Travel in the Golden Years: Miles & Points for Seniors and Retirees

Seniors and retirees are a significant demographic in the Miles & Points scene, as they tend to combine a desire to travel in greater comfort at a lower cost with a near-limitless amount of time and appetite to travel the world.

In fact, many of our Points Consulting clients are retirees who are looking to utilize their stockpiles of points to fulfill long-awaited dream trips.

When it comes to award travel, how might seniors and retirees approach Miles & Points strategies differently than other demographics, given their particular needs and availability?

Use Flexibility to Your Advantage

The more flexible you are when redeeming points, the greater chances you have of booking the exact flight you want at the best deal. And there aren’t many people with a greater degree of flexibility than retired folks who are free to book travel on any day of the week or any month of the year.

Indeed, this is one of the key factors to remember and use to your advantage as you’re searching for award availability on the most coveted routes.

Award availability tends to be at its greatest either far in advance or close to the date of departure.

Seniors and retirees are better able to forecast when they’d like to fly, since they don’t have to worry about taking time off of work or planning around school holidays.

Therefore, if an ideal flight in, say, Qatar Airways Qsuites becomes available far in advance, seniors and retirees can book seats as soon as they open up, and then worry about planning the rest of the trip after the fact.

On a similar note, without any commitment to a workplace, seniors and retirees can take advantage of last-minute award availability, too.

For example, Australia is a common destination for many retirees, as it has a lot to offer. However, with such a long distance to cover, flying in business class might be necessary to make the trip possible.

The good news is that business class flights to Australia from West Coast hubs often appear within a few weeks of departure on Aeroplan.

In fact, this is one of the only ways to get a good deal on Air Canada business class flights to Australia, as dynamic pricing usually skews the price much higher. Plus, United reliably releases business class awards within a month of departure.

The same holds true with other programs, including American Airlines AAdvantage, which features ample last-minute awards on routes that are otherwise difficult to book in advance.

Even once you’ve narrowed down the general window of dates for your trip, having the flexibility to travel within a span of two or three days can still go a long way.

For example, imagine if you wanted to fly the much-acclaimed EVA Air business class back to your home base of Toronto on the Sunday at the end of the month. Unfortunately, you might find yourself faced with only a long-haul flight to Vancouver followed by a red-eye flight to Toronto on that day.

A working professional may have to simply accept their fate and show up bleary-eyed to work on Monday morning, or pick a different routing altogether.

However, as a retiree, you may also check for availability on the days that surround that flight, when a more convenient direct flight may well be available.

Overall, flexibility is your greatest advantage as you plan travel, as you can easily adapt your travel schedule to fit whatever flights airlines decide to make available.

If you’d like some assistance with redeeming the points you’ve built up, be sure to get in touch with one of our expert Points Consultants.

Direct & Convenient Routings

On a related note, while some travellers enjoy fitting in multiple connections and trying out many different airlines when travelling on points, senior travellers are more likely to prefer the comfort and convenience of taking non-stop flights instead.

Illogical routings are a somewhat bittersweet reality in award travel: as a result of the limited flexibility that most of us have, we may resort to accepting multiple connections along the journey just to score a deal. Some aviation enthusiasts might do this on purpose, by squeezing in as many flights as possible and taking the long way around.

By and large, however, senior travellers simply want to get to their destination as quickly and comfortably as possible. If that describes you, then make sure to familiarize yourself with the best airlines and redemption sweet spots for convenient direct flights out of North America.

Luckily, many of the world’s best airlines offer non-stop routes to hubs in Canada and the United States, and nearly all of them can be booked with points.

For example, you can use Aeroplan points to book non-stop flights in business class from North America to most parts of the world. While you’ll always have the most destinations to choose from when flying with Air Canada or United, you can also try out some other excellent airlines, including:

• Air New Zealand
• ANA
• Emirates
• EVA Air
• Lufthansa
• Singapore Airlines
• Swiss
• Turkish Airlines

Outside of the Aeroplan and Star Alliance ecosystem, there are plenty of other airlines that operate direct flights to North America that are easy to book with points, too.

For flights to Europe, consider looking at Air France or KLM through the Flying Blue program. Between the two airlines, you can score a direct flight to Europe from most major cities in North America at a great price, and continue onward to other European nations with seamless connections if you wish.

Many airlines in the oneworld alliance also offer some great options for getting to different parts of the world directly from North America.

If you’re looking to go to the Middle East, the Indian subcontinent, or parts of Africa, look no further than Qatar Airways and its industry-leading Qsuites business class product.

For flights to Asia, be sure to give Japan Airlines and Cathay Pacific some consideration, especially if you’re able to find seats in business class or First Class. You can use programs such as British Airways Executive Club, American Airlines AAdvantage, Cathay Pacific Asia Miles, or Alaska Airlines Mileage Plan to search for and book these flights, and they’re all easy to access through credit card reward programs.

In any event, North Americans are spoiled for choice when it comes to airlines. The most difficult part is finding premium cabin award space; however, since seniors and retirees have nearly endless flexibility, the odds are more stacked in their favour.

Medical Insurance for Travellers Over 65

The topic of medical insurance on credit cards is another a commonly asked question, and rightly so: most credit card insurance policies will only cover those under a certain age (usually 65 years old) and only for a certain amount of time (e.g., 15 days from the date of departure for your out-of-province trip).

Travellers aged 65 or older will need to look a little harder and read the fine print to see which credit card insurance covers them. Thankfully, there are actually quite a few of credit cards available that offer coverage to seniors with relatively short trip durations.

(As always, you’ll want to give the insurance booklet a thorough read to ensure the coverage applies to your specific situation).

If you live in Ontario, be sure to take a close look at the Meridian Visa Infinite* Travel Rewards Card for its travel insurance coverage.

Travellers aged 65–75 are covered for up to 15 days and up to $5,000,000 per insured person per trip.† As an added bonus, some of the coverage also applies to the cardholder’s grandchildren if they’re travelling together.†

Meridian Visa Infinite* Travel Rewards Card

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First-Year Value: $70

• Earn 7,000 Meridian Rewards Points awarded after two billing cycles from approval
• Plus, earn 6 Meridian Rewards Points per $2 spent in foreign currencies outside of Canada
• Then, earn 3 Meridian Rewards Points per $2 spent on all other eligible purchases
• Visa Infinite* benefits
• Minimum income requirement: $60,000 (personal), $100,000 (household)
• Annual fee: $99 (rebated in the first year)

Aside from the Meridian Visa Infinite* Travel Rewards Card, National Bank offers three credit cards with solid insurance coverage for seniors between the ages of 65 and 75.

The National Bank® World Elite® Mastercard® and the National Bank World Mastercard both offer 15 days of emergency medical coverage for up to $5,000,000, while the National Bank Platinum Mastercard offers 10 days of coverage, which is valid for travellers above the age of 65 but no older than the age of 75 on out-of-province trips.

One other generally overlooked issuer also stands out in this regard: Desjardins.

The Desjardins Odyssey Gold Visa Card offers 31 days of coverage for those aged 60–64, and 15 days of coverage for those aged 65–75.

If we look at the more mainstream issuers, Scotiabank stands out for its insurance coverage for travellers aged 65 and above, although the durations are much shorter: the Scotiabank Platinum American Express® Card offers 10 days of coverage, while the Scotiabank Gold American Express® Card and the Scotiabank Passport® Visa Infinite* Card offer three days of coverage.†

Moreover, Scotiabank products don’t impose an upper limit on the traveller’s age, so they could be a good solution for travellers aged over 75 embarking on shorter trips.

Scotiabank Platinum American Express® Card

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First-Year Value: $161

• Earn 50,000 Scene+ points upon spending $3,000 in the first three months
• Earn an additional 10,000 Scene+ points upon spending $10,000 in the first 14 months
• Plus, earn 2x Scene+ points on all purchases
• Priority Pass membership with 10 free lounge visits per year
• Enjoy the exclusive benefits of being an American Express cardholder
• Annual fee: $399

Note that most credit card insurance policies will exclude any pre-existing medical conditions that aren’t stabilized, and that the coverage period usually isn’t very long for senior travellers.

If you’re going on a longer trip than the coverage period or would like to have your pre-existing condition covered as well, consider purchasing a separate travel insurance policy to be on the safe side.

What About Cruises?

Statistics in the travel industry indicate that seniors appreciate cruises the most out of any age group, and many older travellers might be interested in using points to book cruises as well.

Let’s start with the bad news: getting a good deal for cruises directly using points is an unlikely occurrence. Most cruise companies don’t offer traditional airline- or hotel-style loyalty programs, and therefore it’s almost impossible to book a cruise with points for outsized value the way you would book a flight or hotel.

However, you can still use fixed-value points currencies like TD Rewards, Scene+, CIBC Aventura, and BMO Rewards to either cover the complete cost of a cruise or at least offset a large portion of your expenses.

Additionally, if we consider the overall expenses of a cruise expedition, the costs would usually include flights to and from the departure and arrival ports, as well as hotel nights before and after the sailing. These can easily make up a significant amount of the overall cost of the trip, and are more easily bookable using points.

For example, booking one-way flights or open-jaws – perhaps flying into Rome and out of Barcelona on either end of a Mediterranean cruise – can be much more favourable when redeeming points compared to booking a similar trip using cash.

And since it’s always prudent to fly into your port of departure at least one day before your cruise departs, you can put your Marriott Bonvoy, Hilton Honors, or World of Hyatt points to good use and book a hotel close the port for your overnight stay.

Conclusion

In addition to all of the above, don’t forget about the general travel advice that may apply to the older segment of the population too, such as taking advantage of senior discounts whenever you can or ensuring that any special requests you might need (e.g., wheelchair assistance) are communicated to your travel providers well in advance.

Senior travellers may prefer non-stop flights and face a more limited set of credit card insurance options, but that’s also outweighed by a key advantage of having a much higher degree of flexibility than the average traveller. Age is just a number after all, so never let that hold you back from taking advantage of all the opportunities at hand to see the world.

As for the rest of us who are not yet retired, we’ll have to either take a sabbatical to achieve that same level of flexibility, or wait until we’ve acquired enough wisdom in our lives to reap the same rewards.

† Terms and conditions apply. See card provider’s website and card application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.