It is time to begin the brand new yr off proper, and which will imply lastly redeeming your Chase Final Rewards factors for max worth. Or, maybe you will earn American Airways Benefit standing out of your lounge sofa utilizing American Airways Loyalty Factors.

From choosing the greatest Marriott Alternative Profit to choosing the correct airline in your American Specific airline charge credit score, here is an summary of some factors and miles matters to think about as you agree into 2024.

Select your Marriott Alternative advantages

In case you accrued 50 or extra elite nights with Marriott Bonvoy in 2023, you will wish to choose your Marriott Alternative Advantages by the Jan. 7 deadline.

When you attain 50 elite nights in a calendar yr, you may select one of many following:

• 5 elite night time credit (towards your 2023 elite nights)
• 5 Suite Evening Awards
• A $1,000 low cost in your favourite Marriott resort mattress
• A $100 charity donation
• A present of Marriott Bonvoy Silver Elite standing for a member of the family, good friend or colleague

When you accrue 75 elite nights in a calendar yr, you will get a further choice. Apart from the choices you obtain when you attain 50 elite nights, you will additionally get to decide on if you would like to reward Gold Elite (quite than Silver Elite) standing or add the choice of a free night time certificates price as much as 40,000 factors.

In case you do not select by Jan. 7, Marriott will robotically select Suite Evening Awards for you.

Associated: The entire information to incomes Marriott elite standing with bank cards

Change your airline for the Amex charge credit score

These with an American Specific card that points an annual airline charge credit score have till Jan. 31 annually to alter the airline they’ve chosen for the credit score. In case you do nothing, your choice will stay what it was the earlier yr.

Every day Publication

Reward your inbox with the TPG Every day e-newsletter

Be a part of over 700,000 readers for breaking information, in-depth guides and unique offers from TPG’s consultants

Among the American Specific playing cards that provide annual airline charge credit embody:

Amex says you should use the airline charge credit for “incidental charges reminiscent of checked baggage, in-flight refreshments, and flight change charges” that you just pay to your chosen airline utilizing an enrolled card.

Associated: Amex Platinum card evaluation: Excessive annual charge with a great deal of perks

Earn the coveted Southwest Companion Go

Whether or not you wish to fly to Aruba, Jamaica, Hawaii or Nebraska, usually talking, the sooner within the yr you earn the Southwest Companion Go, the higher.

Southwest elevated the Companion Go requirement from 125,000 to 135,000 Companion Go qualifying factors (you can too earn the go after 100 qualifying one-way flights in a calendar yr). Nevertheless, Southwest cardholders now take pleasure in an annual increase of 10,000 Companion Go qualifying factors towards Companion Go qualification.

When you surpass the edge to earn a Companion Go, your designated companion can fly without cost with you on Southwest (apart from the price of taxes) for the remainder of the calendar yr during which it is earned and the next calendar yr. Which means you may earn the go now and have it by means of Dec. 31, 2025.

In case you’re striving to earn the Companion Go, signing up for a brand new Southwest bank card will help. In any case, sign-up bonuses from Southwest bank cards rely towards the 135,000 Companion Go qualifying factors wanted to earn a Companion Go. Nevertheless, different incomes actions — together with shopping for Speedy Rewards factors — will not rely in your quest for the Companion Go.

Associated: How you can use the Southwest Companion Go

Choose Delta Alternative Advantages

Like Marriott, Delta Air Strains awards its higher-tier elite members with Alternative Advantages. You get one choice while you qualify for Platinum Medallion standing and three picks while you qualify for Diamond Medallion standing.

Sadly, the timing for selecting these perks is not at all times clear. Delta makes use of the time period “Medallion yr” when describing this deadline, which may (understandably) result in confusion.

Briefly, you earn the subsequent yr of standing primarily based on the earlier calendar yr’s price of flying. So, your qualifying exercise from Jan. 1, 2023, by means of Dec. 31, 2023, earned you standing for the 2024 Medallion yr.

So, what does this imply for Alternative Advantages? Right here it’s in less complicated phrases:

In case you earned Platinum and/or Diamond Medallion standing primarily based in your qualifying exercise within the 2022 calendar yr and you have not chosen your Alternative Profit(s), it’s essential to accomplish that by Jan. 31, 2024.

In case you do not choose earlier than the deadline, the choice(s) will disappear solely, by no means to return.

It is also price declaring that if you happen to nonetheless have not made a variety in your 2023 Medallion yr, fastidiously contemplate when the advantages you choose will expire. You might wish to choose advantages reminiscent of bonus miles or a journey voucher, as these do not expire on the finish of the Medallion yr related along with your Alternative Advantages.

You may also have Alternative Advantages to pick out out of your 2023 flying exercise (2024 Medallion yr). You are welcome to select these now, however they may stay accessible till Jan. 31, 2025.

Associated: Delta makes it tougher to earn Medallion standing in 2024, provides new Alternative Profit choices

Use your journey and different credit

Some bank card journey credit reset with the calendar yr, and a few function by cardmember yr (i.e., while you had been first authorised for the cardboard). Regardless, it is a good time of yr to see when your accessible journey credit reset and put them to good use.

Along with the Amex airline charge credit already talked about, here is a take a look at among the different travel-related credit you may need:

• Capital One Enterprise X Rewards Credit score Card: $300 annual credit score for purchases made by means of Capital One Journey
• Chase Sapphire Reserve: As much as $300 for journey purchases every account anniversary yr (although it’s primarily based on a calendar yr if you happen to obtained the cardboard earlier than Might 21, 2017)
• Citi Status® Card: As much as $250 for journey purchases every calendar yr
• Financial institution of America® Premium Rewards® bank card: As much as a $100 assertion credit score for qualifying airline incidental charge transactions yearly
• Hilton Honors American Specific Aspire Card: As much as a $50 assertion credit score every calendar quarter (January by means of March, April by means of June, July by means of September and October by means of December) on flight purchases made by means of amextravel.com or with the airline instantly; earn as much as $200 in assertion credit semi-annually (as much as $400 yearly) on eligible purchases made at collaborating Hilton resorts along with your Hilton Amex Aspire Card
• The Platinum Card® from American Specific: As much as $200 annual assertion credit score while you ebook a pay as you go price by means of Amex Superb Lodges + Resorts with American Specific Journey (this profit may also be used on stays of two nights or extra at properties in The Resort Assortment)

The knowledge for the Citi Status and Hilton Aspire playing cards has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

You may also have journey credit with airways. In that case, now is an effective time to make a plan for utilizing these credit.

Just a few standard rewards playing cards produce other non-travel-related credit that reset on Jan. 1, reminiscent of:

• As much as $50 Saks Fifth Avenue assertion credit score is issued twice yearly for these with the Amex Platinum — as soon as from January to June after which a second as much as $50 assertion credit score legitimate from July to December. Enrollment Required.
• As much as $200 Dell assertion credit score is issued twice yearly for these with the Amex Enterprise Platinum — as soon as from January to June after which a second as much as $200 assertion credit score legitimate from July to December. Enrollment Required.

Associated: Which journey credit are the simplest to redeem?

Burn up your elite standing perks

With many airways and motels, it’s essential to requalify for standing by the top of every calendar yr. However if you happen to do not requalify, you typically hold your standing till the top of January or February.

Briefly, you could have a month or two of “free” standing if you happen to did not requalify. As such, the start of the yr is a perfect alternative to make use of up elite standing perks left over from the earlier yr, reminiscent of airline or suite upgrades and potential standing matches to different applications. Typically, you may even use improve certificates for associates, relying on this system’s guidelines, so they do not at all times must go to waste simply since you aren’t touring within the subsequent few weeks.

Associated: When does airline elite standing expire?

Label your playing cards to maximise your advantages

What are your award journey objectives for the yr? If you wish to sip a mango smoothie in a Balinese rainforest or frolic down the Champs-Elysees, chances are you’ll wish to add a resort bank card that gives an annual free night time to your pockets.

Do you want extra Alaska Airways miles to snag a nice deal on a companion award? In that case, time to crank your Alaska Airways Visa® bank card into common rotation.

Brush up in your present bonus classes and objectives for the yr. You might wish to reallocate your spending among the many playing cards you presently maintain. Or, perhaps you will understand it is a good time to select up a brand new journey rewards card and spend a specific amount to obtain a welcome bonus.

No matter journey objectives and bank cards you choose, it is useful to label these playing cards with the profit you are chasing and the cardboard’s bonus classes so you do not miss out on optimizing your spending.

Associated: Greatest bank cards

Do not forget that annual limits reset

In case you’ve maxed out reserving fourth-night-free stays with the Citi Status (capped at two per calendar yr), hit the utmost yearly bonus restrict for six% again at U.S. supermarkets (as much as $6,000 per calendar yr in purchases, then 1%) on the Blue Money Most well-liked® Card from American Specific or reached one other related restrict in 2023, that is the magic time of yr when most of the clocks reset.

Not all playing cards reset bonus spending limits by calendar yr, although. It is essential to fastidiously evaluation your on-line advantages information to make sure you do not sacrifice any bonus factors.

Associated: Free elite standing, bonus factors and extra: Bank cards providing rewards for annual spend

There’s lots to do at first of the yr to set the remainder of the yr off proper — particularly with regards to factors, miles and bank card rewards. Nevertheless, somewhat further work now doubtless means you will maximize your rewards in 2024.

Associated studying: