Making the most of your reward miles

Click to play video: 'Tips to remember when redeeming your Air Miles' Tips to remember when redeeming your Air Miles
Tips to remember when redeeming your Air Miles – Mar 24, 2016

Travel is just one way the dwindling dollar has impacted Canadians, and even though it’s becoming more expensive to visit a destination, the amount of travel rewards points needed to redeem a flight or hotel booking remains the same. Here are some tips for making the most out of your miles:

Optimize for travel destinations

  • Trips to Central Canada (Winnipeg), the east coast (Halifax) and the midwest U.S. (Kansas City) offer the best value

Use for last-minute travel

  • As time prior to departure decreases, flight prices increase but the number of air miles you need is fixed
  • You’ll get two to three times the value for last-minute travel

Redeem Air Miles cash at sponsor locations

  • o   The average value of an Air Mile cash reward is $.105
  • o   Receive $10 off your purchase with every 95 cash miles

Do not redeem for merchandise

  • Merchandise offers the worst value for air miles
  • Yhe average values of an air mile for merchandise is $0.0714 – way below the $.0121 benchmark

Use the best Air Miles credit cards

  • For example, the BMO Air Miles World Elite Mastercard offers 3,000 Bonus Air Miles, $25 off flights, and one Air Mile for every $10 spent on anything

For more info on how to travel cheap with a weak Canadian dollar, click here!


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