Originally Posted by Steve M
Award tickets also have a third option: you can have the ticket reissued for a $100 fee for a different itinerary without redepositing the miles and claiming a new award, assuming that the criteria of the award remain unchanged (for example, which continents are involved, same cabin, etc.)
Though when you step back and look at it, paying $100 to put the points back then redeem them at your leisure for a new trip vs. paying $100 to not put them back and get a different trip doesn't sound like you have saved any part of that $100. Why bother?