They pay no credit card interest, have a good credit rating, and enjoy multiple free international and domestic flights each year – usually in business or premium economy – and the data is there to prove it. These are the frequent flyers in Australia’s business community who have mastered the use of rewards cards and have point-hacked their way to meeting their travel goals.
Point Hacks, an independent platform for one of Australia’s largest communities of airline rewards experts, can now share how these savvy business owners do it. It surveyed 320 of its business owner members to learn their credit card habits, and the rewards those habits earn them.
Point-hacker business earn multiple free international and domestic flights a year
The survey reveals that 71 per cent of business owners use their frequent flyer points to take at least one international flight a year, while 60 per cent take one or more domestic flights on points a year. The majority also get premium class seats on points: 72 per cent have booked at least one business class or premium economy flight a year.
The business community recognises that flights are the best value redemptions, as only 20 per cent have used their points for hotel stays, 12 per cent spent for gift cards and five (5) per cent used for technology items.
The 8 successful credit card habits that are rewarding Australia’s business community
The survey also revealed just how this business community is reaping its travel rewards: clever use of rewards credit cards.
“Business owners are at an advantage when it comes to earning points through credit card spend, as there are many cards that are made for business in mind,” Point Hacks spokesperson and frequent flyer expert Daniel Sciberras said.
“When choosing the credit card for you, it pays to look at the points earn rate. You should aim for at least half a point earned per $1 spent. You can also narrow down the options by seeing which cards offer bonus points when signing up.”
Point Hacks’ top 4 points-earning cards for business owners are AMEX Qantas Business Rewards, NAB Qantas Business Signature Visa, American Express Platinum Business and Westpac Altitude Business.
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