Pay with Miles, Investing, and Credit Cards
Posted by
on November 5, 2009
We’re planning a big family vacation for next summer. Scott, me, the kids, and my parents are all headed to Seattle for a friend’s wedding. We decided to make a week out of it and make it a vacation.
Gone are the days when Scott and I could book 2 tickets on Northwest with our miles in under 10 minutes. Have you ever tried to coordinate booking 7 plane tickets using frequent flier miles from 2 different accounts for 4 tickets, getting reasonable prices for the remaining tickets, getting good flight times for traveling with 3 kids ages 3 and under, and getting decent seating for traveling with a lap baby? Don’t forget to throw in the Delta/Northwest merger of our frequent flier miles, and all of a sudden, booking the flight got really complicated.
Luckily, I discovered Delta’s “Pay with Miles” program. While the conversion ratio isn’t that great, it looks like a cheaper option than using miles outright for the dates we need. You need to have one of the American Express Delta cards to use the Pay with Miles program:
We each applied for a card, since you get 25,000 bonus SkyMiles after the first purchase (good for $500 off with the Pay with Miles program for 2 cards). After we get our new cards, even after paying the annual fee, it should make booking our trip much easier… and cheaper!
Do I have to fly 25,000 paid miles on Spirit and pay annual fee to get a “free” ticket on Spirit?
There are definitely a lot of really nice airlines credit cards out there but I personally prefer to just use my cash back credit card because it sometimes just makes things so much simpler and I can use the cash for whatever I want.
It’s worth ALWAYS spending your miles within a year. Don’t let them expire. It’s like the time value of money. Use it, or watch hit’s value disappear.
Last year my sister and I pooled our miles and a friend of our brother donated miles and we were able to bring my niece and her family for a visit from CA. My niece was in a serious car accident and was very depressed so we thought a visit would cheer her up.
I was on the phone with USAIR for almost 90 minutes, but the woman I was working with was on the ball and anticipated our every need. It was a very difficult task to source non-stop or only one-stop flights where we could make seating arrangements and have my niece’s special needs handled. I had no idea that I would be so emotional planning a trip, but I was in tears at the end of the phone call.
I hope everyone gets a chance to USE their miles, but if you don’t need them, consider donating them to your favorite charity. It did us ALL a world of good to have the whole family together. Instead of making trips to see her, we’d been sending money for her multitude of expenses.