Quote:
Originally Posted by MJK
You are going to spend that money regardless if you are getting points or not. You don't "buy" those points you are getting them for free when you shop.
|
+1. No different than the cashback cards. Sure, I only get 2% back from using my amex, but that's 2% back from what I was spending anyways.
We just got a dyson and some other gear for doing nothing but buying gas, goceries, and other items we were already purchasing. Not a bad ROI, in my opinion.
It also depends what you trade them in for. Ski passes, it works out to about $0.25/mile. Gift cards, about $0.10.
I'd take you up on this offer, but my miles are tied to my M/C which is tied to my company discount, so closing the account would be a real PITA. My wife has some in her maiden name she hasn't transferred over yet. There's not a lot there (about 600), but may be worth it as we have to close her account anyways if we transfer them to mine. I'll ask her if she's interested.
Thought I'd post this up in the thread, as it somewhat relates:
https://www.airmiles.ca/arrow/Reward...tId=prod933908