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Lifestyle Hack: Travel More & For Less Using Credit

If you’re someone that travels frequently you probably want to read this to see if you're taking advantage of all loopholes around you.

If you’re someone that travels frequently you probably want to read this to see if you’re taking advantage of all loopholes around you. Some of these tactics have helped Solomon Lacy III travel for less and almost free for the past 3 years. I’m about to fill you in on how to save a ton of money for you travel bugs that are already traveling a ton, as well as those of you who want to travel more. Lacy has some major tips when it comes to this. If you didn’t know, Lacy  is the founder of Fresh Start Financials Group, a company specializing in funding, credit repair, and creating automated streams of income for their clients. So, it didn’t surprise me that Lacy had these tricks up his sleeve as well.

When it comes down to the brass tacks, it’s all about establishing a good rapport with these airlines in order to get the best deals. “If you’re someone who travels at least 4 times a year the last thing you want to do is bargain shop, discount traveling only works if you take less than 4 trips because reward points would be harder to amass in this situation,” Lacy explains. With that being said, you need to pick just one airline you’d be using every time. Next would be getting a mile rewarding credit card that partners with the airline you chose. Some airline credit cards that he recommends are the Penfed Pathfinder, Navy Federal Flagship, and the Delta American Express card. One of the most important things is knowing how to use the card and what rewards or benefits come along with it. All of these cards help you get free or discounted flights because of their point or mile reward programs.

If you’re a frequent flyer, I’m sure you stay in quite a few hotels and would love to know how to lower those expenses well. Just like with an airline, you need to pick a hotel chain. Next, you’ll need the credit card that rewards you with stay points to your preferred hotel brand. It’s important to do some research to choose the best fit hotel brand that accommodates your wants and needs and that has a strong credit card point rewards program. “Decide which hotel brand you really enjoy the most or that’s in the areas you frequent, because you’re going to need to use just one in order to get more free stays,” said Lacy. Also, if you’re traveling with a big group, Airbnb is probably the most cost-effective for group travel, just something to keep in mind. Lacy  has been able to go all over the world, visiting over 24 countries simply by using these credit strategies. He claims that it’s better than paying cash because it’s essentially getting points or rewards on top of your purchase versus just getting a receipt when you pay in cash. Credit is the safer and more preferred option to use when traveling due to no deposit holds, no international fees, and the purchase protection policies they offer. Overall, it’s safe to say that credit certainly does matter when traveling, also in acquiring these travel reward cards.

Now, if you’re someone who doesn’t travel as much but you’re looking to get some free trips, the concept is essentially the same with a twist. Lacy recommends that someone in this situation should get an everyday use credit card with a good cash back perks, something like the Wells Fargo Cash Wise Card or Discover It card. If you were to switch all of your bills to your credit card instead of paying cash (or debit), in 6-8 months you might have accumulated enough points to get yourself a free flight. It’s all about making the right moves. Since you’re not traveling as much, a cashback card is recommended over an airline card. You won’t need to pick just one airline because unlike those frequent fliers, it’s recommended that you bargain shop at sites like Priceline or Expedia in order to receive the best deal. “Essentially because you won’t rack up enough points to reach frequent flier status for any single airline if you’re traveling less than 4 times a year,” suggests Lacy. No matter how much you make there is a way to go to the places you want. It’s simply about making the right choices financially, these are the things that Lacy teaches people to help add extra value to what they already may do.

One thing to note is that these tips aren’t for the financially irresponsible nor the ones who are scared to owe money. Like Lacy says, “if you have credit you can’t be scared to owe people. Owing people money is the only thing credit is. If you don’t use it, or use it properly, it can’t harm you. If you have a credit card, you’ll want to stay under 30% utilization. In the same instance don’t be scared to use more than 30% when you need to, just be sure to pay it off (within 30 days). That’s another strategy to get limit increases as well.” As mentioned earlier in the article it’s extremely important that you understand how to leverage your cards. Because not using them can greatly affect you. It’s not super easy, but also not incredibly tough after you’ve had guidance and a plan. Lacy has been able to travel the world and visit places like Costa Rica, Jamaica, Spain, Sweden, Denmark, and so on because he was able to leverage his credit. He’s a master at it and his company, Fresh Start Financials Group, specializes in all things credit. So, if you’re looking to find out more about applying these strategies to your own life, the best thing you could possibly do for yourself is go to a credit expert like Solomon Lacy to get it all done correctly. 

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