Originally Posted by
GUWonder
[Given CO is yet another one of those airlines selling large chunks of miles to desperately raise hundreds of millions of dollars in cash, it's only a matter of time until "the chickens come home to roost".]
But what is the "roost??" If CO completely sells out Chase then the cash is paid and the miles are in the "system" but there is no up-side for anyone other than CO. And even that up-side is limited. If no one wants to collect the miles any more then the cards become less valuable and Chase spends longer milking the miles for the cash. So they eventually have to pony up again, but it could be years.
In the mean-time, changes to the slEasyPass availability certainly sucks, but it could be worse. Like next March when I have no status and can't redeem my 280K miles left in the account for anything. I am looking forward to that....
