Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Travel hacking presentation

11,354 views

Published on

milelion's travel hacking presentation

Published in: Travel
  • Be the first to comment

  • Be the first to like this

Travel hacking presentation

  1. 1. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com Travel Better For Less ML The Milelion
  2. 2. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com What is travel hacking? Luxury travel doesn‘t have to be expensive travel hacking upgrades your travel experience while saving you money Marvelous Suite @ W Sentosa Cove- $600+ per night 2 SQ Suites tickets to Paris $17,000 retail value ANA First Class to Singapore $11,250 retail value Factory fresh BMW 3 series in Munich SQ First Class to Mumbai $3,500retail value W New York City at Christmas-time $500+ per night Suite at Aloft Abu Dhabiduring convention $450 + retail (and why should I care?)
  3. 3. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com AGENDA 2 Credit Cards 5 Other Tricks 3 Airlines 4 Hotels 6 Q&A 1 Start
  4. 4. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com START- Philosophies towards travel hacking Access B “Travel hacking gives me access to experiences I otherwise wouldn’t have been willing/able to afford” 51 2 3 4 6 Value A “Travel hacking helps me save money”
  5. 5. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com START- Philosophies towards travel hacking Access B “Travel hacking gives me access to experiences I otherwise wouldn’t have been willing/able to afford” 51 2 3 4 6 • Would you be willing/able to pay for • A budget airline flight to Bangkok? • An economy class ticket to London? • A 3 star hotel in Hanoi? • A sub-compact car rental in Perth? • Would you be willing/able to pay for • A first class ticket to Los Angeles? • An ovewater bungalow in Koh Samui? • A luxury convertible in Malibu? You get the most out of travel hacking when you redeem for experiences, not commodities
  6. 6. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com START- Is travel hacking for you? 51 2 3 4 6 Travel Hacking is an investment and needs time • Travel hacking will require that you be willing to • Sign up for and carry multiple credit cards • Remember which card to use when • Plan your spending to hit targeted spending bonuses • You may have to make some short term sacrifices like • Staying in a slightly inferior hotel just because it’s part of your chain • Taking a less convenient flight just because it’s part of your alliance • It does help a lot if your job allows you to put expenses on personal credit cards, though it’s not essential
  7. 7. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com START- Common objections 51 2 3 4 6 “ Having so many creditcards is too ma fan. I just want to use one“ “ I‘d ratherredeemmy milesfor economy class ticketsbecause you need fewer miles“ “ It‘s too troublesometo rememberwhich cardto use when “ “ I‘d ratheruse Hotels.com/Expedia/Orbitzto book becauseit‘s just easier “
  8. 8. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com CREDIT CARDS
  9. 9. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com The best general spending rate you can obtain currently is 1.4 miles/S$1 Category bonuses on dining,online spendingand shoppingcan reach 4 miles /S$1. Certain travel websites give 6-10 miles /S$1 Only full fare SQ tickets earn 100% milesThe majority of your miles will be earned via credit cards, not flying • SQ is particularly stingy with mile accrual- you only earn 10% of miles on its super discounted fares. It is woefully insufficient to rely purely on one card to build your miles • $30K annual spend on a general purpose miles card- 42,000 miles • Same spend on a mix of cards assuming 30% dining, 20% shopping, 20% hotels & flights, 30% others- 99,600 miles 51 2 3 4 6CREDIT CARDS- Why do you need them? Somecredit cards have genersous sign up bonuses upon reachinga minimum spend within a certain period Credit cards- bonus/category spend Credit cards- general spending Flights
  10. 10. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com CREDIT CARDS- Breaking it down Credit Cards Fixed Rebates Variable Rebates Cashback Cards Miles Cards Points/ Rewards Cards Not all credit cards are made equal • Banks earn swipe fees every time you use their cards. • To entice you to choose their cards, banks offer rebates on your spending in the form of cashback or points/miles 51 2 3 4 6 Earna fixed% backon your spendingin theformof a statementcredit Offersyou pointsor miles, thevalueof whichvaries dependingon how you redeem them
  11. 11. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com Credit Cards Fixed Rebates Variable Rebates Cashback Cards Miles Cards Points/ Rewards Cards 51 2 3 4 6 Potentialrebatevalueof 2-28% Rebatevalueof 1-6% CREDIT CARDS- Breaking it down Cashback cards are inherently a worse deal than miles and points • Banks are loathe to part with cash but will gladly ply you with miles because the variable cost of redemption are borne by the airline • Airlines are willing to sell miles in bulk at discounts because ~80% of members will redeem at suboptimal rates
  12. 12. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com Cashback(FixedRebatesCards) The value of the miles and points these cards give you depend on how you spend them • Economy vs premium cabins Your effective rebate therefore can range anywhere between 2-30% • DBS Altitude Card on online travel purchases gives 4.5 miles per S$1, therefore effective rebate is 4.5*(1 to 7 cents)=~30 cents per S$1 or 27% • ANZ Travel Card on general spending gives 1.4 miles per S$1, therefore effective rebate is at least 1.4-5.6%Points/Miles(VariableRebatesCards) 51 2 3 4 6 The rebate is given to you in the form of a statement credit where a dollar is always a dollar. These rebates often come with a lot of strings attached- eg minimum spend to receive rebate, maximum rebate capped each month or per transaction • Citibank Dividend Card- 3-5% on groceries with minimum $50 transaction. 0.5% elsewhere • ANZ Optimum World Card- 5% on selected category, but maximum $30 rebate per transaction, can only be redeemed in blocks of $50. Other categories 1% • POSB Everyday Card- advertises up to 6% rebate but only within limited categories; else 0.3%! CREDIT CARDS- Cashback or points?
  13. 13. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com CREDIT CARDS- General Spending 51 2 3 4 6 UOB PRVI Miles Card ANZ Travel Card Citibank Premiermiles DBS Altitude Card Available in General spend Other features AMEX, MC, Visa Visa AMEX, MC AMEX, Visa 1.4 1.4 1.3 1.2 Overseas: 2.4 SQ/MI: 3 Overseas: 2 SQ/MI: 2 Agoda/Expedia: 6 Kaligo: 10 Overseas: 2 Online hotel/flights: 3 Australia/NZ: 2.8 50% earning bonus on AMEX for 6 months after approval Spend $800 get 12,000 miles on Visa Min Income: $80,000 Min Income: $60,000 Min Income: $50,000 Min Income: $50,000 Joining bonus- pay first year annual fee of S$256.80 and get 15,000 welcome miles Complimentary (ie non priority pass) Lounge access worldwide plus limo service with min S$2,500 spend within 30 days of travel Frequent bonus promotions with OTAs, retention bonus of 15,000 miles with payment of S$256.80 annual fee Specialised spend
  14. 14. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com CREDIT CARDS- Specific Spending 51 2 3 4 6 UOB Preferred Platinum AMEX DBS Woman‘s World Citibank Rewards UOB Preferred Platinum Visa Available in General spend Specialised spend Comments AMEX, MC, Visa MC, Visa MC, Visa AMEX, Visa, MC 0.8 0.4 0.4 0.4 Min Income: $30,000Min Income: $30,000 Dining- 4 Online-4 Shopping- 4 Paywave-4 This bonus will not cover dining in hotel restaurants, which will be coded as hotel transactions Bonus limited to first $2,000 spend per month, after which you earn the terrible 0.4 rate. Plan carefully! Shopping is defined as purchases at any place which sells bags, shoes or clothes, or department stores. Also applies to online shopping Bonus limited to $12,000 spend per annum Min Income: $80,000 Min Income: $30,000
  15. 15. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com CREDIT CARDS- Entry level 51 2 3 4 6 DBS Livefresh Maybank Horizon Citibank Clear DBS Woman‘s Card General spend Specialised spend Comments 0.4 0.4 0.4 0.4 Selected travel bookings Agoda, Expedia, AirBnB, Jetstar, AirAsia, Pandabed, TigerAir Also comes with lounge access with min S$400 charge on air tickets within 3 months before travel Points valid for 5 years Online shopping excludes F&B, travel, airline, cinema, government payments etc Bonus capped at $2,000 spend per month Online spending includes OTAs and air ticket purchases Air Tickets, DFS Changi, Overseas spend- - 2 Online -2Overseas, Dining and Online Shopping- 2 Overseas spend, travel bookings, online shopping, Paywave- 1.2 Min Income: $30,000 Min Income: $30,000 Min Income: $30,000 Min Income: $30,000
  16. 16. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com 51 2 3 4 6CREDIT CARDS- Bonus Strategy Krisflyer Ascend AMEX Rewards Bonus • 1 free night at selected Millennium hotels worldwide • 4 free SATs lounge vouchers • If <$50,000 apply for the Krisflyer Gold card, Min Income: $50,000 Comments Get 5,000 miles with your first spend Cost per mile Get 13,333 miles with $1,500 spend Liberation Cost DBS Altitude Visa None $20 $40 (annual) Free 11.8 cents • Relatively high cost of miles, would only advise this if you‘re spending for someone else Min Income: $30,000 Get 12,000 miles with $800 spend Get 2,00 miles upon approval Get 15,000 miles with $257 annual fee $40 (annual) $25 DBS Altitude AMEX UOB PRVI Card Min Income: $50,000 Min Income: $50,000 Min Income: $80,000 Free6.7 cents 1.7 cents • This can be done for the Visa version too, potentially netting you 30,000 miles in total • 50% earning bonus for first 6 months after approval • Bonus is for online applications only
  17. 17. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com 51 2 3 4 6CREDIT CARDS- Know your cards Infinite Signature Platinum/Gold/Classic Access to the Visa Luxury Collection of hotels Complimentary Hilton Gold status, greens fees WorldElite World Platinum/Gold/Classic Complimentary elite membership in Avis and National car rental Get SPG Gold status with single stay in Starwood AP properties
  18. 18. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com 51 2 3 4 6CREDIT CARDS- Cashing out NEVER REDEEM MILES FOR ECONOMY CLASS TRAVEL • If you need a cheap short haul flight, go budget • If you need a cheap long haul flight, go with the gulf carriers (Ethiad, Emirates, Qatar) IF YOUR INTENTION IS TO REDEEM ECONOMY CLASS TRAVEL, YOU’RE BETTER OFF WITH A CASHBACK CARD • Cashback cards give you anywhere between 1- 6% rebates, which is higher than the 1% you’d get from redeeming economy • Save the cash, then buy an economy class ticket B E SQ to London-options Retail: $7,415 Award: 136,000 miles + $867 Cents per mile= 4.8 Rebate: 7% Retail: $1,186 Award: 59,500 miles + $686 Cents per mile= 0.84 Rebate: 1% F Retail: $14,494 Award: 182,750 miles + $894 Cents per mile= 7.4 Rebate: 10% (assuming 1.4 miles/S$1 card)
  19. 19. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com Never pay annual fees Right card, right situation Miles, not cashback 1 CREDIT CARDS- Summary 32 4 • Unless option to earn bonus miles on renewal fee offered AND you have a definite use for the miles Always redeem for premium travel • The right card to use depends on what kind of transaction you’re making • Premium travel values your miles at 4-7 cents each, versus 1-2 on economy • Cashback cards give you much less bang for your buck 51 2 3 4 6
  20. 20. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com AIRLINES
  21. 21. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com AIRLINES- FFP Overview 51 2 3 4 6 Which alliance is it part of? What alternative redemption options exist? Which credit cards does it partner with? What third party earning opportunities exist? Do local credit cards offer the chance to earn miles on that FFP? Is the FFP obscure to the extent that you take a haircut for earning opportunities? Alliances provide opportunities for cross-carrier mile earning, elite benefits recognition (eg extra baggage, lounge access, priority check-in and boarding) Can you earn bonus miles through hotels, car rentals and other types of spending? Does the program let you redeem miles for non- flight options eg hotel stays, gift vouchers, retail items? Analyzing an FFP Suchredemptionsarealmostnevera good useof miles;butmaybe usefulfor a small soon-to-expirebalance
  22. 22. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com Key members Singapore Air, Lufthansa, Thai, United, Eva, ANA Total members: 27 Tiers: Gold, Silver Pros: Avianca Lifemiles, Asian- airline heavy, solid gold benefits, TK status match Cons: Lack of middle tier, weak silver benefits, weak Middle East and South America coverage AIRLINES- Know your alliances Key members Cathay, American, Japan Airlines, Malaysia Airlines, Qantas Total members: 16 Tiers: Emerald, Sapphire, Ruby Pros: 2nd tier elites get lounge access, top tier gets first class lounge access, airberlin status match, minimal inter-alliance blocking Cons: No Africa coverage, smallest overall alliance Key members Air France, Delta, Korean, Garuda, KLM Total members: 20 Tiers: Elite Plus, Elite Pros: Africa coverage Cons: Lack of a true “prestige” carrier, most dysfunctional alliance with active award space blocking, no Oceania/South America coverage Key members Ethiad, Jet, airberlin, Alitalia, Total members: 20 Tiers: Gold Elite, , Gold, Silver Pros: Wide variety of partners makes this the best place to dump orphan miles Cons: Most of the partnerships are mile earning only without mutual benefit recognition 51 2 3 4 6
  23. 23. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com AIRLINES- Krisflyer Analysis Which credit cards does it partner with? • Krisflyer is a transfer partner for all local mile earning credit cards Which alliance is it part of? • Krisflyer Gold and Silver members enjoy cross carrier benefits on other Star partners • However, using Krisflyer miles for Star Alliance partner awards is extremely poor value- for this consider Lifemiles What third party earning opportunities exist? • Most major hotel chains and rental cars award some KF miles • Krisflyer is a partner of Rocketmiles and Kaligo • Krisflyer Spree online shopping portal exists but is poor value compared to traditional cashback portals Krisflyer • Very limited- Scoot and Tigerair vouchers available at ~1 cent per mile value • Option to pay for flights with Krisflyer miles at~1 cent per mile What alternative redemption options exist? 51 2 3 4 6
  24. 24. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com AIRLINES- Lifemiles • Lifemiles is the frequent flyer program of Avianca, a Star Alliance member, which runs quarterly promotions where miles are sold at a 100% bonus, bringing down the cost to 1.5-1.65 US cents per mile • This provides an arbitrage opportunity whereby it is cheaper to buy the miles and redeem a first/business class ticket as opposed to buying the ticket itself • In order to participate in this promotion, your account must be open before the promotion is announced. Open an account here- http://bit.ly/QeAkyy Register for Lifemiles account today PROFIT! Buy miles at 1.5- 1.65 cents during quarterly promo Redeem for business/first class tickets on Star Alliance carriers 51 2 3 4 6
  25. 25. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com AIRLINES- Status matching 51 2 3 4 6 (oneworld)(star alliance) Original FFP Match:http://bit.ly/1ASCbdB Match:sendemailtocustomerservice withproofofcompetingstatus Status match and retain status for up to 3 years • Assuming you’re able to get status with one airline, you could match it to Turkish towards expiry, and subsequently match Turkish to airberlin when Turkish expires • This ensures you’ll always have status with at least 1 airline alliance
  26. 26. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com AIRLINES- Summary Status match during lean periods 4 • You can only status match once in the lifetime of your account, so use it carefully to see out a lull in travel Open a Lifemiles account 2 • You can only take advantage of bonus promos if your account was open prior to the date the promo was announced Pick your alliance carefully 1 • Your alliance limits your choices of redemption and who recognises your status 51 2 3 4 6 3 Always redeem for premium travel • Premium travel values your miles at 4-7 cents each, versus 1-2 on economy
  27. 27. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS
  28. 28. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Why does status matter? 51 2 3 4 6 Bonus points Late Check Out Upgrades Free suff during stays • Enjoy upgrades to better rooms and suites when you stay • Hyatt and Starwood offer the chance to get confirmed suite upgrades a limited number of times a year, and on availability basis other times • Elite members earn points bonus points above that which ordinary members get • Elite members enjoy late checkouts (4pm in some programs, though this may be extended further on goodwill) • Allows you to catch later flights without paying extra Status Benefits • Elite members get premium internet access, breakfast and welcome amenities
  29. 29. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com Calendar Year 3 months 50 nights/25 stays 18 nights SPG Platinumusually requires 50 nightsin a calendar year However, Starwood is willing to grant you Platinumstatusif you complete 18 nightsin a 90 day period 6 3 9Jan 2015 Dec 2015 5 9 3 12 3 5 4 Statusearned in 2015 is valid for themembershipyear of 2016, expiring in Feb 2017 • Enjoy the benefits of Platinum status from the 18th night instead of the 50th • Earn Platinum status early in the year and enjoy for the remainder of the year + next calendar year + Jan and Feb of subsequent year HOTELS- Status Challenges Explained 51 2 3 4 6
  30. 30. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Hacking the majors Platinum- 18 nights/90 days Gold- 9 nights/90 days World Mastercard holders- stay 1 night in Asia-Pac SPG properties and get gold- http://bit.ly/1DXRlEW Sheraton, Westin, Le Meridien, St Regis, Luxury Collection, Aloft, W, Four Points Park Hyatt, Grand Hyatt, Hyatt House, Andaz, Hyatt Place, Hyatt Regency, Hyatt Hilton, Conrad, Doubletree, Hampton, Homewood, Home2Suites, Waldof Astoria, Curio, Canopy, Embassy Suites, HGI Novotel, ibis, Sofitel, Mgallery, Pullman, Grand Mercure, Adagio, Sebel Intercontinental, Crowne Plaza, Holiday inn, Holiday Inn Express, Staybridge, Candlewood Hotel Indigo Diamond: 12 nights/60 days Platinum: 6 nights/60 days Diamond: 21 nights/90 days (not official policy to offer) Gold: 4 stays/90 days Platinum Elite: 40 nights + 3 IHG brands Gold Elite: 10 nights + 3 IHG brands Not available Not available Complimentary Hilton Gold with Visa Infinite cards (CIMB Visa Infinite has no annual fee) For US$200 you can become an Intercontinental Ambassador Currently not available Pay 90 Euros and get LeClub Accor Gold status with the ibis Business Card 1,162 527 4,100 3,500 4,704 51 2 3 4 6
  31. 31. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Where to book Where to book? I care about the absolute cheapest price I want to earn points and status OTAs via CB portal Official Website via CB portal Miles back OTA Non-chain Opaque Booking Channels Chains 51 2 3 4 6 Your choice of booking channel is important • You do NOT earn points with hotel chains when booking via OTAs • However, OTAs can be a good option if you’re chasing miles Have their own rewards program, but thevalue is so poor it‘s practically negligible Give chains a chance • Yes, it’s not as sexy as a boutique hotel, and sometimes there may be better located, cheaper independent properties • But chains have some ultra- luxurious aspirational properties in the Maldives and other beach destinations which are unaffordable through regular means- target those
  32. 32. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Milesback OTAs 51 2 3 4 6 Milesback sites are OTAs which reward you with miles when you book through them Since these are OTAs, you won’t earn any elite credit or points on your stay. However, earning 10 miles per S$1 with Kaligo or 3,000 extra miles on your first Rocketmiles booking is still too good to turn down Joining bonuses Rocketmiles- http://bit.ly/1MTQk0B 3,000 bonusmileson firstbooking 10 milesper S$1 spent
  33. 33. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Opaque Booking Channels (OBC) Possible brand dilution when consumerssee 5* Hotel selling for cheap Consumer gets a big discountin exchangefor agreeing to a non-refundable booking at a property whose namewill only be revaled post purchase 51 2 3 4 6
  34. 34. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Priceline tutorial Pick city and desired neighborhoods Priceline lets you select which neighbourhoods you are willing to stay in. More popular cities are more likely to be subdivided into more neighbourhoods which gives you more granular control over the process. Remember: you will never be assigned a hotel outside the neighbourhood you choose 1 51 2 3 4 6
  35. 35. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Priceline tutorial Specify which star level you’re willing to take Typically you should be going for 5 or 4.5 star hotels, because these represent the greatest deal. There is almost certainly no point in using Priceline for 1-3 star hotels, as you could surely find these cheaper on an OTA with no issue of asymmetrical knowledge 2 51 2 3 4 6
  36. 36. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Priceline tutorial Name your price To prevent you from “bid sniffing”, Priceline limits you to 1 bid per 24 hours. This can be easily circumvented, as I’ll show you on the next few slides. ALWAYS lowball. Always. The point of this site is to save money. Priceline is likely to warn you that your bid has a “small” chance of being accepted, in order to scare you into bidding more, but you’re smarter than that. Right? 3 51 2 3 4 6
  37. 37. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Priceline tutorial Review your request and submit At this point you’ll be asked to enter your payment details. Annoyingly, Priceline adds on the fees separately, so take that into consideration when you’re bidding in step 3 Because of the nature of Priceline, no refunds are allowed. For whatever reason. Be sure your dates are set in stone before you try this 4 51 2 3 4 6
  38. 38. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Priceline tutorial If your first bid is successful, you bid way too high You shouldn’t be successful in your first bid. Otherwise you’ve left money on the table. The idea is to edge your price upwards until you win 5 51 2 3 4 6
  39. 39. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Priceline tutorial Use a “rebid zone” to repeat the process, plus $3-5 Identify which zones in the city do not have 4.5 and 5 star hotels. Add 1 of those zones to your selection and repeat your bid If bid is rejected, repeat again, adding another zone. This is why this technique works the best in cities with a lot of zones. Don’t worry- because you specified 4.5 and 5 star hotels, you will never get a hotel in a zone you don’t want 6 51 2 3 4 6
  40. 40. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Hotwire Hotwire is a lazy man’s Priceline No bidding is needed- the portal shows you the price, the neighbourhood and the star level- you decide whether you want to take a punt Because you don’t bid, you’ll invariably end up paying more However, because Hotwire specifically lists the amenities at the hotel, some intelligent guesswork can narrow down the potential hotels Hotwire lists prices, neighbourhoods, starlevels and amenities-you just need to take theleap of faith Hotwire- Las Vegas Example 51 2 3 4 6
  41. 41. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com HOTELS- Betterbidding and BiddingforTravel Priceline and Hotwire are games of information asymmetry Get informed. Read about people’s successful bids on BetterBidding and BiddingForTravel Users report their wins on Hotline- helping yo uidentify hotels based on the types of amenities they have BetterBidding Forums 51 2 3 4 6
  42. 42. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com Use the right credit cards 4 • The DBS Altitude AMEX has 4.5 miles per S$1 of hotel spend, provided payment is done online Register for bonuses 2 • Hotels run quarterly promotions which you need to register for- no registration, no bonus points! 3 Always use the official website (via a cashback site) • Stays via OTAs do not qualify for stay credit or points. OTA rewards programs are poor value, so unless the discount is significant, use the official website Pick a chain, any chain 1 • Your choice should be based on where you’re likely to travel and your leisure travel budget HOTELS- Summary 51 2 3 4 6
  43. 43. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com 4OTHER TRICKS- Cashback Portals No commission paid Commission paid and retained by advertiser Commission paid and distributed to you Every time you don’t use a cashback site, you’re leaving money on the table • Please, please, please take the money Get bonus credit on your purchases with my referral links • Top Cash Back • Ebates • Shopback 51 2 3 6
  44. 44. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com OTHER TRICKS- 4 miles everywhere! 1 3 • There are 2 prepaid cards in Singapore- the IMAGINE AMEX and the FEVO Mastercard • Recall that the DBS Woman’s World Card gives 4 miles per S$1, on the first S$2,000 of spend per month • You can top up the FEVO card with S$2,000 each month using your DBS Woman’s World Card, then use the FEVO/IMAGINE to spend on regular items, effectively earning 4 miles everywhere • FEVO fees-1% on credit card top ups (wavied for top ups of $50 and more), $0.50 fee on DBS/POSB ibanking • IMAGINE fees- service fees are waived for $50 reloads and morePurchasefor $28 4 51 2 3 6 Purchase for $20 with $4 credit
  45. 45. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com OTHER TRICKS- APEC Business Travel Card • If you’re a frequent traveler, ask your HR department to sign a letter of justification so you can apply for the APEC Business Travel Card • The card lets you skip immigration queues in a large number of APEC countries. This can come in handy in countries where immigration queues can be notoriously long, like Indonesia and to a lesser extent Thailand 4 51 2 3 6
  46. 46. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com Conclusion- what do we now know? Access over value 3 Earn and Burn 1 Miles and points are the worst currency to hold- they don’t earn interest and their value can only erode Miles and points give you access to aspirational products, not discounts on thigs you can already afford 2 All about arbitrage Miles and points should only be spent at a value above which they took to earn
  47. 47. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com QUESTIONS ?
  48. 48. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com CONTACT @milelionsgthemilelion www.milelion.com
  49. 49. The Milelion Travel Better for Less www.milelion.com, admin@milelion.com Image Placeholder

×