If you want to earn free travel (domestic or international) and maximize your airline miles and travel points, we are here to help. This is the first of a 10 step guide to help you to quickly earn free travel. The first step is you will need a good to excellent FICO credit score to qualify for the free resources and airline and travel credit cards that will help you to earn free travel. Airline miles on airline credit cards, or travel points on hotel credit cards or travel credit cards can help you to quickly earn free travel rewards.
You will need a good to excellent FICO credit score (typically 700-850) to qualify for the free resources that will help you earn free travel. Resources such as the airline miles bonus on airline credit cards, or the travel points bonus on hotel credit cards or travel credit cards.
Your FICO credit score is very important to your financial health. It pays to work on improving your credit score. If you have bad credit, you need to improve your credit score and check your credit report and fix any errors or inaccuracies. The better credit score you have the better chances you have of getting low interest credit and loans. It also improves your chances of getting the best travel credit cards, airline credit cards, and hotel credit cards to earn free travel.
You need to understand the factors that influence your credit score, if you are going to improve your credit score and improve your financial situation. This will then improve your chances of getting an auto loan, a home mortgage, low interest credit, and the best travel or airline or hotel credit cards so you can enjoy free reward travel.
There are several things that you can do to improve your credit and your credit score.
1. Payment History
Payment history accounts for 35% of your FICO credit score, so it is a very important factor. You need to improve your payment habits and the way you pay on your loans and credit cards. The best thing you can do is to pay all of your loans and credit cards on time. You should immediately start paying your entire credit card balance every month on all of your credit cards, loans,...
Tip: Your late payments and non payments will stay on your credit report and negatively affect your credit score for 7 years, so you need to turn this around and start paying all of your credit card and loan balances every month. Use the auto pay feature to avoid forgetting to pay your bills. Foreclosures and bankruptcies and tax liens stay on your credit report for 10 years.
2. Percentage Of Credit Utilized
It is a good idea to pay off your monthly balance, especially on credit cards, for another reason. The percentage of the total amount of credit that you have, or credit utilization (the amount you owe as a percentage of your total amount of credit) accounts for 30% of your credit score. This is another very important thing you need to work on. You should pay the full monthly balance on all of your credit cards except perhaps 1, and then only keep a balance of 5-10% of the total you owe.
3. Check Your Credit Report for Errors
Credit reports can have errors or inaccuracies in them, and these errors could affect and lower your credit score. You should get your credit report from all 3 of the credit bureaus (Equifax, Eperian, and TransUnion) and check for errors. If there are errors then you should immediately contact the credit bureaus and report the error(s) to them. By law they have 30-45 days to fix the error(s).
4. Length of Credit History
This factor accounts for 15% of your FICO score, so it also is important. To improve your score you should hold onto your credit cards as long as possible, even if you do not use them or have any balances on them. If you have bad credit or need to improve your score, then you should get credit cards that do not have any annual fees. This will help you to keep the accounts open for a long time without having to pay any fees. The FICO score is influenced by the length of your oldest card, your newest card, and the average age of all of your credit cards.
5. Recent New Credit Card Accounts
The more credit cards you get in the most recent 6 months period the lower your FICO credit score will go. It will eventually go back up (after approx. 6 month) and does not affect your score for a long time. This factor accounts for 10% of your credit score.
6. Types of Credit Utilized
This factor accounts for 10% of your FICO credit score as well. It is advised to have a mixture of different types of credit. There are installment credit accounts such as auto loans, home mortgage,... and also revolving credit such as credit cards, store accounts... It is a good idea for awhile to have a good mixture of these types of credit to help improve your score.
Tip: Once your FICO credit score is in the Good (700-750) to Excellent (750-850) range then we believe it is best to pay off your credit cards, and then start paying extra on your car loan, and then when that is paid off move on to paying extra on your mortgage. Eventually you can be totally debt free and enjoy financial freedom.
To be able to quickly earn free travel through airline or hotel or travel credit cards and travel rewards programs, you will need to have a good credit score. If you do not have a good to excellent credit score you will not be approved for the travel credit cards needed to earn airline miles, hotel points, and travel points.
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If you have bad credit and need professional help from a credit score and credit repair specialist, or if you do not have the time it takes to follow the above steps to improve your credit, then we can help you to find a reputable and excellent company. Read our Review Of The Best Credit Repair Companies
- Lexington Law - they consistently are rated at the top of the customer reviews and best rating sites for credit repair companies (bankruptcies, foreclosures, collections, repossessions, late payments...). They are one of the oldest and most experiences credit repair services, they have served over 500,000 customers, and have a high success rate. $79.95 per month, no setup fee, and no additional fees. People's average time in their program: 4 months.
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