Category Archives: Cash For Miles

Advantages of Having a No Annual Fee Credit Card

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Improved Credit Scores

Choosing a credit card can be a difficult task, as you will have to do much research to find the one that is best for you. Many of us believe that all the credit cards are made equal and do not know much about the things that need to be considered whole making a choice of credit card. However, there are many things to consider when selecting a credit card.

The first thing that you need to decide is whether you need a credit card for which you need to pay an annual fee. Some of the main benefits of choosing a credit card without an annual fee are as follows.

Better Rewards

Most of the credit cards without any annual fee also offer great rewards. You can make use of these rewards and points to save more money or sell points for cash. You will be able to find many website that allow you to sell points for cash. As there are many providers offering credit cards without any annual fee, they compete to get customers and offer the best reward programs.

You can also use credit card rewards for things like booking travel and shopping that offers the most reward points. It is a good idea to compare the reward programs to find the most rewarding ones.

Improved Credit Scores

Spending responsibly can help you improve your credit score and without an annual fee on your credit card, it will be easy for you to pay off the bills, which can help improve your credit score. In addition, chances are low that you will switch the no fee card for some other cards. This can also influence your credit score in a positive way.

Having a good credit score can be advantageous to you while trying to get a home loan or a personal loan. Besides, who wouldn’t want to pay bills at time and stay away from the unwanted added fees?

Easy to Get

Experts claim that it is easy to get a no annual fee credit card when compared to the ones with annual fees. As credit cards are one of the main ways in which we spend our money, it will be a good idea to do a little research to understand the conditions and requirements of the card.

Even though most of the no annual free credit cards are easy to get, it will be beneficial for you to compare the reward programs offered by the card before signing up to reap the best benefits.

Starwoods and Uber End Their Partnership

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Starwoods -Uber Partnership

The ridesharing giant of the country, Uber is planning to wind down their partnership with Starwood Preferred Guest program, which allows hotel guests to bag loyalty points for booking Uber rides. Uber announced this via an email sent to users, and Marriot followed up with their statement. However, they did not comment on the party that terminated the deals.

The statement says, “We evaluate our partnerships for the long term. After careful review, we will not be renewing the Uber partnership for 2018. It will officially end on December 17, 2017. Starpoints earned through Uber will not be affected. Registered SPG members who have stays posted with their SPG member accounts through the end of this year can continue to earn Starpoints for Uber rides until 11:59 pm on December 17.”

Uber recently launched their own branded credit card. It is possible that the two developments, the end of the much popular Starwood partnership, and the release of the new credit card, are signaling that Uber wishes to have more control over their loyalty program.

The partnership between Uber and Starwood was launched in 2015. It allowed guests to earn hotel points as a function of Uber rides at the rate of 0.5 points per dollar spent on the ride. Riders were allowed to take advantage of various promotions to multiply the accumulated points, later in the relation.

The partnership between Starwood and Uber was groundbreaking for the travel industry when it was released, as it was the first time that the industry saw a partnership between a hotel and a ridesharing company. In addition to being a strong loyalty program that is great for booking a wide range of hotels, Starwood Preferred Guest is much popular among the business travelers owing to its wide spectrum of airline partners, which include Delta, United, and American airlines. Business travelers were much fond of the Starwood and Uber relation, as Uber was their default ridesharing tool and Starwood was much liked by them.

Starwood and Uber plan to end their partnership on December 17, and it is not yet clear if Uber has any other partners in their list. In addition, it is also uncertain how the other travel partnerships of Uber will evolve.

Uber also works with American Express to offer the platinum cardholders an annual credit of two hundred dollars together with a boost in the Membership Rewards points that can be converted to airline miles. With the plan to end the partnership between Uber and Starwood, American Express users might try to convert their Membership Rewards points to airline miles and sell miles to get cash for miles.

Can I Transfer Flyer Miles from a Deceased Family Member’s Account

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Transfer Flyer Miles

If any of your family members have passed away, leaving behind a large sum of airline or flyer miles, then you might probably wonder whether you will be able to make use of these miles or not. Even though it might seem a little bit morbid to think about, you will need to consider the fact that your deceased loved ones spent their valuable money and time to earn these air miles. So, you should not waste them. However, if you wish to make use of the miles of your deceased family members, then the most important thing you should note is that it is not a simple process.

Transferring miles from deceased family members takes time, effort, and patience, and the procedures may vary from one airline to another. In most cases, you will need to fill a special form and sent it to the airline along with the death certificate of the deceased one to transfer the miles. Yet sometimes, airlines allow you to submit the forms online and separately send the death certificate.

It is significant to note that no airline will do this automatically for you, which means that you will need to spend a quality amount of your time on research to know about the procedure. Below are some of the policies of top airline companies that will help you to get started.

American Airlines

Customers will not be able to American Airlines transfer AAdvantage mileage credit, as the airline doesn’t support such a practice. Even though American Airlines does makes a few exceptions in certain cases, it requires quite a bit of work and some extra fees.

United Airlines

Accrued certificate and mileage cannot be transferred from a deceased family member to another member in the most cases. Nevertheless, just like American Airlines, this airline also makes exceptions to some customers who have a valid certificate, but they will also have to pay a fee of $75.

Southwest

Transferring points or miles from a deceased family member to your account is not possible. The points of the deceased member will automatically disappear within 2 years of the last active date of the customer. Still, give it shot and ask your airline service whether anyone has access to these points or not.

How Travelers can Breakdown the Ideal Travel Rewards Card

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Ideal Travel Rewards Card

Each and every airline loyalty program offers co-branded credit cards to the loyal travelers as a travel rewards card, and so do the banks. The three types of travel rewards cards offered to the travelers of an airline carrier are as explained below.

The Airline Rewards Cards

If you sign up for the travel reward card offered by an airline, you can make purchases on participant hotels and that will earn you air miles. You can use the air miles toward booking advance flights, upgrade flight tickets to economy class, or even priority board if the airline welcomes your loyalty. Needless to say, the airline-specific travel rewards card will show the combined reward points on the airline mileage account. Such types of cards are ideally suited if you fly frequently or dine in a participant hotel.

The Fixed-Value Cards

The fix-value cards will also let you evade the hassles of blackout dates in travel rewards system, as there are banks that offer travelers fixed-value cards with no blackout dates. They are fixed because they won’t let you transfer reward points to air mileage accounts of partnering airlines or hotels participating in the same loyalty program. Fixed-value cards have a fixed redemption rate set by the bank and they are ideally suited for travelers who earn reward points by purchasing than flying.

The Convertible Point Cards

The reward points earned can be converted to airline mileage account of partnering airlines or hotel brands participating in the same loyalty program as the card issuer. That is why the convertible point cardholders have the convenience of spending and transferring the reward points to air miles. Some examples of convertible point cards are the Starwood Preferred Guest card, Chase Sapphire Preferred Card, etc.

How Travelers can Breakdown the Ideal Travel Rewards Card

People tend to choose one travel reward card from the above categories in the US. Some get cash for miles by choosing the right travel reward cards and sell miles as per the spending style and travel plans. Just like fixed-value cards, the convertible points cards let travelers redeem the reward points with participant hotels or flights at a pegged redemption rate. This rate is usually 1 cent per reward point in most of the credit card companies, but there are brokers who offer more.

A New Attractive Offer for Citi AAdvantage Executive Card Holders

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Frequent flyers and reward point earners will be surprised and excited to hear the new offer from the Citi AAdvantage Executive Card. This latest offer from the Citi AAdvantage Executive Card presents an opportunity for cardholders to acquire 75,000 AA miles, along with plenty of other perks and rewards.

This new offer is exactly similar to the offer made by Citi AAdvantage Executive Card last month, which implies that they received the response that they were looking for and as a result, they decided to extend the offer. However, before you jump to any conclusions, take note of the fact that the annual fee for this card is on the costlier side.

The 75,000 AA miles deal is a great offer and what makes the offer more attractive is that it can be used on any Oneworld Alliance network of your choice such as Etihad Airways, Cathay Pacific, American Airlines, Japan Airlines, and Finnair. However, it is true that the latest bonus from Citi AAdvantage Executive Card comes with a catch just like all their previous offers.

Cardholders will have to spend $7,500 within the first three months and they will also have to pay the annual fee of $450 in the first year in order to acquire this offer. This means that the annual fee has not been waived off. So, you will be most probably spending a lot more money in the first half of the year just to earn the bonus.

This might have popped a new question on your mind “Is the new offer worth spending such a large sum of money on?” The answer to this question is Yes, because you will be able to receive the following benefits by earning the bonus from Citi AAdvantage Executive Card.

  • Gain access to Admirals Club at zero extra charges for authorized users
  • Users who spend $40,000 or more will be automatically qualified for 10,000 Elite Qualifying Miles
  • Free foreign transactions
  • The first bag checked in of authorized users will not be charged

Note that the American Airlines AAdvantage bonus miles will not be available to users who had previously opened or closed Citi AAdvantage in the last two years. All other users are eligible to receive the offer but it is always best to consult with other cardholders or a reliable mileage broker before making a decision.

How to Earn Air Miles and Reap Mutual Benefits Through FFP Loyalty Programs

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Exchange cash for miles or sell frequent flyer miles for cash, they both mean virtual trading your reward points online. FFP schemes have been doing the rounds since the 1970’s and the FFP notion of most airlines is straightforward – reward and retain loyal flyers, reap mutual benefits.

Flyers earn air miles also known as frequent flyer miles through booking flights and redeem the reward points to book subsequent flights as well. However, choosing airlines and reaping mutual benefits involves research and math.

For instance, a return flight from Dubai to London with Emirates would earn flyers 900 Skywards in the cheaper most economy class, 6000 Skywards in the fully flexible economy, and 11,400 in the fully flexible business class journey. As a generic rule of thumb – air miles vary for flyers depending on the distance traveled and the travel class.

A lion’s share of the frequent flyer miles comes through air travel only. However, it is quite plausible to earn air miles through other means as well, such as something as outlandish as getting 20,000 Emirates Skywards miles with a 1-year subscription of Wall Street Journal. Alternatively, you can also earn 2 Etihad Guest miles for $1 spent on purchasing glass from Al Jaber Optical. There are even more pragmatic options, and to find them, you need to scout brokers participating in loyalty programs for that.

Not just earning air miles via credit cards, but cards of Starwoods and American Express Platinum card lets flyers convert the card points into air miles. In the Middle East, Etihad douches NBAD, ABID, and ADCB credit cards and Emirates, Emirates NBD credit cards. ADIB Bank’s Etihad Classic Visa will give 0.75 air miles for 4 Dhs spend in the UAE, and incurs Dh500 annual subscription fee.

Flyers should realize that air miles are not the only means to book tickets and actively participate in a loyalty program of airlines. In fact, with the higher membership status and the bonus tier points, flyers could access the private lounge of airlines, priority board, and earn more air miles each time they fly.

Remember, each loyalty programs include more than one airline and air miles can be used just like a foreign currency to advance book flights with partnering airlines as well.

Transfer Starpoints to Get Airline Mileage

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Transferring credit card points to airline miles gives value to the cardholders, as well as helps flyers book flights in United Airlines or affiliate airlines participating in a loyalty program. People can sell Starwoods points as well, but transferring Starpoints to airline miles participating in a loyalty program gives somewhat better exchange value.

Starwoods give Starwood Preferred Guest Credit Cards with an array of transfer options. To transfer Starpoints means to convert credit card points to airline miles and redeem the rewards accordingly.

If you want to fly to America, then a United Airlines ticket can be booked with the miles earned via the Starpoints transfer. If you are flying from America, say to New Zealand, you can use the points of Air New Zealand for the flight tickets, as they participate in the Star Alliance program as well. Not just airline miles but Starpoints can be transferred to Marriott rewards points also, in case you wish to dine in the famous Marriot hotel or book a stay.

American Express Platinum cardholders have no minimum limit to transfer air miles to FFP affiliate partners and that helps flyers to keep the airline mileage account from expiring. Where AmEx Platinum members can transfer even 1 Starpoint at hand, the Gold card members can transfer as fewer as 1500 Starpoints to an affiliate airline participating in the AAdvantage program.

It is noted that Singapore Airlines offers more miles and credit card points, and they are a Star Alliance Loyalty Program affiliate too. The freedom to transfer Starpoints to such affiliating airlines gives better options to flyers and cardholders.

Most of the airline affiliates of Starwoods let cardholders transfer Starpoints in a 1:1 standard exchange rate – 1 Starpoint equals 1 air mile. A few airlines in the US also give 1.5 points for each air miles transferred, whereas some international airlines offer in 1:2 or even higher ratio. Flyers can accumulate all these points, and figure out what should be done with air miles earned through the transfer.

Starwoods is not that great if you want to transfer Starpoints to United MileagePlus of United Airlines, the transfer ratio of which is 2:1. However, for Chase Sapphire Preferred card, transferring 1 card point returns 1 air miles to the cardholder.

Four Ways to Take First Class Flights with Frequent Flyer Miles

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If you fly domestically and earn more frequent flyer points by flying from point to point, you could sell frequent flyer miles someday down the line. To get on board the first class seat of an airline with upgrades means to trade FF points to someone else and enjoy the perks. Below are better ways to grab an upgraded seat in a flight with the frequent flyer points in the bag.

Use Credit Card Points

You can sell American Express points to someone else and book a first class tickets on partnering airlines. Credit cards offer a way to transfer points and gain mileage for your future flights, and it need not compulsorily be American Express points only to trade, you can use any credit card points for that.

Participate in Loyalty Programs

Every carrier has different policies so do some preliminary research to participate in the best carrier and their respective frequent flyer program. With continual participation in the loyalty program, you could get rewarded soon, given that airlines pick loyal flyers only. Some airlines have credit cards of their own, which flyers use during return journey to increase their frequent flyer points.

Trade Airline Miles and be Flexible

Take advantage of tie ups between a carrier and airline miles and get an upgraded seat with the same carrier. The airline miles denote the points you have gathered flying before, and not the miles that you can fly in the future. Do note that not all airlines tickets could be upgraded, so you need to be flexible with your FF points.

Be Choosy and Advance Book Flight Tickets

Some airlines offer the reward program for free, whereas with paid programs, you select the ways to increase airline miles and redeem cash to advance book first class ticket. Be choosy like booking airline specific dining programs, filling out surveys online, indulging in shopping on participant stores, or even opening an investment account in a bank to get bonus airline miles.

Stick with a given airline to increase the frequent flyer points, sell frequent flyer miles through a reliable broker, and grab the deal you are after. Airline carriers are most likely to pick loyal customers as their first class traveler, as frequent flyers travel in the economy class too.

Do you Need to Pay Taxes for Credit Card Rewards

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The payment of taxes on the earned rewards is a common question that arises in many of the credit card reward programs. According to the Internal Revenue Service (IRS), a customer needs to report about the credit card rewards if they fall under the type of taxable income. However, this is not applicable for most of the cards, as the IRS views the various cash-back programs and rewards as discounts. Yet again, huge sign-on bonuses for a card will need to be reported as extra income.

For customers using their credit cards for business, the keeping of the records is mandatory. This requires accurately subtracting all of the rebates from the paid amount to minimize the amount that is deduced from the taxes. Failing to pay the full price can cause the increasing of the burden than the taxable income.

Note that some of the available types of credit cards never fall into the category of income. This includes travel points, cash back programs, sign-on bonuses, and purchases made using the points that are obtained only after spending money. However, customers need to use the 1099-MISC tax form if they intend to use any amount of money. This form is made available to the customers from the credit card company along with the intended bonus.

The customer is also responsible for reporting the same income to the IRS since the state would not carry it out all the time. Moreover, every state law in the country is different and the tax law is subjected change accordingly as well.

The customers must take special note that no amount of money must be received for reporting on the taxes. Taxable income falls under anything provided to the customer without the need to carry out a purchase such as gift cards, points, etc. Consulting with the credit card company is the best way to clear any doubt regarding whether to pay the taxes or not.

Relying on a tax professional is also a recommended way to get clarification regarding the various norms related to tax. The 1099-MISC form is highly important in this segment and should be well considered even with an income scale that does not qualify.

The IRS maintains strict monitoring in tracking all of the income obtained from any of the sources. Remember, ignoring the regulations pertaining to the income can result in tax penalty.

How to Get Cash for United Miles after Viral Video

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The video of a United Airlines passenger being pulled off an airplane after he refuses to give up the seat became viral in the internet a few days ago. The  passenger was pulled off the place to accommodate airline employees, as the flight was overbooked. This video may have made you want to avoid United Airlines for your future travel needs, but this does not mean that you will have to give up all your reward points.

You can either get cash for miles or use them on other airlines like SAS, Air Canada, and Lufthansa. Lufthansa airlines is much known for their first class accommodations, meaning that if you are rich in points, you may make use of their MileagePlus rewards program to have a luxurious journey. However, you need to check with the airline company before using the points, as the baggage fee and seating preferences will be different for different airlines.

Another option to redeem the points is via the United MileagePlus shopping portal. This is not the best redemption option, but if you do not wish to switch loyalty programs, or need to use up all the points as early as possible, you may use this option to purchase tickets, merchandise, and so on, using your rewards.

Those who have United MileagePlus points have many car rental and hotel stay options to choose from as well. Again, this is not a good redemption option, as the value of every point will decrease dramatically if you use United Airlines points for hotel accommodation or car rentals. Yet again, it is a better option than letting the hard-earned reward points to expire.

Shares of United Airlines have dropped in value after the incident made its way to numerous potential customers on the internet. We have seen companies rebound from public relation crisis like this many a times, but emotional videos like this have turned customers off always.

Fortunately, you have some other options to use the points that you may take advantage of quickly if you do not wish to fly again in United Airlines again. If you agree with the way United Airlines personnel has handled the situation, you may be in luck, as we may see some discounts and offers in the future when the airline company tries to fix their damaged reputation.

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