Travel Hacking = Higher Credit Scores, say what?

April 1, 2019

Improved Credit Scores, Say What?!

Applying for more than 10 credit cards and paying off the balances over the last 3 years
has improved my credit score by 130 points! I am literally just shy of perfect credit?  So how did I do it?

  1. I signed up for specific travel credit cards with large sign-up bonuses.
  2. By plain ‘ol everyday spending, I met the minimum sign on-bonus spending requirement.
  3. I paid off each monthly balance.
  4. I booked a sweet FREE hotel or flight with each credit card.
  5. I did NOT close the credit card immediately.

Learn how to manipulate your credit score through travel hacking?

Credit Scores are determined by the actions you take using them, right?

  1. My total accounts have now increased to more than 21 accounts (this can be car loans/leases, mortgages, etc.), the amount you need for “excellent credit”.
  2. My credit utilization has decreased because my accumulated credit line total has increased significantly.
  3. And because I’m making even more payments on time, my credit payment history is improved.

Pretty simple, right?  The three areas above: total accounts, credit utilization and payment history make up 75% of my credit score.  So what about the hard credit inquiries?  Yes, they can temporarily move the needle down, but I have found that it’s so minimal that my credit score still has increased despite this.

Cancelling Credit Cards

Here’s where it gets tricky.  If you need to cancel a card, cancel a newer one without “credit payment history”.  My suggestion is stick to 1 or 2 main cards and hold on to them for years creating years of payment history…then add a handful of travel credit cards with awesome sign on bonuses to earn free travel every year.  I have 2 10+ year old credit cards that haven’t carried a balance in over 10 years.  I won’t ever close those cards as they hold the history the banks look for!

Please note, I am not a finance advisor.  I simply am sharing my experience with travel hacking, credit card signups and credit scores.

To check your current credit score, I highly recommend Credit Karma.

Want to learn more about your credit score and how signing up for the right credit cards, closing cards cards and more works?  Book a 1:1 consultation with me.  Sign up here!

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Beth S.

Tiffany is truly a credit card point guru. She was very patient and helped my husband and I navigate our credit card point game.

William F.

WE’VE SAT ON THOUSANDS OF POINTS FOR YEARS WITH NO CLUE HOW TO REALLY USE THEM. TIFFANY COACHED US HOW TO COMBINE OUR POINTS, TRANSFER POINTS AND ADD MORE POINTS THROUGH CREDIT CARD SIGN-ON BONUSES. AWESOME SERVICE.

SUZANNE M.

WE OWN A SMALL BUSINESS AND HAVE ALWAYS WRITTEN CHECKS OR USED OUR DEBIT CARD EARNING ZERO TRAVEL REWARDS. WE’VE CHANGED OUR WHOLE WAY OF MANAGING MONEY AND ARE ON OUR WAY TO A FREE LUXURY VACATION THANKS TO TIFFANY.

JANET M.

TIFFANY HELPED MY HUSBAND AND I EARN A VACATION TO CROATIA BY USING SPECIFIC TRAVEL CREDIT CARDS ON OUR DAUGHTER’S WEDDING. WE HAD PLANNED TO WRITE CHECKS TO ALL OF THE VENDORS, SO GLAD WE MADE A 1:1 COACHING CALL.

Liz R.

WITH TIFFANY’S GUIDANCE, we EARNED 400,000 CREDIT CARD POINTS BUT WE DIDN’T KNOW HOW BEST TO USE THEM. WE HIRED HER TO PLAN OUR TRIP USING A COMBINATION OF POINTS, MILES AND CASH (CREDIT CARD). HIRING HER WAS THE BEST MONEY I’VE EVER SPENT. SHE WENT WAY ABOVE AND BEYOND. PARIS HERE WE COME. 

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