Start From Scratch, Get 2 Business Class Tickets Wherever You Want in 4 Months

I gave a talk recently to a high powered group of entrepreneurs. We talked about travel and frequent flyer programs, arbitrage, and choosing the right credit card.

And I realized when question time came that I sometimes assume too much. A gentleman sitting in the middle of the audience asks, ‘so if we’re just getting started and my wife and I wanted to book a trip using points from credit cards, how can we do that as quickly and easily as possible?’

That should have been the beginning of the talk, or its central focus. And I realized I had skipped over that entirely.

Get a Chase Sapphire Preferred Card and an Ink Business Preferred Credit Card. In fact,he and his wife should each do that.

    The Chase Sapphire Preferred Card offers 50,000 points after $4000 spend within 3 months, and another 5000 points for adding a no annual fee authorized user and making a purchase. Do that and there’s a minimum of 59,000 Chase points.

    The Ink Business Preferred Credit Card offers 80,000 points after $5000 spend within 3 months. Do that and there’s a minimum of 85,000 Chase points.


Singapore Airlines New Airbus A380 Business Class

Sure that’s $9000 spend in 3 months, or $3000 a month, I explained during my talk how to easily hit that spend.

If they each follow the advice they’ll have 288,000 points to spend in about 3 months. That’s enough for the two of them to choose a trip from:

  • Transfer miles to United, fly business class roundtrip to Europe.
  • Transfer miles to United, they’re within 12,000 of two roundtrips business class to Asia
  • Transfer to Korean Air, that’s more than enough for 3 business class roundtrips to Europe on Air France or KLM
  • Transfer to Korean Air, that’s enough for 9 coach roundtrip tickets to Hawaii on Alaska Airlines
  • Transfer to Korean Air, book 2 business class roundtrips to Asia
  • Transfer to Virgin Atlantic, book 2 first class roundtrips to Japan on ANA
  • Transfer to Southwest and redeem for nearly $5000 in airline tickets
  • Transfer to Hyatt and book 11 nights at the Park Hyatt Maldives


Park Hyatt Hadahaa, Maldives

Of course it doesn’t stop there and what you do with the points depends on the trip you value most. Airlines used to give you 5000 miles when you drained all the points in your account, they were so afraid that if you used up all your miles you’d have no reason to stick with the program.

They stopped doing that because they learned that people don’t walk away after using all their points. They learn how valuable collecting them was in the first place, and their points accumulation speeds up rather than stopping. It becomes easier, you notice points opportunities everywhere, and soon you’re earning points as fast as you can spend them.

All it takes is getting started.

Chase Sapphire Preferred Card
Ink Business Preferred Credit Card

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. @garry @ Readers
    Can my kids get these premium cards?
    18 and 1 month with 2 credit cards and 3 a/u accounts each, both make $15k from me and go to school with a healthy 800’ish FiCo

    After they got $1500 and $2k from discover & amex I’m now thinking they can apply now and not wait to build for a year.

    I thought $500 would be max like my first card years ago.

    Also the $16k isn’t a issue, we are doing renovations, I will just charge the cards then pay in full.

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