Calculating the worth of each Air Mile and Aeroplan point
Let’s say you spend $20 at a partner store with both Air Miles and Aeroplan. Depending on the store, you might earn 1 Air Mile (worth 10 cents) or 20 Aeroplan points (worth 20 cents) for your purchase. In this case, Aeroplan points are actually worth more despite Air Miles having a higher value per point.
That said, if you get a return of one Air Mile for every five dollars you spend, then you’ll earn one Air Mile (worth 10 cents) and 5 Aeroplan points (worth 5 cents) for the same type of transaction. As you can see, the return you can get on each point depends on how many Air Miles you earn for each dollar you spend.
With this in mind, you should try to figure out the earn rate you’ll get on points at the places you shop most frequently to decide which program is the best fit for you.
