Who can resist the allure of “free travel”? Just sign up for a credit card or two and you can set off across the world for pennies on the dollar! To someone who has never applied for a credit card with a big bonus before, that last line probably sounds exaggerated at best and outright fraud at worst. What some of you reading know is that it’s not only possible, but you might not even have to pay those pennies if you do it just right!
The problem is that so many people seem to take this wonderful opportunity and do it all wrong! It’s an extremely rare day that I can make it through all the blogs I follow on feedly or the comments in reddit’s churning community without an absurd value proposition being thrown around. For every one person that truly seems to be maximizing the utility of points and miles, there seem to be a dozen chasing the juicy carrot at the end of the stick. This isn’t some unique problem to travel hacking, but rather a reflection of “deals” that every other corporation with a product to sell has used for decades and a ton of people seem to be falling for it!
Let’s explore how most people are terrible at saving in general, how to avoid the same old corporate tricks that take your money, and find the light at the end of the tunnel where you might be able to actually use travel hacking to improve your financial standing.