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.

Flying Blue, the award program of Air France and KLM, often flies under the radar. Even with dynamic award pricing, there are plenty of reasons to check it out. Let’s move about the cabin and take a look. 

The Basics

Flying Blue is the name of the mileage program for Air France and KLM, part of the SkyTeam Alliance which includes 17 other airlines such as Delta Airlines and Alitalia. That means when flying on a revenue (e.g.

Updated March 30, 2020 to include data points on award refunds

Updated March 27, 2020 to include data points on United's refund practices.

There’s nothing normal about travel during the COVID-19 outbreak. As with any travel decision, always do what you feel most comfortable with. It is our personal opinion that there are many good reasons to take this time to plan ahead for future travels and more.

Let’s move about the cabin and discuss.

Eventually We’ll Be Cleared For Takeoff

There will come a time when the virus is over.

There are a few reasons I would never cancel a credit card. I wouldn't cancel a card:

With no annual fee. There's not much point, and eventually these old accounts will improve the average age of my credit accounts which will help my credit score. Plus presumably the card offers at least one benefit that has some value to me.
With a renewal bonus more valuable than the annual fee. Several cards offer bonus points or free hotel nights every year you pay the annual fee.