Plus, how the programs work, how to avoid pitfalls, and tips for staying organized.

David Harrell is the editor of Morningstar’s DividendInvestor newsletter. He’s also a miles and points enthusiast. He shares what he’s learned from his credit card points journey, including that miles and points aren’t so-called free money.

00:46 Credit Card Points

01:47 How Do Travel Credit Cards Work?

03:27 Why Did Credit Card Companies Start Offering Rewards?

03:58 Why Have Credit Card Programs Become a Part of Airlines' Business Models?

06:22 Could Credit Card Companies Pull Back on Rewards?

08:41 Surcharges with Credit Cards

09:52 What is the Cost of Points and Miles?

12:15 Should You Spend to Earn Rewards Without Paying Off Your Credit Card Bill Each Month?

13:41 Spending vs Splurging

16:06 What to Know Before Researching Credit Card Rewards

18:21 Recommendations to Maximize Credit Card Rewards

Read about topics from this episode.

4 Lessons from My Credit Card Points and Miles Journey https://www.morningstar.com/personal-...

Why Do I Need a Credit Card? https://www.morningstar.com/personal-...

Best Financial-Services Companies to Own https://www.morningstar.com/stocks/be...



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