Save money on your next business trip with these simple tips.
Contrary to what some people believe, business trips don't need to be expensive. Even with the expected increase in travel costs, there are a lot of things that you can do to make your business travel more affordable – without sacrificing your comfort. How can you do it? Here are some tips that you may want to consider.
How to Save Money on Business Trips
Be loyal. Business travelers should avail of their favorite airline's frequent flier program to be eligible for more perks and rewards. However, if you don't travel enough to reach the elite status, consider an airline branded credit card to save on baggage fees instead. Considering the exorbitant baggage fees some airlines charge their customers, this can easily save you a lot of money. In addition, some cards give you bonus miles on purchases, priority boarding, free companion tickets and other nice extras.
Book a flight with Y or B booking code. By booking an economy ticket with these codes, you will pay for the full fare but you will instantly receive a complimentary upgrade if there are spots available in the next class of service.
Use credit cards. Instead of exchanging money at the hotel front desk or at airport exchange counters which give terrible rates, or withdrawing from ATMs which may charge exorbitant transaction fees, you should consider using your credit cards whenever you make a purchase overseas. This will give you a competitive wholesale rate on the exchange and give you a certain degree of protection on your purchases. However, you need to inform your credit card company that you are travelling abroad to make sure it doesn't cut you off just when you needed it most. You also need to make sure that your card does not charge a steep fee for transactions made abroad.
Don't hesitate to ask for upgrades. The best time to ask for room upgrades is when business is slow and the front desk is not busy. You can also ask for an upgrade if your room is not ready on time or when the hotel staff committed any mistake regarding your reservation. Remember, if a better room is available, the hotel will not lose anything by giving it to you. It will even be good for business since extending such courtesy can help build customer loyalty.
Book the cheapest rental car. Don't be afraid to book the cheapest car you can live with since there is a great chance that you would automatically be upgraded for free.