Tuesday, December 27, 2011

My perception of credit cards has changed...

Here's the plan:
  1. Sign-up for credit cards that offer generous frequent flier mile bonuses
  2. Use said cards to pay everyday expenses such as bills and gas (not new clothes, vacations, etc.)
  3. Pay balance in full each month so no interest accrues
  4. Reap rewards including free flights, rental cars, hotel rooms
  5. Go to http://travelhacking.org/meaganp-wants-you and sign-up for the Travel Hacking Cartel for a better explanation (and I'll get bonus miles for referring you)
Cody now has a Delta Gold Visa and I have a American Express Citi Mastercard for this purpose. I feel that we have proven ourselves responsible enough with our finances to have credit cards for one explicit purpose and not go insane with them. In fact, they stay neatly glued to their acceptance letters inside page protectors inside our budget binder. I'll update on our progress periodically. If all goes well, I'm hoping for a free flight by the end of summer 2012.

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