You’ve been squirreling points away for months and now the time has come to book something. But there’s one slight problem. You can’t find the seats you want.
It’s then when it dawns on you.
Reward points are worthless if you can’t actually use them.
I feel your pain.
But before you get discouraged and write off rewards as a scam, let me share with you a few things you should know.
Here’s how I travel… on points. – Read More –
Ordinarily, you’d need to spend $500,000 through a frequent flyer credit card in order to earn 500,000 Velocity Points.
Either that, or fly a lot of flights with Virgin Australia.
There is one very fast way to getting half a million Velocity Points — win 1st prize in the Credit Card Compare 1 Million Velocity Points Giveaway.
If you’re anything like me, you might be a bit of a dreamer when it comes to travel.
Just imagine what it’s going to be like for whoever ends up winning first prize and bagging 500,000 Velocity Points deposited in their account!
Where would you go?
We all like to get the golden hello!
Most rewards & frequent flyer credit cards now require the cardholder to spend a specific amount of money within the first 2-3 months in order to unlock the sign up bonus points.
The banks do this as a way to make sure that you are the type of cardholder they want to have on their books plus they get to recoup some of the cost of giving you all those points by collecting interchange fees from your transactions.
Your credit card can do a lot for you, or at least it could.
So how to do you turn it into a travel dream machine?
In this blog post, we’ll show you how to do it. There’s a few surprises and little known ways to up your travel game.
Chris Guillebeau. Travel hacker, credit card churner, writer, entrepreneur & all-round good guy.
If you are into travel hacking, then you’ve probably heard of Chris Guillebeau before. If you haven’t, you’re in for a treat. Chris is seriously talented at earning frequent flyer points and knows how to get the most value out of them. If you follow him on Twitter (you should), you’ll see that he walks the walk too: he has visited every country in the world and barely spends more than a month in one place. We caught up with him just before he set off on another round-the-world trip, booked with frequent flyer points. Enjoy!
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Steve Hui runs iFlyFlat.com.au. What he doesn’t know about frequent flyer points probably isn’t worth knowing.
Ever wondered how to fly first class? To find out, I sat down for a coffee to interview frequent flyer points expert, Steve Hui of iFLYflat. In this interview I ask Steve about his unique perspective on travelling in style using frequent flyer points.
iFLYflat was started from my frustration of hearing stories about people redeeming their hard earned points for normal everyday products.
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Frequent flyer miles are big business: the Economist estimated that frequent flyer miles accumulated just up to 2005 amounted to $14 trillion. At an estimated 1-2 cents value per mile, that’s worth $700 billion – more than ‘all the dollar notes and coins at large’. Criminals in Brazil and Germany are reportedly using frequent flyer miles for cyber crimes and transactions, in one instance selling stolen credit cards for stolen air miles. It’s less liquid than the dollar, but it has become a currency.
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Before traveling abroad, consumers must often decide which type of payment is the least expensive, safest and most convenient. Credit cards and travellers’ cheques are, typically speaking, the most popular forms of payment while traveling abroad. Due to theft, many consumers consider travellers’ cheques or credit cards rather than cash; however, there are advantages and disadvantages to each form of payment.
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