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Ticket price decrease, rebook and travel credit?

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Ticket price decrease, rebook and travel credit?

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Old May 24, 2024 | 7:11 pm
  #1  
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Ticket price decrease, rebook and travel credit?

I just want to make sure I am understanding correctly
If I book a ticket for $1000 (non-refundable) and the price drops to $800- can I cancel and rebook and get the $200 as a travel credit? If so, what is the expiration date on the travel credit? I think it is 1 year, but not sure if one year from the original booking or the date of the change? And is the expiration date when I need to book a ticket by or travel by?

thanks!
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Old May 24, 2024 | 7:14 pm
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Originally Posted by Scotttyd
I just want to make sure I am understanding correctly
If I book a ticket for $1000 (non-refundable) and the price drops to $800- can I cancel and rebook and get the $200 as a travel credit? If so, what is the expiration date on the travel credit? I think it is 1 year, but not sure if one year from the original booking or the date of the change? And is the expiration date when I need to book a ticket by or travel by?

thanks!
If not booking basic economy, yes.
It defaults to a year from original purchase.
Book a ticket by.
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Old May 24, 2024 | 8:45 pm
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No need to cancel, just call in and theyll refare the existing one.
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Old May 24, 2024 | 9:07 pm
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Originally Posted by javabytes
No need to cancel, just call in and they’ll refare the existing one.
If you refare, you'll get the difference as a trip credit that expires 1 year from the date the change was processed.

Originally Posted by S80
It defaults to a year from original purchase.
After you cancel, the credit is a year from purchase, but if you immediately use it to rebook, the remaining value (assuming the price went down) will be issued as a new credit 1 year from the current date.
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Old May 25, 2024 | 9:26 am
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Originally Posted by PurpleMonkey
If you refare, you'll get the difference as a trip credit that expires 1 year from the date the change was processed.


After you cancel, the credit is a year from purchase, but if you immediately use it to rebook, the remaining value (assuming the price went down) will be issued as a new credit 1 year from the current date.
thanks- and just to clarify like the previous poster said- one year to book by, not travel by?

also to clarify- does the credit have to be used on the ticketed passenger or can you use it on a family member?

Last edited by Scotttyd; May 25, 2024 at 10:34 am Reason: addition
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Old May 25, 2024 | 10:57 am
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If you get a trip credit (which will happen if you change the existing reservation), it can be used for anyone, and it just needs to be redeemed prior to expiration.

If you get a flight credit (which may happen if you cancel the existing reservation), thats locked to the passenger, and travel must begin by expiration.
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Old May 25, 2024 | 12:18 pm
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Originally Posted by javabytes
If you get a trip credit (which will happen if you change the existing reservation), it can be used for anyone, and it just needs to be redeemed prior to expiration.

If you get a flight credit (which may happen if you cancel the existing reservation), thats locked to the passenger, and travel must begin by expiration.
big thanks- very much appreciated - so the trip credit from re-faring is definitely a better deal
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Old May 25, 2024 | 12:54 pm
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Originally Posted by Scotttyd
big thanks- very much appreciated - so the trip credit from re-faring is definitely a better deal
Yes, its a more flexible credit type. If you cancel a ticket, you often still receive a Flight Credit sometimes a Trip Credit (which AA has been increasingly working towards). Even if you get a Flight Credit, people have had success getting AA to convert them into Trip Credits, or have employed the workaround of using the Flight Credit for a very cheap ticket, which causes the residual to be issued as a Trip Credit. So you still have options, but definitely easier to just refare.
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Old May 25, 2024 | 1:20 pm
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I know this is just for "Tour & Cruise Operators" but I hope it doesn't make its way to all tickets:

https://saleslink.aa.com/en-US/blog/...operators.htmlIssued: April 1, 2024

Dear Partner,

American has carefully reviewed agency performance, and starting on May 13, 2024, well be implementing stronger restrictions on the following:
  • Cancellations after the 24-hour booking window, before ticketing (Materialization or Materialize).
  • Voluntary rebooking the same segments, not resulting from schedule changes (Churning or a Churn).
Fee Changes
  • Materialization
    • A fee of $50 will be incurred for all cancelations beyond the 24-hour booking window for Passenger Name Records (PNRs) that do not Materialize.
  • Churning
    • One free Churn is permitted per PNR. All subsequent Churns to the same PNR will incur a $50 fee, up to a maximum of four charged Churns per PNR ($200 maximum).
Sincerely,

Agency Relations

American Airlines Modern Retailing
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Old May 25, 2024 | 1:30 pm
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I have a couple of trips coming up. I simply go to change the itinerary and if a fare has gone down then I select it. No need to cancel.
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Old May 25, 2024 | 4:19 pm
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I am wondering if the recently enacted FAA Reauthorization Act will affect the expiration of these types of credits? This is an except from the Senate's press release:
  • Sets Minimum Standards for Airline Credits: When airlines offer credits or in lieu of a refund, credits must be good for at least 5 years—so they don’t expire before they can be used.
https://www.commerce.senate.gov/2024...horization-act
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Old May 25, 2024 | 5:15 pm
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Originally Posted by RJ1
I am wondering if the recently enacted FAA Reauthorization Act will affect the expiration of these types of credits? This is an except from the Senate's press release:
  • Sets Minimum Standards for Airline Credits: When airlines offer credits or in lieu of a refund, credits must be good for at least 5 yearsso they dont expire before they can be used.
https://www.commerce.senate.gov/2024...horization-act
It only applies to travel credits/vouchers offered as compensation, not travel credits from voluntary changes.

https://www.afar.com/magazine/faa-re...r-travel-rules
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