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Maximize Your Travel Rewards with O1ne Mortgage

At O1ne Mortgage, we prioritize your financial education and well-being. Whether you travel frequently or just occasionally, travel expenses can quickly add up. Fortunately, travel rewards can help offset these costs, and the best part is that you can earn rewards for activities you’re already doing. Here’s how you can make the most of travel rewards.

How to Earn Travel Rewards

There are several ways to earn travel rewards that you can redeem for your next trip. One of the most popular methods is using a rewards credit card. By combining the use of your card with other strategies, you can accumulate rewards even faster. Here’s how:

1. Earn with a Rewards Credit Card

Using a travel rewards credit card is a straightforward and effective way to earn rewards on everyday purchases. For every purchase you make with your card, you earn a specific number of points or miles that you can redeem for travel expenses. Different cards have various reward structures, and many offer bonus points or miles for specific types of purchases, such as dining out or groceries. Additionally, many cards provide welcome bonuses that allow you to accumulate tens of thousands of points or miles when you meet a minimum spending requirement within a few months of opening the card.

Travel cards can be used to earn airline, hotel, and general travel rewards. Airline miles offered by airline-specific travel cards can be redeemed for flights, but you may also be able to use them for hotel stays, cruises, spa packages, and other experiences. However, you usually get the most value when you redeem them for airfare. The same applies to hotel points earned using hotel loyalty credit cards. Points from general travel rewards cards may offer more value across brands because they are not tied to a specific provider.

While a travel credit card is a quick and easy way to earn travel rewards, it’s only beneficial if you use the card wisely. Consider using it only for purchases you’d make anyway and can pay off each month. By paying your balance in full and on time, you’ll avoid late fees and interest that can negate the value of the points you earned. Making on-time payments is also crucial for maintaining a good credit score.

2. Earn with Shopping Portals

Some airlines, hotel chains, and credit card issuers have shopping portals that function like an online mall with links to major retailers. Shopping through an online portal is an easy way to boost your rewards. When you make a purchase through one, you earn points or miles on eligible purchases, in addition to the rewards you earn for using your credit card to pay.

When you make a purchase using the retailer’s link in a shopping portal, your account will be credited with the points or miles you earned.

3. Earn by Flying or Staying at a Hotel

You can earn travel rewards even if you don’t have a rewards credit card by signing up for airline and hotel rewards programs. Once you’re a member, you’ll earn miles or points on eligible flights or hotel stays. Plus, you’ll receive notifications about promotions that may allow you to earn bonus rewards.

Want to boost your rewards even more? Use a hotel or airline rewards credit card to pay for your flights or hotel stays. You’ll often earn more for every dollar you spend with the brand than you will on other purchases. It’s an easy and effective way to grow your rewards balance quickly.

FAQs

Want to get started but still have questions? Here are some answers to help you on your way:

• Miles vs. Points: What’s the Difference?
• How to Choose the Best Travel Credit Card
• How to Redeem Travel Rewards

The Bottom Line

One of the quickest ways to earn travel rewards is by using a credit card for purchases you’d already be making. Combining the use of your card with other strategies allows you to maximize your rewards opportunities. You can keep track of how your credit card usage is affecting your credit score by requesting your FICO® Score for free from Experian.

For any mortgage-related needs, call O1ne Mortgage at 213-732-3074. We are here to help you make the best financial decisions.

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