Sunday Success Story

Posted by Sunday, November 20, 2011, No Comments

Venetian Canal; photo by Andrew Ingersoll

Hi Rick,

I read your blog daily and always find it to be invaluable information. I wanted to share my success story since starting the miles and points hobby in July 2011. 

I started reading Flyertalk, MilePoint and your blog about four months ago. All had one recommendation for new folks: set a travel goal. My partner and I have talked about going to Europe for the last few years, but neither of us could agree on a budget for the flights. She can sleep anywhere, whereas I cannot sleep unless I am on a bed. So we have basically put off a trip to Europe for two years because we could not agree on a budget!


We always thought first/business class was too expensive to fly, so we just didn’t go. That is, until I started collecting points and miles. I started out small, and applied for three cards for myself back in July (American Express Platinum for the benefits, and two 75K American Airlines cards). My spouse was VERY skeptical about this new “hobby” but agreed to apply for two AA cards as well. Our goal was to fly either first of business class to Europe in the spring of 2012 and stay in nice/upscale hotels for two weeks. 

Since I thought the AA cards would take care of the flights, I realized I must start looking into hotels. The next month (August), I applied for the Starwood Amex personal for 30K points and with the $4.5K minimum and other spending, we now have about 45K points on that card, which should get us about 2-3 nights in Europe — still not enough for a two-week stay. So I began investigating other options. After a 60 day “cooling off” period between credit card applications, I applied for several Hilton cards (Surpass Amex, Citi Hilton, Hawaiian Airlines (xfers 1:2 to Hilton) and a Chase Sapphire Preferred). We are almost done meeting the spending minimums for our October app-o-rama and should have approximately 210K Hilton points once complete. 

Next stop for Carol!


The Hilton (210K), Starwood (45K), Membership Rewards (100K), and Sapphire (50K + 45K existing) will be roughly enough points to pay for all of our hotels during the two weeks we are in Europe! Given that we will be spending only $120 for each of us to fly and stay in Europe, we were finally able to agree on a budget and my spouse is definitely no longer skeptical! Our flights are booked (first class there and biz class return) and we are now looking at hotels for London, Paris, Rome, and Venice. Who knew that our hardest challenge would be choosing which hotels to book for low to no cost?!?!

Here is a breakdown of our miles/points accumulation since starting in July 2011:

  • AA – 300,000
  • Amex – 100,000 (+Starwood Gold status)
  • Hilton  –   250,000 (+Gold status)
  • Southwest -  150,000 (+Companion Pass)
  • Starwood  -  45,000
  • US Airways – 40,000 (for grand slam)
  • Ultimate Rewards -  95,000
  • Grand Total -  980,000 (in four months!!)


In addition to meeting our goal of a cheap Europe trip, I also applied for both the Southwest personal and biz cards for 100K points. Since we already had 10K points from flying, this gave us a total of 110K points, enough for a companion pass for the rest of this year, and all of 2012. We fly for pleasure about two times a month on Southwest, so this will save us a ton of money!


A huge thanks to your blog and all the other blogs and message boards for providing great information on how to travel for little to no cost. This hobby has truly been a life changing experience for us.

Regards,
Carol (“carwag25″)

50,000 Thank You Points, $2,500 minimum spend !

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    Instead of paying for the credit score analysis I recommend first getting a free copy of all 3 reports then disputeing something on them every three months so that way after the dispute resolution you can order another free report. This should be staggered a monthy before the quaterly credit card churn. This way one does not have to pay a credit monitoring service at the tune of at least $100 per year. Essentially you are also churning your credit reports in order to get a free continuously update credit report a month before the credit card churn.

  • Anonymous

    Costco as a credit program that is very reasonably priced. There is another company called identity secure however the program I was on limited me to one report every 90 days. American Express had a good one that is only a bit more than the price you are paying as noted in your post.

    Mike

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    The above link is for $5/mo

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    When do you cancel cards with annual fees and how does this impact the report? Is there a trick to timing cancellations?

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    You can try also try http://www.creditsesame.com

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    @ace, the webpage showed $12.95/month, not the $5/month you stated.

  • deltagoldflyer

    @Anon – (reg creditsesame.com) you mean like looking just to the left of your comment on Ingy blog?

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    @Ace – when I go to that Citi link it shows $12.95/mo?? not $5

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    the correct citi link is:

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    You need the sourcecode to get 4.95/mo.

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    VantageScore isn't really used by any bank/credit union for checking your credit worthiness. It was just created and pushed by the credit bureaus to take over the monopoly that FICO enjoys, but they haven't been successful. Its not a bad estimate, but neither is the score from free sites like quizzle, creditkarma, etc. Like someone else said, it is valuable to check one of your credit reports from each bureau for free every 4 months at annualcreditreport.com. As far as monitoring, it is far more effective to prevent id theft and cheaper per year to do a credit "freeze", although you have to go through the hassle of "thawing" it before you apply for credit again.

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    I want to get better at churning since I am a newbie. I got three credit cards between April and May….when am I supposed to cancel them? Or do I cancel them? Should I ask for a fee-free version of the card? I know dropping them will hurt me but for how long? I don't like the idea of having too many credit cards….I just want to settle on one.

  • Faith

    You are an inspiration as always. Love those scores. I hope I'll be up there some day. Mine are great but not like yours!!! Do you have a limit to the amount of cards you will have open at any given time. Just curious. I'm at the 9 mark just wondering if I should keep it there or more might be okay.


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