Some people collect baseball cards. Others
favor classic cars or coins. But one item you should not hoard, experts say,
is credit-card reward points.
It can be tempting to stockpile reward points
and envision a far-flung, luxurious vacation someday, paid for with the trove
of airline frequent-flier miles and hotel points you've gradually accumulated.
But the reality of miles and points is that
they are like other currencies that become less valuable over time. Not only
can they expire, but the airlines, hotels and other companies that accept them
are continually increasing how many you need to cash in to receive an award.
Instead of collect and nurture, think earn and burn.
"It's like a car: You're holding onto a
depreciating asset," says Matthew Kepnes, who blogs about budget travel at NomadicMatt.
"The million miles you have today are not going to be worth the million you
But how do you know when to offload them? Check out the seven signs in the slideshow below.
We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.
Three most recent Reward programs stories:
How to save when booking boutique hotels – Boutique hotels offer a personalized and unique experience, but you typically can't book them with your big chain loyalty points. Here's how to use other loyalty and rewards programs and travel cards to book a unique stay ...
CreditCards.com is an independent, advertising-supported comparison service. The offers that appear on this site are from companies from which CreditCards.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within listing categories. Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. CreditCards.com does not include the entire universe of available financial or credit offers.