SALT LAKE CITY (PRWEB) June 07, 2012
With airlines, hotels and credit card companies giving away $50 billion worth of reward points each year, travel experts at Alpha Flight Guru launched a series of new white papers to explain how business owners save thousands of dollars on company travel by having the right credit cards and using those cards for the products and services they buy the most.
The first white paper highlighted ways businesses can earn as many rewards points as possible while redeeming points for business class travel to generate the highest return on the dollar.
Many business executives view the earning and use of credit card reward points as a hassle, missing opportunities to shave millions of dollars from their business class travel costs, Alpha Flight Guru CEO Tim Gibson said.
Businesses that fly business class, which use the right cards and take advantage of the many promotions credit card companies offer, may generate a 5 percent return in travel rewards.
“Companies that use rewards-based cards to charge more than $100 million per year could earn $5 million in travel rewards,” Gibson explained.
He referred to the scenario as the “airline reward points gold rush.” Alpha Flight Guru specializes in helping businesses redeem credit card points and frequent flier miles for cheap business class and first class flights.
Selecting the right credit card to earn the most points is challenging for any business. American Express and Chase Ink Bold are two of the best corporate credit cards for earning and redeeming rewards points, said Chad Gibbons, director of operations for Alpha Flight Guru.
“The white paper details our four-step process for selecting the best cards based on where you travel the most and how you spend your money,” Gibbons added.
Step One: Pick Airlines With Hubs in a Nearby Departure City
Select a domestic airline credit card based on airlines with hubs in the company’s primary departure city. If there isn’t a hub in the departure city, consider the arrival city company officials visit the most.
Step Two: Pick an International Airline
For companies doing lots of international business, step two should be a primary focus because international travel is more costly than domestic. Base the credit card choice on airline alliances, not the most dominant airline in the airport closest to the business. This may require traveling to a different hub city, but could save thousands of dollars on the price of a ticket. Consider all alliance partners and their places of service when selecting a credit card based on international destinations.
Step Three: Take Advantage of Promotions
Determine where the company spends the most money. Some credit cards offer additional reward points for specific purchases including office supplies and advertising.
Step Four: Pick the Right Card
Once the best airline and airline alliance is determined, select a card that provides the highest return on the dollar. American Express and Chase Ink Bold are among the top credit cards for businesses and offer many options for redeeming points for travel.
“Your credit card rewards points are extremely valuable assets and should be redeemed for luxury flights and hotels to maximize their value,” Gibson said. “Don’t waste points buying pricey iPads and other overpriced gadgets. The biggest return on spending using points is on international first and business class flights.”
The second and third white papers in Alpha Flight Guru’s new series are scheduled to be published in the next few weeks at CFO.com. The papers will explain ways to optimize the use of credit card reward points and save 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 and credit card points 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.