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:

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.
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.
Strategies to Maximize Value: While inflation is unavoidable, you can still maximize your rewards by watching for big sign-up bonuses and being mindful of annual fees.

Quotes:

"As the price of goods goes up, the value of your dollar today goes down."
"Think of those points and miles as money—they’re getting a little bit less now."
"A dollar today is worth more than a dollar tomorrow, and that applies to your credit card points too."

Tune in now to learn how to protect the value of your hard-earned points!

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

https://calendly.com/abridgewaywm/consultation

📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: Today