If you fly regularly, you build up frequent flier miles. Many people save up and sit on their miles so they can take a pleasure trip later on, but that may not be get you the most out of your miles. No matter what airline's frequent flier program you're using, follow some simple rules to get maximum leverage on what you've built up. Remember that in a down economy when airlines are cutting back flights, frequent fliers will have fewer options.
Use your miles for short flights. More seating options can be found on shorter trips between large cities, such as Los Angeles to Denver. Cash in your points frequently since you don’t earn interest by letting the points sit around.
Consider saving points for last-minute travel if you frequently book such flights. Some airlines charge more for last-minute travel. Using frequent flier miles can get you on that last-minute flight without paying large fees.
Use the “saver rewards” whenever possible. Most frequent flier programs have a standard award and a discount award. It can cost double the number of points to use a standard one instead of the discounted reward. Book early to take advantage of the saver awards.
Consider upgrading to first-class. Many times first-class tickets are overpriced. If you prefer to splurge and travel in luxury, mileage points are a one way to enjoy this perk without straining your wallet.
Calculate cost per point. When booking your next vacation, look at how much money the airplane ticket would cost you without using points. Divide this by the number of points the airplane ticket would cost you. This will give you an idea as to whether you should use your points or save them for a more expensive flight.