Happy Travel Tuesday! As you probably saw over on Instagram and Snapchat (cobaltchronicle), I went on a little family vacation down to Destin, Florida for a long weekend. (Michael and I used our Southwest Companion Pass so one of us flew for free!). It was wonderful! I’ll be sharing a few posts from the weekend later this week so stay tuned! But back to reality today and back to regularly scheduled programming here on Cobalt Chronicles. Today I want to share with you a little intro to accumulating frequent flyer miles, without flying!
In case you missed last week’s Travel Tuesdays post, check it out here before delving into today’s post.
First things first, the No. 1 myth about frequent flyer miles that we need to get out of the way is that you have to fly to accumulate miles – FALSE. This statement is so far from the truth, but it’s definitely what I thought up until about a year and a half ago!
Yes, you can certainly accumulate frequent flyer miles by flying, but honestly, ain’t nobody got time for that!
The most effective, efficient, and fastest way to accumulate points (frequent flyer miles OR hotel points) is through credit card sign up bonuses.
*Disclaimer: Throughout these Travel Tuesdays posts I’m going to talk a lot about credit cards. I am not a financial planner, advisor, accountant, or anything of the like. These tips and tricks that I’m sharing are methods that have worked for me personally. However, the ONE (and MOST important!) piece of advice that I’ll give is DO NOT OPEN any credit cards if you are not financially stable enough to pay every single balance, on every single card IN FULL each month. With that said, I am an open book and happy to help guide you along this path to travel freedom, so definitely let me know if you have any questions at all!
Ok, back to frequent flyer miles.
For example, if you were to sign up for the Southwest Rapid Rewards Premier Visa today (and get approved), you would earn 50,000 points so long as you meet the minimum spend requirement, which right now sits at $2,000 within the first 3 months of opening the card (the clock starts ticking on the day of approval).
As an example of how beneficial these credit card sign ups can be, to qualify for the Southwest Companion Pass (where your “companion” flies for free with you anywhere!), you need to accumulate 110,000 Southwest points in one calendar year. By simply signing up for the card and meeting the minimum spend requirement, you’ve already amassed almost half of the points you need to obtain the coveted Companion Pass!
Side Note – There are specific tips on maximizing the value of the Companion Pass, so hang tight, and I’ll share ALL you need to know to get the most out of it!
The logic here (and behind every sign up bonus) is that you’re going to be spending that $2,000 anyway (monthly expenses add up fast!) so you might as well be making some sort of profit off of the money that you’re spending rather than, say, using a debit card where you literally get nothing in return! (This is where the disclaimer from above comes in – you MUST pay off each credit card in full at the end of every month for this to work).
So now that you’re set straight on shaking that notion that you have to fly to accumulate miles, over the next couple of weeks I’m going to walk you through the best credit cards to sign up for to help you get more bang for your buck and travel more!
Remember, a little planning can take you around the world!
Let me know if you have any questions/comments/want a specific topic covered in the Travel Tuesdays posts! I love hearing from you guys!
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