Grace Cheng and Pedro Pla know how to stretch a dollar — or, more accurately, their credit card points. Thanks to savvy planning, they and their two children have already flown to five continents for free, and that's just in this year so far.
Cheng and Pla are the founders of GET.com, a website that helps travelers make the most of their credit card points through firsthand blogs, travel guides and a customizable credit card comparison tool. The site made eight figures within its first two years, according to the company.
In an interview with CNBC Make It, Cheng and Pla share their top tips and tricks for how credit card users can minimize travel expenses and make their credit card use more efficient overall.
1. Choose the right card
It's not enough to just choose any rewards card, according to the couple. Especially if you want to travel.
"If you want to use your rewards points to redeem for an air ticket, you will need to make sure that the credit card you are using allows you to convert points to real airline miles on the airline of your choice and at a favorable rate," they say. "This may seem obvious, but there are many cards that advertise themselves as 'miles' cards where miles can only be redeemed toward a statement credit on travel booked through certain sites."
They add that the amount of points one can earn will vary based on the credit card as well as the spending category, "such as air tickets, restaurants, supermarkets, etc., so it's important to use the card with the highest earn rate for each type of purchase you make."