2. The Most Common Misconceptions about Traveling On Points

Points Talk with the Travel Mom Squad

Alex, Pam and Jess

Places & Travel, Education, Society & Culture, How To

4.9 • 734 Ratings

🗓️ 10 January 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are you interested in Traveling On Points but…

In the back of your mind, do you worry about the impact on your credit score? Or the time and money required to see results?

You're not alone! When we first started with points and miles, we had similar questions! These are common concerns for people just starting out.

But here's the thing: award travel is a skill, and like any other skill, the more you practice and understand the process, the better you'll get at it.

In this episode, we'll address some of the most common misconceptions about award travel and answer frequently asked questions like:

How much money do you need to spend to earn points?
How do you maintain a high credit score while collecting points?
How much time does it take?
How many credit cards do you need to use?

We'll also share our #1 tip for keeping your cards organized, and an app you can use as a travel tool to track your points, miles, and credit card offers.

This will help you stay on top of your progress and make the most of your Travel experience and make your next trip a breeze!

It may sound overwhelming at first, but don’t psych yourself out. If we can do it, anyone can! By understanding the common misconceptions and frequently asked questions and by staying organized and consistent, you can become a points and miles pro and enjoy the benefits of free or discounted travel.

More Of What’s Inside:

How does collecting points impact your credit?
The misconception is that you just get one card
The power of sign-up bonuses
How to use credit cards to break up your expenses
Planning your card applications around life events
How it’s easier than ever to get started
Our favorite app for traveling
Everyone can make time for this (even the busiest moms)
And much more!

Links:

Links For All Things Travel Mom Squad: stan.store/travelmomsquad

Episode Minute By Minute:

0:02 What’s inside today’s episode
0:38 Traveling on points misconceptions
1:02 Will this ruin your Credit Score?
2:27 What makes up your credit score
5:22 Why Alex doesn't look at cards APRs
6:17 The power of sign-up bonuses
8:58 How many credit cards Pam opens within a year
10:26 Why you DON'T have to spend a crazy amount of money to earn points
14:31 How Alex earned points from paying medical bills
16:35 Why this lifestyle can fit into even the busiest schedules
18:34 Age isn't a limit! Pam is a grandma of 21 grandkids and still does it.
20:42 The best and easiest way to stay organized

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to Points Talk with the Travel Mom Squad, previously known as the Travel Hacking Mom Show.
0:05.8	Follow the links in the show notes to stay up to date with what the Travel Mom Squad has been up to.
0:10.5	Are you intrigued by the concept of traveling for pennies on the dollar, but worried how this will affect your credit score?
0:16.3	Worried about how you can put so much spend on a credit card to meet a bonus, or don't think you can learn to do this? If so, listen on as we tackle those common travel hacking misconceptions and more
0:26.3	in this podcast. Welcome to the Travel Hacking Mom Show. We are three moms who've discovered
0:31.7	how to leverage credit card welcome offers to get hundreds of thousands of dollars in travel
0:36.1	expenses for nearly free.
0:38.1	We've used credit card points and miles to take vacations to places like Hawaii, Paris, Greece,
0:43.4	the Maldives, Italy, and so much more. And the best part, we each still have an 800 plus credit
0:48.7	score. Imagine being able to book a vacation without having to check your bank account. It's
0:53.1	totally possible,
1:00.9	and we're here to show you how. Hey, I'm Alex. And I'm Pam, Alex's mom. And I'm Jess, and we are travel hacking moms. In today's episode, we're going to tell you about some common travel
1:05.6	hacking misconceptions that keep people from jumping into the world of credit card points and miles.
1:11.1	So some of these common travel hacking misconceptions include that it'll ruin your credit
1:15.8	score, that you have to get one credit card and put tons and tons of spend on it,
1:20.9	that you have to spend thousands and thousands of dollars to earn these bonus points,
1:25.5	or that it's just too difficult and that you won't be able to do it.
1:29.3	So let's dive into each one of these and really cover them well.
1:34.1	Okay, Jess, give us some details on credit scores.
1:36.6	This is one that I think really stresses people out.
1:39.8	And I get it because when I started travel hacking, this was the biggest question I had. And so I had to do
1:45.5	my research and figure out how this really affected my credit score before I decided to jump in.
	...

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