When it comes to earning points and miles, having a foundational understanding of credit is imperative. Unfortunately, many Americans don’t actively keep up with their credit.

Most people don’t even understand how credit works. There’s a reason why the number one question I get when explaining points and miles to people is “doesn’t that hurt your credit?” Even people who I would consider financially savvy tend to ask me this question, and it is simply because people don’t understand how credit works.

If you’re new to credit, let me start off with some calming words.

There are a few fundamental rules to the success of anyone involved in points and miles. If there’s one that is more important than any other, it is the Chase 5/24 rule.

The Chase 5/24 rule is so fundamental that you’ll almost always hear someone mention it when discussing sign up strategies. “What’s your 5/24 status?” is almost always the first question asked when someone asks for credit card recommendations.

If you haven’t heard of the 5/24 rule yet, you may be wondering what the big deal is.

The infamous 2020 is soon coming to an end (and, if you ask me, its about time!). Although we still aren’t clear what travel is going to look like for 2021 and beyond, now is the time to at least start thinking about what you would like your travel goals to look like.

If you’re like many travelers, you may not be focused on much international travel.

If there’s one major airline program I love having miles with it's the American Airlines AAdvantage program. Knowing the ins-and-outs of the American Airlines AAdvantage program can help you get some outsized value from your miles. 

One of the best ways to do so is by redeeming them with American’s partner airlines. Don’t let this stop you from looking at American Airlines own flights, but you’ll typically find more value with its partner airlines. 

Let’s take a deep dive into some of the best ways to redeem American Airlines AAdvantage Miles.

When I’m trying to decide what my next credit card is going to be, I consider a lot of factors. What trips do I want to take in the next one to two years? What points do I currently have? What points do I want? What’s my 5/24 status? 

These questions always help guide me towards a card that will help me meet my goals. I don’t open cards just for the sake of opening them.