That way, I don't unnecessarily pay for things like car rental insurance or travel insurance if it already comes with my credit card.ĭuring my travels, I put everything on my card. While I don't use all the travel-related perks that come with my credit cards, I try to keep them in mind when traveling. These include no foreign transaction fees, lost luggage protection, car rental insurance, travel accident insurance, trip delay reimbursement, and anniversary statement credits. I make the most of perksīoth of my cards come with travel-related perks. I can also use points from multiple credit cards from the same company on a single reward. If I ever book a flight, car rental, or hotel stay using my credit card, I make sure to book it through my card's portal, which gives me extra points.ĭepending on which card I use (and the type of booking), the points I earn are often anywhere from triple to 10 times the number of dollars I spend. My two go-to credit cards I used for travel are my business credit card for work trips, and my travel rewards credit card for personal vacations.įor example, I used points earned from my business card to book a hotel for a trip to Santa Fe, New Mexico, and also to book a flight and one-night's stay for my Jackson Hole retreat. In the past year, I started to let myself redeem points for my vacations. I used to hoard travel reward points for no good reason. I use my credit card rewards to book hotel rooms and flights That way, the money is there when I need it. Rather, I automate my savings and stash $200 a month without an end date in mind. I don't really have a target date or specific amount I need to save for. For personal trips, I set up a vacation fund in my high-yield savings account and stash money into my account. Instead of racking up a balance on my credit cards, for business related vacations, I tap into money in my business savings account. I might also take a weekend getaway with my family to Las Vegas and a potential trip to Portland to visit a few good friends. This summer, I have a writer's retreat in Jackson Hole, Wyoming, lined up to spend time with fellow freelance writers in the personal finance space. See Insider's picks for the best travel credit cards » I set aside savings every month Here's how I make use of my credit cards and points for summer trips. Instead of carrying balances on my cards for the summer, I save for vacation ahead of time. That being said, there is another way I make the most of my credit cards for summer travel. Sure, what's not to like about potentially traveling for free? But the work involved in devising ways to optimize your earned credit card reward points, juggling multiple cards, learning the ins and outs of credit card travel portals, and remembering when I need to use annual bonus rewards? Managing all those details just isn't for me. By clicking ‘Sign up’, you agree to receive marketing emails from InsiderĪs well as other partner offers and accept ourįull admission: I tend to give folks the eye roll when they talk about credit card travel hacking.
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