Hi friends. In my last turkey travel post, I had placed the importance of travel and its importance in our daily lives. I am always fascinated with the foreign tourists who visit the ” Hornbill” festival for the past ten years. During my growing years, I wanted to travel to distant places. See and treasure different memories that would last a life time.
In this post, I’ll show you, how I fund my international family vacation every year. I am attaching the ticket details so that you see the points used.
This pdf is for the total round trip fare from New Delhi to Istanbul for three adults and a child :
This shows that I had covered one third of my flight tickets using my credit card points. One should understand how to use credit card wisely.
The point to currency ratio should be 1 point is equal to 1 Rupee/Dollar/Euro. If one point is less than 1 unit of your currency, then you should look for alternates.
The thumb rule to ask the customer care executive when you get a call for getting a credit card is the point to currency conversion ratio.
As far as good credit cards, HDFC cards are very good. . I am writing purely out of my experience of using the Diners Black card. The HDFC diners and Infinia are HNI cards.
HNI stands for High Net worth Individuals. For beginners from India, I would advise to use the Regalia variant of HDFC cards.
You should understand the point to currency ratio as 1 :1 which is a good baseline return. Whenever they are prompted to use a card by a customer care executive. Some cards would give you lesser returns.
I use them to buy groceries and other household items for daily use and get around 30% off in these items.
I got 33% as points in my account. When you purchase by cash, you actually do not get returns. But, when you purchase through the card system, you incentivise your purchase through a system of rewards.
I had learnt these strategies in the website, posted in my Turkey travel blog. I believe that to have a good work -life balance, travelling is an integral part.
Though COVID has a drastic impact on the travel and airline industry, I hope that with due course, the industry will recoup the shocks and get back to the new normal. I want you to integrate financial discipline in your spending, and in the same way get rewards for spending too !!!
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Till then, Stay Calm and Stay Humble !!