Travel credit cards in particular tend to carry high annual fees, but they offer cardholders the opportunity to earn points to redeem for rewards.
Reward points offer incentives when consumers make purchases through select categories such as dining, travel, gas, and more. Miles are usually rewarded when making travel-related purchases through a travel credit card or via a loyalty program. Frequent travellers may prefer booking through select travel sites to earn points or enrol in loyalty programs.
Rawpixel.com // Shutterstock Know the expiration date A majority of the programs for larger airlines do not have an expiration date when it comes to utilizing miles and points. However, some of the budget airlines require booking once a year or once every two years to reflect some sort of travel activity. Other airlines require booking every six months or else travel miles will expire if the member doesn’t redeem rewards.
fizkes // Shutterstock Familiarize yourself with reward caps Reward credit cards often offer cash back, points, or miles to encourage cardholder spending, but there’s usually a monthly limit or cap on reward earnings. This limits how much cardholders can earn within that time period. Earning caps are more popular among cash-back credit cards and point-earning cards. Cardholders with miles-earning cards rarely have caps. Cardholders can reach their earnings cap and still earn rewards.
Dmytro Zinkevych // Shutterstock Maximize rewards by dining out Several airlines have dining reward programs that travellers can register for with a credit card or sign up for online. There are mileage dining programs that allow members to earn 100 additional bonus miles for completing a review within 30 days after eating out at each of their participating restaurants.
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