Earning 1 million frequent flyer miles with out taking a single flight !!!! A German entrepreneur claims to have found a way to buy 1 million air miles for as little as $6,500 Those air miles could translate into two first or business class trips on Etihad Airways from the United States to the Maldives, or up to five return first class trips to Asia on Singapore Airlines. Best part: he says anyone could do the same. The scheme, hatched by Torsten Jacobi, principal owner of Bluusun Media which runs travel deals website mightytravels, involves applying for credit cards that offer generous sign-up and spending bonuses and then buying gift cards with the credit cards, which you immediately liquidate back into cash. As long as you pay off your credit cards in full each month, that amounts to thousands of air miles for the price of the gift and credit card fees, which in his scheme amount to around $6,500 over the course of a year. MORE: Frequent flier miles: Cult of the obsessed Cards for miles It requires just two credit cards that most people will be easily eligible for and a couple of minutes of your time every day for a 12-month period, By using the Citibank Executive AAdvantage World Elite MasterCard and the American Express Gold Card, which offer generous sign-up bonuses and redemption benefits, and using them to buy $1,500-worth of gift cards each day, Jacobi says he is already 150,000 miles toward his goal of 1 million air miles. He has only researched the scheme in the United States so far, and you may need to register for an online payment system such as EvolveMoney.
Posted on: Thu, 19 Jun 2014 09:42:03 +0000
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