"Points and Miles" refer to rewards earned through various loyalty programs, often associated with travel. When you book flights or stay at hotels, you can accumulate points or miles that can be redeemed for future travel, upgrades, or other perks. For example, airlines like Delta or American Airlines offer frequent flyer programs where you earn miles based on the distance traveled. These rewards can also come from credit cards that partner with travel companies. By using a card like the Chase Sapphire Preferred, you can earn points on everyday purchases, which can later be converted into travel rewards. This system encourages loyalty and helps travelers save money on their adventures.