Saving, spending and traveling
More is better – at least when it comes to airline miles. And while there’s no shortage of ways to earn them, it can be intimidating to figure out which programs will best serve your travel goals… especially if saving is important to you.
The first step is to make sure you have a clear idea of what your goals actually are. As we’ve mentioned previously, setting a travel goal will help you make targeted decisions and cut back on wasted time and effort. Let’s take a look at how you can use programs, rewards, and savings to reach your dream vacation – in a way that makes smart financial sense.
EARN MILES BY SAVING
Because its unique offering doesn’t hinge on your spending habits, Bask Bank is the perfect cornerstone for any airline mile strategy. If you have money sitting in a traditional savings account and have wondered how to make that cash work harder for you, Bask Bank provides a simple, rewarding solution: Every dollar you save is an AAdvantage® mile earned annually – and there’s no limit to the number of miles you can earn.
IMPROVE YOUR SAVINGS STRATEGY
Bask Bank works double-time to help you earn AAdvantage® miles while you pursue your savings goals, but in order to make the most of it, you need a solid strategy. Here are a few tips that can help:
- Set an ambitious (but attainable) annual goal to grow your savings based on how many miles you need for your next big trip. Be sure to celebrate when you reach it.
- You may have a budget, but does it account for travel? By setting specific monthly targets for what you intend to spend on necessary expenses, what you’d like to save for a rainy day, and what you expect to spend on travel, you can create a clearer roadmap to your next destination.
- Account for extra cash by setting up a recurring deposit. By transferring each month’s leftover money into your Bask Savings Account, you’ll build your balance quicker, cut down on unnecessary spending, and accrue more miles.
USE BONUSES TO YOUR BENEFIT
Bask Bank has opportunities for you to grow your mileage totals beyond your annual savings-based earnings. You can accrue 5,000 bonus miles simply by opening a Bask Savings Account, depositing a minimum of $1,000 within the first 30 days, and maintaining that balance for an additional 30 days. You can earn another 1,000 bonus miles by contributing feedback. That’s 6,000 bonus miles right off the bat – not bad, right? See full bonus details here.
EARN MILES BY SPENDING
When used in ways that fit with your lifestyle, spending-based programs can help get you where you want to go. You likely already have a credit card (or cards) that helps you earn miles, and using it to pay your necessary monthly expenses is a great way to ramp up your total earnings. These programs also complement your Bask Savings Account, allowing you to earn miles for both saving and spending.
Additionally, hotel and car rental loyalty programs often allow you to convert points to miles, and many airline carriers support programs where you can earn miles by dining out.
EARN MILES BY FLYING
It’s usually free to sign up for an airline’s reward program, which makes this a simple way to accrue miles for flights you’re taking anyway. If you’re an avid flyer, you might have a handful of miles strewn across different airline accounts. Take an inventory of what you have and decide the best way to build upon existing mileage totals to reach your travel goals. Certain rewards programs can also feed your points to different airlines.
Although having more miles may be better, you should be strategic in choosing the accounts and programs that will work together best to help you reach your personal goals – saving as well as traveling. With strategy, organization and a little research, you’ll be in the sky in no time.
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.