Extract some extra mileage from frequent flier points

Source: Gary Stoller, USA Today

Frequent flier Tim Pigsley might be called a gift-card junkie. He cashes in airline frequent-flier miles for gift cards for Home Depot, Harry & David and other retailers. Last year, he cashed in miles for gift cards worth $2,500, including many for holiday gifts. "It's actually gotten cheaper to pay cash for plane tickets and use miles for other purchases instead of free flights," says Pigsley, a hotel owner in Bradenton, Fla.

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