The good news is that you can choose whether you earn all Dream Miles, all Cash Miles, or a mix of both depending on your need, goals, and shopping habits. While you can’t swap one kind of earned MILE for another, you can change the ratio of MILES you earn on purchases if your needs or preferences change later on. Dream Miles will give you the highest redemption value when used for flights and other travel-related expenses. However, there are fewer redemption opportunities and more restrictions. You will need to spend more time planning and pay close attention to detail in order to get the best value for your Dream Miles. Dream Miles are a good choice if you love to travel and don’t mind putting in the work to optimize your MILES. Cash Miles have a lower redemption value but you can redeem them almost immediately in-store or online. Where available,  95 Cash Miles will get you $10 off a purchase when you swipe your AIR MILES card. You can also redeem your Dream Miles for goods and services through the AIR MILES website. The AIR MILES program is one of the largest loyalty programs in Canada with a large network of partner merchants across the country. Therefore, you have much more flexibility to redeem your Cash Miles to save money on everyday purchases. Despite the lower redemption value, Cash Miles are a good choice if you are less concerned with travel, and prefer more ways to save when you shop instead.