Scotiabank offering cash for AERO points since COVID has many grounded
Exchanging travel rewards for hard cold cash is actually be possible for holders of one credit card in Barbados now.
Air travel ground to a halt globally since March 2020 and though it is slowly picking back up, many are still hesitant because there is no available COVID-19 vaccine as yet.
Against this background, Scotiabank is making an economical and timely move for some of its Mastercard holders.
In a statement, Scotiabank has announced that "Aero points can be converted to money for a limited time until October 31, 2020."
The bank said that "Our AERO* travel rewards program was designed with your vacations in mind. Given the uncertainty of safe travel and the cost to travel, we're pleased to offer for a limited time alternate option to use your Aero points...
"Now, you can get the cash to buy the things you need the most. Convert your Aero points to money and use your Scotiabank Aero Mastercard®* credit card to shop at grocery stores, pharmacies, restaurants and more."
Noting that conditions apply, the statement indicated to customers that for every 10,000 points they can receive BBD $200.
In regard to how is the cash claimed, Scotiabank says that "points can be redeemed for a credit that will be applied directly to your credit card account."
How do travel rewards convert usually in relation to travel?
For every USD $1, a customer receives 1 Aero point.
See how far you could go for your miles below: