Source: The Points Guy
Summary
Points and miles devaluations can occur suddenly, reducing the value of rewards. Recent devaluations include Air Canada Aeroplan, Avianca Lifemiles, World of Hyatt, and Virgin Atlantic Flying Club. To protect against devaluations, it’s best to redeem points and miles as soon as possible, use transferable rewards, and be prepared to switch programs if needed. Keeping rewards in transferable currencies and acting quickly when a devaluation notice is given can also help.
Our Reading
The escape is carefully planned.
Devaluations are an unfortunate reality of earning and redeeming points and miles. Transferable rewards can provide flexibility, but even these can be affected by devaluations. Switching programs or using alternative transfer partners can help. Act quickly when a devaluation notice is given to lock in redemptions at current rates. And remember, the value of your points and miles is unlikely to ever be higher than it is right now.
Devaluations are like a never-ending game of musical chairs – except instead of chairs, it’s the value of your points and miles that’s disappearing.
Author: Evan Null
