The Types of Points and MilesPerhaps the most foundational thing to understand when using miles and points is what type of points you are working with. Because points are worth a fixed amount, the points programs do not need to worry about restricting capacity and you do not need to worry about redeeming your points for less than their possible value. Transferable PointsPoints currencies such as American Express Membership Rewards, Chase Ultimate Rewards and Citi ThankYou points are generally thought of as transferable points currencies because of the ability to transfer these points to other points programs. Some credit card points programs also allow you to pay for part of a travel booking with points. The goal of this guide is to give you a framework to understand the structure of how miles and points redemptions work and has made you ready to start using your miles and points for rewards.

Source: Forbes February 08, 2021 14:03 UTC