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Expiring rewards in 2024? A list of loyalty programs and their rewards expiration policies
14.12.2023 - 17:59 / thepointsguy.com
As the end of the year approaches, odds are you're doing a travel rewards self-audit. Do you know which points, certificates, vouchers and credits will disappear at midnight on Jan. 1, 2024?
You obviously don't want to leave value on the table if you can help it. Here's a quick look at popular loyalty programs and their rewards expiration policies.
If you're an avid collector of travel rewards, you can bet that most of the currencies you've amassed have an expiration date. This may seem alarming at first — or, at the very least, inconvenient to monitor — but it's really not that bad. In just about every case, you can push the expiration date by simply earning or redeeming a single point. If you're a frequent traveler, you shouldn't have much to worry about.
To boot, some points and miles will never expire as long as you have a credit card that earns those rewards. For example, World of Hyatt points will never expire if you have a Hyatt credit card. Likewise, Chase Ultimate Rewards points won't expire if you hold a Chase Ultimate Rewards-earning credit card.
But here's the more important point: Even if the rewards you have never expire, you shouldn't drag your feet in redeeming them. We routinely see loyalty program devaluations that weaken the value of rewards. All this to say, it's likely that the points you have will never be worth more than they are right now.
Airline credits often expire — but not always. Each airline publishes unique terms, so you'll need to read the fine print. Here's a quick rundown of the rules for the most popular airline credits.
If you cancel your nonrefundable Alaska Airlines flight or change it to a flight that costs less than your original ticket, you'll get a credit certificate for the remaining value of your ticket. This expires either 12 months from the date it's issued or 30 days from the date of your modification, whichever is greater. You can purchase a new ticket up to 11 months beyond the expiration date, but you must use it to pay for the flight before it expires.
Similarly, those who hold either the Alaska Airlines Visa® credit card or the Alaska Airlines Visa® Business card will receive Alaska's Famous Companion Fare each cardmember year after spending $6,000 or more on purchases within the prior anniversary year. This allows you to book your travel buddy a round-trip economy flight from $122 ($99 fare plus taxes and fees from $23). These fare codes generally must be redeemed within 12 months of the issue date, though you can book travel within 12 months beyond the issue date.
Those with unused or canceled tickets will receive a flight credit for future travel with American Airlines. To use them, you must book travel within one year of the original ticket
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