Credit Cards for People Who Love Free Travel & Money

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I love travel. Money, too!

Chase Sapphire Preferred

100,000 Points good for $1,250 or more in travel with a $4,000 spend in 3 months
PoF Summary

The Chase Sapphire Preferred is an excellent first (or only) card with an all-time high welcome bonus! Flexible rewards good for cash, travel, or transfer to travel partners, great travel protection and perks, plus new Peloton, Lyft & DoorDash perks!

For many years, I used one Chase credit card for pretty much everything. With a typical credit card bill of $4,000 to $5,000 a month, I was rewarded with $40 or $50 worth of points every month and I thought that was pretty darned good.

When I shopped at Amazon, I got triple the usual points, and there used to be some other perks, like using $250 worth of points for a flight worth up to $400. I knew the ins and outs of the one card’s benefits pretty well, and I did my best to get the most value I could for my points.

When the redemption options changed and the points were essentially devalued, my eyes started wandering to these other shiny cards I was starting to hear about online. There are plenty of fish in the banking sea, and I was willing to cast a line to see if there were better options out there for me.

Boy, were there ever.

Since then, and then was just a few years ago, I’ve done much better.


I’ll bet you could do better, too.

I might earn money if you apply for a card via links on this page, and I will donate half of my profits if that happens. Not many sites make that pledge, so please, do your research wherever the world wide web takes you, but consider coming back to this site for your credit card needs and support our charitable mission. Cheers!





Additional Credit Card Posts:

Best Small Business Credit Cards

Best Cash Back Credit Cards

Cards for Travel Insurance


Credit Cards for People Who Love Free Travel & Money


In the span of a few years, I’ve booked at least 20 round-trip flights, about half of them to international destinations, using bonus points and miles earned mainly from introductory offers on various credit cards. The only out-of-pocket costs on those flights are the taxes and fees, which typically run $5.60 each way on domestic flights (and more for international flights).

I don’t keep a ledger of all the travel I’ve booked this way in the last couple years, but off the top of my head, I know I’ve booked all of these nearly-free flights:


In total, I would guesstimate I’ve saved over $10,000 in travel costs per year for the last 7 years, and I don’t spend a ton of time on this stuff. That $70,000 I’ve saved is the equivalent of earning an extra $90,000 or so when you factor in the taxes I pay on earned income. Bonus miles and points are not taxed.


Another way think about it is that, for a high-income earner, $10,000 in free travel is like getting an $18,000 raise. 


I have acquired a number of different credit cards, of course, but I can easily meet the minimum spending requirements in a month or two, and when you have a system to track your cards, it’s not difficult to manage.

And I’ve got just the thing you need.



Top Credit Cards & Limited Time Offers


Chase Sapphire Preferred: 100,000 points


The “CSP” is a top travel card and for good reason. The perks are great for a card with a manageable $95 annual fee. You get double points on travel and dining worldwide, along with eligible food delivery services.

I say double points, but it’s more like 2.5x points because when you use your points to purchase travel through the Chase portal (run by Expedia), you get 1.25 cents per point.

There are no foreign transaction fees, and Chase has plenty of top-tier travel partners including airlines and hotel chains that can give you even more bang for your buck when redeeming points. See CardRatings’ guide to redeeming Chase Ultimate Rewards points for tips on how to use your points balance optimally.

100,000 is the highest the welcome bonus has ever been for this card (after spending $4,000 in 3 months), and it’s the highest you’ll see on any personal card from Chase. Also new in 2021 is a $60 credit towards a Peleton subscription, valid through the end of the year.


Chase Sapphire Preferred

100,000 Points good for $1,250 or more in travel with a $4,000 spend in 3 months
PoF Summary

The Chase Sapphire Preferred is an excellent first (or only) card with an all-time high welcome bonus! Flexible rewards good for cash, travel, or transfer to travel partners, great travel protection and perks, plus new Peloton, Lyft & DoorDash perks!


Chase Sapphire Reserve: 60,000 points


The “CSR” is the premium option for Chase Sapphire Cardholders. With $300 of annual travel reimbursement, the steep $550 annual fee becomes more palatable at an effective $250.

For that, you get unlimited Priority Pass lounge access at airports for you and two guests. Points rewarded for travel and dining are triple, and it’s more like 4.5x points because you can redeem Chase points for 1.5 cents per penny when you’re a Sapphire Reserve cardholder.

You also get a credit for up to $100 for Global Entry or TSA Pre✓ plus some DoorDash and Lyft benefits that were added in 2020.


Chase Sapphire Reserve

60,000 Points with a $4,000 spend in 3 months
PoF Summary

The Chase Sapphire Reserve offers great travel perks including Priority Pass lounge access, a credit for Global Entry or TSA Pre✓ and a $300 annual travel credit. Elevated Peloton, Lyft and DoorDash benefits. $550 Annual Fee

Capital One Venture: 50,000 Miles or 100,000 Miles


Known for the “what’s in your wallet?” catch phrase, the Venture card is a great alternative to the Chase Sapphire Preferred card for those that don’t want to play the points game. The annual fee is the same at $95, although it is waived for the Venture card in your first year.

You essentially get double “miles” (points) for everything, with 10x points on purchases at You can use those points to directly offset any travel purchases you make with the card. Like the Chase Sapphire Reserve card, you also get up to $100 credit for Global Entry or TSA Pre✓, and there are no foreign transaction fees.

The normal welcome bonus of 50,000 points ($500 worth) currently applies when you spend $3,000 in the first 3 months, and there’s a limited time offer of a total of 100,000 bonus miles ($1,000 worth) when you put $20,000 on the card in your first 12 months as a cardholder!


Capital One Venture

50,000 points worth $500 bonus when spending $3,000 in 3 mo. Additional 50,000 points with a total of $20,000 spent in first 12 mo.
PoF Summary

The Venture Card from Capital One gives you double points on all purchases that can be redeemed directly against travel purchases you make on the card. Global Entry or TSA Pre✓ reimbursement, a $95 annual fee (waived in year one), and a huge welcome bonus for a limited time.

Chase Ink Business Preferred: 100,000 Points 


I mentioned that the CSP gave you the largest welcome bonus of any Chase personal card, but the Chase Ink Business Preferred gives you the best welcome bonus of any Chase card. It’s currently a gigantic 100,000 points after spending $15,000 in 3 months.

100,000 points can be used to book $1,250 (when paired with the Sapphire Preferred) to $1,500 in travel (when paired with the Sapphire Reserve) via the Chase portal or can be transferred to one of several popular travel partners.

Those partners include United, Southwest, and Jetblue airlines and Hyatt, Marriott, IHG, or Ritz Carlton hotels. A good redemption of 80,000 points could easily carry a value of $2,000 or more. The minimum spend is high at a total of $15,000 in the first three months.

You’ll get 3 points per dollar on travel and select business categories (on up to $150k in purchases per year). This card also comes with an annual fee of $95 and adds the benefit of no foreign transaction fees.


Chase Ink Business Preferred

100,000 points with $15,000 spend in 3 months
PoF Summary

The Chase Ink Business Preferred offers 3 points per $1 spent on travel & select business categores. 1 point per dollar on all else. No foreign transaction fees (unlike other Chase Ink Business cards. $95 annual fee.

Chase Ink Business Cash: $750: Straight cash, homey.


A simple cash back card with no annual fee and an outstanding $750 welcome bonus after a spend of $7,500 in your first three months with the card.

You’ll get 5 points per dollar spent on the first $25,000 per year on office supply, cable, and phone bills. One point per dollar on everything else, and, as with all Chase Ultimate Rewards points, those points can be worth 1.25x or 1.5x when paired with a Sapphire card and used to book travel.

Chase Ink Business Cash

$750 cash back with a $7,500 spend in 3 months
PoF Summary

The Chase Ink Business Cash offers 5% back on up to $25,000 spent on cell and landline service, internet, cable TV, and at office supply stores. 2% back at gas stations & 1% back on all else. No annual fee.

Chase Ink Business Unlimited: $750: Again, straight cash, homey.


Another A simple cash back card from Chase with no annual fee and an outstanding $750 welcome bonus after a spend of $7,500 in your first three months with the card.

The difference from the Ink Cash card is that you get 1.5 points per dollar spent on all purchases.

I like to think of these cards as the Business equivalent of the personal cards Chase Freedom Unlimited (1.5% cash back on every purchase) and Chase Freedom Flex (5% cash back on rotating categories & groceries on up to $1,500 in purchases per quarter and 1% on everything else).


Chase Ink Business Unlimited

$750 cash back with a $7,500 spend in 3 months
PoF Summary

The Chase Ink Business Unlimited offers a flat 1.5% cash back on all purchases. 0% introductory APR for 12 months. No annual fee.

American Express Platinum Card (rates and fees): 75,000 Points


The Platinum Card from American Express is a premium card on par with the Chase Sapphire Reserve, and in some ways, it’s superior. These are two of the only cards that offer evacuation coverage for medical emergencies worldwide, and the Platinum Card’s coverage is better.

You’ll earn 75,000 Membership Rewards Points as a welcome bonus after spending $5,000 on the card in the first 6 months. In your first 6 months as a cardholder, you’ll be granted 10 points per dollar spent on up to $15,000 spent at U.S. gas stations and U.S. supermarkets. Booking flights and hotels through the AmEx portal will get you 5 points per dollar spent.

The card gets you access to the Global Lounge Collection at airports around the globe. Additional travel perks include $200 in reimbursement of airline fees like baggage fees.

Cardholders also receive Uber VIP status good for up to $200 in annual Uber savings and an annual credit of $100 at Saks Fifth Avenue in person or online.


American Express Platinum Card

75,000 points with a $5,000 spend in 6 mo. (rates and fees)
PoF Summary

The Amex Platinum offers a generous welcome bonus, Global Lounge Collection access, $200 in airline fee credits, Uber VIP status worth $200 in savings & a $100 Saks 5th Ave credit & emergency medical evacuation coverage. Elevated status in several hotel and car rental loyalty programs. $550 annual fee.

American Express Gold Card (rates and fees): 60,000 Points


The Platinum Card’s little brother, the American Express Gold card is lighter on both perks and fees, but you do get some great benefits, including a strong 60,000 point welcome bonus after a $4,000 spend in your first 6 months.

Benefits include a $10 monthly credit to specific restaurant chains or Grubhub, 4x points at restaurants and U.S. grocery stores (up to $25,000 anually, which is a lot of groceries). There’s also $100 in airline fee reimbursement each year, and 3x points when booking flights and hotels via the AmEx Portal.


American Express Gold Card

60,000 points with a $4,000 spend in 6 mo. (rates and fees)
PoF Summary

The AmEx Gold Card offers a strong welcome bonus, up to $120 in restaurant credits, $100 in airline fee reimbursement, 4x points on restaurants & U.S. grocery stores,and 3x points on flights & hotels booked via AmEx. $250 annual fee.

Hilton Honors Surpass American Express: (rates and fees) 130,000 Points


A top hotel card with great perks for Hilton Honors members (which is free to join). The 130,000 bonus points for spending $2,000 in the first three months is good for at least a few free nights in a nice Hilton hotel.

When you spend $15,000 in a year, you’re granted an additional free night, and that bonus can be earned year after year. If you reach $40,000 in spending on the card in 12-month timeframe, you’ll be granted coveted Hilton Honors Diamond status, an upgrade from Gold status which is conferred upon all cardholders.

Points are less valuable than other programs (by about 3:1) but this card makes up for it by offering 12x points at Hilton properties, 6x points at U.S. restaurants, U.S. supermarkets, and U.S. gas stations, and 3x on all else.

There is a $95 annual fee, which I don’t mind paying when I can earn a free hotel stay that can be redeemed at hotels normally going for $300 and up. There are no foreign transaction fees.


Hilton Honors American Express Surpass

130,000 points with a $2,000 spend in 3 months + 50,000 points with additional $10,000 spend in first 6 months (rates and fees)
PoF Summary

The Hilton Honors Surpass has a welcome bonus good for 130,000 points redeemable for free hotel nights. Additional free weekend night after $15,000 in spending annually and Diamond status after a $40,000 annual spend. 12x points at Hilton properties. 10 Priority Pass uses every year. $95 annual fee.

Hilton Honors Business American Express (rates and fees): 130,000 Points



I like to think of this card as the Surpass equivalent for small business owners. There are very few differences between the two cards and their perks.

The Hilton Honors Business card adds cell phone purchases to the 6x category and gives you a second free weekend night at a Hilton hotel if you reach $60,000 charged to the card in a year.


Hilton Honors American Express Business

130,000 points with a $3,000 spend in 3 months (rates and fees)
PoF Summary

The Hilton Honors Business has a welcome bonus good for 130,000 points redeemable for free hotel nights. Additional free weekend night after $15,000 in spending annually, 2nd night after $60,000, and Diamond status after a $40,000 annual spend. 12x points at Hilton properties. 10 Priority Pass uses every year. $95 annual fee.




Top Travel Reward Cards


Credit Card Spreadsheet — Track the Details


I’ve been on a spreadsheet-building spree lately, and I made another one just for you. Well, it’s for me, too. I took the one I’ve been using and spruced it up, including some of the better offers available for those who love free travel and money.

There are columns for all of the pertinent information, and I’ve pre-filled the current info for some of the top cash back and travel reward cards available. I’ve blurred the data as it changes often, but I frequently update the actual spreadsheet available for download.


Personal credit cards


Business Credit Cards




I’ve also summarized the best perks for these cards. This screenshot has been edited to fit the perks on screen.




Finally, if you prefer to start with a blank slate, entering only cards you currently own, the second tab in the file gives you an empty canvas on which to paint your card rewards masterpiece.



Subscribers to the site already have a link to the spreadsheet in the e-mail I sent out, but if you enter your email to download, you won’t be double-subscribed.

If you would like a copy of your own, please enter your e-mail below, and I’ll send you a link. You’ll be subscribed with the option to receive a weekly digest and can opt out completely with one click.

Credit Cards I Have Used


I plan to update this spreadsheet with new offers and updated information when it becomes available and subscribers will be alerted to new copies of the updated spreadsheet when it becomes available.

Note that I have not acquired all the cards listed on the spreadsheet, but I have used each of the following cards in recent years:



Tips to Simplify Managing Multiple Credit Cards


Always Autopay Your Credit Card!

The first thing I do when I acquire a new card is to set up autopay by connecting the online credit card with my bank account and ensuring the full statement balance will be paid on time automatically.

It’s a good idea to keep at least a few thousand dollars in a checking account and / or have an automated sweep from savings into checking at your bank.

If you can’t afford to pay credit cards in full every month, you should not be using a credit card, plain and simple.

If you have the option to set your monthly due date for the credit card, there is some advantage to having each of your cards due at the same time to keep things simple.

If you fail to do this, it’s not difficult to miss a payment — and, yes, I have. The late fee or finance fees may be forgivable if you call the credit card issuer and make an honest plea, but it’s best to set it, forget it, and not have to make that awkward phone call.


No Companion Credit Cards

You will often be enticed to pick up a second card for a spouse on the same account with a bonus of points or miles that might be worth a small fraction of the welcome bonus.

I advise against this.

The better option is to apply for a new card under your spouse’s name and social security number, using household income on the application.

By opening a new account rather than obtaining a companion card, you can get double the bonus for each card you choose to acquire. Would you rather have 55,000 Chase Ultimate Rewards points or 100,000 Chase Ultimate Rewards points?


Top Small Business Cards


Chase Credit Cards First

If you are new to travel rewards, start with Chase cards. The bank has a “5 / 24” rule. If you have applied for five new credit cards in the last 24 months, you can expect to be denied. Companion cards count, unfortunately, even if you’re not the person who originally opened the account. We learned that lesson the hard way.


Chase Ultimate Rewards are among the most desirable and flexible reward points out there. They can be transferred to a number of travel partners including Southwest, United, Hyatt, Marriot, IHG, Ritz-Carlton, and a number of international airlines. Points can also be redeemed directly for travel at 1.5 cents per point with the Sapphire Reserve or 1.25 cents per point with the Sapphire Preferred.


Chase Personal Credit Cards

First Card: If I were starting anew today, I would start with a Sapphire Preferred or Sapphire Reserve card.


In addition to the difference in travel redemption, there is a drastic difference in annual fees. The Sapphire Reserve is $550 per year with the benefits of $300 of reimbursed travel and a $100 Global Entry or TSA Pre✓ credit. You’ll receive 60,000 Ultimate Reward points when meeting the minimum spend of $4,000 in the first three months

The Sapphire Preferred has a much smaller $95 annual fee. The welcome bonus is larger at 80,000 Ultimate Reward points granted when meeting the minimum spend of $4,000 in the first three months.


Second Card: Grab either the Freedom Flex (5% on rotating categories on up to $1,500 in purchases per quarter), 3% back on dining and drugstore purchases, and 1% back on all additional purchases) or Freedom Unlimited (3% back on dining and drugstore purchases, and 1.5% back on all purchases). These will give you Ultimate Rewards points that are more valuable if transferred to one of the Sapphire cards you obtained first.




Third Card: Consider a travel card co-branded with your favorite hotel or airline. The following are all Chase cards:



Chase Business Credit Cards

Fourth Card: If you have any kind of business, the Chase Business Cards are outstanding options.


The Ink Business Preferred card gives you 100,000 Ultimate Reward points as a welcome bonus (currently the best welcome bonus out there, in my opinion) when you meet the minimum spend of $15,000 in the first three months and comes with a $95 annual fee.

That’s good for a minimum of $1,000 in cash, can be paired with a Chase Sapphire Preferred card to book $1,250 in travel or $1,500 in travel when points are transferred to a Chase Sapphire Reserve.

The Ink Business Cash and Ink Business Unlimited cards give you $750 in cash after meeting the minimum spend of $7,500 in three months (and have no annual fee, ever).


Don’t Carry a Dozen Cards

You don’t want the George Costanza wallet bursting at its leather seams. There’s probably little need to carry more than about three cards at any one time, and if you’re not a dedicated optimizer, one card will do.

You can always swap out the card(s) in your wallet, purse, or manbag before traveling overseas, flying a certain airline, or staying at a particular hotel chain.

In my manbag wallet, I tend to keep one cash back card and one card that I’m using to meet the minimum spending requirement in the first three months. Depending on our travels, I may also have a card that matches the airline on which I’m traveling. If traveling overseas, I make sure I have a card with no foreign transaction fees. Most of the cards on the spreadsheet qualify.


Don’t Stress

I don’t always use the most optimal card for the situation. As is true with most facets of personal finance, I’ve found there’s a point of diminishing returns when trying to use the ideal card in each and every transaction.

Applying the Pareto principle, 20% of the effort is likely to get you 80% of the results.

The same is true for redemptions. Don’t do anything foolish, like getting 0.8 cents per point when shopping on Amazon when you could have 1 cent per point in cash (there’s actually a card that does this). And use your Chase Ultimate Rewards points wisely. This often means transferring to a travel partner for a better redemption.

Don’t stress if you can’t remember which category gives you the most points this particular quarter. I can’t, either. If you’ve got a system that works, let me know in the comments. I can see where a label maker could come in handy, but I’m just not that into squeezing every last point out of my card collection.

Finally, I wouldn’t be too concerned about the effect of multiple cards on your credit score. My understanding from what I’ve read and what I’ve seen is that a new card can temporarily decrease your score by five to ten points. This is what mine has done over the last six months.



Finding the Best Travel Credit Cards



Many of the best credit cards can be found via my relationship with CardRatings. I implore you to consider using a link on this page, as I donate half my profits to charity. Any site that refers you to a credit card issuer receives a referral fee, and I’m not aware of anyone else being as generous with their affiliate income.

With that in mind, you can find all of the cards from the spreadsheet here. You’ll see a couple of my favorites, along with some limited time offers below.

If you’re a small business owner, see my post detailing some of your best options: The Best Business Credit Cards for Your Small Business


Free Money with Credit Cards: How One Card Saved Us $3,000


How valuable are these points? To give you one example, I booked our flights to Honduras (we left Friday, April 27th) on March 7th. Based on the AAdvantage award chart, we can get to Central America for 25,000 points round trip with MileSAAver Off Peak seats.

I was able to find flights to Tegucigalpa that fit our itinerary at that point level, allowing us to partake in an amazing medical mission with One World Surgery as a family, paying only the taxes and fees for international travel, which totaled $74.70 apiece for the round-trip flights. If we had purchased the flights ourselves, we would have paid about $3,300 for the four tickets.


a bedside peripheral nerve block in honduras


So for 100,000 points, we were able to fly round trip to Central America. Using the Citi® / AAdvantage® Platinum Select® World Elite Mastercard® card to pay for the fees, we were credited 10% of the miles back, so it actually only set us back 90,000 miles.



Currently, obtaining two (one for you and one for your spouse) of any of several available Citi Aadvantage Mastercards will get you enough points to get you to any American Airlines Caribbean, Mexican, or Central American destination and back.

The welcome bonus on two cards get the four of you to South America and back (or you and a loved one to Asia or Europe and back).

Surprisingly, far more people prefer cash back to travel rewards by a nearly three to one margin, according to statistics from It’s unfortunate, as travel redemptions can be substantially more lucrative.


Links to Cards by Category



You can always find these links quickly from the menu bar at the top of the page. On a desktop, it looks like this:



Finally, please exercise caution with the language in the comments. The card issuers don’t like the terms that rhyme with “travel snacking” or “travel packing.” Also, please avoid the yearning to use any word that starts like “church” and ends like “burning.” Thank you for your discretion.

Download the spreadsheet and start earning that cash back, those flexible points, airline or hotel points today!


Have you scored some nearly-free trips using travel rewards? What has your strategy been?

If not, what’s stopping you?


To see rates and fees for featured cards from American Express: American Express Platinum Card, (rates and fees), American Express Gold Card (rates and fees), Hilton Honors Surpass American Express: (rates and fees), Hilton Honors Business American Express (rates and fees), and the Amex Hilton Honors Card (rates and fees).

Physician on FIRE has partnered with CardRatings for our coverage of credit card products. Physician on FIRE and CardRatings may receive a commission from card issuers.

70 thoughts on “Credit Cards for People Who Love Free Travel & Money”

  1. Subscribe to get more great content like this, an awesome spreadsheet, and more!
  2. Great post! Here is our credit card strategy:

    Chase Amazon Card: 5% back on Amazon purchases.
    Target Red Card: 5% back on Target purchases
    Capital One Savor: 3% back on restaurants, 2% on grocery stores, 1% everything else
    Chase Ink Business Bold: 5% back on utilities (internet, cell phone bills, cable tv, etc.)

    I estimate we pull in about $1,000 a year in cash back using this strategy. The only one that has an annual fee is the Chase Ink Business Bold ($85). We also have the Chase Freedom Unlimited card (1.5% cash back everywhere) but don’t use it that much.

    The key is to analyze your spend and go with cards that reward it the most. We don’t travel that much so travel reward cards aren’t that exciting for us.

  3. Very well written article, and I’ve read quite a few and watched a bunch-a videos on the Interwebs.
    We used the method conservatively, meaning hubby gets Chase Sapphire Preferred, and once the spending requirement has been met, he uses the referral to get wifey the same card. Once she has met the spending requirements, hubby gets the Chase Ink xxx. And so we both get only 3 cards per year, each.

  4. Wow! Those are crazy savings for the travel you did. That’s something I should do because that’s wild! Thank you so much for sharing.

  5. Awesome post. I often reference back to this page. Southwest companion pass offer seems to be a big win. I am a family of five with one child under the age of two. My wife and I each got approved for southwest credit card. Will earn two companion passes. So for 2019 my family of five will fly for cost of just two tickets!!! And if I use it for CME travel then I can get my flight and hotel reimbursed from CME funds. All five of us traveling for the cost of one ticket.

  6. Great post, looking forward to starting this process in earnest very soon! We used points from 2 SPG Amex cards this year for a free week at Disney before they merged with Marriott and made it virtually impossible to ever do again. Especially love the straight cash homey reference! I hope it’s referring to the random Randy Moss quote from 15 years ago!

  7. Thanks for the spreadsheet. I’ve been using it for over a month, since you first posted it. Recently my husband got under the 5/24, and he got the Chase SW business and Priority cards—hope to get companion pass in January, to be good through end of 2020. Plan to cancel my SW ticket to LAX in Feb, and re-book it as husband’s companion.
    Also, no mention of Chase Freedom Unlimited? 1.5points/$ on all. MORE valuable than 2pts/$ on Cap One Venture, as I transfer to Chase Reserve, and then to Southwest, where we flew 3 of us round trip in October Chicago–Baltimore, for 25,000 points TOTAL! Had to charge $16,666 on unlimited to get those points (though in actuality was combo of 5% on Chase Freedom (different from Freedom Unlimited) category spending, and 3% on Reserve for travel and restaurants). If you consider a regular round trip on United is 25,000 points for 1 ticket, we booked tickets for 1/3 of the price. Much better than if I’d charged $16,666 on Capitol One Venture, and got equivalent of $333 travel credit. I can transfer Points on my Freedom and Freedom Unlimited to my Reserve or my husband’s reserve, depending on whether I want to transfer to his Southwest, or mine. Because SW points are so valuable, I’ve paid property taxes with 1.5% Unlimited, though had to pay 2.2% for privilege. Still came out ahead as SW points buy so much. We stayed for free in DC in October at a Homewood Suites, walking distance from White House. We each had applied for 2 Hilton cards, and had amassed 360,000 bonus points. Hotel was 60,000pts/night, and booked 4 nights, got 5th free, so 240,000 total.
    I write out a little cheat sheet after quarter, and stick one in hubbie’s wallet, and one in mine. It tells me when to use which card where. I try to max my 5% categories, but always give preference to any card that can give me (eventually) SW points. (I think Chase Freedom 5% quarter more valuable at grocery stores than 6% Amex Cash). Beauty of booking free travel with SW, as opposed to points on United or American, you can cancel day before, and receive ALL your points back. No $200 or so change fee! I’ve been doing end of year charitable donations with credit cards, and have even done son’s College tuition with 1.5% card, again to get those SW points.

  8. The Chase Sapphire Preferred Card Chase_Sapphire_Preferred

    The Chase Sapphire Preferred is my top pick for your first rewards card. All time high welcome bonus of 100,000 points worth at least $1,250 when used to book travel (after a $4,000 spend in 3 mo) and other great perks you can learn about here.

  9. POF– Downloaded your spreadsheet but cannot find the credit card tracker… tabs on bottom have all posts and then other calculators but can’t seem to find the credit card tracker. Any help would be great. Just got the Chase Business Pref’d and looking forward to trying to take advantage of travel awards way more than i have. Great job on the posts and this tracker (once i can figure out where to actually download it)

    • The subscription boxes within the article should give you an email to download the spreadsheet. If you’ve subscribed and don’t see that, you can always reply to one of my emails and I can send a copy as an attachment, as well.


  10. Current spreadsheet lists Chase Reserve as 2x travel/dining when it’s 3x (article is correct).

    Also worth more of a highlight is the power of combining Chase Ultimate Rewards points and the value of the portal 50% boost. With the Reserve you redeem points at 1.5x their value (and the portal had the same best price as a discount travel site for a trip I recently booked). If you just combine it with a free Chase Freedom (and transfer all points to Reserve) you can earn bonus category points at 5% up to $1500 spending/quarter and redeem them at 1.5x. This means you’re actually getting 4.5% Reserve return on travel/dining and 7.5% bonus category with Freedom- better than almost anything else out there. On the bonus category spending alone that’s up to $450/yr. Categories have been as liberal as “anything using Apple Pay” but otherwise are pretty typical and together with the Reserve can cover most spending. With the 50% Reserve boost, the absolute minimum return is 1.5% which IMO negates the need for any 2% card.

  11. I don’t see this card mentioned anywhere, but if you want just 1 card with good returns, I’d recommend the Bank of American Premium Rewards or Travel Rewards. The key is investing with Merrill Edge. If you invest in Vanguard funds, you literally can just move some over and have it sit there. This card gives you 2.625% everywhere and 3.5% on travel/dining (cash for the premium rewards) with 100K in Merrill Edge. You can then add on a Discover 5%, US Bank Cash + 5%, Chase Freedom, and/or Citi Dividend. Now you have set a floor of 2.625%. These returns are all cash, so you don’t have to manage miles/points, etc. I had the Constanza wallet, but on a day to day basis I usually just use either my Amex Blue Business Plus or BoA Premium Rewards and whatever 5% card is applicable that quarter. I also use my Amex Old Blue Cash for groceries and BoA Cash Rewards for gas and Costco. I usually average 4.5% in miles/cash. I’ve been switching to cash more and more because of lack of time to travel and devaluations.

  12. Great post. Very timely! I have couple of international trips coming up next year, and going to try this

    I also read up some stuff on Pointsguy site. There has been repeated mention that business cards does harsh pull on credit. Does that affect credit more? Any experience?

  13. Great job summarizing this all!

    I’ve been seeing so much on this since joining the FIRE community and have been quite weary, even though I do travel relatively often. It seems a little risky to suggest ‘everyone’ sign up for as many worthwhile points cards as they can, especially if they haven’t yet mastered the more basic principles of truly managing a spending budget (data is power). If one is too fixated on the points, the money spent to earn the points could be ‘underrated’, so to speak. However, it does seem to be working magically well for some.

    One thing I’ve found is that the rewards outside of the USA aren’t nearly as lucrative, which is why it all seemed a little unbelievable to my Canadian living in Mexico perspective. I have also read that the banks were trying to attract customers following 2008 in the USA, and that a lot of the most lucrative offers are starting to disappear. As with anything, it depends on the user I suppose.

  14. If I receive the miles bonus from the credit card and cancel it after a while would I ever be eligible to the bonus again if I reopen my account?

  15. Thanks for the post, looking forward to using the spread sheet. I am interested in the Chase Sapphire Preferred. The main thing holding me back is my Discover it card, which I opened last November. You get 1% cash back on all purchases, and 5% on certain items in a different category each month every 3 months (restaurants, gas, groceries, etc). The card matches your cash back at the anniversary of your card, so taking spending away from this card and using it to get the minimum on the Chase card would impact the potential cash back that can be received. My current thought is to wait until the anniversary of the Discover card before opening the Chase account. Any ideas of other strategies that might be better?

  16. How about a 2% cash back card with no annual fee..? Lets say you put most of your annual expenses on the card & pay off monthly. 50K annual expenses translates to $1000 cash back that you can spend/save any which way you want.

  17. I’m just dipping my big toe into the world of travel with the use of credit cards and their generous bonus offers. Thanks for the info and encouragement to move forward with the spreadsheet you have designed. So far we only have one card, but are ready to pursue the next. Our kids are spread out, so it will help facilitate visitation. Game on!!!

  18. I am going to have to start looking at travel credit cards since that is what we are planning to do. I have only one or two credit cards at the most. This would be new to me

  19. Check out AlaskaAir’s card. You get a companion fare for only taxes and fees first year, and $99 plus taxes and fees on anniversary date. Nice for Minneapolis to Hawaii ?

  20. Travel has been free for me and my better half for the last year thanks to these cards! I was able to turn my Southwest Rapid Reward Points into $1,200 of amazon gift cards and still secure the companion pass for Southwest flights as well.
    Great post and I hope you are enjoying Honduras mi amigo!

  21. All the advice is appreciated but has anyone calculated the time you have to spend to manage this? And calculate $200 per hour for your time. And the question becomes “Is it worth it?”

    Also, if you plan ahead, due to a highly competitive economy, you can get really non-expensive tickets for flights, hotels, and rentals …. How is $200 for an international travel? I do travel internationally 13-20 times per year on a great budget without using any of these tactics. Instead, I use that time and bill it to my clients 🙂

    I have a number of credit cards both personal and business that I keep to generate points that can be used to pay bills or by stuff. Does not require you to spend any time for management.

    One thing we tend to forget as human beings, is that the time is the most valuable thing we have at hand.

    • To be honest, I spent more time putting this post and spreadsheet together than I’ve spent on credit card applications and research in the last few years.

      I’ve gotten about $20,000 worth of travel for maybe 5 to 10 hours of effort, and I shared my tips so the readers can spend even less time. But I’ve been reimbursed at $2,000 to $4,000 per hour by that estimate.

      Worth it? Absolutely!

  22. Just got back from a trip to Europe and while I was able to make it relatively inexpensive, I wish I had the foresight to open up a new card and take advantage of the bonus points to book my travel.

    Oh well, this is some great advice so I’ll be opening a new card soon to start getting those points!

  23. Great info POF!
    One suggestion to add is the date you applied for each card and date you cancelled each card. With multiple cards it sometimes gets confusing when you hit the anniversary date. Also maybe running total of open cards/24 status to determine if you can get more chase cards.

    I also have a points total for each type of travel card as well as expiration date for those to make sure I retain my points.

    • Great thoughts, Michael. I have the date opened column, and adding a date closed column is a good one — I have the “notes” column in there as a catch all.

      When I close a card, I change the text in that row to gray. I can still see I had it, but in an instant, I know it’s no longer active.


  24. Great timing. I’m looking for a new card to pay for our new HVAC.
    The Citi AAdvantage Platinum looks good.
    I thought they don’t like you to mention credit cards companies by name. All kind of rules. 😉

    • I had the compliance team check this one out before publishing. If you use my link, I’ll be grateful!

      Regarding naming cards, different companies have different rules. I can’t have a text link to the card site in the same “section” that I discuss specific Citi cards — whether that’s a paragraph or a subheading is probably open to interpretation, but I do my best to comply and avoid gray areas.


  25. PoF, you’re speaking my language!

    I’ve been doing this credit card rewards game and travel rewards hobby for several years now. Through this, I’ve been able to score 3 long haul first class flights (one in Singapore Suites Class), 1 long haul business class, and a number of free economy class flights for my wife and I (pre baby). Four years ago I was skeptical too, but it’s a total game changer. If you consider the retail price of some of these premium class flights, I have redeemed a value of around $50,000 with normal every day (frugal) spending. 😀

    • That’s fantastic! Sounds like you’ve eeked more than $10,000 a year from it, maybbe $15,000 or so. I’d say that’s the equivalent of at least a $25,000 raise, probably closer to $30,000 in California.

      Cheers to nearly-free travel!

  26. Kick butt post. I’ve been playing the general rewards/points/cash back game for years but haven’t gotten into miles until recently with my AAadvantage platinum. Great point to NOT do companion cards, I’m on this like a cheap suit. My question is, why not use general points earned and apply them to your statement as a credit for travel. I assume a higher rewards rate with using miles over general cashback, but what I’ve researched seems to be roughly equivalent.

    • There are definitely times where you can give more than a penny’s worth per point. There was a podcast — I believe it was the Mad Fientist interviewing Go Curry Cracker where Jeremy booked a flight and got 22 cents of value per point or something ridiculous like that.

      Borrowing from radonc23 on this thread on the WCI forum:

      “It’s a lot of time, but can be useful and save substantial amounts of money, particularly in this specific case – long haul nonstop flights.

      For example, from major hubs, it’s much more costly to take a nonstop flight to Japan from DC (my hub). If I want to take the IAD to NRT, that routinely costs $2100 to $2300 for the roundtrip flight (almost any time of the year), because it’s the only flight. If you use your Chase Saph Reserve points, you get 1.5x, so it would cost 140,000 to 150,000 points. But, because United is partners with ANA, that same flight utilizing United points is 70,000 round trip for each ticket. For the two us, we spent a cash value of $2100 to get $4200 worth of flights. To me, that’s a good deal and it costs me very little time/energy to do that.

      This works for Hawaii (book a United flight through Singapore’s program), through Korean airlines to go to Seoul and various other places in Asia. It’s not as valuable for Europe, but similar quirks happen – for whatever reason, the nonstop flight may be significantly more (even for a hub airport like Munich or Amsterdam or London). So, if you use points, it can be quite valuable.

      It’s also pretty good booking hotels from Chase’s program, b/c at 1.5x, you’re getting a nice deal.

      If you have the time/energy, it’s can be worth “nerding out” on The Points Guy or similar websites. Even if you have specific questions like “how do I use points to go to ___”, they will have articles showing you possible ways to do it.

      The real value is business class/first class (in terms of points -> dollars benefit), but I’d rather have more 2-3x more coach flights than a business class flight (although I’m jealous every time I walk past first class).”


  27. My experience with the credit score thing has been the same as yours. People say it’s going to tank it, but our credit has been just fine. I mean, I don’t turn over credit cards all the time or anything, but I’ve opened and closed my fair share and all is still well.

  28. Great post! Just getting into credit card travel rewards.
    Planning to switch from Wells Fargo Visa and Cabela’s Visa cards to Delta Gold and Chase Sapphire. Is there any reason I shouldn’t cancel two cards and start two others all in 1 month or so ? Per POF looks like minimal change to credit score.
    Also, any tips on cancelling cards? For example with Delta Gold card when spending requirement of 1k/3mo. is met, then rewards received 6-8 weeks later. Okay to cancel after rewards received? No penalty during 1st year when there is not annual charge, correct?

  29. Hey POF:

    You REALLY put a TON of great, usable information in your posts!

    We LOVE our Ritz Carlton Visa. It’s got tons of perks, but my #1 favorite is the ability to upgrade you 3X a year to one of their Club Level rooms during your stay.

    This is what I’m doing at the FinCon this year. Hopefully you can join me for an adult beverage there.

  30. Thanks for this post. I had the chase reserve, capital one ventures, and delta Amex – all to get the bonus points. I have 100k delta sky miles but can’t seem to find award travel cheap enough to book our family of five. I always worry about booking three tickets then buying the other two out of pocket for fear our reservations won’t get linked and we will get separated. Is this unfounded? Maybe others can weigh in.

    I find for myself the venture card has been the most useful because of the travel eraser function, especially since you have three months to accrue the miles to erase the travel. Haven’t been able to erase a complete trip but have gotten pretty close.

  31. Great article on an often overlooked pathway to saving money on travel costs. A few years ago we realized that vacations were by far our biggest ‘unnecessary’ expense. Through some creative use of travel rewards cards we’ve managed to decrease our costs and actually fly Business/First, as well as getting discounts and free nights in hotels. There are many great blogs devoted to this topic including The Points Guy and all the blogs on Boarding Area.

    One thing I don’t think you touched on is credit utilization (% of cc debt / total available credit) and its effect on credit score — many people fear that their score will drop if they open new credit lines, but the opposite is often true — new lines of credit increase the denominator and may even increase your score. We make a point of keeping all cards that have no annual fee, and downgrading any that have a fee after 11 months of use (before the next fee cycle). Easy when you have a good spreadsheet!

    • Self-admitted credit card newbie here…If a card has an annual fee in the first year, if I downgrade the card after the first 11 months, can I avoid the annual fee but still get the benefits of the card if I already met the requirements for the miles? And for cards that have a free first year but then starting 2nd year have an annual fee, is it better to downgrade those cards or just cancel them? Thanks!

      • The rules vary with respect to keeping miles / points accrued if you cancel a card. You can always transfer points out to an airline / hotel program to save them if necessary. Other benefits like Priority Pass (airport lounge access) and Global Entry / TSA Pre you keep if those came with your card. It is usually preferable to downgrade to a no-annual-fee card and “sock drawer” it, as canceling a card will cause a small hit to your credit score (more important to not cancel your oldest cards, as “age of credit history” carries more significant weight). In my experience, opening and closing multiple cards per year generally will not have a major effect on credit score as long as you do not carry a balance (i.e. pay off each month)

  32. Aw man! I literally just created my own credit card spreadsheet this past weekend… for realz! I’m not as fast at this as some of the spreadsheet gurus out there either. Why didn’t you give me a heads up you were going to be doing this? Oh, well, I do see a couple columns that I’m going to be adding to mine.

    I just got into the credit card travel rewards journey at the beginning of the year. It started out pretty easy, but then I realized I would start forgetting where I left off at without putting it down on paper (digital paper). It’s kind of exciting to do this, but it can be a little confusing as the cards start to build up between my wife and I.

    — Jim

  33. Thanks for the info. I have not optimized travel cards at all and wasn’t aware of the various Chase schemes until you alerted me to this recently. In a comment on a different post.

    What I’ve been doing now that works well to optimally get points is a quick table in word that lists the various reward credit cards in rows and what category to use them in (gas, groceries, etc) b/c some get 5% back in gas, some 5% in groceries, etc. I have four columns for the four quarters of the year so I know which card to use for rotating categories. If I can’t remember which card to use in a given situation I just look at the picture Of the table that I snapped with my phone to remind myself. It took 30 mins or so to set up the table and I probably spend 5 mins every few months updating it. Ocassionally make mistakes but overall we are optimizing what we have pretty well, but we need to branch out to these travel cards to do better with this sort of stuff. Right now we mostly drive for vacation b/c it’s so expensive to fly with family, but clearly flying with family can be done without breaking the bank.

  34. When DH travelled a lot for his job, he used to rack up lots of miles and the family would fly for free to visit relatives. Through the years, there’s been lots of restrictions with free seats and more blackout dates have cropped up.
    Nowadays, we have limited our use of CC’s and look at kayak for deals to fly within the US. We can usually books flights for under $100 round trip.

  35. Great post! We’ve been doing this for just over 4 years. My husband and I get the southwest plus and premier every 2 years to reach the points for the southwest companion passes, and then make our kids our designated companions- we typically fly domestically 5-8 times/year on southwest and it costs our family of four $44.80/trip!! The pass is good for the rest of the year when you reach it (we usually hit it in Feb) and then the entire following calendar year.

    • I have used Jen’s strategy before and it works great! The problem with SW is the timing. You have to apply in December then go nuts in Jan/Feb to get the benefit. It takes timing and patience. My question for Jen. Do you cancel all 4 cards after Feb to meet the 2yr requirement to reapply? For POF:. What is your cancel strategy?

      • Hi- we’ve cancelled one and kept the other for regular spending. you can keep the card up until right before you reapply for another one, the restriction is that there has to be 24 months between receiving bonuses. Our passes expires 12/31/18, and I received my bonuses on 2/5/17, so I won’t be able to get my next bonuses until 2/6/19. A chase representative told me that I could apply for the card before that and make sure I don’t hit the bonus before that date.

        • Jen,

          Is the date you received your bonus the date the bonus hit your account (i.e. a few days after the statement date in which you earned it), or is the exact date you reached your minimum spend?

          Thanks in advance!!!


        • Hi Wade, it’s the date the bonus was applied to my account. The bonus isn’t applied until your statement date- ie if you hit the minimum spend on 2/3, but your period ends 2/25, you won’t get the bonus until 2/25.
          hope this helps 🙂

  36. Were about five years into it. Two of the last three the cards have paid for all our trips. The number one fear I hear about this is credit score drops. Mine is still ranked excellent, the fear is overrated.

    • I was skeptical for awhile, but once I got my first card(s), I realized it really worked. I used to be afraid of using my points for less-than-optimal redemptions, but I’ve learned not to stress about it. Free travel is free travel.


  37. What a timely post! My wife and I have been thinking about taking our family of five on a trip to see my sister in Seattle, but wanted to find a good card to help us there. I started looking initially and found that the amount of points I get from the initial rewards program is only enough to cover one of our trips from NC to seattle. I stopped looking at that point.

    Maybe I need to keep looking? I’ll go check out the chase cards you mentioned.

    Thanks for the help, as always.


    • At a minimum, I would look at getting the best card for each of you. As I said above, “no companion cards.”

      The further in advance you start planning, the more likely you are to find flights at the “saver” level with the lowest point requirements.

      Also, if you have any kind of business, you can get a business card. The current offer for 80,000 Chase UR points with an Ink Business card (times two) will get you a long way on Southwest or United.


  38. Great post! We used to have a single credit card for everything until I’ve read your “Cruising to Cuba” post where you mentioned traveling using credit card sign-up bonus miles. Since then we opened several Chase cards and already planning a trip using accumulated points!

    What do you do with all these credit cards once you meet the sign-up bonus minimum? I guess if there is no annual fee, you can keep them forever in your sock-drawer. But these with annual fees, do you usually call and cancel them or perhaps downgrade to “no fee” card if available?

    • You mentioned two viable options. A third is to keep the card. A number of them give you additional points (or a free hotel night) on your card anniversary, which helps offset the annual fee.

      I wish I would have kept the Chase preferred card instead of downgrading since the Ultimate Rewards points are more valuable with the Sapphire cards compared to the Freedom cards, which I didn’t understand at the time. They really should give the points different names if they’re not the same.


      • For these card with “50,000 miles for $3000 in the first 3 months” or something similar, is this typically an annual benefit or just a one time benefit? Wasn’t sure if it ‘resets’ every year and I can get the miles from using the card again the next year or if it’s more of a ‘one-time’ benefit then you just move on to the next card after you get the sign-up benefit. thanks!

        • One time, although new cards are issued regularly. You could pick up a new card every couple months for years without running out of quality cards.

          And with some cards, you maybe able to reapply after closing an account after some time has passed for a new bonus.


      • Hey PoF,

        If you’ve got the ability to do so, you can still use Sapphire level Ultimate reward points with a Chase Freedom, per say. Here’s what I did:

        I had the Chase Sapphire Preferred card. Loved it. Used it for every purchase. Then when the Reserve came out, with a decent sign on offer, I decided to take it. The problem is that you can only have 1 Sapphire card at a time. So what I did was downgrade my sapphire preferred card to a Chase Freedom. The points stayed in my ultimate rewards account, my card number stayed the same, and my credit history with the account was maintained. Then I got the Chase Sapphire Reserve card, making me eligible for the sign on bonus. On the Chase portal, I am able to convert/combine my Chase Freedom points to my Sapphire Reserve account on an equal 1-to-1 basis. So I’m basically earning nothing but Sapphire points, even though a good number are going through the Freedom card. If you haven’t pulled the trigger on the Reserve yet, I’d look into that option. I’m not sure if that combining points option works with other Chase cards besides the freedom.

        Thanks for the great info!

    • A fourth option is calling to see if any retention offers. In general, the banks want to retain you as a customer and don’t want you to cancel cards. Basically, what you do is call the customer service line in the back of the card and tell them you are thinking about canceling but not sure. The customer service representative may transfer you to retention specialist who may offer you bonus points or the annual fee waived for you to keep your card. It doesn’t work all the time. For me, it has worked for half of my cards. YMWV though, and I heard it’s harder to get a retention bonus nowadays.

      • Is there any reason why no one is using AMEX business or AMEX platinum charge card compared to the others? Pretty good set of base benefits which outweight the annual fee? Hilton AMEX also a great option. Just curious. Thanks


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