As some of you know, we take a portion of our money each month and put it into a “charity fund” that we use to make charitable contributions every year. We use to track this when we itemized deductions on our taxes, but with the tax act of 2017, itemizing didn’t work anymore for us (we had paid off our mortgage, so we reached the point where itemization didn’t reach our base deduction in the tax code).
Still, like a lot of folks who give to charity, we continued, even though we don’t get a tax deduction for it. Right now we are only at about 5% of our after-tax for charity (vs. the biblical 1/10th) but we increase it every year.
I got in the mail an offer from Mariott for a rewards card with no annual fee, with 50,000 points if you get the card and charge $1,000 in the first 3 months. This isn’t hard for a lot of folks (groceries, etc.) so I chose to sign up, with the intention, like most travel hackers, of getting the points, paying off the card immediately, and then not using it again.
With the Covid, we’ve been extending our charity to various groups early, rather than waiting till the holidays (like we have in the past). We’ve given several times to our local food bank and the Salvation Army. In this circumstance, we chose to send $1,000 to various charities in September, rather than wait. By doing it by credit card (and eating any fees that were charged for doing so) we were able to get the charity money to folks that needed it, and get our 50,000 points for Mariott (several nights stay). Win/Win all the way around.
Now if only they would lift these travel restrictions so we could use them…..
Mr. 39 Months.