Recent survey and troubling implications
I recently got an email from Cathay for a survey and participated in the process. The questions I answered in the survey were very troubling as it seems to be hinting at a drastic devaluation of the miles. Of all the questions I answered, they are all circling on two themes:
- Will I be willing to use 1.4 million miles to redeem for a US->HKG RT biz class? If not, would ~700k work?
- Would I be willing to pay ~USD 7800 for a RT J ticket?
These questions seem to be pointing to a possible destruction of the Asia Mile program if executed. I can understand some devaluation and price hike given the COVID-19 impact but to completely destroy the value of the program seems to be excessive. Wonder how will the credit card issuers who has been paying for the points react if this indeed is coming to fruition.
Does anyone else receive a similar survey?