Understanding Travel Rewards Expiration Policies: Preserving Your Hard-Earned Points
Test your knowledge on travel rewards expiration policies and strategies to preserve your hard-earned points.
Questions
Which of the following is NOT a common travel rewards expiration policy?
- Points expire after a certain number of years
- Points expire if the account is inactive for a certain period
- Points expire if the cardholder cancels their credit card
- Points expire if the cardholder redeems them for rewards
What is the most common travel rewards expiration period?
- 12 months
- 24 months
- 36 months
- 48 months
What is the best way to prevent your travel rewards points from expiring?
- Use your points regularly for travel or other rewards
- Keep your account active by making purchases with your rewards credit card
- Transfer your points to a loyalty program that has a longer expiration period
- All of the above
What is the penalty for letting your travel rewards points expire?
- You lose all of your points
- You have to pay a fee to reinstate your points
- You can no longer earn points with your rewards credit card
- None of the above
Which of the following travel rewards programs has a relatively short expiration period (typically 12 months)?
- American Express Membership Rewards
- Chase Ultimate Rewards
- Citi ThankYou Rewards
- Capital One Venture Rewards
Which of the following travel rewards programs has a relatively long expiration period (typically 48 months)?
- American Express Membership Rewards
- Chase Ultimate Rewards
- Citi ThankYou Rewards
- Marriott Bonvoy
What is the best way to find out the expiration policy for your travel rewards program?
- Check the terms and conditions of your rewards program
- Contact your credit card issuer or loyalty program customer service
- Search for the expiration policy online
- All of the above
What is the difference between a travel rewards program and a loyalty program?
- Travel rewards programs are only offered by credit card companies, while loyalty programs are offered by airlines, hotels, and other travel providers.
- Travel rewards programs allow you to earn points for travel purchases, while loyalty programs allow you to earn points for staying at hotels, flying with airlines, or renting cars.
- Travel rewards programs typically have a shorter expiration period than loyalty programs.
- None of the above
Which of the following is NOT a strategy for preserving your travel rewards points?
- Use your points regularly for travel or other rewards
- Keep your account active by making purchases with your rewards credit card
- Transfer your points to a loyalty program that has a longer expiration period
- Let your points expire so you can earn new points more quickly
Which of the following is NOT a benefit of using travel rewards points?
- You can save money on travel expenses
- You can earn free flights and hotel stays
- You can upgrade your travel experience
- You can lose all of your points if you don't use them regularly
What is the best way to learn more about travel rewards programs and expiration policies?
- Read travel blogs and websites
- Talk to your friends and family who travel frequently
- Sign up for email alerts from your favorite travel rewards programs
- All of the above
Which of the following is NOT a good practice for managing your travel rewards points?
- Keep track of your points balance and expiration dates
- Use your points for travel or other rewards as soon as possible
- Transfer your points to a loyalty program that has a longer expiration period
- Let your points expire so you can earn new points more quickly