Friday, August 26, 2011

Earn Miles Flying (It's More Complicated Than You Think)

What’s the best way rack up miles for future free travel?  Not surprisingly, it’s to get in a plane and fly.  A few roundtrips coast-to-coast will do more to increase the number of miles in your than nearly anything else.  There are other things you can do to add 10,000+ miles to a frequent flyer account at once, but nothing besides flying will give you consistent and large chunks of miles to build toward that future trip.

Remember that the last post encouraged you to have a goal and keep it?  That thought is going to be important to keep in mind because to get where you want to go, financially it might cost you a little more. 

Stick with a winner.  With whom do you have miles right now?  Whoever it is, try your best to funnel all your future flying with that airline.  If you are, on average, earning 2,000 miles per roundtrip flight toward future travel, it’s going to take a long time to earn a free flight.  But if you earn 2,000 miles on five different airlines you have five different accounts totaling 2,000 miles instead of one account with a total sitting at one-tenth toward your goal.  Stick with a winner and keep building those miles. 

It can be tough, though, and I understand why.  For the sake of responsibility you’ll need to find a financial breaking point and stick to that number.  While the prices of flights change and change often, they generally are fairly competitive with each other.  So, if you want to fly to LA and the airline with which you’ve flown a few times and with which you’ve collected miles offers a flight that costs $35 more than its nearest competitor, spend the extra $35 and continue collecting miles on a single airline.  If you’re a family of five and your target airline is going to cost you $65 more than the cheapest ticket – OK, that doesn’t work.  But if it is a marginal difference, stick with your winner, stick to your goal and look forward to free travel.






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