3. Traveling on Points Basics: Cards We Love and The Ones We Canceled

If you hear “two-player mode” and “Chase 5/24” and think we are talking about video games, you may need to brush up on your Traveling on Points terminology. If you don’t know the lingo, it can feel like everyone speaks a different language in the points and miles world. Never fear; we are here to help!  In this episode, we will give you the rundown of all the common terms and lingo you need to know before diving into the deep end of applying for credit cards to earn points. After years of trial and error, we have found some of the best options on the market that can help you earn faster than you thought possible. We aim to help you understand which of the three card options for points works best for you.  By the end of the show, you’ll know the basics about traveling on points and be ready to start building a strong foundation of cards that fund your dream vacations.  After you know how to start, you also need to know how to end things. During this conversation, we will give you a look into our wallets and share our decision making process for when we close a credit card, when we downgrade our cards and let you know what cards we plan never to stop using.  We also share our top picks for business cards, what you need to know before making someone an authorized user on your card, how many cards you can apply for a year and more!   PS:  Don’t forget to check out the links below to find all the cards we mentioned if you want to start applying today!    More Of What’s Inside: The Chase 5/24 Rule and why it matters What we use to track our 5/24 status How we manage the annual fees Why we always keep our cards for at least a year The benefits of the Hyatt card Why Pam loves her American Express card When and why we cancel a card What it takes to keep an account active The benefits of having a business card Cards that will never leave our wallets How you and your spouse can open cards to earn more And much more!   Links: Links For All Things Travel Mom Squad: stan.store/travelmomsquad   Links For This Episode:  Travel Freely App: https://my.travelfreely.com/app_store?bref=hmyt How to Qualify for a Business Credit Card: http://travelmomsquad.com/how-to-qualify-for-a-business-credit-card/   Episode Minute By Minute: 0:02 What’s inside today’s conversation 0:44 Let’s talk about the traveling on points Basics 1:43 The 3 types of cards for traveling on points  4:18 The perks of having transferable points 5:45 Understanding the Chase 5/24 Rule 11:02 Two-player mode and what you need to know 14:42 Think about this before make someone an authorized user 17:42 One card that doesn’t have annual fees 20:27 When and why we close or cancel a card  24:48 Cards we will probably never cancel