Published January 17, 2013
In November, blogger Hilary Stockton laid out her plans for earning a million miles in credit card rewards in a year without leaving the ground. As blogs go, it was an extraordinary tour de force, made even more compelling by her opening paragraph, which described her and her family's first- and business-class flights to Bali and Hong Kong aboard Cathay Pacific airplanes.
Rewards credit cards and gaming the system
Within a year, Hilary seemed to imply, you could be enjoying the salmon and caviar in-flight platter pictured on her blog -- if you follow her "mileage running" strategy. And it seems likely you could -- but only if you're an unusual sort of person. Here are some of the characteristics you would need to hit her million-mile target:
Rewards credit cards without that effort
Now, maybe you are prepared to jump through those hoops, and have the resources to do so. Perhaps you regard following Hilary's strategy as a hobby; one that could provide you with a good return on the time you invest. Good for you.
But let's face it: if most of us put that much industriousness and commitment and ingenuity and motivation into our working lives, we'd be able to buy our own first-class airline tickets without a second thought. The reason we can't currently afford them is precisely because we lack those qualities. And the chances are remote of our discovering them within ourselves through the carrot of free flights.
Keeping current with credit cards
Luckily, credit cards are designed to give ordinary people like us something worthwhile without all that hassle. If you're prepared to spend just an hour or so every two or three months on the IndexCreditCards.com website, you might easily save yourself hundreds or thousands of dollars during 2013. Precisely how much is likely to depend on your personal circumstances: your credit score, your current card balances and your willingness to open and close card accounts. Here's what you need to do during your regular visits:
Okay, none of this is likely to buy you a first-class flight to Hong Kong with complimentary Champagne and caviar. But it doesn't feel like a full-time job, either. Your only commitment is a few hours over the next 12 months. Now that really could be a worthwhile New Year's resolution.
The original article can be found at IndexCreditCards.com:
Earn a million miles in a year! Maybe not.