Another Year Gone

2018 was a wild year for us with big changes including the relocation of my wife who is now working in Nashville completing a postdoctoral appointment while I have remained in Seattle. As a result of our anticipated increase in travel, we increased our monthly spending for annual fees this year to an average monthly budget of $187. With that, we not only supported a bicoastal living arrangement but even fit in some personal vacations as well, all thanks to our reward points.

As in previous years, I meticulously tracked every dollar in and out with regard to credit card annual fees and reward redemptions in 2018 and I’m pleased to say we more than quintupled our budget by using the appropriate mix of cards and redemptions over the last twelve months.

5X Return on Investment

By budgeting $187/month for travel, and using it to pay for the annual fees on our credit cards in 2018, our monthly vacation budget became worth five-times that: $947/month. From an annual standpoint, we redeemed rewards valued at over $11,300 in 2018! For the second year in a row, the most frequent returns were from our AMEX Platinum Card which accounted for nine transactions and nearly 50 airport lounge visits; but that’s no surprise when you consider the list of benefits. The big return in 2018 came from our combined Alaska Cards where we not only used companion fares, but redeemed miles as well.

Screen Shot 2019-01-04 at 6.37.13 PM.png

Trip Summary

Here’s a look at some of the ways we put these points to work: Phoenix and Peoria for Spring Training; Maui, Hawaii; South Beach Miami and Key West; Nashville and Seattle trips; Lihue, Hawaii; and two trips to Las Vegas.

Where will you go in 2019?

No matter how you plan it, you’re sure to come out ahead when you strategically manage your point and mile redemption. Use signup bonuses to skyrocket you to a top-level redemption, and ensure you’re using the correct cards on your daily spending so you never miss out on a point – don’t be afraid to label your cards to keep yourself organized!

Happy New Year!