Introduction to Miles & Points

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How to Get Started Collecting Airlines Miles & Hotel Points

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Introduction to Miles & Points

  1. 1. © 2013 Million Mile Secrets, LLC, All Rights ReservedIntroduction to Miles & Points
  2. 2. © 2013 Million Mile Secrets, LLC, All Rights ReservedWeb: www.MillionMileSecrets.comEmail: daraius@millionmilesecrets.comTwitter: @MilMileSecretsFacebook: facebook.com/MillionMileSecrets
  3. 3. © 2013 Million Mile Secrets, LLC, All Rights ReservedDaraius“Duh-Rye-Us”
  4. 4. © 2013 Million Mile Secrets, LLC, All Rights ReservedSummer HullMommy Points
  5. 5. © 2013 Million Mile Secrets, LLC, All Rights ReservedWeb: MommyPoints.comEmail: mommypoints@mommypoints.comTwitter: @Mommy_Points
  6. 6. © 2013 Million Mile Secrets, LLC, All Rights Reserved(Almost) free travel is not just for aselect few, but can be had by many!
  7. 7. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Why Collect Miles & Points?- Stuff Nobody Talks About- Earning Miles & Points- Using Miles & Points- Questions?The Next 1 Hour
  8. 8. © 2013 Million Mile Secrets, LLC, All Rights ReservedConnect With Relatives
  9. 9. © 2013 Million Mile Secrets, LLC, All Rights ReservedConnect With Relatives
  10. 10. © 2013 Million Mile Secrets, LLC, All Rights ReservedConnect With Each Other
  11. 11. © 2013 Million Mile Secrets, LLC, All Rights ReservedHave Fun With Your Kids
  12. 12. © 2013 Million Mile Secrets, LLC, All Rights ReservedArrive Rested
  13. 13. © 2013 Million Mile Secrets, LLC, All Rights ReservedSpread Out
  14. 14. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Experiences Last Forever- Memories with Families & Friends- Save Money & TimeWhy Collect Miles & Points?
  15. 15. © 2013 Million Mile Secrets, LLC, All Rights Reserved….and eat
  16. 16. © 2013 Million Mile Secrets, LLC, All Rights ReservedBig Travel.Small Money.Million Mile Secrets
  17. 17. © 2013 Million Mile Secrets, LLC, All Rights ReservedBig Travel with Small Money- Save money- Have experiences you can’t afford- Save time/less stress for frequent travelersWhy Collect Miles & Points?
  18. 18. © 2013 Million Mile Secrets, LLC, All Rights ReservedVisiting Emily’s Grandma$600Flights!
  19. 19. © 2013 Million Mile Secrets, LLC, All Rights ReservedJet Airways First Class Suite$10,000!
  20. 20. © 2013 Million Mile Secrets, LLC, All Rights ReservedFlying to London to Propose toEmily!$5,000!
  21. 21. © 2013 Million Mile Secrets, LLC, All Rights ReservedThai First Class Massage
  22. 22. © 2013 Million Mile Secrets, LLC, All Rights ReservedEscorted Through Airport
  23. 23. © 2013 Million Mile Secrets, LLC, All Rights ReservedA $1,000+ Suite in BoraBora
  24. 24. © 2013 Million Mile Secrets, LLC, All Rights ReservedThe Iguacu Falls to Ourselves for4,800 SPG + $90!
  25. 25. © 2013 Million Mile Secrets, LLC, All Rights ReservedSave Time
  26. 26. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Why Collect Miles & Points?- Stuff Nobody Talks About- Earning Miles & Points- Using Miles & Points- Questions?The Next 1 Hour
  27. 27. © 2013 Million Mile Secrets, LLC, All Rights ReservedStuff nobody talks about
  28. 28. © 2013 Million Mile Secrets, LLC, All Rights ReservedMy Goal
  29. 29. © 2013 Million Mile Secrets, LLC, All Rights ReservedTravel for 2?
  30. 30. © 2013 Million Mile Secrets, LLC, All Rights ReservedFamily of 6?
  31. 31. © 2013 Million Mile Secrets, LLC, All Rights ReservedFirst Class?
  32. 32. © 2013 Million Mile Secrets, LLC, All Rights ReservedOr Coach?
  33. 33. © 2013 Million Mile Secrets, LLC, All Rights ReservedGood Credit?
  34. 34. © 2013 Million Mile Secrets, LLC, All Rights ReservedEarn Miles From Business Travel?
  35. 35. © 2013 Million Mile Secrets, LLC, All Rights Reserved
  36. 36. © 2013 Million Mile Secrets, LLC, All Rights ReservedStuff nobody talks about - Ethics
  37. 37. © 2013 Million Mile Secrets, LLC, All Rights ReservedKnow your limits
  38. 38. © 2013 Million Mile Secrets, LLC, All Rights ReservedAlways someone with more
  39. 39. © 2013 Million Mile Secrets, LLC, All Rights Reserved
  40. 40. © 2013 Million Mile Secrets, LLC, All Rights ReservedFront Page Test
  41. 41. © 2013 Million Mile Secrets, LLC, All Rights ReservedOrganization Is Key!
  42. 42. © 2013 Million Mile Secrets, LLC, All Rights ReservedOr…
  43. 43. © 2013 Million Mile Secrets, LLC, All Rights Reserved
  44. 44. © 2013 Million Mile Secrets, LLC, All Rights ReservedAlternatively, startsmall and keep itsimple.Missed payments =not worth it.
  45. 45. © 2013 Million Mile Secrets, LLC, All Rights ReservedAward Wallet ForTracking Miles & Points
  46. 46. © 2013 Million Mile Secrets, LLC, All Rights ReservedYodlee or Mint for Credit Cards
  47. 47. © 2013 Million Mile Secrets, LLC, All Rights ReservedTips to Stay Organized- Pay Bills Online-Set due dates on the same day- Set Outlook/I-Phone/Notes Reminders- Excel Spreadsheet to Track-Sign-up/Cancelled/bonus received/spending
  48. 48. © 2013 Million Mile Secrets, LLC, All Rights ReservedThings WILL Go Wrong
  49. 49. © 2013 Million Mile Secrets, LLC, All Rights ReservedHow You React Matters
  50. 50. © 2013 Million Mile Secrets, LLC, All Rights ReservedKnow When To…
  51. 51. © 2013 Million Mile Secrets, LLC, All Rights ReservedSometimes “Good Enough” is Enough
  52. 52. © 2013 Million Mile Secrets, LLC, All Rights ReservedNothing is Certain
  53. 53. © 2013 Million Mile Secrets, LLC, All Rights ReservedHang Up & Call BackPolitely
  54. 54. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Trade-Offs- Be aware of time invested- Flexible travel dates and routingsStuff Nobody Talks About - Trade-off
  55. 55. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Should I collect miles in all programs or just 1?- Flight miles in 1 program- Collect non-flight miles in ALL programs- Don’t forget hotel points- Hotel elite status could matter more- Earning is easy. Redeeming is harder!Stuff Nobody Talks About – Bonus!
  56. 56. © 2013 Million Mile Secrets, LLC, All Rights ReservedMy Wonderful Wife!
  57. 57. © 2013 Million Mile Secrets, LLC, All Rights ReservedDouble the Miles & Points
  58. 58. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Why Collect Miles & Points?- Stuff Nobody Talks About- Earning Miles & Points- Using Miles & Points- Questions?The Next 1 Hour
  59. 59. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Credit Cards- Debit Cards- Shopping- Dining- Banking/Investing- Promotions- Asking nicely!- Partners- FlyingEarning Miles & Points
  60. 60. © 2013 Million Mile Secrets, LLC, All Rights ReservedThe EASIEST way to earn hundredsof thousands of pointsEarning Miles & Points – Credit Cards
  61. 61. © 2013 Million Mile Secrets, LLC, All Rights Reserved1 MILLION+ miles/points in2011 & 2012Earning Miles & Points – Credit Cards
  62. 62. © 2013 Million Mile Secrets, LLC, All Rights ReservedOnly 240,000 Miles to the Moon
  63. 63. © 2013 Million Mile Secrets, LLC, All Rights ReservedMy Credit Score
  64. 64. © 2013 Million Mile Secrets, LLC, All Rights Reserved5 Dangers of Applying for Credit Cards1. APPLYING FOR LOTS OF CARDS2. NOT PAYING YOUR BALANCE IN FULL3. SPENDING MORE4. YOUR CREDIT SCORE MATTERS5. BUYING A HOUSE
  65. 65. © 2013 Million Mile Secrets, LLC, All Rights Reserved1) Transferable Points2) Airline/Hotel Cards3) Cash Back3 Types of Credit Cards
  66. 66. © 2013 Million Mile Secrets, LLC, All Rights Reserved
  67. 67. © 2013 Million Mile Secrets, LLC, All Rights Reserved1a) Chase Ultimate RewardsTypes of Credit Cards -Transferable
  68. 68. © 2013 Million Mile Secrets, LLC, All Rights Reserved1b) American Express Starwood (SPG)Types of Credit Cards - Transferable
  69. 69. © 2013 Million Mile Secrets, LLC, All Rights Reserved1c) American Express Membership RewardsTypes of Credit Cards - Transferable
  70. 70. © 2013 Million Mile Secrets, LLC, All Rights ReservedTypes of Credit Cards – Airlines
  71. 71. © 2013 Million Mile Secrets, LLC, All Rights ReservedPerks :- Free bags- Priority boarding- Less miles for redemptionsTypes of Credit Cards – Airline
  72. 72. © 2013 Million Mile Secrets, LLC, All Rights ReservedTypes of Credit Cards – Hotels
  73. 73. © 2013 Million Mile Secrets, LLC, All Rights ReservedCould be worth paying fee for:- Free night certificates- Elite Status- Discounted award redemptionsTypes of Credit Cards –Hotel
  74. 74. © 2013 Million Mile Secrets, LLC, All Rights ReservedTypes of Credit Cards – Cash Back
  75. 75. © 2013 Million Mile Secrets, LLC, All Rights ReservedTypes of Credit Cards – Cash Back- 1 to 2% on purchases- ~5% on categories- Easy to understand- Good for coach travel- $5,000 business class ticket = $250,000 spending- $80,000 spending on AMEX SPG = 100,000 AA Miles
  76. 76. © 2013 Million Mile Secrets, LLC, All Rights Reserved
  77. 77. © 2013 Million Mile Secrets, LLC, All Rights ReservedWill my credit scorego down?
  78. 78. © 2013 Million Mile Secrets, LLC, All Rights Reserved3 Credit BureausFICO Score: 700+
  79. 79. © 2013 Million Mile Secrets, LLC, All Rights ReservedCredit Score
  80. 80. © 2013 Million Mile Secrets, LLC, All Rights ReservedFree Credit Score
  81. 81. © 2013 Million Mile Secrets, LLC, All Rights ReservedCategory BonusesAre category bonuses worth it?Yes or no?It depends.
  82. 82. © 2013 Million Mile Secrets, LLC, All Rights ReservedCategory Bonuses• Ink Bold/Ink Plus 5x: Office Supply stores, cellphone, home phone, internet,Cable• Chase Freedom 5x: rotating quarterlycategories with $1,500 cap (no annual fee)• Amex PRG: 3x on airfare, 2x gas/groceries• Amex Blue Cash Preferred: 6% grocery/3%gas (grocery capped at $6K)• Citi ThankYou Preferred: 5x 1st year at drugstores, grocery stores, and gas stations
  83. 83. © 2013 Million Mile Secrets, LLC, All Rights Reserved•2X Travel/Dining•$95 Annual Fee•No Forex Fee•5X Rotating Categories•Gas/Drugstores/Amazon•ZERO Annual FeeAnd/OrChase Ink Bold/Plus/Classic/Cash• 5X Office Supply Stores, Cable, Internet• 2X Hotels & Gas• $95 Annual Fee/ No Annual FeeCategory Bonuses – Simple Solution
  84. 84. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Credit Cards- Debit Cards- Shopping- Dining- Banking/Investing- Promotions- Asking nicely!- Partners- FlyingEarning Miles & Points
  85. 85. © 2013 Million Mile Secrets, LLC, All Rights ReservedDebit Cards- Suntrust Delta – 1 mile per $1- Bank of America Alaska Air – 0.5 mile per $1- UFB Direct – American Airlines - 0.5 mile per $1
  86. 86. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Credit Cards- Shopping- Dining- Banking/Investing- Promotions- Asking nicely!- Partners- FlyingEarning Miles & Points
  87. 87. © 2013 Million Mile Secrets, LLC, All Rights ReservedEarning Miles & Points – Shopping
  88. 88. © 2013 Million Mile Secrets, LLC, All Rights Reserved10X on Nordstrom Via Ultimate Rewards Mall-
  89. 89. © 2013 Million Mile Secrets, LLC, All Rights ReservedOnline ShoppingYou can “double dip” and take advantageof category bonuses when shopping via aportal.• Freedom for 5x at Lowes to buy HomeImprovement Gift Card• Go back through portal for 5x onpurchase• Works with many retailers
  90. 90. © 2013 Million Mile Secrets, LLC, All Rights ReservedUse Evrewards.com to Find Best Deal-
  91. 91. © 2013 Million Mile Secrets, LLC, All Rights Reserved$1 purchasekeeps milesfrom expiring
  92. 92. © 2013 Million Mile Secrets, LLC, All Rights ReservedEarning Miles & Points – Dining
  93. 93. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Airline & Hotels have dining programs- Sign-up for each and add your card online- Earn miles for every time you dine- Won’t go out of my way to eat…Earning Miles & Points – Dining
  94. 94. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Bank Direct•100 AAdvantage miles for every $1,000 up to $200,000•25 AAdvantage miles for every $1,000 after $200,000Earning Miles & Points – Banking
  95. 95. © 2013 Million Mile Secrets, LLC, All Rights ReservedFidelity Brokerage Accounts•United, AA, and DeltaEarning Miles & Points – Investing
  96. 96. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Social Media- Email Sign-ups- Watch a video- Hotel/Airline PromotionsEarning Miles & Points – Promotions
  97. 97. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Credit Card Retention Bonuses- Goodwill Adjustments- Providing FeedbackEarning Miles & Points – Asking Nicely
  98. 98. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Car Rentals- Hotels- Flowers- MagazinesEarning Miles & Points - Partners
  99. 99. © 2013 Million Mile Secrets, LLC, All Rights Reserved- The old-fashioned way!- Two types of miles- Elite & Redeemable- Usually 1 mile per flown mile- Earth’s circumference is 25,000 miles- More miles in First or Business Class (50% to 100%)- Elite miles earn status which gets you perks- Very valuable for frequent travelerEarning Miles & Points - Flying
  100. 100. - The Points Guy, MileValue &Others…Read Different Blogs- Million Mile Secrets- Mommy Points- View from the Wing- Frequent Miler- Rapid Travel Chai- One Mile at a TimeEarning Miles & Points - Blogs
  101. 101. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Why Collect Miles & Points?- Stuff Nobody Talks About- Earning Miles & Points- Using Miles & Points- Questions?The Next 1 Hour
  102. 102. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Airline Availability- Hotels- Transferable PointsUsing Miles & Points
  103. 103. © 2013 Million Mile Secrets, LLC, All Rights ReservedAmerican Airlines Partners
  104. 104. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Airline availability on website sucks- Partner awards are KEY- Different tools to search for availability- ANA- Qantas- Air France- Be flexibleAirline Availability
  105. 105. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Paid Tools- Expert Flyer- KVS- Award Nexus- Award Booking ServiceAirline Availability
  106. 106. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Don’t forget hotels- No taxes on redemptions- Hotel awards are easier than airline seatsUsing Miles & Points - Hotels
  107. 107. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Diversify- More options- Chase Ultimate Rewards, AMEX SPG,Membership RewardsTransferable Points
  108. 108. © 2013 Million Mile Secrets, LLC, All Rights Reserved- Why collect Miles and Points?- Stuff nobody talks about- Earning Miles & Points- Using Miles & Points- Questions?The Past 1 Hour
  109. 109. © 2013 Million Mile Secrets, LLC, All Rights ReservedEmail: daraius@millionmilesecrets.comEmail: mommypoints@mommypoints.com

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