âReward Points Gold Rushâ has Airlines, Hotels and Credit Card Companies Giving Away $50 Billion Each Year
With most CFOs not redeeming frequent flier miles or using credit card reward points to save on business flights, AlphaFlightGuru.com has published a new white paper with tips for using the right credit cards to lower business class travel costs.
San Bruno, Calif. (PRWEB) June 02, 2012
With about $50 billion worth of reward points given away each year by airlines, hotels and credit card companies, many businesses are not seizing opportunities to lower travel expenses by charging almost everything to the right cards. A new white paper from Alpha Flight Guru examines the best ways to earn and maximize the use of credit card reward points for business class travel.
“Many CFOs are spending more than $100 million per year on their reward-based credit cards,” Alpha Flight Guru CEO Tim Gibson said. “By choosing the best credit cards and redemption options they could potentially gain an additional $5 million in travel budget savings through the use of reward points and miles.”
According to Gibson, using credit cards has replaced flying as the No. 1 way to earn reward points.
Rather than waste the valuable assets on iPads or other gadgets, redeeming rewards for international first class and cheap business class tickets is the best way to maximize their value, he said.
“When you fly business class, the savings could be as high as five cents for every dollar spent on credit cards,” Gibson explained.
Copies of “Airline Reward Points Gold Rush: How to Gain the Greatest Return on Credit Card Points and Frequent Flyer Miles” can be found online at CFO.com and AlphaFlightGuru.com/cfo. Co-authored by Gibson and Alpha Flight Guru Director of Operations Chad Gibbons, the first paper in the three-part series examines the $3 trillion credit card industry and ways to earn and use reward points to save on company travel.
“Our research found that more than 70 percent of CFOs are not maximizing the number of points they could be earning,” Gibson said. “The strategic use of airline reward miles and points can become part of a company’s overall investment portfolio.”
Along with highlighting a four-step process for picking the right credit cards to earn the most rewards, the first white paper examines a variety of credit card point options including reward points cards, airline-specific branded cards, bank points reward cards and cash back cards.
According to Gibson, the best corporate credit cards for earning and redeeming airline miles are American Express and Chase Ink Bold.
He explains in the white paper that choosing the best credit cards and point redemption options can help companies save on travel spending. The best cards are selected by taking a close look at where the company travels to the most and how the business spends money.
After identifying an airline with a hub in the city employees depart from most often, choose the international airline the company uses the most. Then capitalize on promotions different credit card companies offer. Whether they spend money on office supplies, advertising, or gas and shipping costs, businesses can earn lots of rewards when expenses are charged to the right credit cards.
The second and third white papers in the series, which will be released in the next few weeks, will go into detail about optimizing the use of credit card reward points and saving on international travel.
AlphaFlightGuru.com provides access to deeply discounted international luxury flights. Through a combination of contract and consolidator fares, and redeeming frequent flier miles for client companies, AlphaFlightGuru.com saves its clients millions of dollars each year on luxury flights. With more than 30 years of experience in the travel industry, and access to exclusive deals, AlphaFlightGuru.com saves its customers money and time, and helps them fly in luxury on the world’s best airlines.
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebAlpha-Flight-Guru/business-class-travel/prweb9567798.htm