Should I Maximize Rewards at the Expense of Convenience?
TPG reader Aaron sent me a message on Facebook to ask about how to prioritize earning rewards:
"To what extent would you try to maximize rewards even if it means sacrificing some comfort or convenience in your travel arrangements?"
You have to earn travel rewards before you can spend them, and learning to maximize the points and miles you get from flights, hotel stays and other purchases is an important step. When all else is equal, I go for the airline or hotel that offers me the best return on my spending. However, Aaron brings up a great question: Where do you draw the line for maximizing rewards when your options aren't equal?
Personally, the answer depends on a number of factors like who I'm traveling with, where I'm going and why. I know the incredible value I can get out of points and miles, so I welcome opportunities to earn them quickly — as the saying goes, you can't win if you don't play. I have certainly chosen flights and hotels based on which ones offered the best rewards, and there are a few scenarios where I'm more willing than normal to make sacrifices for the sake of my future travels.
The first is if I need elite credits to earn or maintain upper-tier status. I travel a lot, and having status like AAdvantage Executive Platinum or Starwood Platinum really improves my experience. I've gone on mileage runs and mattress runs to lock down premium benefits; if I can do it by simply flying or staying a little out of my way, it's a no-brainer.
The second scenario is when there's a particularly juicy promotion or bonus. For example, the current Marriott Megabonus offers a free night at a Category 1-5 property after two paid stays. That could entice me to stay with Marriott this spring even if I was already planning to stay elsewhere.
On the other hand, I tend to earn just as much (or more) from credit card sign-up bonuses and spending as I do from actual flights and hotel stays. There's less pressure to maximize my rewards from travel when I can accumulate them quickly in other ways. On a similar note, I don't go too far out of my way to redeem rewards and travel benefits. For example, as much as I love the Amex Centurion Lounges, I probably wouldn't schedule a layover just to hang out there.
Ultimately, you have to decide what makes sense for your situation. If you don't mind checking into a different hotel every few nights to maximize a promotion, then more power to you. Just remember that your time is valuable, and earning extra rewards for the future doesn't do you much good if you can't enjoy the present.
If you have any other questions, please tweet me @thepointsguy, message me on Facebook or send me an email at info@thepointsguy.com.
TPG featured card
at Capital One's secure site
Terms & restrictions apply. See rates & fees.
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Pros
- The Capital One Venture X business card has a lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- Earn 150,000 bonus miles once you spend $30,000 in the first 3 months from account opening
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
- Top rated mobile app