Frequent Flyer miles emerged in the inflation economy, a replacement for the end of "green stamps" that had lasted until the 1970s. Comes a new offer, RocketMiles:
Also, these are associated with airlines, not credit cards. I stopped using bank credit, because it is morally criminal, and now only use debit cards, even when travelling and renting cars. So the whole thing is more miles for more money spent, and new direction in FF mile game.
This is interesting...
So who is in a position to book for others? The implications are interesting. Secretaries going to direct the boss to the hotel where it benefits the secretary?
This is no real benefit for small biz. We can travel cheap anytime we want and write it off. Our work is our lifestyle, so all travel is vacation-like. Also, when the IRS-allowed hotel perdiem in Hong Kong is $280 per night, and you spend $50, you can deduct the whole $280 and gain a $230 advantage on your taxes, legally. See you CPA for how this works, it is the rules.
So RocketMiles is an interesting initiative and biz model, but not for small business.
Feel free to forward this by email to three of your friends.
Book Hotels Earn Miles Vacation FasterIt is a bit unusual. The hotel rates offered are not a deal, and look suspiciously like the IRS allowed per diem rates. Now big biz and govt workers usually spend up to the allowable rates, because they do not care about saving money. Ultimately the end user pays all expenses, so who cares? But the person who is booking the room at full rate, instead of through Priceline or Expedia is going to get some serious frequent flier miles fast. And this is the pitch ... vacation faster.
Also, these are associated with airlines, not credit cards. I stopped using bank credit, because it is morally criminal, and now only use debit cards, even when travelling and renting cars. So the whole thing is more miles for more money spent, and new direction in FF mile game.
This is interesting...
Can I book for other people and earn the rewards for myself?
Absolutely. Log into your account, book the room, and enter the actual guest’s name who will be checking in as “primary guest”. If you are booking for a company, contact us and ask to be put in touch with one of our Corporate Account Managers who can explain how to fully take advantage of Rocketmiles for your business.
So who is in a position to book for others? The implications are interesting. Secretaries going to direct the boss to the hotel where it benefits the secretary?
This is no real benefit for small biz. We can travel cheap anytime we want and write it off. Our work is our lifestyle, so all travel is vacation-like. Also, when the IRS-allowed hotel perdiem in Hong Kong is $280 per night, and you spend $50, you can deduct the whole $280 and gain a $230 advantage on your taxes, legally. See you CPA for how this works, it is the rules.
So RocketMiles is an interesting initiative and biz model, but not for small business.
Feel free to forward this by email to three of your friends.
2 comments:
John, forgive the ignorance but what do you exaclty with the term "credit deflation"?
Shouldn´t be the other way around (inflation)? due to the QE of the FED?
Thanks
You are right to challenge me... I blogged this today, your question, my answer....
John
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