The Points Guy: Don’t Make These Credit Card Points Mistakes


You wear ' t need to be a frequent tourist. I believe the most significant error that individuals make when redeeming points is to just take the most convenient redemption they see. When I put it in perspective that 100,000 points would you rather go business class to the Caribbean for two or have 5 hundred bucks declaration credit? If you like flying Southwest,.
Think about the airline you desire to fly, the paths you desire to take.

Video Transcript: If you'' re paying for money for
things, you'' re declining in the points that you could have earned because you'' re losing the opportunity to make points. , if you understand absolutely nothing about points and miles and charge card, don'' t concern. If you reside in the United States and you'' ve got a decent credit rating, that'' s all you require. You don ' t need to be a frequent tourist. The secret is to get credit card register bonuses, which can be a complimentary trip in themselves. And then also make the most of every dollar you invest. When redeeming points is to simply take the simplest redemption they see, I think the most significant error that people make. Whenever they make it so simple and, “” OK, why not?”” Don'' t do it. Open up your statement, “” Oh do you want a declaration credit utilizing 100,000 points for $500?”” When I put it in point of view that 100,000 points would you rather go organisation class to the Caribbean for two or have five hundred bucks declaration credit? Everyone will say, “” Well I'' d. rather go to the Caribbean.”” if you love flying Southwest.
put on'' t get an Amex card.Chase has a lot of Southwest cards. Believe about the airline you desire to fly, the routes you wish to take. Do you have kids in school?
And you need flexibility and you can'' t really be extremely.
flexible, then certain airline programs might not be for you. I like redeeming my points for.
like the “” huge daddy trips”” like Emirates very first class where.
you can shower at 40,000 feet. I'' ve done it a dozen times.
and it never ever gets old. Particularly when you know you paid.
less for your seat than the cheapest coach ticket.
on that airplane. In general, redeeming for.
first and business class globally is going to get you.
When it comes time, the most bang for your points and.
to hotels attempt to redeem for sweet spots within your hotel.
program like getting a 5th night complimentary or doing an.
air and hotel bundle. And another thing individuals are.
really dumb about is hoarding their points. I wear'' t understand why however individuals.
simply love to keep their points and they get weapon shy when.
it comes time to redeeming them.The airlines are constantly increasing.
the quantity of miles required for flights. If today it'' s 150,000 miles to.
go organisation class to Europe big salami, in a year or.
two it'' s really likely that possibly 200,000 – 300,00 points. If you have transferable.
points, like Chase Ultimate Rewards, Amex Membership Rewards, you'' re going to get the most value in general by.
transferring them to airline company partners and after that redeeming.
for actually expensive flights. Whether that'' s an eleventh hour. coach ticket or an international first class ticket to.
Asia, if you can discover those awards you'' re gon na get way.
more than 2, 3, 4 cents per point in value. And that is winning.Put together a plan and a goal and work back from there. As found on YouTube – Creative Commons License.

License: Creative Commons