For those of you that are earning miles in a Mileage Savings Account, you’re going to be earning 20% less miles starting tomorrow, Nov 1, 2024.
The rate will be reduced from 2.5 miles per dollar per year to 2 miles per dollar.
For sure, this will change the equation on earning miles vs. earning cash – especially since as of today, the Interest Savings Account at Bask Bank has one of the highest rates anywhere at 4.85%.
While the miles are taxed at just 0.42 cents each vs obviously the full amount in cash, I do think this may tip the needle for some. Luckily if you do have a Bask Bank Interest Savings Account it is super easy to move money from the Mileage Savings account to the Interest Savings account.
Thoughts?
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