a black wallet with a blue and black card holder
Let's cut to the chase. Some links on this site pay us referral fees for sending business and sales. We value your time and money and won't waste it. For our complete advertising policy, click here. The content on this page is not provided by any companies mentioned, and has not been reviewed, approved or otherwise endorsed by these entities. Opinions expressed here are the author's alone.

You’re living the dream, planning your next great adventure, earn enough points to do something fantastic – and then. That’s the part no one wants to talk about. These days “and then” is a more and more common part of the points and miles equation. Airlines and hotels are devaluing their points at an alarming rate, and there’s one costly mistake too many people make.

an airplane with a bed and a televisionIn The Bank

In general – the best strategy with earning points, is to earn flexible points from a bank. We’re talking Chase Ultimate Rewards, Citi ThankYou, American Express Membership Rewards and Starwood Preferred Guest points. Why? Because they can go anywhere in a moments notice, but they’re protected from devaluation.

a black wallet with a blue and black designDon’t Move

Points transfers from a bank to an airline or hotel are one way only. The advice here is that once you move your points, you better be ready to use them. Moving points out of the safety of a bank, where you can move the points to multiple airlines, is a walking disaster, if you’re not ready to immediately cash in. If an airline devalues their points, which occasionally happens without any notice, you’ll be left holding the bag – for all the extra points you now need.

two people walking on a beachAnd Arbitrage

By leaving your points in a flexible currency, you can take advantage of the occasionally transfer bonuses which grace us. You’ll certainly feel like a fool – if you transferred points over to an airline the week before, without needing to use them, only to find that there’s a 40% bonus on transfers to said airline, the week after.

Gilbert Ott

Gilbert Ott is an ever curious traveler and one of the world's leading travel experts. His adventures take him all over the globe, often spanning over 200,000 miles a year and his travel exploits are regularly...

Leave a comment

Your email address will not be published. Required fields are marked *