Skip to main content

Sound Advice: December 17, 2025

Don't wait too long to use your airline miles or credit card points

Airline miles typically have expiration policies that vary by program, but many miles expire after a period of inactivity, often ranging from 18 to 36 months. For example, Air Canada Aeroplan miles expire after 18 months of inactivity, Air France-KLM Flying Blue miles expire after 24 months without qualifying activity, and other airlines like British Airways and Lufthansa have miles that expire after 36 months of inactivity. Some premium status members may have miles that never expire as long as they maintain their status.

Credit card points also require attention because redemption rates, transfer options, and redemption methods can influence the value you get from your points. Airlines and credit card programs may change redemption rates or policies over time. Generally, it's wise not to hoard miles or points too long without redeeming because they can lose value, expire, or programs can devalue the rewards.

To maximize your benefits:

  • Track your miles or points and check their expiration policy.
  • Use or renew activity before miles expire by earning or redeeming points.
  • Transfer credit card points to airline programs when it results in better value.
  • Redeem points for trips you want to take rather than waiting for an ideal moment.

In short, don't wait too long to use your airline miles or credit card points because they often expire after a period of inactivity or may lose value due to program changes. Creating a plan to redeem your miles for trips you want to take will ensure you maximize their worth before expiration or devaluation risks arise.


N. Russell Wayne

Weston, CT  06883

203-895-8877

www.soundasset.blogspot.com

 

Comments

Post a Comment

Popular posts from this blog

Sound Advice: January 3, 2025

2025 Market Forecasts: Stupidity Taken To An Extreme   If you know anything about stock market performance, you can only gag at the nonsense “esteemed forecasters” are now putting forth about the prospective path of stocks in the year ahead.   Our cousins in the UK would call this rubbish.   I would not be as kind. Leading the Ship of Fools is the forecast from the Chief Investment Strategist at Oppenheimer who is looking for a year-end 2025 level for the Standard & Poor’s Index of 7,100, a whopping 21% increase from the most recent standing.   Indeed, most of these folks are looking for double-digit gains.   Only two expect stocks to weaken. In the last 30 years, the market has risen by more than 20% only 15 times.   The exceptional span during that time was 1996-1999, which accounted for four of those jumps.   What followed in 2000 through 2002 was the polar opposite: 2000:      -9.1% 2001:     -11.9% ...
Post a Comment
Read more

Sound Advice: January 15, 2025

Why investors shouldn't pay attention to Wall Street forecasts   Investors shouldn't pay attention to Wall Street forecasts for several compelling reasons: Poor accuracy Wall Street forecasts have a terrible track record of accuracy. Studies show that their predictions are often no better than random chance, with accuracy rates as low as 47%   Some prominent analysts even perform worse, with accuracy ratings as low as 35% Consistent overestimation Analysts consistently overestimate earnings growth, predicting 10-12%                 annual growth when the reality is closer to 6%.   This overoptimism can                 lead investors to make overly aggressive bets in the market. Inability to predict unpredictable events The stock market is influenced by numerous unpredictable factors, including geopolitical events, technological changes, and company-specific news.   Anal...
Post a Comment
Read more

Sound Advice: March 10, 2021

The ABCs of Stock Picking After decades of analyzing stocks (and funds) and investing for clients, I'm happy to share in plain English what's involved, what works, and what doesn't.  Keep in mind the reality that successful stock picking is an effort to maintain a good batting average. In baseball, a batting average of .300 or better is considered quite good.  With stock picking, you need to do better than .600, which means you have many more winners than losers. No one gets it right all of the time.  It's not even close.  Wall Street shops all have their recommended lists and the financial media regularly hawk 10 stocks to buy now. Following that road usually is a direct route to disaster.  Don't be tempted. Let's begin with the big picture: The stock market goes up and down over time, but the long-term trend is up.  When there's a rally under way, everyone feels like a genius.  When the market hits an air pocket, though, with few exception...
Post a Comment
Read more