Frequent Miler made a couple of posts with a basic guide to determining whether a booking is worth it when you use your points. His advice is pretty good, and presents good guidelines to figuring out if you should use points or not. However, it is also important to keep your goals in mind. If your goal is to minimize out of pocket expense of any kind, and you have earned your miles through signup bonuses (as opposed to regular credit card spending), then it’s perfectly acceptable to redeem awards that are “not worth it” by the guidelines presented.
Following up our recent post on credit card churning, View From The Wing is out with a post on a recent credit card churn that netted nearly 200,000 miles. Combine that with his recent post on taking a dream vacation on credit card signup bonuses, and you can see how with a bit of attention, those bonus miles can really count!
Acknowledgements to Gary at View From The Wing for these two excellent articles.