It was a bonanza day for me meeting another Frugal Travel Guy reader in San Jose. Dmitriy has been sending me deals, asking questions and learning the tricks of the trade for over a year now. It is always great to put a name with a face.
He has helped me with the Accor deal, given me more ideas on how he handles retention bonuses with Citiblank (he is much more aggressive than me) and generally been a very supportive reader. In fact, he even watched me play poker one evening on Pokerstars and offered some suggestions on my play.
The point of my post being, we all come from different backgrounds and have different needs for cheap travel. Dmitriy has amassed over 800,000 miles since joining the frugal gang, very little of it from actual flying. But he has used those miles to go to Korea and China and still wants to learn more. We talked about mileage runs and elite status, things he is not involved in yet.
Being considerably younger than Katy or I, it became evident again,that status is not necessary for all flyers. You young pups can curl up in a coach seat for hours on end. Katy and I just can’t do that anymore.
So we share our experience, develop a new friend and both move on down the road better for the experience. Thanks Dmitriy.
And his Citibank tip on retention: He calls to cancel his card right after his initial sign up bonus miles posts. He indicates to Citi he found a better card for himself and he wants to cancel. Citibank has been offering him 2 miles per $ for a period of time and in some cases more bonus miles for keeping the card, even when it is just several months old. Try it and see what happens.
We also talked about credit card usage in relation to credit limit. If you don’t want your score to take a nose dive, try not to get greedy when ordering coins. A $7000 balance reported to a credit reporting agency on a card with a 7500 limit is a red flag that will effect future card approvals. And unfortunately, we never know what day the bank is reporting the current balance to the reporting agency. It may be the day you increase your balance?????
“Pigs get fat and hogs get slaughtered”. Try to keep your spending to under 50% of your credit limit to protect your credit score from short term swings.
Citi ThankYou® Premier Card
- Annual Fee: $95 fee waived for the first year
- Foreign Fees: No
- Card Type: Bank
- Earn 50,000 bonus ThankYou Points after $3,000 in purchases within the first 3 months of account opening - redeemable for $500 in gift cards, $625 for airfare, or other great rewards.
- Earn 3X ThankYou Points on Travel including Gas, 2X ThankYou Points on Dining Out and Entertainment, and 1X ThankYou Points on Other Purchases
- ThankYou® Points are worth 25% more when redeemed for travel through thankyou.com, as compared to gift cards
- No foreign transaction fees on purchases
- Points do not expire and earn unlimited ThankYou Points
- Annual Fee: $95 (fee waived for the first 12 months)