If you've been paying attention to points and miles this year and something has felt off, like the ground keeps shifting under the rules you thought you understood, you are not imagining it.

I'm joined again by my good friend and points expert, Kevin Zanes, to make sense of it all. We are hitting pause at the halfway mark of the year to ask what the biggest stories in points, miles, and award travel have really been so far, and more importantly, what those changes tell us about where this whole hobby is headed. This year hasn't just brought the usual devaluations we all expect. It has brought step changes big enough to make both of us reconsider strategies we've relied on for years.

Kevin and I each picked our top three stories and compared notes. We get into the Hyatt award chart overhaul and whether chasing Globalist status still makes sense, the new Qatar restrictions on booking award flights for family and friends, the three new Bilt cards and how they reshuffled where our everyday spend goes, and the way United is now tying its best award space and discounts to holding a co-branded card. I also walk through the Chase change I'm most worried about, a differential transfer ratio to Hyatt that depends on which card you hold, and why I think it could open a floodgate. Listen in as we spend just as much time looking forward as back, on super currencies, newer players like Symphony and Rove, and the rise of the co-branded airline card as a value multiplier.

Whether you've been collecting points for a decade or you just opened your first card, this one is less about the headlines and more about reading the trends underneath them, so you can decide where your own time and attention are actually worth spending for the rest of the year.

Earn up to 5,000 bonus points for opening and funding a new Symphony account here.

Get full show notes and transcript: https://pointmetofirstclass.com/2026-points-miles-mid-year-review

Eager to learn the secrets of award travel so that you can turn your expenses into unforgettable experiences? Join the Points Made Easy course waitlist here: https://pointmetofirstclass.com/pointsmadeeasy

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