500 mile upgrades swapped for loyalty points!
Hope this isn't a duplicate thread but I didn't see any others yet.
Just got the notice from AA that 500 mile upgrades will be swapped for loyalty points. Seems a little like fraud but I'm not sure exactly. I remember a promotion a few years ago where AA sold 500 mile upgrades which I purchased but had not had a chance to use. I was planning to use them some day. And now they will gone... poof! Turned into LP that will expire likely without me being able to derive any benefit as I will probably not be travelling before they expire. Doesn't seem legal.