Next, let's calculate
the travel value of the miles earned by each value based on the formula $ 0.01 / mile, rounded down to the nearest dollar.
Not exact matches
(Using your Arrival
miles for statement credits outside
of travel isn't a good option since you get half the
value.)
Hard - core award
travel enthusiasts will learn the details
of these foreign programs and find ways to redeem their
miles for outstanding
values.
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The
miles you earn with this version
of the card are
valued exactly the same way with each
mile worth a penny when you redeem for
travel expenses.
Annual spending
of $ 13,000: Charging $ 13,000 a year on my Capital One ® Venture ® Rewards Credit Card gets me 26,000
miles, or $ 260 in
travel redemption
value.
Using Venture
miles for regular cash back statement credits or on non-
travel purchases gets you about half
of the
value compared to
travel expenditures.
As pointed out above, depending on how and when you choose to book your
travel, the
value of your
miles can vary greatly.
That's because you'll earn a total
of 75,000
miles (see the above chart), which are worth $ 750 in
value when used for a
travel statement credit.
Cardholders
of the Chase Sapphire Preferred ® Card are able to transfer their points to Chase
travel partners at full
value — 1,000 Chase points equal 1,000 partner
miles / points.
For example, many
travel rewards cards offer frequent flyer
miles or hotel points, but the
value of these rewards can vary.
To get the most
value of your hard - earned airline rewards, it's usually best to use
miles and points for what they were designed for:
travel.
The «dollar
value»
of your
travel rewards often fluctuates, depending on how you earned the points or
miles (was it a «bonus»?)
In the international
travel example above, redeeming for an economy class ticket means that each
mile only had a
value of about 0.025 cents.
Whereas similar cards, like the Capital One Venture, let you redeem points for
travel statement credit at 1 cent per
mile, the Chase Sapphire Preferred will let you transfer points at a 1:1 ratio to one
of its partners, creating the potential for way more
value.
This is because the
miles earned with the Capital One ® Venture ® Rewards Credit Card can be applied to past
travel purchases for statement credits where they will have a constant
value of 1 cent.
Recently, I learned
of the
value of redeeming
miles for international business and first class flights as opposed to just redeeming them for
travel credits, so I will probably no longer churn the Barclay, Bank
of America, and Capital One Venture cards.
Because
of the breadth
of the Star Alliance and the
miles»
value, many people opt to use them for luxury award
travel, like flying in Business or First Class.
The total
value of points or
miles earned in the first year with a
travel rewards card is...
With points usable as statement credits against
travel the rewards you earn have a
value of 1 penny per
mile.
If you don't mind doing a little research and being flexible with your
travel plans, you can easily get more
value for your points or
miles if you use them for
travel rewards instead
of getting cash back.
The maximum transfer to the airline offered in this award is 50,000
miles, so it is each member's responsibility to verify with their desired airline the
value of these
miles for air
travel awards.
It can often be difficult to put an exact
value on airline
miles because the cost
of the award ticket often depends on availability, date and time
of travel, and the popularity
of the route.
To earn $ 195 in
value, you'd have to spend $ 9,750 in airfare with Delta (at 2x
miles per dollar), which is pretty high for a typical year
of personal
travel.
That said, Capital One Venture
miles have a fixed
value of 1 cent per point when you redeem them for
travel.
This is NOT a good deal, because your
miles are worth half
of their
travel value.
If you redeem
miles for
travel purchases and take advantage
of the 12 - month 0 % APR, there is tremendous
value in the Capital One VentureOne Rewards Credit Card.
For instance, the average
value of a
mile spent on air
travel is $ 0.21 cents whereas the purchase
of a common electronic item like a TV can yield a much lower
value of about $ 0.0655 per
mile.
But over the course
of earning over a million
miles and points and booking first and business class international award
travel for my family and others, I've come to realize the
value.
If he collects his
miles until the end
of the year, based on the average spending described above, he could have 160,000 total
miles ($ 1,600 redemption
value) to use toward statement credits for qualifying
travel expenses.
Of course, to get the higher values you'll have to transfer your points to one of the travel partners available in American Express, and then use those miles or points for a loyalty redemptio
Of course, to get the higher
values you'll have to transfer your points to one
of the travel partners available in American Express, and then use those miles or points for a loyalty redemptio
of the
travel partners available in American Express, and then use those
miles or points for a loyalty redemption.
You can also redeem your Singapore Airlines KrisFlyer
miles for a good
value between the continental U.S. and Hawaii in all classes
of service for
travel on Star Alliance Airlines.
While there are dozens
of co-branded business rewards cards for those dedicated to specific airlines or hotel chains, unaligned businesses can often get the most
value out
of a
travel rewards card with flexible points or
miles that can be used free
of brand restrictions.
Downside: AAdvantage
miles aren't as useful as they used to be, with awards at the MileSAAver price hard to find on many days, but if you're looking to
travel on American's partners to Asia like Cathay Pacific, you'll have an easier time getting good
value out
of them.
When choosing which credit card you want to earn your
miles and points in, especially for international
travel, consider a few factors factors, including how many seats you will need to redeem on any flight, whether the points you earn can be redeemed for flights out
of your airport, whether you are willing to take the risk that your
miles will hold their
value until when you want to book your flight, among others.
American Airlines surprised many today when it announced several customer - friendly changes to its frequent - flier program.The new «One - Way Flex Awards» will allow customers to book one - way tickets for half the amount
of miles needed for a round - trip ticket, and will also let passengers book multi-city itineraries and combine award seats with non-award seats.Under the old paradigm, passengers could only book round - trips to and from the same city and were forced to fly in an award seat
of equal
value for both legs
of the journey.This often made booking award
travel an exercise in futility — for example, an award seat might be available only on an outbound journey, but not the return trip.But now passengers will be able to fly to New York in an award seat, and return in a premium - fare seat if a return award seat is not available.
Airlines frequently slash the
value of their airline
miles and make it tough to book a rewards - funded ticket by imposing
travel blackout dates.
If you don't mind doing a little research and being flexible with your
travel plans, you can easily get more
value for your points or
miles if you use them for
travel rewards instead
of getting cash back.
It can often be difficult to put an exact
value on airline
miles because the cost
of the award ticket often depends on availability, date and time
of travel, and the popularity
of the route.
Lately I've found it difficult to get much more than 1 cent per point
of value out
of airline
miles for domestic air
travel.
Bottom Line: The «double dip» increases the
value of the
miles earned on the Discover it
Miles Card slightly, since you can both pay for a
travel purchase with the card to earn
miles and pay off the balance with those «
miles» as cash - back.
That customers can rack up free nights and free flights — 7 %
of all
miles flown on U.S. airlines are paid for with points — speaks to the
value of those
travel reward programs.
(Using your Arrival
miles for statement credits outside
of travel isn't a good option since you get half the
value.)
At 40,000
miles and $ 10 for two passengers to
travel from the heart
of Florida to the heart
of Alaska is an incredible
value, saving well over $ 1,100 during the same time period or any other time period we could find.
We've put together some
of the top uses
of Miles & More
miles, but the best way to use your
miles is ultimately what award flights make the most sense and provide the most
value to you while reaching your
travel goals.
Of course, to get the higher values you'll have to transfer your points to one of the travel partners available in American Express, and then use those miles or points for a loyalty redemptio
Of course, to get the higher
values you'll have to transfer your points to one
of the travel partners available in American Express, and then use those miles or points for a loyalty redemptio
of the
travel partners available in American Express, and then use those
miles or points for a loyalty redemption.
All
miles earned go into your SkyMiles account and can be used for rewards
travel, which is where the
value of the card is earned.
To find out the
value of miles accumulated, simply multiply your
travel purchase by 100.
This is definitely a drawback for experienced
travel hackers who want to maximize the
value of their
miles, but it's hard to argue with the flexibility and ease
of using what is essentially a cashback card.
If you can
travel during those times, you can get a tremendous amount
of value out
of your
miles.