by The Point Buddy Team

theperkpath.com

@pointbuddyperks

Welcome to the world of credit card and travel hacking! If you’re just starting out, this guide will provide you with a high-level overview of what it’s all about, how to get started, and how to maximize your benefits while staying financially responsible.

What Is Credit Card & Travel Hacking?

Credit card and travel hacking involves using credit card rewards programs to earn points or miles, which can then be redeemed for free or discounted travel, such as flights, hotel stays, and rental cars. By strategically choosing and using credit cards, you can significantly reduce your travel costs.

Disclaimer

*Running up credit card balances to meet sign on bonuses and not paying off cards in full every month can be very costly and negatively affect your credit. If you intend to achieve status and earn points via credit cards please take the time to make a plan and consider any risks associated. We do not encourage going into debt to travel when you cannot afford to do so, but if you are a responsible credit card user the rewards can be very lucrative.

Key Concepts

1. Sign-Up Bonuses

• What It Is: Credit card companies often offer large bonuses when you sign up for a card and meet a minimum spending requirement within a few months (e.g., spend $3,000 in 3 months to earn 50,000 points).
• Why It Matters: Sign-up bonuses are the fastest way to accumulate points and miles.

2. Earning Points & Miles

• How It Works: Cards earn points/miles on every purchase, with some categories earning more (e.g., 3x on dining, 2x on travel, etc.).
• Pro Tip: Focus your spending on cards that maximize points in categories you use the most.

3. Redemptions