52. Strategy, Transferable Points, and Card-Canceling Mistakes: Listener Q&A
Point Me To First Class
Devon Gimbel MD
5 • 1K Ratings
🗓️ 26 February 2024
⏱️ 69 minutes
🧾️ Download transcript
Summary
What do you do with cards once you’ve had them for a while and you’ve already earned the welcome bonus? How many cards is too many for you? What strategy will allow you to accumulate millions of points over one year? These are just some of the questions I’m covering in today's Q&A episode. I’m discussing specific cards, points currencies, and strategies that will help you achieve your points travel goals, as well as covering some redemption opportunities and cards that will help you leverage the money you’re already spending.
Get full show notes and more information here: https://www.pointmetofirstclass.com/blog/transferable-points-card-canceling
Join the waitlist for Points Made Easy here: https://www.pointmetofirstclass.com/pointsmadeeasy
Transcript
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| 0:00.0 | Welcome to Point Me to First Class, the only show for employed professionals, entrepreneurs, |
| 0:06.2 | and business owners who are looking to optimize their higher than average expenses to travel the world. |
| 0:10.8 | I'm your host, Stephen Kimballimble and I believe that your expenses are your |
| 0:13.9 | greatest untapped asset if you know how to leverage them. Ready to dive into the world |
| 0:18.9 | of credit card points and miles so you can travel more, travel better, and travel often. |
| 0:23.0 | Let's get started. |
| 0:25.0 | Welcome back to the podcast everybody. |
| 0:30.0 | Today's episode is going to be a little different from our usual episodes because instead of taking a deep dive into one specific points or award travel topic or bringing on a guest interview, this is going to be a your questions answered |
| 0:45.6 | podcast episode. I get a lot of questions about rewards cards, points earning and |
| 0:50.4 | redeeming strategies, and just my general recommendations when it comes to all sorts of things |
| 0:55.0 | award travel and today I'm going to be answering some of the most recent questions |
| 0:59.8 | that I've been receiving. We're going to be covering a range of questions today so there should be something for everyone in this episode. |
| 1:06.9 | Let's go ahead and dive in. The first question that I got asked recently was, what do you do with cards once you've had them for a year |
| 1:15.5 | and have already earned the welcome bonus for example the Chase Inc. Business Preferred Card. |
| 1:20.8 | So the way that I think about the credit cards that I have and the credit |
| 1:25.0 | cards that I hold is that you know especially if you are going to be in this |
| 1:28.5 | hobby for a while, chances are that you are going to be accruing new rewards cards and over time you're |
| 1:35.1 | going to have more than just a few and so first of all I just think it's a great |
| 1:39.1 | practice once a year I tend to do this either in December or January is sort of my, you know, reset for the upcoming |
| 1:45.1 | year to evaluate every single card that you currently have in your credit card portfolio because |
| 1:51.0 | the short answer is that for every card, |
| 1:53.7 | whether it's one that you've only had for a year |
... |
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