As you may of gathered from my earlier post this week about the credit history debacle, I’m not remotely close to joining to ranks of those who delight in credit card churning (or travel hacking). The closest I came was a trip to Paris I booked using miles. The whole trip cost me about $400 including airfare, sight-seeing, food, and super sketchy accommodations in the “Harlem of Paris.”
While I’m pondering my own dalliance into the world of making credit card rewards my, um, friend, I did what any good
journalist blogger would: interviewed those that do.
There are a plethora of personal finance bloggers out there who are experienced in the craft of credit card churning, but I selected a few that I’ve been keeping an eye on recently: Holly from ClubThrifty, Jacob from iHeartBudgets and Johnny Moneyseed. I interviewed the three of them for a DailyFinance article explaining the merits and methods of credit card churning/travel hacking.
“Stop trying to keep up with the Joneses.” It’s the clichéd mantra you’re supposed to mutter under your breath when a neighbor pulls a new car into his driveway or a Facebook friend posts pictures of a luxury beach vacation while snow cascades down outside.
For the most part, it’s good advice. Buying luxuries and expensive new toys you can’t really afford is something every prudent spender knows to avoid — even if we sometimes backslide and whip out the credit cards for a big splurge.
However, credit card rewards have changed the rules. Now, the penny-pinchers have become the Joneses — without overspending — through a process called “credit card churning.”
“We’re in Jamaica right now, and we flew here for a total of $96,” said Holly Johnson, freelance writer and founder of the site ClubThrifty. “This fall we’re going to London and Paris for less than $200, including our hotels and airfare.”
Now go read the rest on DailyFinance!
P.S. 1) Sorry if you feel a little cheated out of a standard frugal find but it’s been a rough week and 2) I’m in a cage match with other DailyFinance contributors this month for most unique views so I would super appreciate if you’d click to DailyFinance (and if you want to give me a Valentine’s Day present even share the DailyFinance post on social media?!)