This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Ways To Beat Peak Summer Airfares

Stocks in this article: DAL UAL AMR LCC LUV JBLU RJET

2. Frequent-flier miles
According to the American Express Spending and Saving Tracker, 15% of travelers plan on using frequent-flier miles to push down the price of their summer vacation. Some will be getting a lot more out of those rewards than others, as SmarterTravel analyst Tim Winship notes that vacationers who are frequent consumers and not-so-frequent fliers get a lot more mileage out of credit cards that dole out travel rewards from their issuer's program rather than an airline-specific card.

The big difference is that airline capacity controls affect airline rewards programs, meaning that someone who's racked up a free flight with an airline will likely have to fly off-peak or whenever the airline deems it convenient. With cards such as the Capital One Venture (COF - Get Report), Chase (JPM - Get Report) Sapphire and Citi (C - Get Report) Thank You Premiere, the card issuer buys the ticket on the cardholder's behalf once enough miles are cashed in. Those rewards pile up much more quickly, too, with American Express' Blue Sky card giving cardholders a $100 annual allowance for baggage fees and a $100 credit toward travel (airlines, hotels, car rentals, cruise lines, travel agencies, tour operators, online travel agencies) for every 7,500 points they accrue, at a rate of roughly 1.33 cents per point. Though a free flight is preferable, a little help with fees never hurts.

"These bag fees are waived if you're an elite-status flier, and there's programs like United's where if you pay $250 a year you can fly with as many bags as you want all year with you and your family," FareCompare's Seaney says. "If you use a Delta or Continental Visa (V - Get Report) card, they waive the fees for bags. And American Express platinum card members get reimbursed $200 toward bag fees."

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs