Money Analysed

The Risks and Rewards of Hoarding Points and Miles

Hoarding points and miles has become a popular trend among frequent travelers and avid consumers. While it may seem like a lucrative way to acquire rewards and benefits, there are risks and downsides to this approach.

In this article, we will explore the risks and reasons people hoard points and miles.

The Risks of Hoarding Points and Miles

Devaluation of Points and Miles

One of the major risks of hoarding points and miles is devaluation. Loyalty programs are highly competitive and constantly evolving, and as a result, they often change their policies and redemption rates.

For example, airlines may change their award charts or hotels may change their categories, making it harder to redeem points and miles at a high rate of return. This could lead to severe loss of value for the points and miles accumulated by the consumer.

To mitigate this risk, it is advisable to redeem points and miles as soon as possible, rather than hoarding them. It is also essential to stay updated with the latest news and changes in the reward program to understand the worth of the points and miles.

Theft of Points and Miles

Another significant risk of hoarding points and miles is the theft of rewards. Reward program fraud has become more prevalent in recent years, with hackers and scammers targeting consumer accounts with large balances of points and miles.

Once these rewards are stolen, it can be challenging to recover them. Moreover, consumers may lose their points and miles due to account inactivity or expiration dates.

To protect themselves from points and miles theft, consumers should ensure they have a strong and unique password and turn on two-factor authentication. It is also essential to monitor account activity regularly and report any suspicious emails or transactions immediately to the reward program customer service.

Reasons Why People Hoard Points and Miles

Enjoyment of Earning Points and Miles

One of the main reasons people hoard points and miles is the joy of collecting and accumulating rewards. The accumulation of points and miles gives consumers a sense of achievement and satisfaction.

They may also enjoy tracking their progress towards their goal or taking advantage of promotions to increase their balance. To balance this risk, it is necessary to have a plan on rewards redemption and use the rewards before they expire or become obsolete.

Additionally, focusing on a limited number of programs that suit personal travel goals and lifestyle can help concentrate the rewards in a useful direction.

Uncertainty in Travel Planning

Another reason people hoard points and miles is uncertainty in their travel planning. Consumers may have a long-term travel goal in mind, but are unsure of when, where, or how they will achieve it.

Therefore, they hoard points and miles to gain flexibility and freedom in their travel when the time comes. To counter this risk, consumers should keep the expiration dates of their rewards in mind when planning travel.

They could also use a points and miles tracking tool to organize them better and view the rewards’ current worth and urgency of use.

Fear of Travel

Another reason why people hoard points and miles is due to their fear of travel. People who suffer from anxiety or have a fear of flying may accumulate rewards but never use them to travel.

This hoarding behavior provides a sense of security or comfort to the consumer, even though they may miss out on the benefits. To combat this risk, it is essential to address the fear of flying or anxiety through therapy or similar means.

Consumers could also avail of redemption for non-travel benefits such as taking advantage of shopping portals or donating to charitable causes, thus still availing of the rewards’ value.


Hoarding points and miles can provide joy and satisfaction while also helping consumers achieve travel goals. However, it comes with its share of risks such as devaluation of rewards, account theft, or fear of travel.

To use points and miles effectively, consumers should have a plan, stay updated with the program’s policies and redemption rates, and use their rewards before they expire. The key is to balance the rewards’ accumulation and redemption effectively while enjoying the process.

Trips to Book with Accumulated Points and Miles

Accumulating points and miles can be worthwhile when planning a much-needed getaway. Here are five trips you can book using reward points and miles:

Luxurious Weekend in Miami with Hilton Honors Points

Miami is a popular tourist destination best known for its beautiful beaches, vibrant nightlife, and cultural attractions. By using Hilton Honors points, you can indulge in a luxurious weekend at the Hilton Bentley Miami/South Beach hotel in Miami.

The hotel is steps away from the beach and offers guests the perfect beach resort experience. You can redeem your points for free nights or even upgrade for a more comfortable stay.

You can also use your points to access exclusive experiences in Miami, such as a VIP tour of the city or a culinary tour featuring the best of Miami’s food scene.

Indulging in New York City with American Airlines Miles

New York City is a bustling metropolis and one of the most iconic cities globally, known for its exquisite food, grand architecture, and cultural landmarks. With American Airlines miles, you can explore New York City in style.

You can redeem your miles for a roundtrip ticket and stay at a top-notch hotel such as the Ritz-Carlton or The Plaza Hotel. You can also indulge in a foodie tour, sample some of the city’s best cuisine, and experience luxury shopping with your miles.

Visiting Sydney with Delta SkyMiles

Sydney is one of Australia’s most iconic cities, famous for its natural beauty, rich cultural heritage, and exciting lifestyle. With Delta SkyMiles, you can fly to Sydney and enjoy some of the city’s most famous tourist attractions, including the Sydney Opera House, Bondi Beach, and Taronga Zoo.

You can redeem your miles for flights and book accommodations at a luxury hotel such as the Shangri-La Hotel or Park Hyatt. Additionally, you may opt for exclusive tours and experiences like sampling Australia’s finest wines or going on a sunset harbor cruise.

Exploring London with United Airline MileagePlus Miles

London is a global hub for business, art, and culture. Known for its stunning architecture, rich history, and iconic landmarks, it is a must-visit destination for anyone in search of luxury and elegance.

By using United Airline MileagePlus Miles, you can book a flight to London and explore its highlights, including the British Museum, Tower of London, and Buckingham Palace. You can book a stay at a luxury hotel, such as the Savoy, and avail of cultural tours or food tours to explore the diverse cuisine of the city.

Traveling in Style to Singapore with Singapore Airlines

Singapore is a fast-growing metropolis that attracts tourists from around the world with its luxurious lifestyle, modern architecture, and diverse culture. With membership rewards transfer, you can transfer your points from American Express Membership Rewards to Singapore Airlines.

You can redeem your rewards to fly in style and luxury via Singapore Airlines, one of the world’s most prestigious airlines. You can also book a stay in a luxury hotel like the Marina Bay Sands and delight in exclusive tours like exploring hidden alleys and sampling unique local food.

How to Build up Points and Miles

Building up rewards points and miles takes time and effort, but there are ways to increase point earnings and trips that you can book. Here are five ways to build up your points and miles:

Maximize Point Earnings with Shopping Portals and Dining Programs

Shopping and dining are everyday activities that can help you earn more points and miles. By using a shopping portal or dining program, you can earn rewards for purchases.

Some reward programs earn up to a 10% return on purchases made through their shopping portals or dining rewards. This technique is known as rewards stacking, where you add several layers of rewards to earn points faster for your daily activities.

Opening a New Rewards Card

Travel credit cards offer excellent sign-up bonuses, which can help you earn points and miles quickly. Many reward credit cards offer thousands of sign-up bonus points for new members, which can translate to a free flight or hotel stay.

To maximize rewards earnings with reward cards, consider signing up for credit cards with rotating bonus categories and low annual fees.

Using Chase Sapphire Preferred Card for More Points

The Chase Sapphire Preferred Card offers a travel reward program that allows you to earn points on travel and dining purchases. With this card, you can earn points that can be transferred to several airlines and hotels, making it easier to redeem them for travel.

The card provides bonus points for travel-related expenses, including car rentals and flights, making it the perfect card for vacation planning.

Earning with American Express Gold Card

The American Express Gold Card is an excellent card for earning rewards for restaurant and grocery purchases. Cardholders can earn bonus points for these purchases and can also redeem their points for travel expenses.

Additionally, this card offers exclusive perks for cardholders, such as statement credits for airline fees, making it an excellent option for frequent travelers.

Adding Chase Sapphire Reserve to Your Wallet

The Chase Sapphire Reserve card provides travel benefits and rewards for cardholders. This card offers bonus points on travel and dining expenses, which can be redeemed for travel expenses or transferred to various airlines and hotels.

The card also offers travel perks such as lounge access, travel credits, car rental privileges, and insurance protection, making it an excellent choice for frequent travelers.


Building points and miles takes time and effort, but it is worth it to book an incredible vacation with travel benefits and rewards. These strategies can help you build up your points and miles bank, so you can indulge in a luxurious getaway without breaking the bank.

By taking advantage of reward credit cards, dining and shopping programs, and transfer partners, you can earn more points and miles, receive exclusive perks, and have the trip of a lifetime.

Why You Should Spend Your Points and Miles

Accumulating points and miles is an excellent way to earn rewards, but hoarding them could cause more harm than good. Here are three reasons why you should spend your points and miles:

Travel Goals: Once-in-a-Lifetime Opportunities

Travel goals often involve visiting destinations that represent unique experiences and adventures, like visiting the Taj Mahal or taking a helicopter tour over the Grand Canyon.

These adventures often require significant planning and budgeting but using points and miles can make these experiences more achievable. Redeeming your points and miles towards once-in-a-lifetime travel experiences provides a sense of accomplishment, exploration, and lasting memories.

Once you accumulate enough points and miles, it is advisable to plan and book to get the most value.

Risks of Hoarding Points and Miles Outweigh Benefits

Hoarding points and miles comes with risks that can significantly outweigh the benefits. Devaluation of points and miles is a significant risk as loyalty programs frequently change their policies and redemption rates, and not using points and miles could mean that their value decreases over time.

Points theft and account deactivation due to inactivity are also significant concerns, which can lead to the loss of all accumulated rewards. The best way to mitigate these risks is by monitoring account activity regularly, redeeming rewards frequently, and using points and miles before they expire.

Have Fun and Enjoy the Rewards

Finally, it is essential to remember that accumulating points and miles is not just about saving money but also experiencing luxury and fun. Enjoying the benefits of reward programs can enhance your travel experience without any added cost, such as free hotel stays, complimentary upgrades, and access to exclusive lounges or events.

Using these rewards to enjoy a luxurious vacation and taking advantage of additional benefits like free WiFi, airport transfers, and discounted car rentals can enhance the travel experience. It adds a sense of luxury and indulgence to the trip, and help make it unforgettable.


In summary, it is crucial to make the most out of your points and miles and ensure that they benefit you in the long run. Travel goals, adventure, and luxurious experiences are only a few reasons to spend your points and miles.

Furthermore, accumulating points and miles can lead to significant benefits, such as tokens of appreciation for customer loyalty, and allow you to experience new destinations without breaking the bank. Moreover, avoiding the risks of devaluation, account theft, and expiration requires using and redeeming the points and miles promptly.

Finally, enjoying the rewards, and having fun enhances the travel experience with added bonuses and exclusive opportunities, making the trip more memorable. In conclusion, accumulating point and miles can be a rewarding experience, but it is essential to spend them wisely and not hoard them.

Hoarding points and miles can lead to risks, such as account theft, devaluation, and expiration, which could result in serious losses. To make the most of your points and miles, it’s best to redeem them promptly to achieve your travel goals, enjoy luxurious experiences, and take advantage of exclusive benefits like lounge access and trip upgrades.

The takeaway is that point and mile accumulation remains a lucrative method of gaining travel rewards, but spending them with a concise redemption strategy ensures that the benefits outweigh the risks and offer a memorable travel experience.

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