Six years ago, I decided to go credit card free. I had gone through Dave Ramsey’s Financial Peace University where the credit card was labeled as the enemy of financial freedom. Since Mr. Ramsey’s advice had helped me in so many other areas of my financial life, like paying off our debt and getting proper insurance coverage, I thought avoiding credit cards completely was the smart way to go.
Last year, I decided that the concept of going credit card free was flawed. Or at least it wasn’t completely necessary for me. I know there are a lot of people out there that don't have control over their spending when it comes to credit cards. That was never me before I got into Dave Ramsey’s teachings and it definitely isn’t me now.
I have always thought of myself as a disciplined saver and I've never carried a balance on my credit card. With that epiphany, I decided to get a credit card again. Not only did I have the discipline to own a credit card, I missed the points, the perks and the rewards!
I signed up for the Capital One Quicksilver card and for the last year, I’ve been receiving 1.5% cash back on all of my purchases. I’ve received almost $500 back just for my everyday spending. This is a nice perk for spending the same way that I would have spent with my debit card.
Related: My Credit Card Makes Me Happy
Free Travel through Credit Card Rewards
This additional cash back perk from Capital One sparked an interest in me. What other perks are out there that I’m not taking advantage of? I feel like I completely missed out on 5 years of points, rewards and experiences!
Given that my wife and I have a fond appreciation for travel and we don’t have endless dollars to spend, I thought to myself, “Could travel perks be our ticket to family fun without the big price tag?”
I reached out to an expert travel rewards guru named Brad Barrett and interviewed him about the fine art of travel hacking. Our conversation was so inspiring that I had to make it an episode for you all to enjoy. I learned so much in our 30-minute conversation!
In short, travel rewards or travel hacking is the process of signing up for credit cards and reaping the bonus offers for national and even global travel.
You need to be disciplined to be a part of a process like this. Spending more than you'd normally spend or carrying a balance on your credit cards will definitely NOT work with this type of program. With those type of financial shenanigans, you'll lose this points game for sure.
Tracking your cards and spending responsibly is the key to success here. The upside is traveling with your family for free or nearly free (there can be some small unavoidable airline taxes included).
What are we covering today?
Brad and I discuss:
- Who this program is for
- The step-by-step process of travel hacking
- How you can travel with your family to Disney World for free
I guarantee that you’re going to be very intrigued by this conversation, but it might be a bit overwhelming. That’s okay. Listen to this show again if you need to and check out the show notes below for step-by-step instructions.
If you’re thinking about taking the kids to Disney or really anywhere else in the world and the thought of the cost has a choke hold on you, listen to today’s show. You may just get inspired!
Click the play button above or listen on iTunes, Google Podcasts or Stitcher.
US Legal Forms: Get your Will started today my friends!
Travel Miles 101: FREE Travel Rewards Course
Richmond Savers: Details on how to travel to Disney for Free
Choose FI: Brad's blog and podcast focused on Financial Independence
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