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Alexis Leondis

Got a Ton of Airline and Hotel Rewards Points? Use Them Soon.

Credit card loyalty programs are devaluing your benefits. Here’s how to make sure you don’t lose out, even if you don’t have travel plans.

Don’t lose out!

Don’t lose out!

Photographer: Ivan Valencia

International travel is largely being put on hold yet again, and with it the chance to tap the staggering balance of rewards points and airline miles many consumers have accumulated.

It's especially frustrating since some airlines and hotels are devaluing their loyalty program points. That means a flight or a stay that used to require, say, 100,000 points could cost much more than that. Industry experts say more travel providers are likely to follow suit next year so they can decrease their outstanding liabilities.