Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Just Wasted $100
Old 05-20-2005, 09:09 AM   #1
 
Posts: n/a
Just Wasted $100

Just booked an airline ticket using my reward points from the credit card. But since their "fly anywhere in 48 states free" has a limit of $400, and their tickets are more expensive, it turns out I would have saved money if I'd gone through Priceline, and just turned in my reward points for cash. Should have said "let me think about it and call back later."

Definitely over my cheapness threshold. Nonrefundable tickets are another example of the decline in customer service.
  Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Just Wasted $100
Old 05-20-2005, 11:43 AM   #2
Full time employment: Posting here.
sailor's Avatar
 
Join Date: May 2005
Location: Atlanta suburbs
Posts: 900
Re: Just Wasted $100

Al,
What credit card it was?

I'm pretty happy with Amex Delta Skymiles (except for the yearly fee)
Just yesterday I used "miles" to book tickets to Alaska for DW & myself to visit my RVing ERed in-laws.
The cheapest tickets I was able to find were about $700 (most cheap fares were sold out during summer season) but I was able to get "award tickets" for 25000 miles per person.

sailor is offline   Reply With Quote
Re: Just Wasted $100
Old 05-21-2005, 07:39 AM   #3
 
Posts: n/a
Re: Just Wasted $100

It was an MBNA Mastercard. I get one "point" per dollar I spent. 25,000 points converts to $400 of airline travel or $250 in cash.

Essentially I get 1% off all purchases made with the card.
  Reply With Quote
Re: Just Wasted $100
Old 05-21-2005, 09:47 AM   #4
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
Re: Just Wasted $100

Quote:
Originally Posted by TromboneAl
I get one "point" per dollar I spent.* 25,000 points converts to $400 of airline travel or $250 in cash.
As I've long suspected, this deal makes it sound like the airlines value their services at only 62.5% of their cost.*

Or maybe that's just outside of weekends, holidays, and other blackout periods...
__________________
*

Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."

I don't spend much time here— please send a PM.
Nords is offline   Reply With Quote
Re: Just Wasted $100
Old 05-21-2005, 02:11 PM   #5
Full time employment: Posting here.
 
Join Date: Apr 2005
Posts: 524
Re: Just Wasted $100

Quote:
Originally Posted by TromboneAl
It was an MBNA Mastercard. I get one "point" per dollar I spent. 25,000 points converts to $400 of airline travel or $250 in cash.

Essentially I get 1% off all purchases made with the card.
A 1% back with many restrictions on how/when you spend it.
I got tired of black-out dates, saver/supersaver specials, and no seats available. I opted for the free penfed card that pays 1.25% back in cash each month.
JB is offline   Reply With Quote
Re: Just Wasted $100
Old 05-21-2005, 03:29 PM   #6
Full time employment: Posting here.
sailor's Avatar
 
Join Date: May 2005
Location: Atlanta suburbs
Posts: 900
Re: Just Wasted $100

Quote:
Originally Posted by TromboneAl
Essentially I get 1% off all purchases made with the card.
In theory we have the same deal (about 1%), but we try to use more leverage with our "miles spending".
For example last spring we used 50k miles for a following plane ticket:
Atlanta -> NY -> Paris -> Warsaw -> Milan -> Cairo -> Prague -> Amsterdam -> Atlanta.
Try to buy such ticket for $500

sailor is offline   Reply With Quote
Re: Just Wasted $100
Old 05-26-2005, 11:21 PM   #7
Full time employment: Posting here.
 
Join Date: Apr 2005
Posts: 524
Re: Just Wasted $100

Wow sailor, how did you get a deal like that!
Whenever I try to use miles to fly it's nearly impossible. Did you book through an airline or the credit card co?
JB is offline   Reply With Quote
Re: Just Wasted $100
Old 05-27-2005, 01:07 PM   #8
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 927
Re: Just Wasted $100

Quote:
For example last spring we used 50k miles for a following plane ticket:
Atlanta -> NY* -> Paris -> Warsaw -> Milan -> Cairo -> Prague -> Amsterdam -> Atlanta.
Drool... Add me to those who would really appreciate knowing how you pulled this off!


Many thanks,
Caroline

Caroline is offline   Reply With Quote
Re: Just Wasted $100
Old 05-27-2005, 01:22 PM   #9
Full time employment: Posting here.
sailor's Avatar
 
Join Date: May 2005
Location: Atlanta suburbs
Posts: 900
Re: Just Wasted $100

Quote:
Originally Posted by JB
Wow sailor, how did you get a deal like that!
Whenever I try to use miles to fly it's nearly impossible. Did you book through an airline or the credit card co?

I booked directly with Delta travel desk.
The key is to know the rules of the tariff.
Typical round trip tariff (like mentioned 50k miles to Europe) has one allowable stop over.
You call the Delta award desk and get transferred to international desk (they can give you also flights on partner airlines). If it's really an "exotic" itinerary and planes are full be prepared to spend a long time on the phone (like 2 hours).
In the example above we asked for a roundtrip ticket to Cairo with stopover in Warsaw.
There are no direct flights to Cairo neither to Warsaw from Atlanta so you will have to get connecting flights. The planes were relatively busy (near Easter week) so we also mentioned that it's no problem for us to do an overnight stay on the connecting flights.


sailor
sailor is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
$100 per Day or Less Eagle43 FIRE and Money 33 04-26-2005 10:48 AM
Age To Hit $100 K in Savings Tommy_Dolitte Young Dreamers 55 11-15-2004 02:33 AM

» Quick Links

 
All times are GMT -6. The time now is 03:20 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.