Here's how to minimize your travel expenses by maximizing your travel points

📆 7/17/2022 3:09 PM
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Despite rising inflation and interest rates, plenty of millennials are still eager to travel. Here\u0027s how to make the budget work for your

At the same time, would-be travellers are also trying to be realistic. Most travellers said sales and discount codes will be an important part of planning for their dream getaway.

Also note that you’ll want to have a base value for comparison purposes too. Most loyalty sites value Aeroplan at 2 CPP and Marriott Bonvoy at .9 CPP. What that means is that if you find a redemption worth at least that much, it’s a good value. If the redemption falls below that threshold, you might be better off saving your points.If you collect loyalty points from a financial institution, you’ll have multiple redemption options such as travel rewards, gift cards, merchandise and more.

For example, the American Express Gold Rewards Card has an annual fee of $250, but it currently has a welcome bonus of 40,000 points when you charge $3,000 to your card in the first three months. In addition, you get an annual $100 travel credit and four Plaza Premium airport lounge passes.

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