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Travel Discussion
Reply to "How is everyone affording all of this international travel?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Points for flights. We charge all our tuitions (3 in college and 1 in private high school). [/quote] You lie lie lie. As someone with 4 kids who went to different private schools and 2 in college there is no possible way. You have to pay through a service which charges a fee by bank transfer. Unless your kids go to for profit schools - in which case you’re wasting money [/quote] I do not think they lie... I just think they make poor financial decisions. But it seems that they have excess money anyway, so probably not a big financial hit to them.[/quote] DP Yes, there is a CC fee. It’s somewhere between 1.5-3%. Depending what credit card you use, the points might be worth more than the fee. [/quote] Pretty rare to have a tuition payment earn any extra points, so at most you would be getting 2 cents per dollar or maybe 2.5 cents if you value the points really highly, and say Chase Freedom Unlimited get 1.5x points on everything. And the cost range is usually not 1.5-3%, it's more like 2.5-3.3%, so yes, rarely worth it- unless you are working on a credit card bonus, in which case your spending is earning a range of 10-15%. Like say you are doing an Amex bonus requiring $20k spending to earn 250k points, then it's worth it [/quote]
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