No matter if it’s planned or unplanned, no one likes being faced with a large bill that you need to pay. It could be something you know is coming, like your tax payment. You could also be planning some renovations that’ll cost a pretty penny. There are also unplanned expenses like car repairs or emergency medical bills. Needless to say, there is any number of these things that you’ll need to pay. One thing you want to happen is that they’ll accept a credit card for the amount due.
Hopefully, you’ll have enough money stashed away to pay these bills. You don’t want to carry a balance on your card and pay the interest charges. However, if you can put the charge on a card, you can earn a bunch of points and miles for these expenses, if you’re prepared.
Here are some of the ways you use large expenses to your advantage to maximize travel rewards.
Happy Sunday to all of our travel friends, both near and far! Here are some articles we’ve read from other bloggers (and other sources) that we think you may like, as well, so we’re passing them along.
According to USA Today, the average American family spends 10% of their income to pay for food, with that spending split almost evenly between eating out and eating at home. Plenty of credit cards provide bonuses for spending on restaurants, fast food and coffee shops but far fewer provide a bonus when buying groceries.
For a spending category that, on average, is 5% of your income, it makes sense to have a card that maximizes the points earned on those purchases. If you don’t want to have a card just for grocery spending, you should at least know which one of your cards will earn you the most amount of points possible.
These bonuses do not include grocery purchases made at Walmart, Target or any discount club like Sam’s Club, Costco or BJ’s.
In May of 2018, I wrote an article that told everyone to pool their Chase accounts into whichever one was the most valuable because the ability to do so might be going away. It was a big story for like a week and there was plenty of hand wringing and mumbling (Sharon: “Was this all happening in the points and miles blogger world?” Joe: “Yes.” Sharon: “Oh, OK. Cuz I don’t remember wringing my hands and mumbling but I don’t do the points and miles thing, so that make sense now.”) but eventually, nothing happened. Everyone moved along to the next crisis and the issue was pretty much forgotten with no new news. And when it comes to points and miles, Gary Gnu taught me growing up that no gnews is good gnews.
The Great Space Coaster, but I digress. Back to the topic, combining Chase Ultimate Rewards.
JPMorgan executives debated whether to stop letting cardholders pool together points from multiple cards, according to people familiar with the matter. JPMorgan’s [spokeswoman Mary Jane] Rogers said the bank has no current plans to stop cardholders from pooling points.
Like he says, this is no guarantee they won’t change their minds about this but I guess it’s still more of a positive than a negative for them, both from financial and publicity standpoints.
So why do I think it’s wise for you to combine your points into a single account?
Fuel Rewards is a program that provides discounts at Shell gas stations. It’s free to sign up and everyone who joins automatically gets some type of savings. You can save more by taking certain actions (i.e. using a shopping portal or dining program) or by having a card belonging to one of their partners.
Let’s first talk about signing up for Fuel Rewards.
If you’re not already a member, you can get 25 cents off per gallon on your first fill up after joining. We have a referral link where we’ll also get a credit for for new signups. You want to support YMMV, don’t you?
Once a member, you have automatic gold status for 6 months. The ongoing membership process is a little more difficult to follow: