So when does traveling come into play? Relax! We’re just getting started!
The way I’m able to travel for basically free is by using a travel rewards credit card 💳 to pay for the items that I am reselling. It’s a win-win because I make money by reselling products and I earn miles/points from those purchases! It’s pretty simple, when you sign up for a rewards credit card there is usually a bonus like for example 50,000 points if you spend $x in the first 3 months or something like that. I’m not talking about store credit cards that you get at places like Target, Best Buy, etc. I’m talking about cards from Chase, Amex, Citi, etc. I thought you weren’t selling anything? I’m not, I’m just letting you know what I do to travel for free.
I earn a lot of points by using the right card that will earn me the most, for example if I’m buying an item in-store I will most likely use the Chase Freedom Unlimited because I will earn 1.5% per dollar. You can imagine now how I rack up points if I go out and buy say 25 Apple Pencils to resell, which you can read about here. The cost of an Apple Pencil to me is about $109 with tax, time for some math 😎,
- $109 * 25 Apple Pencils = $2,725
- Now on how many points I earned, $2,725 * 1.5 since its 1.5 points per dollar = 4,087 points for something I was going to buy anyways.
- Great so I earned 4,087 points on my purchase, what does that get me?
- A one way from LAX – SEA on Southwest which only costs me 2,963 points on this particular day
As you can see, using my credit card to pay for the items I am going to resell is beneficial to me because I get to travel and make money! ☺️