Most of us will think that having a credit card is such a bad idea. I used to think that I will owe so much and hurt my credit score if I have one. I was wrong and here’s why.
First of all, you SHOULD NOT spend more than you earn to avoid debt. You can’t go bananas buying anything to meet that spending requirement if you can’t afford to pay it. Second, you have to pay your balance every month to avoid accruing interest charges. And you should avoid applying three credit cards in one day.
Ideally, you need to space out at least a few months apart when you are trying to apply for any type of loans as you get a slight dent on your score every time someone is trying to access your credit. Your score will go up as long as you maintain it and don’t accrue a lot of debts or inquiries. To have a good credit, you gotta have a credit card. Just be responsible!
Travel credit cards are every traveler’s best friend if you use it wisely and responsibly. They can help reduce travel costs by giving you so many benefits and perks. There are a lot of credit cards that offer different kinds of rewards, from hotels, airlines and points programs. The first thing that you need to ask yourself is, what is it that you want? Are you loyal to a specific brand of hotels or airlines? Or do you just want a regular point system where you can transfer it to different travel partners? Then you can go from there. By having a set goal you will not end up signing up with too many cards right away and spread out points everywhere. You can get free things that you need for your trip by maximizing your card. For me, I took my time researching before applying to any type of credit cards and so should you.
And since I am loyal to AMEX, here are my thoughts about why I decided to stay with them.
Awesome customer service and support 24/7
Anything can happen when you travel to places, losing your card or other emergencies that is inevitable can make your trip so stressful. AMEX customer service is top notch whereever you are, you can email them or call them on their toll number, they can speak to you in English or Spanish.
A big sign up bonus with minimum spending requirement
Spending $5000 in 3 months is pretty crazy amount of requirement to get for 60,000 bonus points. But if you do some more research, that points can fly you to London for 55,000 Avios Points if you transfer it to British Airways, which is a travel partner of AMEX Platinum. There are a lot of travel partners that you can transfer it to and if you think about how much free flights and hotel stays you can get, it is worth it! I have used it to pay my bills (i.e mortgage, utilities etc) instead of using cash and just paid it by the of the month to avoid interest.
Added perks and benefits
- Platinum members get instant Hilton Gold Elite Status and SPG/Marriott Gold Elite Status. You also get the Fine Hotels and Resorts that AMEX offers on their travel website. FHR gives you noon check in when available, late check out by 4pm, daily breakfast for two people, room upgrade when available, complimentary wifi, a spa, beverage or food credit. So many of this perks can save you a ton of money in the long run.
- Booking through the travel portal you get 5x points each dollar you spend. I don’t want only 2 or 3 points, if I can get 5 points then why not!
- Get access to boingo (complimentary wifi at airports worldwide)
- Global/TSA PreCheck fee credit
- $200 Uber credits annually
- $200 Airline fee credit
- Global Lounge Access
These are just some of the perks that I enjoy with my card, check them out so you can get the same perks through AMEX Platinum
What kind of travel card do you have?
Check out my page on what’s on my wallet