Learning moment: Don’t intentionally hoard your points and miles

A key travel rewards tip: don’t intentionally hoard points and miles. Unlike cash, loyalty points and frequent flyer miles often devalue over time, with programs changing redemption rates, expiration policies, or availability. Waiting for the “perfect trip” may result in fewer options or higher costs. Instead, use your points when they offer good value—like award flights, free hotel nights, or upgrades. Treat your points as a travel currency, not a savings account. The best reward is a trip you actually take. Remember: points are meant to be enjoyed, not stockpiled.