Spring break in Florida, here we come!
Our 40-year old townhouse is in desperate need of repairs.
What with the original bathrooms, and leaks springing left and right, it was past time to take action. Of course if you defer your home repairs like we did, you find yourself facing some major expenses all at once.
Luckily, I met Carlos the contractor when I was out walking the dog one day. Carlos can fix anything and is super nice and flexible. Our arrangement was that we would pay Carlos for the labor, and that we would purchase the materials.
Since I knew we would be racking up charges, I saw this as an easy way to meet the minimum spend requirements on some new travel rewards credit cards.
My Travel Rewards Credit Card Applications
My remodeled bathroom
It had been over six months since I had applied for a travel rewards credit card, and there were several cards with large sign-up bonuses on my wish list.
Purchasing materials for the home renovation would be an easy way to meet hefty initial spend requirements.
Warning — if you don’t pay your credit cards in full and on time every month, you should not be in this game!
Barclay’s U.S. Air Dividend Miles Card
The Barclay’s U.S. Air Dividend Miles credit card was offering 50K bonus miles after the first purchase and payment of the annual fee. This card was on the verge of retirement due to the US Air – American Airlines merger. I had applied once before, and was not approved, so this was my last ditch effort to rack up 50K miles before the merger. I applied, and was denied once again, for having too many recent credit card applications. Fortunately, the bank did not do a hard pull of my credit report, so no skin off my back. This card is no longer being offered.
Chase’s Sapphire Preferred Credit Card
The Chase Sapphire Preferred credit card offers 40K bonus points after completing a minimum spend requirement of $3,000 within the first three months. You can get an additional 5,000 Ultimate Reward Points by adding an authorized user. Ultimate Rewards points are great because they are easily transferred to a variety of frequent flyer programs. The card pays two times points on travel and restaurants. There is a $95 annual fee that is waived the first year. I wrote yesterday how I used 45,000 Chase Ultimate Reward points earned from opening the Sapphire Preferred credit card to finance our Amtrak Auto Train trip to Florida.
Capital One’s Venture Card
The Capital One Venture rewards card offers 40,000 bonus points to new applicants who meet a minimum spend of $3,000 within the first three months. The card pays two times points on all purchases, and carries a $59 annual fee which is waived the first year. After meeting the initial spend requirement, I had 46,000 points which could be used to offset $460 in travel expenses. The Venture card is not a favorite among travel bloggers — which I think is crazy because it has a decent sign-up bonus, earns a great rate on all spending, allows flexible redemptions for travel expenses (while still earning frequent flyer miles on your purchases.) I have read numerous reports of people having success in getting the annual fee waived, sometimes for two years in a row.
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