Points and miles are liabilities to airlines and hotels since they are essentially promises for free travel. In order to reduce this risk, reward programs have begun to transition to dynamic pricing, which allows them to better calculate their risk. Dynamic pricing of awards means that the price of a specific redemption (in terms of points and miles) can change at any given … [Read more...] about What is Dynamic Award Pricing?
Basics 101
What are Award Charts?
Points and miles are pretty cool, but at the end of the day, they are only as valuable as what you can use them for. Their value is pegged to the amount of goods and services you receive when you trade in those points or miles. It can be very complicated trying to navigate and understand how many rewards points you need for a specific redemption. Luckily, many programs … [Read more...] about What are Award Charts?
