How flexible are
you when it comes to award travel
The big drawback
with frequent flyer programs is that the availability of award
seats is always limited and it’s often difficult to secure
seats during peak periods - usually the very time you want to
travel!
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Distributing Assets Via A Family Living Trust And Other Legal Documents
This shouldn’t
be of concern if you have some flexibility. But if you are
limited to traveling during peak periods such as school
holidays, this could pose a major problem. In this case,
consider using your reward points to “purchase” travel directly
rather than first converting them to frequent flyer miles. The
only disadvantage of this tactic is that it’s usually more
expensive, but you do get the advantage of increased
availability.
The way you
purchase your airline tickets, rather than exchange frequent
flyer miles, is to use the card’s “miles to cash” redemption
program if one is offered. Before you get too excited about
this option you should know that the average redemption rate is
somewhere around $.01 per mile.
At that rate,
the bargain $299 round-trip fare you saw on the internet will
require you to turn in 29,000 frequent flyer miles!
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