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If you're considering booking travel for several months out, consider sticking to refundable tickets and reservations made with points or miles so there's less risk of losing money if your plans need to be canceled.If you're in good financial standing, you could open a new rewards credit card now and earn its welcome bonus so you have a stash of points ready to go when you're ready to book a trip.As a result of the coronavirus, our lives have become very small in scope.
Zach Honig, Editor at Large at travel website The Points Guy, recommends steering clear of nonrefundable tickets and hotel stays. "Personally, I'm not purchasing any nonrefundable travel right now, though I have booked several award flights that I hope to take, since I've found business-class availability to be outstanding, for travel later in the year," he tells Business Insider.