How much is the value of 500,000 Air Miles points?
Tired of guessing what the value of 500,000 Air Miles points is? FinlyWealth's point calculator tool can estimate the value of your points when redeemed through various options in Canada.
Loyalty Program
Number of Points
Points
Redemption Options
★BEST VALUE
Travel
500,000 Air Miles points are worth $90,000 on average using the most optimal redemption
$90,000
18¢/point
Statement Credits (Cash)
500,000 Air Miles points are worth $50,000 on average if redeemed for Statement Credits (Cash)
$50,000
10¢/point
Merchandise
500,000 Air Miles points are worth $45,000 on average if redeemed for Merchandise
The Air Miles rewards program is a cardholder’s golden ticket to air travel and beyond.
Best redeemable towards – you guessed it – travel, this loyalty program also boasts redemptions like experiences, vouchers, in-store shopping, and merchandise.
It’s divided into two different forms of currency, Cash Rewards and Dream Rewards – depending on the redemption category.
To learn all there is to know about this program, keep scrolling.
How do you Earn Air Miles Points? 🏆
When it comes to earning Air Miles, there are three status tiers collectors can qualify for: Blue, Gold, and Onyx.
Qualification for the Blue tier is automatic for anyone who sets up an Air Miles account. This tier earns you basic Reward Miles on travel bookings made on your card, specifically 1 Mile for every $15 you spend towards travel. You can also unlock more Miles when you bundle two travel products within a single transaction.
To qualify for the Gold tier, you’ll need to collect 500 to 4,999 Miles in a calendar year. With this tier, you can earn Miles for fewer dollars spent towards travel, receive more Miles when bundling travel bookings, and unlock access to an exclusive annual program promotion.
For Onyx, collectors need to accumulate 5,000 Miles or more in a calendar year. This tier allows you to spend the least amount of money to earn Miles on travel bookings, plus the most Miles when you bundle travel, not to mention access to that exclusive annual program promotion.
How do you Redeem your Air Miles Points? 🤑
There are several different ways to redeem your Air Miles points – beyond the obvious airfare.
For your convenience, we’ve broken down these redemption categories inside of the following table:
Redemption Category
Redemption Options
Air Miles Currency
Estimated Average Point Value
Travel
Use Miles to cover travel arrangements like:
Flights
Accommodations
Car Rentals
Vacation Packages
Cruises and more
Dream Miles
18 cpp
In-Store Partners
Use Miles when paying in person at partner retailers like Shell and Pharmasave
Cash Miles
10.53 cpp
eVouchers
Redeem Miles for eVouchers at partner stores like:
Amazon
Best Buy
Tim Hortons
Winners/HomeSense/Marshalls
Walmart
Starbucks
Lululemon
Sephora
Airbnb
Cineplex and more
Cash Miles
10.53 cpp
Personal Shopper
Apply Miles to nearly anything by submitting a request to the Personal Shopper service and finding out how many Dream Miles are required to cover the desired purchase
Dream Miles
10.53 cpp (depending on price of item)
Charitable Donations
Donate Dream Miles to participating charitable organizations like:
Motionball for Special Olympics
Kids Help Phone
Food Banks Canada
Dream Miles
10 cpp
Merchandise
Using points to pay for eligible products offered by partner brands
Dream Miles
9 cpp
Events & Attractions
Redeem Miles for event tickets and attractions, such as:
Costco Memberships
Plaza Premium Lounge Admission
Toronto Zoo tickets
Cineplex packages
Ski Bromont passes and more
Dream Miles
7.3 cpp
Before moving on, let’s break down those redemption categories even further:
Sign into your Air Miles account and sift through plenty of travel-oriented tabs to book your next trip with Dream Miles.
Eligible travel bookings include:
Flights
Accommodations
Car Rentals
Vacation Packages
Cruises and more
Your Dream Miles can cover 50% or more of your booking.
There are also tons of travel partners to book through.
Flight partners include:
Air Canada
WestJet
Air Transat
Porter
SkyTeam (Delta, Air France, KLM Royal Dutch Airlines, Virgin Atlantic)
Aeromexico
Icelandair
Emirates
Etihad
Lufthansa group (Lufthansa, Swiss, Brussels Airlines, Austrian)
Air New Zealand
Air North
Oneworld (American Airlines, British Airways, Iberia, Finnair)
Qantas
SATA
Condor
Pacific Coast Airlines
Central Mountain Air
Calm Air
Arajet
Car Rental Partners include:
Budget
Avis
Alamo
National Car Rental
Enterprise Rent-A-Car
Accommodation Partners include:
IHG
Hilton Hotels & Resorts
Hyatt Inclusive Collection
Hyatt Zilara & Ziva
Jewel Grande Montego Bay Resort & Spa
Paraiso de la Bonita
Sanctuary Cap Cana
Wyndham Alltra Resorts
Other trip-oriented partners include:
Walt Disney World Resort Florida
Disneyland
Universal Orlando Resort
Universal Studios Hollywood
AMSTAR DMC
PARK’N FLY
Whether you choose to shop in-store at partners like Shell or Pharmasave, you can redeem 95 Cash Miles for $10 towards eligible purchases, capped at $750 daily.
As with other Cash Rewards provided by Air Miles, cardholders can redeem 95 Cash Miles for $10 towards eVouchers. While the redemption rate typically stays the same, eVoucher-value can be increased to up to $200, depending on the brand.
Air Miles also provides Onyx members with access to a Personal Shopper service, allowing them to put their Dream Miles towards nearly anything.
How it works:
Shop as usual until you find a desired item
Sign in to your Air Miles account to submit a request to find out how many Dream Miles the item is worth
Within 5-10 business days, you’ll receive a quote
If you’re happy with the provided quote and you have enough Dream Miles to make the redemption, confirm your purchase with the Personal Shopper Service Team over email
For a better idea of how many Dream Miles you’ll need to spend for your dream purchase, make use of the Dream Miles calculator where you can input the product cost for an estimate of how many Miles are needed to cover the total.
Maybe your dream is to make someone else's dreams come true. In that case, consider donating your Dream Miles to an eligible charitable organization.
Participating organizations include:
Motionball for Special Olympics
Kids Help Phone
Food Banks Canada
For any of the above charities, cardholders can exchange 500 Dream Miles for a $50 donation.
Perhaps you’d like to turn your Dream Miles into eligible merchandise.
Choose from hundreds of products from partnered brands in categories like:
Electronics
Kitchen and Dining
Home
Outdoor Living
Kids, Baby and Pets
Fashion and Beauty
Luggage and Travel
Sports and Fitness
Hobbies, Music and Games
Sustainability
Entertainment
The exact cent-per-point value of your purchase will also depend on the product you're looking to redeem points towards.
To calculate your cent-per-point value on a specific product, simply divide the value of the product by the amount of points required for the redemption, then multiply that result by 100.
Air Miles collectors also have the opportunity to put their Dream Miles towards special events and attractions.
As noted in the redemption table, these events and attractions include:
Costco Memberships
Plaza Premium Lounge Admission
Toronto Zoo tickets
Cineplex packages
Ski Bromont passes and more
Similar to merchandise, the exact cent-per-point value of your purchase will also depend on the event ticket, pass, or membership you're looking to redeem points towards.
For a better idea of what your cent-per-point value is, divide the value of the ticket, pass, or membership by the amount of points required for the redemption, then multiply that result by 100.
To make the exchange, check out the Entertainment tab in the Air Miles merchandise catalogue and sign into your Air Miles account.
What’s the Best Way to Optimize Your Air Miles Points?
Generally (and perhaps unsurprisingly), the best way to optimize your Air Miles points is to redeem your Dream Miles towards eligible travel bookings.
Still, some substantial cent-per-point values exist within redemption categories like In-Store Partners, eVouchers, and Personal Shopper services. In fact, by striking the right deal, you may even be able to score higher values through eligible merchandise purchases.
All things considered, redeeming Miles towards travel is simply the most consistently valuable option.
Are Air Miles Points Worth it?
Expanding off of our last point, Air Miles are perhaps the most worth it for frequent travellers since travel redemptions tend to be the most consistently valuable redemption category.
At the same time, frequent shoppers might find this loyalty program worthwhile considering its high cent-per-point values on In-Store Partner purchases, eVouchers, and the flexible Personal Shopper program.
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