I have a BlueSky card from American Express. I earn 1 point per $1 I spend on the card. For every 7500 points, I can redeem for a $100 "travel" credit. This means that if I want to "redeem" it, I first charge the purchase to my AMEX card and then request the credit when the statement comes. I have 2 billing cycles from when the charge appears to request the credit.
So, for example, right now, I have 23,000 points which equals $300 in credits. If I buy a $250 airline ticket, I can either redeem 7500 points ($100), 15,000 points ($200) or 22,500 points ($250...the amount of the purchase). This is different from the Capital One card, which would require to redeem enough to cover the entire amount. The AMEX card lets me choose how much I want to redeem. The points never expire and they are good towards anything categorized (by the merchant) as "travel".
When we joined, they gave us 30,000 bonus points for signing up....a $400 credit right from the start
. I accumulated another 15,000 and I was able to get a credit of $600 for our Disney tickets from
UnderCoverTourist!
Oh, the other nice thing is that you can combine expenses for reimbursement. We have a hotel bill that is $93. We have a $75 gift card and the other $18 will go on the AMEX. We have another hotel night that will be $80 and that too will go on the AMEX. I can then redeem 7500 points to cover BOTH of those charges
.
We don't travel that frequently so our points will sit and accumulate for quite a while. It is nice to know that I can spend them on just about anything travel related. I'm hoping to charge a few things to the room, just to see if it gets categorized as "travel". If it does, that would be awesome because we could use points on future trips to cover food, souvenirs and valet parking!