Are you an entrepreneur? here are 5 ways to use half a million MR points (that you can get for free)
In the top 10 questions I am asked most often is "But how do you accumulate points with the [...]
In the top 10 questions I am asked most often is "But how do you accumulate points with business expenses?", a question that then declines in many other ways such as "How do you pay your bills with a credit card," "Pahi your F24s with a credit card," and even "Have you been able to pay your salaries with a credit card?" I have not yet done an episode of TFCanswers to explain how I do it, but there are articles on the website and videos on the YT channel where I explain it.
What I use to pay in bills
In this article:
To get a dimension of the Edinet we are an LLC with about 1.7M in sales in 2024 and over 15 employees.
I remind all readers that Who contacts us to develop projects is entitled to 15% discount and to a "branded" TFC gift. whether you entrust us with a project to build a site, a marketing campaign, consulting, or any other task we will do with my team.
Of course I use wire transfer; it would be difficult to do otherwise. However, there are tools that do not exist in my company, practically banned cash, we do not know what an ATM is, and there is no direct debit in the bank. When I work with a vendor, I ask for payment arrangements and if there is no credit card (or Paypal/Stripe and the like) I look elsewhere. I'm honest, I don't care if I get a percentage markup on the cost of the service. It's a business cost, I charge it to 100% while the points are mine and I can use them as I see fit. We have three types of corporate credit cards:
- Our bank's Nexi with a "ridiculous" ceiling of 5,200€ and when I asked to raise it they talked me out of it because of the amount of paperwork/bureaucracy required
- American Express for over 10 years. I have a former Alitalia Oro Business on which we do most of our spending simply because every euro spent becomes 1.25 MR points And a Platinum Business. The average transacted is well above 20k monthly, but if we go beyond that, no one gets in our way, quite the contrary.
- Mooncard. I have been using this payment system for almost two years and, for example, during 2024 it was the most used medium because I wanted to take full advantage of the possibility of getting 1.5 Flying Blue miles for every euro spent, practically three times as much as Amex.
"Hey bum but you pay a lot of fees, does it pay off?" The answer is yes, the fees are fully deductible banking costs, so I don't worry about spending an extra 1,000 euros if that investment comes back as a 10- or 20-fold personal benefit. If you're a sole proprietorship, it's even better, but I am not an accountant so I suggest you go to your advisor and have him explain why, in your case, it is even better than if you are a partner in an LLC.
How to get 500k Membership Rewards points for free
If you apply for the American Express Platinum Business Card., by January 14, 2025, you will receive a bonus of 500,000 Membership Rewards points by spending €5,000 in the first 2 months from the date of Card issuance. Points are credited at the time of reaching the spending, not at the end of the promotion, this means that they will be immediately usable the day after accounting for the 5,000 euro expenditure.
In addition to these bonus points, an additional 300 thousand MR points can be earned each year through the Present a Business Friend promotion by inviting friends and colleagues to become American Express Business Cardholders.
How to use 500k points right now to travel around the world
One very important thing. Membership rewards points are personal, so you can use them however you like. You can book for yourself, but also for friends or family. the choice is yours.
#1 Take husband/wife/lover/family and have a week in Maldives
I have explained several times how Transfer points from Membership Rewards to different loyalty programs, in which case I recommend looking for a stay in the Maldives with Hilton or Marriott and identifying a resort that meets your desires.
With 440k Hilton Honors, or 440k membership rewards, you can have five nights at the Hilton Amingiri Resort, structure where also Marika and I went just using the points.
#2 Screw everything and everyone and go First Class to Japan
With 300k Skywardsm points and €1,600 tax you can fly from Milan to Tokyo In first class with Emirates. By carefully choosing your flights you can also fly With the Secret Suite aboard a very few 777s, or all 4 legs on the A380 and take as many as 4 showers at 30,000 feet altitude. In total you should burn 375k Membership Rewards points, but if you subscribe to Skywards + you can save as much as 20% Of the necessary points, that is 60k Skywards.
With the leftover points you can go on a business class vacation to the U.S., perhaps for the New York City Marathon.
#3 Escape far away and enjoy the best business class in the world
Do you dream of flying, alone or in company, aboard the world's best business class? Booking Qsuite is very simple, just transfer Membership Rewards points to British or Iberia's (or Finnair's) loyalty program. And from there move them to the Qatar card.
Flying to Bali, Indonesia, costs 160k avios + taxes. This means that with the bonus you have enough points to fly there in 2 and also advance 100k MR points to use for the next vacation.
#4 road to the USA
With only 68k avios you can fly, nonstop from Madrid to New York JFK in business class (round trip) this means that with half a million Membership Rewards you can get right now by applying for the American Express Platinum Card you'll have enough points to go back and forth almost 6 times, since you will only need 510k MR points to redeem 6 a/r business class tickets with Iberia.
#5 don't care to travel? save over 2000 euros
I always say that the best way to use the points Membership Rewards is to use them for travel, but if you don't like taking the plane you can always turn your half a million MR into money, viz. Discount 2,000 from your account personal ( or corporate, as you prefer) card. Or you can transfer them to Volare, ITA Airways' loyalty program, and Paying 2,500 for tickets for your friends/employees. Or always from Volare put them on the Esselunga or IP card and pay for groceries or gasoline.
In conclusion
I hope with these simple examples that I have intrigued you, I can assure you that this is indeed the case. There is no trick and there is no deception. If you still have any doubts I'll be waiting for you in the live stream to answer your questions, and if you are looking for more inspiration try browsing through our success stories, that is, stories from other readers who were able to use points to travel in style.
