This is a surprise episode, where Maggie prepped the topic and notes from a blog entry she did on Mostly Minimal Life and then Mike just weighed in off the cuff. Mike reminds us how insurance works and that he used to work for an insurance company that provided many of these benefits to credit card companies. We discuss each of the credit card benefits below, and some tips and considerations to keep in mind for each:
- Global Entry or TSA Pre Fee Credit
- Baggage Delay Insurance
- Lost Luggage Reimbursement
- Trip Cancellation / Trip Interruption Insurance
- Extended Warranty Protection
- Purchase Protection
- Travel Accident Insurance
- Car Rental Insurance
- Concierge Services
Our top 3 key takeaways for this episode:
- Research and understand your credit card benefits.
- Write down the benefits and log them somewhere so they are easily accessible to you as you need them in the future.
- Use these benefits. Keep them top of mind and remember you have them vs. paying for other duplicative services or upsells.
Show References
Credit card benefits I never knew I had from Mostly Minimal Life
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Other Links
Maggie’s Blog: Mostly Minimal Life
Mike’s Book: Your New Relationship with Money