Hotel services

Hotel credit cards cost more than $1,000 a year, yet they’ll save almost $4,000 only in the next year

  • Using hotel credit cards is one of the best ways to save money when on vacation.
  • When you renew your hotel credit card each year, you’ll get a free night.
  • Free night vouchers have saved me $2,643 on hotels this year, and I hope to keep at least $4,000 more next year.

Annual fees on credit cards add up quickly for me. Just the interest on my seven hotel credit cards adds up to $1,435 a year.

That makes me seem opportunist. A week’s vacation at a moderate hotel would cost $1,435 if you had the money. I’m not interested in modest lodgings. Free hotel stays with an average value of $440 per night in four- or five-star elite hotels have been worth thousands of dollars in yearly fees.

Annual free night coupons given to cardholders who renew their membership each year are responsible for this savings. This year, I’ll demonstrate the value of hotel credit cards by showing you how I’ve redeemed these points.

Should I File for Bankruptcy for Credit Card Debt?

People seek bankruptcy relief for a variety of reasons. In the majority of cases people have experienced financial stress that led to being unable to pay their debts. If you’re struggling with the burden of debt that you are unable to pay then you may want to consider whether a Chapter 7 bankruptcy case might be a viable option for you to clear off the debt.

What Happens When You Get Behind on Your Credit Card Payments?

If you are in a position to fall behind on your credit card bills, a number of possibilities could arise. The credit company that you use to pay for your credit card could increase the interest rate on your account that means less of your payments every month is applied to your account balance. The company may be liable for late fees and other charges, such as an over-the-balance fee, which increases the amount you have to pay. The business may also decide to turn your account into a debt collector. The debt collectors are often insistent with their efforts to collect debt, and may even call you at work or threaten the person at your house. The harassment of creditors is another frequent reason for people to make Chapter 7 bankruptcy cases and use bankruptcyhq.com.

What Is a Debt Collection Lawsuit?

If you don’t pay off your credit card bill The company could bring a lawsuit against you to demand the money. If your creditor files a lawsuit against you, you will have the time for filing an answer to the lawsuit. If you do not respond to this credit account lawsuit, your business will submit a motion asking the judge to grant an order of default. The default judgment will state that you are liable for the credit card due. In many instances, the judge permits the credit firm to charge attorneys fees and other charges to the amount you owe.

This default judgment will be filed at the county courthouse in your area. The judgment will accrue interest until it is settled in complete. In many States, judgments become a part of any property you own or buy following the entry of the judgment through the lien. If you decide to sell your property then you have to be able to pay for the judgment in its entirety with the proceeds of sale.

I save hundreds of dollars a year thanks to hotel credit-card-free night coupons.

My hotel credit card inventory is shown here, and the hotels I stayed at using each card’s free night each year. The savings I’ve accrued much outweigh the yearly fees I’ve paid.

In the absence of a bill, I’ve investigated the pricing for the same days in 2022 that I stayed there in 2021 to get an idea of how much it would cost in cash.

Credit Card for Marriott Bonvoy BrilliantTM

As a premium travel credit card, the Marriott Bonvoy BrilliantTM American Express Card provides fantastic perks such as:

  • After spending $3,000 in the first three months, you’ll get 75,000 Marriott Bonvoy bonus points.
  • Marriott hotel purchases are eligible for a $300 statement credit each year.
  • Marriott Bonvoy Gold elite membership is automatically granted.
  • Each calendar year, you’ll get 15 “elite night” credits.
  • In-Demand Service Membership at a select airport lounge** (worth more than $400 a year)
  • Credit for application fees for Global Entry or TSA PreCheck (up to $100 every four years)

A $450 annual fee may dampen your enthusiasm for this card (See Rates). There’s a secret weapon in the form of the yearly charge, though, which is enough to cover it every year: a cash rebatean annual voucher for a free stay at a hotel up to 50,000 points in cost.

An insider estimates the value of Marriott points to be 0.7 cents per point. Based on this figure, you should expect to get at least $350 in value from the certificate. For a stay at The Royal Hawaiian in Waikiki, I utilized this credit and saved over $450.

To make up for the $450 annual cost, I’ll be able to use all the other great features of my card guilt-free for another year. With the card’s $300 statement credit, I was able to get $300 worth of free dining at Marriott (room rate, food, spa, etc.)

Savings: Over $800 (from a $300 credit on your credit card to a free night voucher good for one year).

Card from Ritz-CarltonTM (not available to new applicants)

To acquire the Ritz-CarltonTM Credit Card, you’ll need to use a Chase Marriott credit card (e.g., the Marriott Bonvoy Bold Credit Card or Marriott Bonvoy Boundless Credit Card). If you contact Chase and request a “product change” from your existing Marriott card to a Ritz-Carlton card, you’ll get your new jet-black metal card in the mail soon.

This is one of my favorite credit cards for a variety of reasons, including:

  • The most OK Priority Pass lounge access can be found at this hotel. There is no limit to the number of people you can bring along for free, and each approved user receives their Priority Pass membership for no additional charge.
  • Seat upgrades, airport lounges, luggage fees, etc., are all included in the $300 yearly airline incidentals.
  • In terms of insurance, it’s one of the finest out there.

The annual fee is $450, comparable to the Amex Marriott Bonvoy Brilliant’s. On the other hand, this card comes with an annual free night coupon that may be used for hotel stays of up to 50,000 each night.

In other words, this voucher is worth $350 on average if you value Marriott points at 0.7 cents apiece. However, I saved over $850 by using mine to stay the night at the W Miami.

Additionally, this card’s Priority Pass membership gives you access to complimentary meals at airports. As of right now, 29 sites at busy airports are taking part. Free lunch for you and one guest is worth $28. You can also get $56 off per person if you enroll your trip companion as an authorized user on your credit card.

There will be a savings of $1,400 thanks to the Priority Pass membership and the yearly free night coupon.