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.
Signing up for credit cards and getting the sign-up bonuses is one of the easiest ways to earn a nice stack of points and miles with very little effort. As long as you have good credit and can pay off your bills in full, this is a great place to start. You’ll soon see that besides all of the personal credit cards available, there are almost as many business credit cards. You’ll have twice as many sign up bonuses to choose from. That is, if you have a business.
There’s no shortage of websites that tell you the many ways you can have a business. It all sounds so easy and apparently, everyone has a business and can apply for a business credit card. Here are some examples I’ve seen:
- Do you sell anything?
- Do you provide any services you get paid for?
- Do you rent a property?
- Do you have a side job?
- Do you run a lemonade stand?
- Do you sell brownies at the local market?
Congratulations, you’re a business. Now go and sign up for a business card with this referral link!!!
Sometimes it might be that easy. However, other times it’s not. For instance, I had to prove to Chase that I do run a real business and it’s not as easy as it looks.
American Express has one of the most generous referral policies of all the major banks. If you have an AMEX card, you’re able to generate a referral link that’ll reward you with points, miles or cash, depending on the card, when someone is approved for a card . Where AMEX differs from other banks is that not only can you refer people for the same card that you have, but they can also sign up for any number of other cards and you’ll still get the referral bonus.
These are only some of the cards available with one of our AMEX referral links:
Today we received an email from American Express with a referral offer for the Everyday Preferred card. It’s a tempting offer for a card that normally doesn’t have that great of a signup bonus.
But there’s a catch to the offer, which I’ll get to in a second…
For over twenty years, I’ve had credit cards that earned points or miles. I originally had an American Express Gold travel card that paid me 1.5x points for all travel purchases. Back then, any bonus category was rare, so earning extra Membership Rewards points for my trips was fantastic. I eventually got a Diners Club card because once I was old enough to rent a car (25 years old), the primary renter’s coverage was very important to me (being the son of an insurance claims adjuster helps you set your priorities).
I’ve seen travel cards come and go. It was only about ten years ago that I started getting serious about points and miles. I cautiously waded into the world of credit card sign up bonuses. Continue reading “When It Comes To Earning Points And Miles, I’d Rather Be The Tortoise Than The Hare”
When it comes to applying for new credit cards, you need to play by the rules. Each bank needs to balance its ability to extend new lines of credit against the expense of giving miles or points to every person applying for a new card (or cards). Therefore they all have their own set of rules in place to try and accomplish this goal. Whether these restrictions are successful or not, only the banks know for sure, but for the time being, as points and miles collectors, this is the environment we’re in, so we need to adapt or die.
When writing about cards issued by American Express and Chase, I thought to myself, “Which one of these rules do I hate the least?” Neither of their rules are perfect, but if you know what you’re doing, you can learn to live with both banks. I’ve come to the decision that while both banks are opaque with their restrictions, I’d rather deal with one bank more than the other.