Support & FAQ
Answers to the most frequently asked questions about points and miles
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Points and miles are both considered currencies you earn with credit cards. Points are earned on what we call transferrable credit cards and miles are earned on airline loyalty cards.
Your credit score is based on several factors, such as the length of your credit history, payment history (making on-time payments), credit utilization (how much of your credit you use), and more. Your score will drop a few points with each card application, but as long as you pay off your statement balance every month and always pay on time, you will see your credit score improve.
Always keep your no annual fee cards open, even if you don’t use them anymore. If the card does have an annual fee and the benefits are not outweighing the fee, downgrading should be your next option.
Yes, you should always pay your statement balance every month. If you can’t do this, then you should not open a credit card. The only exception to this would be if you have a 0% introductory rate.
I love the TravelFreely app! You don’t have to enter any sensitive information, just card type and date opened, then it tracks all fees and dates so you don’t have to. You can sign up here!
The Chase 5/24 rule is an unofficial policy that will prevent you from being approved for most Chase credit cards if you have opened five or more personal credit cards in the past 24 months. This rule applies to cards from any issuer, not just Chase. The rule is in place to prevent people from applying for credit cards just for the welcome bonus and then closing the account before the annual fee hits.
Yes! It’s actually very strategic for both P1 and P2 to open the same card if you need a lot of points or miles. You can also refer each other and earn extra points!
- AF – annual fee
- AU – authorized user
- CP or SW CP – Companion Pass
- GOH- Guest of Honor(Hyatt)
- CAA- Club Access Award(Hyatt)
- FNA – Free Night Award
- MR – Amex Membership Rewards Points
- UR – Ultimate Rewards points
- J – Business Class
- P1 or P2 – Player One or Player Two – typically partners that apply and earn points together