🌟 Exploring the World of Loyalty Points 🌍
Beyond my passion for crypto, I have another obsession: loyalty points, particularly air miles. If you've spent more than 5 minutes with me, you've probably heard my spiel on why air miles are incredible.
Here are two key insights about air miles that often surprise people:
- You can purchase air miles instead of earning them, and still get excellent value.
- You're not limited to using them only on the airline you earned or purchased them from.
My primary goal? To fly in premium cabins at the lowest possible cost.
Currently, Air Canada's Aeroplan loyalty program is offering a fantastic promotion: a 125% bonus on purchased miles until July 12th. This sale showcases the tremendous value of purchasing air miles.
For example, purchasing 60k Aeroplan points with a 75k bonus yields 135k points, priced at CAD 2,100 / £1,202 / $1,540. This translates to an effective cost per mile of 0.0156 CAD / £0.0089 / $0.0114.
The attached screenshot demonstrates how this can translate into an 83% discount when using miles for a Business Class flight from Dubai to Frankfurt on Lufthansa, compared to paying in cash.
However, it's essential to consider the drawbacks:
- Availability can be limited, especially during peak seasons or popular routes.
- Booking for multiple people can be challenging.
- Airlines may devalue miles unexpectedly, so buying speculatively isn't advised.
- Generally, you won't earn airline status credits (except with Virgin Airlines) when booking with miles.
This post focuses on the benefits of Aeroplan, but there are numerous other programs like Avios and Life Miles worth exploring.
If you found this insight valuable, let me know! I'm happy to share updates on other loyalty program offers in the future. ✈️
#LoyaltyPoints #AirMiles #Aeroplan #TravelHacks #BusinessClass
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