Alaska Airlines is matching status of disgruntled Delta Air Lines frequent fliers as the airline recently changed its loyalty program.
07.09.2023 - 09:23 / nytimes.com / Delta Skymiles / Gary Leff
Sign-up bonuses, lounge access, cash rebates, free hotel rooms and plenty of fine print: The dizzying promotions and Byzantine rules on earning and redeeming points with rewards credit cards can make your head spin. Here are some ways to cut through the confusion and get the most out of them.
Rewards cards offer three types of value. There is typically a sign-up bonus, up to 120,000 points or miles after spending a minimum amount within a certain period. Then there are the points, miles or cash back you receive for spending with the card, sometimes multiplied for purchases in specific categories like travel, dining or fuel. Last, there are the benefits you receive as a cardholder, like credits for the Global Entry or TSA PreCheck application fees, access to airport lounges, and elite status at hotels.
Travelers should weigh the rewards against the annual cost of a card, which can range from zero to $695, and which airlines, hotels and other travel partners it works with. To get the best value, pay off the total balance each month to avoid interest charges. Autopay is your friend.
A co-branded card, like the Alaska Airlines Visa Signature (fee $95), helps you achieve status faster with that airline. Cards co-branded with airlines may also offer perks like priority boarding, free checked bags and lounge access — a plus if you tend to fly on one carrier. The Alaska card offers a $99 companion ticket (plus taxes and fees) each year when spending requirements are met. Hotel chains offer similar co-branded cards. The World of Hyatt Visa and Marriott Bonvoy Boundless Visa (both $95) give cardholders one free night, at their low- to midtier brands, on the anniversary of the customer’s sign-up.
If you choose a card that’s not co-branded, you can sometimes transfer your points to your preferred airline’s loyalty program. For cards that don’t have partnerships with certain airlines, you can often use code-sharing as a workaround. For example, Capital One does not allow you to transfer your points directly to Delta SkyMiles. To book a seat on a Delta flight, transfer your points to Aeromexico — which Capital One does have a partnership with — then use those points to book a code-share seat on Delta through the SkyTeam alliance.
Redemption values can change depending on how you use your points, said Gary Leff, of the travel site View From the Wing. His advice: Explore the variety of ways you can redeem them and aim to get at least one penny per point. Citi ThankYou points are usually worth a penny when buying gift cards from a variety of retailers. American Express cardholders will get 1 cent per point when they’re using their Membership Rewards balance to purchase an airline ticket or a hotel room on the Amex
Alaska Airlines is matching status of disgruntled Delta Air Lines frequent fliers as the airline recently changed its loyalty program.
If you ask TPG staffers for a credit card recommendation, there's a good chance we'll recommend a card that has an annual fee. Most of our favorite cards come with many benefits that provide value well beyond their annual fee costs, so we consider them well worth paying.
This series of articles about credit cards, points and miles, and budgeting for travel is brought to you in partnership with The Points Guy.
Editor's note: This story is continually updated with new information.
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