He flies business and first class — all on credit card points
For most travelers, flying in business and first class, especially on international flights, is a once-in-a-lifetime opportunity.
A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one.
As a result, these cabins are often booked by big-time business travelers, or the well heeled, including — to borrow a movie title — crazy rich Asians.
A Singapore-to-London economy class ticket on Singapore’s flag carrier, booked about six months in advance, costs 1,700 Singapore dollars ($1,303.68) for a round trip. A business class ticket jumps to SG$6,300, and a first-class ticket just over SG$13,000.
Admittedly, the difference can be smaller on shorter-haul flights. For example, a flight with the same conditions from Singapore to Tokyo Haneda airport can cost about SG$1,300 on economy class, just over SG$4,200 on business and SG$7,600 in first class.
Aaron Wong, who flies first and business class when he travels, says: “You don’t need to be rich to enjoy such things.”
Source: Aaron Wong
However, Singaporean Aaron Wong, a former management consultant who left his job in 2015 to set up the travel website The MileLion, said he flies about eight to nine business and first-class flights per year.
Some are regional flights, others are long-haul ones. But the best part? He flies almost for free.
A ‘best miles card?’
Wong said the key is to maximize points earned on his credit card expenditures, which are then converted to airline miles. However, it’s not as simple as just picking up any mile-earning credit card and spending a bunch of money, he said.
First, “there is no such thing as the best card,” he said. “It depends.”
Instead, Wong said so-called “miles chasers” should sign up for cards that match their spending habits.
He recommends having several credit cards that award “bonus” miles, covering a person’s main spending categories. One card may grant bonus miles for online purchases; a different card may do so for dining. Others may award extra miles for groceries or transportation.
Aaron Wong, in Singapore Airlines’ private “First Class Check-in Reception” area at Singapore Changi Airport.
Source: Aaron Wong
That can make a huge difference, he said, because a typical “bonus” rate in Singapore is 4 miles per dollar spent, more than the 1.2-1.4 miles on other credit cards.
“It’s kind of like different tools in the toolbox, right? You wouldn’t use a beer opener for wine. So if people wanted just one card … It’s kind of like trying to use a beer bottle opener to open every single kind of beverage out there.”
Wong said a $30,000 expenditure on a credit card earning 1.4 miles per dollar would earn one about 45,000 miles on Singapore Airlines — enough for a round-trip economy class ticket to Perth.
However, if one were to put the same $30,000 on several cards that give “bonus” miles, one could earn 120,000 Singapore Airlines miles, which could net a round trip to Cape Town in…
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