My Wedding $pend: Using frequent flyer points to pay for your honeymoon
A great way to get double the value from your wedding costs.
So you’re newly engaged (congratulations!) and you’re ready to take the plunge and start planning your wedding. Conventionally, women will go straight to collating a Pinterest board of their favourite centrepieces, motifs and dresses, while men brace themselves for cake tasting and floral decisions.
You’re both also likely to knuckle down to knock off the big ticket items: the venue for the reception, catering, the photographer and the band/DJ. These items are considered "big" because they are likely to be the most expensive elements and because they also book out up to 18 months in advance.
I know all of this because I’ve just started planning our wedding and being in PR, I’ve organised my fair share of events.
Before you go down the rabbit hole and start paying deposits, think about your honeymoon. Or rather, how you can afford a honeymoon after the wedding’s cleaned you out. I’ll explain why.
All those big ticket items, as well as your normal expenses, are a great opportunity to rack up points to put towards your honeymoon. And if you’re savvy about signing up to credit cards with free bonus points, you could be looking at a flight upgrade, a couple of nights at a lush hotel, or at the very least a cheaper airfare. It all largely depends on how many points you have to start and where you plan to travel.
For instance, with the average couple engaged for 18 months, you could apply for two frequent flyer credit cards each over that time. Yes there will be minimum spend levels to meet (often $2,500 over three months) and you have to hold the card for a year, but with up to 200,000 points up for grabs to put towards your honeymoon, I’m sure we can agree it’s worth it - and it's not hard to spend that amount during the wedding planning process.
What will 200,000 points get you? On Qantas, that's worth an upgrade for each of you from an economy flight from Sydney to Los Angeles. In general, upgrades on flights are the best value way to spend points, but even a free flight can be a helpful saving.
Between the free points for signing up, those you already have and the ones you’ll rack up paying for your wedding expenses, you’ll create a decent stash for your post-nuptials.
It’s a financial breather I know I’ll be looking forward to!
In Our Wedding $pend, we'll track Sabine's financial planning as she gets ready for her big day.