Maximizing Loyalty Points, Current Travel Deals, and the Importance of Credit Card Loyalty

The speakers discuss the significance of loyalty points and miles, highlighting the increase in miles circulation due to airlines selling them to credit card companies. They advise using points now, as Southwest Airlines plans to decrease their value in the future. The chapter also covers the current state of the travel industry, including struggling domestic airlines and high demand for international airfare. Good deals, such as low fares to Puerto Rico and Miami, are mentioned. The speakers further discuss loyalty programs for car rentals and hotels, emphasizing the value of perks and elite status over car rental programs. They recommend the world of Hyatt loyalty program, along with Marriott and Hilton. The importance of being loyal to a credit card rather than a specific hotel or airline is emphasized, as credit card companies offer more flexibility with transfer partners. The chapter concludes with a brief mention of cash back cards and the recommendation to choose one that offers overall cash back for greater spending flexibility.