Frequent Flyer Travel: Where It Stands

Frequent Flyer Travel: Where It Stands
Air miles reward credit card for frequent fliers and travelers. Dreamstime
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Since late 2019 I’ve booked, canceled, and re-booked the same trip five times using frequent flyer miles. And that process has illustrated a lot of important conclusions about the process—both earning miles and using them. I was concentrating on flying business class to and from Europe from my home in Oregon, but I checked other options along the way. Clearly, with all the variables involved, I can report only my own experience, but I think some conclusions are broadly representative of what anyone would find.

1. Miles Do Not Improve With Age

The value of a frequent flyer mile is inexorably declining. During each of my five successive tries for the same trip, I found that the lowest-mile mileage requirement kept increasing and itinerary options kept getting worse—in both business and economy. I expect the devaluation of miles to continue indefinitely.
Yes, you can still get some economy class long-haul round-trips within the U.S. for 25,000 miles and to Europe for 60,000 miles, but many—if not all—the available lowest-mile trips increasingly rely on itineraries you wouldn’t want: New York to London with a connection in Istanbul or Warsaw, for example, or San Francisco to Paris with back-to-back red-eyes and a full day layover on the East Coast, and few, if any nonstops.

2. Want Are Miles Worth Now?

Over the years, the very active frequent flyer blogosphere has valued credit on big U.S. airlines between 1.0 and 1.7 cents a mile. Most foreign airlines show slightly lower values. And transferable American Express, Chase, and Citi credit is worth 1.8 to 2 cents per mile/point. Surprisingly, that hasn’t changed much over the last few years. But those values look increasingly high:
Ed Perkins
Ed Perkins
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