Do you know how to earn miles on your credit card? If your answer was "no", you're not alone. More than 2 billion reais are wasted every year in Brazil because points and miles expire before they can be used.
Look at the loss! That's because many people don't even know they're losing money because of it. Don't be one of them... Points and miles are a good way to earn extra income or save on travel and products.
Whether you're buying a fridge or warm bread at the bakery, you can earn miles on your credit card. That's right! When you make these and other purchases, you collect points that can be turned into air miles.
Like the idea? Then read on and see step-by-step how to earn miles on your credit card.
1. Check the benefits of credit card miles
First of all, you should check with your credit card company. Each bank, brand and category of credit card has different rules and benefits. Keep an eye on these three main aspects:
- Here's how points are converted into miles. On most cards, the conversion is equivalent to one mile for every dollar spent. But there are some, especially intermediate and high-income cards, that offer more. Remember that the dollar is used as a reference, but purchases can be made in reais.
- Check the expiry date of your points to prevent them from expiring.
- Check if your credit card has a partnership with the airline's frequent flyer program.
You can find this information in the "Credit Card" section of your Internet Banking, by calling your bank's call center or by speaking directly to your account manager.
The service can be done over the phone or at your branch, if you prefer to talk in person. We've also detailed some information that may help you here.
2. Check your registration in the loyalty program
For most credit cards, when you acquire the card you automatically start earning credit when you make purchases. And when you pay your bill, you receive a bonus equivalent to all your spending in the previous month.
Even so, it's worth checking this information. This is because, if you have to register beforehand, it's only after this procedure that you'll be able to collect those coveted points.
Check your balance
To keep a close eye on the evolution of your credit card points, access the consultation available on the banks' websites and apps or see the information on your invoice.
3. Where to transfer your points
This is a very important step. It's time to sign up for one of the miles programs offered by airlines In Brazil, the main ones are: TudoAzul (Azul), Smiles (Gol) and Latam Pass (Latam).
It's interesting to concentrate your miles in one or, at most, two programs. That way, the more you accumulate, the more you earn in a shorter period of time. After all, you don't want to wait forever and let your points expire, do you?
If you are already loyal to an airline when you fly, it may be better to choose that airline's program. If you don't have any preferences, look for the frequent flyer program of the airline with the best conditions for your needs.
4. Keep an eye on promotions
Other factors that can be decisive in optimizing accumulation are bonus promotions for transferring points to the companies' loyalty programs. You can find details of these promotions on the programs' official websites and information channels.
These promotions usually last one to three days and are always a great opportunity to transfer.
5. Use your credit card to your advantage
Organize your finances by using your credit card to your advantage. Many people prefer to spend everything on debit, especially small purchases such as a supermarket item, a snack or just a few sweets.
But when you use debit, you don't earn points. So it's worth centralizing your spending on your credit card, always keeping track of your spending so that you can accumulate many more points.
So we're talking about a small change of habit, but one that could make a huge difference to your life. So don't be afraid! With moderation and good financial planning - so that your bill never exceeds what you can afford.
6. Turn your points into miles
It's not enough to just collect the points on your credit card and leave them there. In order for them to turn into miles and actually be used as extra income, you need to transfer them to the frequent flyer program of your chosen airline.
This process is quite simple, but each financial institution does it differently. Below we present the process at the country's main banks. Find yours and see how to proceed.
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Source: Blog das Milhas
