Credit card points-earning strategy (player modes)

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It has been a few years since I first decided to embark on earning points using credit cards. Prior to earning points for travel rewards, we were mainly the “cash back” type of family. We had our credit card with Costco, and that was it. But the more I dug in to this points-earning game, the more I learned.

Two player mode

You might hear this gaming terminology mentioned from time to time, “two player mode” or you might see P1 or P2 (player 1 or player 2). It’s really quite simple – it’s partnering with a 2nd person when it comes to applying for credit cards. You (P1) apply for 1 card, get the sign up bonus of that card, and P2 applies for the same card, earns a similar or better signup bonus for that card. P1 and P2 could apply for more and more cards (individual applications) and follow this same path. The idea is to increase your points earnings, to build up your points balance. And I do have to say this over and over again….this will work to your advantage as long as you play this “game” where you are committed to paying your bills in full and on time.
Jaco Bay Costa Rica

So what?

The more points you earn, this increases your chance for more travel redemptions, and in some cases, cash back opportunities. But I say this as well, if you are P1, your P2 could be your wife, your husband, your domestic partner, or another family member, or it could be a friend, a roommate. But not just anybody. Make sure it is someone who you can trust. Why? We are talking about points earnings, and there are times when you’d have to transfer points to one another. Some cards require that both parties share the same address. So make sure you know all the requirements.

Do you have to play two-player mode?

NOPE. Not a requirement. I know many friends in this hobby who earn so many points, and play this game alone. Some are single moms, single dads, or just plain single. And nothing wrong with that. They make it work – alone.

Two Player PLUS – Full Throttle

In my family, let’s make this even more rewarding. P1 and P2 (that’s me and my wife) are in a two-player mode. My mom has been living with us, and she, too, is earning points with credit cards under her own name. And most recently, our eldest son has gone on and applied for his own cards – thus earning him points. And because we live in the same household (same address), there are points programs that allow us to transfer points between members of the household.

What mode are you playing?

 

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Editorial Disclosure: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

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