NerdWallet released its 2022 rankings of the top five most valuable airline and top five hotel rewards programs, based on rate of return on dollars spent.
Alaska's Mileage Plan, the most valuable airline program in NerdWallet's analysis, offers 9.1% back, while Radisson Rewards offers 12%. Most airline and hotel programs offer somewhere between 5% and 10% back, Kemmis noted, adding that basically adds up to free cash.
"Travelers who don't sign up for these loyalty programs can leave significant money on the table," he said. Programs from Frontier Airlines, Southwest Airlines, Hawaiian Airlines and Delta Air Lines round out the top five most valuable airline schemes in the NerdWallet rankings. Among hotel programs, World of Hyatt came in second and Wyndham Rewards third, followed by IHG Rewards and then, tied for fifth, Best Western Rewards and Marriott Bonvoy. 2. Frontier Airlines Frontier Miles: 7.3%5. Delta Air Lines SkyMiles: 5.4%5.
"The biggest mistake you can make is to sit on a pile of points and wait for the 'perfect' redemption," he said, noting that while some points and miles expire, all are subject to "devaluation," which is similar to inflation. "Travel rewards are a kind of currency that is controlled completely by the airlines, hotels and credit cards that issue them," Kemmis added. "So if you wait too long to use your points, they could suddenly become much less valuable."
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