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What Is a Travel Mile Really Worth? Not as Much as You Might Think - Real Simple
Those points may not get you a ’round-the-world trip, but they’ll get you somewhere.
Any frequent—or even semi-frequent—traveler likely has figured out ways to smooth away the bumps of travel, whether that’s finding tricks for staying comfortable on a plane or using travel rewards credit cards that earn frequent flyer miles and other perks. Travel rewards credit cards can help ease the financial strain of traveling often and even make it possible to travel more frequently—but a new study says they might not be as valuable as many travelers and card-holders think.
According to the 2019 Travel Credit Card Study from personal finance site NerdWallet, 35 percent of U.S. residents have a travel rewards credit card. The survey asked more than 2,000 adults what they knew about their travel rewards credit cards and found that many people overestimate how much the rewards earned—points or miles to put toward flight purchases and sometimes hotels, car rentals, and more—are really worth.
Those points may not get you a ’round-the-world trip, but they’ll get you somewhere.
Any frequent—or even semi-frequent—traveler likely has figured out ways to smooth away the bumps of travel, whether that’s finding tricks for staying comfortable on a plane or using travel rewards credit cards that earn frequent flyer miles and other perks. Travel rewards credit cards can help ease the financial strain of traveling often and even make it possible to travel more frequently—but a new study says they might not be as valuable as many travelers and card-holders think.
According to the 2019 Travel Credit Card Study from personal finance site NerdWallet, 35 percent of U.S. residents have a travel rewards credit card. The survey asked more than 2,000 adults what they knew about their travel rewards credit cards and found that many people overestimate how much the rewards earned—points or miles to put toward flight purchases and sometimes hotels, car rentals, and more—are really worth.