But what if you don’t want to fly anywhere?
Most of us know that frequent flyer miles can be used to rent cars or hotel rooms or can be exchanged for all kinds of merchandise. Miles can get you certificates good at clothing and department stores and can be traded for electronic items and restaurant or magazine gift cards.
But how do you know what’s a good trade and what’s not? It’s easy—divide the dollar cost of the item your airline offers by the number of miles it costs. A business class upgrade on an international flight can return a value to you of as much as five cents a mile. Hotel nights and merchandise are on the other end of the scale, returning less than a penny in value for each mile you spend.
But if you have miles to burn and don’t need them for airline tickets, why not save the cost of a rental car or hotel room or even a laptop by using them?
Tomorrow I’ll have a bit more on this topic.