As of April 10, 2023 American Express Air Miles credit cards have been discontinued and are no longer available to new applicants. These credit cards include: American Express Air Miles.
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However, we learned on March 9, 2023 that the company that owns AIR MILES, Loyalty Ventures, is preparing to declare bankruptcy ! The next day, March 10, 2023, BMO announced its intention to acquire the AIR MILES program. Then, later that day, Loyalty Ventures confirmed that it was filing for bankruptcy protection.
BMO has completed its acquisition of Air Miles from the defunct Loyalty Ventures Incorporated. This is an enormous purchase of a famous loyalty brand for the Bank of Montreal, and came with a price tag of $160 million (USD).
Your AIR MILES Account will be considered dormant if you have not collected, used, bought or transferred at least one Mile for 24 consecutive months or longer. Once an Account goes dormant, all Miles within the Account will also be cancelled, and you'll no longer receive Program Updates from us by email.
50,000 American Airlines miles are worth about $645, which is the equivalent of at least one round-trip flight between New York and Los Angeles on American Airlines.
We found the average airline mile to be worth around $0.013, with Delta SkyMiles offering the highest value and Southwest offering the most user-friendly rewards. The average airline mile across major U.S. companies is worth $0.013.
The exact process may vary slightly from Partner to Partner. Typically, while at checkout, show the cashier your AIR MILES Card and let them know you would like to use Cash Miles towards your purchase. You need to spend a minimum of $10 before tax; then every 95 Cash Miles will get you $10 off your purchase.
We sampled flight awards available with U.S. carriers and found that consumers need between about 8,000 and 57,000 miles to get a free one-way coach flight. Free flights in business or first class start at around 25,000 miles and climb to well over 150,000 miles one-way.
With most airlines, free flights generally start at 5,000 to 7,500 miles per one-way segment. So to book a round-trip flight, you typically need at least 10,000 to 15,000 miles. But prices that low tend to only be available on short hops, meaning flights of about an hour to an hour and a half.
Log onto your account at www.airmilesme.com and your current balance and the value of your Air Miles can be found at the top of the page. You will also receive an Air Miles Summary Statement every month, which shows how many Air Miles you have collected and from which partners.
95 Cash Miles gets you $10 towards your purchases, and can be redeemed in $10 increments up to $750 per collector account per day at most AIR MILES Cash Partners. That means if you shop at Metro and you have 475 Cash Miles in your Cash account, you can turn that into $50 off your grocery bill.
Generally speaking, AIR MILES Dream Rewards tend to have a higher CPM compared to Cash Miles, but that's only when you're booking flights or vacation packages. Most points collectors agree that if you can get a CPM of 10.5 when making a redemption, you're getting good value regardless of what you're claiming.
Key takeaways. Cash back credit cards are generally the better choice if you want to earn simple rewards on your regular purchases. A points or miles card may be a better option if you travel often or want to start earning travel rewards on your purchases.