philltowns
24th Sep 2007, 13:25
For those who are just about to spend a lot of money on training, just thought I'd impart a teeny bit of wisdom.
Before I started my training, I looked around and found a credit card which provides cashback on all spending. The one I used was Egg Money which gives 1% back. They cap their cashback at £200, but having just spent over £20,000 in 4 months, I got up to that limit quite quickly. Admittedly, in the grand scheme of things, it isnt much. But still.... its £200 that I wouldn't have had otherwise.
It only works if you pay off in full monthly (i.e. if you already have the money ready) otherwise the interest charged dwarves the cashback earned. I found that Egg dont give a very high credit limit, so had to max out the card and pay it off a couple of times a month, but it only took 10 minutes to do so every couple of weeks. And it hasn't cost me a penny.
There are other cards which pay upto 4% cashback, but some of them have certain requirements (mostly income based).
This webpage detailing the best cards is quite useful and updated weekly:
http://www.moneysavingexpert.com/cards/cashback-credit-cards
Before you take out any card, make sure the flight school accept that type of card (I'm thinking AmEx in particular).
Any other tips on keeping the cost down, without cutting corners, are welcome.
Before I started my training, I looked around and found a credit card which provides cashback on all spending. The one I used was Egg Money which gives 1% back. They cap their cashback at £200, but having just spent over £20,000 in 4 months, I got up to that limit quite quickly. Admittedly, in the grand scheme of things, it isnt much. But still.... its £200 that I wouldn't have had otherwise.
It only works if you pay off in full monthly (i.e. if you already have the money ready) otherwise the interest charged dwarves the cashback earned. I found that Egg dont give a very high credit limit, so had to max out the card and pay it off a couple of times a month, but it only took 10 minutes to do so every couple of weeks. And it hasn't cost me a penny.
There are other cards which pay upto 4% cashback, but some of them have certain requirements (mostly income based).
This webpage detailing the best cards is quite useful and updated weekly:
http://www.moneysavingexpert.com/cards/cashback-credit-cards
Before you take out any card, make sure the flight school accept that type of card (I'm thinking AmEx in particular).
Any other tips on keeping the cost down, without cutting corners, are welcome.