Welcome to the January update for the 1 Million Mile Challenge.
I’ve already admitted (check out the beginners guide) that reaching a million miles this year is going to be a stretch. It might take some fancy dancin’, and I’m ok with that.
So, let’s start!
January was a month of starting a lot of programs that will hopefully get me a big jump on miles in the coming year.
I should also note that I have been working to earn a large amount of travel miles the past year, meaning some of the best credit card offers are no longer available to me. Although I will always advocate finding what trip you want to take first (if you have an idea) and then figuring out what miles would be best, I’ve tried to make this list as objective as possible for somebody just wanting to find the best deals.
So, see what we having going on right now:
Cards currently in my wallet:
American Express Gold Card (business)- When I signed up for this card, it had a 50k bonus. It’s gone now, but American Express has offered a personal version at 25k bonus for $2,000 minimum spend. A great deal while it lasts.
American Express Starwoods Preferred – A great versatile card that I think is as valuable as hotel stays as it is airline tickets (which, most notably, converts into American Airline miles and gives you 5k bonus points when you transfer 20k points).
Chase Ink Card (50K bonus) (business)- Still offers a 50k point bonus and gives huge points for business expenses.
British Airways Visa – Even though the $95 annual fee isn’t waived, the 50k avios are a sweet deal.
Business cards, you beg? We aren’t going into details today, but I have applied for business cards as a sole proprietor using only my name and social security number.
Cards I closed:
I had to cancel a chase sapphire card to get the british airways card. I was fine with it, as I had been using the sapphire card for about a year and wanted to close it before the annual fee hit anyway.
I also closed two citi AA cards. The points were in my account and I had been using them, but I need to make room for some other programs. However, these cards are still at the top of my list for recommendations.
So, I will admit, I had the advantage of paying a lot of bills in advance this month. I paid for some business expenses upfront (to take advantage of a 17% discount) and paid my rent in advance.
Therefore, I spent $6,963 this month.
Bonus that hit my account:
I only had one bonus hit my account this month. This was the 10K mile bonus for the first use of my American Express Starwoods card.
This means my total mileage bonus for 2013 is 16,403.
That might not seem like a lot when mounting a million mile mountain, but it’s set me up for some sweet bonuses to hit my account in February.
Yet, even if I didn’t get a bonus, that’s enough miles for a one-way domestic ticket. Nice.
That’s it for now. Leave a comment or shoot me an email if you have a question.
And, of course, if you haven’t joined my email list, do so now and get the beginners guide (which, I’m pretty proud of) straight to your inbox!