If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.
by Lyle Daly | Updated July 21, 2021 - First published on Jan. 8, 2020
Many or all of the products here are from our partners that pay us a commission. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.
Teamwork makes the (travel) dream work.
Married life involves quite a few important financial conversations. Are you going to combine your finances? How should you split the bills? And for couples who have an interest in travel rewards, which credit cards should you get next?
It can initially feel like a challenge to earn and use travel points as a couple. You need to find two tickets whenever you fly together, and you need twice as many points to book those tickets. The good news is that there are plenty of ways for married couples to earn more travel points.
Tips and tricks from the experts delivered straight to your inbox that could help you save thousands of dollars. Sign up now for free access to our Personal Finance Boot Camp.
By submitting your email address, you consent to us sending you money tips along with products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions.
The big advantage married couples have with travel rewards is that each partner can apply for a credit card separately and earn its sign-up bonus. While most credit card companies have rules that prevent consumers from getting two of the same card and earning multiple bonuses, there are no rules preventing spouses from each opening their own cards.
Considering bonuses are the fastest way to earn points, you and your spouse should apply for the cards with the biggest sign-up bonuses separately.
Some of the cards you choose may have annual fees, but that's simple enough to handle. One of you can cancel or downgrade your card to avoid paying the annual fee after the first year when you get the bonus. And if you both want to be able to continue using a card, this next tip will solve that.
There are two potential benefits to adding your spouse as an authorized user on your credit card:
Depending on the card, you might be able to add an authorized user free of charge. Even among cards that charge a fee to add an authorized user, this almost always costs much less than the annual fee.
Credit cards often have referral bonuses, where you receive extra rewards any time another consumer gets the card because of you. Here's how the process typically works:
For spouses, this is a simple way to earn more travel points. The key is that you don't each apply for credit cards at the same time. Instead, you should stagger your applications.
Here's how -- you apply for a card and receive it. Once you have your referral link, you send that to your spouse so that they can apply using the link and you can get the bonus (or your spouse can get the card first and send you their link).
If your spouse isn't quite as passionate about travel rewards cards as you are, then it can help if you take on more of a manager role to simplify things for them.
For example, you could keep track of the spending minimums for any sign-up bonuses you're working on together. You could also make a note for your spouse to carry in their wallet with the bonus spending categories of any cards you have. That way, they can consult the note to know which card to use on each type of purchase.
Little things like these may not seem necessary for you, but they can make all the difference for someone who doesn't read as much about travel rewards. After all, it's no fun to hear your spouse earned only 1 point per $1 on a big purchase because they forgot that another card would have earned them 3 or 4 points per $1.
With communication and some smart strategies, you and your spouse can dramatically boost the number of points you earn. Since there are two of you, you'll have no problem working together to get authorized user bonuses, referral bonuses, and twice as many sign-up bonuses.
If you have credit card debt, transferring it to this top balance transfer card secures you a 0% intro APR into 2023! Plus, you’ll pay no annual fee. Those are just a few reasons why our experts rate this card as a top pick to help get control of your debt. Read The Ascent's full review for free and apply in just 2 minutes.
We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 - 2022 The Ascent. All rights reserved.