We’ve updated our monthly Credit Card ranking and there are great offers in the Canadian Travel Hacking world, as is always the case. So here are more details about the basics.
Flytrippers’ main goal is to find great limited-time flight deals, often at over 50% off. However, we think that if you like travel deals, you’ll love free travel too. So that is why we have launched a Travel Hacking section on our blog.
There will be much more free content to come and we want to help you learn all about Travel Hacking on your own, but we also have a new Travel Hacking Club for those who want a step-by-step easy way to get started and get $1,000 in free travel this year. In both cases, we assume you are financially responsible, if not, stick to the flight deals and the many tricks in our Travel Tips section: the Travel Hacking section is not for you.
Today, we’ll quickly explain what you could do with all the free Points & Miles you can easily earn. By the way, Points and Miles are two terms that mean the exact same thing and are used interchangeably.
It is Part 1 of 4, so it really gives you an overview of the 2 main types of Points & Miles.
Parts 2 & 3 will give you more details about each of the 2 main Points types. Finally this all leads up to Part 4 to learn how to maximize the return to get more out of your Points.
The goal here is to help you understand the complex world of Travel Hacking Points and how they work.
How Points Work
Before I get to the 2 main types of Points, let’s start with the basics. There are 2 main elements involved in Travel Hacking: Earning and Burning.
Both are very complex: accumulating Points (earning) is quite tricky but using Points (burning) can be even more complicated when you want to maximize the value of your hard-earned Points.
There are 2 main ways to earn Points & Miles to get free travel:
- earning Points thanks to credit card signup bonuses
- earning Points by using your credit card as often as possible
Unless you are a very big spender, the fastest way to earn Points will definitely be with the credit card signup bonuses. That part we’ve covered quite a bit already in our 10 Rules About Travel Hacking Credit Cards and Best Credit Cards in Canada pages. And in terms of maximizing your earning on everyday purchases, we have great pro tips coming soon on the blog.
There are 2 main types of uses and redemptions for Points to get free travel:
- completely free hotel nights (no taxes to pay)
- completely (or almost) free flights (taxes/surcharges to pay, but not always)
Which one should you choose? Well that really depends on what type of traveler you are. We will be posting an article to help you plan your Travel Hacking strategy based on your travel goals soon, but know that the two types of points we are getting to cover both hotels and flights. Using Points for anything other than those two often gives you a lot less value and is not recommended at all.
Types of Points
Finally here is the most important part to understand, the 2 main types of Points in the Travel Hacking world:
- Fixed Value Points: variable amount of Points required for free travel (detailed article here)
- Variable Value Points: fixed amount of Points required for free travel (detailed article here)
Since it’s never simple it the world of Travel Hacking, there is another twist: many Points are hybrid points (or flexible points, again: same thing). Those Points can therefore be used with either a fixed value or a variable value.
If you are flexible, you can get much more value out of your Points if you use them wisely and maximize them (variable value)… but at the very least, the fixed value Points give you a travel credit applied to any travel expense, if you don’t want to get into all the complicated stuff (fixed value).
The fixed value method is much simpler, but also much less rewarding… like anything else in the travel world, the simpler and more convenient you want it to be, the less you’ll get for your money. That’s normal. Convenience has a price, as always.
So here’s the overview, these are the 2 main types of Points. You can now read Part 2: How Fixed Value Points Work.
Want to see our current discounted plane tickets?
Click here to see our flight deals
Want more travel tips and inspiration?
Click here to see the blog homepage
You’ll probably enjoy this article:
How Ultra Low-Cost Carriers Work
Help us spread the word about our flight deals and travel tips by sharing this article and most importantly bookmark Flytrippers so we can help you navigate the world of low-cost travel!
Advertiser Disclosure: Flytrippers receives a commission on links featured in this blog post. We appreciate if you use them, especially given it never costs you anything more to do so, and we thank you for supporting the site and making it possible for us to keep finding the best travel deals and content for you. In the interest of transparency, know that we will NEVER recommend a product or service we do not believe in or that we do not use ourselves, as our reputation and credibility is worth far more than any commission. This principle is an essential and non-negotiable part of all our partnerships: we will never give any third-party any control whatsoever on our content. For more information on our advertiser disclosure, click here.
Travel Hacking Disclaimer: Flytrippers does not give financial advice. You should ensure travel hacking fits your personal situation and obtain professional advice if you so desire. Flytrippers may receive a commission for referrals, however our policy is to only recommend products or services we really believe in (and have ourselves). To read more on our disclaimer, click here.