Miles & Points New Year’s Resolutions
I am not one for New Year’s resolutions or yearly goals etc. Most of the time people say they are going to do them and then quit after only a few weeks. Gyms make bank in January from sign ups and then continue to bill you for months until you get over your shame and go in and cancel. There is a reason they don’t let you do it over the phone! Having said that, here I am writing a New Year’s resolutions post. I think when it comes to miles & points it may be a bit different though. Because when it is your hobby, or something you already love, I think you are more likely to follow through on it. Plus I will have to update you all on it which will keep me honest and on my game. So here are my miles and points new year’s resolutions. Share yours with me below.
Update 12/24/22: I figured it would be fun to go through these one by one and say how I did. New stuff will be bolded below.
Create $15,000 In Income
I am coming out of the gates swinging for the fences. My first goal is to create $15,000 in income this year from miles, points, reselling and bank bonuses. I will keep track of this throughout the year and only count things that occur in 2022. So no easy way out of cashing in points I had stored up over the years. Not that I could anyway, more on that next.
My plan will be to chase welcome, spending, referral and authorized user offers to hit a chunk of this goal. I will mix in some bank, investment and Swagbucks bonuses to help out too. The last bit of the goal will come from my regular spending activities and any reselling I do for a profit.
So this went way better than expected. I surpassed this in the first few months of the year and am on my way to doubling it. I’ll update everyone on my numbers next week.
Rebuild My Transferrable Currencies
Last year I burned my points empire to the ground, mainly as a motivation tool. The money ended up coming in handy for some travel along the way though. I did this once again at the end of 2021 for some projects we have going on around the house. That means I have some goose eggs sitting in my transferrable currency accounts right now. I had built them back up to early 2021 levels before burning them to the ground once again. I seem to be in a rinse and repeat cycle right now.
My goal is to get a little nest egg in the Membership Rewards and Ultimate Rewards programs. I am shooting for the 150K-200K level in each. The rest I will use towards goal number one. This will be tougher than normal because I don’t have a lot of welcome offers available to me in either program any more. But I shall prevail! I should have enough points in my airline and hotel loyalty accounts, plus free night certificates etc., to get by for the next year or two without needing any transferrable currencies.
This was going swimmingly until my wife’s 40th birthday trip crushed my balances a bit and then my birthday trip took them down another notch. I should end up with around 300K Membership Rewards with another 200K or so posting in early 2023. The Ultimate Rewards will end up right around the 200K level.
Leave The Country
It has been a while since I have been outside the US. Since before the pandemic kicked off. I have had plenty of false starts over the last few years but haven’t been able to make it work. With the constant changes in testing requirements, quarantines and the like this may be my most difficult goal. I am hopeful after this Omicron fueled spike it will burn out some and the summer / fall will look completely different.
I did this not only once, but twice. I knew Mexico City was already in the works for a meet up but switching my wife’s Hawaii trip to Europe got me the double dip.
Fly Alaska Airlines Or JetBlue
This came up in our MtM Diamond Group live slack chat last night. I have never flown Alaska Airlines or JetBlue. These are two airlines that have a cult like following and I haven’t made it on either. The route maps out of Detroit are pretty bad and that is the main reason why it has never happened. I may have to fly to Boston just to go to McDonald’s with Joe or something 😁.
I wasn’t sure if I would hit this one or not since I didn’t have any concrete plans with it. Luckily my buddy picked Seattle for his 40th Birthday so I was able to fly Alaska Airlines on the way out there. I shared my thoughts on their first class product on the podcast.
Knock Off At Least 3 Ball Parks
Another thing that has been kicked to the wayside is my goal of seeing every baseball stadium. It wasn’t really an option much of 2020 and I had a lot of other stuff going on in 2021 and couldn’t make any trips work out. This will be a focus in 2022 and I am hopeful I can knock off at least 3 MLB ball parks this year.
This one is a loss for sure. I was only able to knock off the previously mentioned Mariners park in Seattle. We just never had enough time to get another trip put together and knock more off.
Finally Give Up On Capital One
My final goal of 2022 will be to finally give up on Capital One. I have tried to get a card with them once or twice every single year for the past 6-7 years. No more! It stops here. I pledge to make 2022 the year I give up on this impossible task.
Ope! Yeah, so about that. I was good up until like October when I grabbed the Spark Travel Elite card offer. Luckily the banker helped me get over that Capital One hurdle.
Miles & Points New Year’s Resolutions – Final Thoughts
That does it for my miles & points New Year’s resolutions list. Hopefully I can go a 6 for 6 although my main focus will likely be on the top two on the list. What are your miles, points or travel related goals this year? Let me know in the comments below.
Overall I think I came out a winner. The only one I think I really missed on was the ballparks but that was probably the least important one to me. You could throw in Capital One too but since it was an approval I don’t think it really counts.
How did you do with your goals? Let me know in the comments!
Capital One Venture X Business earns 2X miles on everyday purchases plus up to 10X in bonus categories. You also get access to Capital One lounges plus an annual travel credit & anniversary bonus. Right now you earn bonus_miles_full.
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