Making the most of your miles
It’s not difficult to dabble in miles. But the difference between having miles and having them work for you? That comes down to one thing: strategy. It may sound simple, but keeping your goals in mind is the best way to ensure you maximize your experience.
CREATING YOUR TRAVEL STRATEGY
This is the easy part. Consider where you’d like to go, how you want to get there, and when. Do you plan to fly business class? Are you able to travel during shoulder seasons, when flight prices are lower? Is it a solo trip, or is the family tagging along?
With a Bask Savings Account, you earn one American Airlines AAdvantage® mile for every dollar you save. The value of an AAdvantage® airline mile depends on how you redeem it, and this serves as a great starting point for how you build your strategy. To get the best cash return on your miles, think big. Do you daydream about Paris? Is Tokyo on your bucket list? Set a goal to save your miles for your next dream vacation, and avoid spending them on anything else. That will help you not only increase the value of your miles, but also ensure you reach your destination quicker.
TIMING IS EVERYTHING
Well, not everything. But timing can be important. Picking your travel dates as soon as possible will give you a leg up in the process – especially if the dates are distant. Scope flight prices in advance, and keep in mind that airlines might have blackout days for some of the busiest travel times, like late December and early January. If your dates aren’t set in stone, you might find that adjusting by one or two days can yield significant price differences. And if you have even more flexibility, consider traveling in the fall for across-the-board savings. Plus, your vacation photos will be brimming with lovely autumnal reds and golds.
MAXIMIZE YOUR MILES
The miles-to-cents value of an airline mile can vary, but not all miles are created equal. Their worth ultimately comes down to how they’re used. For example, trading them for international travel or to upgrade your cabin class are ways you can maximize them.
Put simply, you want your miles to translate to the highest possible value. And to do that, it’s best to use them toward one big trip instead of several small, forgettable trips. A business-class seat might set you back double the miles that a seat in economy would – but by saving up and experiencing an international flight from the comfort of an upgraded cabin, you’ll get the best, and most memorable, return.
ASSESS YOUR CURRENT SITUATION
Once you’ve picked your destination and dates, you’ll need to figure out how many miles you have, and the best ways to earn more. In another recent article, we’ve laid out some of the options you have for earning miles across a variety of platforms, as well as how to manage the miles you’ve already accrued. In the meantime, a quick way to start earning miles without actually traveling is by taking a look at your savings. If you have money sitting in a traditional savings account, you might want to consider opening an account with Bask Bank, where you’ll earn AAdvantage® miles instead of annual interest.
ALL IN ALL …
Keeping a solid plan in mind and sticking with your strategy will help you not only increase the value of your miles, but also ensure that you reach your goal – and your next dream destination – that much faster.
Conquer the Rewards Game
Deposit $5,000, earn 5,000 AAdvantage® miles
Must hold a minimum balance of $5,000 for 30 days within 60 days of opening an account.
AAdvantage® bonus miles are awarded within 10 business days upon meeting offer qualifications and may take 6-8 weeks to post to your AAdvantage® account.