Frequent Flyer University is over in Los Angeles! A crazy weekend surrounded by a bunch of miles/points obsessed lunatics! We feel so at home being surrounded by lunatics, woohoo!
As a veteran I realized going in that there would not be too many new things to learn. The best part about these conferences is the networking that happens. I managed to learn a few things of course. The best part about the meeting was again connecting with old friends and making new ones, especially ones who you meet in person for the first time after getting to know them online for a long time! The never ending search to uncover who PointsEnvy really is was not successful. We suspect who it is but he is not confessing…We are watching you:-)
I need some time to regroup and gather my thoughts about the whole event. In the meantime, I would like to catch up on a few things…
There is an excellent question asked in the December 2012 issue of Inside Flyer’s Wiseflyer column.
The question is: “It seems like every day, there’s a new travel blogger who explains how they are earning hundreds of thousands of miles per year with credit card signup bonuses. With so many people seemingly taking advantage of these promotions, how long do you think this can last?”.
Wiseflyer (ok, this is Randy right?) has an excellent answer. Some parts I quote here: “You are correct, something does have to change…With the improving economy and availability of credit again, you ‘ll start to see if you haven’t already, signs that these offers which minted six-figure mileage maniacs (there’s a smiley next to the word smiley) are on the decline. From the banks’ perspective, this is a return to more balanced and rational times…Take advantage of these types of signup bonuses while you can and understand that many of these blogs you mention may not be around long, only about 25% percent of them will actually continue with their blogging days, because it’s not much fun to brag about a 15,000-mile credit card bonus that will get you a one-way award ticket to who knows where” [Well, I think the question was answered very thoroughly!]
In the Kiplinger magazine, December :
“In 2009, consumers loaded $28.6 billion onto prepaid cards. By 2015, prepaids will hold $168 billion, estimates consultant Mercator Advisory Group. Prepaid cards used to be considered downscale-mostly for people with poor credit or without access to banks. But a survey conducted by banking consultant Aite Group found that a swath of mainstream consumers-accounting for roughly 7% of U.S. households- are opting out of the traditional banking system. Nearly one-fifth of those consumers-many of them high-earning, well-educated Millenials- said they were likely to swith to a prepaid card”
[Looks like Bluebird will be around for a while…]
BEST OF BLOGS
Milevalue’s Anatomy of an Award: South America, Africa, Europe, and North America in Biz for 100k [Wow, that was beautiful!]
I noticed over the weekend that Loyalty Lobby has broken the news on both Hilton’s change in Elite requirements and Priority Club’s new way of counting points toward Gold and Platinum Elite Levels!
Another mention for Travel Bloggger Buzz from the Texan Giddy for Points. That was a very nice synopsis of FTU! Great meeting you. I think we may be the only bloggers still on Blogger:-)
Need to catch up with real life now…and we promise we will be back!