Ep 017 - Deep Dive: Refundable Hotel Trick | Miles Ahead Podcast

If you have bank loyalty program points that you don’t know how to use, consider turning them into cash with the refundable hotel trick.

In this episode of Miles Ahead Deep Dives, Daniel, Reed, and Josh from FrugalFlyer.ca delve into the intricacies of the Refundable Hotel Trick, a strategy used by Canadian travel enthusiasts to convert reward points into cash or statement credits.

They explore the nuanced process of booking and refunding travel arrangements to redeem points, the potential risks, and the specifics of using this trick with various Canadian bank reward programs. The episode also covers redeeming annual travel credits via this method, as well as the pitfalls and considerations to keep in mind.

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🔊Learn More About The Topics Discussed In This Episode
https://frugalflyer.ca/podcast/ep017-...

✈️Refundable Hotel Trick Guide
https://frugalflyer.ca/blog/refundabl...

💳Earn Cash Back on Credit Card & Bank Account Approvals with Frugal Flyer Rebates
https://frugalflyer.ca/rebates/

🎙️Ask The Frugal Flyer Team Anything
https://frugalflyer.ca/podcast/

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Don't forget to leave a comment sharing any thoughts or questions about earning miles and points with a partner. If you find this video helpful, please give it a thumbs up and share it with others who might benefit 👍

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(00:00) Intro
(00:28) Defining the Refundable Hotel Trick
(01:39) How to Execute the Refundable Hotel Trick
(02:44) Important Considerations & Warnings
(03:38) Using the Refundable Hotel Trick for Minimum Spending Requirements
(05:03) Handling Statement Credits & Negative Balances
(06:56) Scene+ Rewards Program
(09:03) CIBC Aventura Program
(10:19) BMO Rewards Program
(11:32) TD Rewards Program
(13:21) Using Annual Travel Credits
(15:38) Conclusion

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