After using 97,000 long-hoarded Capital One miles to buy a $970 ticket out of Iowa to a much warmer place in February, I was pleased to read in a recent issue of Real Simple that the founder of Airfarewatchdog.com (whatever that is) says spending miles on top-dollar travel is “the smartest way” to spend your miles. It gets you a bigger bang for your miles than, say, buying an electronic gizmo, says the founder of Downtoearthfinance.com (“an independent financial education website”…whatever that is part 2.)
But what about using miles for a $350 ticket instead of saving for that $970 ticket?
The only time I’ve used miles for anything other than a plane ticket was when I had some that were soon expiring and were nowhere what I needed to get a ticket. So I donated some to charity and used some for a little self-indulgence – a six-month subscription to People magazine, which I thoroughly enjoyed.