If you’re looking to fly First Class for the price of economy, stay in an overwater villa for free, or circumnavigate the globe in style, any traveler can gain immense value from Miles & Points. By using your credit card points for travel, you can make your dream trip a reality, bringing far-flung experiences well within reach.

But rewards programs are complicated, and not all points are created equal. You have to know how to play the game in order to achieve the biggest wins. Transferable points offer the best value and flexibility, and they should be the cornerstone of your award travel strategy. By converting your credit card rewards to frequent flyer miles and hotel points, you’ll often unlock cheaper rates and better experiences that aren’t available in other ways.