Skip to main content

Posts

Showing posts from August, 2023

Unlocking the Cash Value of Your Credit Card Rewards

Credit card rewards points have become a popular way for consumers to earn valuable perks like cash back and free travel. But did you know you can unlock even more value from your points by converting them into cash? Companies like PointsPay allow you to cash out your credit card rewards for real money. How Cash Back Rewards Cards Work Let's first understand how cash back credit cards work. These cards give you a percentage return on spending - often 1-5% back - either as a statement credit or reward points. For example: · Spend $1,000 on a 2% cash back card = Earn $20 cash back · Spend $5,000 on a card earning 1 point/$ = Earn 5,000 points On the surface, a $50 cash statement credit seems simpler than 5,000 points. But these reward points can be redeemed for the same $50 of value or more if transferred to airline and hotel partners. This flexibility provides opportunities to increase the value of your points if managed properly. Airline and Hotel Co-Branded Credit Card

How to Convert Delta Miles into Cash: A Step-by-Step Guide

If you have a stash of unused Delta miles , you may be wondering if there's a way to convert them into cold hard cash. The answer is yes! While Delta doesn't allow you to directly exchange miles for cash, there are a few clever strategies you can use to essentially turn your miles into money. In this guide, we'll walk through the different options for converting Delta miles to cash so you can get the most value from your hard-earned rewards. Redeem for Gift Cards One of the easiest ways to extract cash value from your Delta miles is to redeem them for gift cards. Delta allows you to use your miles for gift cards to many popular retailers and restaurants including Amazon, Starbucks, Best Buy, and more. The redemption rates are not always ideal, but if you redeem strategically for gift cards you were planning to buy anyway, it's an easy way to reduce your out-of-pocket spending. For the best value, target gift cards that normally sell at a discount on sites like Raise

Travel Hacking: How to Earn Free Flights and Hotels with Miles and Points

Embarking on incredible journeys doesn't have to break the bank. Imagine jetting off to exotic destinations, staying at luxurious hotels, and experiencing the world's wonders, all without draining your wallet. Welcome to the world of travel hacking – a savvy approach to earning free flights and hotel stays using miles and points. Unleashing the Power of Travel Hacking   Travel enthusiasts, both seasoned and new, are diving into this ingenious strategy that can turn wanderlust dreams into reality. By leveraging loyalty programs, credit card rewards, and strategic planning, you can unlock a treasure trove of travel opportunities that were once deemed unattainable.   Elevating Travel Experiences Through Smart Hacks   At its core, travel hacking involves maximizing the benefits offered by airlines, hotels, and credit card companies. Accumulating frequent flyer miles and hotel points through smart spending and targeted promotions allows you to secure complimentary fl

Selling Miles Safely: Tips to Avoid Getting Scammed

With airline miles becoming increasingly lucrative to sell, thousands of flyers are looking to cash in on their unused rewards. However, the growing mileage resale market has given rise to scammers seeking to prey on eager sellers through elaborate ruses and deception. Avoiding fraud requires knowledge of common scam tactics, how to vet brokers, and steps to take for your own protection. One of the most common mileage scams involves upfront fees. Scammers will create professional-looking fake brokerage websites advertising excellent buy-back rates. However, they require an initial fee allegedly to "list" or "facilitate" the sale of your miles – which can range from $50 to over $500. These fees are simply pocketed by the scammers, who disappear after payment is received. Legitimate brokers never require upfront payment of any kind. Be highly suspicious of any company asking for money before securing a sale of your miles. Another scam tactic is mileage theft, where s