Redeem AIR MILES Reward Miles in the Cash balance of your AIR MILES Collector Account in increments of 95 reward miles for $10 off your purchases at participating AIR MILES Partners locations to a maximum of $750 per day.
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The number of miles you can earn from shopping typically depends on the retail partner, but in most cases, it works out to 1 reward mile for every $20 spent. When using an AIR MILES credit card, you can double dip at participating merchants.
How much are 5,000 Air Miles worth? 5,000 Cash Miles are worth $525, as 95 Cash Miles have a monetary value of $10 (giving each mile a value of 10.5 cents). The cash value of 5,000 Dream Miles is nearly impossible to say since it depends entirely on how you redeem them.
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.
Anticipate 20,000 United miles to be worth from $220 to $260 on most fares with a redemption value of 1.1 to 1.3 cents each. In most cases, domestic flights will be your only option as one-way domestic flights start at 10,000 miles but are lower at times.
Here's the catch. Air Miles themselves do not expire. But, if your account “expires” by being “dormant” (or inactive) for 24 consecutive months, then the points on it will disappear. An account is considered inactive if there are no points transactions within that period.
Airline miles are oftentimes the most valuable award travel currency. While many travel rewards are worth around 1 cent each, airline miles can be worth up to 6 cents each for first-class flights.
As you can see, 40,000 frequent flyer miles can be enough to book a round-trip to the mainland United States, Hawaii, or a tropical beach in the Caribbean or Mexico. It's also enough points to at least get a one-way fare to Europe or upgrade to business class.