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Are you tired of collecting the miles you need for a flight only to not be able to find an open award seat?
When you pay for flights with bank points (or cash back) you can book almost any flight with no blackout dates. And you will earn frequent flyer miles, and elite status credit.
Million Mile Secrets reader Tom asked:
I want to use the Chase Ultimate Rewards travel portal or the AMEX Membership Rewards travel center to buy American Airlines flights with points. Will I earn American Airlines miles AND move toward loyalty status like a cash buyer?
You will, Tom!
Lots of folks want to double-dip with free flights while earning elite status credit. There are plenty of credit card points you can use to pay for flights with points.
I’ll explain your options!
Pay for Flights With Points
When you pay for flights with bank points, it works a lot like cash back. Except you’ll often get a better redemption rate. This is a great option if you can’t find award seats because there are no blackout dates when you pay with points.
All of the major transferable points programs have a pay with points option. And many non-transferable points have one as well. But depending on the flight, paying with points isn’t always the best deal!
1. Chase Ultimate Rewards
You can redeem points towards flights at a rate of:
- 1 cent per point with the Chase Freedom, Chase Freedom Unlimited & Ink Business Cash Credit Card (And the no longer available Chase Sapphire card)
- 1.25 cents per point with the Chase Sapphire Preferred Card & Chase Ink Business Preferred Credit Card (And the no longer available Chase Ink Plus & Ink Bold cards)
- 1.5 cents per point with the Chase Sapphire Reserve card
This where it gets tricky. Cheaper flights will require fewer points if you book through Chase. But for more expensive flights,
you’ll likely be better off transferring to an airline for an award.
For example, both American Airlines and United Airlines charge 12,500 miles for a one-way saver-level award from Chicago to Miami. If you have the Chase Sapphire Preferred or Chase Ink Business Preferred you could redeem points for the same flights at almost half what it would cost for the award flight!
If you’re looking to book a more expensive flight, then you’d be better off transferring points to book your flights unless you can’t find an award seat. Or if you’re close to earning elite status with an airline, you might want to pay with points.
Always run the numbers and do what is best for your situation!
2. AMEX Membership Rewards
You can earn AMEX Membership Rewards points with the following cards:
|Personal Cards||Business Cards|
|American Express® Gold Card||American Express® Business Gold Card|
|The Platinum Card® from American Express||The Blue Business℠ Plus Credit Card from American Express|
|Amex EveryDay® Preferred Credit Card from American Express||The Business Platinum® Card from American Express|
|Business Green Rewards Card from American Express|
AMEX Membership Rewards has lots of great transfer partners that can get you Big Travel with Small Money. So redeeming AMEX Membership Rewards points at a rate of 1 cent per point is usually NOT your best option, because there are so many other less valuable points that offer the same 1 cent per point value.
3. Citi ThankYou Points
You can use any amount of points to book your flights at 1.25 cents per point through the ThankYou Travel Center when you have:
Paying for airfare with Citi ThankYou points is can be a good deal on cheaper flights. Usually, domestic round-trip awards cost 25,000 miles. So if the price of your flight is less than ~$312 you can book it with fewer points if you pay with your Citi ThankYou points directly (~$312 / 1.25 cents = 25,000 points).
Domestic round-trip Business Class seats are usually 50,000 miles, and can cost $1,000+. But redeeming 50,000 points at 1.25 cents per point would only get you $625 worth of airfare (50,000 X 1.25 cents = $625). So for expensive Business Class or First Class flights it’s usually better to transfer your points to an airline and book an award.
4. Paying With Other Bank Points
I prefer to use my valuable flexible points with their transfer partners. So whenever possible I would pay with these other credit card points first, because they have a set value and you can NOT transfer them to airlines for award flights.
- Bank of America Premium Rewards credit card points are worth 1 cent each
- US Bank Altitude Reserve Visa Infinite Card points are worth 1.5 cents per point towards travel expenses
- US Bank FlexPerks points can be worth up to 2 cents per point towards airfare. BUT that’s only if you can find a flight for exactly $400
Folks love getting free flights with points and miles. But when you book award tickets with airline miles, you will NOT earn frequent flyer miles or status with the airline.
However, many banks offer the option to pay for your flights with points or cash back. When you do this, you can get a free flight AND earn frequent flyer miles at the same time!
Thanks for the question, Tom!