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FlyHomes brings a fairly unique approach to real estate transactions — the company will give you frequent flyer miles when you purchase a home, at no extra cost. Recently launched in the greater Seattle area, FlyHomes provides home buyers with up to one frequent flyer mile for every dollar spent on the final purchase price of a new home. Since FlyHomes purchases the miles being given to the home buyer at its own cost by using portions of the commission it receives from a seller, potential home buyers will not incur any additional charges for using the service.
The FlyHomes platform allows you to search for homes for sale in your area. From there, you can choose to have an agent walk you through the process step by step, or you can go through the process alone and FlyHomes will simply unlock the door for you when you want to tour a property. FlyHomes’ staff consists of MBA graduates for negotiating prices, data scientists for analytics and lawyers for reviewing contracts. In addition to Seattle, the new real estate company is currently beta testing in the Boston area and intends to launch in San Francisco soon.
As of now, you can only receive miles with Alaska Airlines, with the goal to expand to more rewards programs in the future. TPG considers Alaska Airlines’ Mileage Plan miles to be a top choice for redemptions, with reasonably priced options around the globe. Since there is no exact dollar-to-mile ratio that applies to every home, it’s hard to pinpoint the precise number of miles you’ll get for your home purchase. However, in some cases, the ratio is 1:1 — if your house costs $400,000, FlyHomes will give you 400,000 Alaska miles, which is enough for, say, 16 round-trip domestic flights or almost three round-trip first-class flights to Asia. If you purchase through FlyHomes, you’ll have a new house as well as a sizable number of miles to use to explore the world.
Once you’ve purchased your home and are looking to sign up for utilities services, remember to use your Chase Ink Plus Business Card, which offers 5x points on cellular phone, internet and cable TV purchases.
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Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
- Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
- Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
- No foreign transaction fees
- 1:1 point transfer to leading airline and hotel loyalty programs
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
- No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards