During my time at TPG, it’s been ingrained in me that it doesn’t usually make sense to buy points and miles. TPG’s valuations usually show that the price per point or mile is not worth the cost. But as with most things in life, there’s an exception to every rule.
Typically, Aeroplan points cost about 2.58 cents each, but during the promotion, the per-point cost drops to 1.29 cents. TPG values Aeroplan points at 1.5 cents each, so you can save money by purchasing points during this promotion and redeeming them for your next trip.
For example, you need just 60,000 Aeroplan points to fly business class from New York to European destinations like Zurich, Geneva and Frankfurt this summer. If you purchase 60,000 points for about $1,540 to receive the 100% bonus, you’ll receive 120,000 points total — more than enough to cover your business-class flight to Europe for potentially thousands less than you’d pay in cash. Based on your dates and routes, 120,000 points could be enough to cover your return flight, too. Keep in mind that you will still be responsible for any taxes and fees.
Aeroplan’s current promotion is just one example of when it makes sense to buy points. Next time your preferred airline or hotel brand is offering a bonus on points purchases, take a few minutes to determine whether you’ll come out ahead by buying points versus paying cash.
These stories can help you understand when it makes sense to purchase points so you’ll be ready when the time comes:
Posts in this newsletter contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products, and this may impact how or where they appear. For an explanation of our Advertising Policy, visit this page.
Photo Credit: .
TOGETHER WITH
Earn 120,000 bonus points
The Ink Business Preferred® Credit Card now offers 120,000 bonus points after you spend $8,000 on purchases in the first three months from account opening. That means this bonus is worth $1,200 cash back or $1,500 when redeemed through Chase Travel℠.
You are receiving this email because you opted in atthepointsguy.com.
Where to find us:
The Points Guy 100 5th Ave., 16th Floor New York, NY 10011 USA USA
If this newsletter was forwarded to you, you can subscribe here.
Advertiser Disclosure:
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don’t cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Please view our advertising policy and product review methodology for more information.
Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
