend. Want to know the best way to spend 100,000 American Express points? Google will give you a hundred top ten lists, and you can peruse at your leisure.

7. Read my blog! I know, I know, shameless plug, but I’m going to start highlighting different ways to spend points for vacations, because I realize that just deciding where to go and how to do it can be a little…overwhelming.

Was this even helpful? It seems like a primer guide is a little difficult to write. Anyway, the most important takeaways are these: know your credit score. Know it like the back of your hand. Have an idea in mind and apply with purpose- don’t start off just hoarding points. If United miles get you there faster, get a United card. If Southwest does the trick, get Southwest. Never carry a balance. It will tank your score and leave you unable to peruse further points accumulation. And finally, remember to have fun! These are points with a purpose, and using them correctly can give you amazing, unbelievable adventures that you would have never thought possible.

-Carissa.

P.S. I’ll be back later with vacation ideas because who doesn’t like to dream?

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