Few know the power they hold in their wallets with their credit cards. Colin Yurcisin is the Founder of Credit Class and has been named the “Credit King” for helping his students and followers capitalize on the many rewards and benefits that credit can provide. Specifically, Yurcisin has learned how to leverage credit to travel more frequently and tap into luxury, five-star accommodations for his travels: for hotels, flights, and experiences.
He learned the ins and outs of traveling perks when he first became interested in credit cards.
“After a summer abroad in Barcelona, I knew I always wanted to spend my life jet setting to luxury destinations and exploring the world,” he said. “I know that’s a value that many others share with me.
Redeem points for flights.
There are a few credit cards that were custom-made for travelers because of the perks and points that they offer for travel-related purchases. One that Yurcisin shares in his Credit Class are the Chase Sapphire Reserve, which offers 3X points on all travel and dining. Spend $400 on a flight? That translates to 1200 points. Spend $250 on a dinner at the top of the Eiffel Tower? That translates to 750 points.
When booked through these credit cards’ reward programs, these points can be applied for major discounts and even total compensation for future flights. So, if you just spent $5,000 on your recent trip to the Bahamas and secured 15,000 points because of the 3X rewards, you now have $225 to apply.
Access hotel upgrades.
It isn’t just getting cash back or stacking up the points — these credit card programs offer hotel upgrades, too. “Through American Express’ Fine Hotel and Resorts program, there are even better perks alongside the upgrade at check-in, such as free breakfast credit for two and a $100 credit to be used at the resort.”
Get access to airport lounges
There are more perks, too – such as access to airport lounges. American Express Platinum has its esteemed Centurion Lounge in many of the major airports, which offers perks like free drinks handcrafted by mixologists, seasonal cuisine, private workspaces, and flat-screen TV’s. So, if you’re stopping through an airport for a layover before your connection to Turks and Caicos or if you want to get to the airport an hour earlier so you can have a classic cocktail before boarding your flight, the Centurion Lounge is there — and allows two guests to join you for free.
Other credit cards can also grant access to lounges such as the Priority Pass collection or United Club. “It’s all about being smart with rewards that are available to you,” said Yurcisin. “If you’re going to spend the money to travel anyway, why shouldn’t you use credit cards to your advantage to access luxury lounges and room upgrades?”
To learn more about how to bump your credit score, which credit cards to get in which order, and how to leverage credit for your business and personal goals, take Yurcisin’s Credit Class.