CNBC Points Pro: What's the smartest way to use my travel rewards?

Welcome to the Points Pro, where I answer your credit card and travel rewards questions each week. If you have a question you'd like answered, you can submit it here . This week, CNBC Select reader Kendall asks : Travel rewards sound great in theory, but there always seems to be a catch with blackout dates, transfer rules or inflated pricing. What are the best hidden-gem strategies for getting real value from points? ( This question has been edited for clarity and brevity. ) It's understandable that Kendall's frustrated when the promise of points doesn't match the reality. Yes, there's a lot you can do with that big limited-time welcome bonus , but how realistic is it for the average person to turn those points into a dream vacation? That said, if you understand a few general principles, you can avoid common pitfalls and stretch the value of your points. How to maximize credit card rewards Understand how your points work No two credit card rewards programs or travel loyalty programs are the same. There are different redemption options and expiration dates. So if you have a stash of miles or are looking to open a new credit card , it pays to take a closer look at what your points can and can't do. You can increase the value you receive by avoiding easy-to-make mistakes. Note the expiration policy The biggest mistake you can make with points is letting them expire ; it's important to know how long you have to use them and what activities reset the expiration date. …