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
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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!