Tag Archives for asia miles.
Cathay Pacific has announced a devaluation which goes into effect October 1. Unlike U.S. carriers they still have a true award chart, which means that when raising award prices they have to tell you. And they’re giving three months’ advance notice.
Make no mistake, though: Asia Miles will be worth less. The FAQ for the changes even has a question “Are you devaluing Asia Miles?” And even they do not say no.
Cathay Pacific is offering a 10% bonus transferring credit card points to Asia Miles in January (registration required). This is a bonus offered by Cathay itself, rather than by the bank, so you won’t see it on the Membership Rewards or Citi Thank You Rewards websites.
Here are the results from a survey of Berlusconi Market, Dream Market, and Olympus Market. Where they present more than one data point I average them for this chart. It’s important to note that these are asking prices. The people selling miles may or may not have a good idea of what they’re worth, and in some cases may be looking for a sucker (buying 500 Expedia points?).
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
