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More Air Miles In Circulation Than Dollars!

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More Air Miles in circulation than dollars

The pool of unredeemed frequent-flier miles is the most voluminous currency in the world, worth more than the cash supply of dollars and pounds combined.

According to a new analysis by The Economist magazine, the global stock is worth more than $700bn (£370bn), more than all the US dollar bills in circulation, and streets ahead of Britain's £42bn of notes and coins...

A close look at the rules can expose unbeatable deals. A civil engineer from California, David Phillips, became known as the "pudding guy" after calculating that an offer of frequent flyer miles with food at his local supermarket yielded a remarkable return. He spent $3,000 on 12,000 Healthy Choice chocolate desserts and earned $25,000 worth of free flights, enough to pay for travel for the rest of his life.

from link

Seems like they are quite valuable for trading on Ebay!

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how do air miles work ?

i am planning a long haul flight and was looking at PAPER AIR MILES on ebay.

you can get 400 air miles for about 40 pounds,

how much would i save on my ticket ?

can i use them with any airline ?

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  • 338 Brexit, House prices and Summer 2020

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      • down 5% +
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