Are you leaving money on the table by not collecting rewards? Or maybe you don't think it's worth the time and energy of signing up and remembering to scan your card (or use the app) to collect? Well, to hopefully change your mind and get you to start earning rewards on things you're already spending money on, for this episode, I'm joined by President of AIR MILES Shawn Stewart who shares what big changes have happened to the program, what innovations are to come, and how you can take advantage of this free program to earn miles and redeem for travel, merchandise and so much more.
I've actually been an AIR MILES member since I was in my early 20s and it was the first rewards program I ever signed up to since I remember being told by my mom that if you're not collecting rewards, you're missing out on free money. And it's true. Over the years, I've been able to redeem my miles for gift cards, free groceries, and merchandise, and it costs me nothing to participate besides the time it takes for me to whip out my card (or the app) and scan it whenever I'm doing my shopping.
I've always been of the mind that loyalty programs should be part of everyone's financial plan, so hopefully you'll learn a few things about why rewards are important, why you should take advantage, and what are the best ways to earn and redeem AIR MILES specifically.
*This episode of the More Money Podcast is sponsored by AIR MILES®. Sign up today and start earning rewards with the AIR MILES Reward Program™*
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CHAPTERS
00:00 Introduction
02:54 Guest Background
04:25 History and Acquisition of Air Miles
07:16 Increasing Value and Competition
08:32 Partnerships with Small Businesses
09:28 Discovering Air Miles Partners
11:59 Different Ways to Collect Air Miles
14:53 Understanding Dream Miles and Cash Miles
16:28 Preference for Instant Discount or Saving for Big Rewards
18:42 Redemption Trends and Strategies
21:09 Where to Find Deals
22:19 Understanding the Value of Miles
23:07 The Effort and Benefits of Loyalty Programs
24:08 Considering the Value of Participation
25:07 Integrating Loyalty Programs into Your Financial Plan
25:58 The Benefits of Credit Cards and Tiers
26:54 Redeeming Miles for Cars and Other Assets
27:59 Being Mindful of Your Loyalty Program Participation
29:13 Transferring Points in Unfortunate Circumstances
30:12 Considering Points in Estate Planning
32:42 Stories of Air Miles Collectors
33:18 Why Collect Miles
34:19 Upcoming Innovations and Partnerships
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TAKEAWAYS
• Check the AIR MILES app, newsletters, and forums for deals and promotions.
• The value of miles depends on what you redeem them for.
• Integrate loyalty programs into your financial plan and consider credit cards and tiers for additional benefits.
• Be mindful of your loyalty program participation and regularly review your points.
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RESOURCES
📌 Download the AIR MILES app https://www.airmiles.ca/en/get-help/download-the-app.html
📌 Sign up for the AIR MILES® Reward Program™ https://www.airmiles.ca/en/join/profile-details.html
📌 Show notes & transcript https://jessicamoorhouse.com/393
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I'm Jessica Moorhouse, a money expert, Accredited Financial Counsellor Canada®, speaker, content creator, and host of the More Money Podcast. I'm based out of Toronto, ON, Canada and run my own business, MoorMoney Media Inc., to educate others about financial literacy. To learn more, check out my website https://jessicamoorhouse.com
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