CASH for your Air Miles???

[MJK]

Originally Posted by Kev

I will look at what we have, and let you know. We usually only use them for movie tickets, cash is better.

Ya it is really a waste to use points on stuff like movie tickets and gas cards. My offer is much better than what you will get on the airmiles store.

[You Need a Thneed]

.15 cents per mile is a good deal, but if you use air miles to get 2 for 1 passes for movies, the value is a lot higher than 15 cents - it's more like 50 cents.

[rubecube]

Originally Posted by You Need a Thneed

.15 cents per mile is a good deal, but if you use air miles to get 2 for 1 passes for movies, the value is a lot higher than 15 cents - it's more like 50 cents.

Not to mention that I have to spend at least $20 at Safeway to get one mile. I also get them for every $40 I spend on credit or debit. So if I'm buying them at $20 and selling them at 0.15, that works out to something along the lines of a 94% loss.

[MJK]

Originally Posted by rubecube

Not to mention that I have to spend at least $20 at Safeway to get one mile. I also get them for every $40 I spend on credit or debit. So if I'm buying them at $20 and selling them at 0.15, that works out to something along the lines of a 94% loss.

You are thinking of it the wrong way.

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.

It's spend $20 and get a free air mile

OR

Spend $20 and get .15 extra

Here, I have taken the following example from the airmiles store:

An Ipod touch is $199 to buy anywhere
It costs 3300 miles from the airmiles store
3300 miles gets you $345 with me

Would you rather an ipod touch or $345?

If you like your miles keep them. If you like cash I am willing to give it. If cash was such a good deal, air miles would be writing cheques instead of making you get other stuff.

[DownhillGoat]

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

[MJK]

I want more!

[Sliver]

Hey MJK, I'll save mine for you from now on.

Last Christmas I traded mine in for walkie-talkies I didn't need and have never used, and a bunch of gift cards. I like the cut of your jib, so I'd rather them go to you, and I'd rather have the cash.

Once they accumulate a bit again I'll come back in here and hopefully you'll still be interested!

[MJK]

Originally Posted by Sliver

Hey MJK, I'll save mine for you from now on.

Last Christmas I traded mine in for walkie-talkies I didn't need and have never used, and a bunch of gift cards. I like the cut of your jib, so I'd rather them go to you, and I'd rather have the cash.

Once they accumulate a bit again I'll come back in here and hopefully you'll still be interested!

As long as I stay in the north, I will always be interested! Thanks!

[Sidney Crosby's Hat]

Have you thought about getting the BMO Mosaik Air Miles Mastercard? You accumulate points ridiculously fast if you use your credit card a decent amount plus it's about 700 points less to fly from Rankin to Winnipeg:

[MJK]

Originally Posted by Sidney Crosby's Hat

Have you thought about getting the BMO Mosaik Air Miles Mastercard? You accumulate points ridiculously fast if you use your credit card a decent amount plus it's about 700 points less to fly from Rankin to Winnipeg:

I already have it and it is well worth it!

[oilfan69]

Originally Posted by rubecube

Not to mention that I have to spend at least $20 at Safeway to get one mile. I also get them for every $40 I spend on credit or debit. So if I'm buying them at $20 and selling them at 0.15, that works out to something along the lines of a 94% loss.

lol... so you buy 1 airmile for twenty dollars and get twenty dollars worth of munchies for free
btw mjk Im thinkin about it... I currently have 5600 AM but I do use them sometimes.....

[MJK]

Originally Posted by oilfan69

lol... so you buy 1 airmile for twenty dollars and get twenty dollars worth of munchies for free
btw mjk Im thinkin about it... I currently have 5600 AM but I do use them sometimes.....

Come on I will take them! Almost $1000 for you if you want it!

[red sky]

Originally Posted by MJK

Come on I will take them! Almost $1000 for you if you want it!

I have told some people about this and someone would like to sell you around 3800 Air Miles if you are still interested.

[MJK]

Originally Posted by red sky

I have told some people about this and someone would like to sell you around 3800 Air Miles if you are still interested.

Yes am still interested. They can e-mail me at zeadly_wazoo@hotmail.com to discuss if they like.

[MJK]

So I attempted to book flights with my trusty air miles yesterday only to be told there are NO FLIGHTS within 15 days of when i wanted to book, this is unheard of. Then I was told the amount of miles to fly is going up next week and that everyone has been busy booking up to a year ahead of time.


Bottom line: More miles are now needed to fly. It is more difficult to book for the next year becuase everyone is going crazy trying to dump their points now.

I will still willing to wait this all out and am still interested in buying airmiles.

BUT if you were holding onto yours and were planning to use them on flights, you should do it NOW before the rates go up and all the flights are booked.

Good luck!

[defunct]

Transferred 2912 air miles to MJK, he paid me a couple hours later via online Interac.

First lady from air miles wanted his full name, I didn't have it (MJK later provided it to me) and I called back and they didn't ask this time and just did the transfer.

All in all pretty easy and MJK held to his word.

Good stuff!

[MJK]

Thanks to Red Sky and defunct for the most recent transactions. I have one more in the works but want more!!! Come on people, let's MAKE A DEAL!

lol

[bomber317]

Originally Posted by MJK

Thanks to Red Sky and defunct for the most recent transactions. I have one more in the works but want more!!! Come on people, let's MAKE A DEAL!

lol

I'm still building mine up to make it "worthwhile" lol.

I only have 308 airmiles. I think 150 of them are from toilet paper specials at Safeway. lol

[I C ROAD GAMES]

Awesome thread. Nice job MJK for making the system work for you. I just used 6K airmiles and took the lady on a one week cruise! We got hosed on the 'taxes' but it was still worth it. Good luck dude - I love following along...

[MJK]

Originally Posted by I C ROAD GAMES

Awesome thread. Nice job MJK for making the system work for you. I just used 6K airmiles and took the lady on a one week cruise! We got hosed on the 'taxes' but it was still worth it. Good luck dude - I love following along...

I must admit the taxes are not nice and just another reason why selling the miles to me might be the best option for some.

It works for me only becuase flights are so expensive out of the North. If I were anywhere else I would not be buying miles like this.