<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by CT-UK:
This is an easy one for me.
I always spend my miles as soon as I reach a reward I want. I always use them for F class travel on BA so as soon as I hit the 240-300k each year that I need I cash them in. I never use them for coach travel as I can buy a ticket for a not much. If you look at my account in regularly goes from 300k to 0 and then back up again during the year.
I/We have decided to use them for nice holidays each year rather than saving them up.
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I do exactly the same thing, no reason to use miles for a trip that I can buy for $300. I use miles in large chunks for trips that would be significantly more expensive using cash.