Massive, unannounced devaluation of airline conversion rates
#1
Original Poster
Join Date: Jan 2006
Programs: MUCCI
Posts: 5,706
Massive, unannounced devaluation of airline conversion rates
Was this advance notified/warned?
Is it a website goof or genuine?
http://www.ukpoints.com/2013/07/01/h...thout-warning/
Quite a big cut, slash in fact:
100k CC > 18k airline before
100k CC > 10k airline now
I'm hoping this is just a website goof, the bands make no sense if all at same rate.
Is it a website goof or genuine?
http://www.ukpoints.com/2013/07/01/h...thout-warning/
Quite a big cut, slash in fact:
100k CC > 18k airline before
100k CC > 10k airline now
I'm hoping this is just a website goof, the bands make no sense if all at same rate.
#2
Join Date: Aug 2006
Location: IAD
Programs: DL-Silver; BA-Bronze
Posts: 1,162
Looks like it's true. From the CC website:
Redeem your Gold Points® for miles with over 20 airline partners.
Points Airline Exchange
2,000 points 200 miles/points
50,000 points 5,000 miles/points
100,000 points 10,000 miles/points
Redeem points for airline miles.
Select your airline program below
Enter your frequent flyer number
Enter the quantity of point increments you want to redeem for miles.
Note: Redemption options may vary by airline. Miles may take 4-6 weeks to post to your frequent flyer account.
Points Airline Exchange
2,000 points 200 miles/points
50,000 points 5,000 miles/points
100,000 points 10,000 miles/points
Redeem points for airline miles.
Select your airline program below
Enter your frequent flyer number
Enter the quantity of point increments you want to redeem for miles.
Note: Redemption options may vary by airline. Miles may take 4-6 weeks to post to your frequent flyer account.
#4
Original Poster
Join Date: Jan 2006
Programs: MUCCI
Posts: 5,706
Previously it was 5.55 CC > 1 Airline mile, not 10 CC > 1 Airline mile.
Virtually doubled overnight.
And to think they were selling CC points by the bucket load last week on flash sales. Waiting for people to start claiming the infamous American line of 'bait switch'. But we don't need to descend to that level.
Simply for a change to a loyalty programme, all airline partners be cut in value overnight. Pathetic.
Virtually doubled overnight.
And to think they were selling CC points by the bucket load last week on flash sales. Waiting for people to start claiming the infamous American line of 'bait switch'. But we don't need to descend to that level.
Simply for a change to a loyalty programme, all airline partners be cut in value overnight. Pathetic.
#9
Join Date: Feb 2012
Location: Central Europe
Programs: AY Gold, A3 Gold, UA Gold, Hyatt Globalist, HH Diamond, Marriott Gold
Posts: 482
Those sneaky dirty .......s... even HHonors didnt do that with their infamous devaluation... they should give members at least some time to decide... but no... overnight change... and only days after flash sale... dirty .......s...
#10
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
Sudden, no-advance notice major devaluations don't bode well for the loyalty program currency's store of value. Cost-cutting mode doesn't start up just so it can suddenly stop for no reason.
#11
Join Date: Nov 2008
Posts: 371
They did this without any advance notice! Or without any notice at all!
Was this advance notified/warned?
Is it a website goof or genuine?
http://www.ukpoints.com/2013/07/01/h...thout-warning/
Quite a big cut, slash in fact:
100k CC > 18k airline before
100k CC > 10k airline now
I'm hoping this is just a website goof, the bands make no sense if all at same rate.
Is it a website goof or genuine?
http://www.ukpoints.com/2013/07/01/h...thout-warning/
Quite a big cut, slash in fact:
100k CC > 18k airline before
100k CC > 10k airline now
I'm hoping this is just a website goof, the bands make no sense if all at same rate.
#12
FlyerTalk Evangelist
Join Date: Nov 2002
Location: All over
Programs: Most
Posts: 10,839
Absolutely. They changed the award categories of few properties last year unannounced mid year and then they released the changes this year four/five days before and never emailed anything to CC members.
#13
Join Date: May 2006
Location: BOS and ...
Programs: UA 2MM, AA 600k, DL 500k, Hyatt GP 1M, HH Gold, Rad. Gold, CP Gold, Miracle Fruit-su Club
Posts: 9,950
Trying hard to hold to "If it looks too good to be true, then it must be." But really, like the 66.66% devaluation of most of the lowest tier with four days notice - 9,000 to 15,000 points over a weekend - it really does approach bait & switch, and a shame.
#14
Join Date: Nov 1999
Location: Monterey, California
Programs: Affiliated with all, participate in some
Posts: 2,188
Isn't it great to have credit cards flooding the hotel points currency market and devaluing the points?
Just seven months to seriously dilute one of Club Carlson's strongest program advantages with points to miles transfer exchange rates now going to a simple 10 points = 1 mile. That is a 44% devaluation without any warning to members.
At least the hotel reward rates have not increased. Yet.
Just seven months to seriously dilute one of Club Carlson's strongest program advantages with points to miles transfer exchange rates now going to a simple 10 points = 1 mile. That is a 44% devaluation without any warning to members.
At least the hotel reward rates have not increased. Yet.
#15
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
Club Carlson still seems to be haunted by the spirit that destroyed the value in Club Carlson's predecessor "loyalty" program -- a spirit which damaged customer relations. That customer-unfriendly spirit may have been reincarnated with the incarnation of the Club Carlson program despite the hopes that it may have been exorcised with the program transition. This situation seems rather unfortunate given the reincarnated program had inspired hopes that seemingly will be increasingly dashed by such sudden, customer-unfriendly moves.
Isn't it great to have credit cards flooding the hotel points currency market and devaluing the points?
Just seven months to seriously dilute one of Club Carlson's strongest program advantages with points to miles transfer exchange rates now going to a simple 10 points = 1 mile. That is a 44% devaluation without any warning to members.
At least the hotel reward rates have not increased. Yet.
Just seven months to seriously dilute one of Club Carlson's strongest program advantages with points to miles transfer exchange rates now going to a simple 10 points = 1 mile. That is a 44% devaluation without any warning to members.
At least the hotel reward rates have not increased. Yet.