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Save money on car rentals with AIR MILES

It can be interesting to rent a car with AIR MILES DREAM miles to save a lot of money! Find out how.

Car rental with AIR MILES

Car rentals with AIR MILES are only available with DREAM miles (not CASH miles).

We compared the different car rental rates to get a fair picture of the value of our DREAM miles!

To do this, we did a search:

  • for a week
  • for a compact-size model
  • on the AIR MILES website
  • on the website of the rental company chosen by AIR MILES
  • on the Costco Travel website (known to be one of the cheapest on the market)

AIR MILES allows you to rent a car anywhere in North America and in some parts of Mexico, the Caribbean, Central America and South America.

We took 2 examples: Orlando and Hawaii (Honolulu).

Renting a car in Orlando with AIR MILES

Orlando is one of Canada’s favourite family destinations for its many theme parks, including Walt Disney World.

In fact, we’ve written a number of articles that help you save money on a family trip to Disneyworld on the major expenses of the trip:

Let’s find out how much a car rental costs with AIR MILES DREAM miles.

On the AIR MILES website

On the AIR MILES website, a compact car rental in Orlando costs 1,680 DREAM miles and US$ 72.29.

AIR MILES’ rental partner is Budget.

mco air miles car rental

On the Budget website

On the Budget website, a compact car rental in Orlando costs US$ 391.01.

mco budget car rental

On the Costco Travel website

On the Costco Travel website, a compact car rental in Orlando costs US$ 343 (at Alamo) and US$ 376 at Budget.

mco costco car rental

Summary of car rental in Orlando

With these 3 components, and adding the US$>CA$ conversion rate (1 US$ = 1.35 CA$ – April 2019), we are able to see how much our AIR MILES DREAM miles are worth for a car rental!

Rate (US$) Rate (CA$) Miles
AIR MILES US$ 72.29 CA$ 97.59 1 680
BUDGET US$ 391.01 CA$ 527.86
COSTCO US$ 342.86 CA$ 462.86

The cheapest rate for the same vehicle is Costco at CA$ 462.86.

Thus:

  1. CA$462.86 – CA$ 97.59 = CA$ 365.27
  2. CA$ 365.27/ 1,680 miles = $0.22/ mile
  3. or 22 cents / mile

Here, 1 680 DREAM miles allow us to save CA$ 365.27

It is therefore particularly interesting to use your AIR MILES miles for a car rental in Orlando since we get a value of 22 cents per DREAM mile, much more than what we would have had with CASH miles (10.5 cents).

With the welcome bonus for just one credit card, the BMO AIR MILES Mastercard, you could earn up to 1,000 AIR MILES miles!

For this type of valuation at 22 cents per mile, those 1,000 miles are worth $220!

Which is pretty great for a card that requires no minimum income and has no year-to-year fees!

Renting a car in Hawaii with AIR MILES

Hawaii is a popular destination and flights are often very cheap.

Let’s find out how much a car rental in Hawaii costs with AIR MILES DREAM miles.

On the AIR MILES website

On the AIR MILES website, a compact car rental in Hawaii costs 2,410 DREAM miles and US$ 86.82.

AIR MILES’ rental partner is Budget.

hnl air miles car rental

On the Budget website

On the Budget website, a compact car rental in Hawaii costs US$ 537.33.

hnl budget car rental

On the Costco Travel website

On the Costco Travel website, a compact car rental in Hawaii costs US$ 526.72 at Budget (which is the cheapest offered).

Hawaii Car Rental Summary with AIR MILES

With these 3 components, and adding the US$>CA$ conversion rate (1 US$ = 1.35 CA$ – April 2019), we are able to see how much our AIR MILES DREAM miles are worth for a car rental!

Rate (US$) Rate (CA$) Miles
AIR MILES US$ 86.82 CA$ 117.21 2 410
BUDGET US$ 537.33 CA$ 725.40
COSTCO US$ 526.72 CA$ 711.07

The cheapest rate for the same vehicle is Costco at CA$ 711.07.

Thus:

  1. CA$711.07 – CA$ 117.21 = CA$ 593.86
  2. CA$ 593.86 / 2,410 miles = $0.25/mile
  3. or 25 cents / mile

Here, 2,410 DREAM miles allow us to save CA$ 593.86.

It is therefore particularly interesting to use your AIR MILES miles for a car rental in Hawaii since we get a 25 cent value per DREAM mile, much more than what we would have had with CASH miles (10.5 cents).

With the welcome bonus for just one credit card, the BMO AIR MILES World Elite Mastercard, you could earn up to 3,000 AIR MILES miles!

For type of valuation at 25 cents per mile, those 3,000 miles are worth $750,

Not bad for a card that is free for the first year 😉

The best credit cards for your car rental insurance

American Express and BMO are the only two institutions that offer AIR MILES credit cards. There are 14 to choose from!

Both of these institutions have cards that include collision damage waiver coverage for rental vehicles. This saves you from having to pay the insurance to the rental company, which often amounts to between US$ 16 and US$ 32 per day!

Here are some of the American Express and BMO AIR MILES-affiliated cards that include Collision Damage Waiver insurance for rental vehicles, and the different underwriting offers currently available:

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