3 Money-Saving Tips for Frequent Flyers

Lockdown restrictions imposed during the pandemic forced people to stay at home. But as the world returns to normal and borders are opening up, more people are willing to travel. The numbers show that so far in 2022, there are already 3.4 million people booking flights, as reported by Statista.

With the prolonged period of lock down, those who have been itching to travel are taking the opportunity to go to places and do activities they have never done before. Countries like Paraguay are great for travelers as it is rich in culture and has beautiful scenery. But some people, like those in the Philippines, may have to apply for a visa before embarking on their trip. And the entire process may even begin to weigh heavy on your wallet. Aside from travel and lodging, you will also have to consider pocket money and other costs. So when flying, it is important to save when and where you can. Here are a few finance tips you should consider for your next trip:

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Book your flight in advance

While booking flights for urgent travel is unavoidable, finding the right time to purchase tickets when possible is advisable. Some people might think that buying tickets a year in advance will help them save money, but this isn’t always the case. The Points Guy says that you should start monitoring their prices at least 10 months before your planned trip.

Analyze their trends, whether the value goes up, down, or plateaus. This way you can make an informed decision when it comes to booking your flight. If the prices continue to go up, consider waiting for a while until they drop. If they go down, see if they will retail for a lower value so you won’t be spending more than you should have. Monitoring your flights and booking in advance will help you save more than you think you can.

Maximize the rewards from your credit cards

Another way you can spend less is by using your credit card more. While this sounds counterintuitive, it is a practice followed by lots of credit card holders. A post published on AskMoney outlines that the best credit cards reward frequent spenders. For instance, the American Express card gives users flight and dining upgrades depending on how often they use their card. Another card, The Chase Sapphire Reserve, gives users exclusive perks and deals at restaurants and car rentals.

You can also use your credit card abroad instead of having to carry cash around. As many countries are innovating toward cashless transactions, this will become extremely convenient in the years to come. Some people think that using credit cards will only get them into debt but there are wise ways to utilize them without owing money. Make sure to only spend what you can pay when the bills come around. Being smart with how you earn points will allow you to save with the rewards you get.

Become a frequent flyer at your usual airline

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The last way you can save on finances is by becoming a frequent flyer account holder for your chosen airline. This would allow you to accumulate points and receive perks that only frequent flyers get. Financial Management explains that many airlines give members access to a private lounge where they are given complimentary food and drinks. These areas are also comfortable so if you have a long layover or arrive at the airport early, you don’t have to worry about where you will be staying and how much you spend on airport food.

Some memberships also grant special credit cards which can accumulate points that can be converted into miles. Miles can be used to purchase plane tickets or upgrade seats. If you travel often, a frequent flyer membership can become the key to being able to save while still having certain exclusive luxuries. Just be sure to do your research on every airline to figure out which program is best for you and suits your needs.

The cost of traveling often may accumulate to a hefty price tag. So it is important to understand how to save so you have more money to spend on other luxuries and experience. These are just a few tips and tricks for frequent flyers to help them financially when going on a trip.