Let's be frank here — of all my posts about the downsides of the flexible
loyalty currency programs, this one is the shortest.
Not exact matches
The Platinum Card from American Express earns Membership Rewards points, the
currency in AmEx's
loyalty program.
The card earns Membership Rewards points, the
currency in Amex's
loyalty program, which can be exchanged for statement credits or cash back, used to book travel through Amex's travel website, or, to get the most value, transferred to any of 17 airline and three hotel transfer partners (transferable points are among the best).
The report noted that consumers have little recourse when
loyalty program providers unilaterally decide to devalue their
loyalty currency, or change other terms and conditions of
loyalty programs.
On November 13, Virgin Atlantic made major changes to the earnings rates,
currency value, and qualification requirements for its Flying Club
loyalty program.
Having access to different redemption options means your rewards are safe when individual
loyalty programs devalue their
currencies.
The
currency works the same as in any other
loyalty program.
Probably the smartest way of redeeming your
loyalty currency is to transfer it to an airline
program out of the 31 different
programs offered.
On November 13, Virgin Atlantic made major changes to the earnings rates,
currency value, and qualification requirements for its Flying Club
loyalty program.
«While other
loyalty programs take steps to devalue their
currency, Best Western Rewards is actively seeking to enhance its customer value proposition,» said Dorothy Dowling, senior vice president of marketing and sales for Best Western International.
There are 16 airline
loyalty / rewards
programs into which you can transfer Starpoints but which do not accept transfers from any of the other major transferable
currencies:
They're a
currency that can be converted to a number of
loyalty programs I value (like Hyatt Gold Passport, Singapore Airlines Kris Flyer and Korean Air SkyPass) at a 1:1 ratio and with the 2 x earnings on dining and travel (two categories I seem to spend quite a lot in!)
On top of getting money back via TopCashback I can pay with my rewards credit card (so I earn points in my preferred
currency), I have my status recognised at the hotels I book at and I earn further points in the hotel's
loyalty program too.
Aer Lingus has announced that it expects to finally launch its much - delayed AerClub
loyalty program before the end of 2016 and that it will be adopting Avios as its
currency — no surprise there.
As one of the better hotel
loyalty programs, it's no surprise Hyatt has an interest in maintaing the value of its
loyalty currency.
IAG's two biggest airlines (Iberia and BA) both have their own separate
loyalty programs but both use Avios as their
currency and both have very similar rewards charts so we've been expecting more of the same from Aer Lingus....
Most importantly, all the credit cards I've listed above earn transferable
currencies (they can be moved to a number of other
loyalty programs) while the points earned thought the Marriott Rewards credit card are really only of any use at Marriott properties....
The card is a good way to earn Starpoints without actually staying at Starwood properties and, with Starpoints converting to most major airline
loyalty programs in a 1:1 ratio, they are an excellent
loyalty currency to hold.
Most travel hackers take advantage of the
loyalty programs of foreign airlines through flexible points
currencies, like transfers of Chase Ultimate Rewards points to British Airways Executive Club Avios, American Express Membership Rewards points to Singapore KrisFlyer, or Citi ThankYou points to Air France KLM Flying Blue.
Citi ThankYou points transfer over to a good number of other
loyalty programs (including Singapore Airlines) and they're a good, flexible
currency to collect.
These
currencies are least prone to sudden devaluations — airlines and hotels like to devalue their
loyalty programs on an all too frequent basis so holding a transferable
currency gives me the option to avoid a recently devalued
program if it no longer offers me value.
Better still, pick cards that will earn you points in a
currency that can be converted to numerous
loyalty programs (Amex Membership rewards cards, Chase Ultimate Rewards cards etc...) to protect yourself from unforeseen changes in a single
loyalty program.
I get the overwhelming majority of my Hyatt points via transfers from Chase Ultimate Rewards and, as I much prefer to hold transferable
currency balances than balances with individual
loyalty programs, I rarely large number of points in my Hyatt account.
Most airline and hotel
loyalty programs offer regular promotions where, if you buy their
loyalty currency, they'll either give you bonus miles on top of whatever you purchase or offer a discount on the regular price.
Customers will continue to earn and redeem
currency through the frequent flyer
loyalty programs of their Marketing Carrier, regardless of the Operating Carrier they travel on.
Points earned through the Starwood Hotel's SPG
loyalty program are a very valuable and flexible award
currency for travelers.
But by learning the nuances of each
loyalty program — and thinking outside the box — you can start to identify the ways in which seemingly rigid booking channels may be more flexible than they appear, allowing you to stack certificates, coupons, and other discounts with your already - heavily - discounted rewards
currencies.
There is more to a
loyalty program participation than just
currency earning and burning.
Similar to transferring points to airline partners in other flexible point
currencies like Amex Membership Rewards, you'll need to select the transfer partner and enter your
loyalty program membership details.
Hoarding miles, however, is never recommended as this type of mile - based
currency only devalues over time as airlines raise award ticket prices, tighten availability and adjust their
programs to discourage
loyalty among lower - spending travelers.
In the hotel and even flexible
currencies such as American Express membership rewards, the fact that there are many
loyalty programs that cater to US consumers allows more cards in the US to be sponsors with smaller
loyalty programs.
The purpose was to blunt the usual tendency in which folks see these purported
loyalty points
currency valuations and they automatically begin comparing them mindlessly across
loyalty programs, not realizing that without an appropriate points
currency conversion such comparisons are as meaningful as comparing apples and oranges...
The
currency of the British Airways
loyalty program (also known as BA Executive Club) is Avios, so you will probably see me referring to their miles as Avios
This would mean that while these
programs have a right to change their requirements at any time, any
loyalty currency earned before any change would have to continue at the «old» rules and redemption.
Speaking with TechCrunch, AirAsia CEO Tony Fernandes laid out a plan for the $ 3 billion company to develop a proprietary cryptocurrency that could replace its current «Big
Loyalty» rewards
program and serve as a native
currency on the firm's nascent financial services platform.
Rakuten Coin is also the native
currency for the company's new blockchain - based
loyalty program.