The best way to accrue points is to leverage the sign up bonuses. So, you the best thing to do is as follows:
- Sign-up for a credit card.
- Meet the minimum spend to get the sign-up bonus.
The three credit cards listed in Step 1 should get you almost 200,000 points which is enough for two business class (or 4 economy class) international flights – though how you book, how often you fly, etc. matters…
So, sign up for a credit card. Meet the minimum spend. Acquire the sign-up bonus and repeat.
I’m all about the 80/20 rule here – more rewards for little effort. So, to make sure I am getting the most benefit, I keep track of all the credit cards I currently have. I only have about 4 right now but at one point I was a travel hacking feign and had over 10 credit cards! That tracker reminds me of the following things:
- When the card was opened.
- What the sign up bonus is and date to meet it, as this is the reason for open the card in the first place.
- The spending benefits. For example, I always use my AMEX Platinum to book flights directly with an airline and for Uber. But I use my Chase Sapphire for dining and other travel expenses.
- The annual fee and date it will kick in. Because sometimes it makes sense to cancel the card before the annual fee kicks in – but if you still have miles housed in that card it is best to keep it open, or transfer those points to an airline otherwise you will lose them.
Ready for the next Step!
P.S. If you are worried about opening multiple credit cards, check out the myths around it harming your credit from a webinar I did with my buddy Travis at Extra Pack of Peanuts.