Start getting travel rewards with the Amex AIR MILES Platinum Card now
via Amex secure application
in free travel after $1,500 in 3 months
The AMEX AIR MILES Platinum Card is a great card to earn AIR MILES, and despite the Platinum name, it’s not a premium card and is accessible to all travelers.
AIR MILES is a pretty well-known, but quite misused. Like ALL rewards programs, avoid any use other than for travel to maximize their value, this is the most basic rule. But even when used as simple Cash Rewards (fixed-value points), AIR MILES can still be worthwhile.
The new Welcome Bonus offer launched October 21st is very interesting (50% higher than the previous one) and in terms of travel benefits, you get what amounts to a 25% discount on an AIR MILES flight reward every calendar year (short-haul roundtrips within North America are often the best sweet spot of the AIR MILES award chart).
The card also has a good earn rate on the groceries, restaurants, drinks, transit, and gas categories.
Finally, you can add free additional cards to earn faster and you’ll get car rental insurance and the standard retail protections.
Offer subject to change without notice.
Welcome bonus of 3,000 AIR MILES Bonus Miles
≈ $360 (estimated value 12¢/pt)
Earning of 300 points on the $1,500 minimum spend
≈ $36 (at multiplier earn rate)
= $120 (annual fee)
Flytrippers Valuation Welcome Bonus
≈ $276 in free travel
(or $227 minimum as fixed-value Cash Rewards)
+ all points earned with your regular purchases
After the ≈$276 Welcome Bonus…
Earn rate at Flytrippers valuation (≈ 12¢ per AIR MILES mile):
Earn rate as fixed-value points (= 10.5¢ per AIR MILES mile):
* category multiplier capped at $30,000 in annual spend
AIR MILES are hybrid points: they can be used as variable-value points or as fixed-value points.
Variable-value uses offer more potential value, while fixed-value uses are a lot simpler.
As fixed-value Cash Rewards, your 3,300 AIR MILES are worth $347.
As variable-value Dream Rewards, your 3,300 AIR MILES is the equivalent of almost 2 and a half short-haul roundtrips, which often represents value of a lot more than $347 (especially with the annual 25% discount). Alternatively, the 3,300 AIR MILES can be worth more than $347 on certain car rentals.
In short, the best sweet spot of the AIR MILES Award Chart is often for short-haul off-peak flights, but car rentals can also offer 12¢-15¢ in value per point.
That can be over 40% more value than the fixed-value redemptions that give you a guaranteed return of just 10.5¢ per point as AIR MILES Cash Rewards.
More details about the AIR MILES program coming soon.
Car rental insurance
No medical travel insurance
No trip cancelation insurance
No trip interruption/delay insurance
No flight delay insurance
No baggage delay/loss insurance
No hotel burglary insurance
via Amex secure application
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