{"id":42769,"date":"2024-07-28T21:00:50","date_gmt":"2024-07-28T21:00:50","guid":{"rendered":"https:\/\/awardwallet.com\/blog\/?p=42769"},"modified":"2026-04-08T14:00:09","modified_gmt":"2026-04-08T14:00:09","slug":"types-of-rewards-points","status":"publish","type":"post","link":"https:\/\/awardwallet.com\/travel\/types-of-rewards-points\/","title":{"rendered":"Back to Basics: An Introduction to the Types of Reward Points"},"content":{"rendered":"<p>With so many loyalty programs available, it can be difficult to see the big picture of how different types of reward points fit into your overall strategy. Which points are best? The answer:\u00a0<a target=\"_blank\" href=\"\/travel\/beginners-travel-rewards-strategy\/\" rel=\"noopener\">It depends entirely on your goals<\/a>. In this post, we\u2019ve organized rewards points into four types or groups based on how you can redeem them.<\/p>\n<p>For those new to points and miles, this framework is a great starting point to compare the strengths and weaknesses of different programs. We'll illustrate how different types of reward points work. It's worth noting that you can find some types of points that don't fall neatly into a single category. For example, you might have multiple redemption options with a single currency. This is usually for the best, however, since you can take advantage of greater flexibility.<\/p>\n<p>Once familiar with the basics of various types of reward points, you'll be able to see which type(s) best fits your travel needs.<\/p>\n<div id=\"toc_container\" class=\"toc_light_blue no_bullets\"><p class=\"toc_title\">Page Contents<\/p><ul class=\"toc_list\"><li><a href=\"#Fixed-Value_Reward_Points\">Fixed-Value Reward Points<\/a><ul><li><a href=\"#Cash_back\">Cash back<\/a><\/li><li><a href=\"#Travel_statement_credits\">Travel statement credits<\/a><\/li><li><a href=\"#Travel_portals\">Travel portals<\/a><\/li><li><a href=\"#Fixed-value_airline_points\">Fixed-value airline points<\/a><\/li><li><a href=\"#Fixed-value_hotel_points\">Fixed-value hotel points<\/a><\/li><li><a href=\"#Strengths_of_fixed-value_points\">Strengths of fixed-value points<\/a><\/li><li><a href=\"#Weaknesses_of_fixed-value_points\">Weaknesses of fixed-value points<\/a><\/li><\/ul><\/li><li><a href=\"#Frequent_Flyer_Miles\">Frequent Flyer Miles<\/a><ul><li><a href=\"#Major_frequent_flyer_programs\">Major frequent flyer programs<\/a><\/li><li><a href=\"#Strengths_of_frequent_flyer_miles\">Strengths of frequent flyer miles<\/a><\/li><li><a href=\"#Weaknesses_of_frequent_flyer_miles\">Weaknesses of frequent flyer miles<\/a><\/li><li><a href=\"#The_double-edged_sword_of_frequent_flyer_miles_dynamic_pricing\">The double-edged sword of frequent flyer miles: dynamic pricing<\/a><\/li><\/ul><\/li><li><a href=\"#Hotel_Points\">Hotel Points<\/a><ul><li><a href=\"#Strengths_of_hotel_points\">Strengths of hotel points<\/a><\/li><li><a href=\"#Weaknesses_of_hotel_points\">Weaknesses of hotel points<\/a><\/li><li><a href=\"#Types_of_hotel_points\">Types of hotel points<\/a><\/li><\/ul><\/li><li><a href=\"#TransferableRewards_Points\">Transferable\u00a0Rewards Points<\/a><ul><li><a href=\"#Types_of_transferable_points\">Types of transferable points<\/a><\/li><li><a href=\"#Strengths_of_transferable_points\">Strengths of transferable points<\/a><\/li><li><a href=\"#Weaknesses_of_transferable_points\">Weaknesses of transferable points<\/a><\/li><\/ul><\/li><li><a href=\"#Collect_Different_Types_of_Reward_Points\">Collect Different Types of Reward Points<\/a><\/li><li><a href=\"#Final_Thoughts\">Final Thoughts<\/a><\/li><\/ul><\/div>\n\n<h2 id=\"Fixed_Value_Reward_Points\"><span id=\"Fixed-Value_Reward_Points\"><b>Fixed-Value Reward Points<\/b><\/span><\/h2>\n<p>Our first group includes all the rewards points assigned a specific cash value &#8212; <a target=\"_blank\" href=\"\/credit-cards\/maximize-fixed-value-points-miles\/\" rel=\"noopener\">fixed-value rewards<\/a>. These types of points are like a foreign currency, which is pegged to the U.S. dollar. Most fixed-value rewards are assigned an exact value, but a handful may fluctuate within a narrow range. There are several fixed-value points with some key differences in how you can redeem them for travel. Let's walk through each.<\/p>\n<figure id=\"attachment_170115\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-170115 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/travel-featured-couple-fmaderebner-pexels.jpg\" alt=\"Couple sitting next to a lake with mountains in the background.\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/travel-featured-couple-fmaderebner-pexels.jpg 1000w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/travel-featured-couple-fmaderebner-pexels-300x240.jpg 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/travel-featured-couple-fmaderebner-pexels-768x614.jpg 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/travel-featured-couple-fmaderebner-pexels-325x260.jpg 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Flo Maderebner\/Pexels<\/em><\/enter><\/figure>\n<h3><span id=\"Cash_back\">Cash back<\/span><\/h3>\n<p>Cash back is the most straightforward and flexible type of fixed-value reward. Your rewards accumulate directly as dollars; you can use them however you like. In most cases, you can redeem cash back as a statement credit, which means the bank will apply the rewards as a payment towards your upcoming bill. Some cards let you receive your rewards as a check or deposit to a bank account, but this is not a universal feature.<\/p>\n<p>Popular personal cash-back cards include the <a data-ccid=\"3006090\" href=\"\/blog\/link\/ChaseFreedomUnlimited\" rel=\"noopener nofollow sponsored\">Chase Freedom Unlimited<sup>\u00ae<\/sup><\/a> and the <a data-ccid=\"3002009\" href=\"https:\/\/awardwallet.com\/credit-cards\/citi-thankyou-rewards\/citi-double-cash-card\/\">Citi Double Cash<sup>\u00ae<\/sup> Card<\/a> (<a data-ccid=\"3002009\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=a3pDkecFgAg&offerid=951783.4206&type=3&subid=0\" target=\"_blank\" rel=\"noopener\">Rates & Fees<\/a>).<\/p>\n<div class=\"qs-card\" data-id=\"3006090\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Chase Freedom Unlimited<sup>\u00ae<\/sup><\/div>\n                    <div class=\"qs-image\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/aef345f2-25d7-4d44-b7c7-e62661f0291c.png\" width=\"150\" alt=\"Chase Freedom Unlimited\u00ae\"\/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><a class=\"btn-use qs-apply-now\" title='Chase Freedom Unlimited\u00ae' data-ccid=\"3006090\" href=\"\/blog\/link\/ChaseFreedomUnlimited\" target=\"_blank\" rel=\"noopener nofollow sponsored\">Apply Now<\/a><\/div>\n                    <div class=\"qs-rates\"><span class=\"qs-terms\"><a data-ccid=\"3006090\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=g3lR0xvjyAU&offerid=1993744.10005134&type=3&subid=022f1a6bd3c3d55a199ce87566d8fe219&subid=639396\" target=\"_blank\" rel=\"noopener\">Rates & Fees<\/a><\/span><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\nLimited Time Offer: Earn a $250 Bonus after you spend $500 on purchases in your first 3 months from account opening<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Chase Freedom Unlimited<sup>\u00ae<\/sup><\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\nLimited Time Offer: Earn a $250 Bonus after you spend $500 on purchases in your first 3 months from account opening<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$0<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a href=\"\" data-tab=\"hl\">Highlights<\/a><a href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">The everyday workhorse of the Ultimate Rewards family of cards earns 1.5% cash back on every purchase, every day of the week. While the Freedom Unlimited earns cash back on its own, the points earned become even more valuable when you hold an Ultimate Rewards card with the ability to <a href=\"https:\/\/awardwallet.com\/credit-cards\/chase-ultimate-rewards\/chase-transfer-partners\/\">transfer points to partners<\/a>. <\/div><div class=\"qs-tab-hl\"><?xml version=\"1.0\" standalone=\"yes\"?>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"utf-8\" ??>\n<html><body><ul><li>Limited Time Offer: Earn a $250 Bonus after you spend $500 on purchases in your first 3 months from account opening<\/li><li>Enjoy 5% cash back on travel purchased through Chase Travel&#x2120;, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases.<\/li><li>No minimum to redeem for cash back. You can use points to redeem for cash through an account statement credit or an electronic deposit into an eligible Chase account located in the United States!<\/li><li>Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 18.24% - 27.74%.<\/li><li>No annual fee - You won't have to pay an annual fee for all the great features that come with your Freedom Unlimited&#xAE; card<\/li><li>Keep tabs on your credit health, Chase Credit Journey helps you monitor your credit with free access to your latest score, alerts, and more.<\/li><li>Member FDIC<\/li><\/ul><\/body><\/html>\n<\/div><div class=\"qs-tab-er\"><ul>\r\n<li>Earn 5% on purchases through Chase Travel\u2120<\/li>\r\n<li>Earn 3% on dining at restaurants <\/li>\r\n<li>Earn 3% on drugstore purchases <\/li>\r\n<li>Earn 1.5% on all purchases <\/li>\r\n<\/ul><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/ChaseFreedomUnl\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-4-17fe2c9156#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<p>Some solid small business options include the <a data-ccid=\"4048260\" href=\"https:\/\/awardwallet.com\/credit-cards\/cash-back\/us-bank-business-triple-cash\/\">U.S. Bank Business Triple Cash Rewards World Elite Mastercard<sup>\u00ae<\/sup><\/a> and the <a data-ccid=\"340040\" href=\"\/blog\/link\/InkCashBusinessCard\" rel=\"noopener nofollow sponsored\">Ink Business Cash<sup>\u00ae<\/sup> Credit Card<\/a>  (<a data-ccid=\"340040\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=g3lR0xvjyAU&offerid=1753725.10005141&type=3&u1=811b006599868b88a8fd40ca0464c532&subid=639396\" target=\"_blank\" rel=\"noopener\">Rates & Fees<\/a>).<\/p>\n<div class=\"qs-card\" data-id=\"340040\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Ink Business Cash<sup>\u00ae<\/sup> Credit Card<\/div>\n                    <div class=\"qs-image\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/34658cdd-f2cb-4b12-9a5a-b2b77c2cc649.png\" width=\"150\" alt=\"Ink Business Cash\u00ae Credit Card\" \/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><a class=\"btn-use qs-apply-now\" title='Ink Business Cash\u00ae Credit Card' data-ccid=\"340040\" href=\"\/blog\/link\/InkCashBusinessCard\" target=\"_blank\" rel=\"noopener nofollow sponsored\">Apply Now<\/a><\/div>\n                    <div class=\"qs-rates\"><span class=\"qs-terms\"><a data-ccid=\"340040\" href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=g3lR0xvjyAU&offerid=1753725.10005141&type=3&u1=811b006599868b88a8fd40ca0464c532&subid=639396\" target=\"_blank\" rel=\"noopener\">Rates & Fees<\/a><\/span><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\nEarn $750 when you spend $6,000 on purchases in the first three months after account opening.<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Ink Business Cash<sup>\u00ae<\/sup> Credit Card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\nEarn $750 when you spend $6,000 on purchases in the first three months after account opening.<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$0<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a href=\"\" data-tab=\"hl\">Highlights<\/a><a href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">Features a $750 cash back signup bonus, and you earn 5% cash back on a select range of business expenses on the first $25,000 spent each year.<\/div><div class=\"qs-tab-hl\"><?xml version=\"1.0\" standalone=\"yes\"?>\n<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"utf-8\" ??>\n<html><body><ul><li>Earn $750 when you spend $6,000 on purchases in the first three months after account opening<\/li><li>Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year<\/li><li>Earn 2% cash back on the first $25,000 spent in combined purchases on dining and gas each account anniversary year. Earn 1% cash back on all other purchases<\/li><li>With Zero Liability you won't be held responsible for unauthorized charges made with your card or account information.<\/li><li>No Annual Fee<\/li><li>Complimentary three-month lnstacart+ membership.<\/li><li>0% introductory APR for 12 months on purchases<\/li><li>Earn 5% total cash back on Lyft rides through 9\/30\/27.<\/li><li>Member FDIC<\/li><\/ul><\/body><\/html>\n<\/div><div class=\"qs-tab-er\"><ul>\r\n<li>5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year<\/li>\r\n<li>2% cash back on the first $25,000 spent in combined purchases on dining and gas each account anniversary year<\/li>\r\n<li>1% cash back on all other card purchases with no limit to the amount you can earn<\/li>\r\n<\/ul><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/InkCash\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-4-17fe2c9156#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<p><strong>Related: <a target=\"_blank\" href=\"\/credit-cards\/cash-back\/best-cash-back-credit-card-offers\/\" rel=\"noopener\">The Best Cash Back Credit Card Offers<\/a><\/strong><\/p>\n<h3><span id=\"Travel_statement_credits\">Travel statement credits<\/span><\/h3>\n<p>Travel statement credits work much like cash back, except you are limited to merchants in the travel category. The <a data-ccid=\"3006151\" href=\"https:\/\/awardwallet.com\/credit-cards\/capital-one-rewards\/venture-card\/\">Capital One Venture Rewards Credit Card<\/a> is a great example of this kind of redemption in action (although this particular card offers other redemption options, too).<\/p>\n<p>Simply use your card to pay for travel purchases, including flights, hotels, cruises, car rentals, rideshare apps, and more. Then, you can apply your fixed-value rewards as a statement credit against the travel purchase.<\/p>\n<div class=\"qs-card\" data-id=\"3006151\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Capital One Venture Rewards Credit Card<\/div>\n                    <div class=\"qs-image\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/cdn.nextinsure.com\/imaging\/opt\/dfed8cb4-d376-4c8b-aed4-1997afa3d66a.png\" width=\"150\" alt=\"Capital One Venture Rewards Credit Card\" class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><a data-ccid=\"3006151\" class=\"btn-use qs-how-apply\" title='Capital One Venture Rewards Credit Card' href=\"\/blog\/link\/CR-COV\" target=\"_blank\" rel=\"noopener nofollow sponsored\">How to Apply<\/a><\/div>\n                    <div class=\"qs-rates\"><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Offer<\/strong>\r\nEarn 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening. <\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Capital One Venture Rewards Credit Card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Offer<\/strong>\r\nEarn 75,000 Miles once you spend $4,000 on purchases within 3 months from account opening. <\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$95<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a href=\"\" data-tab=\"hl\">Highlights<\/a><a href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">Following the revamp of Capital One's rewards program and the addition of airline transfer partners, the Capital One Venture has catapulted into our list of top travel rewards cards. The ability to earn at least 2X miles on every purchase provides a decent return on spending. Plus the card offers some great perks.<\/div><div class=\"qs-tab-hl\"><ul><li>Earn 75,000 Miles once you spend $4,000 on purchases within the first 3 months of account opening<\/li>\r\n<li>5X miles on hotels, vacation rentals and rental cars booked through Capital One Travel<\/li>\r\n<li>2X miles on all other purchase<\/li>\r\n<li>Fee credit for Global Entry or TSA Pre\u2714<sup>\u00ae<\/sup> (up to $120)<\/li>\r\n \t<li>No foreign transaction fees<\/li>\r\n \t<li>$95 annual fee<\/li><\/ul><\/div><div class=\"qs-tab-er\"><ul>\r\n<li>5X miles per dollar on purchases through Capital One Entertainment <\/li>\r\n<li>5X miles per dollar on hotels, vacation rentals and rental cars booked through Capital One Travel<\/li>\r\n<li>2X miles per dollar on all other purchases<\/li>\r\n<\/ul><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/Venture\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-4-17fe2c9156#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<p class=\"custom-blue\"><strong>Tip: Want to know if a merchant classifies as travel? Use the <a target=\"_blank\" href=\"\/merchants\" rel=\"noopener\">AwardWallet Merchant Category Lookup Tool<\/a><\/strong><\/p>\n<p>A big advantage of this redemption mechanism is that you can book travel through your preferred website or online travel agency &#8212; you're not stuck with a particular airline, hotel chain, or online travel agency (OTA). This means that you can shop around for the best price and aren't required to book in a certain way to redeem your earnings.<\/p>\n<div class=\"qs-card\" data-id=\"3002003\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Travel Rewards credit card<\/div>\n                    <div class=\"qs-image\"><img data-aspectratio=\"150\/94\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/08\/CardArt-BankOfAmericaTravelRewardsCreditCard.png\" width=\"150\" alt=\"Bank of America\u00ae Travel Rewards credit card\" \/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><a class=\"qs-learn-more\" data-ccid=\"3002003\" href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/travel-rewards-card\/\">Learn More<\/a><\/div>\n                    <div class=\"qs-rates\"><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">Bank of America<sup>\u00ae<\/sup> Travel Rewards credit card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\n25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$0<\/b><\/div>\n                    <div class=\"qs-tabs\"><a class=\"qs-more\" href=\"#more\">Show more<\/a><a href=\"\" data-tab=\"wwl\">Why We Like It<\/a><a href=\"\" data-tab=\"er\">Earning Rates<\/a><div class=\"qs-tab-wwl\">The Bank of America<sup>\u00ae<\/sup> Travel Rewards credit card stands out with its $0 annual fee and no foreign transaction fees, making it an economical choice for travelers. It offers a simple rewards structure, earning 1.5 points per dollar on every purchase. Purchases made in the Bank of America Travel Center earn 3 points per dollar. Points can be redeemed for travel or dining purchases, or for a statement credit up to 12 months after the purchase is made.<\/div><div class=\"qs-tab-er\"><ul>\r\n<li>1.5 points for every $1 you spend on all purchases<\/li>\r\n<\/ul><\/div><\/div>\n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/BOATravel\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-4-17fe2c9156#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<figure id=\"attachment_109950\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/481\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-109950 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/andrew-neel-unsplash-book-travel-on-laptop-featured.png\" alt=\"a woman uses her laptop to search for information while inside a coffee shop\" width=\"600\" height=\"481\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/andrew-neel-unsplash-book-travel-on-laptop-featured.png 1000w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/andrew-neel-unsplash-book-travel-on-laptop-featured-300x241.png 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/andrew-neel-unsplash-book-travel-on-laptop-featured-768x616.png 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/andrew-neel-unsplash-book-travel-on-laptop-featured-325x260.png 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Andrew Neel\/Unsplash<\/em><\/enter><\/figure>\n<h3><span id=\"Travel_portals\">Travel portals<\/span><\/h3>\n<p>Travel portals let you exchange points for various travel experiences, but you have to purchase through a specific website. Instead of paying for travel with your card and redeeming points for a statement credit afterward, you exchange points for the trip you want on a specific website. This is far less flexible than the previous types of fixed-value rewards.<\/p>\n<p>In addition to not being able to shop for the best price, some travel brands (especially hotels) won't give you credit towards elite status or elite benefits when you book with a third-party travel portal. Another downside is that you may want to purchase travel items unavailable on that site &#8212; such as Disney tickets or guided tours.<\/p>\n<p><a target=\"_blank\" href=\"\/credit-cards\/wells-fargo-rewards\/\" rel=\"noopener\">Wells Fargo Go Far Rewards<\/a> is a good example of this type of redemption. Other cards that earn fixed-value points redeemable through travel portals include the <a data-ccid=\"6\" href=\"https:\/\/awardwallet.com\/credit-cards\/us-bank-altitude-reserve-card\/\" =_blank> U.S. Bank Altitude\u2122 Reserve Visa Infinite<sup>\u00ae<\/sup> Card<\/a> and <a data-ccid=\"4048119\" href=\"https:\/\/awardwallet.com\/credit-cards\/bank-of-america\/premium-rewards-credit-card\/\">Bank of America<sup>\u00ae<\/sup> Premium Rewards<sup>\u00ae<\/sup> credit card<\/a>.<\/p>\n<div class=\"qs-card\" data-id=\"6\">\n            <div class=\"qs-data\">\n                <div class=\"qs-view\">\n                    <div class=\"qs-cardname\">U.S. Bank Altitude\u2122 Reserve Visa Infinite<sup>\u00ae<\/sup> Card<\/div>\n                    <div class=\"qs-image\"><img data-aspectratio=\"150\/94\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2019\/10\/CardArt-USBankAltitudeReserveVisaInfiniteCard.png\" width=\"150\" alt=\" U.S. Bank Altitude\u2122 Reserve Visa Infinite\u00ae Card\" \/ class=\"lazyload\"><\/div>\n                    <div class=\"qs-apply\"><a class=\"qs-how-apply\" data-ccid=\"6\" href=\"\/blog\/link\/USBankAltitudeReserveVisaInfiniteCard\" rel=\"noopener nofollow sponsored\">How to Apply<\/a><\/div>\n                    <div class=\"qs-rates\"><\/div>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\nClosed to new applications.<\/div>\n                <\/div>\n                <div class=\"qs-info\">\n                    <strong class=\"qs-cardname\">U.S. Bank Altitude\u2122 Reserve Visa Infinite<sup>\u00ae<\/sup> Card<\/strong>\n                    <div class=\"qs-offer\"><strong>Welcome Bonus<\/strong>\r\nClosed to new applications.<\/div>\n                    <div class=\"qs-fee\"><strong>Annual Fee:<\/strong><b>$400<\/b><\/div>\n                    \n                <\/div>\n            <\/div>\n            <a class=\"qs-share\" href=\"\/find-a-card\/USAltitude\/\" title=\"copy\"><svg width=\"12\" height=\"16\" viewBox=\"0 0 12 16\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"https:\/\/awardwallet.com\/blog\/wp-content\/themes\/awardwallet\/public\/builds\/icon\/icon-sprite.svg?v2026-4-17fe2c9156#share-square\" fill=\"currentColor\"><\/use><\/svg><\/a>\n        <\/div>\n<h3><span id=\"Fixed-value_airline_points\">Fixed-value airline points<\/span><\/h3>\n<p>These are a bit different than the other rewards currencies in this group. Programs like <a target=\"_blank\" href=\"\/airlines\/southwest-rapid-rewards\/why-we-love-southwest\/\" rel=\"noopener\">Southwest Rapid Rewards<\/a> and <a target=\"_blank\" href=\"\/airlines\/jetblue-trueblue\/\" rel=\"noopener\">JetBlue TrueBlue<\/a> (to a lesser extent) tie the number of points you need for a flight directly to the cash price. The exact value you get for your points may fluctuate a bit, but it is held within a limited range.<\/p>\n<p>Although these programs don't offer the same opportunity for getting outsized value as traditional frequent flyer miles, they are much easier to use. And the pricing is transparent. If there's a seat available, you can buy it with your airline points in these programs. The higher the cash price, the more points you'll pay. It's that simple.<\/p>\n<figure id=\"attachment_165943\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-165943 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Lukas-Souza-Unsplash-JetBlue-plane-on-apron-featured.png\" alt=\"a JetBlue plane on the apron\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Lukas-Souza-Unsplash-JetBlue-plane-on-apron-featured.png 1000w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Lukas-Souza-Unsplash-JetBlue-plane-on-apron-featured-300x240.png 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Lukas-Souza-Unsplash-JetBlue-plane-on-apron-featured-768x614.png 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Lukas-Souza-Unsplash-JetBlue-plane-on-apron-featured-325x260.png 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Lukas Souza\/Unsplash<\/em><\/enter><\/figure>\n<h3 id=\"StrengthsmjSU\"><span id=\"Fixed-value_hotel_points\">Fixed-value hotel points<\/span><\/h3>\n<p><a target=\"_blank\" href=\"\/hotels\/accor-live-limitless\/\" rel=\"noopener\">Accor Live Limitless<\/a> is a great example of a fixed-value hotel program.\u00a0You'll redeem 2,000 points to knock 40 euros off your hotel bill \u2014 no more, no less. You have to redeem in 2,000-point increments and always get the same value from Accor points. The redemption value is fixed, regardless of hotel type or how much it costs.<\/p>\n<p>The revamped (and heavily devalued) <a href=\"\/hotels\/radisson-rewards\/\">Radisson Rewards<\/a> program is another example of fixed-value hotel points, but the pricing functions much like Southwest Rapid Rewards, where your redemption value is within a tight range. Expect to get around 0.25 cents per Radisson point.<\/p>\n<h3><span id=\"Strengths_of_fixed-value_points\">Strengths of fixed-value points<\/span><\/h3>\n<ul>\n<li>Transparency<\/li>\n<li>Ease of use<\/li>\n<li>Flexibility<\/li>\n<\/ul>\n<p>Transparent pricing is the most attractive feature of fixed-value rewards points. You know what to expect. If you want to use fixed-value reward points for $1,000 worth of travel, and each point is worth 2\u00a2, you will have to redeem 50,000 points. If each point is worth 1\u00a2, the travel will cost 100,000 points. This simplicity appeals to many.<\/p>\n<p>Their simplicity also makes fixed-value points much easier to use than some other types of points. You don\u2019t need any special knowledge to redeem these points effectively. You worry less about whether you're getting a good deal since you typically can shop around before redeeming your points. Since these points are tied to cash prices, you only need to evaluate whether the cash price seems fair.<\/p>\n<p>Another advantage of fixed-value rewards is flexibility. You can nearly always use them to cover travel costs that aren't easy to book with other types of points. Consider using them on your car rentals, your Airbnb stays, and even cruises or safaris. Fixed-value rewards points are great to have in your portfolio when you are traveling somewhere that doesn't have big hotel brands or major airlines.<\/p>\n<p>Sometimes, they are your only viable option. I once redeemed fixed-value reward points for an overnight ferry trip from Nova Scotia to Newfoundland. There's no other way I could have redeemed points to make this a &#8220;free&#8221; trip.<\/p>\n<h3><span id=\"Weaknesses_of_fixed-value_points\">Weaknesses of fixed-value points<\/span><\/h3>\n<ul>\n<li>Limited upsides<\/li>\n<li>Vulnerable to price changes<\/li>\n<\/ul>\n<p>The biggest downside with fixed-value points is that it's hard to get outsized value. This is the primary tradeoff. Simple redemptions and transparent pricing don't lend themselves to maximization opportunities.<\/p>\n<p>Many points and miles enthusiasts desire to book aspirational travel that they would never dream of paying for at the retail price. Many wouldn't even pay a fraction of the price. With some of the other types of points covered in this post, it's possible to turn a single <a target=\"_blank\" href=\"\/credit-cards\/sign-up-bonus\/\" rel=\"noopener\">credit card welcome bonus<\/a> into a $10,000 first-class flight. That simply isn't possible with fixed-value reward points.<\/p>\n<p>Finally, as a consequence of being tied to the retail cost of travel, the number of fixed-value points you'll need for a given trip changes constantly. This can make it harder to plan your earning strategy for an upcoming trip. It also means that last-minute air travel will usually require far more points.<\/p>\n<figure id=\"attachment_158370\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-158370 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/04\/JFK-Airport-Featured-Miguel-Angel-Sanz-Unsplash.jpg\" alt=\"View of JFK airport from the wing of en E175.\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/04\/JFK-Airport-Featured-Miguel-Angel-Sanz-Unsplash.jpg 1000w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/04\/JFK-Airport-Featured-Miguel-Angel-Sanz-Unsplash-300x240.jpg 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/04\/JFK-Airport-Featured-Miguel-Angel-Sanz-Unsplash-768x614.jpg 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/04\/JFK-Airport-Featured-Miguel-Angel-Sanz-Unsplash-325x260.jpg 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Miguel Angel Sanz\/Unsplash<\/em><\/enter><\/figure>\n<h2 id=\"Airline_Frequent_Flyer_Points\"><span id=\"Frequent_Flyer_Miles\"><b>Frequent Flyer Miles<\/b><\/span><\/h2>\n<p>Unlike the airline rewards programs in the fixed-value group, traditional frequent flyer programs don't tie the number of miles you need for a redemption to the retail cost of a flight. Nor are miles used to directly offset the cash cost like a travel statement credit redemption. Instead, prices for award seats are set by the program in their loyalty currency.<\/p>\n<p>For example, the <a target=\"_blank\" href=\"\/airlines\/alaska-atmos-rewards\/\" rel=\"noopener\">Alaska Mileage Plan frequent flyer program<\/a> issues miles as its loyalty currency, which you can redeem for flights on Alaska Airlines or its extensive list of partner airlines.<\/p>\n<p>There has been some blurring of lines, though, in the past several years. Many programs have moved to a <a target=\"_blank\" href=\"\/travel\/what-is-dynamic-pricing\/\" rel=\"noopener\">dynamic pricing model<\/a>, where the cash prices influence how many miles you need for a free flight. However, there is still not a direct correlation between the rewards currency and redemption pricing.<\/p>\n<p>With most frequent flyer programs, the cost of travel is determined by either the <strong>distance you fly<\/strong> or the <strong>region of the world<\/strong> you want to visit. With the aforementioned dynamic pricing, some airlines now use a mixture of region-based and\/or distance-based pricing as part of their dynamic model. Prices for award flights also consider the <strong>class of service<\/strong> you fly. A business-class ticket costs more than an economy award ticket in these award pricing charts.<\/p>\n<p>Region-based frequent flyer programs charge a flat rate from airports in one region to another. For example, this could be between the U.S. region and Europe region. Often, pricing starts at a &#8220;Saver&#8221; (i.e., lowest) level, with tiers of higher-priced award seats.<\/p>\n<p>Other programs use distance-based pricing, such as <a target=\"_blank\" href=\"\/airlines\/british-airways-club\/\" rel=\"noopener\">British Airways Avios<\/a>. They may charge more for a flight from Los Angeles to Paris than they charge for a flight from New York to Paris. In general, each route has a fixed starting price \u2014 regardless of how much it costs to buy the airfare in cash.<\/p>\n<p><strong>Related: <a target=\"_blank\" href=\"\/credit-cards\/airlines\/top-airline-credit-cards\/\" rel=\"noopener\">Best Airline Credit Cards With Annual Fees Under $100<\/a><\/strong><\/p>\n<h3 id=\"Types_of_Frequent_Flyer_Miles\"><span id=\"Major_frequent_flyer_programs\">Major frequent flyer programs<\/span><\/h3>\n<p>The largest miles-based U.S. frequent flyer programs include:<\/p>\n<ul>\n<li><a target=\"_blank\" href=\"\/airlines\/alaska-atmos-rewards\/\" rel=\"noopener\">Alaska Mileage Plan<\/a><\/li>\n<li style=\"font-weight: 400;\"><a target=\"_blank\" href=\"\/airlines\/american-aadvantage\/best-ways-to-use-american-miles\/\" rel=\"noopener\">American Airlines AAdvantage<sup>\u00ae<\/sup><\/a><\/li>\n<li><a target=\"_blank\" href=\"\/airlines\/delta-skymiles\/\" rel=\"noopener\">Delta SkyMiles<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/airlines\/united-mileageplus\/\" rel=\"noopener\">United MileagePlus<\/a><\/li>\n<\/ul>\n<p>Some popular non-U.S. frequent-flyer programs include:<\/p>\n<ul>\n<li><a target=\"_blank\" href=\"\/airlines\/air-canada-aeroplan\/\" rel=\"noopener\">Air Canada Aeroplan<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/airlines\/flying-blue\/best-award-flights\/\" rel=\"noopener\">Air France\u2013KLM Flying Blue<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/airlines\/avianca-lifemiles\/avianca-lifemiles-sweet-spots\/\" rel=\"noopener\">Avianca LifeMiles<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/airlines\/british-airways-club\/\" rel=\"noopener\">British Airways Avios<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/news\/airlines\/cathay-pacific-changes-2023\/\" rel=\"noopener\">Cathay Pacific Asia Miles<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/airlines\/best-singapore-krisflyer-awards\/\" rel=\"noopener\">Singapore Airlines KrisFlyer<\/a><\/li>\n<\/ul>\n<h3 id=\"StrengthsmjSU\"><span id=\"Strengths_of_frequent_flyer_miles\">Strengths of frequent flyer miles<\/span><\/h3>\n<ul>\n<li>Award costs are less impacted by changes in the cash price<\/li>\n<li>Book expensive, premium-cabin tickets for a fraction of the normal price<\/li>\n<li>Possible to find deals on last-minute tickets<\/li>\n<li>Experience, knowledge, and patience are rewarded<\/li>\n<\/ul>\n<p>Frequent flyer programs are the gateway drug of the points and miles hobby. Since award prices are more independent of cash prices, you can often find incredible opportunities to redeem a small number of miles for a trip that would be insanely expensive. Business- and first-class flights and tickets booked close to the date of departure are great examples of opportunities for incredible redemption values.<\/p>\n<p>A ticket for a flight today is usually far more expensive than a ticket for the same flight a few weeks from now. Airlines know folks who book same-day travel are usually business travelers (who don't mind since the company is picking up the tab) or someone dealing with an unexpected emergency (nice, right?). They inflate those last-minute prices because those customers are willing to pay more.<\/p>\n<p>But award tickets don't necessarily follow the same logic. If a flight is going out half-empty tomorrow, the airline's cost to add more passengers is very low. A little extra fuel for you and your bags and maybe a soft drink in flight. Outstanding miles are a liability for the airline, so they are incentivized to get them off the books when the extra cost is as low as possible.<\/p>\n<p>The same logic applies to business- and first-class tickets. Airlines don't want you to take the last seat in the cabin if someone would have paid $8,000 for the privilege. But, if they expect empty seats, they're often happy to open up those spots to folks with miles.<\/p>\n<figure id=\"attachment_112307\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-112307 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/Malaysia-Airlines-A350-business-class-seat-featured.jpg\" alt=\"a passenger reads a magazine and has a drink in Malaysia Airlines business class\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/Malaysia-Airlines-A350-business-class-seat-featured.jpg 1000w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/Malaysia-Airlines-A350-business-class-seat-featured-300x240.jpg 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/Malaysia-Airlines-A350-business-class-seat-featured-768x614.jpg 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/06\/Malaysia-Airlines-A350-business-class-seat-featured-325x260.jpg 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Malaysia Airlines business class. Credit: Malaysia Airlines<\/em><\/enter><\/figure>\n<h3 id=\"Weaknesses42ed\"><span id=\"Weaknesses_of_frequent_flyer_miles\">Weaknesses of frequent flyer miles<\/span><\/h3>\n<ul>\n<li>Often difficult and time-consuming to redeem<\/li>\n<li>Confusion regarding how <a target=\"_blank\" href=\"\/airlines\/find-airline-partner-award-availability\/\" rel=\"noopener\">partner award flights<\/a> work<\/li>\n<li>It's easy to overpay (or fail to find anything to book) if you lack experience<\/li>\n<\/ul>\n<p>The huge upside with frequent flyer miles comes at the expense of simplicity. Would I like to drink $300-a-bottle champagne while lounging in a private first-class suite on my next 14-hour flight? Sign me up! Now, about booking that award ticket&#8230;<\/p>\n<p>Fixed award pricing creates havoc with supply and demand. Airlines typically release only a small percentage of their seats as award seats \u2014 those you can book with miles. These seats are usually called award availability or award inventory. The airline's revenue-management team watches ticket sales like a hawk. If they expect empty seats, they'll open up more award availability. If they expect a flight to sell out with cash, there will be far fewer award seats.<\/p>\n<p>When many people with miles chase a small number of seats, such as around the holidays, finding a reasonable award flight can be difficult. For this reason, frequent flyer miles can be incredibly frustrating if you lack experience.<\/p>\n<p>Compounding things further, it might be possible to use more than a dozen types of points or miles to book a given flight. Although the award price charged by one frequent flyer program is generally the same for a given route, a different frequent flyer program might allows you to book the same flight for fewer miles, lower taxes, or both.<\/p>\n<p>For example, consider this entire post about <a target=\"_blank\" href=\"\/airlines\/british-airways-club\/book-american-airlines-with-avios\/\" rel=\"noopener\">when it's a better deal to use British Airways points to book American Airlines flights<\/a> instead of using AA miles. Learning how to use partner awards to your advantage is a huge part of becoming a master of points and miles.<\/p>\n<figure id=\"attachment_155561\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-155561 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/03\/Sophie-Popplewell-Unsplash-people-boarding-British-Airways-plane-featured.jpg\" alt=\"People boarding a British Airways plane through the rear door\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/03\/Sophie-Popplewell-Unsplash-people-boarding-British-Airways-plane-featured.jpg 1000w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/03\/Sophie-Popplewell-Unsplash-people-boarding-British-Airways-plane-featured-300x240.jpg 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/03\/Sophie-Popplewell-Unsplash-people-boarding-British-Airways-plane-featured-768x614.jpg 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/03\/Sophie-Popplewell-Unsplash-people-boarding-British-Airways-plane-featured-325x260.jpg 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Sophie Popplewell\/Unsplash<\/em><\/enter><\/figure>\n<h3><span id=\"The_double-edged_sword_of_frequent_flyer_miles_dynamic_pricing\">The double-edged sword of frequent flyer miles: dynamic pricing<\/span><\/h3>\n<p>Several airlines \u2014 most notably, the major U.S. carriers \u2014 have moved slowly toward dynamic pricing for their award flights. Rather than release a limited number of award seats at set prices, they make many more seats available. You just have to pay more miles for them. This has taken some of the best opportunities out of the system (but not all).<\/p>\n<p>Conversely, you can often find reasonable redemptions more frequently, rather than needing to hunt for elusive award inventory. In some cases, you'll now see cheaper prices than when the program was strictly region-based.<\/p>\n<p>But it's also easy to overpay \u2014 either too many miles or too much in taxes and fees. An example of this is reward flights where you're getting less than 1 cent per mile in redemption value. This is terrible value for nearly every frequent flyer currency. At that point, earning cash back and paying out of pocket for a ticket is better. This is one reason you want to diversify and have airline miles and fixed-value rewards available.<\/p>\n<h2 id=\"Hotel_Reward_Points\"><span id=\"Hotel_Points\"><b>Hotel Points<\/b><\/span><\/h2>\n<p>Hotel points are a relatively straightforward type of reward currency. Historically, programs would divide their properties into categories and charge a fixed price (or prices within a range) for a free night of accommodation. However, many programs have now introduced peak and off-peak pricing or an even more dynamic model.<\/p>\n<p>Examples of heavily dynamic pricing include <a target=\"_blank\" href=\"\/hotels\/hilton-honors\/\" rel=\"noopener\">Hilton Honors<\/a> and <a target=\"_blank\" href=\"\/hotels\/marriott-bonvoy\/\" rel=\"noopener\">Marriott Bonvoy<\/a> \u2014 two of the largest hotel loyalty programs. For dynamic programs, there is usually a cap on the number of points a property will require. An example of a hotel program with truly fixed-value rewards is\u00a0<a target=\"_blank\" href=\"\/news\/accor-live-limitless\/accor-promotions\/\" rel=\"noopener\">Accor<\/a> (previously mentioned above).<\/p>\n<figure id=\"attachment_143145\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-143145 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/12\/Waldorf-Astoria-Beverly-Hills-entrance-featured.png\" alt=\"Entrance to The Waldorf Astoria Beverly Hills\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/12\/Waldorf-Astoria-Beverly-Hills-entrance-featured.png 1000w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/12\/Waldorf-Astoria-Beverly-Hills-entrance-featured-300x240.png 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/12\/Waldorf-Astoria-Beverly-Hills-entrance-featured-768x614.png 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2023\/12\/Waldorf-Astoria-Beverly-Hills-entrance-featured-325x260.png 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>The Waldorf Astoria Beverly Hills. Credit: Hilton<\/em><\/enter><\/figure>\n<p>Generally, more expensive hotels are assigned a higher category and require more points to book. While this pricing model generally aligns the award cost with the cash price for a room, the price in points for a given hotel room doesn't typically change wildly from one day to the next.<\/p>\n<p>For example, in the <a target=\"_blank\" href=\"\/hotels\/world-of-hyatt\/\" rel=\"noopener\">World of Hyatt loyalty program<\/a>, the cost of a standard room is fixed for all hotels in the same category. So you\u2019ll need the same number of points for a Category 5 Hyatt whether you're staying in Miami, Paris, or Hong Kong \u2014 this will only change according to each property's peak and off-peak dates. Peak and off-peak prices vary by no more than 30% of standard rates.<\/p>\n<p><strong>Related: <a target=\"_blank\" href=\"\/credit-cards\/hotels\/hotel-cards-no-annual-fee\/\" rel=\"noopener\">Best Hotel Credit Cards With No Annual Fee<\/a><\/strong><\/p>\n<h3 id=\"StrengthsXzwS\"><span id=\"Strengths_of_hotel_points\">Strengths of hotel points<\/span><\/h3>\n<ul>\n<li>Relatively easy to redeem<\/li>\n<li>Some aspirational awards available for a fraction of the normal price<\/li>\n<li>Elite status benefits can add extra value without spending more points<\/li>\n<\/ul>\n<p>Hotel points are generally easier to use than frequent flyer miles for several reasons. Many hotels will let you use points to book any room available for sale. While this isn\u2019t true for all hotel programs, you won\u2019t run into the highly restricted award availability you often face with airline miles. It\u2019s also easier to know which properties are redemption options. You can usually book any of a program's individual brands as an award.<\/p>\n<p>Hotel points can make it possible to book really expensive properties at next to nothing. For example, in our post on <a target=\"_blank\" href=\"\/hotels\/marriott-bonvoy\/top-luxury-marriott-redemptions\/\" rel=\"noopener\">luxurious Marriott redemptions<\/a>, we highlight some examples of using points for properties that charge over $1,000 per night. These aspirational redemptions can be cool if they fit in with your travel plans, but they aren\u2019t the only way to get good value. I've gotten some of my best value out of my Hyatt points on stays at run-of-the-mill Hyatt Place properties.<\/p>\n<p><strong>Related:<\/strong> <a target=\"_blank\" href=\"\/hotels\/world-of-hyatt\/best-budget-hyatt-redemptions\/\" rel=\"noopener\">12 Best Hyatt Redemptions Under 12,000 Points Per Night (Over 4 Cents Per Point)<\/a><\/p>\n<figure id=\"attachment_163416\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/429\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-163416 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Hyatt-Place-Knoxville-Downtown.png\" alt=\"Exterior view of the Hyatt Place Knoxville \/ Downtown\" width=\"600\" height=\"429\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Hyatt-Place-Knoxville-Downtown.png 1400w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Hyatt-Place-Knoxville-Downtown-300x214.png 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Hyatt-Place-Knoxville-Downtown-1024x731.png 1024w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/Hyatt-Place-Knoxville-Downtown-768x549.png 768w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Hyatt Place Knoxville\/Downtown. Credit: Hyatt<\/em><\/enter><\/figure>\n<p>Another big advantage of hotel awards is the enhancement elite status can provide. If you book a standard room (at the standard price in points), you may end up with extra benefits like early check-in, late check-out, free breakfast, or even an upgrade to a suite.<\/p>\n<p>Even better, you don\u2019t need to spend a lot of money (or a lot of nights away from home) to get hotel elite status. Many of the best <a target=\"_blank\" href=\"\/hotels\/how-to-get-hotel-elite-status-for-free\/\" rel=\"noopener\">hotel rewards credit cards offer complimentary elite status<\/a> or a way to achieve elite status faster with your regular spending.<\/p>\n<h3 id=\"Weaknesses4jmy\"><span id=\"Weaknesses_of_hotel_points\">Weaknesses of hotel points<\/span><\/h3>\n<ul>\n<li>Often lower value than other types of reward points<\/li>\n<li>Limited booking options in some parts of the world<\/li>\n<\/ul>\n<p>The primary weakness of hotel points is that they generally aren't worth as much as airline miles or transferrable bank points. Hyatt is a notable exception. With 70,000 Hilton or IHG points, you might get a free two-night stay at a mid-tier hotel. That many points might not even get you one night at a top property. Yet 70,000 United or American Airlines miles can get you a one-way business-class flight to Europe. Airline miles often provide between 2x and 4x more value than hotel points.<\/p>\n<p>But that doesn't mean you should avoid hotel points. Not at all. I collect plenty. But you should get a feel for their relative value when comparing credit card welcome offers and deciding which card to use for everyday spending.<\/p>\n<p>Lastly, if you like to wander off the beaten path, you'll find pockets of the world where it's impossible to use certain hotel points. You won't have trouble using hotel points in New York City, Paris, or Tokyo. But places like Corsica, France, and Salvador, Brazil, can be a different story.<\/p>\n<p>Also, if you prefer to stretch your budget by having access to a kitchen or need extra space to stay sane on a family trip, a service like Airbnb might be a better option. In those cases, fixed-value points are a great way to use rewards to cover accommodation. A notable exception is the ability to <a href=\"\/hotels\/wyndham-rewards\/vacasa-rentals\/\">use Wyndham Rewards points for Vacasa rentals<\/a>.<\/p>\n<figure id=\"attachment_51534\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-51534 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2020\/08\/home-living-room-rental-airbnb-featured-patrick-perkins-unsplash.jpg\" alt=\"Vacation rental living room\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2020\/08\/home-living-room-rental-airbnb-featured-patrick-perkins-unsplash.jpg 2240w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2020\/08\/home-living-room-rental-airbnb-featured-patrick-perkins-unsplash-300x240.jpg 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2020\/08\/home-living-room-rental-airbnb-featured-patrick-perkins-unsplash-1024x819.jpg 1024w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2020\/08\/home-living-room-rental-airbnb-featured-patrick-perkins-unsplash-1536x1229.jpg 1536w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2020\/08\/home-living-room-rental-airbnb-featured-patrick-perkins-unsplash-2048x1638.jpg 2048w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2020\/08\/home-living-room-rental-airbnb-featured-patrick-perkins-unsplash-325x260.jpg 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Patrick Perkins\/Unsplash<\/em><\/enter><\/figure>\n<h3 id=\"Types_of_Hotel_Points\"><span id=\"Types_of_hotel_points\">Types of hotel points<\/span><\/h3>\n<p>Hotels that offer reward points for stays include:<\/p>\n<ul>\n<li><a target=\"_blank\" href=\"\/hotels\/choice-privileges\/\" rel=\"noopener\">Choice Privileges<\/a><\/li>\n<li style=\"font-weight: 400;\"><a target=\"_blank\" href=\"\/hotels\/hilton-honors\/hilton-benefits-we-love\/\" rel=\"noopener\">Hilton Honors<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/hotels\/ihg-one-rewards\/\" rel=\"noopener\">IHG One Rewards<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/hotels\/marriott-bonvoy\/elite-status\/\" rel=\"noopener\">Marriott Bonvoy<\/a><\/li>\n<li style=\"font-weight: 400;\"><a target=\"_blank\" href=\"\/hotels\/world-of-hyatt\/do-hyatt-points-expire\/\" rel=\"noopener\">World of Hyatt<\/a><\/li>\n<li style=\"font-weight: 400;\"><a target=\"_blank\" href=\"\/hotels\/wyndham-rewards\/\" rel=\"noopener\">Wyndham Rewards<\/a><\/li>\n<\/ul>\n<p>As you'll see in the next section, Marriott Bonvoy is also the only major type of transferrable points that isn't a bank rewards program.<\/p>\n<h2 id=\"Transferrable_Rewards_Points\"><span id=\"TransferableRewards_Points\">Transferable<b>\u00a0Rewards Points<\/b><\/span><\/h2>\n<p>Transferable points are the most flexible type of reward points because you can convert them into other types of loyalty points. These points may also be redeemable for a fixed value through a travel portal, as cash back, or as a statement credit for travel purchases. Many people value transferrable points the most since they offer the greatest amount of flexibility. This is their biggest feature.<\/p>\n<p>When you transfer these points to an airline or hotel, they take on all the prices and rules of the partner program. Transfers are only one-way. In short, once you have moved them to a travel partner, you can't transfer airline or hotel points back into your transferable points account.<\/p>\n<p><strong>Related: <a target=\"_blank\" href=\"\/credit-cards\/consolidate-transferable-points-award-ticket\/\" rel=\"noopener\">How to Consolidate Transferable Points for an Award Ticket<\/a><\/strong><\/p>\n<h3 id=\"Types_of_Transferrable_Points\"><span id=\"Types_of_transferable_points\">Types of transferable points<\/span><\/h3>\n<p>The most popular transferable reward points are:<\/p>\n<ul>\n<li><a target=\"_blank\" href=\"\/credit-cards\/amex-membership-rewards\/\" rel=\"noopener\">American Express Membership Rewards<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/credit-cards\/bilt-rewards\/transfer-bilt-points-to-avios\/\" rel=\"noopener\">Bilt Points<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/credit-cards\/brex-rewards-guide\/\" rel=\"noopener\">Brex Rewards<\/a><\/li>\n<li style=\"font-weight: 400;\"><a target=\"_blank\" href=\"\/credit-cards\/chase-ultimate-rewards\/chase-transfer-partners\/\" rel=\"noopener\">Chase Ultimate Rewards<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/credit-cards\/capital-one-rewards\/capital-one-transfer-partners\/\" rel=\"noopener\">Capital One Venture Miles<\/a><\/li>\n<li style=\"font-weight: 400;\"><a target=\"_blank\" href=\"\/credit-cards\/citi-thankyou-rewards\/citi-transfer-partners\/\" rel=\"noopener\">Citi ThankYou<sup>\u00ae<\/sup> Points<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/credit-cards\/wells-fargo-rewards\/transfer-partners\/\" rel=\"noopener\">Wells Fargo Go Far Rewards<\/a><\/li>\n<\/ul>\n<p>In addition, the Marriott Bonvoy hotel loyalty program also functions as a transferable reward points currency since you can <a target=\"_blank\" href=\"\/hotels\/marriott-bonvoy\/marriott-transfer-partners\/\" rel=\"noopener\">convert Bonvoy points into airline miles<\/a>. It's worth noting that Marriott isn't the only hotel program that offers transfers to airline partners. We don't cover the others in depth because their conversion rates are generally terrible \u2014 think 10:1.<\/p>\n<h3 id=\"Strengths8Oem\"><span id=\"Strengths_of_transferable_points\">Strengths of transferable points<\/span><\/h3>\n<ul>\n<li>Maximum flexibility<\/li>\n<li>Easy for beginners and rewarding for experts<\/li>\n<li>Less risk of devaluation<\/li>\n<li>Easy to earn<\/li>\n<\/ul>\n<p>Since transferrable reward points can be transferred to a variety of other loyalty programs, these points give you many more options than other types of reward points. When you're ready to book a trip, pick the program that offers the best rules or price.<\/p>\n<p>One can argue that cash is ultimately the most flexible. Some transferable currencies can be redeemed for cash at a reasonable rate, as well. I still recommend redeeming for travel since this is where you overwhelmingly get the greatest value.<\/p>\n<p>For beginners, the sheer number of options can make it much easier to find something that works. As you learn more about the individual hotel and airline programs, you see that each has its <a target=\"_blank\" href=\"\/credit-cards\/chase-ultimate-rewards\/best-north-america-awards\/\" rel=\"noopener\">sweet spots<\/a> that offer especially good value. Points and miles experts love transferable points because they let you leverage the best parts of every partner program.<\/p>\n<p>Here's a perfect illustration. If you need a short, nonstop flight, British Airways' distance-based awards can <a target=\"_blank\" href=\"\/airlines\/british-airways-club\/book-american-airlines-with-avios\/\" rel=\"noopener\">cost half as much as the competition<\/a>. If you want to visit multiple destinations, a program like United MileagePlus lets you build them into your itinerary for the same cost as a simple round trip, thanks to its <a target=\"_blank\" href=\"\/airlines\/united-mileageplus\/best-way-to-use-united-miles\/#United_Excursionist_Perk\" rel=\"noopener\">Excursionist perk<\/a>. Since both are <a target=\"_blank\" href=\"\/credit-cards\/chase-ultimate-rewards\/best-way-to-use-chase-points\/\" rel=\"noopener\">Ultimate Rewards<\/a> transfer partners, Chase points allow you to capture the best parts of both airline programs while reducing your risk from a devaluation in either program.<\/p>\n<figure id=\"attachment_165324\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-165324 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/United-787-Featured-Lukas-Souza-Unsplash.jpg\" alt=\"United 787 taxiing in front of an American Airlines A320 jet\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/United-787-Featured-Lukas-Souza-Unsplash.jpg 1000w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/United-787-Featured-Lukas-Souza-Unsplash-300x240.jpg 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/United-787-Featured-Lukas-Souza-Unsplash-768x614.jpg 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/05\/United-787-Featured-Lukas-Souza-Unsplash-325x260.jpg 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Lukas Souza\/Unsplash<\/em><\/enter><\/figure>\n<p>Lastly, Chase points are among the easiest to earn. But each program has a full lineup of rewards cards that come with lucrative welcome bonuses and award points on your daily purchases. You'll never run out of options.<\/p>\n<p><strong>See the following:<\/strong><\/p>\n<ul>\n<li><a target=\"_blank\" href=\"\/credit-cards\/amex-membership-rewards\/amex-rewards-cards\/\" rel=\"noopener\">All of the Cards that Earn American Express Membership Rewards Points<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/credit-cards\/chase-ultimate-rewards\/chase-rewards-cards\/\" rel=\"noopener\">All of the Cards that Earn Chase Ultimate Rewards Points<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/credit-cards\/citi-thankyou-rewards\/citi-rewards-card-combo\/\" rel=\"noopener\">Build a Winning Combo of Citi ThankYou<sup>\u00ae<\/sup> Rewards Cards<\/a><\/li>\n<li><a target=\"_blank\" href=\"\/credit-cards\/best-capital-one-credit-cards\/\" rel=\"noopener\">The 6 Best Capital One Credit Cards for Every Purchase<\/a><\/li>\n<\/ul>\n<h3 id=\"WeaknessesLPzR\"><span id=\"Weaknesses_of_transferable_points\">Weaknesses of transferable points<\/span><\/h3>\n<ul>\n<li>Maximizing value can be complicated<\/li>\n<li>Easiest options provide less value<\/li>\n<\/ul>\n<p>With so many ways to redeem your points, it can be more challenging to decide on the best course of action. If you're a perfectionist by nature, you may suffer from analysis paralysis and often be left wondering if you're getting the best possible deal. But many options are better than only having a few. Don't forget to place a value on the time you spend searching for awards.<\/p>\n<p>You can also <a target=\"_blank\" href=\"\/awardBooking\/add\" rel=\"noopener\">request expert help with a booking right from your AwardWallet account<\/a>. If you have transferable points, your booking expert can provide even better options.<\/p>\n<p>Most of the best transfer partners are airline frequent flyer programs. Transferring bank points to hotels or redeeming them for a fixed value is great, but simplicity comes at a cost. If you move transferrable points to programs with lower point values, you'll leave value on the table.<\/p>\n<h2 id=\"Collecting_Different_Types_of_Points\"><span id=\"Collect_Different_Types_of_Reward_Points\"><b>Collect Different Types of Reward Points<\/b><\/span><\/h2>\n<p>As you can see, there are many different reward points and many ways to use them! To take advantage of all their different benefits and avoid their pitfalls, it is a good idea to have a diversified portfolio. I try to maintain as many types of points as I can.<\/p>\n<p>As an example, if you are headed to Greece, you could use Ultimate Rewards to transfer points to an airline partner to book your flights. You might be able to use hotel reward points for your stay in Athens. However, Greece's smaller islands have a limited number of chain hotels. You might decide to stay in an Airbnb and use fixed-value points from your <a data-ccid=\"3006151\" href=\"https:\/\/awardwallet.com\/credit-cards\/capital-one-rewards\/venture-card\/\">Capital One Venture<\/a> to cover those costs. Having some reward points of various types gives you flexibility when booking your trip and allows you to spend less out of pocket.<\/p>\n<p>The moral of the story: Don't pigeonhole yourself into just one or two favorite programs. Diversify. And be sure to include some transferable points in your rewards arsenal. The best points are those you can transfer to your favorite programs <em>and<\/em> use in other ways.<\/p>\n<figure id=\"attachment_170701\" class=\"wp-caption aligncenter\"><img data-aspectratio=\"600\/480\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" decoding=\"async\" class=\"wp-image-170701 lazyload\" data-src=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/Santorini-Pexels-Featured.png\" alt=\"Resort on the Santorini cliffs.\" width=\"600\" height=\"480\" data-srcset=\"https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/Santorini-Pexels-Featured.png 1000w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/Santorini-Pexels-Featured-300x240.png 300w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/Santorini-Pexels-Featured-768x614.png 768w, https:\/\/awardwallet.com\/blog\/wp-content\/uploads\/2024\/06\/Santorini-Pexels-Featured-325x260.png 325w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><center><em>Credit: Pexels<\/em><\/enter><\/figure>\n<h2 id=\"Final_Thoughts\"><span id=\"Final_Thoughts\"><b>Final Thoughts<\/b><\/span><\/h2>\n<p>If you're new to the world of points and miles, it can seem completely overwhelming. Learning the basics is critical. By understanding the different types of reward points, you'll lay a good foundation for figuring out your favorite loyalty programs and redemptions.<\/p>\n<p>As you've seen, each different type of reward points has its own strengths and weaknesses. If you value simplicity, focus on fixed-value rewards and hotel points. Alternatively, airline miles and transferable rewards can be hugely rewarding if you don't mind the effort required to figure out their best uses.<\/p>\n<p>For those just getting started, we cover award booking strategy extensively on the blog. Also, our Facebook community <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/groups\/awardtravel101\" rel=\"noopener\">Award Travel 101<\/a>\u00a0is a great place to start your journey. But, like most things worth learning, it takes time and energy to develop the knowledge you need. We're here to help!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Points and miles can help you travel for a fraction of what you&#8217;d normally pay. But there are several different types of reward points, and these can be difficult to understand if you&#8217;ve just started collecting them. Here&#8217;s an introduction to the different types of reward points and how each can play a role in your award wallet.<\/p>\n","protected":false},"author":51,"featured_media":111450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[12054],"tags":[12655,12629],"coauthors":[36394],"class_list":["post-42769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tips","tag-beginners","tag-using-points"],"acf":[],"_links":{"self":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/42769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/comments?post=42769"}],"version-history":[{"count":50,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/42769\/revisions"}],"predecessor-version":[{"id":256465,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/posts\/42769\/revisions\/256465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/media\/111450"}],"wp:attachment":[{"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/media?parent=42769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/categories?post=42769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/tags?post=42769"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/awardwallet.com\/blog\/wp-json\/wp\/v2\/coauthors?post=42769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}