Originally Posted by
nermaljcat
There is speculation that the 4900 points will be a short-haul flight like SFO-LAX. I think I remember reading somewhere about being able to combine points and cash, suggesting that there will be a redeemable $$ equivalence to eleVAte points. Also, it is believed that points will expire 18 months after they are
earned not account inactivity

.
This is not a "belief" but a fact confirmed on the VX website. See
this link.