13 Things You Need to Know About Redeeming Loyalty Points
Accumulating loyalty points takes time and effort. Here’s what you need to know about getting the most out of redeeming them.
Treat Your Points Like You Would Real Money
Use them on products and trips you'd normally purchase rather than on luxuries.
Get Out a Calculator
The value of Air Miles depends on how far in advance you book and the type of trip. To see how much your miles are worth, take the price of the flight and divide it by the number of miles it will cost. Then do the same for other options and compare.
Get the App
Many companies have smartphone apps with deals. If you win Air Miles' Check-in Challenge, for example, the program doubles the miles you collected that month.
Maximize Your Movie-Going
The Cineplex Scotiabank SCENE program periodically offers members double or triple the points as incentive to see a new release.
When buying a retail product with Air Miles, make sure you wouldn't be getting a better deal paying cash elsewhere. Say Air Miles were to offer a $115 blender for 1,000 reward miles. Seems great, until you find the same model on sale at Costco for $79.99.
Use a Third Party to Get Deals
Sites like Points.com offer trading between programs such as Aeroplan and American Airlines' AAdvantage-useful when you're a few points shy of a new reward level.
Don't Let Your Balance Expire
Had that card in your wallet for years? Points don't last forever-spend them while you can.