Jacob Passy

speaker
580 appearances 9 recordings 1 series first heard Sep 2017 last heard Jan 2025

Jacob Passy’s voice in public audio — every appearance, attributed to the second.

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It depends.
All this varies from program to program, but generally speaking, the points over time are going to lose value.
What we've seen in the travel space for years now is that basically there's inflation.
So as the cost of travel goes up, so does the cost in points to book that same travel.
But with certain programs, you'll also see points potentially expire if you don't use them or if you're not engaging with the program.
So that's something to keep in mind.
Those points may not be there in your account if you're not paying attention to those policies.
A bit of anything.
There's certain rules of thumb that they abide by.
Transatlantic business class flights are going to be the biggest bang for your buck oftentimes.
You'll find these like crazy deals on those, but obviously that's not feasible for everyone and not everyone has enough points to put towards something like that.
But really at the end of the day, if you're getting about one and a half to two cents per point, if you're comparing it
to the sticker value of the trip that you're planning, that's a good use.
They should start off by doing an inventory.
You want to know how many points or miles you have, where you have them.
And again, this is also a good opportunity to do that kind of check to see how much they're worth and whether any of them are set to expire.
If you have a cache of points that are only good for a few more months, you should prioritize those versus something that's not going to expire.
It often can be.
So for starters, the redemption values through the airline's own programs can often be better than what you would get if you book through your credit card company's travel portal.
Oftentimes, airlines will run incentives or deals where they'll give you an extra bonus for transferring your points from like Chase or American Express to them.
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