Hi Travel Junkies,
I just got back from an amazing 2-week trip to Thailand with my wife.
We flew in first class, we stayed in luxury hotels, we got to feed elephants, we snorkeled in crystal clear water, and we ate a TON of Thai food.
And the best part?
Our trip cost a whopping $326.42.
That’s right. $326.42. Which is less than my monthly grocery bill.
Today we are going to tackle one of the most common questions I get.
Does closing a credit card hurt your credit score?
Let’s start with a succinct answer.
Closing a credit card will likely have little to no effect on your credit score.
Boom. I said it.
Now before you send me an email telling me I’m wrong because your grandma/boyfriend/parent/friend who studied Finance for 2 weeks told you otherwise, hear me out.
Remember that credit advice is a lot like fitness advice.
It’s not always logical, the vast majority of people have absolutely no idea what they are talking about, yet nobody hesitates to dish out (usually terrible) advice.
I love unapologetically bragging about some of the amazing successes that many of readers are having.
Some of you are absolutely killing it with free travel, and you deserve to have your stories shared with the world.
“G” is one such reader. He bought my book about 1 year ago (before it was free – thank you advertisers) and hit the ground running.
Last month he booked the trip of his dreams to Chiang Mai, Thailand for less than he spent on his bar tab last weekend.
G was able to book this amazing itinerary using just 3 credit card bonuses (Chase Sapphire Preferred, United MileagePlus Explorer, and Starwood Preferred Guest) and a little bit of manufactured spending.
All told it took about 6 months to accomplish.
Take it away, G.
Tell us how you got started with points and miles. When did you decide to give it a try and what was the tipping point for your decision?
I got started because I wanted to travel to Southeast Asia and had no idea how I was going to pay for it. I started researching how to do this and found Bryce. I reached out to him and he was very approachable and receptive. He made me feel at ease and that I could really venture down this path and achieve success. The tipping point for me was the enthusiasm Bryce had and encouragement he showed to me.