No rewards protection laws on the books There are no laws to protect reward savers
from point devaluation.
Not exact matches
Rest of World net sales were $ 798 million, down 15.6 percent versus pro forma net sales for the year - ago period, due to a negative 26.0 percentage
point impact
from currency, including a negative 17.0 percentage
point impact
from the
devaluation of the Venezuelan bolivar in June 2015.
It's because the two precious metals are not only money but,
from the
point of view of free individuals, the best sort of money, less susceptible to what governments see as the most desirable quality of money — the susceptibility to control by government and particularly its susceptibility to
devaluation.
And Jesus gave expression to this
devaluation in his own life: he broke the Sabbath when he felt that God bade him act; he excused his disciples (at least)
from the custom of fasting; and the burning national question whether one had really to pay the poli tax to the foreign power of occupation (in Judea and Samaria) he answered in the affirmative, but he viewed it as a secular concern and
pointed his questioners to the essential duty, «Give to God what belongs to him.»
So far bloggers have been thinking about the
devaluation from the
point of view of a person trying to redeem United miles.
Unlike the miles you earn with co-branded airline cards, Membership Rewards
points are more valuable as you are protected
from frequent flyer program
devaluations.
Needless to say, this becomes a lucrative way of stockpiling
points for aspirational redemptions while hedging against the constant program
devaluations from the airlines.
And there are plenty of reasons to be upset about loyalty programs:
From massive
devaluation of your hard - earned
points to the elimination of perks without notice and broken promises, the airline and hotel loyalty programs don't seem to show much loyalty to their frequent customers.
But unlike fixed - value
points cards, like the Discover It card or Barclays Arrival Plus card, or co-branded airline cards, Ultimate Reward
points are flexible and more valuable since you are protected
from hotel and airline
devaluations.
In April 2015 the credit card lost the free night bonus (that was a big hit to the value of the card) and,
from 1 June 2015, another
devaluation to the loyalty program saw a raft of properties bumped up into the top - tier category costing 70,000
points per night.
And with good reason, as these
points tend to give you the most options for redeeming with various airline and hotel partners, which protects you
from sudden
devaluations in any one program.
The big
devaluations that Carlson put through its loyalty program last year saw a very large number of properties increase in award night cost — specifically
from 50,000 to 70,000 Gold
Points per night.
With all these
devaluations set to kick in
from 1 June here's a recap of the changes and a reminder to use your
points and benefits while you can (today & tomorrow) before they're gone for good.
The way I try to protect myself
from airline
devaluations is by concentrating my credit card earnings on transferable currencies like Chase Ultimate Rewards, Citi ThankYou
Points, American Express Membership Rewards
Points and Starwood Preferred Guest Starpoints.
We've certainly seen a lot of
devaluation lately with nearly 100 % increases to the Hilton HHonors award chart, some adjustments to Cash +
Points awards
from SPG, and the hit to airline mile transfers
from Club Carlson.
ThankYou
points transfer to a number of loyalty programs (more info here) so you're protected
from a
devaluation in any single program.
And lastly, Gary
from VFTW had a discussion with Mark Weinstein, Hilton's Senior Vice President & Global Head of Customer Engagement, Loyalty and Partnerships and he confirmed that there is «no plan on the books to devalue or change the value of
points across the system» so it looks like we might be in the clear for a while when it comes to Hilton
devaluations?
The only difference in marriott
devaluation this time i think is they did it even before freddie award winners were announced which is positive stuff
from marriott but seriously i wonder is it worth any effort to rack up their
points even for emergency.
Of course, glass - half - full people will
point out that there are still ways to benefit
from the program despite this new IHG
devaluation.
«The key benefit there is that you transfer
points to multiple programs, which protects you
from devaluation.»
As I noted when I recently suggested «It's Time to Put the Chase Sapphire Preferred in the Sock Drawer,» that
devaluation was followed up by one
from Southwest that left everyone wondering what Southwest
points were even worth anymore (and thanks for giving Delta that idea, Southwest).
To give readers — both old and new — some context, I've included my valuation of
points from 2013 and
from November, as well as explanations for any changes in value (like
devaluations or new fees).
While I fully agree with your sentiments and hope that your analysis of the blowback
from devaluation proves true, is it possible that Hilton (
from its
point of revenue - enhancing view) correctly took the negatives into account?
Additionally, as my schedule is generally impact more by other people and factors than my own time / good deals, a revenue redemption keeps me
from being forced between bad value or cash (and
point devaluation risk)
To give readers — both old and new — some context, I've included my valuation of
points from 2013 and
from October, as well as explanations for any changes in value (like
devaluations or new fees).
To give readers — both old and new — some context, I've included my valuation of
points from 2013 and
from September, as well as explanations for any changes in value (like
devaluations or new fees).