Your Prescription for Free Travel
By
The Points Doctor™
.
A little over a year ago I “Stumbled Upon” (
www.stumbleupon.com) a travel blog
written by a 20-something who was traveling the world with little or no
money.
How was this kid able to take
these fabulous vacations, multiple weeks a year, which could cost $10,000 or
more each? What was his secret? How was it possible for him (or anyone for that
matter), to fly first class to some of the world’s finest resorts, in some of
the most exotic locations, and do it for a small fraction of the cost?
By adopting his strategy, so far in 2012 my wife and I have
spent a week in St. Thomas in a 2 BDRM suite, a week in Aruba with our adult
children, a Father/Son baseball trip to St. Louis for the weekend, yet another
trip with my wife to Aruba for two weeks, a weekend in NYC at the Waldorf
Astoria, and an upcoming week in a beachfront suite at the St. Regis in Puerto
Vallarta.
OK, so these aren’t all exotic
locations from all around the world, but still pretty nice.
In 2013, we have plans for a family baseball
trip, two weeks in Europe (in lay-flat First class seats), a return trip to
Aruba, and a Napa Valley wine country tour following a trip to Seattle (again flying
first class). That’s just the first half of 2013.
All those trips combined in 2012 and the first half of 2013
“cost” me about $5000 plus 500K hotel points and airline miles. We will be
staying in places like the Park Hyatt Vendome in Paris and Hyatt Andaz
properties here in the States.
The best
news of all is that after all those point redemptions,
I still have over 1.5 Million miles and
points left! I have elite status with both American
Airlines and US Air.
Baggage fees, not
us!
I have mid or top tier status with
Marriott, Hilton, Hyatt, Starwood, Accor and Club Carlson hotel chains.
We get upgraded to preferred rooms, club
floors or suites all the time because of my hotel status.
I don’t usually pay for internet or breakfast
either during our stays. The most amazing thing of all is that my spending
isn’t that much different from the days of having only two AA credit
cards.
Nowadays, I just employ an
awesome miles and points earning and redemption strategy.
Disclaimer:
The techniques depicted in this article
involve signing up for multiple credit cards, sometimes on the same day, and
then possibly canceling them before the annual fee is due.
Sometimes you will re-apply for those same
cards over again. (Called
credit
card churning).
In the short term,
your credit score could decrease, but in the long term it is likely to have
little to no effect at all. (See figure 1). In fact,
someone with a short credit
history may actually see their credit scores improve by applying for multiple
credit cards. If you are in
need of a mortgage or large loan within the next 12-18 months, I would suggest
that this strategy is not for you.
However, if you are like me, have a successful Dental Practice that
spends lots of money on lab bills, supplies, advertising, etc, have a good
credit score, pay your bills on time, and don’t need to borrow money anytime
soon,
then this is your ticket to free travel! Let me show you the way.
(Figure
1)
This is my actual credit score history from March 2012 to
November 2012 when I began using MyFico.com to monitor my credit on a monthly
basis. In that time, I have applied for and received eight new
credit cards. My overall score has
changed very little. Credit experts will tell you as long as your
score is over 760, you will be offered the best loan rates by banks. I employ
two credit-monitoring services. Credit
Karma is free. MyFICO.com is
$15/month.
I would suggest that anyone who utilizes this strategy
should have a credit report done prior to getting started. Your credit is one of your most valuable
assets. Using this approach correctly
will not damage your credit as long as you pay your debts on time and in full each
month. Paying interest or fees on these
cards will quickly erode any value you might gain from the points.
The techniques used in this article while simple, may be
easier to implement correctly when used in conjunction with reading my
blog.
I am here to help you navigate
your way through this process
. For
more in-depth information on credit scores, the application process, the best
current deals available and much more, visit www.ThePointsDoctor.blogspot.com.
If you like what you've read,
please click the +1, then join others and follow me by adding your name to our subsciption list at the top of this page.
About THE POINTS DOCTOR™
THE POINTS DOCTOR is Bruce J. Wilderman DDS of Artistic Expressions Dentistry. Dr. Wilderman has a practice limited to Cosmetic Dentistry, serving patients of the Philadelphia Area since 1986. He and wife of 40 years have enjoyed traveling the world in first class since 2012 for little or no money with the points and miles they have earned from the credit card companies. Dr. Wilderman with his 10+ years of experience in the field of miles and points would love to teach you how to do the same. You may reach him at ThePointsDoctor@gmail.com.
Disclaimer: In exchange for some of the links provided
by me on my blog, I will receive a small compensation from the banks for your
referral. While it is not necessary to
use them, I always appreciate the use of my sign up links. I will always provide the most current
and best credit card sign-up bonuses on my blog regardless of whether or not I
receive compensation.
consider yourself followed (umazg on DT)
ReplyDeleteThanks Andrew. This has been a lot of fun so far. I have gotten a lot of interest from my friends both dental and non-dental since I started churning cards. I thought "why not share this with other Dentists"? We are the perfect candidate for this strategy. We have no difficulty meeting minimum spend requirements. Other blogs talk about all the ways to meet them, but they are nckel and dime strategies. Who else but another Dentist understands our unique business?
ReplyDeleteThanks for the info, I look forward to reading more.
ReplyDelete