I've seen a few people here on GetQuin who use cashbacks, deposits or rewards to reinvest these amounts. If anyone wants to fly on vacation at least once a year for free, here's how. Everything you need for it:
1. digital account that allows deposits via credit card.
2. a Miles & More credit card.
First of all: the "hack" is only suitable for people with higher monthly expenses or people who simply want a little discount on a normal ticket. Anyone who lives with mom and buys two kebabs a month will not benefit from this.
The principle is actually quite simple: I get air miles for every transaction with my M&M Mastercard. The aim is therefore simply to pay almost all expenses that are incurred anyway, such as rent, loans, ancillary costs, living expenses, etc., by credit card.
How do you pay such expenses by credit card? Quite simply, this is where Revolut comes into play. All you need is a current account with Revolut that allows deposits from a debit card. So you debit your fixed costs via Revolut, but deposit the money via your debit card beforehand.
As I (we) have very high monthly expenses of around €5500, my miles account fills up extremely quickly. In addition, my wife has a partner card and as my wife likes to spend (her own) money, a lot of points are added here too. Some promotions such as double miles, promotions from Miles & More partners etc. make it go even faster.
I currently have just under 50,000 points again. The First Class flight to the Caribbean is available for 80,000 points, Business from 60,000 points. As we are on vacation in Europe this year, virtually all the flights and probably the hotel are easily paid for. (Miles can also be credited towards overnight stays) Free vacation covered by current expenses that I have anyway.
Have fun trying it out.
Addendum for people with a fear of flying: treat yourself to DB KK and collect rail points. Upgrades to 1st class are available for a ridiculous 1000 points.
PS: if you want to be really cheeky, check your business emails on the plane and get a €20 travel expense allowance back via your tax return. 🤡
