Mahoney Money Minute -- June 29, 2011: The Rule of 100 - Using Credit Card Miles for Airline Travel

In this Mahoney Money Minute, Belmont Savings President and CEO Bob Mahoney recommends the Rule of 100 when trying to determine whether it is worth using airline miles accumulated through the use of one's credit card.

The Rules of 100 works this way: divide the number of airline miles by 100. Every 100 miles should represent $1. If that number is lower than the price you would pay for your travel, use the miles. Otherwise, better to say them for another trip!

Hope that is helpful!

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