No, this is not shoe sale logic, although I am an expert. Flying a lot for business can get expensive and it made me focus on optimizing my several frequent flyer schemes.
Many people forget points can be earned by spending, adding up fast – at retailers, supermarkets, hotels, banks, restaurants and insurance companies for starters. You can genuinely save money whilst spending it on holidays, petrol and credit cards if you understand the deals.
Using points can provide freebies, discounts and upgrades to the pointy end of the plane – just be ready for “economy class shock” after you’ve flown business class! Some airlines like Virgin, Emirates and Singapore can spoil you for life.
If you’re literally not much of a frequent flyer, you can redeem your points for other benefits to your business, like gift vouchers, equipment and technology.
Closely review your credit cards and where you use them for good deals and stick to airline and hotel memberships that let you pool your points. Your next business lunch, invoice payment or taxi ride could literally take you further than you think.
Check online and call to grill the company about how your schemes’ points work; their staff are dedicated to helping you understand the tips and tricks. Sign up for newsletters and watch out for fees, expiry deadlines and deals that really benefit your company and ultimately make your points count. My clever financial planner friend Scott Butler from The Edge Group recommended www.pointshack.com.au to compare offers; check it out and let someone else do your homework – the reviews alone are gems.