2 steps to miles and points

Summary

‍

Step 1: Earn Points

Earning points is the first—and most crucial—step in maximizing travel rewards. To start, sign up for a travel credit card. Cards designed for travel rewards accumulate points pretty easily, making them the fastest way to build a balance for future trips. While it’s possible to earn miles by flying, using a travel rewards card accelerates the process and can even make premium travel experiences, like business class flights (love!), more attainable.

‍

Step 2: Redeem for Travel

Once points are accumulated, it's time to redeem! There are two main ways to redeem points: fixed points and transferable points.

• Fixed Points: These points have a set value, often 1 cent per point. For instance, if 50,000 points are used for a $500 flight, the value remains steady at 1 cent per point. Fixed redemptions are straightforward—click, redeem, and travel. They’re perfect for those just starting their points journey and looking for a simple way to book their first trip.
  
• Transferable Points: These are the secret weapon for maximizing value. Transferable points can be moved to airline and hotel partners, which often yields higher returns, typically starting at 2 cents per point or more. Bonuses and incentives to transfer points can push that value even higher, giving travel enthusiasts the most bang for their buck. For example, transferring Chase Ultimate Rewards points to partners can unlock flights worth double or triple their fixed value, making business class or premium experiences more accessible.

‍

Fixed Points vs. Transferable Points

While fixed points are beginner-friendly and easy to use, transferable points are where the real travel hacking magic happens. They offer flexibility, higher value, and the potential for exclusive travel perks. For those ready to elevate their travel experience, understanding how to use transferable points effectively is the golden ticket. Start by earning points through strategic credit card use, then choose how to redeem based on travel goals. With just these two simple steps—earn and redeem—your travel dreams are on their way to becoming a reality.