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Credit Card Applications » Questions » User Questions » Travel with Credit Cards » I take a vacation with a friend each January that we split. Would it be wise to open up ...

I take a vacation with a friend each January that we split. Would it be wise to open up a 0% interest rate card each year to charge this vacation to and get the rewards seeing as I would be completely paying it off by the time the promotional period would be over? Or should I just continue to use my existing credit card for this?

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Leo Zhu

If you are sure you will be able to reap rewards and pay off the cards by the due date you can use this method. However, you should remember that multiple hard inquiries are not good for your credit score and credit card issuers may become suspicious.  The issuers do not like credit card churning. Instead, you can get two or three credit cards which earn different rewards and come without an annual fee. If your existing credit card does not earn rewards, you may want to replace it with a travel rewards credit card like the Discover it® Miles-Double Miles your first year. This card comes with 0% intro APR on purchases and low APR on balance transfers. It will allow you to earn 1.5 miles per dollar spent. Miles can be redeemed for cash or travel expenses like tickets, hotel rooms, and rental cards. If you want to avoid interest payments, you can apply for another 0% intro APR credit card. Choose the one with rewards and with no annual fee. Think which credit card or combination of credit cards will be best for before you apply.

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Unlimited 1.5x rewards on every purchase, every day. For every $1 you spend, you earn 1.5x Miles.
For Excellent, Good Credit
Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days — that's enough to redeem for a $500 travel statement credit
For Excellent Credit
Earn 30,000 bonus points after $3,000 in purchases made with your card in the first 3 months the account is open
For Excellent Credit

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