New OMAAT Video: Types Of Miles And Points

Last week we officially launched the OMAAT YouTube channel, and for the time being we’re uploading one video per week (on Tuesdays), though we’re soon hoping to increase that to two videos per week.

This week’s video is about the different types of points currencies there are, so if you’d like to check out the video, you can find it here:

Also, if you haven’t yet subscribed and want to get notifications when future videos are uploaded, you can do so here.

I realize a lot of this is probably obvious to many of you, so I appreciate your patience, as I promise to also have more advanced content. As I’ve said from the beginning, I want to make sure that the YouTube channel doesn’t in any way detract from the content on the blog, so I’m trying to start low and steady, and also recognize that YouTube largely has a different audience.

Thanks for watching!

Comments

  1. @paulo hit the bell on YouTube it will send you an email

    @ben/Lucky glad to see you retrieving this with more production value.

  2. Exited at 0.20′ when the first word I heard was ‘credit card’. This is only interesting for locals. Bit of a shame as I do think this blog has quite an international audience.

  3. @ ron — These three types of miles/points exist in almost every market I can think of. The specific examples might not be applicable in all regions, but the concepts might be helpful to you still.

  4. Hi Tiffany, wish that was true. I need to earn most of my miles by flying on paid FC/BC tickets (sounds like Endre).
    I do have some CC’s that indeed collect miles but those are cards without sign-up bonuses and earning rates are looooowwww, on one of my cards I use for almost all shopping and travel, so far this year I have racked up about 9000 points that will give me 4500 miles if converted; in almost all countries it is impossible for anyone to have more than a few cards (I managed to get myself 4 of which 1 is not even earning a single reward) and earning rates are low.

    In such cases, which I do think is most of the world ex US, it boils down to:

    1) fly the airline that gives you the best experience versus price eg the ‘buy one get two’ offers or flights that earn double or triple miles. And no, travel expenses do not earn us 5 miles per $.
    2) fly as affordable FC/BC as possible while maximizing earning rates using airline promo’s
    3) collect whatever miles possible through non airline shopping, car rentals etc although outside the US also this is not massive – think in 100’s of miles, not 1000’s
    4) redeem whenever the few miles you have give you a good value – typically the more expensive tickets

    To help me with 1-4 I come to this blog.

    However it is very clear that for US readers the focus is on ‘manage earning’ while for non US readers focus is on ‘manage burning’.
    I really like the flight and hotel reviews as it helps me in making my choices. Likewise I value the postings from James a lot.
    But the CC hyping – and I understand the economics of it for your blog – is just irrelevant for non-US readers. Obviously I skip all CC items if it is clear from the header where they are heading.

    But I have to say I was really disappointed that the very first word in the very first video was precisely what as a non US person I hoped not to see.

  5. Fully agree @ron, also not a US based reader. I skip those blog posts for the same reasons. Waste of my time to read em.

  6. @ ron — Certainly appreciate the thoughtful feedback! You’re absolutely right about earnings rates, and other countries definitely don’t have the welcome bonuses we see in Australia and the US.

    In terms of the video (and keep in mind, these are short and on specific topics), it was about the types of miles and points out there. You probably have some sort of bank rewards/fixed value currency. You certainly have program-specific points, regardless of how you accrue them. And you likely have some sort of flexible/transferable points option (Amex alone operates Membership Rewards programs in dozens of countries) even if it’s not as lucrative.

    We realize that not all content is going to appeal or be relevant to everyone — but hopefully with 70 posts a week there’s something for everyone. With the videos we wanted to start with some baseline concepts; hence when to redeem miles last week, and establishing some vocab with “flavors” of points this week. We felt like the theories in both would be broadly applicable, but I’m sorry you didn’t feel like either was relevant to you. We’ll keep trying to provide a mix as we go, and I hope you’ll give them another shot.

    Next week’s you can totally skip though, and that will be obvious up front 😉

  7. @Tiffany
    “You probably have some sort of bank rewards/fixed value currency.”

    The point that was tried to be made is – that this is actually not the case! There are no airline-hotel brand credit cards in Europe, leaving aside the UK. The only credit cards for mile accrual are the AMEX Membership Rewards or AMEX Payback card. Although Payback is also not available in full glory for everyone. I for one follow ron and Udo and hardly check this or UK blogs, because they focus too much on these items (I do understand its the easiest and most lucrative way of monetisation – for both parties).

    I do agree that you have to start somehow and it needs to be basic for those that are not so much into the subject yet, but if you want to increase your audience I believe there are many who would appreciate for the English blogs to look beyond the horizon. Just my 2 cents.

    Looking forward to see how this evolves.

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