Travel Rewards Credit Cards 101 | How to Pick the Best Credit Card for Free Travel

Travel Rewards Credit Cards 101 | How to Pick the Best Credit Card for Free Travel

Trying to navigate through all the travel reward card options? Are you trying to pick the best credit card to earn free travel? This video should help! We break down the three major categories of travel rewards credit cards so you can pick the right card for you.

Each section contains the following structure:
– Overview
– Example credit cards
– Pros
– Cons
– My experience

Since it’s a long video, here are some markers to help (in case you want to skip to a specific section)
1:19 – Co-branded / loyalty cards
4:29 – Flexible points program cards
9:00 – Flat-rate cards
12:12 – Questions to help you decide which card is right for you

Please share your experiences and ask any questions in the comments section!

– Chase Sapphire Reserve ⇨
– Chase Sapphire Preferred ⇨
– Chase Freedom ⇨
– Chase Freedom Unlimited ⇨
– Chase Ink Business Preferred ⇨
– Chase Ink Business Cash ⇨
– Chase United MileagePlus Explorer ⇨
– American Express Blue Cash Preferred ⇨

– CAMERA: Canon G7X Mark II ⇨

– Newsletter / Website ⇨
– Instagram ⇨
– Pinterest ⇨
– Twitter ⇨
– Facebook ⇨
– Snapchat ⇨ @tripastute

– Shop on Amazon ⇨

– Airbnb (use ERNESTS1215 for off your 1st booking) ⇨
– Lyft (use ERNEST243 for off your 1st ride) ⇨
– Uber (use ERNESTS1354ue for off your 1st ride) ⇨

– Santo Rico by Twin Musicom is licensed under a Creative Commons Attribution license (
– Fortaleza by Topher Mohr and Alex Elena
– Getz Me to Brazil by Doug Maxwell/Media Right Productions
– Staccato by Vibe Tracks
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Credit Cards 101: How to build your credit score ASAP and leverage your money

It is the most essential videos I’ve made so far: how to get a credit card, why you should care, exactly what factors raise your credit history, and how that may in the end help to make you cash. I acquired my first credit card at 21 years of age, after banking institutions switched me straight down for a loan on real estate – this will be from my experiences building my personal credit.

Your credit score reveals banks how responsible you will be together with your money. The ratings consist of about 300-850, using most useful rates becoming offered to those individuals who have a score above 740. It shows banking institutions just how most likely you might be to potentially default on a loan in addition they adjust their interest rate in accordance with their particular risk.

They calculate your credit rating based off several factors:
-Length of credit score – the longer you’ve had it, the bigger the rating
-How much credit available for your requirements – the more cash you have available, the larger the rating
-How a lot of it you really make use of – the less overall you use, the bigger the score – this will be known as usage price
-On time payments – if you’ve never really had a late payment and constantly pay timely, the higher the score
-The diversity of loans you’ve had – for those who have number of bank cards, automotive loans, home loans, the larger your score.
-Total queries – which means every time you apply for financing or charge card, it’s marked. The greater times you apply, the greater risk you’re seen, since people who apply for countless credit in a brief length of time might be desperate for cash, and this briefly reduces your score. But lets perhaps not worry about this since for most people simply starting, it won’t make a difference.

Bank card misconceptions:
-You do NOT need to pay interest to boost your credit rating. Pay it back completely, you don’t need maintain a tiny stability monthly.
-It cannot hurt you to check your own credit score. I take advantage of CreditKarma frequently maintain an eye on my rating and where it is at.
-It’s additionally untrue that having a lot of cards will decrease your rating – the contrary is true. The greater credit you have available, generally your debt-to-credit ratio is supposed to be a great deal lower, which will boost your score.
-Do never close out a charge card, particularly when it’s a vintage account. When you shut a credit card, in addition closes all of that credit score – which will be an enormous element of good score. Keep your credit cards available even though you don’t make use of them, or if you spend an annual charge, see should they can downgrade the card to a free of charge account.
-NOT all debt is bad. There might be great financial obligation – like a mortgage, or a car loan in which finances is much better off invested somewhere else – or bad debt, which can be that costly Hawaiian getaway for 00 that one couldn’t pay for however you made it happen anyway because you wear it a credit card. Debt is a great solution to leverage your hard earned money and have now it work for you, making more cash within investments than you repay in interest.

Now bear in mind, a credit card is one thing to use responsibly. Only place a normal quantity on cards every month as you would cash or a debit card, and pay it back in full. That’s it. it is really, actually simple. Ultimately it is possible to take advantage of great charge card benefits that’ll enable you to get no-cost trips and benefits. Lookup credit card churning to learn more.

The best charge cards:

-Bank of America Cash Rewards:

-Amex Gold Card:

-Chase Sapphire Popular:

-Chase Sapphire Reserve:

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