In a few weeks, my wife and I are headed to Oahu, Hawaii.
Over the years I racked up 100,000 airline miles. To get to 100,000 you need to fly a lot, stay at a lot of hotels, ring up a massive tab on your credit cards, and last but not least make sure those miles show up on your account. It’s an exhaustive endeavor. A flight from Denver to Hawaii requires 50,000 miles per person. So after the trip, all the miles in my account will be depleted.
Airlines view miles as a currency and for most airlines each mile is worth $.02, two Abraham Lincolns. So if you do the math, 100,000 miles is equivalent to $2,000. One quick look on expedia.com and my wife and I could’ve flow to Hawaii for $1000 ($500 per person). D’OH!
That got me thinking, when is the best time to buy airline tickets? The answer is Wednesday according to Smart Money.
When to buy: On a Wednesday, 21 days (or a couple of days earlier) before your flight.
Why: Airlines make major pricing changes (and run fare sales) every week, typically on Tuesday evenings and Wednesday mornings. About 21 days out from your flight, you’ll see plenty of deals out there as airlines scramble to fill seats, says Anne Banas, executive editor of SmarterTravel.com, a consumer travel advice Web site. Don’t wait much longer, she cautions; prices jump significantly from 14 to seven days ahead of departure.
So their you have it, save your miles and buy your airline ticked on a Wednesday.
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