How to Get Started Using Miles and Points 

How to Get Started Using Miles and Points 

 

Recently, a reader emailed us asking for recommendations (which we love!).  She was new to the credit card points game but was interested in getting started. She had read our previous posts and wanted to know what we would do if we were starting from scratch.

Without a doubt, we’d sign up for the following three Chase Visa credit cards (spreading out our applications over a few months).

Chase Sapphire Reserve

chase-sapphire

Click to apply! 

First, sign-up for the Chase Sapphire Reserve.  Currently, Chase is offering 50k bonus points for spending $4,000 in the first three months, and cardmembers earn 3x points for all travel and dining spending.  The initial fee is $495, which is steep. However, the offset to that is that cardmembers get a $300 travel credit per year, so the net cost of the card is really $195.  Additional benefits include free Priority Pass membership to access airline lounges, free Global Entry application, auto rental collision coverage and lost luggage reimbursement.  We recommend the Chase Sapphire Reserve because when you have this card, you can redeem your points for travel charges at 1.5% ($1,500 airfare will take 100k points) which is the best rate out there. Finally, this card does not charge foreign transaction fees, meaning you will not be charged extra to use this card when you are on your honeymoon.

Also note, the amazing ancillary benefits this card has to offer. For example, on a recent trip to Mallorca, we were able to decline the $90 insurance policy the car rental company wanted to charge us for our rental car because of the auto collision coverage offered by Chase. Then when our tire was punctured on the way back to the airport and the car rental agency charged our card $220 to fix it, the fee was credited back to our account two weeks after filing a simple claim.  Additionally, on the way home, the airline left our luggage in Madrid, leaving us without most of our clothes for three days (travel is always an adventure, right?!). Luckily, we were reimbursed by Chase for $100 spent per day on clothing and toiletries making those 72 hours we went without our luggage much more comfortable.

Chase Freedom Unlimited

chase-freedom-unlimited

Click to apply!

Next, apply for the Chase Freedom Unlimited Card.  This card has no annual fee and earns 1.5% cash back on all purchases. However, when you have the Chase Sapphire Reserve card, what you are really earning is 1.5 points for dollar spent, and these points can be transferred to your Chase Sapphire Reserve account.  When you consider that you can redeem those points for 1.5%, you are basically earning 2.25% back for all of your spendings. We recommend putting all of your non-travel and dining charges on this account.

Ink Business Preferred

Chase_Business_1_2017-01-09_10-09-51

Click here to apply!

Finally, apply for the Ink Business Preferred credit card, which is currently offering 80k points to new members who spend $5,000 in the first three months.  Additionally, this card earns 3x points on travel and certain other spends. After spending the $5,000 minimum, we recommend only using this card for cable and phone bills to earn the 3x bonus. The annual fee on this card is $95.

So combined, after spending a net $290, you will have earned 130k in sign-on bonus points and likely 20k in additional points on all of your other regular spending to earn those bonuses, leaving each of you and your fiancé with 150k points across the three accounts. When combined into your Chase Sapphire Reserve account, that is $2,250 in value (not even including the $300 travel credit, Priority Pass membership, etc).

If you follow these 3 steps you will be well on your way to crushing the points game and that much closer to your dream vacation!

As always, if you have any more questions or need more help regarding this process, please feel free to contact us. We want you to be able to see the world as we have – full of love and in the lap of luxury!

xx,

ITMFT

 

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