When you’re a frequent traveler, every offer for a new travel credit card or hotel or airline rewards program might seem like an amazing opportunity to earn free rewards. But just like anything, spreading your travel rewards earnings among multiple programs can inhibit bigger points or mileage earnings.
Before you sign up for another rewards program, review the following common pitfalls of joining too many rewards programs, and how to avoid spreading your rewards too thin.
1. Letting deals derail your rewards strategy
There are lots of savings to be had when it comes to hotel and airline loyalty programs, but it’s easy to miss an opportunity with one program because you are focused on another.
Don’t let small savings promotions derail your strategy. If you’re building up to a free flight through one program, carefully weigh that other airline’s flight deal you just discovered. Is the immediate savings worth delaying the free flight you’re working toward?
2. Never earning elite status
Hotels and airlines award various special offers and bonus points to their most frequent guests. Airlines may offer first-class upgrade opportunities and hotels may offer free nights, special promotions for discounted rooms, free breakfast and/or free Wi-Fi.
Look at airline route maps to see which carrier travels to the places you want to visit this year. Then look at its airline partnerships to see where you can also earn travel rewards. The network may get you everywhere you need to go.
» Learn more: How to get started with frequent flyer programs
If you already have elite status on an airline or hotel that was not a good pick for where you currently living or visiting, call the hotel or airline you want and ask if you can be given status. It’s common for hotels and airlines to award status to those who have proven frequent traveling with a competitor.
3. Paying too many annual fees and not earning it back in travel perks
It’s tempting to sign up for a new credit card every time you see an offer for tens of thousands of bonus points, but annual fees for travel rewards cards can cost you up to $500.
Before signing up for any card, calculate what the awards points are worth. It still may be worth signing up for the new card, but you’ll want to research value beyond the bonus points. Are you getting the points or mileage bonuses on the categories you spend in the most? Do they work with the airline or hotel you choose most often? Are travel rewards flexible?
Sometimes you may choose one card for mileage and one for general travel rewards. But remember: It takes quite a bit of spending to earn rewards, so mindfully spend across two cards. If you don’t, earning the trips you really want could become impossible.
How to Maximize Your Rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2021, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred® Credit Card