Flying for work can be tiring at times. With packed schedules and meetings planned throughout the trip, it is no wonder most businesses opt for a business class flight for their employees, giving them the proper rest they require – and this wouldn’t come cheap, especially for long-haul flights.
But what if we told you there was a way to get affordable business class tickets for your company? Yes, this isn’t a trick – you and your colleagues may never have to take an economy class flight ever again.
Here’s how you do it
The solution lies in frequent flyer miles and the fact that many credit cards allow you to earn miles on all your card spend. We’re not suggesting you start spending additional thousands of dollars a week, but to use your credit wisely and for regular business expenses that you might not actually know that you can use your credit card for.
It’s not complicated and in fact, can be broken down into a few simple steps:
Step 1: Find the card that gets you the most rewards
There are many air miles credit cards available and you’re probably wondering which one would be the best for you. To get the most out of every dollar you spend, look for credit cards that offer the most number of air miles for every dollar spent.
To make it easy and fuss-free, use comparison sites likeMoneySmart,BankBazaarorSingSaver, which allows you to choose the best card that fits your spending needs.
Step 2: Put all your relevant business expenses on that credit card
Start going cashless as soon as you can. Take advantage of those air miles to earn rates by consolidating all your business expenses that you’re already making onto that specific credit card, racking up miles as quickly as possible. For most businesses, this would mean payments like:
Travel and transportation spend
Online subscription services
Third party media and advertising spend
But how about the payments to recipients that don’t accept cards?
Step 3: Now put your expenses that you can’t pay by credit card onto your credit card
All businesses also have regular payments that cannot be made by credit card - these are usually your main overheads and are significantly larger and recurring in nature. These include your rental, payroll, supplier invoices and more - and they need to be made via GIRO, cheque or bank transfer. This prevents us from being able to take advantage of the credit card rewards that we’re so used to.
With a platform likeCardUphowever, you’ll be able to make these payments through your credit card - your recipient doesn’t even need to know as they’ll simply receive the payment as a regular bank transfer. It is really easy and can save you a lot of time and money by allowing you to schedule your payments in advance, earning you air miles as you spend. Now you can increase your credit card spend without having to spend more money than you already do.