While you’ve been racking up reward points to get to Cancun, there is something the airlines aren’t telling you: Paying with points instead of cash or credit might bump you from a flight if there’s an incident at the airport.
Due to the nature of my job as editor of hundreds of articles on how to maximize credit card rewards programs, you’d think I’d become adept at playing the frequent flier miles/points credit card game. Not.
In fact, after almost a decade of accumulating miles/points here and there on one frequent flier program (American Airlines AAdvantage) and on a newly acquired Capital One Venture card, I have never redeemed them for a “free” flight. I always saved them, thinking that someday I would really, really need to use them for emergency airfare.
That emergency happened last week.
I feel like I’ve finally hit a credit card milestone: I bought my first plane ticket on frequent flier miles!
I’ve been using a Chase Continental business card for a few years, building up points, so when my mom said to come visit her in Ireland where she’s studying, I was ohsoclose to having enough points for a free flight with them.
Then I discovered how to make my soon-to-be-Irish eyes smile.
While summer doesn’t begin until late June, it already feels like it in most parts of the United States (especially here in Texas). I don’t know about you, but I’m already dreaming of my summer vacation. It’s not planned yet, but I’m not too stressed out about it. I’ve been saving for a trip little by little every week, and I have enough Continental frequent flier miles to get me a round-trip ticket to pretty much anywhere the airline flies.
Before you get too lost in thought about your next vacation, read on for my roundup of my favorite posts from the past week from the personal finance blogosphere.
Here’s 10 $20 bills, and a $5 bill. Take them. They’re free. You want them?
Apparently you don’t.
In a time when saving is in vogue, it would seem that $200 is a sizable enough sum not to disregard. Yet the average household that participates in loyalty programs fails to redeem $205 of $622 in rewards each year, be it airline miles or points accrued from shopping and credit card use.