Like most of the world's population my travel and even excursions from my home have been greatly curtailed this year. This did not stop the wanderlust but practicalities quickly tampered those thoughts. The grounded version of wanderlust is considering how to travel the most for the least dollars when it is again safe to do so.
At the beginning of the year I held three travel credit cards with annual fees and thought I was getting value above the fee from each. Home for me is MSP, Delta's second largest hub (suck it Detroit!), and nonstops have become increasing valuable to me over the absolute cheapest fare so the Delta and the SkyMiles American Express card made sense for me for the free bags alone. Earlier boarding makes basic economy a more attractive option and this year's revision of refunding the annual fee via Delta gift card if $10,000 was spent made it even sweeter. I generally use this card for purchases that I don't have a higher earnings rate for as I consider one SkyMile to be worth slightly more than one penny.
I have also been a Holiday Inn/IHG points slut for over a decade now. Each year they are by far my most frequented chain due to the lower price points and simple number of locations. I have had an IHG card for several years, last year I opted to upgrade to the Premier as I found the fourth award night free a greater value than the 10% points rebate. The card comes with an annual free night good at most properties, effectively all for my travel patterns. I have yet to stay at an IHG property in 2020 but this card will be a keeper for years to come even though I don't really spend on it outside of my stays. This is a card to have, not to use.
The third travel card I began the year with was the Hilton Surpass American Express. Hilton has become my second hotel chain and the appeal of free breakfast and the limited PriorityPass membership made this card very useful. Hilton has received all of my non work travel to date in 2020. The annual fee came due last month and I decided that it was time for some belt-tighting. The only time I used this card was for Hilton hotel stays and the odd convenience store purchase where the card was at front of wallet during those hotel stays. There was no offer of a retention bonus due to the low spend so I closed out this card. $95 stays in my wallet in exchange for loss of uncertain future perks, I think I will be keeping the gold status the card granted through early 2022 though. Closing a card did give me an excuse to consider a new card to replace it. More on that next time.
Thursday, July 23, 2020
Wednesday, July 22, 2020
Shopping Insurance
COVID had gotten me more motivated to shape up financially in case the impact expanded to my employment. To date I have not been negatively impacted financially but others around me have been.
Telecommute has been extended a few weeks at a time, the most recent extension takes me through September. I was not surprised by this and at current rate don't see any sort of partial return to the office before Thanksgiving. This resurfaced the thought of how little I am driving. My mileage was already comparatively low but with telecommute I am only using the car one or two days a week. I have driven a total of 3,000 miles in the past six months due to working from home. The slight premium rebate the insurers provided in the spring was a nice gesture but in the grand scheme of things a drop in the bucket.
I started by calling my current insurer, Progressive, and asking to rework the assumptions about my driving habits. This request was repeatedly interpreted as wanting to change my coverage which I strongly disagreed with. I spent about an hour after this unsuccessful call shopping auto insurance. I found that in an apples to apples comparison I already had the best price I could find mostly due to a minor fender bender I had last year. What I did discover is that Progressive has collision and comprehensive deductible options other insurers don't. I had not wanted to change coverage but the deductible pricing made it attractive.
When I started this shopping quest I had a $500 deductible on both comprehensive and collision. I found that by increasing my deductible by $250, to $750, my six month premium would drop by $73 or approximately a third of the additional liability I would be assuming. I haven't had a history of filing claims every 18 months so I am likely well ahead on this change. I had also priced the $1000 deductibles and found that the premium reductions for this $250 jump were significantly less than the first $250 increase. Annualized savings of $146 for taking the $750 deductible. I will likely eventually be increasing the deductible to $1000 but want to build up a separate savings to cover this deductible so if I need to claim, it won't be such a financial speed bump.
Tuesday, July 21, 2020
What's in My Wallet?
What credit cards are in my wallet and why?
Delta SkyMiles Gold American Express Card my link My home airport is MSP, Delta dominates, and I like having the freedom to check a bag without a fee. Until this year I would have said it was a card to have but not to use. New features include 2x miles on dining and groceries as well as $100 Delta gift card when $10,000 is spent in a calendar year.
Chase IHG Rewards Club Premier my link Truthfully, this card isn't often in my wallet. It is very much a card to have but rarely use. I use this on IHG stays and nowhere else. Perks of the card include IHG Platinum status which gets you 50% more points and upgrades such as they are at IHG. This card also rebates the fourth night on award bookings which makes it very valuable to me. Ignoring that benefit there is also an annual free night which alone offsets the $89 fee. The card also offers Global Entry/TSA Pre reimbursement, I have yet to use this benefit but will be making use of it next year at GE renewal.
Citibank Costco Visa I surprisingly love Costco despite not being a fit for Sam's Club, very different product mix. I picked this up initially because at the time I joined Costco my wallet ran on Mastercard. This card gets heavy use for the 4% back in gas and 3% in travel in and dining. My Costco spend also goes on it as I don't have a card that can do better than 2% at Costco and my membership info is printed on the card so one less thing to carry. I would consider this the best no annual fee travel card out there. The downside is cash out only happens annually and must be done at Costco.
Citibank Double Cash This is actually my oldest credit card, it was opened as an AAdvantage card and product changed to avoid the annual fee. Likely due to product changing into this card it is a WorldElite card giving some additional MasterCard sponsored benefits, I have only benefited from the Lyft and Fandango credits. 2% on everything is a nice catch all card when I decide a SkyMile isn't worth that much.
Synchrony Verizon Visa This is the newest card to my lineup, it only makes sense if you intend to be a loyal Verizon Wireless post paid customer. I have the Verizon bill setup to charge to this card as I get the autopay discount and a 2% rebate on that spend. Like the Costco card this also offers 3% on dining and 4% on gas, the main difference being this card allows monthly redemption and only to Verizon Dollars. The benefit that got my attention with this card was 4% on grocery stores, 4% in quasi-cash has more value to me than 2 Delta miles or IHG points.
Chase and American Express links contain referrals, there may be better signup offers available.
Delta SkyMiles Gold American Express Card my link My home airport is MSP, Delta dominates, and I like having the freedom to check a bag without a fee. Until this year I would have said it was a card to have but not to use. New features include 2x miles on dining and groceries as well as $100 Delta gift card when $10,000 is spent in a calendar year.
Chase IHG Rewards Club Premier my link Truthfully, this card isn't often in my wallet. It is very much a card to have but rarely use. I use this on IHG stays and nowhere else. Perks of the card include IHG Platinum status which gets you 50% more points and upgrades such as they are at IHG. This card also rebates the fourth night on award bookings which makes it very valuable to me. Ignoring that benefit there is also an annual free night which alone offsets the $89 fee. The card also offers Global Entry/TSA Pre reimbursement, I have yet to use this benefit but will be making use of it next year at GE renewal.
Citibank Costco Visa I surprisingly love Costco despite not being a fit for Sam's Club, very different product mix. I picked this up initially because at the time I joined Costco my wallet ran on Mastercard. This card gets heavy use for the 4% back in gas and 3% in travel in and dining. My Costco spend also goes on it as I don't have a card that can do better than 2% at Costco and my membership info is printed on the card so one less thing to carry. I would consider this the best no annual fee travel card out there. The downside is cash out only happens annually and must be done at Costco.
Citibank Double Cash This is actually my oldest credit card, it was opened as an AAdvantage card and product changed to avoid the annual fee. Likely due to product changing into this card it is a WorldElite card giving some additional MasterCard sponsored benefits, I have only benefited from the Lyft and Fandango credits. 2% on everything is a nice catch all card when I decide a SkyMile isn't worth that much.
Synchrony Verizon Visa This is the newest card to my lineup, it only makes sense if you intend to be a loyal Verizon Wireless post paid customer. I have the Verizon bill setup to charge to this card as I get the autopay discount and a 2% rebate on that spend. Like the Costco card this also offers 3% on dining and 4% on gas, the main difference being this card allows monthly redemption and only to Verizon Dollars. The benefit that got my attention with this card was 4% on grocery stores, 4% in quasi-cash has more value to me than 2 Delta miles or IHG points.
Chase and American Express links contain referrals, there may be better signup offers available.
Weekend Escape to the Eau C
I have a single trip since COVID stay at home and I wish it were in happier circumstances. I am based in the urban core of Minneapolis-Saint Paul, not the most tranquil of urban environments this year. In the immediate aftermath of the George Floyd tragedy I knew eventually there would be a march on the capital and that it was very likely to have an impact on my work from home productivity. After dealing with helicopter noise for an hour straight I decided it was time to relocate for a long weekend.
This lead to hastily searching what hotels were actually open within driving range and were in a location somewhere other than an interstate exit as I intended on enjoying my off hours outdoors. I settled on the Hampton Inn in Eau Claire as I was somewhat familiar with the city and the hotel is located on the edge of a commercial strip with access to walking trails. I dug out my disused Hilton Amex and made the booking, hastily packed for three days and made the leisurely drive east. Travel in late May was still way down, I counted less than 20 cars in the parking lot on the first night and slightly more the second night.
The front desk was separated from the lobby by what appeared to be a shower curtain, effective but unsightly. I was quite diligent about keeping my distance and all went well. I inquired about breakfast and was told that it was grab and go bags. I entered the room and began my own disinfecting on top of the cleaning the hotel had done. The following morning I discovered this consisted of a wrapped apple, cereal bar, and Spunkmeyer muffin. Coffee was available on request and distributed by gloved staff hands. I opted to take the coffee and apple but otherwise had decided the McDonald's next door was going to offer a healthier breakfast. Hearing that Wisconsin had opened restaurants for take out I walked over to find that the operation was actually dive thru only. I returned the the hotel room to collect car keys and was successful in obtaining breakfast on the third attempt. I returned to my room to eat and a day of remote telework, the desk setup was a bit smaller than I would have desired but it was functional for an 8 hour day on the laptop and conference calls.
After work I went downtown and explored the trails through downtown and Carson Park. I was surprised to see how much of the city is actually on the riverfront and how well kept the park was. I easily got my 10,000 steps and more in the sun and had got some local beer and takeout dinner for another meal back in the hotel room. The second morning went much the same as the first, McBreakfast in the room and another day of exploring in the sun and keeping current on the news of home. On checkout the front desk remembered why I was there and sincerely inquired on the status of the protests.
Overall the COVID roadtrip was not as much of the foreign experience I expected.
This lead to hastily searching what hotels were actually open within driving range and were in a location somewhere other than an interstate exit as I intended on enjoying my off hours outdoors. I settled on the Hampton Inn in Eau Claire as I was somewhat familiar with the city and the hotel is located on the edge of a commercial strip with access to walking trails. I dug out my disused Hilton Amex and made the booking, hastily packed for three days and made the leisurely drive east. Travel in late May was still way down, I counted less than 20 cars in the parking lot on the first night and slightly more the second night.
The front desk was separated from the lobby by what appeared to be a shower curtain, effective but unsightly. I was quite diligent about keeping my distance and all went well. I inquired about breakfast and was told that it was grab and go bags. I entered the room and began my own disinfecting on top of the cleaning the hotel had done. The following morning I discovered this consisted of a wrapped apple, cereal bar, and Spunkmeyer muffin. Coffee was available on request and distributed by gloved staff hands. I opted to take the coffee and apple but otherwise had decided the McDonald's next door was going to offer a healthier breakfast. Hearing that Wisconsin had opened restaurants for take out I walked over to find that the operation was actually dive thru only. I returned the the hotel room to collect car keys and was successful in obtaining breakfast on the third attempt. I returned to my room to eat and a day of remote telework, the desk setup was a bit smaller than I would have desired but it was functional for an 8 hour day on the laptop and conference calls.
After work I went downtown and explored the trails through downtown and Carson Park. I was surprised to see how much of the city is actually on the riverfront and how well kept the park was. I easily got my 10,000 steps and more in the sun and had got some local beer and takeout dinner for another meal back in the hotel room. The second morning went much the same as the first, McBreakfast in the room and another day of exploring in the sun and keeping current on the news of home. On checkout the front desk remembered why I was there and sincerely inquired on the status of the protests.
Overall the COVID roadtrip was not as much of the foreign experience I expected.
COVID Reincarnation
COVID restrictions have foiled several travel plans, I have more nonrefundable airline credit than I would really like thanks to using Southwest WGA refare credits and Delta gift cards from the Costco Christmas sale. I also have a surprising high amount of vacation days left and it has been 5 months since I have been on a plane.
As I cancelled the latest optimistically booked trip I recalled I did have this long dormant blog and more time to occupy at home so I am back. Apparently people actually have read it according to the stats.
I did have one travel experience during the safer at home period, I'll address that soon. Looking ahead, I have been taking steps toward a financial streamlining so going forward this will be split between travel and finance entries.
As I cancelled the latest optimistically booked trip I recalled I did have this long dormant blog and more time to occupy at home so I am back. Apparently people actually have read it according to the stats.
I did have one travel experience during the safer at home period, I'll address that soon. Looking ahead, I have been taking steps toward a financial streamlining so going forward this will be split between travel and finance entries.
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