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The credit card company is probably getting the miles at a steep discount, but I wonder how many people actually use their miles before they expire.
by gozur88 10y ago
The credit card company is probably getting the miles at a steep discount, but I wonder how many people actually use their miles before they expire.
- ubernostrum 10y agoAirlines don't really use expiration as a way to control this anymore; while they haven't all moved to non-expiring setups, it's usually easy enough to keep current that it won't matter (i.e., in many cases miles expire based on a period of inactivity on the frequent-flyer account, but adding miles through card usage counts as activity). The way they prevent it being too large a loss is by periodically devaluing, so that the cost in miles/points to purchase a ticket goes up over time.