How you can travel for free with credit card points? If you are planning to travel to your dream destination but always fall short of money, then here is a way by which you can earn at least free tickets and free hotel stay. You just need to plan well enough in advance. Banks are constantly tempting new customers to sign up for credit cards with large point bonuses and we are here to help you with their utilization.
- Choose the right set of cards and spend a lot
Yes, a free flight ride is possible with flyer miles even if you are not that frequent of a flyer. But how to go about it?
The first step is to open a credit card account just before you know that you will be spending 2 lakhs to 3 lakhs within three to four months. This expenditure will allow you to get at least the signup bonus. Also, if you spend in the right categories, your points can double or triple easily.
So, if you have some wedding to attend or any function to organize, use your credit card to make all the payments. Just spend using your credit card and make the payment in full every month.
- Pay your balance –on time and in full
This is a non-negotiable term if you want your reward points scheme to continue. The whole benefit of following this article is only if you will be able to pay the debt. There’s no value of reward points if you are accruing credit card debt. We are asking you to use the credit card as a substitute to cash or debit card. Do not use the credit card if you don’t have the money to repay it.
Don’t even think about carrying a balance on your card. It never helps your credit score. You are not getting any benefit if you are forced to pay hefty monthly interest and tank your credit score with late payments.
You should never open more credit cards than you can handle. This will only put you in a situation where you will feel like spending money that you don’t have. Read about Indian families who are drowning in debt to the point of financial ruin.
- Use your points for travel – make the most value out of your money
Now, consider a hypothetical situation. There is three months before you have a wedding or a function or you are just going to spend lakhs. You opened three cards in last 18 months. Now, you have earned over lakhs worth of points. What to do next?
Just compile all of these points into one card, if possible. You just need to redeem these points at different places.
So, what can you get with lakhs worth of points?
To be honest, an amazing trip for two people would be easy with these points. Get flight tickets with these points and book a nice 4 stars hotel for some days. You can travel to your dream destination for much less money or even free, if you earned the right points.