Check out our guest post over at Get Rich Slowly. Here's a brief excerpt:
My husband and I used to think we were savvy, using a cash-back credit card for most of our spending. But given how much we enjoy international and luxury travel, it was actually a huge mistake. We now strategically apply for travel credit cards that offer attractive sign-up bonuses and we direct our spending to the credit cards that offer the best category bonuses for the type of purchase we’re making. Here’s why:
1. Travel first class or business class internationally
Thanks to four credit card applications, we were able to book two first-class round-trip award tickets on Cathay Pacific to Bali, via Hong Kong, for this past summer. These tickets retail for more than $20,000 each, which we would never pay cash for, but the experience was fantastic and was a memorable part of our vacation. And because we know how to use credit cards to our advantage, this isn’t just a once-in-a-lifetime experience—we plan to travel first class or business class internationally at least once a year, with the miles and points we’re earning. And thanks to using miles and points for award flights, we’re able to use our trip budget for some incredible hotels, restaurants, and unique local experiences that otherwise would have been a stretch to afford, if we had to pay for airfare.
2. Fly great airlines: Lufthansa, Cathay Pacific, Singapore Airlines, Qatar and others
If we were talking about domestic first class or even first or business class internationally on most American carriers, it would be hard to get too excited. But the great thing about the United Airlines and American Airlines miles and points you earn is that they can be redeemed on Star Alliance and oneworld airline partners, respectively, such as Lufthansa New First Class, Singapore First Class, Asiana and others in Star Alliance, and Cathay Pacific First Class, Qatar, Etihad and others in oneworld. These are among the very best airlines in the world, with seats or suites, dining and service to match. Your credit card miles and points can get you access to award seats that let you travel for just the cost of taxes.
Read the full post at 8 Reasons You Should Throw Away Your Cash Back Credit Card if You Love to Travel
Related posts
Understand How Your Credit Score Works to Maximize Credit Card Rewards
Lufthansa New First Class Review
Cathay Pacific First Class Review
10 Best International First Class Seats for Award Travel
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