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How To Maximize Credit Card Points for Travel

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Manage episode 512758229 series 3593276
Content provided by The New York Times. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The New York Times or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This week, we’re exploring how to travel for less, and in this episode we discuss how to smartly augment a travel budget with credit card points.

Brian Kelly—founder of The Points Guy and author of How to Win at Travel–pulls back the curtain on exactly how these programs work, the crucial pitfalls to avoid, and the little-known strategies for scoring the best deals on flights and hotel rooms.

For more affordable travel advice, don’t miss our earlier episode with Elaine Glusac (aka the Frugal Traveler). And find our recommended travel gear below.

This episode covers:

  • Why you should pay down debt first: The points game only works if you’re debt-free. Any interest you pay on a carried balance cancels out the value of the points you earn.
  • How rewards programs are funded: Credit card companies primarily make money through an "interchange" fee (usually around 2%) paid by vendors on every purchase. The credit card company then gives a portion of this money back to you as rewards.
  • How to maximize everyday purchases: Audit your monthly expenses (groceries, eating out, gas, etc) and get a card that offers the highest rewards on those purchases.
  • Why you may want to prioritize “transferable” points: Cards that offer transferable points (from major banks) can be converted to many different airline and hotel partners, giving you maximum flexibility for travel.
  • When it’s worth using awards tickets: Flights booked with an airline's rewards program are often fully refundable and changeable up until departure at no extra cost, unlike standard cash-fare tickets.

ALSO: If you have a question about gifts, we want to hear from you for upcoming mini series! Send your question as a voice memo to [email protected].

Additional reading:

We independently review everything we recommend. When you buy through our links, we may earn a commission. Learn more›

Wirecutter Social and Website

Instagram: /wirecutter

Threads: /@wirecutter

Twitter: /wirecutter

Facebook: /thewirecutter

TikTok: /wirecutter

LinkedIn: /nyt-wirecutter

Website: https://www.nytimes.com/wirecutter/

Newsletter: https://www.nytimes.com/wirecutter/newsletters/

The Wirecutter Show is executive produced by Rosie Guerin and produced by Abigail Keel.Engineering support from Maddy Masiello and Nick Pitman. Episodes are mixed by Catherine Anderson, Efim Shapiro, Rowan Niemisto, Sophia Lanman, and Sonia Herrero. Original music by Dan Powell, Marion Lozano, Elisheba Ittoop, and Diane Wong. Wirecutter’s deputy publisher and general manager is Cliff Levy. Ben Frumin is Wirecutter’s editor-in-chief. Hosted by Rosie Guerin, Caira Blackwell and Christine Cyr Clisset.

Find edited transcripts for each episode here: The Wirecutter Show Podcast

  continue reading

80 episodes

Artwork
iconShare
 
Manage episode 512758229 series 3593276
Content provided by The New York Times. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The New York Times or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This week, we’re exploring how to travel for less, and in this episode we discuss how to smartly augment a travel budget with credit card points.

Brian Kelly—founder of The Points Guy and author of How to Win at Travel–pulls back the curtain on exactly how these programs work, the crucial pitfalls to avoid, and the little-known strategies for scoring the best deals on flights and hotel rooms.

For more affordable travel advice, don’t miss our earlier episode with Elaine Glusac (aka the Frugal Traveler). And find our recommended travel gear below.

This episode covers:

  • Why you should pay down debt first: The points game only works if you’re debt-free. Any interest you pay on a carried balance cancels out the value of the points you earn.
  • How rewards programs are funded: Credit card companies primarily make money through an "interchange" fee (usually around 2%) paid by vendors on every purchase. The credit card company then gives a portion of this money back to you as rewards.
  • How to maximize everyday purchases: Audit your monthly expenses (groceries, eating out, gas, etc) and get a card that offers the highest rewards on those purchases.
  • Why you may want to prioritize “transferable” points: Cards that offer transferable points (from major banks) can be converted to many different airline and hotel partners, giving you maximum flexibility for travel.
  • When it’s worth using awards tickets: Flights booked with an airline's rewards program are often fully refundable and changeable up until departure at no extra cost, unlike standard cash-fare tickets.

ALSO: If you have a question about gifts, we want to hear from you for upcoming mini series! Send your question as a voice memo to [email protected].

Additional reading:

We independently review everything we recommend. When you buy through our links, we may earn a commission. Learn more›

Wirecutter Social and Website

Instagram: /wirecutter

Threads: /@wirecutter

Twitter: /wirecutter

Facebook: /thewirecutter

TikTok: /wirecutter

LinkedIn: /nyt-wirecutter

Website: https://www.nytimes.com/wirecutter/

Newsletter: https://www.nytimes.com/wirecutter/newsletters/

The Wirecutter Show is executive produced by Rosie Guerin and produced by Abigail Keel.Engineering support from Maddy Masiello and Nick Pitman. Episodes are mixed by Catherine Anderson, Efim Shapiro, Rowan Niemisto, Sophia Lanman, and Sonia Herrero. Original music by Dan Powell, Marion Lozano, Elisheba Ittoop, and Diane Wong. Wirecutter’s deputy publisher and general manager is Cliff Levy. Ben Frumin is Wirecutter’s editor-in-chief. Hosted by Rosie Guerin, Caira Blackwell and Christine Cyr Clisset.

Find edited transcripts for each episode here: The Wirecutter Show Podcast

  continue reading

80 episodes

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