It’s 115,000 United miles to fly business class round trip to Europe (of course you have to find availability), and you get 100,000 points for getting that card, so it’s like, you can get business class trips much quicker by learning the rules of how to transfer points to different frequent-flyer programs.
“I look at flights domestically and you’re getting less than a cent per mile, and in that case, don’t use traditional airline miles.
If you’re earning one airline mile and getting less than a cent back.
If you’re using 40,000 miles to get a 0 ticket, it’s much more wise to just get 2% cash back and buy it in cash and then earn miles on that ticket.
Here are some highlights: On how long you should hold onto a card after you get the sign-up bonus: Kelly says 2016 is the year of the sign-up bonus.
“We thought last year was, but this year it’s crazy.
Brian Kelly, who you may know as credit-card guru The Points Guy, joined Market Watch for a live interview on Facebook in September.
On the Chase Sapphire Reserve, you’re getting three points per dollar on dining and you can transfer them to frequent-flyer programs.
“Once you learn about credit, FICO tells you exactly how they calculate credit on their website. The less available debt you have to credit, your score goes up, by paying them on time. So even getting more cards isn’t going to destroy your credit score.
“What he thinks of companies pushing back against customers “churning” credit cards, or opening them for the bonus, and then closing them: “A couple years ago you could get the same credit card over and over for the bonus.
So don’t keep hitting the well with the same issuer.
Move around and be a good customer.” On using cash-back cards instead of working toward points: “If you want to fly first class to Europe, you’re looking at ,000 or ,000 flights most of the time.