Another part of determining
the worth of airline miles or hotel points is understanding how flexible the rewards program is.
Not exact matches
With
airline rewards generally
worth a minimum
of a penny each, and on average more, new Premier
Miles and More cardholders are being enticed with over $ 500
worth of bonus
miles.
When you transfer points to an
airline, you might find yourself having decreased the value
of a point, since an
airline's frequent flyer
mile may, in certain cases, be
worth less than 1 cent per
mile.
Here are a few examples
of what your
miles are
worth with some popular
airlines and their co-branded credit card sign - up bonuses.
You can also see lots
of other great perks in an
airline miles card that help make owning the
airline's credit card well
worth it.Continue Reading
We estimate
airline miles to be typically
worth 1 cent each, and 1 HHonor point to have a value
of approximately $ 0.005 per point.
You can also see lots
of other great perks in an
airline miles card that help make owning the
airline's credit card well
worth it.
Since you don't have to redeem all your
miles toward one travel expense, you could buy a $ 400
airline ticket, redeem 20,000
miles to offset $ 200
worth of the ticket, then pay the remaining $ 200 when your bill arrives.
And if you transfer increments
of 20K SPG points to
airline partners, you receive a 5K
mile bonus, effectively making SPG points
worth 1.25
airline miles of your choice.
The types
of credit cards that are most likely to offer sign - up bonuses
worth 50,000 bonus
miles are
airline rewards cards, hotel rewards, and credit cards designed to provide travelers with extra value when they use the card.
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Airline policies on the transfer
of miles after a death are often restrictive, but it's always
worth calling and asking.
The
worth of those
miles is only going to be devalued on a continuing bases as the
airlines change the eligibility rules since they don't want to give away the
miles.
Since you don't have to redeem all your
miles toward one travel expense, you could buy a $ 400
airline ticket, redeem 20,000
miles to offset $ 200
worth of the ticket, then pay the remaining $ 200 when your bill arrives.
I can't stress this enough: any amount
of debt that you aren't able to pay off is not
worth any amount
of airline miles.
It's not a very good ratio to book an award flight outright, but it's definitely
worth looking into if you're short on
airline miles and have plenty
of Ultimate Rewards laying around.
In comparison, if you assume
airline miles are
worth 1.5 cents per
mile (only if you would get value out
of the partners available) then 2X on an Amex PRG is more like 3 cents per
mile.
It offers a 25,000 points sign - up bonus that is
worth 30,000
airline miles due to the card's 5,000
miles bonus for transfers
of 20,000 points.
Unlike other hotel co-branded credit cards, you won't get Gold status as a cardmember unless you charge $ 30,000 on your card annually, but the flexibility
of the program to cash in your points for
airline miles with a bonus
of 5,000
miles for every 20,000 points redeemed makes it more than
worth it — even if you don't frequent Starwood properties.
The types
of credit cards that are most likely to offer sign - up bonuses
worth 50,000 bonus
miles are
airline rewards cards, hotel rewards, and credit cards designed to provide travelers with extra value when they use the card.
If you spend $ 1,000 in the first 90 days, you'll earn 40,000
miles on that card, which you can redeem for $ 400
worth of travel expenditures, such as those with
airlines, tour operators, hotels, cruise lines — and rental car companies.
That means in order to make a transfer
of miles to an
airline program
worth it, the flight would have to cost at least 25 % more through Chase Ultimate Rewards.
Once you understand the value
of a
mile or point you can judge for yourself whether a particular
airline redemption is
worth doing.
I was already seriously considering whether or not it was
worth flying enough
miles in 2017 to renew Executive Platinum status for 2018 but, if Premium Economy comes to all
of American's mainline domestic fleet, it's one more reason for me not to bother — It's probably a lot more sensible to just fly whichever
airlines gives me the better deal (in Economy and Premium cabins).
I tend to value
airline miles pretty conservatively nowadays (
airlines keep tweaking the system in their favor so I'm a lot more cautions with my valuations) so I consider United
Miles to be
worth somewhere around 1.3 cents each... and that doesn't make the headline cost
of 1.88 cents too tempting for me.
Besides integrated
airline partners the Barclaycard credit card doesn't earn bonus
miles for any categories
of spend, so unless you're topping up a
Miles & More account towards a redemption it's unlikely to be
worth putting any purchases on the card after you've triggered the signup bonus.
For a Hyatt fan I can't see how converting points to American
Airlines can be a good idea — Hyatt points are easier to use, you can get great value out
of them and, for most people, they're
worth more than AAdvantage
miles.
While the American
Airlines fares may look enticing it's
worth remembering that award availability is noting short
of terrible on American
Airlines these days so don't go buying
miles unless you're 100 % sure there's something for you to book.
It's also
worth noting that Discounted Business Class fares on LAN on earn EQD at 20 %
of miles flown as compared to 25 % on most the
airlines I've looked at so far.
With the American
Airlines devaluations due to kick in a few months into next year I've been looking around for some good used
of my AAdvantage
miles before they're suddenly
worth a lot less.
On the high end,
airline flight / bonus promos, which include offers for flight, cabin class and
mile - buying bonuses, were
worth an average
of about 25,000
miles each.
While this is one definite advantage
of using cash over using actual
airline miles, since real
miles are subject to
airlines» always fluctuating award seats availability, the other side
of the coin is «real»
miles can potentially be
worth far more in terms
of what they can get you.
If you're trying to reach elite status at a hotel chain or
airline by spending a certain amount in a year on your hotel - or
airline - affiliated credit card, the benefits you'll get may be
worth more to you than the amount
of the fee, notes Gary Leff, who blogs about his
miles and points obsession at View From the Wing..
You usually lose the benefits
of the card like free checked bags when you do that, but it's
worth the sacrifice for the flexibility
of using your
miles on an
airline you really want to fly on.
In other words, 20,000 Starpoints are
worth 25,000
miles with most
of SPG's partner
airlines.
If you make $ 1,000
worth of purchases in the first three months, you will get 30,000 bonus
miles for American
Airlines.
If Hawaii is your annual vacation destination, this card is
worth the annual $ 89 fee, but with a limited redemption options on only a handful
of airline partners, your best bet is to use Hawaiian
miles on their own metal.
One
of the main complaints I hear about redeeming
miles in Canada is that many
airlines charge enormous fuel surcharges that don't make it
worth it to... [Read More...]
Frequent Flyer programs are dead, and no amount
of company scrip (or
airline miles as some people persist in calling them) is
worth the abuse the US - flag carriers are dishing out these days.
Generally,
airline miles are valued between 1 cents and 2 cents, thus at an average value
of 0.60 cents, you would be trading 3 cents
worth of points (5 points x 0.006) for between 1 cents and 2 cents
worth of miles - a poor deal.
You can put those 75,000
miles towards $ 750
worth of travel purchases or transfer them to one
of their
airline transfers.
If you're one
of those people who likes to plan their travel around promotions like this, it's
worth noting that between September 7 — November 14 American
Airlines offers discounted award redemptions
of 35,000
miles round - trip per person.
Plus, you'll earn SPG points for the purchase, which, despite the major inconvenience
of having to wait for points to transfer to
airline partners, continue to be
worth more per point than other frequent flyer
miles and points thanks to the built in 25 % transfer bonus when transferring in increments
of 20,000 SPG points.
«To me, the flexibility
of not having it tied up in sometime like
airline miles is
worth a little bit extra,» he says.
American
Airlines, for instance, estimated that at the end
of 2016, the value
of unused frequent - flyer
miles sitting in its customers» accounts was
worth $ 669 million
of travel.
Airline policies on the transfer
of miles after a death are often restrictive, but it's always
worth calling and asking.
Dear Reader, Unfortunately, no
airline I know
of is going to hand over an award
worth 35,000
miles if you only have 25,000 to spend, no matter how nicely you ask.
Short, Medium - Hauls Are
Worth It In general, you get the most value out
of Avios by using them for short - haul flights — often some
of the most expensive in an
airline's timetable — that require very few
miles.
Citi Prestige: No bonus at this time Chase Sapphire Reserve: 50,000 bonus Ultimate Rewards points after you spend $ 4,000 on purchases in the first three months from account opening (
worth $ 1,050) Hilton Amex Aspire: 100,000 Hilton Honors points after you spend $ 4,000 in purchases on the card within your first three months
of cardmembership (
worth $ 600) Ritz: Two complimentary nights at any participating Tier 1 - 4 Ritz - Carlton hotel after you spend $ 4,000 on purchases in the first three months after account opening (value depends on the property at which you redeem free nights, but it can get you more than $ 2,000
of value in free stays) plus 10,000 bonus points after you add the first authorized user and make a purchase in the first three months from account opening (
worth $ 90) AAdvantage Executive: 50,000 American
Airlines AAdvantage bonus
miles after spending $ 5,000 in purchases within the first three months
of account opening (
worth $ 700) United Club: 50,000 bonus
miles after you spend $ 3,000 on purchases in the first three months from account opening (
worth $ 700)
Personally I use the Chase Sapphire most
of the time, because the
airline miles for their partners are
worth more than 2 %, but if you don't want to bother with
miles like the article says than I would stick with the Fidelity Visa Signature.
We estimate
airline miles to be typically
worth 1 cent each, and 1 HHonor point to have a value
of approximately $ 0.005 per point.