Posted: 4/1/2015 10:44:24 AM EDT
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Has anyone done it? I want to go to Bora Bora... |
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Quoted:
Has anyone done it? I want to go to Bora Bora... http://www.forbes.com/sites/learnvest/2015/03/30/how-i-took-195k-worth-of-vacations-almost-entirely-on-credit-card-points/ A friend of mine puts ALL of the expenses for his business on his Amex, and pays them off at the end of the month. His pay-per-click, facebook, and other advertising run pretty high. They have a hard time taking enough vacations to use the points, they get enough that the entire family can fly wherever they want more than once per month. My day job does it too, the corporate amex pays for EVERYTHING, for all of the points. Usually the big-wigs take trips and what-not, but sometimes they just tell people "Hey, you're doing a great job, want some plane tickets to wherever you want?" |
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No, but my wife did just get an NFL card from Barclays that's going to give us what amounts to a $100 bill credit for spending $500 in the first 90 days. I may use that to fund a desktop computer build since my laptop is literally falling apart.
ETA - I run across this often though, business owners often using Amex, etc. to run expenses through and paying it off. Doesn't take much to get to a million points when you're running hundreds of thousands of dollars through an account on a monthly basis. |
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I think this would be an excellent idea
http://dereklow.co/what-its-like-to-fly-the-23000-singapore-airlines-suites-class/ |
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Yes. I rotate my Citibank AA cards, as the new offers come around. From new card applications alone, I received 200k in AA miles in the last year. I use these cards for all business and personal purchases.
The year before I did the AirTran offer, which gave me 2 business class tickets. The way it worked out, I was able to use these to buy 4 round trip tickets instead. I closed the account now. Wait 1 year and apply for the Southwest card (they bought AirTran and the card was going to be automatically switched). Those that worry about credit score, Citi gives it to you for free and mine shows as 841. |
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Show her the rewards aspect. Look at the program too. Some of the Venture cards say 35k free miles (or whatever). 35k equals $350. That is nothing. My upcoming family trip to Belize was 18k per person, roundtrip. Considering the airfare price was $1289, the actual airline reward is a much better deal. Never mind my first class ticket prices to London. The 100k sign up bonus covered the trip for 2 of us, but the card cost $350. The card includes access to the airline lounge. The mileage bonus made it easily worth it and the family likes the access to the lounges (food, showers, etc.).
Southwest has good sign up bonuses too. Sign up, use the rewards, cancel the card. You have to wait a year before applying again 
Good info can be found here--- Million Mile Secrets |
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Quoted:
I think this would be an excellent idea http://dereklow.co/what-its-like-to-fly-the-23000-singapore-airlines-suites-class/ WOW. |
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I hope the author realizes that the IRS considers that "free" stuff and "airline miles" as taxable income...I didn't make the rules, so if you gotta flame then flame the IRS. Not really. http://www.creditcards.com/credit-card-news/frequent-flier-rewards-points-taxable-1282.php |
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Quoted:
Has anyone done it? I want to go to Bora Bora... http://www.forbes.com/sites/learnvest/2015/03/30/how-i-took-195k-worth-of-vacations-almost-entirely-on-credit-card-points/ Taken multiple flights to Asia. First class. With the wife. Didn't pay for flights or hotels. It works. |
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My brother does it as a hobby. He makes just over $8K a year. Credit card freebies, bank account start up freebies, frequent flyer points, etc. Sometimes they give him more cash when he does a cancellation. He uses Excel to keep track of it.
Yeah, he has no other hobbies to take up that much time. No way I could do it and keep it straight. There was a way to order coins on a credit card from the US mint to show required activity to get your cash back or miles, and all you had to do was sell the coins back to the bank. I think they shut this down. |
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Quoted:
My brother does it as a hobby. He makes just over $8K a year. Credit card freebies, bank account start up freebies, frequent flyer points, etc. Sometimes they give him more cash when he does a cancellation. He uses Excel to keep track of it. Yeah, he has no other hobbies to take up that much time. No way I could do it and keep it straight. There was a way to order coins on a credit card from the US mint to show required activity to get your cash back or miles, and all you had to do was sell the coins back to the bank. I think they shut this down. US mint has been dead a long time. Walking in to the bank with 20lbs of coins gets old, but it was a no fee way to rack up spend. |