The Basics Bonus: 60,000 Points when you spend $4,000 in the first 3 months of opening it. Annual Fee: $95 Credit Needed: Good – Excellent Earning Points: 2x points on travel and dining, 1x points on all other purchases 5x Lyft Points: Earn 5x points on each lyft ride Unlimited Free Deliveries: When using DoorDash’s Dash Pass on purchases over $12 Annual Bonus: No Expiration of Points: No, as long as the credit card is open. You can transfer points to keep them alive prior to cancelling the card if applicable. Other Perks Primary Rental Car Coverage:Deny the insurance at the rental car company saving you $15+ dollars per rental…
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Does Cancelling a Credit Card Hurt My Credit Score?
When I tell people that I credit card hack/travel hack (whatever you want to call it), the first kick back I always get is that doing so most surely will kill my credit score. So I think it is finally time to debunk this myth. Why Close a Credit Card? So the first question to address is why would one need to close a credit card? We are told that the age of credit is a factor in our credit score. So why would we want to cancel a card which will most certainly lower this metric? We want to cancel because with credit card hacking, we are often opening…
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Earning the BEST Travel Reward: The Southwest Companion Pass
Many of you have likely heard of the Southwest companion pass, but if you haven’t, basically it is a reward benefit that lets you have BOGO (buy-one-get-one) Southwest tickets for your designated companion for the year you complete the requirements and the entire next year. In the travel hacking community, it is usually viewed as the most coveted reward! How to Earn This Reward? To earn this reward, you need to earn 125,000 Southwest Points within 1 calendar year or take 100 qualifying flights on Southwest. But most of us will not be flying 100 times within a calendar year so we will focus on the 125,000 points, which is…
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Taking a Mental Break
As many of you have probably noticed, I have not released a new article in almost a month now. This wasn’t a planned event but it was something that has happened naturally. Over the past two years this blog has taken much of my mental energy and time on top of a full work week as I have tried to release a new article every week. I tell you this not to make an excuse, as this whole process is something I wouldn’t have changed for anything, but to simply show the effort that I have put into something that I am very passionate about. I finally understood the concept…
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Fiscal Therapist Quick Guide to Investing
I’ve been getting a lot of questions recently from people who are getting to the point in life when they are ready to start investing. They understand the basics, but don’t know where to begin. That’s where this quick guide will hopefully come into play. This is by no means the only way to invest, but is the best way that I have found to maximize the return on my investments while minimizing the cost of my time. All while not needing to pay a financial advisor a cent of my hard earned money. So let’s begin. Invest in Your Company’s 401k Plan Up Until the Employer Match If your…
