getting started with miles and points-frequent traveler university dc 2014

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Getting Started With Miles and Points Summer Hull Mommy Points Ed Pizzarello Pizza in Motion

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Page 1: Getting started with miles and points-Frequent Traveler University DC 2014

Getting Started With

Miles and Points

Summer Hull – Mommy Points

Ed Pizzarello – Pizza in Motion

Page 2: Getting started with miles and points-Frequent Traveler University DC 2014

Who Are We?

Page 3: Getting started with miles and points-Frequent Traveler University DC 2014

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Summer Hullwww.mommypoints.comTwitter: @mommy_pointsEmail: [email protected]: facebook.com/MommyPoints

Page 4: Getting started with miles and points-Frequent Traveler University DC 2014
Page 5: Getting started with miles and points-Frequent Traveler University DC 2014

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Ed Pizzarellowww.pizzainmotion.comTwitter: @pizzainmotionEmail: [email protected]

PizzaInMotion.com

Page 6: Getting started with miles and points-Frequent Traveler University DC 2014

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What We’re Going to Talk About

•Why Collect Miles and Points• Things to Think about Up-front•How to Earn•How to Burn•Questions

Page 7: Getting started with miles and points-Frequent Traveler University DC 2014

Connect With Relatives

Page 8: Getting started with miles and points-Frequent Traveler University DC 2014

Show Your Kids the World

Page 9: Getting started with miles and points-Frequent Traveler University DC 2014

Connect With Each Other

Page 10: Getting started with miles and points-Frequent Traveler University DC 2014

Spread Out

Page 11: Getting started with miles and points-Frequent Traveler University DC 2014

Arrive Rested

Page 12: Getting started with miles and points-Frequent Traveler University DC 2014

Arrive Rested

Page 13: Getting started with miles and points-Frequent Traveler University DC 2014

Eat Awesome Food

Page 14: Getting started with miles and points-Frequent Traveler University DC 2014

Stay Places We Could Never Afford

Page 15: Getting started with miles and points-Frequent Traveler University DC 2014

Just Have Fun

Page 16: Getting started with miles and points-Frequent Traveler University DC 2014

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Things to Think About Upfront

Page 17: Getting started with miles and points-Frequent Traveler University DC 2014

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What Are Your Goals?

• Domestic tickets for multiple people• International first class for one• Business Class for two• Top end hotels around the world• Family resorts• Flexibility to book any date• Tickets to Europe during off-peak times

Page 18: Getting started with miles and points-Frequent Traveler University DC 2014

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Your goals should dictate your actions. It’s much easier to know where to start

when you can see the end game.

Page 19: Getting started with miles and points-Frequent Traveler University DC 2014

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Reach your first miles and points goal and then set a new one. The goal is to

use them, not to collect them!

Page 20: Getting started with miles and points-Frequent Traveler University DC 2014

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• Start small• Don’t worry about what others

are doing• Do what is right for you• Don’t sweat the small stuff• Stay focused on your goals• Get organized

Tips for Getting Started

Page 21: Getting started with miles and points-Frequent Traveler University DC 2014

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Page 22: Getting started with miles and points-Frequent Traveler University DC 2014

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Award Wallet

Page 23: Getting started with miles and points-Frequent Traveler University DC 2014

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• Set due dates on the same day• Pay bills online• Use a spread sheet• Use service like mint.com if

you need extra help• Only use certain cards in a

given month

Tips for Staying Organized

Page 24: Getting started with miles and points-Frequent Traveler University DC 2014

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Miles and points collecting can take as much or as little

time as you want.

Page 25: Getting started with miles and points-Frequent Traveler University DC 2014

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Reading blogs can save you time.

www.viewfromthewing.comwww.thepointsguy.comwww.millionmilesecrets.comwww.boardingarea.com

Many, many more.

Page 26: Getting started with miles and points-Frequent Traveler University DC 2014

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Be aware that “free” isn’t always free…but sometimes

it can be close.

Page 27: Getting started with miles and points-Frequent Traveler University DC 2014

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Burning well is harder than earning, so pay attention to

both.

Page 28: Getting started with miles and points-Frequent Traveler University DC 2014

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Earning Miles and Points

Page 29: Getting started with miles and points-Frequent Traveler University DC 2014

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• Credit cards• Debit cards• Online shopping• Traveling• Promotions• Dining Programs• Investments• Asking/complaining

Ways to Earn Miles and Points

Page 30: Getting started with miles and points-Frequent Traveler University DC 2014

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Credit cards are the fastest and easiest way to earn miles

and points.

Page 31: Getting started with miles and points-Frequent Traveler University DC 2014

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I have earned close to half a million points in

one year.

Page 32: Getting started with miles and points-Frequent Traveler University DC 2014

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Remember Your Goals

1. Flexible and transferrable points cards

2. Hotel and airline specific cards3. Fixed value points4. Cash back cards

Page 33: Getting started with miles and points-Frequent Traveler University DC 2014

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Transferrable Points

• Ink Plus – 50k• Chase Sapphire

Preferred – 40k

Page 34: Getting started with miles and points-Frequent Traveler University DC 2014

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Transferrable Points

• Premier Rewards Gold– 25k• EveryDay Preferred – 15k• Mercedes Benz Plat – 50k

Page 35: Getting started with miles and points-Frequent Traveler University DC 2014

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Airline and Hotel Cards

• United MileagePlus Explorer Card• US Airways MasterCard**• Hilton HHonors Reserve Card• Club Carlson Visa - BOGO

Less flexibility, but often give “elite like” perks.

Page 36: Getting started with miles and points-Frequent Traveler University DC 2014

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Barclay ArrivalCard, Capital One Venture Card & US Banks FlexPerks

• Bad for premium cabins• Good for inexpensive domestic travel. • Good for those without flexibility• Good to leverage for sales

Fixed Value Points

Page 37: Getting started with miles and points-Frequent Traveler University DC 2014

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Category Bonuses• Ink Bold/Ink Plus 5x: Office Supply stores,

cell phone, home phone, internet, cable

• Chase Freedom 5x: rotating quarterly

categories with $1,500 cap (no annual fee)• Citi ThankYou: 3x on dining and

entertainment, 2x on airfare and hotel charges• Amex EveryDay Preferred: 3x grocery (6k

cap), 2x gas, 50% bonus for 30 uses

• US Bank FlexPerks: 3x charitable donations

(Kiva), 2x on grocery or other

Page 38: Getting started with miles and points-Frequent Traveler University DC 2014

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Chase Trifecta

Chase Checkingfor extra 10%

Page 39: Getting started with miles and points-Frequent Traveler University DC 2014

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• Never miss a payment.• Don’t spend more just to get the

bonus or more points.• Be a good customer.• Annual fees can add up, so do the

math.• Credit score may go down in the

short run.

Dangers of Rewards Cards

Page 40: Getting started with miles and points-Frequent Traveler University DC 2014

What Goes Into Credit Score

Inquiries and age of account can hurt, but total debt to credit ratio can be helped.

Page 41: Getting started with miles and points-Frequent Traveler University DC 2014

My Credit Score Estimates

• Citi Identity Monitor

• Credit Karma• Credit Sesame

Page 42: Getting started with miles and points-Frequent Traveler University DC 2014

Online Shopping

Page 43: Getting started with miles and points-Frequent Traveler University DC 2014

Occasional Bonus Promos

Page 44: Getting started with miles and points-Frequent Traveler University DC 2014

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• Buy a gift card to earn bonus points

• United MileagePlus X App• Then use that gift card via the

portal to make your purchase• Check Frequent Miler’s lab for

current success stories

Double Dipping in Portals

Page 45: Getting started with miles and points-Frequent Traveler University DC 2014

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• Compare manually for large purchases for accuracy

• www.evreward.com• Pick2Pay

Compare Shopping Portal Rates

Page 46: Getting started with miles and points-Frequent Traveler University DC 2014

Dining Rewards Network

• 3x – 5x miles per dollar + sign-up and other occasional bonuses

• Currently 2,000 mile United promo but has been 3,000

Page 47: Getting started with miles and points-Frequent Traveler University DC 2014

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• Contests, giveaways, sign-up bonuses, free point bonuses

• Occasionally very lucrative promos come along – hit them big if you can

• Worth doing for one, worth doing for the whole family

• Small Business Saturday

Look Our For Promotions

Page 48: Getting started with miles and points-Frequent Traveler University DC 2014

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• Investments• Mortgages• LASIK• Partners (car rental, flower

orders, electricity, wine clubs, etc)• Daily Getaways (cheap purchase)• BarclayCard Travel Community• Buying them

Other ways of earning miles

Page 49: Getting started with miles and points-Frequent Traveler University DC 2014

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• Always earn miles on trips• Credit to a partner if needed• Look out for promos and register• Mileage running can be

lucrative…but only for a few Mainly done for elite status

Earn Miles From Actual Travel

Page 50: Getting started with miles and points-Frequent Traveler University DC 2014

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Burning Miles and Points

Page 51: Getting started with miles and points-Frequent Traveler University DC 2014

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Learning to use miles and points to their max is the hard part, but don’t let “analysis paralysis” stop you from

starting the process.

Burning Miles and Points

Page 52: Getting started with miles and points-Frequent Traveler University DC 2014

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If you started earning with your end goal in mind, then burning is easy.

Easy When You Look at Goals

Page 53: Getting started with miles and points-Frequent Traveler University DC 2014

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• Look back at your goals• Look at your value per point, but

don’t get stuck there• Hotel points usually easier than

miles (no blackout)• Consider stopovers, open-jaws,

and free one-ways

Things to Consider with Burn

Page 54: Getting started with miles and points-Frequent Traveler University DC 2014

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Different award charts have different costs and countries located

in different zones.

Award Charts

Page 55: Getting started with miles and points-Frequent Traveler University DC 2014

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US Airways – Australia biz 110k US Airways – North Asia F 120kAeroplan US – Europe 1 90k bizANA East Coast – Europe 68k bizBA BOS-DUB – 50k RT in biz

Learn the sweet spots for your desired destination.

Award Charts Zone Example

Page 56: Getting started with miles and points-Frequent Traveler University DC 2014

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• Start looking at 11 months out, but don’t stop there

• Last minute can be great• Expert flyer alerts• Remember to check partners• Look segment by segment• Not all options online for all

airlines

Availability Issues

Page 57: Getting started with miles and points-Frequent Traveler University DC 2014

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Questions?