To reiterate, the 2 cents
per mile redemption is the final calculation because 20,000 points doesn't get you a $ 400 ticket.
Not exact matches
As Barclays offers a 5 % bonus
redemption rate for travel purchases this can be a great way to offset the entire rate or only part of it by earning a statement credit of 1 cent
per mile.
The best option is the Barclays Arrival Plus with a
redemption rate of 1 cent
per Arrival
mile redeemed and a 5 % travel
redemption bonus.
Because you can earn 7
miles per dollar spent on Delta flights with this card, this high
redemption rate gives the card a huge boost in value.
This will cause the value of your points to fluctuate, depending on the
redemption you're getting — we urge readers to make sure they are not walking away with a value of less than $ 0.02
per mile, otherwise they'll be devaluing their points significantly.
This will cause the value of your points to fluctuate, depending on the
redemption you're getting — we urge readers to make sure they are not walking away with a value of less than $ 0.02
per mile, otherwise they'll be devaluing their points significantly.
But the best benefit of this card is the 10 percent
redemption rebate program: Every time you book an award flight using your American Airlines
miles, the airline will give you back 10 percent of the
miles you spent, up to 10,000
miles per calendar year.
While travel
redemptions provide the most value for your
miles ($ 0.01
per mile), you also have a few other options.
The Discover it
Miles card is a great option because it earns 1.5
miles per dollar spent on all purchases and
redemptions areone cent
per mile toward any purchase.
This means that assuming each Thank You Point = $ 0.01, your maximum rebate is 2 % (ie, if your ordinary purchase point is 20,000
per year, no matter how many
miles you fly, only 20,000 flight points can be converted into redeemable Thank you points, you can only turn 20,000 purchase points + 20,000 flight points = 40,000 Thank you points eligible for
redemption).
Korean offers one of the best
redemptions to Hawaii from the continental U.S.. You'll only pay 25,000
miles round - trip
per economy ticket booked.
A value of 1.4 cents
per point or
mile is a conservative estimate, based on the methodology explained below, for the value a typical consumer can get from airfare
redemptions.
All travel
redemptions are valued at $ 0.01
per mile.
I usually advise my clients to aim for at least 3 cents
per mile / point in
redemption value for domestic tickets, and of course much higher than that for international premium class tickets.
Unlimited 1.25
miles per dollar offer decent earning potential, with plenty of flexibility at
redemption.
It has a lower earning rate (1.5 X
miles per dollar), but otherwise it's a comparable travel card: unlimited rewards on all purchases, no foreign transaction fees, and flexible
redemption options.
The
redemption value is 1
mile per penny.
When you redeem
miles for reimbursement of travel purchases,
redemption rate is 1 cent
per 1 point.
This bonus is huge — if you redeem bonus
miles on travel, you will get an equivalent of $ 500 due to 1 cent
per 1
mile redemption rate on travel.
Thus, your effective
redemption rate (if
miles redeemed for travel) increases from standard 1 cent
per 1 point to 1.05 cents
per 1 point.
Whether you redeem your
miles as statement credit against recent travel purchases or use them to purchase travel through Capital One's portal, the
redemption value is always 1 cent
per mile.
The trade - off for simplicity is that your reward
redemption rate will always just be 1 cent
per mile.
The
redemption value is 1 cent
per mile (so 10,000
miles = $ 100).
Therefore, since the user can get two airline X
miles for a single point, this
redemption results in a value
per point of 2 x $ 0.01 = $ 0.02.
Indeed, transferring to frequent flyer
miles often offers more
per - point value than other
redemption options.
The Discover it Miles card is more flexible, allowing you to get cash back on your statement or into your bank account, but
redemption values are one cent
per mile.
Miles can only be applied to travel purchases made in the last 90 days, and a minimum of 2,500
miles must be used
per redemption.
However, I can easily find
redemption values upward of 5.5 cents
per mile (e.g., a business class flight on Virgin Australia).
All travel
redemptions are valued at $ 0.01
per mile.
Because you'll earn at least 1
mile per dollar in meeting the minimum spend requirement and because you earn 10 % of your
miles back on
redemptions, you'd actually end up with enough
miles for a free one - way flight in the US and Canada after redeeming for a roundtrip to Europe.
The Discover it Miles card is more flexible, allowing you to get cash back on your statement or into your bank account, but
redemption values are one cent
per mile.
Sales from east coast hubs like JFK can often make ticket prices quite palatable and bring the value
per mile on your
redemption low enough to make saving your
miles for future trips make more sense.
As Barclaycard offers a 5 % bonus
redemption rate for travel purchases this can be a great way to offset the entire rate or only part of it by earning a statement credit of 1 cent
per mile.
The best option is the Barclaycard Arrival Plus with a
redemption rate of 1 cent
per Arrival
mile redeemed and a 5 % travel
redemption bonus.
This is a terrible
redemption, with a value lower than 1 cents
per mile.
By using these
redemption methods, you will garner $ 0.0125
per mile or more.
Saving $ 6,810 on this flight once we subtract the taxes and fees, we can see what a great
redemption value this is: Mike's netting more than 5.6 cents
per mile in value on his
miles!
It's rare indeed to find any SkyMiles
redemption at 15,000
miles roundtrip, and at a little more than 1 cents
per mile in
redemption value, it's not the worst of options for SkyMiles.
Including this, Justin would still save about 22,000
miles as opposed to ponying up 40,000
per person for a full Economy
redemption home on United alone.
This is not recommended, though, as those
redemption rates vary and may be valued at less than a cent
per mile.
The
redemption value is 1 cent
per mile (so 10,000
miles = $ 100).
The trade - off for simplicity is that your reward
redemption rate will always just be 1 cent
per mile.
Whether you redeem your
miles as statement credit against recent travel purchases or use them to purchase travel through Capital One's portal, the
redemption value is always 1 cent
per mile.
The
redemption value is 1
mile per penny.
Domestically, Delta offers discounted coach
redemptions of 20,000
miles per round trip, but these are random.
That means that each American Airlines
mile I had was worth about 10 cents
per point for that
redemption, which is very good.
The ticket would have cost right at $ 18,000, so I subtract $ 104 from $ 18,000 to get $ 17,896 and then divide that by 180,000
miles to get a
redemption of 9.9 cents
per point.
For most airline award
redemptions,
miles are valued at approximately one cent
per mile.
The card also suffers from the same drawbacks as the VentureOne card — with its straightforward
redemption value of 1 cent
per mile, you are always going to be better off with a cash back card that offers the same point value and more flexibility.
With a typical
redemption value of 1.68 cents
per mile, the sign - up bonus is worth approximately $ 672.