Many people have an air miles credit card and they can bring many benefits for those who use them. For the uninitiated, the principle is simple: when you spend money on your air miles credit card, you earn air miles for every pound you spend. The amount of air miles you earn for every pound spend will depend on the specific air miles credit card you use, but either way you will be able to build them up and then, once you have earned enough air miles, you will be able to redeem them.
This makes them a little bit like rewards credit cards; in the same way that they often allow you to earn points for everything you spend on your card, so an air miles credit card allows you to earn miles for everything you spend. These air miles can then be redeemed on various things, including upgrades on flights, combined air miles and money to achieve flight discounts, and even free flights once you have collected enough air miles.
Once you have built up a large amount of air miles, your mind will naturally turn to what you might like to do with them. There are quite a few options you could choose from, and which one you go with is likely to depend on your situation and preferences. Read on to find out more about some things you might like to consider when choosing what to do with your air miles credit card rewards.
How many air miles have you got?
Probably the first thing you need to look at is how many air miles you actually have to use, as this will affect what you will be able to use them on. This is because some of the rewards are worth more air miles than others (for instance, a first class flight to New York will be worth a lot more air miles than a flight upgrade on a trip to a European destination).
Take a look at how many air miles you currently have and then do some research to work out what you would be able to use them for. This is information you should be able to access from your air miles credit card provider and their flying club, which you most likely will have joined when you were first accepted onto the credit card. This will help you get a better idea of whatís open to you, which will then enable you to narrow down your choice.
Who is involved?
Another thing you might want to consider is who would actually be benefitting from your air miles credit card rewards. Is it just you or will you be including your family? The people involved might have an impact on the reward you decide to go for.
For instance, if you are a lone business traveller then you might benefit more from a flight upgrade from economy to first class, whereas if you are a family planning a child-friendly holiday, you might want to think about combining your air miles with money in order to get some money off your flight.
Knowing who will be benefitting from your airmiles credit card reward will also help you decide where you are actually going to go (such as family-friendly Disneyland, or something more adult-orientated depending on who is in your party).
What would be the most cost effective option?
Something else to consider when choosing what to do with your air miles credit card reward is to consider which would be the most cost effective option for you. This is because, depending on your situation and how many air miles you have to use, some things might be more worth your while than others. For instance, if you are looking to book a family holiday then it might be more cost effective to combine your air miles with money in order to save on the cost of your flight, as this would naturally benefit more people than if you decided to upgrade one economy flight to first class.
You could also think about your chosen or preferred destination here: some places are already fairly cheap to fly to, so something that quite a few people like to do is to save their air miles for a once in a lifetime trip that they might not otherwise be able to afford. This might mean that you have to keep on saving up your air miles for a while longer, but the rewards when they come are sure to be more than worth it in the end.