How To Get Paid To Go On Vacation
recently I became aware of a way to get extra cash back every time I
book a hotel, rent a car or shop at my favorite online sites. Getting
cash rewards is nothing new, many credit card companies give about 1.5%
back just for using the card. However there are shopping portals which
offer significantly more cash in your pocket, and you don't have to
change your buying habits.
There are over 4000 merchants in these
portal sites, including industry stalwarts like Priceline, Hertz,
Walmart, Macy's and even Apple. Merchants pay fees to the cash back
portal sites to drive business to their stores. The sites then share
that cash with its members. It's no different from the principal of
store coupons. Think about cash back portals as shopping with a coupon
even when no coupon is available.
I recently booked a hotel for my
vacation like I always do using hotels.com, and am getting 11.8% cash
back on my total price. The important thing to remember here, is that I
did not have to change any of my booking habits. I booked the hotel I
was going to anyway, at the website I was going to use anyway, for the
price I was going to pay anyway. Now for the first time and subsequently
every time here after I'm getting spending cash back.
To be
successful, cash back companies must effectively address several
hurdles. Many of these business can fail for one of three reasons:
If the business model is sound, the portal
can give back more than the standard cash back vs. many credit card
companies. As I mentioned before I've received 11.8% cash back for hotel
bookings.
You must not be forced to use little known companies
like "Buffalo Bob's Corner Travel Agency". The portal's network should
include the huge corporations you are already using like Priceline,
Expedia and HotWire in addition to department stores at like Macy's and
Target. Customers like to stick with their favorite sites and don't want
to change their purchasing habits.
A really cool feature to
implement is a browser tool integrated with Google searches. Let's say
you forget to sign into your account. If you go to Google and search
"Hotels in Cancun" or "Samsung TVs". The merchants that are a part of
the cash back portal's network like Priceline and Best Buy display the
discounts from these vendors in the search results page. You can quickly
scan the page and see the best deals.
Alternatively, let's say
you are already regularly booking at Priceline.com or Expedia. When you
go directly to the booking website, a panel should appear at the top of
the page saying "As a member, you are entitled up to 11% cash back".
This brilliant browser tool concept is what can really separate a winner
from the rest. You may forget about your membership, but your
membership doesn't forget you.
As an aside note, I recently needed
to purchase accessories for my Apple laptop. I ordered the items
online, then went down to the Apple store to pick them up. Of course I
could have had my items delivered. Once again, I bought the items I
would have bought anyway, at the store I was going to anyway for the
price I was going to pay anyway. Except that I am getting 7% cash back
on my purchases. If you are an Apple user, you know that Apple does not
give discounts to individuals or has Christmas specials. As a cash back
member however, I can get a discount each time I shop the Apple store.
Imagine how significant that 7% will be when I upgrade to a new $2500
MacBook pro.
If you have any existing coupons or are getting a
special vacation package when booking online, you still get cash back in
addition to what the merchant offers. That's because the transaction is
independent of your booking. You book your hotel or vacation package
like you always do and pay the price minus the discounts just like you
are already doing. Then the shopping portal will pay you additional cash
back on the balance.
You would not get the additional discount
off right away. As long as you do not cancel your trip, you will be
pleasantly surprised to see cash in your account after enjoying your
vacation. This may take the form of a prepaid card on which they will
deposit your cash, or set up direct deposit to your bank account.
I have found a company which addresses the concerns in this
article and have created a video demonstrating step by step how use it
to find the best booking deals. There are also instructions on how to
open a free account.