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1) When Does a software engineer start financial planning for retirement since the our Career span is only 15-20 years on average.
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I tend to do a combination of both earning and spending the Amex points for travel. I generally try to look/wait for the promos Amex does for specific airline miles conversion (30-50% bonus occasionally) and then spending those airline miles for the tickets through the airline directly (app/website)… The caveat is not all airlines partner with Amex for the conversion and if there’s a specific route/airline you need, you may be out of luck there.
Cashing in Amex points for the price of the ticket with Amex Travel directly can work out more expensive, they have a strange conversion rate, think it was as high as 1.5 last time I checked.
But you generally have to run the numbers for the particular trip and work out the opportunity cost.
E.g. Let’s say you have 70,000 Amex points in total. If route X is $500 and Amex Travel is charging you 70,000 points, that’s the equivalent of having to spend $17,500 through Amex assuming you only used them to pay for flights to get the 4x rate.
However if the same flight is listed with the airline directly as 50,000 miles, and you cashed in your 70,000 Amex points at the 50% bonus, so you’re now sitting on 105,000 miles, your $17,500 worth of Amex points are now worth 2 tickets and change.
I’m no points expert though, but this is good resource to start with: https://thepointsguy.com/guide/redeeming-american-express-membership-rewards-maximum-value/
This guy points haha
Amex points are best used via transferring to airline partners for international business / first class trips. If you’re just booking domestic or economy flights, I would just pay with the card and get 4x (assuming you don’t have other adds that earn more)
Run a simulation! Duh!
Points.. ?