You may have heard the term 'Travel Hack' or 'Travel Hacking' before and wondered what it was all about. Well, the meaning of travel hacking is actually even better than it sounds.
Basically, travel hacking encompasses everything to do with how to travel as cheaply as possible, and in particular using frequent flyer miles and hotel points to cover the cost of anything from flights, car hire, to hotels and even package holidays.
How do you get these miles and points?
Well, credit card sign up bonuses for one. One of the best in the UK right now, is the American Express Gold Rewards card. This gives you 20,000 bonus Membership Rewards points if you spend £2,000 within 3 months. It's free in the first year (£140 thereafter - but you can cancel before you are changed).
If you use my referral link here, you will get an extra 2,000 Membership Reward points, bringing your total to 24,000+ MR points if you hit the spend target. I value Membership Rewards points at around 1p per point, meaning you could have around £240+ in points within 3 months. Membership Reward points are very flexible too, you can transfer them to several hotel and flight partners, including Hilton, British Airways Avios, and Amazon at various rates.
I'll write a separate article on the ins and outs of Membership Reward points soon, and the additional benefits of having an Amex Gold card, like lounge access and access to promotions such as ShopSmall.
Anything else I should know?
Travel hacking encompasses how to best spend those rewards you earned, for example, a hotel might cost 50,000 points/night, but if the cash price for that night is only £100 it means that you're only getting 0.2p per point... whereas it's entirely possible to find hotels for 10,000 points/night that would have cost £60, which means you'll be getting 0.6p per point - 3x better value.
Sometimes saving up points can be good too, you can find hotels that go for £750/night for 95,000 Hilton Honors points, for example, giving you roughly 0.78p per point which is much better than what they're worth on average (less than 0.4p).
Travel hacking is also about maximising the benefits you receive and how to get upgrades consistently etc. There are other tricks to the trade which help you build up points and miles faster such as mattress runs, manufactured spending and more, which I'll cover in future articles.
Okay, that all sounds great but does it actually work?
Check out my recently booked trip to the USA & Canada where we saved over £2000 on our 10-day holiday and judge for yourself!
Note: I do not endorse any financial product, such as credit cards or similar, that appear on this website. If you decide to sign up for a credit card you are doing so solely at your own risk, so please be responsible.
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