Beginner’s Guide
Start Your Journey with Points and Miles
Welcome to the world of luxury travel for less! At Point by Point Travel, we believe travel should be fun and accessible to everyone. Whether you’re new to points and miles or looking to fine-tune your strategy, this guide will help you maximize your travel rewards while keeping it simple and rewarding. Here are our top tips to get you started:
1. Choose the Redemptions That Fit Your Travel Style
The best redemption is the one that works for you. Whether you prefer flying first-class, staying at 5-star resorts, or stretching your points for more frequent economy trips, this hobby can be tailored to suit your preferences. Remember: travel is personal, and so is how you use your points!
2. Keep It Simple – Focus on Sign-Up Bonuses (SUBs)
Instead of stressing over every purchase, focus on credit cards with lucrative sign-up bonuses. Most cards offer welcome bonuses after spending a certain amount within the first few months, which can quickly add up to significant rewards. For example, spending $4,000 on a card might earn you 60,000 points, enough for several nights at a luxury hotel or flights.
3. Understand the Chase 5/24 Rule
Chase’s 5/24 rule is crucial for optimizing your credit card strategy. It limits you to opening five credit cards (across all banks) in 24 months. Business cards from certain banks, however, don’t count toward this limit. Understanding this rule is key to planning which cards to apply for and when.
4. Be Selective with Authorized Users
Adding an authorized user can be beneficial, but it’s important to know that doing so can affect your 5/24 count. Limit authorized users unless it brings specific perks, such as airport lounge access.
5. Use Transfer Partners Wisely
While many credit cards offer travel portals, transferring points directly to airline and hotel loyalty programs often yields better value. Direct transfers allow you to use your status and have more flexibility with cancellations or changes.
6. Play in Two-Player Mode
If you have a partner, take advantage of “two-player mode” by applying for separate cards to maximize points and bonuses. By coordinating your efforts, you can earn more points without exceeding the 5/24 rule too quickly.
7. Understand the Value of Business Cards
Many business credit cards offer excellent bonuses and rewards while not counting toward the 5/24 rule. If you have a small business or side hustle, consider applying for these cards to increase your earning potential.
8. Earn Responsibly
While points and miles can take you far, it’s important to manage your finances wisely. Paying credit card interest can offset the benefits of points. Make sure you’re always paying your balances in full to truly enjoy the perks of luxury travel.
9. Transfer Points When You're Ready to Book
Don’t transfer points to airlines or hotels until you’re ready to book. Most transfers are irreversible, so it’s best to wait until you’ve found the right redemption.
10. Identify Preferred Airline and Hotel Partners
Identify your preferred travel partners early, whether it’s your go-to airline or favorite hotel chain. Many programs require you to have an account open for a certain period before transferring points, so plan accordingly.
Staying Organized & Monitoring Your Credit Score
Staying organized in the points and miles world doesn’t have to be complicated. Tools like downloadable spreadsheets or travel apps can help you track sign-up bonuses, card openings, and the 5/24 status.
Impact on Credit Score:
Though we’re not financial advisors, we can assure you that using points and miles responsibly doesn’t have to negatively affect your credit score. With proper management, our credit scores have consistently remained above 800 while enjoying this hobby.
