Point Me To First Class 65. Earning Points for Paying Student Loans or 529 Plans with Dr. Andrea Mabry
May 27, 2024
Joining the conversation is Dr. Andrea Mabry, a points-earning expert with a talent for transforming student loans and education expenses into travel rewards. She reveals clever workarounds to earn points through Gift of College gift cards, making everyday expenses work in your favor. Andrea discusses maximizing contributions to 529 plans, emphasizing strategic spending to enhance rewards. Listeners will appreciate her practical tips for financially navigating educational costs while boosting those coveted credit card points!
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Leverage Student Loans for Points
- Paying student loans or funding 529 plans are major expenses that can be leveraged to earn credit card points.
- Viewing these expenses strategically can turn a financial burden into a points-earning opportunity.
Turning Loan Repayment into Points
- Andrea Mabry turned the stress of repaying student loans into an opportunity to earn travel points.
- She enjoys accumulating hundreds of thousands of points yearly by paying student loans and funding 529 plans with credit cards.
Use Gift of College Cards
- You cannot directly pay student loans or 529 plans with credit cards to earn points.
- Use Gift of College gift cards as a workaround to earn points by paying with credit cards and then applying those funds to loans or plans.