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.
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:
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.
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:
But how about the payments to recipients that don’t accept cards?
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 like CardUp however, 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.
Here’s how CardUp works:
In as soon as one business day prior to the payment due date, your credit card is charged for the payment plus a CardUp fee of up to just 2.6%.
Your recipients receive the funds by bank transfer on the due date.
Earn miles for every payment on your credit card!
The number of air miles that you earn by putting these expenses on your card can far outweigh the nominal fee that CardUp charges for your transaction.
As an example, here’s how you could fly to Shanghai or Perth on business class for less than half the price:
|Redeem||CardUp fee spent||Savings|
|4 return business class tickets to New York worth $28,000||$15,600 (2.6% fee)||$12,400 or 44%!|
|10 return business class tickets to Shanghai worth $32,500||$15,600 (2.6% fee)||$16,900 or 52%!|
This helps the business save on travel costs by leveraging their credit cards for these large, recurring payments that are to be made anyway!
What are you waiting for? Get started with us today!