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Travel Tips -- Maximizing the Value
of Freqent Flyer miles
- Never fly ANYWHERE without being part of that airline's frequent flyer program (or
an alliance partner for that airline). This may mean joining a new program before booking your
travel.
- Never rent cars or book hotel rooms without knowing whether or not they provide
airline mile bonuses.
- Research other ways that your mileage program allows you to earn miles and take
advantage of them. There may be services that you use everyday that could be earning you valuable miles. Some examples are credit cards, restaurants,
long distance service, buying a new home/refinancing, and many others.
- If you use a credit card to collect miles, heed the following advice:
- Never carry a balance on the card (they typically have high interest
rates).
- Be aware that balance transfers
do not accrue miles. Again, we don't recommend carrying a balance on an airline mileage credit card, even if the initial interest
rate is pretty good.
- Be aware that you'll pay an annual fee ($50 or so) for the privilege of collecting
miles.
- Use this card to pay for everything you can. We pay
our monthly bills (groceries,
long distance, electricity, insurance, cable, etc.) via ours and then pay
the card off each month. This is a good way to collect miles quickly, but
requires discipline.
- For maximum benefit, you should select a primary mileage program and try to use
that airline and associated services regularly instead of collecting miles from several different airlines. We think that airline programs are better than programs
that don't specify a specific carrier because you are able to earn miles from air
and non-air travel as well as spending and other programs vs. only accruing mileage/credit
for credit card purchases.
- Where possible, choose a mileage program for an airline which has a hub near where you live or through which you regularly travel.
- When spending your miles, consider the value of what you're purchasing with them.
We only use ours for air travel but primarily for International trips. Why
spend 25,000 miles for a domestic trip that you could find for $250 ($0.01/mile)?
You can use 40,000 miles vs. $950+ ($0.023/mile) to travel to Europe or 75,000 miles
vs. $1800+ to travel to Australia ($0.024/mile). You typically will get less
$$ value per mile on hotel stays and other benefits, but how you utilize mileage
programs will differ based on what you value as a travler.
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