That’s a lot of points. There have been many different ways that you may have used to acquire these frequent flyer points. Accomplishing this task wouldn’t have been easy because you would have to have established goals and the commitment to stick to them without running into debt. If you don’t already have goals, you can set them as you’ve gained your 2 million frequent flyer points.
Here are a couple of tips on how you can manage those frequent flyer points.
1. Playing by the Rules
Loyalty programs are designed to help you get the best customer service from one group of banks, hotels and airlines. So, when you choose one, be consistent and stick to it. Aim to collect the maximum number of points with one program instead of many.
This is because there might be a minimum number of frequent flyer points that you may need for a service such as a flight or a hotel booking to be “free.”
But even more important than sticking to one program is the cardinal rule of finding one program that has a slew of partnerships and agreements. This way, you can stay in partnered hotels as part of allied programs and fly partnered airlines using your points rather than paying for it.
By having partnered programs, you can even transfer points from airlines toward a hotel booking if you’re lacking a few points to a completely free of cost stay.
2. Go for Status
While having frequent flyer points is important, your status counts immensely when it comes to utilizing those points. You need to work to get status with the points in loyalty programs. While you get travel rewards, gift cards and merchandise with points on trips and purchases on different loyalty cards.
The need to pick a program which gets you a greater reward in terms on points per the dollar amount you spend.
For instance, if one program gives you two points per dollar and the other gives you 5 points to the dollar, it may seem like the one with the greater points is the better deal. But that may not be the case when status is concerned.
When you think status, you think popularity. So, the more popular the program and the more avenues it gives you to claim your points, the better it is. With status, you can get a number of extra rewards or perks that may give you an upgrade to first class on the same flight, bonus points for each time you travel or even suite and breakfast upgrades at hotels.
You can manage your points at www.pointsbank.com.au and if you are able to hit the minimum points criteria for status upgrades, you can get the ultimate benefits of your program through the number of perks you get through partnered programs and alliances.
You may get status quickly if your travel needs are high. For instance, if you anticipate that you will travel a certain number of times in a particular time frame, you may get the status early.
Or a competing program may be willing to offer you similar status levels if your existing program already has status and you decide to switch programs. It’s all about communicating with the customer service representatives of your programs.