Reward Credit Card Mistakes
Rewards credit cards are the new black! They allow you to collect a variety of points, cash back bonuses and airline miles just by using them. They reward your loyalty and usage by giving you something back. However, just like with any credit card, there are downsides to rewards credit cards if you do not manage them properly. Today we explore some of the reward credit card mistakes you could be making and how to mitigate against them.
Getting Too Many Reward Credit Cards
A rewards credit card is still a credit card. It affects your credit score the way a normal credit card does. Opening too many rewards credit card accounts is bound to negatively affect your credit score. As with any credit card application, your credit background will be checked. Too many checks and lenders might get suspicious of your activities and downgrade your score.
Secondly, rewards credit cards award loyalty. With many credit cards you stand s smaller chance of accumulating any significant rewards with any program. As commonly said, you are spread too thin. The best solution for you is to consolidate your cards or programs and focus on one or two that fit your needs.
Overspending to Acquire Miles
The idea of earning miles and using them to fly free is alluring. It makes you want to grab your card and go on a spending spree. However, before you do that, consider the implications. You still have to clear the charges you make on the card. You have been loaned money and you will pay it back, with interest! Ask yourself whether the miles you earn are worth the interest you pay at the end of each month.
This is a rather common rewards credit card mistake. The best solution is to use your card normally. Follow your budget when using your rewards credit card. Do not under any circumstance go overboard just to earn the miles. It might lead you into unnecessary debt.
Paying Interest On Reward Credit Cards
Rewards credit cards have higher interest rates than normal credit cards. Many users make the mistake of accumulating huge balances on their cards and end up paying hefty interest rates and late payment fees. As with any credit card, ensure that you pay off your credit card balances on time each month. This will reflect well on your credit score and save you a tonne. It also means you earn rewards cheaply since you are paying normal interest rates and have no penalties.
Forgetting About Rewards
Do you know the rewards you have with all your reward credit card programs? You will be surprised by how many users are unaware of what they have accumulated so far. If anything, this is one of the more prevalent reward credit card mistakes! Users simply forget about their rewards. The rewards end up expired or devalued since owners fail to claim them.
Consider your credit card rewards an investment. Something of value. With any investment you want to know the performance and rate of return. Keep track of the programs you sign up for and what they offer in terms of rewards. You can sign up for services that allow easy tracking of your rewards such as Awards Wallet. You can also download apps to easily manage your points.
Redeeming the Wrong Reward
Most reward credit card users do not calculate the value of their redemptions. You get a raw deal when you fail to weigh the options. Of the available rewards for redemption, choose the one that makes the most economic sense while satisfying a need. For example, while it might be tempting to shell out 30,000 points for a trip to Mexico, basic math shows it is not an optimal choice. It would be cheaper to pay for the trip in cash! You can instead redeem your points for a gift card or item.
The reality is, redeeming points isn’t as easy as walking into Starbucks and ordering your morning latte. It’s a process. Lengthy at times. You do not always get what you want when you want it. Keep that fact in mind when earning and redeeming your rewards. Adjust your expectations accordingly. If you plan on redeeming your rewards and miles, plan well in advance. Book flights early and confirm often before your travel date.
Reward credit cards offer consumers a way of getting something back for money spent. They are not perfect, but, they are better than nothing. Used responsibly and managed carefully, these cards open opportunities for you to enjoy free rewards. You can make the most of your card by avoiding the reward credit card mistakes discussed and implementing the simple suggestions. There is much to be enjoyed if you plan well in advance and stick to your program!
What mistake has affected you the most and how have you solved it? Please, let us learn from each other in the comments below 🙂Read More
It is hard to find humor in Airline complaints but this letter made me almost crack my bones. This guy Rich Wisken had to tolerate fetid whiffs of body odour from ‘infant hippopotamus’ obese man sitting next to him for four-and-half hours. Mr Wisken was not at all happy with the four-and-a-half-hour flight and has penned a furious letter to the airline, Jetstar, a subsidiary of Qantas.
MR WISKEN’S LETTER TO JETSTAR
Do you like riddles? I do, that’s why I’m starting this letter with one. What weighs more than a Suzuki Swift, less than a Hummer and smells like the decaying anus of a deceased homeless man? No idea? How about, what measures food portions in kilograms and has the personal hygiene of a French prostitute? Still nothing? Right, one more try. What’s fat as f***, stinks like shit and should be forced to purchase two seats on a Jetstar flight? That’s right, it’s the man I sat next to under on my flight from Perth to Sydney yesterday.
As I boarded the plane, I mentally high-fived myself for paying the additional $25 for an emergency seat. I was imagining all that extra room, when I was suddenly distracted by what appeared to be an infant hippopotamus located halfway down the aisle.
As I got closer, I was relieved to see that it wasn’t a dangerous semi-aquatic African mammal, but a morbidly obese human being. However, this relief was short-lived when I realised that my seat was located somewhere underneath him.
Soon after I managed to burrow into my seat, I caught what was to be the first of numerous fetid whiffs of body odour. His scent possessed hints of blue cheese and Mumbai slum, with nuances of sweaty flesh and human faeces sprayed with cologne – Eau No.
Considering I was visibly under duress, I found it strange that none of the cabin crew offered me another seat. To be fair, it’s entirely possible that none of them actually saw me. Perhaps this photo will jog their memories.
Pinned to my seat by a fleshy boulder, I started preparing for a 127 Hours-like escape. Thankfully though, the beast moved slightly to his left, which allowed me to stand up, walk to the back of the plane and politely ask the cabin crew to be seated elsewhere. I didn’t catch the names of the three flight attendants, but for the purpose of this letter, I’ll call them: Chatty 1, Chatty 2 and Giggly (I’ve given them all the same surname – Couldnotgiveash***).
After my request, Chatty 1 and Chatty 2 continued their conversation, presumably about how s*** they are at their jobs, and Giggly, well, she just giggled. I then asked if I could sit in one of the six vacant seats at the back of the aircraft, to which Giggly responded, “hehehe, they’re for crew only, hehehe”. I think Giggly may be suffering from some form of mental impairment.
I tried to relocate myself without the assistance of the Couldnotgiveas*** triplets, but unfortunately everyone with a row to themselves was now lying down. It was then I realised that my fate was sealed. I made my way back to Jabba the Hutt and spent the remainder of the flight smothered in side-boob and cellulite, taking shallow breaths to avoid noxious gas poisoning. Just before landing,
I revisited the back of the plane to use the toilet. You could imagine my surprise when I saw both “crew only” rows occupied by non-crew members. I can only assume Giggly let them sit there after she forgot who she was and why she’s flying on a big, shiny metal thing in the sky.
Imagine going out for dinner and a movie, only to have your night ruined by a fat mess who eats half your meal then blocks 50% of the screen. Isn’t that exactly the same as having someone who can’t control their calorie intake occupying half your seat on a flight? Of course it is, so that’s why I’m demanding a full refund of my ticket, including the $25 for an emergency row seat.
I’m also looking to be compensated for the physical pain and mental suffering caused by being enveloped in human blubber for four hours. My lower back is in agony and I had to type this letter one-handed as I’m yet to regain full use of my left side. If I don’t recover completely, I’ll have to say goodbye to my lifelong dream of becoming Air Guitar World Champion. If that occurs, you will pay.
To discuss my generous compensation package, email me at: email@example.com, or tweet me at: @RichWisken
Rich Wisken.Read More
Alan and Jan’s love story is special and unique.
They met at Regis University in 1988 where they both were completing their degrees. From their first coffee date to their 21st wedding anniversary, Alan and Jan shared an indescribable connection that would last a lifetime.
“Our love was an exception,” said Jan. “We were always able to work out any issues and go to bed happy – I truly feel blessed to have known this kind of love.”
After their first year of marriage, the couple started their own computer company, which allowed them to start saving for their future. The company continued to thrive into the early 2000’s. The success of their company brought numerous business trips around the country, allowing the couple to attain thousands of frequent flyer miles, which they agreed to save and use for personal travel upon their 25th wedding anniversary.
But in 2008, Alan passed away from a sudden lung aneurism at the age of 51, just three years short of their 25th anniversary and plans to travel the world together. The couple’s frequent flyer miles sat untouched for several years until one morning in December when fate intervened and showed Jan what to do with them.
“It was an odd morning to begin with,” said Jan. “My dog, Thunder, woke me up earlier than usual to go to the bathroom, so I decided to turn on the local news, something that I NEVER do in the mornings, for some background noise.”
When Jan turned on the television, the 7NEWS morning broadcaster appeared and eagerly asked viewers to call in and donated their unused frequent flyer miles to help Make-A-Wish Colorado wish kids.
“It was perfect timing,” said Jan. “So I dialed the number, spoke to a Make-A-Wish volunteer and instantly broke down into tears. These airline miles were so important to Alan and me that it was very emotional for me to be donating them all to charity because it truly meant that we would never be using them together as planned.”
After collecting herself, Jan announced to the volunteer that she wanted to donate 323,083 airline miles.
“Alan and I were saving these frequent flyer miles for our future,” said Jan. “But, donating them was the best decision I’ve ever made because now kids and their families will be able to fly to their wish destinations and create lasting memories together.”
Jan is reminded of Alan’s kindhearted spirit every day and knows that he supports her decision to donate the airline miles to Make-A-Wish Colorado.
To donate your airline miles to help wish kids take flight please visit here.Read More
5 Most Common Airlines Complaints
One way to choose the best airline for a trip is to consider their services. Many are times, travelers complain about poor airlines services. Today i share with you most common airlines complaints.
Problems like flight cancellation, delays are common thus affecting air travel reliability. Such problems are likely to happen due to poor weather conditions or the volcano disruptions. If no communication or proper guidance, customers are destined to complain.
This has become a trend to many airlines; loosing your luggage, delayed, damaged or excess baggage charges. It has become even difficult to claim your lost baggage as there is no set of rules as how the airline will deal with your problem. Such incidences can be frustrating.
Poor customer services can negatively impact your business in many ways. Poor cabin services, use of informal language to passengers, unclean in-flight toilets or miss-handling of disability will not only raise complains but loosing your most valuable customers in the process.
Nothing can be frustrating like passing through security heading to the gate only to find out you won’t make it onto your flight due to overbooking. Airlines tends to book more customers just in-case a customer doesn’t show up, the plane will still be full. It can be tricky when all customer turns up forcing other passengers to be left stranded.
Air travel can be pricy. Travelers might be dissatisfied by high airline fares, excess baggage charges, over charges or incomplete information about fares thus Express their complaints.
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I Spent $7000 and Didn’t Even Get a Lousy T-Shirt – Mo Money Mo HousesRead More
Almost everyone complains about how dreadful airplane food is. These days many airlines don’t even provide a complimentary meal on shorter flights. Smart people often pack their own meals when flying, but that isn’t always possible with cross-border flights. The airlines that have made a conscious effort to improve their food quality may be setting themselves apart.