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Originally Posted by opus17
A few years ago, I shared an office with a guy who flew JFK-SFO and back every single weekend . He did not belong to any frequent flyer program.
[shameless plug] How did we get on that topic? She saw the FlyerTalk luggage tag on my laptop bag... [/shameless plug] |
My wife's sister and husband went to Hawaii last year, and want to go again. I suggest one or both of them sign up for the Hawaiian airlines credit card, and use the 10,000 bonus miles for two inter-island tickets when they went back next year.
I tried to explain for 10 minutes... After a while I just gave up :( |
Originally Posted by MKEbound
My wife's sister and husband went to Hawaii last year, and want to go again. I suggest one or both of them sign up for the Hawaiian airlines credit card, and use the 10,000 bonus miles for two inter-island tickets when they went back next year.
I tried to explain for 10 minutes... After a while I just gave up :( |
Originally Posted by patrickATX
I suffered the same pain last month, sipping a fruit smoothie, on a Meditteranian beach at a Hilton resort in Egypt, also sad that my trip was coming to an end and I had to suffer in F all the was back to Texas. It was such a painful trip for my daughters 10th birthday present. Woe be me.
;) |
Originally Posted by BigLar
1. Hilton AMEX -- great points generator, can even get Gold, no annual fee.
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Originally Posted by alex0683de
A colleague told me yesterday that she's flown Europe-Australia 3 times in the last two years and doesn't have a single mile to her name. I thought I was going to faint... :eek:
[shameless plug] How did we get on that topic? She saw the FlyerTalk luggage tag on my laptop bag... [/shameless plug] This is very, very sad. Oh the miles! :eek: |
Originally Posted by JerryFF
For years people have told me how they have been making money in real estate and urged me to spend just a little time learning some very safe and basic strategies. I told them I didn't have the time, that I was doing fine with my finances and investments.
Now I have over a million miles and points in various programs and they have over a million dollars (actually several millions) and I am wondering how I could have been so blind and unwilling to be converted. Let's not be too arrogant. Today, I know a hundred times more about miles and points than they do but I would gladly trade my miles for their money. There is great deal of risk for that reward in the property market. Property is not a very liquid investment and real estate prices were never guaranteed to increase. Not signing up for a FF program is leaving money on the table. It's yours for the taking, you have already paid for it. These elite deals are not guaranteed either, however. The Economist keeps writing that FF miles are the most over valued currency in the world, so there is a risk of devaluation but you are never going to go upside down on your mileage mortgage...... |
Originally Posted by BigLar
So he asks me, "What would I do with them (the points)?"
I explained about the Preferred Hotels and how he could spend a nice week to 10 days in 5-star properties like the Landmark in London, some really nice digs in Paris, Rome, Milan, and so on. Even some outstanding location stateside. What's not to like? Hotel reward programs can be useful for a few reasons even if one does not anticipate the hotel points being too useful: a. Collect airline frequent flyer miles or points. b. Sometimes, hotels give you perks for being a member, even if you have no elite status (e.g. I got breakfast coupons at a Hilton once for having a HHonors account with no status). c. Some have claimed that hotel reward program members are less likely to be sent to a different hotel in an overbooking situation. |
Originally Posted by deepdishus
I've been getting a friend of mine to stick with one airline (or two) every time he flies so he can eventually build miles. His reasons for not doing it? 1) "I don't fly enough... just 4x a year" (He flies 3x a year ORD-LAX and once to Brazil) 2) "I can fly cheaper if I look for the lowest fare" (Yeah maybe not more than $30 per flight to LAX) and 3) "It's just too much trouble... one more thing to keep up with" (Should I even comment on this?).
However, I do collect frequent flyer miles and points on those flights, concentrating them on a smaller number of airline programs based on alliances and partnerships[*]. That has still managed to produce some award tickets, despite not concentrating on any given airline. [*] Basically, I have UA to cover Star Alliance airlines, AS to cover a bunch of other airlines including AA, CO, NW, and DL, and WN for itself. |
Originally Posted by Skillet
These elite deals are not guaranteed either, however. The Economist keeps writing that FF miles are the most over valued currency in the world, so there is a risk of devaluation
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Originally Posted by pushback
How does one attain Goldness from the AMEX card?
Plus, you will have at least 60,000 points, maybe as many as 100,000. Get 25,000 more and you can get an AXON award, good for 4 nights at a cat 6 hotel (think Paris, Rome, New York) and, especially overseas, your Gold will be treated rather well. |
Originally Posted by tjl
Personally, I don't find any single airline (or alliance) to always be the best for any given trip (schedule convenience, fewest stops, price). So my flying habits tend to use a lot of different airlines.
However, I do collect frequent flyer miles and points on those flights, concentrating them on a smaller number of airline programs based on alliances and partnerships[*]. That has still managed to produce some award tickets, despite not concentrating on any given airline. [*] Basically, I have UA to cover Star Alliance airlines, AS to cover a bunch of other airlines including AA, CO, NW, and DL, and WN for itself. Agreed. And I do the same thing. Although I tend to concentrate more on various airlines within one alliance, in my case Star. However, in my friend's case, he is just all over the place with airlines and hotels and doesn't care much to sign up for any frequent flyer/stay program. So I figured I could maybe introduce some discipline to his flying habits and have him start accumulating something and watch it grow. Hopefully that will result in motivation for him to sign up with other airlines and partners. |
Originally Posted by deepdishus
This is very, very sad. Oh the miles! :eek:
in reality there is a cost to the airlines to provide frequent flier miles and that cost is reflected in the ticket price if the cost of the airline ticket was broken out, and people realized that around 10% of the fare is going to run ffm programs, the attitdes might change and then there are some people are just wasteful and dont care |
Originally Posted by jessej
in reality there is a cost to the airlines to provide frequent flier miles and that cost is reflected in the ticket price
if the cost of the airline ticket was broken out, and people realized that around 10% of the fare is going to run ffm programs, the attitdes might change |
Originally Posted by deepdishus
This is interesting. I never really got into the economics of fares and miles. So in effect what you're saying is that each person who pays for an airline ticket, regardless of whether he or she is a frequent flyer member with that airline, shares the cost of supporting that airline's FF program?
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Originally Posted by jessej
i believe one cause of this is that many assume that frequent flier miles are free and as such are easy to waste
in reality there is a cost to the airlines to provide frequent flier miles and that cost is reflected in the ticket price |
Originally Posted by rc408
The miles are free. They are only a representation of a possible cost to an airline if a ticket or other merchandise is actually reedemed. If the miles are never used there is no cost involved.
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Originally Posted by deepdishus
So in effect what you're saying is that each person who pays for an airline ticket, regardless of whether he or she is a frequent flyer member with that airline, shares the cost of supporting that airline's FF program?
#1. You go to the grocery store. You buy $100 worth of food. You give the cashier $100. Net result -- you get $100 worth of food and you're out $100. End of story. #2. You go to the grocery store. You buy $100 worth of food. You whip out your credit card and pay for it. At the next billing cycle, you pay the $100 cc bill. Net result -- you get $100 worth of food and you're out $100 (which you paid at your convenience) and you got 100 miles or 500 hotel points or whatever. Who pays for those miles/points? The customer that pays cash, that's who. The store's agreement precludes them from offering a cash discount, so in effect your mileage-earning is subsidized by the cash customers. |
Originally Posted by pushback
Regardless of usage there are still fixed costs associated with the administration of the program. The miles are also carried as a liability on the balance sheet. There can be costs associated with carrying liabilties on a balance sheet such as being viewed as more of a credit risk which implies the cost of borrowing goes up.
who pays for the mailings to frequent flier members? who pays for the additional ticket agents to help customers convert miles to tickets? who pays for the website modifications that allows you to track and/or redeem miles online? who pays for the whole set of airline employees associated with maintaining and running a frequent flier program all of these costs must be covered and are in effect added to the price of the airplane ticket regardless of whether or not any individual chooses to collect frequent flier miles and regardless of if they are ever redeeemed or not the net effect is that those who dont collect or redeem their miles assist in paying for those who do here is a another example food and grocery store coupons literally billions are spend each year on printing and distributing them only 5% are ever redeemed but the cost of the whole pogram is included in the price you pay at the counter those who dont redeem pay an average higher price than those who do |
Originally Posted by pushback
Regardless of usage there are still fixed costs associated with the administration of the program. The miles are also carried as a liability on the balance sheet. There can be costs associated with carrying liabilties on a balance sheet such as being viewed as more of a credit risk which implies the cost of borrowing goes up.
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Originally Posted by pushback
Regardless of usage there are still fixed costs associated with the administration of the program. The miles are also carried as a liability on the balance sheet. There can be costs associated with carrying liabilties on a balance sheet such as being viewed as more of a credit risk which implies the cost of borrowing goes up.
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My co-workers all fly at least as much, if not more, than I do - and yet none of them bother to collect miles or anything. :confused:
On the other hand, when I first got hired, my boss asked me for my frequent flyer numbers - "so we can make sure you get credit!" He's an AA 4 Million Miler, thanks largely to charging everything to his corporate AAdvantage MasterCard ;) |
Originally Posted by FCYTravis
My co-workers all fly at least as much, if not more, than I do - and yet none of them bother to collect miles or anything. :confused:
For example, I have flown or will fly in the near future nine different airlines, but seven of them combine into two frequent flyer programs, both of which have yielded awards that I would not have gotten otherwise (I also got an award on one of the other two). Sometimes, mere membership in a frequent flyer program can be useful, even without status. Holding a Southwest Rapid Rewards card when flying Southwest out of PDX lets you use the "elite" security line. Also, a lot of people are not aware of hotel loyalty programs that can be useful even if you don't stay there enough to get awards or status at the hotel. I got a free breakfast coupon at a Hilton once just for having a Hilton HHonors account with zero points in it (those without HHonors accounts did not get the coupon). |
Yeah, if I had a dime (or 100 miles) for every time a coworker or friend told me "I don't fly airline XYZ often enough to get anything."
I made a huge point of this when a good friend came out to visit last year, on a NW ticket. She didn't have any FF#s at all, so I signed her up for NW WP. I also made sure to tell her that she should use the same number when flying on Delta or Continental. Sure enough, she just made a trip to NJ on CO and proudly told me she signed up for OnePass! Brilliant (not). People either don't sign up, or they spread their miles all over even within an alliance. Horse. Water. Drink. Amazingly, these folks are sometimes the same people who'll be seriously into store rebates and coupon deals, but don't get it about FF and Hotel loyalty programs. |
I've pretty muched stopped proselytizing about the benefits of miles and points.
Of the several people that I work with, all who travel more then me, only one took the FT idea to heart. He recently took a two weeks vacation to Scotland and England, free airfare and free hotel. That was after a year accumulating miles/points during business travel. He doesn't even visit FT, he just checks the the websites of the programs he is in and will ask me every once in awhile if I have heard of any new promos. The rest are too busy (but you can spend an hour on the phone with your mother talking about cousin so and so) or it is too complicated (I've told you I would forward on all the good promotions, you just need to sign up) or you don't travel enough (wait, I just barely make SE on NW and you travel at least three times as much as me) for those people that can't be bothered, I figure they are too lazy to help themselves so I am not going to go out of my way. I am partially Ok with those who choose not to partake... it means more for me. Although I am still saddened by their lack of interest for a couple reasons. 1) The lack of initiative many times translates into other areas of their life... like work for instance. 2) Some seem to actually have a fear of travelling, not the flying but going someplace new, risk of putting themselves in a situation that they might have to expand their mind to deal with another culture. I think the second reason is the saddest. |
Originally Posted by bugger_not_plz
I had kind of the opposite conversation with a coworker.
A couple of months ago, a coworker, who had just returned from a short vacation in Florida with his girlfriend, said that they had moved every day to a different hotel in the same chain. I asked why. He said it was so the girlfriend would get a particular airline's miles. I went to the hotel's site and saw the promotion. It was something like 500 or 1000 miles per stay; I don't remember which. I said it didn't seem like a very relaxing vacation -- packing and unpacking every day for the sake of a penny-ante amount of miles. He said she really likes miles. End of conversation. Borrowing from Stephen Covey, if our relatives and friends are at our wake, let them speak well of the world traveler that lies before them, not of the greedy, obsessed collector of miles and points. Keeping quiet may decide which camp you are in. -outoftown |
Originally Posted by outoftown
I signed up my niece for her first flight and dumped thousands of additional miles in her account without her knowledge.... she cashed in for a bunch of magazine subscriptions because she didn't see a need for those accumlated miles.
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He's back ... and he's still blind!
My friend, who I described in this thread, is back again, and he's staying at the same Quality Inn as me.
So, inasmuch as he collects AA miles ("I've got a credit card!"), I suggested the following: Choice hotels is currently running a triple miles program. You don't have to join up, you don't need to get another credit card, just tell them at the front desk to credit your account to AA. Easy money. By the end of April you'll have another 6000 miles or so. So he said, "Nah." So I gave up again. |
How frustrating. You can't win 'em all.
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Why are you still friends with this person?
Mike |
Originally Posted by mikeef
(Post 7400069)
Why are you still friends with this person?
Mike Hey! There's more to life than miles and points. Did I just say that? :) |
Originally Posted by BigLar
(Post 7400157)
Hey! There's more to life than miles and points.
Mike |
I have merged the old thread with the update, to improve housekeeping.
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We must keep our of miles in the closet.:p
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Aren't we missing the obvious here?
Originally Posted by BigLar
(Post 7399943)
So, inasmuch as he collects AA miles ("I've got a credit card!"), I suggested the following: Choice hotels is currently running a triple miles program. You don't have to join up, you don't need to get another credit card, just tell them at the front desk to credit your account to AA. Easy money. By the end of April you'll have another 6000 miles or so.
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Originally Posted by Jaimito Cartero
(Post 6027119)
Trust me, I know the feeling. I have conversations with friends, after they flew, and asked what program they credit to. "Oh, I only fly 4 times a year, so I don't bother". Heck, even at that level, they'd have a international ticket in a few years. But, I won't waste my time trying to convert them.
Last night an uncle of mine wanted to get in on some of the Intl mistake fares. The first question I asked is if he had a valid passport. No. Well, I said, you'll need to get one. That seemed to kill the urge to travel, however. Strange! Sometimes you have to force people to help themselves :-) |
Originally Posted by outoftown
(Post 6094916)
Can you imagine my disappointment when she told me she cashed in for a bunch of magazine subscriptions because she didn't see a need for those accumlated miles?
-outoftown *GASP!* Please do not ever again say something like that ! I am too young to have a heart attack. |
Originally Posted by ByrdluvsAWACO
(Post 6038519)
Should we really be trying to convert the FF savages at this point? We don't need them boosting the demand for awards. ;)
Seriously, let them sit in coach and collect credit card miles. |
This person is sick.
The woman who cuts my hair (she's not a "stylist") only travels 3-4 times a year to visit her grandchildren to stay at a motel near their home that has a pool and waterslide that the kids like. I told her to sign up for any airline or hotel program she could, and she whipped out her Choice credit card and told me how wonderful it was and how many free nights she'd earned and that I should get one right away. She really gets it even though her travel is extremely limited. |
We live in a blind world
You know what? Most people out there are blind. And I guess those of use who know how to work the system just see the mitigating waste and shake our head. However, if everyone played the system like we did, you'd never be able to redeem a reward, since the plane would be full of mileage runners.
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