This content comes from @What's worth buyingAPP, and the views only represent the author's own |Author: Chic fireworks
Today is another small class on the basic knowledge of pyrotechnics.
The first two days of the drought was a long drought, and finally everyone once again had the motivation to spend by card, but many whites said that they couldn't understand the way to play the mileage, so today fireworks will come back to the old business as a teacher, and give you a talk in simple terms.
*This article only explains how to earn airline mileage by credit card, and other ways to earn mileage are not covered at this time.
Table of contents:
What is the mileage
The role of mileage
What does mileage redemption ratio mean?
Combined points or co-branded points
Mileage accrual is a small ninety-nine
What does data interaction mean
The profit of playing mileage is not high
The most popular airline mileage
▶ What is the mileage
It is the "points" under each airline's own membership system, which can be accumulated in various ways such as taking flights, staying at airline partner hotels, and spending with credit cards.
For example, if you take a flight, you may earn 1,000 "Tier Miles" and 2,000 "Redemption Miles", for a total of 3,000 miles.
These 3,000 miles can be used for consumption, but only "Tier Miles" can be used to complete the upgrade and maintenance of members.
All mileage converted from credit card consumption mentioned in this article is "purchase mileage" and cannot be used for upgrading or maintaining a grade.
▶ The role of mileage
Of course, you can use it to exchange for rice, after all, the emperor is big, and the child is hungry, what can you do.
There is no doubt that it is a blood loss to use mileage on all kinds of rice, flour, grain, oil, pots and pans, and family planning supplies, and few people are saving miles for these things, and the most valuable use must be used to exchange for air tickets.
For example, you can exchange 12,000 Air China miles for this Hangzhou-Shenzhen one-way ticket priced at 763 yuan, and you can also use the 12,000 miles to exchange for 40 catties of rice in October paddy fields.
Pyrotechnics is just a casual example, and how valuable the miles are depends largely on the person who uses it.
It's like a fish that only has an approximate market price when it is caught, but it is not until it is made into a West Lake vinegar fish that it dies in vain.
The market in the secondary market can be roughly referred to as follows:
Based on this quota, you can decide whether to redeem miles for tickets or buy tickets directly in cash.
As for the veteran drivers, they often play the mileage according to different postures such as flight distance, off-peak season, and partners.
However, the basic knowledge must be learned little by little, and the first thing you need to do before studying the Edo Forty-Eight Hands is to become a qualified missionary.
There is also a major prerequisite for mileage accumulation and redemption, which is to register as a member of the corresponding airline.
▶ What does mileage redemption ratio mean?
The phrases 10:1, 12:1, 25:1, and 48:1 refer to the ratio of "bank points: airline mileage".
10:1 means that for every 10 bank points, you can redeem 1 airline mileage.
▶ 综合积分 or 联名积分
Currently, there are two different types of credit card points converted into airline miles:
✔ Comprehensive points
✔ Co-branded points
The advantages of comprehensive points are -
There is no need to apply for a co-branded card of the corresponding airline, and the comprehensive points accumulated for daily consumption are more flexible.
Even if you don't need miles, you can change the annual fee, rice, and so on.
However, the disadvantage is that the proportion of comprehensive points to airline mileage is poor, and the bank is easy to remove the mileage redemption of a certain airline without agreeing with each other.
The advantages of co-branded points (co-branded cards) are -
For example, the exchange ratio of China Eastern Airlines co-branded platinum cards is 12:1, but the ratio of comprehensive points to China Eastern miles is 25:1.
In addition, the points of the co-branded card can usually be automatically transferred to the corresponding airline, without manual operation.
The disadvantage is that the co-branded card can only accumulate mileage from a single airline, and the China Eastern Airlines co-branded card cannot accumulate China Southern Airlines mileage, which is not as flexible as comprehensive points.
It should be noted that the comprehensive points and co-branded points of each bank are separate points pools, and the points that are brushed will not be included in the co-branded points pool of China Eastern Airlines, and the points that are brushed by China Eastern Airlines White will not accumulate comprehensive points.
▶ The little ninety-nine of the co-branded points
For large mileage demanders, co-branded cards are undoubtedly a better choice, so when choosing a co-branded card, the most important indicator is naturally the accumulation ratio.
However, the "accumulation rules" vary from bank to bank, so even if the ratio is the same 10:1, there will be discrepancies in the actual accumulation.
At present, the two main accumulation methods are:
Single real-time carryover: Each purchase will be carried forward according to the amount of the transaction, and the points will be directly transferred to the joint account.
When you interact with the airline's data in the future, you can directly synchronize the points in the joint account to the airline 1:1 to get the same number of airline miles.
Monthly carryover: Each purchase will be directly transferred to the joint account based on the amount of the transaction.
When interacting with the airline's data in the future, it will be synchronized to the airline according to the accumulation ratio, and then it will be rounded up to the airline to accumulate airline mileage.
Take a 10:1 ratio to explain -
Assuming that a single consumption is 9 yuan, then according to the calculation method of a single carryover, 9/10=0.9 <1, the transaction will not accumulate co-branded points, but according to the monthly unified carryover, the transaction will be +9 points in the co-branded points pool.
Assuming a single consumption of 19 yuan, then according to the calculation method of a single carryover, 19/10=1.9, after rounding directly, the transaction will be +1 point in the co-branded points pool, but according to the monthly unified carryover, the transaction will be +19 points in the co-branded points pool.
If there are only these two transactions in the month, the former will only have 1 airline mileage, while the latter will have (9+19)/10=2.8, and the airline mileage will be 2 after rounding.
So even if it's the same princess, it's two different things in Disney or KTV, and it's the same 10:1 accumulation ratio, and there are differences between different bank co-branded cards.
However, this difference only has an impact on cardholders who have a large number of daily small transactions, and for those who have a single transaction of thousands or tens of thousands, the error is negligible.
After all, if you can have this kind of economic strength, then the princesses of Disney and KTV... It can also be no difference.
Pyrotechnics has made a simple statistic based on the banks I know so far for your reference.
Banks carried forward in a single transaction: Shanghai Pudong Development Bank, Zheshang Bank.
Banks carrying forward monthly: Bank of China, China Construction Bank, Bank of Communications, Agricultural Bank of China.
Friends are welcome to supplement the measured data.
▶ What does data interaction mean
The process in which the bank synchronizes the points from the cardholder's co-branded card points pool to the airline and converts them into the corresponding airline's mileage is called data interaction.
The biggest significance of understanding the data interaction time of different banks is -
First aid.
If you want to redeem a ticket and there are still 2,000 or 3,000 miles left, you can quickly replenish it according to the data interaction time of your existing co-branded card.
If you are still 1,000 miles short of the ticket you want to book today, and your bank statement date is tomorrow on the 26th, and you have a 10:1 Shanghai Pudong Development China Eastern Airlines co-branded card, then you can swipe 10,000 yuan today.
In this way, when the day after tomorrow on the 27th, when SPD and China Eastern Airlines interact with data, you can get 1,000 China Eastern Airlines miles.
The event page of China Eastern Airlines on that day gives a reference:
▶ The profit of playing mileage is not high
In fact, playing mileage is usually like a flash in the pan.
Even if the ratio of 10:1 is good enough, to accumulate the most valuable China Eastern Airlines worth 700 yuan per 10,000 miles, then the proportion of blood return is only 0.7%....
At present, a large number of cashback cards can achieve 10% in specific scenarios and 1% for daily consumption.
So... Why do the bigwigs still play mileage?
This is the phrase that fireworks often mention -
Xiaobai only looks at the proportion, and the big masturbation ratio only looks at the upper limit.
Although the 10% cashback is high, it will only be 100 rebates a month, and the 1% ratio is not low, but the upper limit of a month is 200 instant reductions.
Monthly consumption of 1000, at most 20000 overflows, and the consumption power of the big masturbators, 2W is just the starting price of a single transaction...
Although the caviar peony shrimp is delicious, it is limited, and the beef sweet shrimp salmon can make up for the empty appetite of the big guys.
The other is the hidden gameplay of the stacking event -
For example, the Bank of Communications' recent spring consumption standard cashback, the Agricultural Bank of China's monthly special invitation of 135,000 consumption standard cashback, etc., can be participated with a co-branded card.
Not only do you not delay in exchanging co-branded points for miles, but you can also participate in activities to get instant discounts, and you can live up to your promise.
▶ Why China Eastern mileage is so popular
China Eastern Airlines' mileage has two major characteristics: rolling validity + cost-effective redemption for business class.
As long as there is a change in mileage within 36 months, the validity period of all mileage can be extended for another 36 months, which is not considered permanent.
In addition, China Eastern Airlines is also very generous with the issuance of tickets for business class, and the mileage required is often less than twice that of economy class.
Take Hangzhou-Beijing as an example, you can redeem 12,000 miles for economy class, and you only need to add another 4,000 miles to redeem for business class tickets.
This is also a 332 wide-body aircraft that can lie flat, and you can also enjoy ground services such as China Eastern Airlines' two-class lounge to eat the legendary bowl of noodles of China Eastern Airlines.
Just like the 398 SPA plus clock is only 98, the 4000 miles should not be too worthwhile.
On the same day and on the same route, Air China's economy class is also 12,000, and the business class is directly displayed as non-exchangeable, while the minimum for Hainan Airlines' economy class is 8,889, but the minimum for business class is 20,000.
High and low standing court.
If you are lucky enough to grab the business class of China Eastern Airlines' international flights, it will be even more valuable.
For example, the cash price of business class in Shanghai-Paris is 21,000+, and the mileage redemption only needs 135,000 miles.
The value of each 10,000 miles is more than 1,500 yuan! How many people have swiped their cards for ten years, isn't it just to save a hope for the international business class of China Eastern Airlines?
Not only can you accumulate a small amount of money to stock up on a dream of traveling around the world, but you can also choose to cash in directly, and China Eastern Airlines mileage has naturally become everyone's favorite.
That's the end of today's content, and I can see that the friends here are really eager to learn.
The author declares that there is no interest in this article, and friends are welcome to communicate rationally and discuss harmoniously~