Skip to main content

Posts

Showing posts from November, 2023

Mileage Money Makers: Transforming Forgotten Flight Miles Into Cold Hard Cash

Frequent flyer miles - we all rack them up on flights but rarely Cash them in for free vacations and upgrades. By one estimate, travelers collectively have accumulated nearly 20 trillion unused airline miles. Meanwhile the millions of miles in your frequent flier account are withering away, often expiring within a couple years. But did you know you can exchange those idle travel miles for cold hard cash? In recent years, a cottage industry has emerged to help consumers extract value from their stockpiled air miles. Specialty websites like Points.com and Mileage Plan offer cash or gift cards in exchange for unused airline reward miles. The payout isn’t huge - usually 1-2 cents per mile when converting to cash. But that spare change can ad d up, especially if you have piles of forgotten miles scattered across various airline loyalty programs. So how can you profit from those carryover frequent flier miles? Consolidating is key. Move all your airline miles into one rewards program to

How to Maximize the Value of Your Airline Miles and Credit Card Points

Want to travel the world for cheap or even free? Airline miles and credit card points can make those dreams a reality! But if you don't use them strategically, they lose their value quickly. Follow these tips to get the most bang for your buck from your hard-earned rewards. Snag Lucrative Signup Bonuses The fastest way to build up your mileage balance is to open a new travel rewards credit card and earn the signup bonus. When you're approved, you can earn anywhere from 25,000 to 100,000 bonus points or even more just by meeting the minimum spending requirement within a few months. Aim for the highest bonuses you can get - 50,000 points or higher. Compare offers across issuers like Chase, Amex, Capital One and Citi. The best deals can earn you enough points for several roundtrip flights or hotel nights right off the bat. Just be sure to pay off the full statement balance each month so you don't negate the value with interest charges. And space out new applications by