Note–I have no affiliate relationship with Bask Bank.
This week, I received an email from Bask Bank letting me know that the mileage payouts on my accounts are increasing. Mileage Savings Accounts now earn 1.5 AA miles for every $1 saved annually. This is an increase from the original 1 mile and prior 1.2 miles per dollar.
In case you’re not familiar with Bask Bank, the online Mileage Savings Accounts earn AA miles instead of cash interest. See my original post here.
For many people, cash is king. And with rising interest rates, these Mileage Savings Accounts might not make sense for some. Bask Bank also has a regular online interest savings account that currently earns 2.75% APY.
Right now, I’m sticking with the mileage accounts. Since I live in an AA hub, I’ve had luck in finding AA Web Special Awards at deep discounts. In fact, I booked a last-minute college visit trip with AA Web Special Awards for this weekend.
How does my family travel so much? We use miles and points from credit card bonuses. See my Travel Hacking 101 post as well as current credit card offers here.