Your credit card points are losing value and this is why (#361)

In today’s episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway breaks down why your credit card points may not be as valuable as they once were. With inflation driving prices up, the points you save may not stretch as far as they used to. Listen in as we explore inflation’s impact on your purchasing power and offer strategies for maximizing your rewards.

Key Takeaways:

1. Credit Card Points are Like Money: The points you earn from using credit cards are losing value as inflation rises. Just like your dollars, your points now buy less.
2. Inflation’s Impact on Travel Rewards: Since 2019, the cost to redeem points for flights has skyrocketed. For example, a one-way flight from New York to London has doubled in point value—from 86,000 to 155,000.