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5 Tips To Churn Your Way To Free Travel

5 Tips To Churn Your Way To Free Travel
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Churning is the credit card strategy the banks don’t want you to know about. In fact, it’s so effective, banks have been setting up new rules year after to year to prevent gamers from exploiting the opportunity. The good news is, travel hackers are still ahead of the banks, and we’ll share their secrets.

Churning is simply the strategy whereby you open a credit card, collect welcome bonus miles, use them for a free flight and either close or stop using the credit card. You then do the same thing over and over again. That’s right, you get multiple free flights every year just by signing-up for new credit cards.

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Some people needlessly spend dollar after dollar, day after day, year after year, trying to earn enough points from their credit cards for a free flight. That strategy is needlessly long and inefficient. Why spend $50,000 to get 50,000 miles, when you can get them just by signing-up for a new credit card?

Getting new credit cards is the fastest and cheapest way to exploit credit card incentive offers. While many other industries have high switching costs (mobile you may have a contract, insurance you may have a 1 year term, mortgage you may have a pre-payment penalty), getting a new credit card is easy. In fact, you don’t even have to get rid of your old one. Some people carry over 40 active credit cards! Here’s how to churn your way to free flights.

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1. Find a Credit Card With A Free Flight Welcome Bonus

There are a ton of credit cards that offer sign-up bonuses offering free flights. However, not all bonuses are created equal. For example, some bonuses are large enough for return airfare to anywhere in North America, others are only good for a short-haul flight. Do a little research in advance to figure out the best opportunities.

2. Watch Out For Minimum Spending Requirements

Credit card issuers got wise to churning years ago. As a result, many require that you spend a minimum amount on your credit card within the first 3 months to become eligible for the welcome bonus. Make sure you find out what threshold you have to meet, if any, to become eligible to receive the bonus.

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If the minimum spend requirement exceeds your budget, you may want to consider manufacturing your spend by pulling some of your future expenses forward by purchasing gift cards for gas or groceries. For example, if you’re $400 short of meeting your $1,500 spend requirement, buy $400 of gas and grocery gift cards you know you’ll use the following month.

3. Focus on First Year Free (FYF) Offers

To make churning really profitable, focus on credit cards that waive the first year annual fee—that way the flight is truly free. Before the end of the first year, simply cancel your card to avoid the annual fee.

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That said, there are some cards that never waive their annual fee and are still worth churning. Why? So long as the welcome bonus is worth more than the annual fee, then it’s profitable to churn. That said, with so many first year free offers in the marketplace, you’re best off focusing on those first.

4. Time It Right

Credit card issuers provide different sized welcome bonuses throughout the year. Familiarize yourself with their offers so that when that too good to be true bonus becomes available, you’re ready to pounce. The same issuer can double the size of a welcome bonus from one month to the next, so it pays to keep yourself informed of the best credit card deals in the marketplace.

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5. Rinse, Wash, Repeat

After you’ve done it once, do it over and over again. You don’t want to apply for too many cards at the same time, as your credit score will suffer. However, if your credit score is strong to begin with, applying for a new credit card 3-4 times a year is very doable. You can also monitor your credit score throughout the year to ensure you’re not being overly aggressive.

Featured photo credit: ThePixelman/Pixabay via pixabay.com

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Marc Felgar

Marc Felgar is an aging, health & senior care expert focused on improving the lives of mature adults.

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Last Updated on July 12, 2021

100 Incredible Life Hacks That Make Life So Much Easier

100 Incredible Life Hacks That Make Life So Much Easier
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Want to learn some quick and easy life hacks that are easy to do, low cost and saves you time?

By tweaking little things in your daily life, it can make your life much more convenient!

Here’re 100 of the most practical life hacks so you can just pick up any of them right away!

83 tie a small piece of bright colored fabric

    84 write random letter

      85 use a rubberband

        86 dorm smell bad

          87 lean your phone on your sunglassess

            89 how to waterproof your shoes

              90 take a picture of the name card

                91 iron inside out

                  92 old newspaper

                    93 tumble try shoes

                      keep a card like this

                        SONY DSC

                          94 soap bar

                            95 make a hole

                              96 drop the battery

                                97 use a coozie

                                  98 when taking a picture

                                    use a clean dust pan

                                      try a pants hanger

                                        use your cellphone light

                                          use a spring from an old pen

                                            quick and easy iphone speaker

                                              user binder clips

                                                wrap a wet paper towel around your beverage

                                                  put pancake mix in a ketchup bottle

                                                    clean out an old lotion bottle for your beach

                                                      use a muffin tin to serve condiments at a bbq

                                                        doritos are great for kindling

                                                          use nail polish to identify different keys

                                                            use a hanging shoe rack to store cleaning supplies

                                                              freeze grapes to chill white wine without

                                                                use paper clips to organize your cables

                                                                  almost finished your jar of nutella

                                                                    sick of having a box full of tangled

                                                                      unroll the rim to increase the capacity

                                                                        cut open toilet paper rolls and use as a cuff

                                                                          remove the stem from strawberries

                                                                            turn an old bottle into a simple little cord holder

                                                                              for iced coffee and iced cappuccino, use frozen coffee cubes

                                                                                how to fold a fitted bed sheet

                                                                                  tired of snoozing past your alarm

                                                                                    place a rubber band around an open paint can to wipe your brush on

                                                                                      ut a wooden spoon across a boiling pot

                                                                                        use bread clips to save flip-flops

                                                                                          take pictures of friends holding items

                                                                                            how i always know which headphone is the left one

                                                                                              put a stocking over the end of a vacuum

                                                                                                How to make sure you drink enough water

                                                                                                  user a can opener to open blister

                                                                                                    good sandwich guide

                                                                                                      turn your muffin pans upside down

                                                                                                        50 pounds of groceries and living on the 5th floor

                                                                                                          the right way to make a blt

                                                                                                            add one teaspoon of baking soda

                                                                                                              38

                                                                                                                hair straighteners equals to collar irons

                                                                                                                  stack your clothes vertically to see them all

                                                                                                                    the right way to make cookies in the summer

                                                                                                                      how to clean a blender

                                                                                                                        the right way to eat a popsicle

                                                                                                                          use bread clips to label and organize power cords

                                                                                                                            to get the built up residue off of your shower head

                                                                                                                              user a hair clip to orgainize long wires

                                                                                                                                a frozen saturated sponge in a bag

                                                                                                                                  rub stuck zipper teeth with a graphite pencil

                                                                                                                                    use a soda pop tab

                                                                                                                                      50

                                                                                                                                        51 How to multiply large numbers in your head.

                                                                                                                                          52 How to open a bottle if you dont have a corkscrew.

                                                                                                                                            rub a walnut on damaged wooden furniture

                                                                                                                                              kids fall out of bed

                                                                                                                                                use toothpaste to clear up hazy car

                                                                                                                                                  58

                                                                                                                                                    59 keep pizza out while driving home

                                                                                                                                                      60 put your straw through the tab to keep it from rising

                                                                                                                                                        hold oreos with a fork so your fingers

                                                                                                                                                          Never lose your remotes again

                                                                                                                                                            hiding your emergency money

                                                                                                                                                              use a bread tab to hold your spot on a roll

                                                                                                                                                                if you are at a hotel and run out of chargers

                                                                                                                                                                  keep a square of cardboard in a ziplock bag

                                                                                                                                                                    If you need to pee or smoke at a bar

                                                                                                                                                                      drill holes in the bottom of your garbage

                                                                                                                                                                        use an accented letter as your passcode

                                                                                                                                                                          use a squeeze ketchup bottle top with your shopvac

                                                                                                                                                                            do something unusual when locking the door

                                                                                                                                                                              when heating leftovers space out a circle in the middle

                                                                                                                                                                                dont burn yourself in those hard to reach candles

                                                                                                                                                                                  put a small amount of water in a glass when you microwave your pizza

                                                                                                                                                                                    75 use a piece of paper to organize

                                                                                                                                                                                      use half a pool noodle

                                                                                                                                                                                        pencil case to store cables

                                                                                                                                                                                          78 clothespin to hold nail

                                                                                                                                                                                            79 make blts

                                                                                                                                                                                              80 take a picture of your fridge

                                                                                                                                                                                                81 fill plastic water bottles

                                                                                                                                                                                                  82 right ways to eat chips

                                                                                                                                                                                                    99 if your plug keeps failing

                                                                                                                                                                                                      100 put the banana on the wire

                                                                                                                                                                                                        88 before you throw away a post it

                                                                                                                                                                                                          Source: Reddit LifeProTips

                                                                                                                                                                                                          There you go, 100 awesome life hacks that you can try right now to make your life a lot easier!

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