Christopher Elliott is a consumer advocate well known for advising
against travel loyalty programs and, while I think his heart may be in the right place, sometimes his advice is just too simplistic to be good advice and sometimes I fear he doesn't give the consumer enough credit.
Not exact matches
These points can be used for cash back (both as statement credits
against your balance or a deposit into a checking / savings account),
travel redemptions, gift cards and transferred to a number of frequent
travel loyalty programs.
Transferable points can be a better hedge
against future devaluations for future international
travel, since these points can be transferred to several different frequent flyer and hotel
loyalty programs.