If you’re ready to maximize your spending, here are 11 hacks to help you start traveling for free.
Look for sign-up bonuses.Often, companies offer sign-up bonuses for new customers and if you’re lucky, they also waive the annual fee. This gives you an opportunity to earn up miles for an entire year without paying a dime. A popular strategy is to rack up miles on a new card with a sign up bonus, transfer the miles to another account or cash them in for plane tickets, and then close the card before you are required to pay an annual fee.
Just make sure to read your card agreement to make sure you won’t lose any miles if you transfer them. If the credit card has strict rules about this, it may be worth going with a different company. Sign up bonuses are popular ways to get customers in the door, so you shouldn’t have a problem finding a more flexible program.