By Dr. Kelly Wright, Guest Writer

Over the past decade, I’ve redeemed 6.4 million points and miles for $380,000 worth of travel. Travel rewards earned through credit cards (and, to a smaller extent, actual travel) have allowed me to take vacations I’ve never dreamed I could, to see far-reaching corners of the planet, and to stay in luxurious places for next to nothing.

Travel influencers may hawk the idea of these luxury trips as “free.” But travel isn’t free; there is always an opportunity cost. In a world where the simplicity of 2% cash back credit cards exists, does the math of travel rewards really work in my favor? More importantly, does it help me build wealth? Let’s look at the numbers and evaluate whether the time and effort of managing credit card points and miles is worth it.

Why Credit Card Points Are Inherently Valuable

Understanding

Keep reading this article on The White Coat Investor.