However, if you cancel your card, you'll forfeit
any unredeemed miles.
To be precise, there are 17.5 trillion
unredeemed miles.
Airlines have created a monster here where there are more than 17 trillion
unredeemed miles out there that may never be redeemed.
However, if you cancel your card, you'll forfeit
any unredeemed miles.
Not exact matches
Consumers are holding on to nearly 200 billion
unredeemed points,
miles and other rewards.
As a result, points and
miles frequently go
unredeemed.
6 reasons credit card rewards go
unredeemed — and how to change that — One - third of $ 48 billion earned in rewards points or
miles goes unused every year for various reasons.
That's essentially what many consumers do since Americans earn approximately $ 48 billion in rewards points and
miles each year through customer loyalty programs, yet about one - third of that amount — or $ 16 billion — goes
unredeemed each year, according to a study by loyalty marketing information company Colloquy and global commerce firm Swift Exchange.
There are at least 16.3 trillion
unredeemed frequent - flier
miles floating around out there, and the number is growing every day.
In fact, there are now more
unredeemed frequent flyer
miles than currency in circulation — around the world!
It found that Americans chalk up about $ 48 billion worth of rewards points and
miles each year, but about one - third of those go
unredeemed.
Did you know that there are more
unredeemed frequent flyer
miles than U.S. dollar bills in circulation?
Even worse in my mind, however, is that by applying for the card without a specific plan for the
miles, I've allowed a significant chunk of them to sit in my account
unredeemed.
Currently, there are at least 9.7 trillion
unredeemed frequent flyer
miles and with the airlines flying at such high load factors there is no incentive for them to redeem
miles for tickets that would essentially displace revenue passengers.
As of the end of December 2012, United Continental expected 25 percent of its
miles earned are expected to expire or go
unredeemed.
Buying 10,000
miles for $ 46 and a few hours of work may not sound like a great deal, but it's better than letting your IHG Rewards points sit in your account
unredeemed.