Travel Credit Card Pros and Cons

posted 1 year ago in Money
Post # 16
Member
1846 posts
Buzzing bee

Typically the interest rate on these cards is higher than average to balance out the promos, points and offers they have. They can work at really well financially and rack up a lot of points. But you have to have the cash to pay them off every month before the interest kicks in or you will end up not getting far enough financially to balance out the costs you’ll be paying in interest.

Post # 17
Member
573 posts
Busy bee

YEEEEEEEEEEEEEEESSSSSSSSSS

We have Chase Sapphire Reserve and AmEx Platinum. we used the CSR mostly for the wedding, and this is what we got:

two free flights from LAX to Bali  (last november)

lounge access at the airports

Free stays at 3 different lodgings in different parts of the island. NO JOKE: these were private villas, with their own freaking pool and garden. upgraded breakfast included.

we basically paid for food, and our scuba diving trip. we spent about $3500 for an easy $15K  honeymoon.

3 days back at work and hubs needs to go to Hawaii for work, so I jumped in. paid for flight and paid 2 nights at a hilton with points, got the third night free, free breakfast, upgraded room.

 

getting kitchen appliances and opened up the Am Ex:

booked San Diego to Miami (2 nights)/ Barbados for 8 days. Flights on points.

4 free nights, using points + cash for the rest

IT’S SCARY AT FIRST! but worth it.

 

 

Post # 20
Member
1368 posts
Bumble bee
  • Wedding: August 2018 - Banquet Hall/Conference Center

trishthedish23 :  if you already bank through Chase then it’s a no brained, definitely do it! I recommend starting a wedding account / Card as early as possible and only putting wedding related stuff on it, even small things like ring bearer pillows and Bridesmaid or Best Man gifts. That way you can easily track exactly how much your wedding ended up costing.

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