Triangle Trip

I already have the SPG AMEX, which I think is the best travel credit card out there.  You get 1 point/$1 for everyday purchases.  You get an additional 2 points/$1 for stays at SPG properties (W, Westin, Sheraton, Le Meridian, Four Points and more).  If you are Gold or Platinum SPG member, you get 3 points/$1 instead of 2 points for stays at SPG properties.  You can earn Gold status at SPG by spending $30,000 on the card in a calendar year.  A SPG night redemption runs around 10,000 points for a decent property.  So that’s about a $200 return for $10,000 spent on the card.  Not only that, the SPG AMEX allows you to transfer points to airlines miles at a 1:1 point to mile ratio, with a 5000 miles bonus for every 20,000 points transferred to miles.  So if you transfer 20,000 points to an airline mileage account, you would get 25,000 miles, usually good for a free domestic flight.  The card has an annual fee of $45 that is far less than the annual fees of airline cards, which run about $75-$100.  Lastly, I think SPG is the best hotel program out there and hotel points are far better than airline miles.

However, there have been 2 recent airline card offers that have been tempting, but not sure if its worth the hassle.

Firstly, the British Airways Visa Signature Card.  What’s so special about this card?  Well not much but the current promotion is probably the best signup promotion I’ve seen yet.  You get 50,000 miles for your first purchase on the card and then another 50,000 miles if you spend $2000 in first 3 months, which is easily doable.  That’s a total of 100,000 miles, which gets you 2 free transatlantic flights from the US to Western Europe in economy.  You also get a free companion voucher valid for 2 years for spending $30,000 on the card in a calendar year.  The downside of the card?  First, the annual fee is $75.  Also, personally I don’t ever fly British Airways and I don’t fly any of the airlines in One World, which includes American Airlines.  Star Alliance is probably the best airlines alliance out there especially now that Continental has defected over to them from Sky Team.

Speaking of Star Alliance, this brings me to the 2nd card on my mind: the Asiana AMEX from Bank of America.  You earn 2 miles per $1 spent on the card, which literally unheard of for airline credit cards.  Although the card has an annual fee of $99 this offset by the fact that the card offers an $100 annual rebate towards the purchase of Asiana Airlines ticket.  You also get a 10,000 Bonus miles Certificate every year in the month of your anniversary date of the card.  This is good towards a choice of an international or Korea domestic air ticket, a seat class upgrade or an excess bag allowance.  But its use it or lose it annually.  Also, there are a couple great things about Asiana Airlines.  First, as I alluded to before, Asiana is a part of Star Alliance, which consists of 25 member airlines such as United, Continental, US Airways, Lufthansa, BMI, Air China, ANA, and Singapore Airlines.  Below is the Asiana Star Alliance award ticket redemption chart:

This redemption policy also allows you to redeem a one-way ticket instead being forced to redeem a roundtrip.  Additionally, another great thing about Asiana is their favorable status qualification.  See my previous post about this.  Basically you just need 40,000 miles in 2 years to get Star Alliance Gold (Asiana Diamond).  This doesn’t have to be on Asiana but you can use any miles flown on Star Alliance partners for status qualification.  In contrast, you need to fly 50,000 miles with United in one calendar year to get Star Alliance Gold (United Premier Executive).  Recently, after hitting 1K with United, I’ve been banking all my United miles to my Asiana account.

So what’s the verdict?  If you are willing to deal with getting the BA Visa and then canceling after 3 months, the $75 annual fee is definitely worth the 2 round trip tickets to Western Europe.  If you fly Star Alliance frequently, especially to Asia, and don’t have any other credit cards with an annual fee, then I think making the Asiana AMEX your primary credit card is a great deal.  If none of these sound appealing enough, do look at the SPG AMEX.

Lured back from United’s EQM offer, I made Premier in May and finally received the Premier membership kit last week.  As part of EQM, almost everyone will have at least Premier status by early August (when United will calculate and give everyone double or triple Elite Qualifying Miles for their flights between March and June). EQM definitely came with a cost thought.

Unlike other airlines that will honor your previous year’s status until the end of February of the following year, UAL will only honor your status from the previous year until the end of January. Since I have flown 25,000 miles in 2009 (without EQM), I am qualified to be a Premier for 2010. Typically United will let me maintain my Premier status until the end of February 2011. However times have changed as you can see from the picture below:

For the Star Alliance fliers, this change may have some impact on your status if you are flying international. I am not a huge fan of US Air but The Coach has informed me that US Air still honors status until the end of February. If you’re an international flier and want a fast track to get Star Alliance Gold to access their lounges and save some money on bag checks, take a look at Statusmonger’s previous post to get Star Alliance Gold and Diamond for up to three years.

I don’t really understand the concept of banking airline miles on travel reward programs such as Asia Miles and Canada’s Air Miles. These programs seem like a consolidation of all your travel activities (miles, hotel stays, etc.) without the benefits from the airline or hotels. Another very minor advantage is you can also use your miles for other goods like travel gear and electronics, but many US airlines offer that type of redemption option.

What I am trying to say here is:  if you decide to bank Asian Miles on your Cathay Pacific flight from Hong Kong to Vancouver, you’ll only get Asian Miles but zero Marco Polo miles or benefits. I see the value in Asian Miles if you are flying all sorts of airlines throughout your life and want flexible redemption of miles/points. However, I don’t think you are getting the most out of the Asia Miles program if you only travel with one or two international airlines – say Cathay Pacific and ANA when you live in Hong Kong.

With the consolidation of US airlines and global alliances, all travelers should only need three frequent flier accounts to accumulate airline miles. Make sure your frequent flier account is on one of these alliances: Star Alliance, SkyTeam or OneWorld. Most of the major airlines in any country have membership with one of the alliances. For example, if you live in the Hong Kong, you will only need three accounts:  Cathay (OneWorld), China Southern or Korean Air (Skyteam), and ANA, Singapore Airlines or Thai (Star). You should bank all your air travel on one of the accounts. For redemption, you can easily book your flights on a member airline – i.e., use your Marco Polo miles to book a American ticket from Hong Kong to Chicago.

Once you have enough Marco Polo points in a year, you will get more benefits such as 25% to 100% more miles on every flight — something Asia Miles or Air Miles cannot offer. So forget the airline/hotel/car mileage consolidation programs and stick to an airline or alliance to make your miles pay off.