Ride the dollar: This is the summer to travel to Europe

#travel to europe
#

Like this topic? You may also like these photo galleries:

The new two-day Barcelona Card Express includes free metro and bus rides and discounts on popular attractions such as Antoni Gaudi s Basilica de la Sagrada Familia. (Photo: David Ramos, Getty Images)

5187 CONNECT TWEET 159 LINKEDIN 3 COMMENT EMAIL MORE

BARCELONA—Cathie Golden takes a European vacation each year with her sister Barbara Needham and their children.

This year they chose Barcelona and Madrid. For the first time in more than a decade, the euro is almost equal in value to the dollar, making Spain and other European cities more affordable to Americans than even some domestic destinations.

“We’ve been shopping up a storm because of it,” Golden says, showing off a new pair of sneakers. “Here you’re just throwing money around.”

The family stop into the Hotel Colon in the Gothic Quarter for drinks. They are surprised when two glasses of white wine and a beer cost as much as one drink in a New York City hotel. Their train tickets to Madrid are less than seats on an Amtrak train from New York to Washington, D.C. A 15-minute cab ride to the beach is 10 euros.

Golden, who lives in the New York area, has good reason to throw money around. TripAdvisor’s TripIndex Europe, released last week, found that travel expenses for popular European destinations have dropped an average of 11% year-over-year. Travelers will be able to save as much as 25% on their summer trips.





03/12/2017

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Sand Dollar Realty Group 90% and 100% commission split broker Realtor


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ATTENTION REALTORS: Are you looking to work with a brokerage that will allow you some flexibility and creativity? Do you need a breath of fresh air from the name brand corporate outfits? We offer generous commission splits and lots of extras.

ATTENTION INVESTORS AND BUILDERS: Do you have a real estate license? There is a reason we are known as the “investor friendly” Realtors. Learn to be your own best customer and with a great commission split.

Does your broker provide all this to you for these great commission splits? Attend one of our Sales Meetings (2nd Wednesday of every month 10am-12pm) or have a private interview with Managing Broker to find out more.

Charitable Gifts of Life Insurance, Planned Giving Design Center, million dollar


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Charitable Gifts of Life Insurance

Summary

A few years ago, insurance advisers Michael Brink and Bryan Clontz wrote an article for the Planned Giving Design Center that discusses ten creative charitable uses of life insurance and their tax implications in planned giving. It has now been updated for current law, so we thought you might enjoy taking another look.

Revised: February 26, 2008

It seems like all the recent news about charitable uses of life insurance has only been one thing? BAD! From the 1980s version of vanishing premium universal life, which caused a substantial amount of planned giving expectancies to vanish, to the more recent charitable reverse split dollar fiasco that Congress chose to eliminate, life insurance has become the black sheep of planned giving vehicles. While the life insurance product itself is not inherently inappropriate, the flexibility of the product has allowed many to stretch the product to the edge. The many traditional uses for life insurance that can benefit both the charity and the donor are often lost in all the bad press.

Life insurance is an excellent tool for making charitable gifts for a number of reasons. Life insurance provides an “amplified” gift that enables you to purchase immortality on an installment plan. Through a relatively small annual cost (the premium), a benefit far in excess of what would otherwise be possible can be provided for charity. This sizeable gift can be made without impairing or diluting the control of a family business or other investments. Assets earmarked for family members can be kept intact.

For example, a 50-year old committed to giving $5,000 annually for 10 years could leverage the $50,000 gift into a $360,000 gift. A second-to-die, or survivor life policy, adds even more leverage. A 50-year old couple could make a gift of $800,000 with the same $5,000 annual commitment. (Assumes 50-year old(s), preferred non-smoker(s) using variable life policy earning 10% gross return.)

Keep in mind that using a traditional permanent life insurance contract will generally yield a 6% to 7% internal rate of return to life expectancy on premiums paid.

Life insurance can be a self-completing gift. For a donor committed to making annual gifts, a portion of the annual gift can be directed to an insurance policy guaranteeing the continuation of that gift in perpetuity. If the donor becomes disabled, the policy can remain in force through the “waiver of premium” feature (if elected). This guarantees the ultimate death benefit to the charity and, in some cases, the same cash values and dividend build-up that would have been earned had disability not occurred. Even if the donor dies after only a few premium payments, the charity is assured a full gift. The death proceeds can be received by the designated charity, free of federal income and estate taxes, probate, and administrative costs, and without any delay, fees, or transfer costs.

Large gifts to charity are less subject to attack by heirs because of the contractual nature of the life insurance policy. The death benefit is guaranteed as long as premiums are paid. This means that the charity will receive an amount that is fixed (or perhaps increasing) in value, and not subject to the potential downside of volatile market risks as in securities.

There are a number of methods for including life insurance in a charitable gift plan.

  1. Make an absolute assignment (gift) of a life insurance policy currently owned, donate a new life insurance policy, or have the charity purchase life insurance on the donor’s life and pay the annual premiums (assuming insurable interest and state law permits). Each of these allows a current income tax deduction.

  • Use of dividends from existing policy. Assign all annual dividends to charity. This eliminates out-of-pocket contributions, yet still creates a deduction as dividends are paid. Amplify the gift by having these dividends purchase a new policy of which the charity is the irrevocable owner and beneficiary.

  • Name a charity as the primary or contingent beneficiary of an existing or new life insurance policy. Although this will not yield a current income tax deduction, it will result in a federal estate tax deduction for the full amount of the proceeds payable to the charity, regardless of policy size. This can be particularly applicable in situations where there is only one logical beneficiary, or where insurance is used to fund a supplemental retirement benefit and the death benefit is of little importance to the insured.

  • Group term life insurance can also be used to meet charitable giving objectives. By naming a charity as the beneficiary of the group term insurance for coverage over $50,000, a donor can not only make a significant gift to the charity, but also avoid any income tax on the economic benefit for the amount over $50,000 (Table I or P.S. 58 rates are IRS published schedules that specify the employee’s “economic benefit” per $1,000 of coverage for employer-provided group term life insurance). While the initial $50,000 could also be given, no income tax deduction would be generated.

  • Most estate planning techniques become even more effective when coupled with other techniques. By giving appreciated long-term capital gain property to the charity (e.g., stocks, real estate, mutual funds, etc.), the donor avoids capital gains tax and receives a deduction for full-market value (with notable exceptions). Using this cash to then fund a life insurance policy provides even more leverage, creating an even larger gift.

  • Perhaps one of the most popular ways to utilize life insurance in charitable planning more indirectly is through “wealth replacement.” In this situation, life insurance makes it possible for a donor to make an immediate or deferred gift of land, stock, or other property while still providing an acceptable family inheritance.

  • While life insurance is most commonly thought of only as a wealth replacement vehicle for CRTs, it can also be used as a funding asset inside the CRT in certain situations where it serves the following purposes.
    • The life insurance death benefit can substantially increase the remainder value of the trust, thus providing a larger gift to the donor’s selected charities when the trust terminates.

  • In a two-life unitrust scenario, life insurance proceeds can “balloon” trust corpus when the first income beneficiary dies, creating a much larger income payout for the surviving income beneficiary.

  • The donor is able to make partially tax-deductible premium payments for a personal insurance need.
  • For example, assume Mr. Donor establishes a net-income unitrust with a make-up provision (NIMCRUT) that will pay 6% per year for the lives of Mr. and Mrs. Donor. The trust is funded with property valued at $1,000,000 that is generating $60,000 of annual income. Under the typical CRT scenario, Mr. and Mrs. Donor will receive payments from the trust of $60,000 per year for life (6% of $1,000,000). Upon Mr. and Mrs. Donor’s death, charity will receive the $1,000,000 remainder value.

    (March 31, 1992) and

    (August 7, 1987), the IRS approved the payment of premiums by the trust under the following circumstances.

    • The trust was established as an income only unitrust.

  • Premium payments would come from principal only, and never from trust income.

  • Cash value withdrawals or dividends would be treated as principal and not income.

  • Nothing from the policy would ever be paid as income to the income beneficiaries.
  • The same double tax situation discussed for qualified plans also exists for non-qualified or supplemental retirement plans. These have become especially popular as a method of offsetting the limitations imposed on the more traditional qualified plans. Supplemental executive retirement plans (SERPs) are company paid plans while non-qualified deferred compensation plans (NQDC) are commonly used to allow executives to defer funds over and above the 401(k) limitations.


    22/09/2017

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  • Europe Travel Deals: With Euro Weakening, Americans Can Travel For Cheap

    #euro travel
    #

    Europe Travel Deals: With Euro Weakening, Americans Can Travel For Cheap As Dollar Exchange Rate Drops

    The dropping euro and a more valuable dollar mean that Americans can get more euros to spend on what’s most important: European beer. Reuters/Ints Kalnins

    Seeing the Mona Lisa is a better deal now than it has been years. Americans and other foreigners can expect to land cheap trips to continental Europe over the next few months after the euro hit its lowest since March 2006 on Monday. That means Americans could get hundreds of more euros for their dollars than they did just a year ago, according to travel professionals.

    “The euro is down about 10 percent to 15 percent from where it was most of 2014, so it’s an instant discount for those of us with U.S. dollars,” said Roger Wade, founder of Price of Travel. “Many analysts are expecting the euro to continue going lower, at least in the short term, and if Greece effectively votes itself out of the euro soon, it could drop even further.”

    The euro-to-dollar exchange rate dipped 1.2 percent just on Monday. At its lowest, one euro was worth about $1.1864, but recovered slightly to $1.1944. The euro’s drop is a product of — among other factors — political instability in Greece, an increasingly strong American economy and the likelihood that the European Central Bank will take quantitative easing measures to boost the European economy, according to NPR .

    The drop in the euro over the last year has already translated into real discounts for Americans converting their dollars, according to James Feess at the Savvy Backpacker, a site dedicated to budget travel in Europe. “An average hostel in Paris will cost about $38 night at the moment, but a few years ago it would cost about $48. That extra $10 can now be used for museum entry or a walking tour. Since most young people travel for a few weeks, that extra $10 per night really adds up,” Feess said.

    The euro has generally been valued a good deal higher than the dollar  since it was introduced in 1999. For much of its existence, the euro was valued between $1.30 and a high just over $1.47. When the euro was worth around $1.37 at the beginning of 2014, $1,000 would convert over to €730, whereas now it would convert to €840. BNP Paribas, a big French bank, predicts  the euro will drop to $1.15 by the end of 2015.

    A high exchange rate likely turned many young would-be-backpackers away from studying abroad or going on a cross-European trip in recent years, Feess said. But with more money in their pockets, travelers could now see more of Europe, including typically more pricey cities like Rome. Currencies outside of the euro zone have suffered, too, so travelers could get good deals across Europe, including in non-euro Britain, Norway and Sweden.

    “Transportation adds up. A one-way Eurostar journey currently costs about $82-$105 but a few years ago that same ticket was around $105-$133. When you add up all these little costs it ends up being a large chunk of money for a multi-week trip,” he said, referring to the London-to-Paris train route under the English Channel.

    The euro hovered near all-time lows as fireworks lit the sky over the Arc de Triomphe on the Champs Elysees in Paris on New Year’s Eve. Reuters/Christian Hartmann

    Airfares aren’t expected to drop significantly, however, even though the price of oil fell by more than half over the last six months to just over $50 per barrel. Plane tickets are more dependent on supply and demand than on exchange rates. Many airlines are taking the opportunity to reinvest the billions of dollars saved on fuel to upgrade their services, according to the New York Times .

    Dejan Bajic with Danny Travel, an agency that specializes in setting up trips for Europeans living in the U.S. who travel back to their home countries, said his business hasn’t been affected much by the currency rates, but he predicted an increase in interest in Europe among Americans seeking to travel cheaper.

    “Anything you spend there, anything connected to euros like hotels, cars, trains, they will all be cheaper,” he said.





    04/08/2017

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    Europe Travel Deals: With Euro Weakening, Americans Can Travel For Cheap

    #euro travel
    #

    Europe Travel Deals: With Euro Weakening, Americans Can Travel For Cheap As Dollar Exchange Rate Drops

    The dropping euro and a more valuable dollar mean that Americans can get more euros to spend on what’s most important: European beer. Reuters/Ints Kalnins

    Seeing the Mona Lisa is a better deal now than it has been years. Americans and other foreigners can expect to land cheap trips to continental Europe over the next few months after the euro hit its lowest since March 2006 on Monday. That means Americans could get hundreds of more euros for their dollars than they did just a year ago, according to travel professionals.

    “The euro is down about 10 percent to 15 percent from where it was most of 2014, so it’s an instant discount for those of us with U.S. dollars,” said Roger Wade, founder of Price of Travel. “Many analysts are expecting the euro to continue going lower, at least in the short term, and if Greece effectively votes itself out of the euro soon, it could drop even further.”

    The euro-to-dollar exchange rate dipped 1.2 percent just on Monday. At its lowest, one euro was worth about $1.1864, but recovered slightly to $1.1944. The euro’s drop is a product of — among other factors — political instability in Greece, an increasingly strong American economy and the likelihood that the European Central Bank will take quantitative easing measures to boost the European economy, according to NPR .

    The drop in the euro over the last year has already translated into real discounts for Americans converting their dollars, according to James Feess at the Savvy Backpacker, a site dedicated to budget travel in Europe. “An average hostel in Paris will cost about $38 night at the moment, but a few years ago it would cost about $48. That extra $10 can now be used for museum entry or a walking tour. Since most young people travel for a few weeks, that extra $10 per night really adds up,” Feess said.

    The euro has generally been valued a good deal higher than the dollar  since it was introduced in 1999. For much of its existence, the euro was valued between $1.30 and a high just over $1.47. When the euro was worth around $1.37 at the beginning of 2014, $1,000 would convert over to €730, whereas now it would convert to €840. BNP Paribas, a big French bank, predicts  the euro will drop to $1.15 by the end of 2015.

    A high exchange rate likely turned many young would-be-backpackers away from studying abroad or going on a cross-European trip in recent years, Feess said. But with more money in their pockets, travelers could now see more of Europe, including typically more pricey cities like Rome. Currencies outside of the euro zone have suffered, too, so travelers could get good deals across Europe, including in non-euro Britain, Norway and Sweden.

    “Transportation adds up. A one-way Eurostar journey currently costs about $82-$105 but a few years ago that same ticket was around $105-$133. When you add up all these little costs it ends up being a large chunk of money for a multi-week trip,” he said, referring to the London-to-Paris train route under the English Channel.

    The euro hovered near all-time lows as fireworks lit the sky over the Arc de Triomphe on the Champs Elysees in Paris on New Year’s Eve. Reuters/Christian Hartmann

    Airfares aren’t expected to drop significantly, however, even though the price of oil fell by more than half over the last six months to just over $50 per barrel. Plane tickets are more dependent on supply and demand than on exchange rates. Many airlines are taking the opportunity to reinvest the billions of dollars saved on fuel to upgrade their services, according to the New York Times .

    Dejan Bajic with Danny Travel, an agency that specializes in setting up trips for Europeans living in the U.S. who travel back to their home countries, said his business hasn’t been affected much by the currency rates, but he predicted an increase in interest in Europe among Americans seeking to travel cheaper.

    “Anything you spend there, anything connected to euros like hotels, cars, trains, they will all be cheaper,” he said.





    13/06/2017

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    Ride the dollar: This is the summer to travel to Europe

    #travel to europe
    #

    Like this topic? You may also like these photo galleries:

    The new two-day Barcelona Card Express includes free metro and bus rides and discounts on popular attractions such as Antoni Gaudi s Basilica de la Sagrada Familia. (Photo: David Ramos, Getty Images)

    5187 CONNECT TWEET 159 LINKEDIN 3 COMMENT EMAIL MORE

    BARCELONA—Cathie Golden takes a European vacation each year with her sister Barbara Needham and their children.

    This year they chose Barcelona and Madrid. For the first time in more than a decade, the euro is almost equal in value to the dollar, making Spain and other European cities more affordable to Americans than even some domestic destinations.

    “We’ve been shopping up a storm because of it,” Golden says, showing off a new pair of sneakers. “Here you’re just throwing money around.”

    The family stop into the Hotel Colon in the Gothic Quarter for drinks. They are surprised when two glasses of white wine and a beer cost as much as one drink in a New York City hotel. Their train tickets to Madrid are less than seats on an Amtrak train from New York to Washington, D.C. A 15-minute cab ride to the beach is 10 euros.

    Golden, who lives in the New York area, has good reason to throw money around. TripAdvisor’s TripIndex Europe, released last week, found that travel expenses for popular European destinations have dropped an average of 11% year-over-year. Travelers will be able to save as much as 25% on their summer trips.





    27/05/2017

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    Europe Travel Deals: With Euro Weakening, Americans Can Travel For Cheap

    #euro travel
    #

    Europe Travel Deals: With Euro Weakening, Americans Can Travel For Cheap As Dollar Exchange Rate Drops

    The dropping euro and a more valuable dollar mean that Americans can get more euros to spend on what’s most important: European beer. Reuters/Ints Kalnins

    Seeing the Mona Lisa is a better deal now than it has been years. Americans and other foreigners can expect to land cheap trips to continental Europe over the next few months after the euro hit its lowest since March 2006 on Monday. That means Americans could get hundreds of more euros for their dollars than they did just a year ago, according to travel professionals.

    “The euro is down about 10 percent to 15 percent from where it was most of 2014, so it’s an instant discount for those of us with U.S. dollars,” said Roger Wade, founder of Price of Travel. “Many analysts are expecting the euro to continue going lower, at least in the short term, and if Greece effectively votes itself out of the euro soon, it could drop even further.”

    The euro-to-dollar exchange rate dipped 1.2 percent just on Monday. At its lowest, one euro was worth about $1.1864, but recovered slightly to $1.1944. The euro’s drop is a product of — among other factors — political instability in Greece, an increasingly strong American economy and the likelihood that the European Central Bank will take quantitative easing measures to boost the European economy, according to NPR .

    The drop in the euro over the last year has already translated into real discounts for Americans converting their dollars, according to James Feess at the Savvy Backpacker, a site dedicated to budget travel in Europe. “An average hostel in Paris will cost about $38 night at the moment, but a few years ago it would cost about $48. That extra $10 can now be used for museum entry or a walking tour. Since most young people travel for a few weeks, that extra $10 per night really adds up,” Feess said.

    The euro has generally been valued a good deal higher than the dollar  since it was introduced in 1999. For much of its existence, the euro was valued between $1.30 and a high just over $1.47. When the euro was worth around $1.37 at the beginning of 2014, $1,000 would convert over to €730, whereas now it would convert to €840. BNP Paribas, a big French bank, predicts  the euro will drop to $1.15 by the end of 2015.

    A high exchange rate likely turned many young would-be-backpackers away from studying abroad or going on a cross-European trip in recent years, Feess said. But with more money in their pockets, travelers could now see more of Europe, including typically more pricey cities like Rome. Currencies outside of the euro zone have suffered, too, so travelers could get good deals across Europe, including in non-euro Britain, Norway and Sweden.

    “Transportation adds up. A one-way Eurostar journey currently costs about $82-$105 but a few years ago that same ticket was around $105-$133. When you add up all these little costs it ends up being a large chunk of money for a multi-week trip,” he said, referring to the London-to-Paris train route under the English Channel.

    The euro hovered near all-time lows as fireworks lit the sky over the Arc de Triomphe on the Champs Elysees in Paris on New Year’s Eve. Reuters/Christian Hartmann

    Airfares aren’t expected to drop significantly, however, even though the price of oil fell by more than half over the last six months to just over $50 per barrel. Plane tickets are more dependent on supply and demand than on exchange rates. Many airlines are taking the opportunity to reinvest the billions of dollars saved on fuel to upgrade their services, according to the New York Times .

    Dejan Bajic with Danny Travel, an agency that specializes in setting up trips for Europeans living in the U.S. who travel back to their home countries, said his business hasn’t been affected much by the currency rates, but he predicted an increase in interest in Europe among Americans seeking to travel cheaper.

    “Anything you spend there, anything connected to euros like hotels, cars, trains, they will all be cheaper,” he said.





    03/05/2017

    Posted In: NEWS

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    Best Travel Credit Card for 2015 – The Simple Dollar #travel

    #travel rewards credit cards
    #

    Best Travel Credit Card for 2015

    Earn credit card points toward for your favorite ways to travel

    If you re getting your holiday travel plans together, don’t forget that the best travel rewards credit cards can help you save money on airfare, hotels, and general travel. All of these top travel cards offer lucrative points bonuses and superb options to earn and use points for maximum value.

    The best travel rewards credit card for me is Chase Sapphire Preferred® Card

    It has one of the largest signup bonuses in the industry as well as great long-term rewards for travel and dining. The number of ways you can redeem points, including transferring at equal value to many partners is simply unmatched by any card. This card remains my go to travel credit card again this year. Additionally, my preferred strategy is to add the Chase Freedom® to maximize 5% back in bonus categories throughout the year. These points are transferrable via the Ultimate Rewards network.

    My colleague, Holly, pointed out in a recent post that the average vacation for a family of four rang in at a staggering $4,580 in 2014. The study she sites was done by American Express. If you you’re like me and that number hit you right in the gut, pay attention because we’ve got some great ways for you get some free travel by earning points on your everyday spending. We also have some strategies to combine cards and earn even more points.

    Table of Contents

    The Simple Dollar’s Top Picks

    There is one big change we made this year compared to last year I’ve decided to name the Southwest Airlines Rapid Rewards® Premier Credit Card as the best airline card out of the bunch. With flexible rewards and constant fare sales, I’m finding that Southwest Rapid Rewards points provide more value to the average family than comparable airline miles.

    Another big difference you’ll see with most travel credit cards is the adoption of EMV technology in the U.S. This is a microchip within the card that will eventually replace the magnetic strip for better security. Europe has had this technology for years, but it’s finally making its way to the U.S. this year. As such, we wanted to include as many cards with this innovative technology as possible.

    Here are the 6 best travel credit cards of 2015:

    Best Travel Credit Card

    If you travel anywhere, especially abroad, you might want to consider the Chase Sapphire Preferred® Card. There’s plenty of value packed into this smooth, thick, blue card. On top of great rewards like 2X points on travel and dining at restaurants and 1 point per dollar spent on all other purchases, cardholders can also earn 50,000 bonus points after spending $4,000 in the first three months from account opening on the Chase Sapphire Preferred® Card.

    The flexible points transfer to Chase airline and hotel partners is another perk that can net you big savings. Points are transferable on a 1:1 basis for partner airlines and hotels such as United and Ritz-Carlton.

    International travelers will really like that there are the no foreign transaction fees and chip-enabled technology on the card. Chase Sapphire Preferred® Card has had this technology for a while and is ready for the major U.S. changeover to EMV in October. Many international merchants have adopted this technology, and it’s more prevalent overseas.





    01/05/2017

    Posted In: NEWS

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    Ride the dollar: This is the summer to travel to Europe

    #travel to europe
    #

    Like this topic? You may also like these photo galleries:

    The new two-day Barcelona Card Express includes free metro and bus rides and discounts on popular attractions such as Antoni Gaudi s Basilica de la Sagrada Familia. (Photo: David Ramos, Getty Images)

    5187 CONNECT TWEET 159 LINKEDIN 3 COMMENT EMAIL MORE

    BARCELONA—Cathie Golden takes a European vacation each year with her sister Barbara Needham and their children.

    This year they chose Barcelona and Madrid. For the first time in more than a decade, the euro is almost equal in value to the dollar, making Spain and other European cities more affordable to Americans than even some domestic destinations.

    “We’ve been shopping up a storm because of it,” Golden says, showing off a new pair of sneakers. “Here you’re just throwing money around.”

    The family stop into the Hotel Colon in the Gothic Quarter for drinks. They are surprised when two glasses of white wine and a beer cost as much as one drink in a New York City hotel. Their train tickets to Madrid are less than seats on an Amtrak train from New York to Washington, D.C. A 15-minute cab ride to the beach is 10 euros.

    Golden, who lives in the New York area, has good reason to throw money around. TripAdvisor’s TripIndex Europe, released last week, found that travel expenses for popular European destinations have dropped an average of 11% year-over-year. Travelers will be able to save as much as 25% on their summer trips.





    15/04/2017

    Posted In: NEWS

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    Best Airline Credit Cards of 2015 – The Simple Dollar #airfare

    #travel credit cards
    #

    The Best Airline Credit Cards of 2015

    Earn credit card points toward free airfare and travel

    This year, I decided to take a fresh approach to the best airline credit cards. With rising fares and falling oil, no one knows the future for air travel prices, but these cards will still offer you great sign-up bonuses and the ability to earn air miles in your frequent flier program to put towards free flights. Some airline credit cards offer additional perks and benefits, like companion fares, priority boarding, and free bags.

    I still don’t believe you should own an airline card as your primary credit card (see my rules for owning an airline credit card below). Before choosing an airline card from this list, make sure you set yourself up with an all around best rewards travel credit card.

    Here is the top travel credit card to consider (I share all the best airline cards just below):

    The reason you should choose a more general travel card is that airline cards are great for specific purchases on one airline, but not so great for all other purchases. In many cases, the rewards rate for using an airline card on your favorite airline isn’t higher than if you used a travel rewards card for the exact same purchase (2x points or miles per dollar spent).

    Then, if you re not traveling ALL the time I d add on the Chase Freedom® Card before adding an airline card. The Freedom® has no annual fee, and its points are transferrable to the Chase Sapphire Preferred® Card, so you can add them together and maximize the travel benefits.

    Going with this strategy, the Chase Sapphire Preferred® Card allows you to earn 2x points on all travel, plus dining purchases where your airline card can’t. In most cases, going with one of these cards is your best bet, unless you fly on only one airline and fly often. If you don t fall into this category, think about getting a more flexible travel rewards credit card first.

    Table of Contents

    The Simple Dollar’s Top Airline Credit Card Picks

    Because we view airlines cards as secondary, I wanted to show you a variety of cards, from the major airlines on down to smaller regionals. My goals was to show you what some of the top benefits are of specific airline cards so you can decide if an airlines card is really right for you.

    Here are the 5 best airline credit cards:

    While there are fewer airline cards to consider in comparison to overall rewards cards, choosing the top airline credit cards is difficult. The choice is much more individualized, as the best airline credit card depends on your preferences, location and choice of airline.

    Earning rewards is less about the airline credit card itself and more about the combination of the card with the airline s frequent flyer program.

    The best airline credit cards compete with one another by offering unique card membership features. Listed below is a collection of standout features taken from all of the airline credit cards on the market:

    • Big signup bonuses
    • 2X miles or more for airline purchases
    • Yearly companion fares
    • Many travel perks
    • High flight availability or several travel partners
    • Opportunities to earn additional rewards

    What to Consider Before Getting An Airline Credit Card

    Here are my basic rules for getting an airline credit card:

    1. You are loyal to one airline.
    2. You fly more than five times per year.
    3. You have no problem occasionally paying more for airfare.
    4. You will take advantage of companion fares.
    5. You own or plan on owning an all-around rewards credit card for purchases away from the airline. (This is very important.)
    6. You always pay your balance on time.

    Make sure an airline credit card isn t the only credit card you own.

    Personally, I don t think you should own an airline credit card without owning a top rewards card like the Chase Sapphire Preferred® Card. This card gets you the same rewards rate on travel as most of the airline credit cards, plus you get the 2X rate on dining as well.

    Rewards aren t the only thing that matters for airline credit cards.

    I mentioned the importance of maximizing the value of an airline credit card, but there are other ways these cards offer value in addition to rewards. While rewards are still the most important factor, the perks and benefits from airline credit cards should not be overlooked.

    The Gold Delta SkyMiles® Credit Card from American Express

    The Gold Delta SkyMiles® Credit Card from American Express gives you the flexibility of flying and saving with the largest airline in North America. You can earn 30,000 bonus miles after you make $1,000 in purchases on your new Card within your first 3 months and a consistent rewards earning potential, this card is a great option for frequent travelers.

    One of the best features of this card is the Crossover Rewards program Delta has with Starwood hotels. When you register for this program you can double dip on points by earning Delta Skymiles and Starpoints when you book a Delta flight. The same is true when you book a Starwood Hotels stay. If you travel frequently, it could really pay to pair the Gold Delta Skymiles® Credit Card from American Express with the Starwood Preferred Guest® Credit Card from American Express. one of my picks for best hotel credit cards .





    13/02/2017

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