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Flight #77: Credit Card Points

Today we’re diving deep into credit card points, sharing highlights for both seasoned collectors and newcomers alike. Joining us is Mary Graves, who shares her journey into the world of point collection and how it can pave the way for a fulfilling retirement. Discover the strategic moves necessary to accumulate points without depleting your savings, and learn how to leverage them effectively for travel experiences.

Listen in as Mary highlights the importance of viewing debt as a tool and offers guidance on who should—and shouldn’t—get involved in credit card point accumulation. You will learn about travel hacking with credit card points, as well as how to avoid the pitfalls of hoarding points with the hope of future value appreciation. Mary also sheds light on the concept of devaluation and inflation in the points economy, emphasizing the significance of maximizing the utility of your points to reap the greatest rewards.

What You’ll Learn In Today’s Episode:

  • How Mary got involved in credit card points.
  • The importance of having the right plan while you’re working for retirement.
  • How to use credit card points to travel.
  • Why debt should be used as a tool.
  • Who should not get involved with credit card points.
  • What cards are best for credit points.
  • How to stay organized with credit card points.

Ideas Worth Sharing:

  • “If you’re guilty of hoarding credit card points, hoping that they will be worth more in the future, then this is probably not for you. There isn’t any point in you trying to earn points if you’re not going to use them.” – Mary Graves 
  • “Devaluation of points is the same thing as inflation. It takes a lot more dollars to buy things.” – Kevin Gormley 
  • “You have to stay very organized in order to utilize credit card points.” – Mary Graves

Resources In Today’s Episode:

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