Wyndham devalued their points for hotel redemptions last year, but they gave about a month’s notice of it.
Sure, they were somewhat disingenuous at the time. They had already implemented a no-notice devaluation, and then rolled some of those back a couple of weeks later with their devaluation announcement, claiming to be reducing rather than raising the cost of award nights.
And they didn’t actually share the list of hotels whose points requirements would be changing until basically forced to do it by member outrage.
But it was notice.
What’s worse is that they’ve now reduced the value of points-to-miles transfers and they implemented it overnight, said sorry it’s already done.
Redemption rates have changed as of January 31, 2014. Redeem now starting at 6,000 points.
Points used to transfer to airline miles at 8000 to 3200, put a different way a Wyndham point was worth 0.4 airline miles.
The Wyndham Rewards Visa earns 2 points per dollar, and has been the only no-fee card whose points transfer to a variety of airline miles at a reasonable rate (effectively earning 4/5ths of a mile per dollar in your choice of program with no fee). That value proposition has now been gutted.
Points now transfer at 6000 to 1200 miles, so a Wyndham point is now worth 0.2 airline miles.
They’ve cut the value of Wyndham points transfers literally in half and with no advance warning.
Wyndham Rewards definitely falls into the categories of programs I do not trust, and will tend to avoid accumulating points with.
(HT: Mommy Points)