Everyone has a friend that never pays for airfare or hotels by collecting credit card sign-up bonuses. That friend may have even convinced you to sign up for one or two cards. But their airline point accounts stay full and yours are on empty. The reason is that collecting travel rewards takes a commitment to a plan and an understanding of the "gotchas".
With TravelRewardCollector.com you don't need a calendar, task list, research notes, or a spreadsheet. Just sign-up, mark which cards you've used in the last 2 years and then look out for our notifications. We'll remind you which cards to sign up for and when and which deadlines are approaching. Your miles accounts will be full the next time you plan a trip!
If you have any feedback, please contact us.
Assuming you have good credit and don't carry a balance, there are a few other ways that people tend to go wrong when collecting travel rewards:
Your 2-Year Plan is ordered to maximize net value. The following explains how and why we follow a certain order:
Net Value is our way of comparing cards. It's based on the idea that you only have to pay the annual fee once in order to receive the bonus. For cards which offer a waived annual fee, you don't actually have to pay it, because you have the option to cancel it before it renews.
\[Net\ Value = Dollars\ Per\ Point \times Points - First\ Year\ Annual\ Fee\]
For example, let's take the Chase Ink Business Preferred®:
\[$1,345 = $0.018 \times 80000 - $95 \]
|Point Issuer||Dollars Per Point|
|Bank of America||$0.01|
|Chase Ultimate Rewards||$0.018|
|City National Bank||$0.0125|
|Delta Air Lines||$0.012|
|IHG Rewards Club||$0.006|
To the right there is a table that shows the value we consider one point to be worth. There are many sources published for the value of one point. They are based on the cash value of the travel that can be purchased with points and other factors. We rely on the following sources:
If you have other questions, please ask!