How Do Frequent Flyer Miles Work?

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I first started paying attention to the world of miles and points back in 2013. I had an upcoming family reunion scheduled for Lake Tahoe in the Summer of 2014, and I knew that 8 cross-country plane tickets were going to cost at least $3000. I had heard of miles, points and frequent flyer miles before, but that trip was the impetus for me to get serious about it. I opened a few credit cards, and used the signup bonuses to accrue 140,000 Southwest Rapid Rewards points to get a free flight for my family of 8 to Lake Tahoe and back.

Just about every airline, hotel and bank has their own loyalty program, credit card, elite status and other components of…

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