Air Miles Calculator

Find How Much Value Your AIR MILES Bring You with the AIR MILES Calculator

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Last updated on August 4, 2019 Views: 547 Comments: 2



Thousands of Canadians collect AIR MILES while they shop, but what is the actual value of those AIR MILES? How many do you need to get a camera, instant discounts at participating retailers, or a flight to your dream destination? In this article, we’ll help you figure all of that out with our AIR MILES calculator and some tips on how to accumulate even more AIR MILES.

What Is the Dollar Value of an AIR MILE Point?

The easiest way to consider the value of your AIR MILES is by figuring out what their dollar value is. Sadly, 1 point does not equal $1 (if only!), and furthermore, the dollar value of an AIR MILE isn’t consistent. It varies depending on the reward and sometimes even within the reward category itself. For example, if you are looking for a flight you will notice you need a different number of miles depending on when you want to fly (high vs. low season).

Nonetheless it’s helpful to work with an average mile value when calculating the collective value of your miles. A number of Canadian personal finance resources have compared the dollar values of AIR MILE points and calculated that the average value is between 10-15 cents per mile. We err on the side of caution, and estimate the average AIR MILE value to be $0.105.

Calculate Your AIR MILES Points

Ready to figure out how much your AIR MILES are worth? Use our handy AIR MILES Calculator below to figure out how much your AIR MILES can bring you.

Why Should You Care About the Dollar Value of Your AIR MILES?

Some of you may wonder why you should care about the value of your AIR MILES. After all, these AIR MILES that you accumulate over time are basically just a bonus; what does it matter what their dollar value is if you aren’t technically paying for it?

This is an understandable mentality, but at the same time, don’t you want to make the most out of your AIR MILES and maximize your rewards? Understanding what your points are worth can go a long way when you’re ready to make an air miles redemption. The fewer points you spend, the more you’ll have to use later.

How Are AIR MILES Points Accumulated?

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Knowing how to accumulate AIR MILES is also important, since earning points quickly should be the goal of any points collector. Fortunately, collecting AIR MILES can be done quite easily. First you need to sign up for an AIR MILES membership card which will allow you to earn points at participating merchants. You can then increase your earn rate by signing up for an AIR MILES credit card. There are a few features of AIR MILES credit cards that you can compare directly to determine which is the most lucrative in Canada.

Sign-Up Bonuses

When selecting a credit card within the AIR MILES rewards program, one feature you’ll definitely want to look out for is the card’s sign-up bonus. Some cards may provide a small sign-up bonus immediately following the first purchase made with the card, but the more substantial bonuses usually require cardholders to spend a minimum amount within the first three months of card membership.

bmo air miles world eliteBMO Air Miles World Elite Mastercard

Eligibility Criteria:
– Credit score required: Good-Excellent
– Min personal income required: $80000
– Annual fees: $120 

The BMO AIR MILES World Elite Mastercard offers a lucrative bonus for new cardholders: 3000 AIR MILES after a minimum spend of $3,000 in the first 3 months. The card comes with an earn rate of 1 mile per every $10 spent, and includes comprehensive travel insurance, 2 free VIP airport lounge passes per year.

But note that the card’s high-end features come with a price tag: It has an annual fee of $120 (waived for the first year) and it’s only available for those in a higher income bracket, with a minimum annual personal income of $80000.

Click here to apply for the BMO Air Miles World Elite Mastercard

Earn Rates for Spending

Another consideration to keep in mind is the credit card’s earn rate for spending, or in other words, the amount a cardholder needs to spend to generate AIR MILES. Generally speaking, you’ll need to spend $20 in store to earn 1 AIR MILE when you show your AIR MILES membership, but you can ‘double dip’ by using your credit card to pay.

American Express Air Miles Platinum Credit CardAmerican Express Air Miles Platinum

Eligibility Criteria:
– Credit score required: 
– Min personal income required: $0
– Annual fees: $65 

The American Express AIR MILES Platinum card generates 1 mile for every $10 spent at any AIR MILES partner store, and 1 mile for every $15 spent anywhere else.  This is quite remunerative given the card’s relatively low annual fee of $65, and the fact that it has no minimum income requirement. Those newly approved for the card will receive 2000 welcome AIR MILES with a minimum spend of $1,500 in the first 3 months. Additional perks include travel accident and car rental insurance, as well as purchase protection.

Click here to apply for the American Express Air Miles Platinum card

An Alternative to AIR MILES

Perhaps you tried the AIR MILES flight calculator above and weren’t too impressed with the conversion? While AIR MILES is beneficial for some rewards, it’s not necessarily the best rewards program for frequent travellers.

bmo world elite mastercardThe BMO® World Elite™ Mastercard®

Eligibility Criteria:
– Credit score required: Good-Excellent
– Min personal income required: $80000
– Annual fees: $150 

With the BMO World Elite Mastercard, you can earn a welcome bonus of 50000 points with a .

Cardholders also get comprehensive travel insurance and 4 free airport lounge passes per year, and the earn rate is 2-3 points for every dollar spent depending on the purchase category. Like the AIR MILES World Elite card, applicants are required to have an annual personal income of $80000 or more, and it does come with an annual fee proportional to its benefits ($150, but waived in the first year).

Click here to apply for the BMO Rewards World Elite Mastercard

Article comments

Gary kay says:

I’ve been collecting air miles for about 30-35 years and i don’t know how to find out how many I have and how to claim them need help with that

The GreedyRates Team says:

Hey Gary,

Thanks for the interesting post. If you haven’t been regularly checking your collected Miles (and are a nearly original member) the best way to get caught up is call a representative from the Air Miles program.

Have them help you retrieve your username and password for your Air Miles account, then log in via a web browser on your computer, and you’ll see your total available balance. This interface is also how you’ll spend your points—by redeeming them on flights you can book directly. Ask the representative for more details, if necessary, and thanks again for being a loyal Air Miles recipient and reader!