I went to Spain in June!
If you reacted to that statement with the thought, “I wish I could do that…” you really can do that. I promise. What’s stopping you from traveling? The usual culprits are money and time. Time…well, that’s in short supply for everyone, but having money to travel doesn’t mean you need to be rich. Ever heard of travel hacking?
The idea is this: credit card companies are willing to give out a lot of rewards for the honor of having you as a customer. They bank (ha!) on you running up a balance and not paying it off each month, so they can charge you boatloads of interest. Pay the balance on time, however, and instead it can be a nifty way to get some really good perks. For example, Chase has a credit card which earns you one United Airlines mile for every dollar you spend. This is a good start, but buying a plane ticket can easily cost upwards of 50,000 miles, and that will take you quite a while. So, people look for shortcuts, known as travel hacking: the fine art of maximizing your rewards in order to earn free flights as quickly as possible.
For example, that same Chase card gives a 50,000 mile sign-up bonus if you hit the spending goal within the first few months of having the card. That’s enough for a flight right there! This is the card I’ve been using lately, and I’ve earned over 100,000 miles since I opened the card late last year.
With a few credit cards like this opened, the sign-up bonuses add up quickly. A good breakdown of the available travel credit cards and how to choose the best one for you can be found at http://www.nomadicmatt.com/travel-tips/picking-a-travel-credit-card/. Things to look out for when picking a card include: a large sign-up bonus with a low spending minimum, how many points you earn per dollar spent (usually 1:1, though some cards give you more), low annual fees (it’s easy to spend more on annual fees than you would save, if you don’t fly often!), and no foreign transaction fees. Also, make sure the card you get allows you to transfer points into the miles you need: no use getting the United card if you only fly American Airlines!
If you’re really bored, you can sign up to take surveys for miles: it’s tedious, but does add up over time. United Airlines has programs with http://www.e-miles.com/ and http://www.e-rewards.com/. The sooner you start with these programs, the sooner you can be pleasantly surprised by the amount you’ve earned! In addition, airlines have shopping programs, where you go through their website when making purchases online and earn several miles per dollar you spend (for United, the site is https://www.mileageplusshopping.com/). Finally, you can earn bonus miles by eating at restaurants who have partnered with the airlines, found at http://mpdining.rewardsnetwork.com/.
There are lots of other tips: people who make travel hacking an art try to avoid spending money if it doesn’t help them earn miles in some way. A quick search online will reveal myriad websites dedicated to finding the best and easiest ways to get free flights. My favorite resources are: Nomadic Matt (www.nomadicmatt.com), a travel blogger; and The Points Guy (thepointsguy.com), a very thorough site with credit card reviews and a ton of other information for maximizing your rewards, gaining elite status, and getting the most out of your miles. Here is an excellent guide to getting started: http://thepointsguy.com/beginners-guide/.
The idea behind travel hacking is that travel should not be unobtainable, and that you can in fact get a plane ticket without it costing you a limb or two. So, next time you hear about someone’s travel plans and think “I wish I could do that…” take some steps to do it for real. The only issue at that point is finding the time to travel, and unfortunately no one’s covered “time hacking” yet…