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Old 19.10.2017, 19:12
BostonToZurich BostonToZurich is offline
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Re: Swiss credit cards - air miles, reward points?

No, it's a good question! A lot of us (points and miles people), will open a credit card with an airline. Now, every time we fly that airline we get free baggage. Those costs savings add up.

I open a new hotel credit card for 50K points and two free nights. I spend the minimum required to get the 50K points, now I've got 3 nights at the Park Hyatt Sidney Opera House for free. Those rooms can be 800-1100 a night!

You could close the card after, but in most cases it actually helps to keep it open. I don't carry a balance on any card, but leaving the cards open increases my available credit and I utilize very little of that credit so my credit score increases.

It's quote the opposite of what most people thing. If I did all 15 cards in 1 year.. yes, then my credit report would look horrible, but you do this over the course of a few years, you churn and burn some. But in the end, you continue to use 2 or so for your daily needs. 1 travel, 1 for entertainment.. something like that.
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