Today, I want to answer your reader questions. If they are short and simple questions, I can answer them directly in the comments section. If they are longer and more complicated questions, I might write a blog post about that topic. So without further ado, what questions do you have about credit cards? Have a great weekend everyone!
Good morning everyone, happy Friday! Yesterday, I received an interesting comment on my post: My 5 New Year’s Travel Resolutions for 2020. The commenter, MrDioji, asked: “How do you get Award Wallet to display airline and dining credits? Or do you manually add them?” He was referring to this screenshot of my American Express balances in my AwardWallet account. Instead of answering the question in the comments section, I thought it would be helpful to write a post about this topic to help other readers. In this post, I will show you how to view or hide airline credits, dining credits, hotel free night certificates, and many other pieces of information.
Good afternoon everyone. Generally, at the end of the year, I like to review my travel predictions for the past year and make new predictions for the coming year. After a long streak of poor prediction performance (2018 prediction results, 2017 prediction results, and 2016 prediction results), I decided not to make any travel predictions for 2019. But my predictions are coming our of retirement / hibernation today. I really recommend reading the travel predictions that Stephen at Frequent Miler made, especially his top 5 predictions:
Capital One To Add Virgin Atlantic As Travel Partner
Amex Membership Rewards To Transfer To JetBlue On A 1:1 Basis
Free Breakfast For IHG Spire Elite Members
Citi To Allow Card Referrals
Chase And/Or Amex To Increase Referral Limits
I am going to piggy back on his predictions and add a few of my own. So without further ado, here are my travel predictions for 2020
My 2020 Airline Predictions
Alaska, American, Delta, or United will introduce a “Cash and Miles” payment option for award tickets. Clarification: This is not to be confused with Delta’s “Pay with Points” option where you get 1 CPP for each Delta SkyMiles for paid flights. I’m thinking more along the lines of the way British Airways and Avianca do it for award tickets.
Allegiant Airlines, Frontier Airlines, Spirit Airlines, and Sun Country will announce a merger, but I’m not sure who will merge with who.
Good afternoon everyone, I hope your weekend is off to a great start. A few days ago, I wrote a post titled I Paid $4,588 in Credit Card Annual Fees in 2019 – Was it Worth it? In that post, I shared the 21 credit cards that I plan on keeping and how I justify paying the annual fees on those credit cards. I felt bad for the 16 no annual fee cards that Laura and I have and decided to write a post about them too. Roughly half of the no annual fee credit cards were downgraded / converted from a credit card with an annual fee. Besides the rewards that some of the no annual fee credit cards provide, keeping no annual fee credit cards open long term is good for your credit score. It improves the length of credit history (average age of accounts), which represents 15% of your total credit score. It also helps with the amounts owed (your credit utilization ratio), which represents 30% of your total credit score. Lastly, it helps with payment history (paying your credit card bills on time), which represents 35% of your total credit score. For more info, check out this Doctor of Credit page.
Good morning everyone. As we approach the end of the year, I decided to take a look at my credit card spreadsheet and see how much my wife and I paid in annual fees this year. I removed all the no annual fee credit cards and here are the 26 credit cards that have annual fees (sorted alphabetically). I will break down this list into cards that I am 99% sure that I will cancel, 99% sure that I will keep, and the 50/50 cards that I might keep or cancel. Read through this post and let me know if you agree or disagree with my thinking.