future of ClickRewards?
 

ClickRewards parent company Netcentive's stock is getting hammered. Downgraded last week by Credit Suisse analysts, and fell below 52 week low yesterday. The stock is down about 12% this morning and trading below previous 52 week low. I know this isn't an investment msg board but I have about 145,000 Click Miles sitting with them. Should I get em out? Anyone else worried about their ClickMiles or the future of this program? Personally, I haven't had any activity in my ClickRewards account for about 2 months now (since Compubank ditched em).

voluntary disclosure: I don't own NCNT stock. The only thing I have at stake are my miles.

[This message has been edited by custombagel (edited 03-22-2001).]

It's very likely, IMHO, that there will soon be some changes - and they will NOT be positive! http://www.flyertalk.com/forum/eek.gif

I only had about 66,000 points in click rewards but just to be safe I moved them all over to Starwood. It only took one week to post to my Starwood acct..

From Starwood you can convert them in to most major airline mile programs with out loosing any points/miles.

I have not looked into it yet but I think you also get an extra 5,000 miles for each block of 20,000 you convert out of Starwood.



[This message has been edited by liptont (edited 03-22-2001).]

Custombagel--I think it would be very wise to move your miles out NOW! While I am a great fan of Clickrewards and netcentives, they are suffering from the same hammering all of the net stocks are going through. Whether they can survive is unknown. (Same disclosure, I owned some Netcentives stock for a while, made a profit while it was going up, but sold it last year before it plunged.) That said, I would probably move the whole thing over to Starwood, to take advantage of the 20,000/25,000 air miles option, and retain the flexibility of moving to whatever program you need the miles in for the future.

Djlawman

Mypoints, (mypt) is not looking that good either. It has been under a dollar for a few weeks now and seems to have less point earning opportunities. I would think about getting your points out of there too. (I don't own My Points stock.

Good luck to all of us.

Netcentives stock dropped another 25% this afternoon (new 52 week low). I moved all my ClickMiles to Starwood (thanks for the tip!). I think Netcentives is providing the backend technology for AOL AAdvantage. Wonder what will happen to that program if Netcentives goes bankruptcy..? Think AMR/AOL's concerned ?

I moved my points out. I never got miles I was due from one of their sub companies, the one that runs the DL Shopping Web Site. Better to be safe then sorry, and you have A LOT OF MILES TO PROTECT.

Ditto. Shifted mine to SPG earlier this week.

Better to be safe. Moved mine to Starwood also.

10k ClickRewards for opening a Cititrade account with a mere $10k http://www.flyertalk.com/forum/smile.gif
http://www.clickrewards.com/offers/cititrade.html

* This offer is available to all Cititrade accounts, except for retirement accounts. Citigroup employees are not eligible for this offer. Only one Cititrade account per household is eligible to receive this award. This offer cannot be used in conjunction with other Cititrade promotional offers to obtain multiple awards. To receive the award, the client must deposit $10,000 into a Cititrade account. He/she must maintain such amount in the account through the time period the credit will be made and execute at least one equity, option, or mutual fund trade (excluding money market funds) during such time period. The client's award will be credited to his/her ClickRewards account within 8 weeks of opening and funding the account. This offer may be terminated or changed at any time and for any reason without notice.

Thanks for the tip. I transferred mine to my USAir Dividend Miles account.

Just got off the phone with a rep at Cititrade. You can fund the new account one of two ways: send $10k or transfer $10k of securities from another investment company.

you still have to make one trade at a high $29.95.

.....THUS, IT'S LIKE PAYING $29.95 FOR 10K MILES. Not bad.......better than the $50 AA CC 10k mile promo going on (albeit more of a hassle)

Thanks for posting this, custombagel. I just now transferred my miles into Starwood...just to be on the safe side.

Wouldn't you have to pay the $29.95 twice, once to buy the stock and once to sell it, or am I missing something?