Category Archives: Credit Cards

How Credit Cards Affect Your Credit Score

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I periodically post about valuable bonuses (often 50,000-100,000 miles) being offered when signing up for a credit card.  A very common misconception of credit cards is that they ruin your credit.  While that can be true if you don’t use credit wisely, they can actually improve your credit – and at the same time, be extremely profitable.  So if you’re curious how credit cards affect your credit score, here’s my perspective. First Things First To begin, I am not a financial adviser, so I can’t guarantee any of the information below.  I’m simply providing information about what I’ve learned through Continue reading How Credit Cards Affect Your Credit Score→

How to Book Flights to the Bahamas at a 75% Discount

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About 2 weeks ago, I posted a guide on how to use British Airways points on US Airways, and why you should care.  The post was mostly in theory, but I just put those tips to use today, and figured I’d post a follow up with another concrete example that might help clarify.  Read on to see how you can take advantage of this awesome deal for flights to the Bahamas. OneWorld Alliance Summary British Airways and American Airlines have long been partners in the OneWorld Alliance. Since they have been partners, you can use points with either airline to Continue reading How to Book Flights to the Bahamas at a 75% Discount→

Lost Luggage Protection from Credit Cards

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Howdy folks….I know you have all missed hearing from me tremendously since I posted last, so I’m back! I’ve been a bit busy, but will try to keep posting as often as I can! I wanted to bring to your attention a relatively little-known benefit of some credit cards. In general, whichever card you use to purchase your flights will be the one to extend the coverage. Typically, you become eligible for the coverage if your luggage is lost for at least 4 hours. In other words, if the airline loses your luggage but delivers it to you within a Continue reading Lost Luggage Protection from Credit Cards→

Facing Off: A Comparison of Rewards Programs

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INTRODUCTION There are a variety of mileage/point programs out there, each claiming to be better than every other program available. Here’s a breakdown from my experience. There are generally 2 types of mileage/point programs: individual airline programs (like United Mileage Plus) or generic credit card rewards (like Capital One Venture Rewards). Both types of programs have their advantages and disadvantages. AIRLINE PROGRAMS When you have points with a specific airline’s program, you’re generally “locked into” using your points with that airline, although that’s not necessarily a bad thing. Depending on the airline, you can redeem your points for flights on Continue reading Facing Off: A Comparison of Rewards Programs→