Find How Much Value Your AIR MILES Bring You with the AIR MILES Calculator
Thousands of Canadians collect AIR MILES while they shop, but how many can you expect to earn each year based on your spending, and what is the actual value of those AIR MILES? In this article, we’ll help you figure all of that out with our AIR MILES calculator and some tips on how to accumulate even more AIR MILES.
In This Article:
What Is the Dollar Value of an AIR MILE Point?
The easiest way to consider the value of your AIR MILES is by figuring out what their dollar value is. Sadly, 1 point does not equal $1 (if only!), and furthermore, the dollar value of an AIR MILE isn’t consistent. It varies depending on the reward and sometimes even within the reward category itself. For example, if you are looking for a flight you will notice you need a different number of miles depending on when you want to fly (high vs. low season).
Nonetheless it’s helpful to work with an average mile value when calculating the collective value of your miles. A number of Canadian personal finance resources have compared the dollar values of AIR MILE points and calculated that the average value is between 10-15 cents per mile. We err on the side of caution, and estimate the average AIR MILE value to be $0.105.
Why Should You Care About the Dollar Value of Your AIR MILES?
Some of you may wonder why you should care about the value of your AIR MILES. After all, these AIR MILES that you accumulate over time are basically just a bonus; what does it matter what their dollar value is if you aren’t technically paying for it?
This is an understandable mentality, but at the same time, don’t you want to make the most out of your AIR MILES and maximize your rewards? Understanding what your points are worth can go a long way when you’re ready to make an air miles redemption. The fewer points you spend, the more you’ll have to use later.
How Are AIR MILES Points Accumulated?
Knowing how to accumulate AIR MILES is also important, since earning points quickly should be the goal of any points collector. Fortunately, collecting AIR MILES can be done quite easily. First you need to sign up for an AIR MILES membership card which will allow you to earn points at participating merchants. You can then increase your earn rate by signing up for an AIR MILES credit card. There are a few features of AIR MILES credit cards that you can compare directly to determine which is the most lucrative in Canada.
When selecting a credit card within the AIR MILES rewards program, one feature you’ll definitely want to look out for is the card’s sign-up bonus. Some cards may provide a small sign-up bonus immediately following the first purchase made with the card, but the more substantial bonuses usually require cardholders to spend a minimum amount within the first three months of card membership.
Earn Rates for Spending
Another consideration to keep in mind is the credit card’s earn rate for spending, or in other words, the amount a cardholder needs to spend to generate AIR MILES. Generally speaking, you’ll need to spend $20 in store to earn 1 AIR MILE when you show your AIR MILES membership, but you can ‘double dip’ by using your credit card to pay.
*This post was not sponsored. The views and opinions expressed in this review are purely my own.
I purchased an air fryer for 1390 air miles
What would be the cash value if I paid cash
Assuming an approximate average 7.5 Cents Per Mile (CPM) redemption value on merchandise, your air fryer should have had a cash value of around $104.25 (1390 x 0.075).
Can you use your AIR MILES Card? If you can please let me know.
I’m not sure I understand the question fully. In general, yes, you can collect Air Miles by using your Air Miles card, either your membership card or an Air Miles credit card. Use your air miles card online or at Air Miles retail partners like Staples, SoBes, the LCBO and more and use your Air Miles credit card wherever to collect miles. Yes, to answer your question, you can use your Air Miles card, but let me know in what specific context you mean to be asking about.
I don’t have enough dream miles to fully book a hotel. Can I use a combination of dream miles and pay for the rest with cash?
Great question. Unfortunately, Air Miles doesn’t allow people to purchase or book flights with a combination of cash and their collected Miles, but they do have a feature that lets you purchase the remaining number of Miles needed for any redemption reward. If you want to purchase a flight but are short a few thousand Miles, for instance, then as long as you’re logged into the website using your Collector’s Number and PIN code, you’ll see an Air Miles BUY feature and accompanying button which you can use to “top up” for any specific flight. Hope that helps!
I’ve been collecting air miles for about 30-35 years and i don’t know how to find out how many I have and how to claim them need help with that
Thanks for the interesting post. If you haven’t been regularly checking your collected Miles (and are a nearly original member) the best way to get caught up is call a representative from the Air Miles program.
Have them help you retrieve your username and password for your Air Miles account, then log in via a web browser on your computer, and you’ll see your total available balance. This interface is also how you’ll spend your points—by redeeming them on flights you can book directly. Ask the representative for more details, if necessary, and thanks again for being a loyal Air Miles recipient and reader!