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You may not have thought a lot about flying over the past year. But with vaccination rates rising and airlines inching back to a more normal schedule, now is a good time to plan how to save money on future flights.
That’s where the smart use of credit card perks comes in handy. There are a lot of cards offering benefits and rewards geared toward travel, and some that feature a rare and useful perk for people traveling as a couple: a free companion ticket.
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The flashiest incentives offered by some travel credit cards are the airport lounge access benefits. For those who would rather spend their pre-flight time relaxing in a cozy lounge with free food and drinks, there are several card options available.
Other common travel benefits that come with cards that offer lounge access include no foreign transaction fees, statement credits for application fees to Global Entry or TSA PreCheck and travel and purchase protection such as trip cancellation insurance, though exact benefits vary by card. Beware hanging out at lounges for fun is frowned upon; same-day travel on associated airlines is usually required to access any in-network lounge.
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Airline miles can save a significant amount of money on travel. They are also, for all intents and purposes, a currency: something that can be exchanged for goods and services, just like actual dollars. But unlike dollars, they don’t have a value everybody understands and shares.
So we crunched the numbers to come up with a monetary value for one of the most widely held airline currencies, Delta Air Lines’ SkyMiles®. Miles can be redeemed for free flights, so their value corresponds to the cash price of a given flight divided by the miles the airline charges for the same flight.